Posted on by Anastasia R.

When it comes to sending money overseas, the biggest issue that many people face is paying outrageous fees that end up costing you far more than you are willing to pay. There are some tips and tricks, however, that can help you find the cheapest money transfer services so that you can get your money sent faster and for less money.

Here are tips to help you make the most of your money:

Understand Money Transfer Fees

The first step to finding cheap transfer services is to understand what fees the particular company you are using charges. There are generally a wide range of fees that can fall anywhere from a few bucks to ten or more dollars depending on the company. Most companies charge a basic service fee that covers the cost of getting the money transferred and administrative fees associated with the transfer. Many companies also charge fees for the changeover in currency. You may also be charged deposit fees, transfer fees, and other fees that may very well be specific to the company. These are all fees that should be explicitly posted on the site before you start your transaction.

Sharemoney.com helps you to determine fees before you ever start your transaction by allowing you to plug in how much you want to transfer, your transfer method, and what country you are transferring money to. This calculator can help you find out for instance how much money it is going to take to send funds to just about any country including the Philippines, Brazil, Mexico or Nigeria.

Compare Money Transfer Services

Another helpful way to find the cheapest method of sending money is to compare what services are being given. A company that has very basic services for instance is going to likely charge you less money for your transfer than one that has a big name that is well noted and that has a ton of other services added in.

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Using online money transfer websites, like Sharemoney.com, allow you to choose exactly what you need. For instance, you can choose to have the money added directly to the bank account of the person that you are transferring money to, you can set up a pickup, or you can have the money delivered to their home in select countries. These are all great options that can change the price of your transfer and can really make your overall transfer easier.

Comparing Actual Companies

The next thing that you can do is look to compare the actual sites and companies that you are dealing with. In most cases, the company that you choose needs to have a professional site, the option to talk with a representative, and the option to start considering your transaction fees before you actually go through with the transaction. By being able to see your fees before you buy you can compare prices and find the most affordable option.

You can also talk with customer service representatives and see what fees you may run into, find out what steps you need to take to finish your transaction, and you can take the time to find out what you are going to do before you commit. A site that is not legitimate or that is more focused on profit will not have these options for their customer.

Sharemoney.com offers some of the best exchange rates in the industry! Give us a try today!

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