7 Secrets You Didn't Know About Sending Money Internationally

Table of Contents

• What You Should Know About Sending Money Internationally
• Secret #1: There is no such thing as a free lunch - or free international money transfer services
• Secret #2: The best time to send money internationally is during business hours in the receiving country
• Secret #3: Consider Using a prepaid debit card instead of a credit card
• Secret #4: Look for a money transfer service that doesn't charge a massive fee
• Secret #5: Use your bank's international money transfer service
• Secret #6: Get a no-fee credit card
• Secret #7: Use a peer-to-peer money transfer service
• Conclusion
• Do You Need To Find the Best Remit Exchange Rate for Sending Money Internationally?

Most of us think that sending money internationally is a difficult and expensive process. You may also think that you need to go to a bank to send money overseas. This is not the case! There are many ways to send money internationally, and some methods are much cheaper and easier than you might think!

In this article, we will discuss 7 secrets about sending money internationally that you probably didn't know.

What You Should Know About Sending Money Internationally

With the advent of technology, sending money internationally has become easier than ever. However, there are still a few secrets that you may not know about when it comes to sending money abroad. Here are 7 of them:

Secret #1: There is no such thing as a free lunch - or free international money transfer services

You may have seen ads for "free" international money transfer services, but the truth is, there is no such thing. These companies make their money by charging hidden fees, which can end up eating into your profits. The fee is usually a percentage of the amount you're sending, and it can vary depending on the provider and the country you're sending to.

So be sure to do your research and compare different providers before choosing one. RemitFinder can help!

Secret #2: The best time to send money internationally is during business hours in the receiving country

This is because banks are open and can process transactions more quickly. If you send money outside of business hours, it may take longer to arrive.

You should consider the time difference when sending money internationally. For example, if you're sending money from the United States to Europe, remember that Europe is six hours ahead. So, sending money in the evening (US time) will mean it arrives early morning (European time).

• Send money during business hours for quick processing
• Consider the time difference when sending money internationally
• Avoid delays by sending money during business hours

Avoid sending money during December. This is because many people are sending money home for holidays and there can be a delay in processing. Banks may be closed on holidays, which could delay your transaction.

To avoid delays, send money during business hours, and avoid sending during holidays.

Secret #3: Consider Using a prepaid debit card instead of a credit card

Prepaid debit cards are a great alternative to traditional credit cards when sending money internationally. They offer many of the same benefits as credit cards, including the ability to track your spending and earn rewards, but with one key difference: you can load them with cash in advance, which means you won't be hit with any surprise fees or interest charges.

Another advantage of using a prepaid debit card is that they're widely accepted. Many major banks and financial institutions offer them, so you shouldn't have any trouble finding one that meets your needs.

• Avoid surprise fees and interest charges
• Widely accepted
• Can be reloaded with cash
• Track your spending and earn rewards

Finally, keep in mind that some prepaid debit cards come with additional features, such as fraud protection and customer support. These can be extremely helpful if you encounter any problems while using your card abroad.

So, if you're looking for a convenient and affordable way to send money internationally, consider using a prepaid debit card.

Prepaid debit cards are a great way to send money overseas without incurring the costs associated with traditional credit cards.

Secret #4: Look for a money transfer service that doesn't charge a massive fee

Another secret to saving money when sending money internationally is to look for a money transfer service that doesn't charge a large fee. There are many reputable companies out there that will allow you to send money affordably. This can save you a lot of money, especially if you're sending large amounts of money. Check with sites like RemitFinder to compare. Why? Because RemitFinder helps you:

• Send money internationally without paying a large fee
• Save money compared to other money transfer services
• Know more about money transfer fees or charges
• Use convenient online platform

Another way to save money is to use a service that offers competitive exchange rates. This means that you'll get more bang for your buck when sending money abroad. Be sure to shop around and compare rates before choosing a service so that you can get the best deal possible.

