Do you know, it is easier to send money to Pakistan from anywhere?
International home Transfers are used to transfer amounts from one state to another. Multinational companies use different systems for monetary proceedings. There are various methods used for doing corporate transfers. With the advancement of technology, people love to send money online. After all, it is time-saving.
Each of the methods comes with its own merits and demerits, but the preferable way is doing a “Wire Transfer” A wire is considered one of the quickest and safe methods for sending payments overseas. The fee for each wire is about 25–30$ that’s why it is not recommended for transfer of smaller amounts.
What Is The Process of Wire Money Transfer?
- Visit your bank or IMTO’s branch
- Submit the request for making a wire.
- Fill in the given form and enter all required information.
- Enter the details of the recipient.
- Hand-Over your cash.
- Wait for 1–2 business days, your payment will be added to the recipient’s account.
What Are The Advantages of Wire Transfer?
Following are the advantages.
Is There Reliability in Money Transfer?
Wire Transfer needs the receiver to be physically present at the respective bank or company’s payout location for withdrawing the payment. No unauthorized person is allowed to access the payments. Therefore, if you are sending a large amount, wire transfers you do not have to worry about any miss-happening at the receiver’s side.
Is It Quick Transfer Service?
Wire Transfer is rapid. Money transfer to Pakistan or any other country is easily possible within minutes. Some transfers may be completed within the same day too. It usually depends on how early are you submitting the request to wire your money. If you use banks, they may require 2–3 days, but efficient money transfer services allow their customers to transfer payments within seconds too!
What Are Business Transactions?
The regular online money transfers allow people to send payments with specific transfer limits. For the online money transfer to Pakistan, agents may have some limitations. But for online transactions, this limit is huge.
What Is Cash Claim?
If you use a wire transfer, you do not have to worry about clearing or waiting for any other transfer that is still in process. It is a quick transfer that allows customers to receive payments directly. Hence, it saves a lot of time and hassle that a person may confront in online transfers.
Can You Send Money to Pakistan Online?
Every international bank and money transfer companies provide wire transfer services to people. If you want to send money to Pakistan online, a reputed money transfer service allows its users to transfer money by wire or online systems. If you use a retailer bank, you can send money within 1–5 business days, and if you use their immediate services, you can send money merely in a few seconds.
If you use an online platform that does not have any physical existence, it will not be possible for you to make a wire transfer. So, it’s better to check the physical presence before deciding your payment routes.