Did you know that more than 83 billion USD was sent to India in 2020?
Many people in the United States send money to India, China, and Mexico for various reasons.
Whether you have a child going to school overseas or want to send money to family members, there are easy ways to get the job done.
Continue reading to discover the best ways to send money now to another country!
Bank to Bank
One of the most common ways to send money now to another country is through your bank.
Banks that have locations in other countries or work with international banks will help get your money where it needs to go. By checking Transferly, you can find the best rates for sending your money, without having to pay all of the extra fees.
If you want to send money from bank to bank, you will work with a personal banker. They will help determine how much money will be sent and the expected exchange rates.
Digital Wallet
Getting fast money to another country can be difficult, but digital wallet transfers help make the process easier.
Digital wallet companies include PayPal, Apple Pay, and Google Pay. Many people use these companies within the United States and don’t realize that they can help when sending money overseas.
Make sure that the party receiving the money also has the application that you will be sending money through. They can easily be downloaded on phones, tablets, or computers.
Prepaid Debit Cards
If you are looking for a way to send money to another country, you can consider prepaid debit cards.
Although not all countries have this option, it still works in most UK, Mexico, and India. Prepaid debit cards allow you to upload money directly to a card, and transfer fees will be applied to the amount.
The only downside of using this option is that you will have to deal with the exchange rates and other types of fees, which can cost you more in the end.
Cryptocurrency Exchange
Another common way to send money internationally is through a cryptocurrency exchange.
Since Bitcoin and other types of cryptocurrency are becoming more popular, this has become a common way to send money. This method works by depositing money through a bank transfer that will be wired to another person.
Many people have concerns about this method being unsafe; however, it is a secure transfer method.
Send Money Now to Wherever You Want
If you want to send money now to another country, there are various methods you can try.
By utilizing this guide, you can send money to people overseas or even to other accounts that you have. Technology has improved, making it easier to transfer money and find the best rates possible. Although most banks can get the job done, there are other routes you can take that simplify the process.
Sending money doesn’t have to be a difficult or overwhelming task.
Be sure to check out our blog for more articles about how to get instant money and prepare for traveling!