Now many people send money abroad regularly. It is common for immigrants to send money to friends and family in their hometown. It is also common to send money to family members in the army or children studying abroad. This is just one part of many situations where you may need to send money abroad on a regular basis. You may have found that sending money abroad for the first time can be quite expensive.
Telegraphic transfer
If you are like many people, you will consider using bank telegraphic transfer to overseas first. This allows the funds to be deposited directly into other bank accounts within a day or two. However, many banks charge quite high fees for this service. In fact, it is not uncommon for banks to charge more than $25 for transfer services. If you remit money regularly, you may spend a lot of money in a year
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Many people use the Internet to transfer money to their overseas relatives and friends. One of the most commonly used transfer websites is PayPal. To do this, both parties must create PayPal accounts and transfer money as needed. However, there are usually costs associated with this approach. In addition, it will take several days to obtain transfer funds through the recipient’s bank account.
Prepayment debit card
Perhaps one of the cheapest ways to remit money is to use a Visa debit card. These are debit cards that can be reloaded without a credit check. The registration process can be easily completed online. At present, the registration card is free. With a Visa Debit Card, you can quickly and easily deposit money into the card, and recipients can quickly receive cash. You can also transfer money between two debit cards for free. Visa Debit Cards can be used in multiple locations around the world, and cash can also be withdrawn from ATMs.
Debit card cost
When registering a prepaid debit card, you can select several different programs. This can help you find the program that best suits your needs. Compared with other overseas transfer methods, the cost of using this card is very small. Some programs can reload funds into the card without charge.
For the cheapest way of remittance, the most clear answer is to use a prepaid debit card. They are not only the means of remittance, but also more convenient and faster access to funds. You can easily apply for one today. Once it arrives, you can start to use it to send money to your family overseas in a cheaper way than what you are using now.
