Sending money is more convenient than ever. However, that does not always mean that every money transfer service is fantastic. You should know that there are more affordable ways to transfer money without dealing with the massive fees. Here are some ways you can send money to Canada without burning a hole in your bank account because of the fees!
Find Different Services
While you have your typical money transfers like through the bank, you should know that there are other options for you to send money. Alternative fund transfers can be a lot more affordable compared to traditional ones and sometimes they can reach the recipient faster! Take your time to search online for the best ones available and compare the fees and the time it will take for the money to arrive. You are not only stuck with bank options thanks to the internet.
For instance, paxum.com is a popular way people send and receive payments without dealing with huge fees. They offer quicker and cheaper fund transfers compared to most traditional or common services and can help you seamlessly transfer funds. They are not limited with your options either. They offer wire transfers, fund nearly any card, do local bank transfers, and much more. They are a great option for both individual accounts and business accounts, so you can easily send money for business or personal reasons!
Compare the Services
As we stated earlier, you should take your time to compare services before using one. You should make sure that they are reliable and have great reviews before using them to make sure that your money is safe. You should also take several factors into account before sending or receiving money. For example, one service might offer very low fees to transfer money but the date the money would arrive would be long. You should try to find a great middle ground to get the best deal and save money. You do not want to cheat the person you send money to or be the one on the short end, so comparing services can help you out big time.
Sending money internationally was commonly done with bank transfers, but we suggest you try to use alternative methods. Bank transfers can be a lot more costly and can be a pain if you make regular international money transfers. For instance, some banks can charge as much as 10.5% for each transfer which can really hurt no matter what amount of money you are sending. Do your research to get the best money transfer service because some services offer flat rates or fees, some as low as 1%!
Typically, online money transfer services are the best option for most people. While you should compare different businesses, most of them will offer you great choices. The fees and rates stay low and they usually reach the recipient quickly.
If you send money to Canada regularly, you should make sure you got the cheapest option. It can save you a lot of money in the long run.