Metro

  • Written by News Company


Mainstream banks can charge as much as $20 just to process a basic international money transfer. Fortunately, today people are not doomed to handling personal finances only through mainstream global big banks. There are numerous independent financial platforms and companies, which offer much more competitive rates.

In this article we will try to cover the basic tips on cutting the transfer fees, therefore sending money online cheaper.

Which features are important to YOU?


There is a literal abundance of remittance services online. A simple Google search of
“send money online” pops out thousands valid results. You can send money with all of these companies, however, each of them offer different benefits, features and quality of service. So what are you looking for exactly?


Transaction speed

First of all, decide if you are in need of an urgent payment that you are ready to pay more to have it deliver within seconds or you are ready to wait few days to cut costs and save money on additional express delivery charges.


Safety and reliability

Smaller everyday transfers or purchases don’t require any special approach, however once in a while you mightl need to send a significant and important transfer. Then, it’s better to not test some random company, but choose a well-established and trusted platform.

Still, the safest transfers are processed by large banks, as there are strict financial regulations and transparency, as well as well-developed and advanced systems. It all prevents them from simply running away with your money and disappearing.Alternatively, you can also choose a reputable platform like for example PayPal, which has been on the market for many years now.


Transfer costs

And here we move on to the most important aspect. This part is not as straightforward as you may suppose, as in some cases the transfers with the lowest fees turn out to be quite expensive after adding to the calculation various hidden charges or biased exchange rates.

Be careful of “free” or very cheap international money transfers. They don’t charge you for the transfer itself, instead they hide the costs in currency conversion fees.


How to choose the best remittance service?

Research and compare

So with thousands of different offers, how to choose the best one? There are many places online where you can find in-depth analysis of the hidden costs and overall ratings and reviews.

For example, you can use Wirly.com which researches and tests the remittance companies, sorts them based on different categories and lets you compare how much you will pay for the same transfer at different transfer companies. Such calculator is quite convenient as you will see that there can be even a $20 of difference between top services. It’s better to save these 20 bucks than get overcharged.

Read reviews

Before making your first transfer, it’s also important to check the customers reviews online. The most popular place to do this for many are Google Reviews or TrustPilot. Look through the negative comments and check if the company won’t scam you. It’s not worth it to choose the cheapest option if the website and information about the platform seem suspicious. You don’t want to lose your money. Here you can read TransferGo review, MoneyGram Review, Remitly Review or WorldRemit Review. Get familiar with all of these services and read these in-depth overviews to learn both advantages and disadvantages of different providers.

Business News

MODEL/ACTOR THORN CASTILLO IS THE “NEW FACE” OF SCHICK STYLIST

In 2019, just as his multi-faceted career was taking off, Thorn Castillo heard Robert Downey Jr. offer a sage bit of advice during an interview on photographer/director Sam Jones’ acclaimed multi-platform series “Off Camera.” The two-time Oscar n...

News Company - avatar News Company

New Research Highlights Opportunities for Sports Betting

Revenue Stream for Sports’ Post-COVID-19 Recovery Strategies New Rochelle, NY, June 1, 2020— Twenty-four states have now legalized sports betting, with more states considering legalization later in 2020. Already, one in six (14%) U.S. adults...

Len Stein - avatar Len Stein

How to make overseas transfers easier?

Mainstream banks can charge as much as $20 just to process a basic international money transfer. Fortunately, today people are not doomed to handling personal finances only through mainstream global big banks. There are numerous independent fin...

News Company - avatar News Company

The flourishing international market of fragrance and perfume

There is something special and unique about the art of fragrance. This is a big world and there are quite literally a lot of smells around at any given time. In fact, as one of the five human senses is smell, we are engaging with the world and those ...

News Company - avatar News Company

Impact of good marketing on sales

Sales and marketing are brothers as they go hand and in hand. The job of both of these departments is to generate revenue so that an organization can make money. A company that does not generate revenue will eventually shut down. Marketing means to...

News Company - avatar News Company

Entertainment News

COVID-19: A MUSIC INDUSTRY KILLER

Fifty years from now—long after Covid-19 has run its course—what will historians say about how we handled this pandemic? Will they praise us for a job well done? Or will they marvel, instead, at the viral panic that led to such irrational, cont...

David P Hatherill, PhD (aka Dr Dave Smooth Jazz Recording Artist) and John Sack, MD - avatar David P Hatherill, PhD (aka Dr Dave Smooth Jazz Recording Artist) and John Sack, MD

NEW MUSIC AND VIDEO: AV SUPER SUNSHINE “X File: 8675309”

One of the most iconic phone numbers in rock history, 867-5309 began life scrawled under the name “Jenny” on a bathroom wall in 1982 – the year the band Tommy Tutone took the single to #4 on the Billboard Hot 100. Nearly four decades later, thank...

News Co - avatar News Co

COVID-19'S EFFECT ON THE MUSIC INDUSTRY

The Covid-19 pandemic is affecting the music industry in ways that could ultimately turn it on its head not only during the pandemic but, perhaps, permanently. Since its inception, the business model of the music industry has remained largely un...

Brandyn Cross - avatar Brandyn Cross

DAWGGONEDAVIS ft. Chago G Williams “No More”

“No More” In a year that’s been brutal universally and personally on so many levels – particularly for music artists dealing with the ongoing loss of gigs and the normal ways to keep fans engaged – Rebecca “DawgGoneDavis” continues to break g...

News Company - avatar News Company

POWERHOUSE Indie Band GREYE Releases “Growing Pains”

Hannah Summer, unpredictable musical provocateur and fiery front person for Daytona Beach, FL indie powerhouse Greye, says that when she’s penning her lyrics, the imagery is always the most refined version of whatever obscure thought happens in h...

News Company - avatar News Company

SHERYL LEE RALPH MAKES DIRECTORIAL DEBUT AND SO MUCH MORE

October is Breast Cancer Awareness Month and Sheryl Lee Ralph will make her BET Her TV directorial debut with the film “Like, Comment, Subscribe” on Saturday, October 17th at 7pm EST. The film shares the life of a beautiful young social media inf...

News Company - avatar News Company

Writers Wanted


News Co Media Group

Content & Technology Connecting Global Audiences

More Information - Less Opinion