Money Transfer Services - Send Money Online
Need to set up a one-off or regular small global money transfer (remittance)? Perhaps you need to pay family, friends or even staff in another country. A Money Transfer company allows quick, secure and low cost money transfer services. You will be given the option to transfer money through a variety of channels including online, over the phone or through a branch. You can send money to anywhere in the world with one of the companies listed below you just need to take the time to find the best service for you and your transfer needs.
Money transfer companies are transfer specialists who offer professionalism and expertise that you can utilise. Most companies will offer an online account so you can make transactions and manage whenever you want. You can also set transfers for when you want. Many of the services listed operate outside of banking hours so you are not restricted to only making transfers in banking hours. Also unlike the banks money transfer companies will be able to offer better exchange rates. Different transfer methods usually include online, over the phone, fax, bank to bank, through a branch or with a cheque. You may find that depending on the method you choose you may be offered different rates. For example, online transfer companies usually offer the most competitive rates and can offer instant transfer.
The companies listed below are fully qualified money transfer specialists which means they can access excellent exchange rates and pass these on to their customers. Whether you want to send money to family and friends or for any other transfer need, they can help you today. When choosing a service the right one will be the one that best suits you and your recipients needs. For example make sure if you choose to do an online transfer that your recipient has access to the internet. Money transfer companies are experts in international transfers.
It is important that you take the time to find the foreign exchange broker that best suits you and your exchange needs. If your transfer amount is over around Rs. 360,000 and under then these currency exchange brokers can provide the best service. However, if you are looking to transfer money over this amount then you should look into using a foreign exchange broker who can get better exchange rates on larger amounts. In general, they offer their services entirely free of charge for larger transfers, but may take a flat fee of around $15 for smaller amounts.
Compare Money Transfer Services
If you want to send money overseas then a money transfer service could be the answer.
Using a Money transfer / Remittance service
Many people would go to their bank first when looking for money transfer services. However, you are unlikely to get the most for you money. Money transfer companies deal with the currency market everyday and can offer you some of the best exchange rates as a result, better than if you were to use your bank. Money Transfer companies work with live rates and as such they can get far closer to the interbank rate than the banks, meaning you can make big savings. The interbank rate is the rate banks buy and sell currency to each other. Foreign exchange brokers will offer highly competitive exchange rates which are extremely close to the interbank rate whereas banks will apply a significant margin to the interbank rate.
Get the Best Exchange rates on money transfer
Most companies operate on an online basis and have systems that allow you manage your account, view past transactions and set up new transfers. Online services are particularly useful if you are doing lots of payments a month by helping you automate payments and there is a high level of online security to keep your money safe. If you are looking for a money transfer service simply register online today in a matter of minutes!
Sending money home the convenient way
People use money transfer services for making one-off or regular transactions outside of the India. Money transfers are a convenient, easy and safe way of transferring your money to anywhere across the world. Whatever your transfer needs, whether you are buying property or vehicles abroad, emigrating, sending money to friends or family or paying staff, you can benefit from highly competitive exchange rates saving you money on every transfer. Money transfer companies are experts in international transfers. You will have access to currency experts who will provide a tailor-made service that meets your personal needs.
Avoid the expensive banks
Banks often attach considerable fees for using money transfer services. If you are making multiple transfers over the year this can become an expensive method of transfer. You are also restricted to banking hours whereas with many money transfer services you can send money 24 hours a day and easily make transfers online or by phone. When you use a money transfer service it can cost you nothing to transfer your money. Unlike banks there are no hidden charges or fees.
Choose from a range of transfer options
There are a wide range of options and transfer methods for you to choose from. A significant benefit of money transfer is the reduction in currency exposure. For as long as you are making international payments you are subject to foreign exchange fluctuations, however many providers have managers assigned to monitor markets and advise you on the best time to buy and sell. You have to option of fixing the exchange rates. This can help you budget if you want to make regular payments. Your payment’s will not go up and down with currency fluctuations which means you will know the exact amount that will be taken each time. With many money transfer services you can fix an exchange rate up to 12 months before making a payment to so your money is protected from the fluctuating exchange market.
Finding the right service for you
With so many money transfer services available how do you find the right one for you? The right money transfer service will depend on your specific transfer needs. For example, where you want transfer money to, how much you are looking to transfer and how long you want the transfer to take will all affect which is the best service for you. Please note that some companies only deal in with specific countries and certain currencies. You should also check the minimum and maximum allowable transfer amount before you make your choice.
Compare different companies
You should take the time to compare different services which you can do in the able above. The type of transfer can vary greatly between providers so take this into consideration. Different transfer methods usually include online, over the phone, fax, bank to bank, through a branch or with a cheque. You may find that depending on the method you choose you may be offered different rates. For example, online transfer companies usually offer the most competitive rates and can offer instant transfer. When choosing a service the right one will be the one that best suits you and your recipients needs. For example with an online service both parties will need to have internet access so bear this in mind.international money transfers are far superior to traditional banks. The companies listed buy and sell foreign currency at an average 1% margin from the interbank spot rate, whereas traditional banks charge a margin as high as 5% plus fees.
Foreign exchange specialists can advise you on the best ways to minimise riskMost foreign exchange brokers pride themselves on being able to develop good personal relationships with their clients. The best foreign exchange companies will provide you with a personal broker who will be available throughout your transaction and will keep you up to date with the latest FX news. They will also be able to advise you on when the best time is to trade.
30 April 2013
Everybody who needs to send smaller amounts of money into another country should use the services of the money transfer company.
02 October 2012 16:00
Which Way to Pay
Many people in India are utilising the benefits of online money transfer services to send money abroad, to friends, family or staff, because you can be offered some of the best exchange rates available and there are a wide range of transfer methods to choose from.