You live abroad but you still have family in Ghana. One of the things you will surely be familiar with in this case is the process to send money to Ghana. This process can not only be expensive but can be intimidating and time-taking as well. But one situation one is all too familiar with is the pain that comes with the high transfer fee that people are charged when they send money globally.
If you are someone who is looking for ways to send money online to Ghana without having to spend a huge amount of money, this article is the perfect guide for you. This article will discuss all the ways through which you can make use of international remittance without going broke.
Base Decision On Money Exchange Rate:
The exchange rate of the currencies is an important and integral part of the expense involved in international money transfer. It is the factor that heavily determines the amount of money that you will be spending on the transaction. It is highly recommended that you keep an eye on the exchange rate of the currency and initiate the transfer when it is in your favour. The general rule of thumb is that the higher the exchange rate the better.
Use Of Credit/Debit Cards For Transferring Money:
A lot of people make use of their credit cards to send money to Ghana online. You can use your mobile application for quick money transfers without visiting the busy and rushed branches of your bank account. Not only the sender has ease of money transfer, the receiver can also get money in their mobile wallet or in a bank account without visiting the nearest payout location. So, online money transfer service provider like ACE Money Transfer has made our lives easier and confortable.
This seems to be a completely harmless and naive move, but in reality, it is a decision that is heavily impacting the expense involved in the process of money transfer to Ghana. On a few occasions, credit cards come with a much higher interest rate and service charges. Therefore, a wise choice would be to either deal in cash or make use of debit cards when sending money to Ghana.
Closely Examine The Service Charges
Due to the high demand for money transfer service providers in the market, their number is increasing day by day. But not all of these service providers are worth relying upon. Some unauthentic and unprofessional service providers offer their services but they charge a huge sum of money in the name of the transfer fees from the customers. Other than the transfer fees, they deduct money from the amount being transferred in lieu of hidden fees and miscellaneous charges. Therefore, it is of significant importance to make the right choice and pick a service provider like ACE Money Transfer that is reliable and would provide nothing but the highest quality of services to the clients.
International money transfers can be a very stressful experience. After all, it is a huge responsibility and everyone wants to ensure that the money reaches the destination. If you want to save some money during the transaction, bear the above-discussed factors in mind and you will be shocked to see how the expense of an online money tansfer to Ghana will be cut down by almost half as compared to bank transfer.