A couple of decades ago, International money transfers were often done by using retailer banks. With the advancement in the remittance industry, money transferring companies stepped in the game. Right now, this process is too fast and reliable. No matter you want to send money to Senegal, Nigeria or any other country, all you need is a reliable company.
If you use a proper international money transferring company’s platform, then it will be surely more beneficial and smooth for you as compared to the transfers that are made by using banks. Well, what are the primary benefits if you want to send money online? We have listed some of the most prominent benefits right here.
How to Get Better Currency Exchange Rates?
If you do any money transfer by using a bank, then there will be chances of paying a higher exchange rate. But, if you go for any money transferring company such as ACE Money Transfer, then there will be greater probabilities of getting a deducted or optimized exchange rate. By using these companies, you can send money to Senegal online, as much as you want without getting worried about the markups on exchange rates.
What is the Flexibility in The Policies of Money Transferring Companies?
If you use credit cards or Paypal, then you’ll indeed have to follow their specific policies. It doesn’t matter if you use it for once or for a dozen times, the systems remain the same. But, if you use money transferring companies, then they can provide you with different flexible offers such as contract forward, regular payment schedules, spot deals and limited offers. Many companies offer special packages for their regular customers, such as deduction of fee and no exchange rate.
What is Money Transfer Limit?
Banks usually have smaller limits of cash transfers and withdrawals. For Instance, if you want to send money by using a bank, then the minimum amount is 10GBP, and the maximum is 6000GBP, per day (or equivalent to your currency). But, if you use money transfer companies to send money online, then you may get higher sending limits. The sending company may ask for some extra information to keep a security check, but after that, you can send more massive amounts too.
Can You Make Urgent Money Transfers Through Online Methods?
Banks usually take 1–3 business days for doing an overseas money transfer, but money transfer companies can help you in sending money within seconds only. For the online money transfer to Senegal, many companies propose urgent transfer services for assisting you in any case of emergency.
Can We Have Easy Online Access of Money Transfer Companies?
IMT platforms are usually easily accessible. They don’t stick their customers to a specific portal. You can use a bank or a payout portal, whatever is more feasible for you. But in the case of banks, you must go to the branch of that bank for making any international money transfer. Moreover, many companies allow their customers for reliable money transfer to Senegal and other countries by sitting in their homes. Just a few clicks and your work is done! You can have 24hour access to the IMT platforms. They can also give you a track of your shipment so that you can quickly check the ETA of your cash.