Are you curious about sending money to your loved ones who are abroad? Sending money nowadays has been a straightforward task. Rather than taking cash on hand and struggling harder to transfer money to their friends and family, people have adopted different ways of sending money online in just a few seconds.
Here in this article, we will inform you of some of the best ways to send money to your loved ones electronically. So let us look below in the following ways.
Paypal is an online money transferring platform where you can easily create your account and send money to your friends and family abroad. The account of the sender and receiver on Paypal is linked with their credit card. As soon as the account is created and all the necessary information is verified, the account holder has the right to transfer money wherever they want and use it for business use. People have been considering this platform for sending and receiving money since 2015. However, Paypal's first form originated in the 1990s. One can easily use their account on the mobile app to transfer money in no time. Also, the retailers can avail of the discounts given to them on more significant transactions. Besides all the other methods, Paypal provides unlimited transactions, so you can do the more significant transaction you want anytime.
The easiest way to send money is to transfer money online through Zelle. This online payment method was introduced in the year 2017, June. However, before that, this payment transferring platform was recognized as clearXchange. To transfer the money, the sender and receiver should have a Zelle account and give a link to their master, debit, or credit card for money transfer. The account holder should also give the details of his email address or mobile number. Besides this, there is a limitation of sending dollars as one can send about $20000-$25000 in 30 days if they send the money from Well Fargo's bank. Also, Zelle can only send money to those based in U.S.so, the sender and receiver must have their accounts in the U.S.
Another widely known app for transferring money is Cash App. People living in the U.K. and U.S. can easily avail of the services of Cash App. Also, sending money to these two states is free. Both the sender and recipient have to download and register on this app. Once you are done with the registration, after 30 days, you can easily send up to $1000. There is no fee for transferring money through this app, but if you transfer using a credit card, the 3% amount will be deducted. One can also earn money by referring their friends and family to this app, and if they register themself, they can have about $5 as a bonus.
What can be the cheapest way of sending money than Western Union? People rely on this reliable method of sending money to more than 200 countries across the globe. The Western Union was launched in 1851 and was headquartered in Denver, Colorado. It is an American-based company that serves many ways of sending money from one place to another. The Western Union is located worldwide, so you can quickly go to the nearest location and send money in a few minutes. There is a specific amount that is charged while transferring. However, the charges depend on where you want your money transferred. This convenient and reliable method of transferring money has different channels and options for transferring, delivering, and receiving money. Money can also be transferred from their mobile app and connect services.
Sending money across the globe through OFX is also the best and most convenient way. An Australian company, OFX, does its headquarter in Sydney. The OzForex was founded in the year 1998 and became OFX in the year 2015. This platform makes the steadfast and reliable transaction of transferring money. OFX is a currency trading service that enables it quick and straightforward for anyone to transfer currencies, move money abroad, and make foreign transactions. Over twenty years of operation, OFX has facilitated over £65 billion.OFX often offers you a cheaper currency rate than the market rate rather than charging you additional transfer costs when you send money abroad. With its favorable exchange rate, this OFX is well-known and suitable for money transfers.
One o the most consistent and steadfast ways of transferring money internationally is sending through Money gram, as this highly recommended American-based service launched in 2014. The company has its headquarters in Dallas, Texas. The corporation delivers its services to people and companies through a system of representatives and financial companies. The MoneyGram serves us with many locations where we can quickly go and do a transfer to any bank we want. The MoneyGram has also provided an app on the play store where we can download the app and register ourselves to send money in just one click. However, if you want to send money overseas, there is a specific currency exchange rate.
While summing up the above content, we can say that transferring money was a little harder for the previous generation as the world did not come across online services and methods of transferring money at that time. However, now a day, sending money aboard through mobile apps and the nearest locations has become more accessible. Above, we have mentioned some widely known methods and services of transferring money to your family in just a few seconds. All the services provide their users with an online transferring service. You can promptly download the app for these methods and send money anywhere and anytime. Read the above article and stay tuned for a more interesting one.
