14 Sep 2022
It took about a few years to witness a sea change in how expatriates from around the world would send money online to their families back home to help them fulfil requirements they could not have fulfilled otherwise.
The advent of online money transfer companies completely changed the financial behaviours of expatriates. As someone who has spent time living and working abroad, you know that global money transfers can be complicated and expensive. But did you know that online money transfer is now the best way to send money home from overseas?
Here are three reasons why online money transfer is the best way to send money home from overseas:
You can send money online anytime, anywhere. And with most online money transfer services, the funds are available instantly or within a few hours. This means you don’t have to wait for days or weeks for the recipient to receive the funds.
When you send money online, the transaction is encrypted and secure. It means your personal and financial information is protected from fraudsters. Security of your transactions is the most critical aspect you must ensure when sending funds back home from a foreign country.
Most online money transfer services have lower fees than traditional banks. And with some services, you can even get a better exchange rate. This means more of your money goes to the recipient – not the bank. For instance, millions of expatriates trust ACE Money Transfer since the firm offers the lowest transfer costs with the best exchange rates in the market.
So if you’re looking for the best way to send money home from overseas, look no further than online money transfer. It’s fast, convenient, and secure, letting you save money.
Transferring money through the banks was one of the primary ways for the expatriates earlier. But it was a complicated process involving loads of paperwork, physical travelling to and from the banks, hazards of carrying cash and waiting for the holidays to end and working days to start.
Banks would also charge high service fees, uncompetitive currency exchange rates and the delayed transfer of funds that would take 3 to 5 business days and could extend further depending on several factors, including the volume of amount, time of initiating a transaction and the destination country, etc.
But, the launch of digital money transfer solutions by several companies, including ACE Money Transfer, affected international transactions in unique ways and added to the immense popularity of these new methods.
Mobile applications are inevitable today when digital money transfers have become an everyday norm. Let’s look at why most people love to use mobile apps to manage several day-to-day activities and to send money abroad to their loved ones.
Here are the top reasons why mobile apps are so popular.
Nowadays, you spend a fair amount of time on your phone, playing games, gathering information, and interacting with people.
Discussions about specific issues occur on the margins of doing other activities on your mobile phones; this is how technology has changed our behaviours.
You can directly connect with your loved ones and interact with them instantly. You can send an instant message, make a phone call, or respond to your friends and family while on the go. So, you don’t need to make specific arrangements to interact with your family and friends from abroad when you have mobile applications.
Conducting certain activities through mobile apps is certainly easier than doing them physically or through other means. Therefore, the usage of mobile apps comes in handy and offers ease.
Instead of running to stores and malls for shopping, mobile apps enable you to purchase from the comfort of your home or office. In addition, you can find many services available via mobile apps that ensure delivery of what you have purchased online.
The facilities several online money transfer companies offer expatriates have significantly impacted the size of global remittances.
With a payout network of more than 350,000 partner locations worldwide and a globally spread customer base, ACE Money Transfer is one of the top choices for overseas workers. The company offers a convenient and smooth process to swiftly and securely make a global money transfer swiftly and securely. ACE Money Transfer’s mobile application is super-easy and the fastest way to transfer funds back home from overseas. Here’s an overview of some benefits you get while using ACE’s mobile app.