Time and again, there may arise a need to send money to a loved one living abroad – perhaps a friend or a relative, who needs finance for education, business, or a property deal.
There are many ways to transfer money abroad; the choice depends solely on the mode of transfer that you choose, the amount you wish to send, and the level of urgency. If you want to learn more about the best international money transfer app quora, then search the browser.
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Money transfer agency
The quickest and easiest way to carry out a global money transfer is often through a dedicated money transfer agency, which has many branches around the globe. Either one can visit a money transfer agent for funds transfer, or you can avail of their money transfer services online, and make the transaction.
The process of international money transfer is simple
You merely fill a form, which requires the sender's details along with those of the recipient after that, one needs to pay the money that has to be transferred, along with the transfer fee to the money transfer agent or online.
Upon which the sender receives a 16digit pin, which must be noted down.The recipient when collecting the amount, along with the personal identification proof requires this reference number to show at the collection center .That is it! Done!
Once the recipient receives the reference number from the sender, the beneficiary can collect the money from any local agency branch of their choice.
Mode of payment
The beneficiary can receive the money
- In cash
- Doorstep delivery
- Account transfer
- Remit card/ prepaid card
When visiting a money transfer agency, one can rest assured as they accept most forms of payment. Nevertheless, if one chooses online money transfer, the payment will need credit or debit card details.