People often need to transfer money between cities
, states and countries either for personal reasons, such as sending money to family or friends or as part of a business transaction. Online money transfers offer several benefits when compared to conventional methods such as via banks, money orders or cheques, especially when transferring money abroad.
Economical transfer
In general, money transfer providers offer better rates for business or personal money transfers when compared to banks. Most providers do not charge a transaction fee and have margin rates between 0.6% and 1%. Many have a minimum transfer amount as low as 100 GBP. Savings can also be made with respect to foreign exchange rates.
Most transfer companies work using live exchange rates and provide services that allow customers to transfer money when rates are favorable and protect them from the negative impacts of unfavorable exchange rates. Many offer dedicated customer relationship advisers that offer expert advice based on each clients particular requirements.
Quick transfer
Money transfer companies complete transactions far quicker than conventional methods. These include same day transfers, transfers within 24 hours and immediate transfers as soon as funds clear.
A convenient and secure system
Using a company that specialists in transfer services usually will provide you with a safe and secure system that will give you peace of mind. Whats more these organizations offer a number of customer friendly services. Transfers can be made online, from the comfort of your own home or office, throughout the year; even on holidays. The status of these can also be monitored online from any part of the world, so you can always be aware of the status of pending transactions and be notified of exactly when they get transferred to the intended recipient.