Want to ensure your hard-earned money goes further when sending it abroad? Use this simple checklist and trusted financial services to stay in control and make every transfer count.
Back in 2000, global remittances were around 126 billion dollars. By 2020, that number had skyrocketed to 689 billion dollars, even with major disruptions like the pandemic and rising unemployment. For over a decade, countries like India and mainland China have consistently received the highest remittance inflows, while the majority of funds continue to be sent from the United States.
Whether you’re sending remittances abroad, supporting family with an overseas transfer, or simply trying to avoid hidden international money transfer fees, this guide gives you expert-backed tips to do it safely.
Choosing and Using the Right Money Transfer Method
Selecting the right method for sending money internationally can make a significant difference in how fast, secure, and convenient your transaction is. Whether you’re transferring funds occasionally or on a regular basis, understanding the available options helps you avoid unnecessary stress, delays, and complications.
From evaluating transfer speed and reliability to knowing when to send and how to avoid common pitfalls, making informed choices ensures your money reaches its destination smoothly. This section explores the essential considerations for choosing a dependable transfer method, verifying important details, staying alert to scams, and using safer alternatives to risky practices.
How to Choose the Right Money Transfer Method for Your Needs
When sending money abroad, it’s important to pick the option that works best for your situation. If you only send funds occasionally, you may not mind which method you use. But if you’re sending money regularly, taking a smarter approach can save you time and effort.
There are different ways to transfer money internationally, and each has its pros and cons. Instead of relying on guesswork, think about what matters most to you: speed, ease, reliability, or how often you plan to send.
Here are key points to help guide your decision:
- Transfer speed: Some methods may take longer to process. If speed is critical, ask how soon the money will arrive before confirming the transaction.
- Convenience: Branch-based services let you speak directly with someone, making it easier to get help or clarification.
- Frequency of transfers: If you’re sending money regularly to different countries, choose a branch service that supports multiple destinations and currencies.
- Reliability: Always use a trusted money transmitter with a good track record and support team available at the branch.
By sticking with one reliable branch-based service for regular transfers, you reduce the hassle of switching between providers and build familiarity with the process.
Why Timing Matters When Sending Money Abroad
Getting the timing right can help you stretch every dollar when transferring money internationally. Exchange rates change all the time, and knowing when to send can protect you from losing money due to currency fluctuations.
Holidays can slow down transfers and make you miss a good rate. This includes bank holidays, public holidays, and even religious observances in both the sending and receiving countries. Transfers may take longer to process, and a delay could mean the exchange rate shifts before the money arrives.
Also, avoid sending money on weekends. Currency markets are closed, and you’ll often get less favorable rates. Keep in mind that weekends vary by region. For example, in some Muslim-majority countries like Egypt, the work week runs from Sunday to Thursday, and Friday and Saturday are considered the weekend.
If you’re sending money for something like overseas property payments or international investments, currency shifts can have a big impact. Paying a foreign mortgage with a weaker local currency could cost you more, simply because of poor timing.
Smart timing tips to remember when visiting a branch:
- Check the calendar for holidays in both countries
- Avoid sending money on weekends
- Monitor exchange rate trends before visiting the branch
- Ask staff about the best times to transfer for your destination
By timing your transfer carefully and speaking directly with a branch representative, you can avoid delays and make sure your money works harder for you.
Double-Check Your Details Before Sending Money Abroad
One of the easiest ways to avoid problems when transferring money overseas is to confirm all the details twice before completing the transaction. Unlike digital wallet services that rely on phone numbers or emails, branch-based money transfers often require more specific information. Even one wrong digit can delay the transfer or send your money to the wrong person.
Mistakes can happen, and they can be costly. For example, inputting incorrect account details or recipient names can result in long delays or lost funds. Some errors may even be impossible to reverse if not caught quickly.
Before handing over your transfer request at the branch, go over every detail with the staff and make sure it matches the recipient’s exact information.
Here’s a quick checklist to follow at the branch:
- Double-check the full name of the recipient
- Confirm the correct account number or destination details
- Make sure the destination country, currency, and transfer purpose are accurate
- Ask about regional transfer requirements or common issues for that country
If you think something went wrong after the transfer, act quickly. Visit the same branch or contact their support team immediately. The faster you report the issue, the higher the chance of recovering the funds.
Understanding the terms used for domestic and international transfers can also help you avoid costly mistakes. Don’t hesitate to ask for clarification if something is unclear.
Note: Depending on the amount and frequency of your transactions, you may be asked to present valid identification or provide additional details. For instance, under United States regulations, identity verification is required for money transfers totaling three thousand dollars or more. Always consult with your local branch representative to understand any relevant requirements.
How to Spot and Avoid Transfer Scams When Sending Money Abroad
While choosing the right service for sending money overseas is important, making sure it’s a safe and trusted provider is just as critical. Scammers are always looking for ways to trick people out of their hard-earned cash, and international money transfers can be a common target.
If something feels off or too good to be true, take a step back. It might be a sign of a scam.
Be cautious if you are:
- Pressured to send money quickly or urgently
- Asked to send money using strange or unfamiliar methods
- Asked to share personal information like passwords or ID numbers
- Sent a QR code and told to approve a “collect” request
- Offered a commission to help move large amounts of money
Before visiting a money transfer branch, know what to expect and stay alert to red flags. Staff at the branch can help confirm details and spot unusual activity, but it’s up to you to be cautious with your personal information.
