Many people think that a traditional bank is the only safe and convenient way to send money overseas. It is true that banks have best reputation of securing wire transfers all over the globe. Unfortunately, sometimes their services come at a steep price. Additionally, banks are notorious for lower exchange rates, higher processing fees, and fewer options to send or receive cash.
Thankfully, since the revolution of the internet, there are now many other alternatives when it comes to how we can send money to recipients who are far from us. How we send the money and how it is received depends on the delivery mode. Because of this, it can take from minutes to several business days to access those funds.
But, if you know this, its easy to get the money to where it needs to go when it needs to be there. You just have to plan ahead a little bit.
Here are the best ways to send money to people for whatever purpose it may serve.
His first deposit was for $103, a very cool amount of money for a six year old to already have. The best part about this money though is that it was earned. All of it came from commissions he has earned from doing work around the house.