Safe ways to send money online easily

Online or bank transfer these days seem like the safest modes of money transfer from one part of the country to another. Numerous bank accounts are linked from one device to another. Within moments the other account receives the currency. So, if you are someone who sends money online, then here are few important aspects for you to keep in mind so that you save more on your money transfer online.

1.    Captive rates

It is a myth when an online money transfer company says that its charges for money transfer are nominal and fixed. But, it is for you to realize that International money transfer demands a specific amount, due to exchange rate. So, the chances of the amount to be debited from your account may be more depending on the countries you are planning to send money to. Hence, it is best to keep a check on the locked-in rates and check whether the original exchange amount is been debited from your account with more taxes or no when you send money online.

2.    Narrow down your search

Internet platform is vast enough to fulfill every demand we write down in it. Hence, it is important to filter the search process further. So, instead of writing in general, ‘Online money transfer’, you could write online money transfer to US/ Philippines etc. The more specific your search is; more genuine would be the results portrayed to you.

3.    Keep a track of the way you pay

When you are searching for the most trustworthy option to send money online there may be numerous options made available to you in your search criteria. So, while your payment mode has been finalized, there are multiple payment methods. Credit card, debit card etc. the rates of these payment options vary from one another. The charges on payment through a debit card may vary with that of a credit card and through bank account directly etc the amount shall vary. Hence, it is important to understand the mode you wish to make the payment, so as to save money on your transaction.

With these tips, you shall surely save enough on money transfers. It is always important that you read between the lines and make certain of the charges every online money transfer system would levy so that you do not fall prey to any tricks.

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How to Send Money from UK to Bangladesh via Wire Transfer?

Wire transfer of electronic funds transfer method can be used for sending money from one country to another. It is considered one of the safest modes of remitting money internationally, especially if you have to send a large amount.
•    First step is to log into your online banking profile in order to initiate a wire transfer from the comfort of your home or office. Most reputed banks offer an online wire transfer option. You can log in to your account and find out the option or get in touch with the bank for more information on this
•    There are some banks that require you to specify the limit for international wire transfer whether you send money from US to Bangladesh or any other country. This is because transfers over a certain amount require the sender to call the bank and get it authorized by the bank.  Once your identity is confirmed by the bank, you will be sent an access code for activating the desired wire transfer limit
•    If you are making wire transfer for the first time, you need to enter the banking information of the recipient such as full name and address of the recipient’s bank, name, account number and address of the recipient, recipient’s IBAN (International Bank Account Number) which can be obtained from the bank or the bank statement
•    The recipient’s SWIFT or BIC code is also required to indentify which bank the money is getting transferred to. This code can be located by the bank through the recipient’s account information
•    Next step is to specify the currency in which you wish to transfer money from US to Bangladesh. Specify the amount and make a transfer. Just remember, you need to pay some fee when processing international wire transfer