If you’re not using a bank, make sure the money transfer company is licensed by a trusted regulator in your region. Regulatory bodies help ensure that businesses follow the rules and treat your money with care.
By staying alert and asking questions at the branch, you can protect yourself and make secure international transfers with confidence.
Order Express follows all federal anti-money laundering regulations and may report any suspicious activity to the appropriate regulatory bodies as required by the Bank Secrecy Act. This process helps protect our customers and maintain the integrity of the financial system.
Never Send Cash in the Mail – Here’s Why
If you’re thinking about mailing cash overseas, don’t. While it might seem simple, sending physical money through the mail is one of the riskiest ways to transfer funds.
Unlike a branch-based money transfer, mailing cash offers no tracking, no protection, and no way to recover it if it’s lost or stolen. Even though it may not be illegal in some places, most postal services and couriers strongly discourage it, and many won’t deliver cash at all.
If you really want to include money in a birthday card or gift, choose a safer alternative like:
- A money order, which can be tracked and replaced if lost
- A personal cheque, which requires a bank account to cash and is easier to trace
The safest and most reliable method is still visiting a trusted money transfer branch. You’ll get a receipt, confirmation, and direct assistance to ensure your funds reach the right person securely.
Understanding Costs and Exchange Rate Factors
The true cost of sending money abroad goes beyond the transfer fee alone. Exchange rates, hidden charges, and global market movements can all affect how much your recipient ultimately receives. Even small fluctuations in currency values can have a big impact, especially with high-value transfers or frequent payments.
Knowing how to ask the right questions and compare providers empowers you to get more value from each transaction. In this section, you’ll learn what drives exchange rate changes, how fees are applied, and how to make financially sound decisions when converting and transferring funds across borders.
What to Know About Exchange Rates and Fees Before Sending Money Abroad
Before sending money overseas, it’s important to understand how foreign exchange rates and fees affect the amount your recipient will receive. The exchange rate is the value used when converting one currency into another. These rates constantly shift and can differ depending on where you send the money.
Global events like natural disasters, political changes, or economic updates can cause major changes in currency values. For example, when the UK voted to leave the European Union in 2016, the British pound dropped sharply against the US dollar in just one day. Other factors like interest rates and inflation also play a role. Even small changes in the exchange rate can significantly impact your transfer, especially if you’re sending a large amount.
To make sure you’re getting the most out of your transaction, visit a trusted money transfer branch and ask the right questions. Comparing options can make a big difference.
Here’s what you should ask before confirming a transfer at the branch:
- Are you giving me the current exchange rate?
- What are all the fees involved with this transfer?
- How much will the recipient actually receive?
By staying informed and asking the right questions at a physical location, you can avoid surprises and ensure your money goes further.
Need to Send Money Abroad? We’ve Got You Covered.
When it comes to sending money overseas, trust and reliability matter. At Order Express, we make it easy for you to transfer funds quickly and securely. Our customers count on our proven track record, exceptional service, and years of experience to ensure every transaction runs smoothly.
With licenses to operate in 25 states, a growing network of 70 branches, and partnerships with over 50 agents across the U.S., we’re one of the most convenient and dependable money transfer services available. Whether you’re sending funds to family, friends, or business partners, we offer one of the fastest and safest ways to get your money where it needs to go. Stop by any of our branches today and send money with confidence anywhere in the world.
Note: Order Express is registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and holds active money transmitter licenses in 25 U.S. states. All transactions are governed by strict federal and state compliance protocols, including adherence to the Bank Secrecy Act and USA PATRIOT Act.
Only Order Express-authorized agents, listed in our official MSB registry, undergo regular compliance reviews per federal and state laws. Unaffiliated third-party providers are independently responsible for their own compliance.
Conclusion
Transferring money internationally doesn’t have to be complicated. By choosing a trusted method, timing your transfer carefully, and asking the right questions, you can avoid scams, reduce fees, and ensure your money arrives safely. Visiting a reliable transfer branch offers real-time support and peace of mind. Whether you’re sending funds for family, business, or personal needs, staying informed and prepared helps you make each transfer count.
Disclaimer:
This guide is intended solely for informational purposes. Order Express adheres to the Bank Secrecy Act, USA PATRIOT Act, and other relevant state and federal laws. Always use authorized money services and follow the branch guidelines to ensure legal and secure transactions.
Order Express is registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and holds active money transmitter licenses in 25 U.S. states. All transactions are governed by strict federal and state compliance protocols, including adherence to the Bank Secrecy Act and USA PATRIOT Act.
FAQs
What is the safest way to send money internationally?
Using a licensed money transfer branch with in-person support is the safest and most reliable option.
Why should I avoid sending money on weekends?
Exchange rates are often less favorable, and transfers may be delayed due to market closures.
How can I avoid transfer scams?
Never share personal information, avoid rushed requests, and only use regulated transfer services.
Do exchange rates change throughout the day?
Yes, exchange rates fluctuate constantly based on global market conditions and financial news.
What details must I double-check before sending?
Always confirm recipient names, account numbers, destination country, and currency before completing the transaction.
