How to Transfer Funds Internationally.pptx

1
How to Transfer Funds Internationally

• Need to transfer international funds to family or
  friends in dire need of foreign currency as
  quickly as possible? This is one area where it
  really pays to shop and compare, because fees
  from service to service can vary wildly.

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Way to Transfer Funds Internationally

• Sending Money With a Special Bank Service
• Sending Money Using a Wire Transfer
• Sending Money Using a Prepaid Debit Card

3
Sending Money With a Special Bank Service

• Some large banks offer special remittance
  services that allow you to transfer money abroad
  less expensively than using a wire transfer.
  However, the list of destination countries is
  typically less extensive than it would be using
  PayPal or a money transfer service like MoneyGram
  or Western Union

4
Sending Money Using a Wire Transfer

• Wire transfers are among the most expensive ways
  to transfer money
• internationally, typically costing 30-60, but
  they have much higher
• available limits than do most other methods of
  transferring funds. So,
• before you conduct a wire transfer, make sure
  that you are sending an
• amount of money too large to send another way.

5
Sending Money Using a Prepaid Debit Card

• There are several companies, such as Akimbo, that
  offer prepaid
• debit cards with the capability of sending money
  abroad.Each
• brand of prepaid card will have its own set of
  fess associated with
• its use, but at the minimum, expect an activation
  fee. Some card
• also charge fees for loading money onto the card
  and
• withdrawing money from it.

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