Travel Money

Sending money internationally has been a matter of concern and is full of misconceptions. People often struggle with the process and remain fearful of the fact whether their money reaches its destination or not. However, with the advent of modern technology and online platforms, international money transfer has become easier than ever.

So, through this write-up, let's get an overview of the process for a better understanding and hassle-free money transfer across the world.

How to Send Money from the UK?

Sign up or log in

The process begins with signing up or logging in to the SterlingFX portal. If you're a new user, sign up, and if you're an existing user, log in with your credentials.

Enter recipient details

Next, you must enter the recipient details properly, including the names, account numbers, and necessary bank information.

Choose the amount
and currency

To proceed, input your amount and choice of currency. We will convert the amount, and you can then proceed.

Select payment method

Now you can confirm the payment method. You can choose among debit/credit, bank transfer, demand draft, etc.

Review and confirm

Double-check all the details, including exchange rates and fees. Confirm the transfer to initiate the process.

Track your transfer

After confirmation, you can track the status of your transfer through your SterlingFx account.

Benefits of Using SterlingFX to Send Money Internationally

SterlingFX is one of the leading names in this industry, and what sets the company apart is its dedication to providing each customer with a hassle-free and reliable international money transfer experience. Some benefits that you will enjoy on SterlingFX are as follows -

Easy and reliable

SterlingFX promotes the best ways to send money for its customers. Every process is easy, reliable, and beginner friendly.

Affordable money transfer

SterlingFX offers cheap money transfers, enabling people from different strata of society to access these services. SterlingFx has competitive fees and a transparent service record, which ensures you do not lose money while transferring.

Competitive exchange rates

With SterlingFX, you benefit from the best exchange rates in the market. So, you get the best value for your buck and transfer the funds seamlessly.

Security

SterlingFx employs advanced security measures to protect your funds and personal information, giving you peace of mind.

Exchange Rates and Fees for International Money Transfer

SterlingFX offers the best competitive exchange rates and fees to send money abroad. The rates are updated constantly to reflect real-time market fluctuations. When it comes to additional fees, SterlingFx follows a transparent and straightforward policy. You can view the fee structure before completing your transfer, ensuring there are no hidden costs.

How Long Does International Transfer Take?

The Society for Worldwide Interbank Financial Telecommunication manages all money transfers across the world outside of the EU. According to them, the factors that influence the time to send money abroad are:

Destination bank

The efficiency of the recipient's bank can affect how quickly the funds are credited to their account.

Country of receiving bank account

Transfers to different countries can have varying processing times based on local banking practices and regulations.

Transfer amount

Larger amounts may undergo more rigorous checks and take longer to process.

Compliance checks

Regulatory and anti-fraud checks can sometimes delay the transfer process.

Intermediary banks

Transfers routed through multiple banks can take longer due to individual processing time at every step.

Issuing bank

The speed at which the bank initiates the transfer can also impact the overall transfer time.

Currency exchange

Converting currencies can add an extra step to the process, potentially affecting the transfer time.

On SterlingFX, most payments are instant. Moreover, we follow the best way to send money abroad, which is hassle-free and less time-consuming. Sign up now to SterlingFX to explore our cheap money transfer services.

Tips for Safe Money Transfers

Here are a few tips on the process of send money online internationally:

Choose the type of transfer that is best for you

There are multiple ways to transfer money internationally, such as bank drafts, money orders, etc. You should choose a type that suits your requirements the best. But, before that, learn about each process and its effectiveness and then decide.

Have an idea about exchange rates and fees

If you want to send money abroad then you have to have a clear idea about the exchange rates and fees. Exchange rates fluctuate over time and might be affected by the bank or exchange provider you choose. So, consider and compare the exchange rate and find the best one before proceeding.

Use secure networks

Perform transactions over secure, private networks rather than public Wi-Fi to protect your information. Moreover, only send money to trusted recipients and be cautious of unsolicited requests for money transfers.

Final Thoughts

Hope you have understood the basics of international money transfer with proper safety measures. Before sending money you should thoroughly check the exchange rates and fees so that you don't face any hassle at the time of transferring the amount. Try SterlingFX for the safest, quickest, and easiest ways to send money across the world.