How to Choose a Renowned Money Transfer Service in The Tough Competition?

With the advancement of technology, today we have so many ways by which we can transfer money nationally as well as internationally. If you go a few years back, sending money globally was a significant challenge. However, today there is a tough competition in the field of remittance too. A lot of remittance providers are working too hard to keep their customers happy with the best rates so that no other company attracts its customers. As a customer, you have so many options to choose from. We will discuss some points of how to choose a money transfer service for you to send money to Senegal and for your international funds’ transfer.

Is It Easier to Find Convenient Payment Collection Options?

You might want to send money to a receiver who does not have a bank account. In this case, choose a service provider that can make the funds available in cash. So, check with the remittance service about the collection options they offer to recipients. They also provide remittance services in the form of demand draft in exceptional cases.

The senders should prefer to send money to Senegal online from their bank account. However, in exceptional cases, if you want to send money by demand draft or a cheque, check with the options if they have this facility. The transfer time will be affected concerning the payment option. You can also get the status using an SMS remittance facility.

How to Check Money Transfer Fees?

Now, this is the essential criterion which as a sender, you look into definitely. Usually, many foreign exchange service providers cost comparatively less fee than banks, just like they have deals for you when you try to find a money transfer company. Today, many companies even have special offers every day and some promo codes and deals for its new customers. So, don’t forget to look for these even if you are an old customer. For a money transfer to Senegal, consider this factor as one of your priorities.

How to Get Top Money Exchange Rates?

Again the most important factor is Exchange rates that keep varying at any time of the day. Besides, they also send you notifications about exchange rates; so you may decide to send money online when the exchange rate reaches your expectations. Reputed money transfer companies are also showing exchange alert feature, which is one of the best features that many customers have liked recently.

What Are Money Transfer Limits?

Check the transfer fee and their minimum and maximum transfer limit. Here, you can analyze whether your international money transfer is cost-effective or not. There are also some companies which enable you to send even a small amount at US$1.

Customer Service

For an online money transfer to Senegal, this is one of the most critical points of all. As a customer, you might have a lot of issues; transaction fails, but money deducted from the customer’s bank account, which is a common problem. So, 24-hour and most efficient customer service is what you will get by applying with a reputed service.