Are you searching for a way to send money to your family? If you are one if the billions of foreign workers who are working abroad to support your family then you surely will need a way to send money. It is no more a matter of worry. You would find plenty of ways to transfer funds abroad, but keep in mind that some methods are more costly than others. It is important to be aware of currency exchange rates, transfer fees, and remittance float and also the time it will take to reach the destination. It is also important to consider the serious delays faced by the sender and receiver of the money caused by sending money through cash or check.
HOW REMITTANCES CAN BE SENT?
It is easy to send money through companies such as Western Union and Money gram since they do not require a bank account to send international money; the reason why many people prefer to send money through these companies. The negative aspect of these services is that using these methods you have to pay an additional fee as transfer charges. There are also other companies which help you to send money without paying too high charges like Ace money. Money can be sent electronically which is the easiest way.