How to Transfer Money Fast Overseas

You can choose from a variety of options for sending money overseas. You can visit any remittance center (a place where money can be sent) in person. For example, you can find money transfer services in supermarkets, convenience stores, drug stores and in stand-alone businesses such as MoneyGram or Western Union.

 

Complete a cash-to-cash transaction in person. You can go to a walk-in center like Western Union or MoneyGram to send money overseas using cash. Western Union has over 500,000 locations around the world, and MoneyGram has almost 350,000 locations worldwide. You can find a Western Union and MoneyGram locations by visiting their websites. You can also find money transfer services in supermarkets, convenience and drug stores and at Walmart.

Fill out the “Send Money” form, indicating the amount you want to send, how fast you want the money to arrive, and how it should be delivered to the recipient.

 

Transfer money between bank accounts. You can send money from your bank account to your recipient’s bank account. Or, if the recipient doesn’t have a bank account, you can still use your bank account to fund the money transfer. These transactions can be completed online with money transfer services like Western Union or MoneyGram.

Go to the website of Western Union, MoneyGram or other money transfer service you wish to use.

Create a free profile using your email address, phone number, home address and a password.

Click the button that says, “Send Money Online Now.”

Enter the dollar amount you wish to send in U.S. currency and the location to which you want it sent. The website will exchange the dollar amount into the local currency amount at the recipient’s location.

 

Use a debit or credit card. You can use a debit or credit card to fund a international money transfer either in person or online. If going to the money transfer office in person, fill out the paperwork at the office, only use your credit or debit card to pay for the transaction. Similarly, when creating a money transfer online, click on “credit card” or “debit card” when entering payment information.

Credit card transactions can be more expensive than cash transactions. The money transfer office may charge you a fee for the credit card transaction. Also, your credit card issuer may treat the transaction as a cash advance, charging you a fee and a higher interest rate on the transaction.

 

Access a money transfer service on your smart phone. Use the browser on your smart phone to log in to a money transfer service. The process is similar to using an internet-enabled computer. However using an app on your smart phone offers some extra conveniences.

For example, you can download a free PayPal app that lets you text funds to a recipient’s phone or email account.

One issue with this option might be an inability or a difficulty in converting this payment to physical currency on the other end, so this method is generally useful if the recipient doesn't need cash.

Source : www.wikihow.com/Transfer-Money-Fast-Overseas