Sunday, May 20, 2012

Brooding about the simplest way to transfer money abroad

By Wendy Stephens


How to send cash abroad to family or get from them? Nothing could be easier, if, naturally, to choose the way of translation. And the options to try this, set, and each has its advantages and disadvantages. You need to use the services of global payment systems to transfer money abroad from one account to another, or send a money order. And if you have got a computer and the Net can send them by electronic payment systems WebMoney, PayPal, for example.

International Payment

The leaders of the money transfer market in UK is historically thought to be world payment systems Western Union and MoneyGram, which account for more than 50% of all transfers in Ukraine and abroad. And this is no accident, because their services can be employed in most banks and post offices abroad and in Ukraine. Get translations to the recipients inside 15 minutes after submitting. And to send cash, there is no need to open a bank account. The only problem of these systems are international rates. The cost of interpretation depends on the country of the recipient and the amount and ranges from $ 10 - $ 235, that is, $ 1 To send one thousand families in one of the CIS countries will cost $ 37, and in the bordering Ukrainian area - UAH 40.

But you can order a complimentary transfer to home delivery or notification recipient over the telephone on the flow of money. Compete on a different system could speed remittances by people without creating an account - MIGOM. The amount of commission she had 2 - 3% when the transfer mandrel in dollars and Eurodollars, 1.5 - 2% - in rubles, that is, sending thousands of $ 1 will cost $ 20 - 30. At the exact same time transfers MIGOM addressless, meaning they can be procured at any service point in the country.It has similarities in features a system of cash transfers Blizko. The rate of delivery of 10 minutes, don't bind to the address of each transfer is protected 8-digit unique reference numbers.

But the rate depends only on the amount of money transfer and currency - the larger the amount, the lower the commission. Incidentally, within 10 minutes warranted delivery and transfer of RIA, "Leader", "Fast Mail" and "Golden Crown." And they do not have the fixup, and the fee for service is 1.5 - 2% dependent on the recipient country. And yet don't require to open an account to interpret. In order to transfer money, enough to show a passport (and for sending amounts north of 15 thousand UAH. And identification code - this is the duty NBU).

Though except for the clear advantages of such a delivery of cash, the world payment systems, there are a few drawbacks. As an example, limiting the amount. If you have got to send more than 15 thousand UAH, The sender will have to open a bank current account. The maximum amount is limited to sending State Bank at 50 thousand UAH. A day. Additionally, payment systems do have limitations on the issuance of the sums in one trading day to one consumer. According to "Prostobankkonsaltinga", for instance, MoneyGram, ?Anelik" a daily limit of 10 thousand euros or dollars, Western Union, Coinstar, Unistream and the bulk of others, and even less - a day 5,000? Or $. So if you would like to convert, for instance, the whole amount received from the sale of real estate will have to either go to the bank for a couple of days, or find alternative ways of sending cash.

In the last quarter of the foreign nationals were likelier to send cash earned back home. According to officially announced figures from the Central Bank for the second quarter of the current year from UK to the neighboring country thru remittances were exported $ 2.54 bn., up 20% more than the same period last year. The front-runner in the growth of remittances was Ukraine that sent 40% more than the 1st, followed by the addition of going to China in 36%, Uzbekistan - 34%, Tajikistan with an increase of 30%.




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