How to Transfer Money Abroad
Sending money to family, friends or business associates abroad via the mail is not only unwise, but slow as well. A much safer and quicker way to transfer money to individuals abroad is to use an electronic service that specializes in money transfers. Electronic money transfer services, available in cities around the country, issue a receipt when you send the money and gives you an estimated time when the other party can retrieve the money. If something goes wrong, the electronic money transfer service can help you recover the money and correct the situation.
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Instructions
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Visiting a Money Transfer Service Center
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Visit a Western Union, MoneyGram or similar money transfer service center in your area.
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Complete a "Send Money" or similar wording form to transfer money to a person abroad.
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Give the completed form to the Western Union, MoneyGram or similar money transfer service clerk for processing. The clerk will process the form's information and inform you of the processing fee to complete the money transfer request.
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Give the clerk the money you are transferring to the person aboard and the processing fee when he is done processing the form. The clerk will inform you of the amount of time it will take for the money transfer to go through. The clerk will give you a receipt showing the amount of money you transferred and the unique money transfer control number.
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Keep the money transfer receipt in a safe place for future reference in case an issue arises.
Completing a Money Transfer Online
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Open your computer's Internet browser.
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Click on the "Western Union Money Transfer," "MoneyGram" or "iKobo" link in the Resources section of this article to transfer money abroad using your computer.
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Click on the "Send Money" or "Send Money Now" link.
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Complete the on-screen prompts to select the country you are sending the money to, how the person you are transferring the money to should receive the money (at a money transfer service or other option) and the amount of money you are sending. Your payment options include using a credit card, debit card or using funds from your bank account.
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Click "File," "Print," "OK" to print your money transfer receipt once you complete the online money transfer process.
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Tips & Warnings
You can also transfer money abroad by visiting your bank and initiating a money transfer to the person's bank account abroad. Certain fees may apply.
References
Resources
- Photo Credit Transfer of money from hands in hands image by Irina smolina from Fotolia.com
