Transfer Money Overseas
Transferring money overseas, also known as an international money transfer, can be done through various methods. Here are some common options for transferring money overseas:
- Bank-to-bank transfer: This method allows you to transfer money from your bank account to the recipient’s bank account, using their account number, routing number, and SWIFT code.
- Wire transfer: This method allows you to transfer money quickly and securely, using the recipient’s bank account number, routing number, and the name and address of the recipient’s bank, as well as the SWIFT code of the bank.
- Online money transfer services: This method allows you to use companies such as Western Union, MoneyGram, PayPal, WorldRemit, and Xoom to send money to another person or entity in another country.
- Cryptocurrency: This method allows you to use digital currencies like Bitcoin, Ethereum, and Litecoin to send money internationally.
- Bank drafts or cashier’s checks: This method allows you to send a check made out to the recipient, which they can then cash at their bank.
It’s important to compare the fees, exchange rates, and transfer times of different methods before deciding which one to use. Additionally, you should also check the legal compliance and the security of the method you are choosing before making a transfer.
RemitM is registered with the Information Commissioner’s Office (ICO), the UK’s independent authority set up to uphold information rights in the public interest.
All clients’ funds are held in a dedicated client account separate from RemitM’s funds, in line with our regulatory framework and consistent with good practice.
We earn no interest from holding client funds, as your payments and transfers are not held by us and are remitted to recipients upon receipt.
Your data is transmitted in a secure way and all password data is encrypted.