Do you know how expatriate Gambians send money to Gambia? In a crisis, remittances can help raise living conditions; private remittances accounted for 15.6 per cent of GDP in 2019, boosting consumption, investment, and poverty alleviation. According to a survey conducted in August 2020, money transfers from abroad were among the top three sources of income for 16.0 % of Gambian households in the last year (compared to 8.3 per cent in Senegal). As the diaspora steps up to aid during localized emergencies like the Ebola epidemic, remittances can be lifelines.
How to Get the Best Deal for Online Money Transfer?
There are several choices available to you if you want an online money transfer to Gambia. For people who need to move money daily, the last few years have been fantastic. Sending money abroad doesn’t have to be expensive, whether it’s sending money to a family member who lives abroad or paying bills in a foreign house. Although some banks charge as much as £25, there are cost-effective ways to avoid being exploited. w Few minutes’ research will show you how to submit money cheaply and tell you everything you need to know about your funds’ various types of money transfer service.
What Are The Factors I Need To Consider For International Money Transfers?
When choosing a service to send money overseas, pay attention to the service charges’ exchange rates and fees—not all services charge the same price. Although Banks charges a hidden fee for international money transfers and specific exchange rates are different from one service to the next.
Money transfer to Gambia & other developing countries can be challenging; not all payment processing services are available in every country. Some don’t provide reasonable exchange rates, and locating a cash pickup location near your recipient can be difficult if you are not using an advance money transfer service.
ACE Money Transfer is the only service that doesn’t charge money transfer fees and has a more robust exchange rate than the competition. Users can currently send money to people in over 100 countries and 23 sending countries around the world. Using the ACE Money transfer service, you can send money to Gambia online and receive it in your bank account and do not need to visit cash pickup points. You can receive funds in a mobile e-wallet as well.