Top 2 Ways to Send Money to Bangladesh

Are you planning to send money from one country to another? Whether you have to transfer money for higher education, medical purpose or to buy a property, here are two popular modes of remittance.

1.    First and most common mode used to transfer money to Philippines or any other country is an online remittance agency. Compared to banks, such agencies offer attractive exchange rates. They keep updating their FX rates to offer best remittance experience to their clients. If you are sending a large amount through an online remittance agency during the festival season, there are chances they will waive off the transfer fee completely.

This is one of the most convenient modes of sending money. You just need a secure device such as your laptop or tablet and internet connection to make a transfer from the comfort of your home or office. It is not only quick but also safe.

2.    Second method to send money to Bangladesh or any other country is through your bank. It is considered one of the safest methods of remittance; however, you will have to bear high costs for sending money from one country to another. Banks not only have high transfer fees but their currency exchange rates are also high as compared to online agencies.

Irrespective of which mode you choose, make sure you do some good research, compare rates and other factors to make a final choice. For instance, if you are planning to send money through an online remittance agency, make sure you compare the transfer fees, customer support and other factors of three to four agencies before choosing one. Remember, fees keep varying from one service provider to another so make sure you don’t end up choosing the first agency you come across on Google search.

Transfer Money from Australia to China- Bank vs. Third Party Wire Transfer

You can initiate an international wire transfer from a bank or an online remittance agency. Details such as currency of transfer, IBAN (international bank account number), SWIFT Code and name of correspondent bank needs to be given to the bank before making a wire transfer. In this case, funds transfer takes place between two banks and money gets credited directly to the recipient’s account. Wire transfer can also be done through online banking.
Besides banks, wire transfers can also be carried out through third party remittance agencies. There are several reputed online money transfer agencies through which you can transfer money from Australia to China or any other country safely and quickly. Compared to banks, these agencies offer competitive currency exchange rates and low transfer fees. If you choose a reputed agency, you can be assured of 24/7 customer support in case of any delay in money reaching the recipient or other glitches.
You can register with such agencies for free and log in anytime of the day to make a transfer. Since there is no need to go to the bank, you can enjoy the comfort of sending money from one country to another from the comfort of your home or office. In case of third party wire transfer, the sender or receiver don’t use wire transfer service directly. It is used by the payment service provider to send and receive funds.
Always choose a reliable money transfer agency
If some agency claims to help you send money to Philippines free or to China for free, don’t fall into their trap. Reputed agencies can surely lower their transfer fee and offer competitive exchange rates to maximize what you send to the recipient but international money transfer can never happen for free. 

3 Tips to Send Money Online to Philippines

If you have been planning to make an international money transfer, choosing an online agency can have several benefits. Here are few tips that you can keep in mind when initiating a transfer:
1.    First tip is to choose a reliable online money transfer agency. There are several agencies in the market and not all can be trusted. You need to ensure that the one you choose is licensed to carry out international remittance activity. The agency should also offer quality customer support 24/7 so that you can get in touch with them anytime of the day in case there are delays or issues in your money reaching the recipient.

2.    Second tip is to ensure that your money and confidential banking information is safe. Never use a public computer for making a money transfer. Even if you are using your personal laptop or tablet to send money online to Philippines, make sure it has the latest anti-virus software installed on it. This will ensure that there are no virus attacks and your money remains safe. Avoid using free, unsecure internet connectivity in public places such as airport or restaurants for online banking or remittance. This is because you will be putting your data and money at risk as there are hackers waiting for such opportunities.

3.    Third tip is to always compare rates and other factors before choosing an online money transfer agency. Don’t fall for the first agency that claims to offer lowest transfer fee or exchange rates. There might be hidden fee that you will end up paying at the end of the transaction. You need to remember that it is not possible to send money to China free or Philippines for free. However, you can certainly find low rates through comparison shopping.

What is the Most Cost-effective Method to Send Money to China?

There are several methods of remitting money from one country to another. Many money transfer options are unnecessarily expensive based on the requirements of the sender. For instance banks or money transfer bureaus charge high rates for money transfer to a different country. If you are planning to send money on a regular basis, choosing these modes of remittance can burn a hole in your pocket.
If you wish to save time and money, you need to take factors like transfer fees, reliability, time and exchange rates into consideration when choosing an appropriate mode of remittance.
When you send money to China through a bank, it can be costly as they offer high exchange rates. Banks are safe but if you want the money to reach your family or friends in China quickly, online remittance agencies are the ideal choice. Online money transfer procedure is also safe; however, you need to choose a reputed agency if you wish to avoid safety issues.
Such agencies offer competitive exchange rates and allow senders to remit their money at a low cost or transfer fee. Low rates not only reduce the cost of remitting money to China but competitive exchange rates ensure that the recipient gets maximum of what is being sent.
It is not only cost-effective but the process of online remittance is quite simple. You can make a transfer from any location and at any time of the day. You just have to have your laptop, tablet or smart-phone with internet connection to make a transfer.
If you wish to send money from Australia to China quickly, online agencies can be the best solution. By choosing a reputed agency, you can ensure that money reaches the recipient’s account within minutes or the same business day.

