How to transfer money abroad?
Today, more and more people send remittances to relatives and friends around the world. If you want to join them, then you should know how to transfer money abroad. And this can be done in various ways.
Money transfer systems
You can transfer money abroad using one of the international money transfer systems. The most popular are MoneyGram, Western Union, Contact and others. However, for this you will need to find out from the recipient of the money, how his last name and first name are spelled correctly, as well as the country and the name of the city where he will receive the money. The advantage of this method is the speed of delivery of money to the recipient, and the disadvantage is the rather high cost of transfer.
You can also send money by bank transfer. The procedure will be simplified if both you and the recipient of the account are opened in the same bank. In this case, you can easily transfer the required amount from the account to the account.And if in your city there is a branch of the bank whose client is the recipient, then you can simply put cash into his account. To send money in this way, you will have to submit an identity document.
If the recipient has an electronic wallet, then you can transfer money to it. In this case, it is necessary that both you and the recipient use the same payment system. To make a transfer, you will need to ask the recipient’s wallet number. The funds will be transferred instantly, and the transfer fee will depend on the payment system. The transfer of funds using the methods described above guarantees the receipt of money and eliminates the fact of theft. Thus, there is no question how to transfer money across the border, since you can transfer any amount in such ways, while exporting cash from the territory of the country is strictly limited.