What is an International Money Transfer?
An international money transfer is a method of sending money from one country to another. It is typically conducted by tourists or students in one country who need money from a friend or relative in another country. With an expanding world of freelance workers, who are contractors that complete work for a business or individual from their homes, international money transfer is also used to pay freelancers who live in a country other than the country where the client resides. This practice is discouraged, however, as an international money transfer is intended to be for personal use. Completing an international money transfer is simple, and the money can be in the hands of the recipient within in a matter of minutes. To conduct an international money transfer, the sender must visit a Western Union location. These offices are available in 185 different locations, for a total of over 100,000 locations to select from. Once at Western Union, the sender must fill out a “To send money” form.
How to send money to the UK and other overseas destinations The international money transfer market is constantly growing with person-to-person money transfers representing up to USD $200billion a year in international flows (according to a 2005 Research and Markets report). Migrant workers sending remittance payments back home, importers, exporters, travelers and expatriates make up the largest sectors of people using international money transfer services.
An international money transfer is a method of sending money from one country to another. It is typically conducted by tourists or students in one country who need money from a friend or relative in another country. With an expanding world of freelance workers, who are contractors that complete work for a business or individual from their homes, international money transfer is also used to pay freelancers who live in a country other than the country where the client resides. This practice is discouraged, however, as an international money transfer is intended to be for personal use. Completing an international money transfer is simple, and the money can be in the hands of the recipient within in a matter of minutes. To conduct an international money transfer, the sender must visit a Western Union location. These offices are available in 185 different locations, for a total of over 100,000 locations to select from. Once at Western Union, the sender must fill out a “To send money?form. A
