The money transfer guide offers news and tips on sending money internationally. We cover industry trends, provide money transfer tutorials, and give you tips to help you send money for less.
Trends in Global Money Transfer
- Market Size is huge: $250 – $300 billion per year
- 175 million people live outside their country of origin
- Market growing at 5-12% annually
- More than 33 million immigrants in the United States (11% of the total population)*
Transfer Money Easily – Know your Options when you send money online
While the number of people in the United States needing to send money has grown substantially over the past 20 years, options in transferring money have exploded as technology (internet usage, payment processing advances) and competition compete for a bigger piece of the remittance market.
Whether you send money regularly each payday or only occasionally, the money transfer guide can help you cut through the confusion, red tape, and confusing terminology to let you save money. Those who need to wire funds regularly will benefit the most – we'll help you review costs and options for delivering funds.
Options and Competition
Users have a number of options when sending money – and its an area that's been expanding quickly as competitors, technology, and convenience have driven the market. In many cases, your end choices will be largely determined by the receiver and whether they are receiving money in cash or check or if funds can be deposited directly into their bank accounts, stored value accounts, or onto debit type cards.
Costs for some options, particular instant cash for your receiver remains the most expensive option. You'll want to compare your needs and weigh how often you need to send money and what's convenient for your family receiving the money – we'll help show you how and where extra hidden costs are so you can make an informed decision.
If you send money frequently, its easy to get confused by the number of choices and competitors. From banks, money transfer companies like Western Union fee calculator, Xoom, iKobo, icici, MoneyGram, and others we'll help show you the benefits of each and where you can help save yourself time and money.
Make an informed decision and take advantage of the dramatic advances in person to person money transfer options now available.
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