Looking for the best method of sending money abroad? The good news is, it a whole lot easier than you think depending on what side of the world you are in. In this article, we will assume you are based in the UK and looking to send money to someone, someplace in USA, Africa or Asia. You have 2 easy ways to do so. They are:
Use Western Union Money Transfer
No doubt the fastest, safest, and easiest; Western Union Money Transfer allows you to send small amounts of money to anyone in most part of the world with a branch office and they will receive it almost instantly – without any delay. All you need to do is either go online check the live dollar rate or other currency and follow the steps provided or visit one of the branches closest to you.
If you prefer sending money online, you will need a profile so create one if you don’t already have it. You’ll also need a credit card or a bank account linked with your profile from which money will be deducted each time you send. You will also pay a certain percentage depending on how much you are sending at a time.
After each send, you will be provided what is called a Money Transfer Control Number (MTCN). You will also have the option of filling in a security question and an answer. The receiver will need both the answer and the MTCN to successfully cash the money and you will be notified as soon as they do so.
Use Bank Transfer
Another method of sending money abroad is via traditional bank transfer. However, this usually takes 3 to 5 working days to process unlike the Western Union Money Transfer described above. That said, you may need an account with the bank if you choose to be sending money abroad through them. Banks too charge commission each time you send because that is how they make their own money to stay in business.
These 2 ways of sending money abroad are highly effective so the choice is yours to make depending on your location, that of the receiver, and how much you are sending.
To find todays dollar rate live, then visit Live Forex where you will find pound yen live rate and other currency rates updated every minute.
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