Send Money from UK to Sri Lanka-Tips to Remember

If you wish to send money to Sri Lanka or any other country, you need to choose between offline as well as online modes of remittance. Online options include power transfers and e-transfers whereas offline options include bank drafts and cheques.
No matter what option you choose to send money from UK to Sri Lanka, it is important to ensure that the remittance service provider is reputed and licensed to carry out money transfer activities. When choosing a financial institution, be sure to check if it has partnered with foreign banks to ensure a smooth money transfer.
You need to consider the speed of disbursement when remitting money to Sri Lanka. For instance, if there is urgency and you want the money to reach your family, friend or business associate in Sri Lanka in one day, online remittance service providers are the best choice. Reputed agencies ensure that money reaches within minutes to the beneficiary’s account or within one working day.
Offline mode takes time because if the cheque is issued in foreign currency, you might have to experience a delay of 7-15 days before the holder can encash it. This is because banks take time to verify the deposit. Transferring of funds through credit or debit card is also a quick procedure. It takes merely 1-4 days for the amount to reach the intended person. When you choose a financial institution or a bank, make sure you don’t initiate a transfer on public holidays.
Cost of money transfer service is another factor to consider.  For instance, you can send money to Sri Lanka free, without paying transfer fee if you choose an online agency. Many reputed agencies waive off transfer fee if you avail their services for sending a huge amount to another country.

Why Send Money From Australia to China through Online Remittance? - Klinnk

Why Send Money From Australia to China through Online Remittance? - Klinnk

Different Methods to Send Money to Sri Lanka

If you wish to send money to Sri Lanka from UK or any other country, there are several remittance methods to choose from. It is strongly recommended to do some research and compare rates and other details when settling on one method.
Online money transfer is one of the most preferred methods of sending money from one country to another. There are several reputed online agencies out there, offering a safe and hassle-free remittance experience at competitive exchange rates and low transfer fees.
Wire transfer is another method for transferring money. Whether you want to transfer money from US to Philippines or India to Sri Lanka, wire transfer has made money transfer easy. You either have to go to a bank or a remittance agency, provide the required information and initiate the transfer.

Third mode is PayPal which happens to be an extremely popular method of sending money overseas. People can transfer money electronically from one account to another easily. The recipient of the amount has to pay a certain fee even though the transaction is done free by the sender.

Bank drafts can also be used for sending money to another country. These are available at any bank; however, sending money from a bank draft will take time for the amount to reach the recipient. Compared to money order, bank drafts are expensive.

Many people even send personal checks in foreign currency. In this method, it takes time for cashing the cheque because the deposit has to be verified by the bank. Also, an additional fee will have to be paid by the recipient for the currency exchange rate and encashment process.

No matter which process you choose, make sure you do adequate research and comparison of rates when making a choice.

Send Money From Australia to Bangladesh From the Comfort of Your Home

Today a number of people from Bangladesh and China are opting to work abroad to provide better income to help support their families at home. These individual often migrate to developed nations like UK, Australia, USA, etc. while leaving their families behind. Constantly having to send money to their homeland to support their families these individuals look the best options for currency transfer. Australia is a common destination people opt to migrate too because of employee’s high income rate.

One of the simplest and most cost effective ways to send money from Australia to Bangladesh is by using an online money transfer company. Most of the companies and banks have been charging even 30 percent of the transaction amount just to send money online to different destinations. However today you will be astonished to know with the introduction of a number of new services, the cost has reduced down anywhere from 3% to 7% of each transaction. These transactions are immensely beneficial as they save time because they can be carried out from the comfort of your home.

On choosing these services to send money from Australia to China there are a certain factors that must be taken into consideration. When you make any online money transfer you must pay particular attention to any concealed fees. Some organisations may charge you additional fees for services that you haven’t opted for.

Another important factor to keep in mind is exchange rates. Exchange rates constantly fluctuate which can affect the actual amount that is sent back home from a foreign country. It is a known fact that the value of any currency is not stable but keeps fluctuating in comparison to other currencies of the world. Therefore the exchange rates even fluctuate many times in a single day.

Transfer Money from Australia to China- Factors to Consider

There are several ways to send money to China but if you wish to ensure a safe, quick remittance experience, here are few factors that you need to consider:
Remember, choosing the right mode of sending money to China depends on how much money you are sending, whether it will be a one-time payment or a regular payment schedule and how fast you want the money to reach? Considering these factors will help you choose the right mode of remittance.
You also need to think of the cost aspect because if the transfer fee and currency exchange rates are high, your family or business associate will not receive the maximum amount. Safety is also a major concern, for instance, if you send a huge amount from an unlicensed online agency, there are chances that the money might not reach the destination safely. This is the reason why it is necessary to choose a remittance mode that is reliable. Many online money transfer agencies are not licensed to transfer money from Australia to China. They have hidden fees and other charges due to which your family will get less of what you send.
Banks are a reliable source of transferring funds abroad but the transfer fee and currency exchange rates are very high. This is why many people prefer sending money through online agencies. Online agencies not only offer transfer fees as low as 0.5% or even 0% in some cases, but their exchange rate is also competitive. Once you have registered with them and provided the necessary details, you don’t have to provide them the details every time you make a transaction. This saves time.
It can be a risky affair to send money to another country so, always choose the most reliable mode of remittance.