Tips & tricks to Transfer Money Abroad

Posted on Oct 23, 2021 by Lucas Brasil

Most people who move overseas do so to create a better life for themselves and their families. This can result in an overwhelming sense of responsibility to care for your loved ones at home. Even when you have the will and the resources to do so, transferring money abroad can feel like rocket science. Did you know that mobile top-up plays an indispensable role in safe transfers? Find out how.

1. Use Western Union

Western Union is one of the most commonly used methods for transferring money overseas. Its branches are as accessible in the U.K., U.S., and Canada as it is in developing countries. The fees are also reasonable and there’s a handy app, so you don’t need to wait in line to get the transfer process started. In some countries, money received can be deposited directly to a bank account via the app. Use online mobile recharge to ensure the recipient has data.

2. Use MoneyGram

MoneyGram is arguably Western Union’s biggest competitor in most regions. Other competitors include Wise, Xe, and CurrencyFair. Like Western Union, MoneyGram now also sports an app, which makes it easy to send money abroad without ever joining another long line. Its fees are also reasonable and generally match whatever Western Union offers in the respective region.

3. Pay Online Bills

Corporations and government organizations around the world are now transitioning to apps and online bill payment options. This generally includes schools, utility companies, and even tax agencies. Skip the middleman and associated fees by paying the bills online instead of sending the money to your family to do so.

4. Send Phone Credit

Communication is likely one of the biggest expenses your family has to cover when you or other family members live overseas. Use Natcom recharge or other relevant options to cover the cost, so the whole family can stay in touch. This also ensures that your family can reach you easily in the case of emergencies, which is particularly important for grandparents and aging parents.

5. Share a Card

It is sometimes possible to share a debit card with someone overseas. This will require some research to determine which bank in your current country has good relationships with the banks in your home country. Look for an arrangement that will allow fee-free use and reasonable exchange rates. The user may sometimes need information sent to your personal phone, so use mobile top up worldwide to make it easy for them to reach you.

6. Give Cash in Person

Is there anything as exciting as when your family comes to visit? Be sure to use Digicel international top up online, so they have enough phone credit to contact you for emergencies during travel. This is also a good time to give them cold, hard cash to bring back to their respective countries. Be sure to check the laws in your host country and home country to determine what the legal limit is.

There are many creative and legal ways to send money overseas, but laws do vary across national borders. Be sure to check with the local laws and your bank before making a choice.