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How do I trace a money transfer?
. Overseas money transfers do not happen as easily as local money transfers. It might take even up to five days or more to arrive in the hands of your beneficiary depending on the circumstances. Five days are long enough for all the senders to worry about the whereabouts of their money and where it has reached.
● . There are many money transfer companies that provide end-to-end tracking so that all can monitor the progress after you send money online. Well, each company might be tracking the money by following various procedures. However, here’s a look at how the major transfer companies handle tracking in general.
. Almost all companies give a confirmation number along with the receipt with which you can track your transfer. From sending to receiving, most companies offer information of money transfer in either of these ways: Online By telephone SMS notification Email notification ● ● ● ●
. In general, to track a money transfer: Complete your transfer: Once the transaction is completed and the money is sent, you can start to track the money transfer. Check your receipt: You will receive a receipt that contains a reference number, confirmation number, order number etc. Sign up for notifications: If the company provides, opt for email or text notifications on each step of your transfer. ● ● ●
. Online money transfer in Australiaoffers better provisions for tracking the money sent to another country. This is a real saver for the sender to visibly monitor where their hard-earned money has reached so far.
