Money Transfers
Tips to Send & Receive Money Safely
Sending and receiving money are a fact of life for many people. We either send money to family back home, or receive it from relatives working abroad. But just because remittances are this sort of common occurrence for you personally doesn’t mean you must become careless.
Here are our some tips to keep you and the loved ones safe when Sending and receiving money. |
- Always remit through official channels
It’s always easier to use official registered channels for sending money. They’re faster, safer and also reliable. What’s more, you will get receipts and confirmation messages for relief. Official remittance houses and funds transfer brands are vetted by regulators and central banks, and constantly evaluated. So you know you’re in safe hands.
- Don’t carry huge amounts of cash conspicuously
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This might appear to be stating the most apparent. But in GCC countries customers frequently get lulled into carelessness as a result of very low crime rates. While snatch and runs are relatively rare during these countries, an opportunity can never be entirely eliminated. So be mindful, and see yourself when carrying cash.
- Check for bank partnerships and digital partnerships
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Eliminate the hazards of carrying cash by not carrying cash altogether. Sometimes, in case your money transfer organisation has tie-ups with the bank, you could make money transfer straight using your online banking platform. Meanwhile, your beneficiary doesn’t even really need a banking account.
For instance, Xpress Money has partnered with various banks permit the bank’s customers transfer money online. |
Xpress Money handles the transfer, and beneficiaries can collect their funds at an Xpress Money or partner outlet wherever they're.
Many countries provide mobile wallet services – where funds could be sent instantly to a mobile device with all the utmost of convenience. Check if that’s possible.
Many countries provide mobile wallet services – where funds could be sent instantly to a mobile device with all the utmost of convenience. Check if that’s possible.
- Never pick-up cash on the table
It’s never recommended that you try and get cash on behalf as someone else. Your remittance house asks for proof identification before releasing the cash, and pretending to get someone else is recognized as fraud.
Also, never grab a transfer you weren’t expecting, or one where you’re undecided of the sender. If the financial resources are black, or destined for nefarious purposes, you'll probably be treated as a possible accomplice lawfully.
We hope our some tips will help you remit safely, conveniently and legally. And remember that Xpress Money features a worldwide network of 160,000 outlets and some from the lowest transfer fees out there.
Also, never grab a transfer you weren’t expecting, or one where you’re undecided of the sender. If the financial resources are black, or destined for nefarious purposes, you'll probably be treated as a possible accomplice lawfully.
We hope our some tips will help you remit safely, conveniently and legally. And remember that Xpress Money features a worldwide network of 160,000 outlets and some from the lowest transfer fees out there.
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