However, thanks to wide-ranging money transfer options, making the right choice can be a bit challenging for most. 

Unaware of what options are available to make safer, quicker, and cost-effective financial transactions overseas? If that’s the case, rest assured; we’ll not let your guard down! Step into this informative blog post, where you will discover five helpful ways to send money abroad. 

‍

1. Money Transfer Apps 

Money transfer apps, such as PayPal, Western Union, Venmo, and others, have transformed the way we send money across borders. These mobile apps empower users to make international transactions more easily and quickly from the comfort of where they are. 

If you frequently have to send money to Jordan to support your family, reach out to Western Union that will best suit your funding needs. Typically, you can link your bank account or debit/credit card to the app for seamless transactions. 

Consider the fees and exchange rates, as they can vary significantly between services. So you can ensure that your loved ones get the best value for your money. 

‍

2. Bank Transfers 

Wire transfers, also known as traditional bank transfers, involve sending money directly from one bank account to another, often across different countries. Most banks offer this service, but the fees can be higher than those of other options. 

In addition, the transfer may take several days to process, especially if it needs to be cleared through intermediaries. For international transfers, you need to check the bank's policies and any required information, like SWIFT or IBAN codes.

‍

3. Cryptocurrency

Taking advantage of cryptocurrencies, such as Bitcoin, Ethereum, or stablecoins, can be another efficient way to send money internationally. It’s especially true when you or the recipient is already using digital currencies. International transactions can be quick and often have lower fees than traditional methods. 

What’s more, they can avoid regulatory hurdles in some countries. However, factors such as—the volatility of cryptocurrency values and the requirement for both sender and receiver to have digital wallets—are what you should consider before making transactions to and from. 

‍

4. Bank Drafts and Money Orders

When sending money overseas, bank drafts and money orders are secure and guaranteed by banks or financial institutions. These money transfer methods are safer than personal checks. However, they usually require the sender to visit a bank or a designated outlet. 

If you leverage the bank drafts and money orders, be mindful that they may take longer to clear and can incur fees. All you need to do is to be aware of processing times and costs associated with these options. 

‍

5. Personal Checks

Personal checks are less known for making international transactions. But still, many people send money abroad using them. They require more time for the transaction process and may incur higher fees than other options. This method also necessitates the recipient to convert the check into local currency. 

Personal checks also carry risks of non-payment and fraud, making them less favorable in many scenarios. When sending money internationally, it’s strongly advisable to explore more immediate and secure options.

‍

Final Words 

Once you understand these various methods for sending money internationally, you can choose the option that best suits your needs and circumstances. Hence, wherever you want, and how many times you have to, you can send money without any concerns.

‍