Gambia has been an excellent remittance receiver for many years. A considerable population of its citizens are working abroad, to take care of their families and loved ones. As this is still a poor-middle-class country, it’s difficult for people to fulfil their needs by earning in Gambia. Low education status, lesser opportunities, weak economy and poor lifestyle are some of the many reasons due to which people have migrated permanently or temporarily to other countries, especially the UK. From there they often send money to Gambia, as this is necessary to fulfill the needs of their loved ones.
Due to a high number of Gambians in other countries, every other person needs to have a good online money transfer service. International cash transfer has progressed very rapidly in society. Other then the rates, fee and policies, one important question about the IMT is that how much time will it take? Time is money, and if the beneficiary doesn’t receive your cash at the right time, then all your efforts may go wasted. Thereby, Here is a short review, on the transfer time that you must check before you send money to Gambia online.
1. Do You Ever Try Bank Transfer?
If you use a retailer bank, then the transfer takes 1–5 business days mostly. If the money is sent between two branches of the same banks, then it takes 1–3 days. However if it is sent from one bank to another, then it will take 1–5 days. Some people do not consider the term “business days” correctly, that ends in the late transfer of the payment. For Instance, if you are sending money on Friday, then Saturday and Sunday are not working days officially. So the five days needed for your cash to be transferred will be Monday to Friday.
Therefore, if you need to send money within 5–7 days, then keep the off days in your mind and schedule your transactions according to that. In most cases, money is transferred before five days but keeping a margin is important.
2. What About Online Transfers?
Due to the advent of mobile banking, online transfer and transfer apps, it has made it possible for people to send money online fast. If you ever come across an emergency where the money has to be sent within a day or in some hours, then the immediate transfer facility can help you. Some companies can transfer your money within the same day. Some can transfer your payment within an hour while some of the most modernized companies can deliver your payments within a few seconds too!
This service may cost a little bit more than regular transfers, thereby always keep in mind to check the extra fee that you’ll have to pay after using immediate services. Different well-known companies such as ACE Money Transfer can help you in sending money at the quickest pace. Other than that, their rates are optimized, and service charges are minimum. If you want money transfer to Gambia quickly and safely, then ACE Money Transfer is the best choice for you.