4 Things to Avoid in Money Transfer

1. 4 Things to Avoid in Money Transfer International boundaries have become so domestic today that people are collaborating and working across boundaries while sitting back at their home, offices or places of their choice. Digital emergence has made the world a ‘Small World’ where almost every person has the accessibility to be in touch with thousands of fellow members of the world day in and day out especially just at the touch of their fingertips. This modern time has sprung a spree of digital mode to be switching places with everything traditional in a single go. For instance, visiting a restaurant has exchanged places with online food ordering, shopping from stores has made a switch with e- commerce websites and to top the charts Banks and the Money Transferring has adopted the digital medium too. Can you beat that? However, as easy and tech-savvy it sounds, every invention comes with its own drawbacks isn’t it? Thus, that’s the case with Digital Dominance too. As seamless and hassle-free the technology may make things appear, there is always a need for precaution and to beware! Every domain has experienced its fair share of transformation but one of them that has really touched the lives of the people is the Banking, Financing and Money Transferring services. Who’d have imagined that technology will make it so easy for people to transfer money to each other from one country to another with a flick of an eye? Times have changed and have given birth to options like BookMyForex—which is the world’s first and the largest online marketplace for currency exchange and international remittances— options like them have eased the process of exchanging foreign currency or transferring money like spreading butter. No hidden fees and zero charges policy and testimonials from the existing customers makes them a trustworthy option for the customers. Thanks to marketplaces like BookMyForex, foreign currency exchange has become fast and economical for a customer.

2. Not to forget, the D-R-A-W-B-A-C-K-S! Yes, these drawbacks can be quite epidemic in nature as a single miss in their process can make things a big mess for someone. Especially if it is Money Transferring, imagine you plan on sending money to your family overseas and mistakenly the account number you wrote was switched by one single digit. Woah! The magic happens… Here is a list of a few things that one should take care of while making a money transfer, either domestically or Internationally: RECHECK ALWAYS! This is the most common mistake that people tend to make. Yes, imply the thought of ‘easy gets easily ignored’ it is very simple to ignore this mistake. It is the initial step for any sort of transaction to take place, you need to fill the form with the CORRECT DETAILS. It is obvious that if the details aren’t right, the transaction will not take place, and if it does, it will be done to a wrong account, BIG LOSS! MAKE SURE YOU READ As much as you dislike Reading, never ignore reading when it comes to bank forms, and documents related to them, these are in a tough lingua but still understandable. Try and know about what’s written there, what does it mean, clarify your doubts with the officials before getting done with it. CHECK THE TOTAL PAYMENT THAT YOU MAKE Yes, it is the most important point because you may find that although you were told an Estimated Amount during the process, however, it may be different when you come down to payment. At times, there are charges that are taken by both the banks along with the intermediary one. It may happen due to the change in the country also, because of the extra charges that the bank needs to be paid for rendering the services. Make sure that you ask about it always. ENSURE ABOUT THE DELIVERY Yes, make sure you are informed and always in the know-how about the trajectory that’s taking place. Know that it may happen that delivery of the money you’ve sent takes more than the promised time, thus, stay in touch with the service provider or the concerned bank. In the end, make sure that you are SMART, ACTIVE and ANTICIPATING everything that takes place. By - BookMyForex Pvt Ltd

3. Address :- Unit 662 - 664, JMD Megapolis Sohna Road, Sector - 48 Gurgaon 122018, Haryana India Visit us :- https://www.bookmyforex.com/money-transfer/send-money-to- canada/?utm_source=seo_link_building&utm_medium=ashish&kw=transfermoneytocanad a