What is the Cheapest, Safest Way to Transfer Money Between Countries?
In the past, transferring money internationally involved a trip to your local bank. But now, with an array of options on the market, it can be tricky to know where to start. To confidently answer the question: what is the cheapest way to transfer money between countries, safely?
This straightforward guide will help you to find the cheapest, fastest and safest money transfer options on the market.
Safety is the most important thing!
At first, getting your money from A to B safely is the primary goal. Luckily, there are a number of signs to look out for when choosing the right provider.
Bear in mind that all financial services in the Vietnam must be authorised by or registered with the FCA (Financial Conduct Authority). It’s important to know the difference.
- Authorised companies are required to keep your money separate from the company’s own accounts, so if the company runs into financial difficulty your money will be safe.
- Registered companies only have to prove that they are based in Vietnam, so there is no certified guarantee that your money will be kept separate from company funds. This doesn’t do much to ensure the safety of your money.
At ZRemit, customers can have confidence in the safety of their transfer. We’re regulated by the FCA and use anti-fraud and encryption technology throughout the transaction.
Value for Your Money
International money transfers can carry a charge, mainly in exchange rates and fees. It can be tempting to simply opt for the cheapest provider out there, but be aware, cheap doesn’t always mean safe. You should know which provider is offering competitive rates and meets current safety regulations will give you the most peace of mind.
Here is what you can take a look:
*1. *Exchange rates**
Simply put, exchange rates are the amount of one currency you can exchange for another. Providers’s rates can vary significantly, so doing your homework is essential to ensure you get value for your money.
Exchange rates fluctuate on a daily basis. Check sites such as XE.com to get the latest rate and compare it with the one offered by your money transfer provider.
Fees are the one-off cost that your provider will charge for the money transfer. This will either be a set amount or a percentage of the total that you send. We all know provider fees vary and banks tend to be more expensive than online money transfer companies.
With ZRemit, we keep our costs simple and transparent. Our fees start from 1$ and we always offer a highly competitive exchange rate. We also give new customers a voucher when they sign up.
Plenty of money transfer companies offer security and value for money in today’s competitive marketplace. But few providers offer the added benefits of speed and ease.
Most Zremit transfers are completed within 24 hours using our award-winning mobile apps or website. We also deliver cash, so your recipient doesn’t even have to have access to a bank account.
Feel like you have a better grip on what the cheapest way to transfer money between countries is? Learn more abour ZRemit to see how you can send money abroad quickly, easily, safely and cheaply.
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