The number of people who have to send money to Gambia and other countries increases every year. This is because many people from developing countries are now moving abroad so that they can have better educational and working opportunities. On the one hand, there are a lot of channels through which one can carry out international remittance and transfer, but at the same, many people seem to be intimidated by the process through banks.
Here are the most commonly and frequently asked questions about sending money online and the role of banks in these international transactions. Finding answers to these queries will surely help you carry out international money transfers with ease and convenience:
1. From where can I send money to Gambia online?
Thanks to the latest technology and the internet in particular for making life easy, now it is possible to send money to Gambia online from any part of the world. No matter where you are, simply visit the nearest bank or go to the website of ACE Money Transfer; not only this, you can send money to your loved ones from your place of comfort with just a few clicks from your mobile application. You will be directed towards how you can send money back home to Gambia. Before the advancement in technology, money transfer abroad was a very time-consuming and risky process due to a lack of proper channels. Now all the money transfer companies are monitored and regulated by financial regulatory authorities to protect citizens’ money and stop terror financing and money laundering.
2. What are the different ways through which I can send money to Gambia?
There are plenty of channels through which you can send money online. The most popular method in this regard is the use of banks to send money. But there is also the option to rely on any money transfer service provider or use mobile apps that can be used for international remittance. There are specific mobile wallets that also provide this facility to the users.
3. How much does it cost to send money to Gambia?
The cost of international money transfer is usually the factor that most people are generally the most concerned about. There is a general misconception that the price of international money transfer is constant and remains the same. But in reality, the cost of sending money to the home country is determined based on the currency’s exchange rate and is constantly changing. Therefore, one can never be a hundred percent confident about the amount of money spent in this regard. It is recommended to ask the service provider to get an estimate. But there are service providers like ACE Money Transfer providing high exchange rates and the lowest fee for international money transfers.
4. How long will it take for the money to reach Gambia?
The time frame required for the money to reach Gambia again varies depending on the channel you choose for money transfer to Gambia. The bank transfer is the method that takes the longest. It requires anywhere between one to three working days. But there are other service providers in the market like ACE Money Transfer that will send your money within twenty-four hours only.
The process of online money transfer to Gambia or another is straightforward and convenient. There is nothing to be afraid of when you send money to your family through an authentic online money transfer company regulated by money regulation authority, i.e. Financial Conduct Authority (FCA) in the UK. You can now be assured that your loved ones will receive the money without any hassle and on time as well.