I am sending money to India. How do I determine which provider is the best?
When you send money overseas via a remittance transfer provider, you have to vet all the providers. To determine which provider is best , you can use this checklist.
- A reliable provider typically must :
- Disclose all the taxes and the fees applicable when transferring money
- Have adequate security measures when signing up for an account along with setting up your own pin & give you multiple ways to access your account
- Give out correct information on how much & when the money will be available
- Provide you with instructions on your right to cancel the money transfer
- Give you the right to submit a complaint for investigating transfer errors
- Give you a chance to cancel your transfer
- Must disclose their detailed privacy policy
- Should be reachable 24/7 via email, phone or other communication channels.
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Money Transfer FAQ's
