Transferred Money

Money transferred refers to the process of sending money from one person or entity to another, either domestically or internationally. There are a variety of ways to transfer money, including bank-to-bank transfers, wire transfers, cashier’s checks, and online money transfer services.

Each method has its own advantages and disadvantages, such as fees, transfer times, and security. Some common options for money transfer include:

  1. 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 and routing number.
  2. 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.
  3. Online money transfer services: This method allows you to use companies like Western Union, MoneyGram, PayPal, WorldRemit, and Xoom to send money to another person or entity.
  4. Cryptocurrency: This method allows you to use digital currencies like Bitcoin, Ethereum, and Litecoin to send money internationally.

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.

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Data Protection

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.

You can visit the ICO website to learn more about data protection or search the ICO register to view details of Remitm’s registration (Registration Number: ZA526026)

Client Funds

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.

Online Security

Online security is given a very high priority. Our online payments and money transfer system uses the same technologies as online banking for security.

Your data is transmitted in a secure way and all password data is encrypted.

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