Ghana is one of the biggest remittance receivers in the world. Each year, many migrants send money to Ghana on a regular basis. Due to the high technology, people are facilitated to send money online or traditionally, to every corner of the world.
For the facilitation of receivers, there are many channels through which you can get the payments in Ghana.
What Are The Common Ways Of Money Transfers?
Some of the most commonly used ways are enlisted below.
If a wire sends the payment, you can receive that by physically visiting the bank or IMTO’s payout location. In wire transfers, money transfer service does not allow the receiver to get the payment online. However, for business transactions, it is very reliable to get directly in touch with the payments.
If you want to send money to Ghana online, there are many different ways for the receiver to get it. Firstly, they can either physically visit the bank or IMTO’s branch to withdraw the payment. Second, they can receive payments in their mobile wallet from which it can be directly utilized for fulfilling different expenses.
As mentioned earlier, technology has opened mysterious ways of ease for every individual. If you live in a rural area, or your work routine is hectic, or if the branch of a commercial bank/IMTO is far from your location, you can quickly receive money in your mobile wallet. You will be notified by SMS, email or call when the payment is added into your account. The same notification is also sent to the sender.
Door to Door Delivery
Many migrants use this service to send money directly to their families and loved ones, with their maximum ease. If the receiver doesn’t have a bank account and not even a mobile wallet, then you can ask your provider to deliver the money to the beneficiary’s doorstep. This facility is beneficial for people living in rural or underdeveloped areas. Until the payment is received securely with the receiver’s signature or verification, it will be the IMTO to deliver it safely.
What Is The Role of Providers in Safe Payment Delivery?
The use of informal channels or unsafe providers can cost you a lot of money and effort. In some cases, you can also get stuck in legal stances. Therefore, choosing an efficient and safe provider is necessary to ensure the reliable delivery of remittances to your home country.
ACE Money Transfer is a very credible company used for money transfers to Ghana. They have multiple payout options, and the customers are provided with optimized exchange rates & service fee, which makes it the best choice for all migrants.