After sending money, keeping an eye on the status and secure delivery of your money transfer is very important.
Most of the financial institutions have online tools on their website that allow you to track the money transfer. If you have carried out the money transfer via a bank, you can track your transaction by entering information like the tracking number and beneficiary's account no. on the bank's website.
When you send money via services like Xoom, Western Union, or Remit2india, you can always track your transfer by logging into your account on their website. The status tracking tools on the websites of these services keep the customers updated about the change in status. The recipient can also check the status of the transfer online. The check transfers and bank draft transfers can also be tracked online. Some of these institutions even provide updates via email and SMS where the sender and the receiver can keep a check on the status. A few companies like ICICI's Money2India and Xoom have mobile apps that enablecustomers to check the status of transfer on their mobile devices.
Thus, keeping a track of the money transfer transactions is not difficult if the financial institutions are reliable. But reliability of the institution should not make you lax in keeping a tab on the hard-earned money you sent.
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