Not all transfers are created equal. Depending on what you’re trying to transfer, where you’re transferring to, and what your time frame is, you may have different needs for your transfer.
Making a money transfer is a quick, simple process. You can make this process even easier for yourself by taking a moment to consider the details and whether they’ll have any impact on your transfer. If you know this, you’ll be able to select the best money transfer company and make the right transfer for your objectives.
Ready to transfer? Make sure to ask yourself the following questions.
1. Where are you transferring money, and in what currencies?
Be aware: not all transfer providers are created equal. Make sure that your facilitator of choice can make a money transfer to your chosen location and in your currencies.
If you are making a transfer to a smaller currency, your transfer could potentially take longer to complete than a transfer between major world currencies.
What should I do? Double-check with your money transfer provider to ensure that they can make a transfer in your chosen currency to your destination of choice.
2. What’s the current transfer rate?
The currency values and your rate will make a big difference in how much money you’ll need to transfer. Even if you just checked the rates yesterday, the motion of the markets and current world events could have a major impact on your chosen currencies and give you a different rate today.
What should I do? Plug your currencies into the Currency Converter to get a glimpse of the current rate for your transfer.
Are you looking for a particular rate? Set a rate alert to notify you when your ideal rate is live.