Here's a checklist!
Money is everything! Isn't it? Well, that's the fact if we think little practically. Everyone is striving in the world just for this. While those traditional days of visiting banks or nearest post office for sending money to someone are absolutely gone now. Today, time is more important to many people as compared to money. People don't mind spending a few pennies more if that even saves their few minutes or hours.
With the advent of technology, today we have so many ways by which we can transfer money nationally as well as internationally. If you go a few years back, sending money internationally used to cost a big heap to the sender. However, today there is a tough competition in the field of remittance too. A lot of remittance providers are working too hard to keep their customers happy with the best rates so that no other company attracts their customers. As a customer, you have so many options to choose from, let us review some points which can help you choose the best remittance service for your international fund's transfer:
You might want to send money to a receiver who does not have a bank account. In this case, choose a service provider which can make the funds available in cash. So, check with the service provider about the collection options they offer to recipients. RemitGuru provides remittance services in the form of demand draft in special cases.
Today, most of the senders prefer sending money online from their bank account. However, in exceptional cases, if you want to send money by demand draft or a cheque, check with the service provider if they have this facility. Definitely, the transfer time will be affected with respect to the payment option. You can also do a SMS remittance using RemitGuru's SMS remittance facility.
Now this is the most important criteria which as a sender you look into! Usually, many foreign exchange service providers cost comparatively less fee than banks. Today, many companies even have special offers every day and some promo codes and deals for its new customers. So, don't forget to look for these even if you are an old customer. Remember, the company doesn't want to lose you!
Again the most important factor! Exchange rates keep varying at any time of the day. So, compare the exchange rate of some service providers and then select the best one. Now here?s the trick! Some online transfer companies will match competitor's quotes and give you some offer for the next transaction. Don't forget to look for such offers also! You may save some great amount for you shopping next time! In addition, there are many remittance providers who also send you notifications about exchange rates; so you may decide to send the money when the exchange rate reaches your expectations. For example, RemitGuru has recently launched their Exchange Alert feature, which is one of the best features that many customers have liked recently.
Transfer amount limits:
Check the service provider transfer fee and their minimum and maximum transfer limit. Here, you can analyze whether your international money transfer is cost-effective or not. There are also some companies which enable you to send even a small amount as US$1. Now, don't forget to look if some providers waive off your transaction fees for large transfers.
The most important of all! As a customer, you might have a lot of issues ? transaction fail, but money deducted from customer's bank account, which is a common problem that increases the heartbeat of many customers! So, a 24-hour and most efficient customer service is what you should be looking at.
So, be ready with these options and choose the best international money transfer service for you. Don't forget to look for their offers and enjoy them while you spend money!