Overseas
money transfer has become much easier and faster now. Furthermore, due to high
competition in this field, money transfer centers are providing their service
at much cheaper rate. Yes, this is quite of good help for those who require
frequent fund transaction to financially support their family members or pay
for medical bills or for other obvious reasons. Let us now take a closer look
at different money sending options as well as cost and delivery time related to
it.
Online Banking
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| Send Money Overseas |
Most
probably, it is the easiest way to Send Money Overseas. Online banking allows you to
transfer money directly to others’ accounts, no matter whatever your purpose
is. You just need to set up an account and make transfer through it. However,
the account number and transit routing number of the recipient are a must-have
for you to transfer money. Money transfer through online banking takes 2-4 days. It is highly reliable mode of
overseas money transaction. As far as charge is concerned, some banks offer
cost-free service for online banking.
Transit Routing Number
A
transit routing number is popularly known as ABA number or RTN
(Routing Transit Number) or check routing number. The number is basically a 9-digit code to identify the branch of
the bank and its location. At the time of online money sending, you will ask to
provide this number.
Wire Transfer
For
a large bulk of money, wire transfer is a good solution. However, you need to
pay for ‘through wire’ money transfer service. Fee varies from one transfer
house to another, however ranges between $10
and $15. High speed is what has made wire transfer one of the most popular modes
of money sending. Usually, money delivery is done within the same working day. As
large sum of money is transferred, so the centers offer high security.
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| International Money Transfer |
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