Money Remittance Explained
Whether you’re looking to send money to the Philippines to support your extended family or exploring Indian money transfer options to help your spouse, you’re probably simultaneously excited by and dubious about the prospect of sending money online.
Is it safe? What are the benefits? Is it right for you?
This practice – generally known as “money remittance” – can be accurate, safe and cost effective provided that you choose the right company and follow all applicable laws and regulations.
Here are some of the benefits:
Better foreign exchange rates
Should you use a banking service or an online service? Which will give you better rates? Depending on your situation, you may be able to get a better foreign exchange rate online.
Speed and ease
Odds are that you are pretty busy here in the United States, growing your career and also trying simultaneously to get used to the culture and the language. An online money transfer can be a faster, more efficient way to send money internationally — you won’t have to take time off from work to go to the bank or wait in a long line.
Enhanced security and safety
Not all online money transfers are safe – not by a long shot. You really need to do due diligence to find companies that have a trusted track record and that also have the resources, software and technical know-how to ensure good service and protection.
Using traditional methods of money transfer, you may have to pay commissions, bank fees, and other charges – these may not add up to much over a single transaction, but over time, they can become quite substantial and cut into the amount of money that you and your family can use.
Our friendly team here at Lucky Money would be happy to answer your questions and provide you with assistance throughout the process.
Start Sending Money Online Now!
Call us toll free at 1-888-826-4427 to begin your money remittance service! And remember, your first transaction is free when you pay with your U.S. bank account.