Secret #5: Use your bank's international money transfer service

Many times, banks are a good way to send money internationally. They have the most experience with international transfers and often have partnerships with other banks around the world. This means that your money can usually be sent faster and at a lower cost than using another service.

If you're sending a large amount of money, you'll want to use a bank's international wire transfer service. Wire transfers are generally the most secure way to send money, and they can be completed in just a few days.

• Send money securely and quickly with a wire transfer
• Get lower fees by using your bank's service
• Partner banks around the world for even faster transfers
• Track your transfer to ensure it arrives safely and on time

To find out if your bank offers an international wire transfer service, call them or visit their website. You may also be able to send money internationally through your online banking portal.

Wire transfers with a bank can be a great option to send money overseas, especially if sending very large amounts.

Secret #6: Get a no-fee credit card

If you're looking to avoid fees when sending money internationally, using a credit card is one way to do it. There are a few no-fee cards available on the market, and they can be a great option if you're sending a small amount of money. Just be sure to pay off your balance in full each month to avoid interest charges.

• No fees for international transactions
• Low-interest rates
• Various rewards programs are available
• Easy to use

Another fee that's commonly charged when sending money internationally is the currency conversion fee. This fee can vary depending on the card you use, but it's typically around three percent. To avoid this fee, look for a card that doesn't charge it or shop around for a better exchange rate.

Keep in mind that some cards may have foreign transaction fees. These fees are usually around three percent, but they can vary depending on the card. To avoid these fees, look for a card that doesn't charge them or use a different method of payment.

• No currency conversion fees
• Variety of cards to choose from
• Get the best exchange rate
• Avoid paying extra fees

There are a few credit cards out there that don't have any foreign transaction fees. If you're going to use a credit card for your international money transfers, make sure you get one of these no-fee cards.

Credit cards can have high fees. Look for a no or low fee credit card if you intend to use it for money transfers or overseas spending.

Secret #7: Use a peer-to-peer money transfer service

There are now peer-to-peer money transfer services that can help you save a lot of money on international transfers. These services use the latest technology to match you up with someone in your recipient's country who is looking to send money in the opposite direction. This way, there are no middlemen or exchange rate markups, and you can often get your money transferred for a fraction of the cost. Here are some advantages of using peer-to-peer:

• Get your money transferred within minutes, or even instantaneously in some cases. So, if you need to send money quickly, this is the way to go.
• Have much better tracking systems in place. So, if there are any issues with your transfer, you'll be able to get in touch with customer support and get them sorted out quickly and easily.
• All you need is your recipient's name and email address (or phone number in some cases).
• They often have much better customer support than banks. If you ever have any questions or problems with your transfer, you can usually get in touch with someone who can help you out very quickly.
• More convenient overall. They typically have much simpler signup processes and user-friendly interfaces, so you can get your transfers set up and sent without any hassle.

Before you choose a peer-to-peer money transfer service, make sure to compare the fees and exchange rates offered by different providers. You'll also want to consider how easy the service is to use and whether it offers features like tracking or 24/ 7 customer support.

Still, if you need to send more money than these limits are allowed, you can always make multiple transactions. And since there are no fees involved, it's still a cheaper option than using a traditional bank or money transfer service.

Peer-to-peer money transfers can be a cost effective and extremely fast way to send money internationally.

Conclusion

Always remember that sending money internationally is a big responsibility. Be sure you're prepared for it before taking the plunge. Research the company thoroughly before you make a transaction, and never send money to someone you don't know. The best way to find the right solution for you is to do your research first so you understand your options and make an informed decision.

Do You Need To Find the Best Remit Exchange Rate for Sending Money Internationally?

RemitFinder is an online service that helps you track remit exchange rates. By checking and comparing the latest remit exchange rates, you can get the best exchange rate for your money transfers. RemitFinder, thus, helps you to get the best return for your hard-earned money.

Find the cheapest rate to transfer your hard-earned money - visit our site or download the app on Google Play or Apple App Store now.