Monday, 7 May 2012

Money Transferring to Thailand – Explore the Options (Part II)

Send Money Overseas
Send Money Overseas
The most known option of money transfer to Thailand is via banks. However, this option has restricted use as only the bank account holders can utilize this facility. The banks take responsibility to directly debit the sent money  from the sender’s bank account and update balance is entered into the person’s bank pass book.     

Wire transfer is another option to Send Money Overseas. The companies offering wire transfer service are dime a dozen. These companies have their own websites. These sites have some easy-to-comprehend steps following which one can quickly send money without visiting the companies in person. 

One of the most popular and convenient methods of money transfer is re-loadable debit credit cards.  The use of this method is on continuous rise. It is because usage of debit credit card is not only simple but also safe. It is a cost-effective option of money transfer and that may be the reason of its popularity. With the lowest transfer rate being anchored at $5, it is a pocket-friendly solution for those who are to send money more than often.  

The reason of this money sending option being cheaper is you can fund it through both over phone and via internet. The money is directly sent to the person in Thailand and the sender is allowed to set up a link between the card to a checking account, debit card or credit card.

Neither the sender nor the receiver needs to be worried in the event of loss or theft of the debit cards. When a person sends money, he needs not be worried about the security of fund because it is always a secret until the PIN is not divulged to others. If the card is lost or stolen, what you need to do is to report to your bank and it will arrange for a replacement card.

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