- No transfer fees
- Price match guarantee
- Dedicated account manager assigned to you
- Forex tools available
It can be enough trouble keeping up with bills at home without having to worry about managing them from abroad. Nevertheless, you need to pay your home loan wherever you happen to be, and utility bills and business expenses often can't wait for you to return home. Or perhaps maybe you need to help out family living abroad.
International money transfers aren't complicated or expensive and newer online providers are undercutting the competition on exchange rates, fees and speeds — as well as making it easier than ever to get your money where it needs to go around the world.
You have a few options when it comes to paying bills overseas. One is for you to find out if your existing bank offers international bill-payment services, and your other option is to register with an online bill payment facility provider. In either case, bear in mind that all international money transfers, bill payments included, depend on exchange rates between any two given currencies.
When it comes to receiving money from overseas, international transfer providers give you multiple options from which to choose. You can collect cash from a designated location, receive funds on a prepaid card, funds can transfer directly into your bank account, and certain providers also offer mobile wallet deposits.
Bear in mind that sending and receiving money internationally depends on exchange rates that are subject to change on a daily basis. In addition, service providers tend to charge a fee for such transactions, and they normally deduct this from the transferred amount.
Paying any international bill requires you to know if the amount remains the same each month or changes.
Businesses that offer international bill payments alternatives, in addition to charging fees, also make money by offering lower than existing market rates. This is why some businesses offer better rates than others.
The name of the service provider you wish to pay, your account number with the provider in question, and the amount you wish to pay.
This essentially depends on the provider you choose to deal with, because certain providers have such limitations in place.
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