When it comes to sending money to your friends and family, especially if you live in different countries, a money transfer app can be an ideal choice. Whether you’re repaying money you’ve borrowed, pitching in to buy something or sending money to help out your family members back at home, there are lots of different transfer apps available that you can use to make fast, convenient payments from your phone wherever you are. Choosing the right app is important to ensure that you have a convenient and seamless experience. Some of the main things to look out for when you choose a money transfer app include:
Availability
If you are planning to send money abroad to your family, then you will need to make sure that you are using an app that’s not only available where you live, but also where they live. Many money transfer apps will require both you and the person you are sending money to have the app downloaded on your devices. Look for an app that is available in both your country and your family member’s country – Ria international money transfer is available in over 160 countries.
Reliability
If you have family members back at home who are relying on you to help them out financially, then you are going to want a money transfer app that you can rely on to do that. The reliability of the payments you are making is a huge factor to consider when it comes to choosing the right app to use. You’ll want to be able to send payments that you know are going to reach the right place in a decent time frame.
Speed
Another thing to consider is how long the money transfer will take to reach the person you are sending it to. One of the main reasons why lots of people have moved away from wire transfers and other international transfer options is that these can often take a few days to clear. If you’re choosing a money transfer app, then look out for one that is fast – ideally, the person you are sending money to should have the cash instantly, or at least on the same day.
Fees
Another factor to consider when it comes to choosing the right app for international money transfers is how much it is going to cost you. Many domestic transfer options don’t charge a fee, but if you are sending money internationally, then you may have to pay. Money transfer apps are often a cheaper option compared to international bank transfers or wire transfers, but it’s a good idea to spend some time weighing up the different fees and learning more about how fees are charged – for example, if it’s a flat fee or a percentage of the amount you are sending – to help you find an option that fits your budget.
With lots of people working abroad and sending money back home to help their families, choosing the right international money transfer app to facilitate this is essential.
