People work hard to make money, and it hurts when they have to pay high transfer fees. These high transfer fees include hidden costs also, which are a source of profit for the company giving you money transfer service.
Banks are often charging a huge fee in this case. They often charge you extra fees by offering high exchange rates than those traded in the market. So the best way to send money to Ghana is online money transfer.
Cheap way for money transfer depends upon the countries, where you are sending money. It also depends upon the amount you want to post, the payment method you are using, and the pick out option.
What are the Cheap Ways for Overseas Money Transfer?
The most inexpensive way to send money globally is to use money transfer services from specialists. These providers offer you more competitive fees and rates as compared to banks and PayPal.
As a result, the recipient will end up having more money. But it would be tough to find out which money transfer service provider is the cheapest among all.
By comparison of different services, you can choose the best one for you. It depends on your needs. For comparison of various services providers, you can take help from the internet.
There are a lot of tools available here for comparing the services of different providers based on exchange rates offered.
Why prefer a specialist and low-cost currency provider to send money online?
It is recommended to take services from specialist currency providers when you want to send money online. Reasons behind this are as follows:
- They provide much better exchange rates as compared to banks.
- There are no hidden charges, so you will pay fewer and lower fees.
- They provide you with a lot of options regarding transfer funding and receiving money on the other side.
- Transfers are completed quickly as compared to others.
- Banks have to do a lot of things. While these money transfer services providers are specific for international money transfers. So they care for you a lot as a customer. And they will try their best to solve your problems.
- They provide you with personal customer service.
Why are banks not a good option?
According to an estimate by the World Bank, people pay 6 to 8 percent of the total amount of transferrin fees. This is about 60 to 80 bucks on the transfer of 1000 dollars.
So money transfer to Ghana via bank is the most expensive way. According to the World Bank, it was concluded that most of the banks charge ten percent of the total amount on average.
And this is too much. So preferring a bank for international money transfer is not a good option.
Also send money to other countries like: Ghana, India, Nepal, Philippines & Uganda.
Final thoughts on Online Money Transfer
People are working in other countries away from their families these days, and some have a business in other countries. So they have to make money transfers sometimes.
It would be better to prefer cheap but secure ways of transferring money. An affordable way for money transfer abroad is via currency transfer specialists.
ACE Money Transfer can be a good option for you. As they send money to Ghana online and other desired country and charge less fee for providing their services.