Finding ways to transfer money to friends and family members without spending a ton of money is probably something you are passionate about. One of the best ways to transfer money around the world with minimal effort is by using one of the many money transfer services on the market. Whether you are attempting a domestic or international money transfer, finding the right service to help you is crucial.
With all of the different money transfer services on the market, choosing the right one can be difficult. One of the first things you need to consider when researching a particular money transfer service is the rates they charge for their assistance. Below are some of the best money services with low rates.
XE is a Great Money Transfer Service
Over $610 billion gets wire transferred around the world every year. One of the most popular services used to transfer money around the world is XE. This money transfer service is operational in over 170 countries and provides its clients with enterprise-grade security. With this security, users can rest assured that their sensitive financial information is protected.
The nearly 40,000 reviews this company has on Trustpilot are very good. Using XE to transfer your money allows you to take advantage of things like:
- No transfer fees
- 24/7 account management
- Transfers to over 170 countries
- Over 60 currencies supported
If you want to start using the services offered by XE, you need to make an account. During this account setup process, you will need to enter things like your Social Security number, name, occupation, and address.
WorldRemit is a Good Option
If you are looking for a money transfer service that offers a number of different methods to send money internationally, then WorldRemit is a fantastic option. With their money transfer service, you can send money via cash pickups, mobile money, or bank deposits. They charge low fees and provide an easy-to-understand exchange rate.
Choosing to use this transfer service is beneficial because they provide things like:
- Support for a wide range of payment methods
- Lots of money delivery options
- The ability to transfer money into over 150 different countries
- Secure encryption for customers
- Fast transfer speeds
You can start using WorldRemit by making an account on their website. When setting up this account, you will need to have a valid proof of your address.
Check Out Payoneer
Large companies like Amazon, Google, and Airbnb use Payoneer when making mass payments to vendors. If you use eCommerce marketplaces like Fiverr or Walmart, then you have also encountered the Payoneer brand. This money transfer service has both low fees and the ability to transfer money into over 200 different countries and can accept over 150 different currencies.
If you choose to use Payoneer for your money transfer needs, you can take advantage of things like:
- Worldwide infrastructure
- Low transfer fees
- The ability to generate custom invoices to request payments from clients
You will need to enter in personal details to set up an account with Payoneer. Once you have entered this information, the Payoneer team will run a credit and identity check before verifying your account. This can take up to two days. After your information is confirmed, you can start to send and receive payments with the Payoneer system.
It’s Time To Choose a Money Transfer Service
As you can see, there are a number of money transfer services on the market. By using the information in this article, you can start to narrow down your options with ease. The time invested in researching all of your options will definitely be worth it.