Four Reliable Ways of Transferring Money Overseas

1. Four Reliable Ways of Transferring Money Overseas

2. Money transfer services are broadly used by many people around the world. • However, most of them have a common concern of exorbitant charges, security, and delivery timings. As a result, most of them look out for alternative means of moving money.

3. Bank Remittance • Wire Transfer • Bank drafts, Cheques, Money Orders • E-transfers There are various methods of moving money across the globe. Here are four reliable means that are cost-effective, secure and fast.

4. For decades, banks have been considered the safest means of relegating funds to different countries. • With the advent of internet, several established banks like YES Bank are now offering quick online money transfer services to their account holders. • Such services carry reasonable fees that are lower than the other relegating agents. Moreover, they also provide the best exchange rate. Bank Remittance

5. This mode of transfer is linked with banks, but is not limited to the account holders. • Wire transfers can be initiated by any individual, and you can transfer funds to any other account in the world using it. • Wire Transfers use the fast and secure SWIFT system to move and deliver money. Wire Transfers

6. These native modes of funds transfer are available with every bank around the world. • They are relatively safe and you will have to do some amount of paper-work before you actually initiate a transfer • Moreover, this method is somewhat slower and your recipient will have to wait for 2 to 3 days to receive funds. Bank drafts, cheques, money orders

7. Different online companies (E.g.: PayPal) are now providing payment and remittance portals to transfer money across countries. • Such portals are fast, secure, and you recipient receives funds within minutes. However, you will have to be savvy to choose the exchange rate while transferring funds. E-transfers

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