Why Do I Often Send Money to Gambia? – Story of a Gambian Expat

I got a great job opportunity from Germany. I accepted the opportunity and moved away from the country. I left my family behind because I wanted to save them from the struggles and difficulties of settling in a new and estranged environment. I started my job and the whole settling process started. After a month, I had to send money to Gambia to my family. I had no idea about money transfer systems.

I researched common ways. I was a bit sceptical about any online money transfer service. So, I started transferring money from conventional methods. But I was frustrated by the inconvenience it had.

How did I get to Know About Online Money Transfer?

Then one of my colleagues suggested that I should give online money transfer a chance. I again did my research about it, and the pros and advantages of online money transfer stunned me. Next month I tried online money transfer. Before opting for the online money transfer service provider, I read the reviews and checked the rating.

Those reviews suggested that the service providers were giving out satisfactory services and people were happy about it. I started the procedure. I checked the website of ACE Money Transfer. Then I clicked the sign-in option and then created an account.

What did I do to Secure My Online Money Transfer Account?

I made sure my password was strong enough so that the chances of hacking were decreased. I linked it with my bank account. Entered the recipient details making sure that recipient details were correct there is no mistake, and there is no blunder.

Then I checked the exchange rate. It was relatively high and I knew it was the best time for online money transfer to Gambia. The exchange rate was mentioned on the website, so even checking the exchange rate was easy.

After checking the exchange rate, I mentioned the amount of money to be transferred. I rechecked every detail I had entered.

To make sure that no blunder is made. I checked the transfer fee. The transfer fee was also very low and economical.

Then I read and comprehended the terms and conditions and then clicked on the agreed button. There was no waiting in long lines and no paperwork.

How I Get Different Benefits When I Sent Money to Gambia Online?

It resonated well with my routine, and my family received money within 24 hours. It was no doubt convenient. It is so reliable, and it did not disappoint me. I loved the whole process and will use it and recommend it to others.

● The money will be transferred and received by the recipient within 24 hours through a cash pickup service.

● The company that I chose was offering me a high exchange rate which meant that my friend could gain maximum benefit out of it.

● The transfer fee was also very low. The fee was extremely economical.

● Moreover, the process of money transfer is swift and convenient.

● There were no chances of scams or fraud. There was nothing to worry about.

The online money transfer service provider that I was opting for had great reviews. Most of the customers who got the services were really satisfied. The reviews were clearly showing that the whole process is amazing.

What are Gambian Statistics?

The Gambia is an African state located on the coast with enchanting landscapes and tropical forests. Despite its extraordinary location, this small state has been facing many difficulties in its economic development.

The national GDP is reported to be declining for the last 25 years, and most people lack fundamental living needs. Due to these facts, a huge population of people have migrated to other countries to earn for their families and loved ones. Money Transfer to Gambia is a basic need for all these migrants.

According to research, almost 60-70% of the expenses of a household are fulfilled by spending the remittance received from a migrant. To send money safely, here are some tricks and methods that will surely help you in doing so.

Why Should You Not Use Informal Channels to Send Money?

Do not use any informal channel such as hiding money in post letters or sending through a friend or relative as this process have a multitude of loopholes in it. Your money can be stolen or lost. The person may also be exposed to several legal liabilities.

Legal channels such as banks, IMO’s and transfer agents are the recommended channels used to send money online or by physically depositing the cash.

How Do You Avoid a Suspicious Platform For Transferring Money Online:

If there is a brand new page with no previous history or feedback, or if the associated regulatory body of a money transfer platform is not mentioned clearly, then never hand over your cash to them. Look for suspicious signs to avoid an online scam or fraud. Before entering your account or card details, always make sure to analyse the privacy policy deeply.

How to Choose from the Top-Recommended Companies?

The top-recommended companies used to send money to Gambia online include TransferWise, Skrill and ACE Money Transfer. These companies have made their names by providing excellent services.

Moreover, their exchange rates are optimized, and they allow their users to choose the best suitable option from a multitude of offers. It will minimize the risk of any miss-occurrence or misuse of the transferred amount.

How to Make a Separate Account for Managing your Remittances?

If you use the same account for managing your expenses, as well as the international remittances then you may get in trouble by mistakenly spending more money etc.

For better and smooth management, make separate accounts. The remittance’s account if kept separate, can also help you in avoiding additional Government Taxations.

Do Not Tell your Passwords to Anyone:

When you sign-up for an online transfer or get an account in any IMTO, never make the mistake of sharing your password with anyone.

Strong and hard to detect passwords can save you from a lot of online stealing issues. Even if any website asks you to enter any irrelevant confidential password or pin, then do not fall into that trap.