The Cost-friendly Ways Of Transferring Money Abroad You Probably Didn't Know!

Let’s agree to the fact that the banks are usually the preferred choice to transfer money abroad, whether you are a parent, student or anyone else who needs to send or receive money from a foreign country. This is the first thought that strikes one’s mind and often because it is backed by the recommendations by other relatives and friends of how it is a reliable and quick medium to transfer money abroad online. So after all the claims of bank transfers being one of the best ways for international money transfer, the question is that is it actually worth? And are there any other cheaper mediums for transferring money abroad? Let’s address this frequently pondered question here!

The banks let you send money overseas, but you can’t count on them if you are looking for cheaper ways. Some of the practical and most affordable ways for international money transfer have been compiled by us for your ease, have a look:

Transfer Wise

When you want to transfer money abroad, you can depend on TransferWise to make the task easier for you. The process is quite simple, and you are guaranteed to get the best currency exchange rates possible. The money generally reaches to the receiving account within 2-3 days.

Book My Forex

Another affordable and convenient medium when you want to send money overseas. All you need is to open an online account with them and digitally transfer the funds.

Quick Forex

Making financial transactions was never this hassle-free and comfortable. Quick Forex is a practical and reliable company that lets you easily create an account and transfer money to the nominated account at official and live exchange rates. You can also avail the service of online money exchange in India using Quick Forex. There is transparency when you make the transactions, and every transaction takes place at a cost-friendly and fastest way.

Currency Fair

It works as smoothly as the above mentioned online-money transfer companies and enables you to transfer money to more than 18 countries. Even they offer you official exchange rates for making the transfers abroad. The added advantage is that they don’t force you to have a minimum transaction amount.

These are some of the trusted and popular alternatives when you want to make international transfers. So if you still believe that the banks give you the fairest and cheapest deals, it is time you think twice!