In this global era, it is only logical when you also have the so-called global remittance. Nothing is really limited anymore, not with technology and the internet. It is possible and very easy to send out money to other countries. We don’t use paper documents and the manual system anymore; we use the online system and digital transaction, which makes everything easier and faster. However, you also need to be extra careful when doing this action. Never take it for granted because you may lose your money if you are being careless.
Choosing the Right Provider
It is very important to choose the only reliable and trusted money transfer agent. There are so many services out there, so how can you be so sure that you only choose the right ones? Here are some signs that you are dealing with a not professional agent.
- They don’t require any documentations from you. Keep in mind that documentation is important, especially it is about your personal identity. Even when you choose an online agent, they will require you to send a copy of your identity and probably a copy of your bank account. When an agent says that you can avoid the hassle by not providing any documents (even for the identity), you should walk away.
- They don’t want to have any signed or written documentation with you. It is very common for money transfer agent to make a deal with you through the signed agreement. When they don’t have one and they don’t want to have one, you should leave.
- They aren’t straightforward about the basic information, such as the exchange rate, the fees details for the transaction, and so many more. If they don’t put this information ahead, you may have to face with hidden fees – and they are usually a lot. Avoid this kind of provider.