facebook
Loading...
Call Us: 416-827-2626
Get your credit score.
Compare International Money Transfers
20180314074619-money_transfer.jpg

What is an international money transfer?

An international money transfer, also known as an international remittance, allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which exchanges the money into your desired currency and then sends the money to your recipient in another country.

Depending on the provider, a transfer can be done in person, over the phone, through a mobile app or online. Again, depending on the provider, you can use cash, a credit or debit card, or transfer funds from your bank account. Then, the funds will either be deposited into your recipient's bank account or mobile wallet, or made available as cash for them to pick up at a location in their country. Delivery of the funds varies from provider to provider.

Latest Posts

It’s expensive in Canada. Anyone can tell you that. Between overpaying for car...

Read More

What is mortgage default insurance? Mortgage default insurance is commonly refe...

Read More

Putting your money in a savings account is just about the safest thing you can d...

Read More

Almost half of all Canadians have at least one annual fee credit card. That mean...

Read More

Popular Content
Sitemap Updated On January 17, 2019. Copyright 2018. All Rights Reserved. RateShop.ca

x