Four Reliable Ways of Transferring Money Overseas - PowerPoint PPT Presentation

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Four Reliable Ways of Transferring Money Overseas

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Overseas money transfer process needs to be highly secure. Check out some of the reliable and secure ways of sending money overseas. – PowerPoint PPT presentation

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Title: Four Reliable Ways of Transferring Money Overseas


1
Four Reliable Ways of Transferring Money
Overseas
2
  • Money transfer services are broadly used by many
    people around the world.
  • However, most of them have a common concern of
    exorbitant charges, security, and delivery
    timings. As a result, most of them look out for
    alternative means of moving money.

3
There are various methods of moving money across
the globe. Here are four reliable means that are
cost-effective, secure and fast.
  • Bank Remittance
  • Wire Transfer
  • Bank drafts, Cheques, Money Orders
  • E-transfers

4
Bank Remittance
  • For decades, banks have been considered the
    safest means of relegating funds to different
    countries.
  • With the advent of internet, several established
    banks like YES Bank are now offering quick online
    money transfer services to their account holders.
  • Such services carry reasonable fees that are
    lower than the other relegating agents. Moreover,
    they also provide the best exchange rate.

5
Wire Transfers
  • This mode of transfer is linked with banks, but
    is not limited to the account holders.
  • Wire transfers can be initiated by any
    individual, and you can transfer funds to any
    other account in the world using it.
  • Wire Transfers use the fast and secure SWIFT
    system to move and deliver money.

6
Bank drafts, cheques, money orders
  • These native modes of funds transfer are
    available with every bank around the world.
  • They are relatively safe and you will have to do
    some amount of paper-work before you actually
    initiate a transfer
  • Moreover, this method is somewhat slower and
    your recipient will have to wait for 2 to 3 days
    to receive funds.

7
E-transfers
  • Different online companies (E.g. PayPal) are now
    providing payment and remittance portals to
    transfer money across countries.
  • Such portals are fast, secure, and you recipient
    receives funds within minutes. However, you will
    have to be savvy to choose the exchange rate
    while transferring funds.

8
THANK YOU
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