Need to get money to that loved one in a distant country in a hurry? Do you have an emergency or just remembered that distant loved one’s birthday? Well gone are the days where you had to stand in a long in the bank and wire money through your account. Gone are the days where a bank transfer can take between 5- 10 business days, not including holidays and weekends! Take it from me. I lived in three countries and currently live in West Africa where you take high risk in giving out sensitive information, such as your bank account information, and social security number. In Ghana, a country that borders Nigeria, there are many fraudsters who will use your bank information and next thing you know your bank account is wiped out clean! Now you don’t have to worry. There are many, many apps, and online safe, fast and inexpensive ways to wire money to over 100 countries in the world!
According to an article published in 2016 in the New York Times, tighter regulations have been placed on wire transfers, thus costing businesses millions of dollars in losses. Sadly, some businessmen had to close shop despite having a proper state license, hours of compliance training, and all of their paperwork intact. Despite doing business honestly, sometimes good people have to suffer from the actions of criminals. This is why it is important to know your options and take advantage of the multiple wire transfer apps compatible with most Andriod and IOS systems.
Paypal is a very safe option to send and receive money. Paypal before was only available as an online option. Now there is an app alternative. With just a click away, you can use your email address as a safe alternative to giving out your bank account information. You also have two options to receive the money instantly for a small fee or for free with a minimal wait time of three business days.
Facebook Messenger: Who would have thought that Facebook would have allowed you to send and receive money? Now, this option is not available in every country. I would make sure that you know who you are sending the money to and that it is not a fake profile. Nowadays hackers have been duplicating profiles by hacking into your friend’s account, stealing a few of their friend’s profile photos to make it appear as if it is really their personal page. It is advisable that when you are sending money through Facebook Messenger that you have a secret question about yourself or your friend that you would only know the answer to.
Top Apps to send Money Worldwide:
Ria Money Transfer: Ria Money allows you to wire money to over 350,000 locations worldwide. Currently, you can transfer money through Ria and get a $10 Amazon gift card. If you refer friends and family, you will receive $20 dollars when you refer friends and family. Most transfers also happen within 15 minutes or less. You can also track your transfer on the Ria Money Transfer website.
World Remit: World Remit is an app that allows you to send money to over 120 countries worldwide. You can also send mobile money or receive cash. In addition, it also allows you to send airtime. There are some international requirements that vary from country to country and a limit to how much you can send at a time. You have to check with the requirements of the country you are sending the money to. Fees vary depending on the amount you transfer.
Western Union: Why wait in line and waste time going to a physical Western Union Branch when you can send money the same way with the app? Most countries in the world allow you to even wire transfer money to yourself via Western Union! The advantages of the Western Union app is that it transfers over to most currencies, you can also pay with Apple Pay and a cash card! It also allows you to calculate the exchange rate prior to sending the money including the transfer fee deduction.
There are also several other available online options to send your money in a safe secure way. Most of the time when you are setting up an account through one of these online services, it would ask you for a phone number to send a security code. However, it is always advisable to periodically change your password when using these online bank transfers and apps. For a complete list of the top safe and secure wire transfer apps, you can go to the Digital Trends Website.