How to choose an international money transfer service

1. How to choose an international money transfer service Transferring funds overseas is always laborious, time-consuming, and involves filling out a lot of paperwork. With differences in currency and fluctuating exchange rates, sending money abroad is both confusing and expensive. Lately, however, international money transfer has become easier and safer with the rise of money transfer services that take care of this complex process on your behalf. These operators can be better understood as small companies who deal with overseas fund transfer across a large banking network. Some benefits of availing of an international money transfer service are: •The elimination of middlemen and a large chain of necessary paperwork. If the process of money transfer is handled by a single service provider then the official formalities are reduced to a large extent, thus saving you a lot of time and energy. •Fund transfer operators are entirely focused on matters of international transfers, as opposed to banks, which are concerned with a variety of other financial services. You are more likely to receive direct and hassle-free assistance in this regard from companies that solely deal with fund transfer operations. •Money transfer service providers are transparent in their dealings with transfer charges and conversion as per exchange rates. This

2. ensures that your money is safe and you are made aware of the exact figures according to the current foreign exchange rate. Your transfer costs can also be significantly reduced by going through an overseas fund transfer service. •For businesses in particular this is a very lucrative option. This is because international transfer operators offer a great deal of flexibility and value-added services which are beneficial for large buyers or suppliers. The fund transfer service industry in itself provides an easy link of access between international businesses, doing away with the need to go through a multitude of transfer agents and respective banks. Choosing the best money transfer service Due to a rapid increase in the number of international money transfer service providers, you now have a large pool of reputed organizations to choose from. By and large your decision will depend upon the nature

3. of your transfer – that is, if it is a onetime transfer, an instant transfer, or a regular periodical scheme. Regardless of the specifics, these are some of the services you must look for when searching for the best overseas fund transfer operator in the industry: •Online money transfer – The quickest way to send money with the least extra charges is through online transfer. Internet service fees are never astronomical, making this a very affordable choice for regular transfers. You can transfer small as well as very large amounts safely online through netbanking, debit cards, or credit cards. •Minimum transfer fees – If you are an individual or a business with regular transfer needs, you must choose a service that requires zero or minimal fees for the same. Good exchange rates along with minimum charges reduce the overall cost to a large extent. Percentage-based service charges are sometimes levied instead of fixed higher transfer rates, which benefits you in terms of the total expenses incurred.

4. •Dealings in global currency – The best international transfer services offer exchanges with a wide range of currencies globally. Choosing an operator that comprehensively covers all the major currencies in the world ensures that all your business dealings can be taken care of by a single organization. •Transfer amount ceilings – You must choose a service that has no cap on the minimum transfer amount and also allows transfers up to very high limits. A large range is always to your benefit because it prepares you for all contingencies. •Customer support – International fund transfer services must have very good online customer support. Whether via email, calls, or chat support on the website, it is essential that the service you choose offers great customer service throughout the week. Overseas money transfer is a daunting task that involves a fair bit of financial risk. Choosing the right service provider for the same requires you to take into account multiple factors, but you always do not have the luxury of time when sending money on an urgent basis. Interchange Financial offers the best advice for all your international dealings and guides you through the entire process. With well-researched price comparisons, details of secure service providers, and all the best transfer rates made available on a single platform, Interchange Financial makes international fund transfer swift and simple. www.interchangefinancial.com