Guide to sending
money to family abroad

Walk-in money transfer centers may be available in your area or at the airport, and you can use them to handle sending your money abroad. Be advised that using a company that sends cash is often more expensive than using a provider who only processes transfers online. This is because there are high overhead costs associated with retail outlets, so they add extra fees/margins in an effort to cover their costs of operating a physical location. Online transfer services, on the other hand, can often charge less because they don’t incur the same expenses.If you’re sending a sizeable amount of cash to someone overseas, keep in mind that there are also risks associated with collecting the money and many people aren’t comfortable walking around with a lot of cash in their pocket or purse.

Some money transfer services may accept debit card or credit card payments instead of cash. This often incurs additional credit card fees.

Some people prefer to send money to family in the form of a prepaid debit card that will then be used by the recipient just like cash. As the card is sent in the mail, this is often the slowest way of sending money to family abroad. The sender should also be certain that the prepaid card will work internationally. Fees may vary widely from one card to another and may include delivery fees, activation fees, and monthly fees.

You could go to your bank and transfer money from your account to the recipient’s bank account overseas. Whether you need to set up these transfers in person, over the phone, or online will depend upon your bank and the services that it offers. When transferring money overseas through your bank, you’ll usually pay a hefty margin of up to 5% on the exchange rate in addition to substantial fees.

An easy, secure, and fast way to send money to family abroad is through the use of an online money transfer service like OFX. After creating an account, all you have to do is fill out a form to have money transferred from your bank account to your recipient’s bank account. Transfers usually happen within 1-2 business days, and they’re secure from start to finish.The great thing about a service like OFX is the fact that you won’t have to deal with any cash, credit cards, debit cards, checks, or bank drafts. When you lock in an exchange rate with us, the rate is guaranteed, so you always know how much your recipient will be getting.