A large of Pakistanis send money to Pakistan from foreign countries each year! I am one of those. See, living abroad seems like a dream for most people, but it is surely not a bed of roses in reality. The expense is a lot, and when sending money to the family is taken into account, the thought of saving money seems to be a dream only.
But despite the expense, I have to carry out an online money transfer to Pakistan to support my family living back home.
I have been living abroad for quite some time. And during these years, I have tried multiple ways of sending money that can help me carry out the transactions in an affordable manner.
I compared different ways to send money to Pakistan online and found that a money transfer company was the most affordable. They offered me the highest exchange rate, and despite the highest standards of quality.
They charge a minimal sum of money in the name of a transfer fee. And to top it all off, the entire transaction is transparent and free of any type of hidden fees or deductions.
But despite the choice of the right service provider, I still compiled a list of tips that helped me reduce the cost even more:
Why You Should Check the Fee?
The holiday season is the busiest season of the year. Most people wish to send money back home via money transfer services so their families can enjoy a good holiday and spread happiness.
This is the time where the service providers are highly occupied, and their transfer fee skyrocket. This means that people have to spend more money on the transfer. I send money with a low fee company so that I can avoid being charged more.
Why You Need to Keep an Eye on Exchange Rates?
It took me some time to understand the entire system of online money transfer to Pakistan. But after a while, I did understand that the exchange rate is a significant factor that affects the cost of international money transfer.
Now that I have learnt my lesson, I check the current exchange rate before utilizing any money transfer service. If I find that the exchange rate is a bit lower, I wait until it stabilizes.
This way, my family gets a handsome amount of money back at home. The service providers have the current exchange rate mentioned for the ease and convenience of the clients.
How to Avoid Hidden Fees?
I have concluded that having a detailed and in-depth conversation about the transfer fee with the service provider eases many troubles. I always get in touch with the service provider so that I am aware of the transfer fee.
And am sure that I am not being charged with any type of hidden fee. This means that I have to discuss with the service provider, but since it helps me save money, I surely don’t mind the extra effort!