Are you buying a property overseas or making a large investment of any kind in another country? The only question pression on you mins is the need to find a reliable company that can transfer a large sum of money from the US in the most convinient way.
With the advent of globalization and flourishing market of remittance, the need to transfer big amount of money is also growing. Transferring large amount of money overseas requires a secure and efficient mode of money transfer.
How to Transfer Large Amount of Money Overseas?
An important factor to consider while sending such large amount is to get the best exchange rate possible. Even small variations in exchange rate can make a huge difference if the number is big. But the main concern should be the safety and security of the transaction.
Most of the banks do not have a high transaction limit via ACH but a few banks like Axis Bank allow large amount of money to be transferred via ACH money transfer. Check Transfers offered by a few money transfer services are also another option, but they can easily take around 20 days
By far the safest way to send big amount is via bank Wire Transfer. Thorough background checks are conducted and stringent security measures are followed prior to and during the transaction. Both the sender and the receiver have to show proofs of identity in order to send and receive money respectively. These proofs of identities are scrutinized thoroughly before the transaction is approved and completed. The information sent via Wire Transfer is difficult to intercept making the transaction secure. In addition, Wire Transfer can be one of the fastest ways to send large amount of money.
If you are looking to get a better exchange rate so that you can maximize your transfer amount, another great way to send larger amount of money overseas is to use Foreign Exchange Services like Venstar-Exchange or OFX. WorldFirst is a great way to send money overseas to more thanb 120 countries with mid-market rates and $0 transfer fee ($10 transfer fee under $10,000 transaction). Transferwise, an online international money transfer, provides a platform to send money overseas to more than 52 countries with mid-market rates that makes it up to 89% cheaper to send money abroad. Moneycorp is one of the foreign exchange specialist company with over 35 years experience in currency exchange offering services to individual and corporate customers. USForex is a reliable way to send money internationally and they offer good exchange rates than your bank. best and reliable way to send large amount of money. A plus with such companies is that each of these companies are reliable, trustworthy, best and reliable way to send large amount of money.
The fee charged by the banks to complete the transaction depends on various factors like the bank policies and its location. The cost of Wire Transfer of substantial amount of money can be high in a few locations. As there is no standard fee associated with Wire Transfer, you have to make sure that you investigate and shop around prior to making the Wire Transfer with a particular institution.