The first time you wire money overseas, you're faced with some unfamiliar terms at checkout: spread, payout amount, correspondent bank, KYC. It's not complicated when explained properly, but providers often don't bother and that's where people make
Read moreIf you send money home regularly, you already know that two providers can quote the same fee and still leave your family with very different amounts. That is because there's more to the fee than there seems to be
Read moreYou can lose money two times sending money to Somalia; you pay a visible fee... and then silently get clipped on the exchange rate. The majority of the people pay attention to the former
Read moreYour cousin in Houston sends $200 to his mom in Guatemala. He hits “send,” feels generous for five seconds, and then the payment gets shaved down by fees, a worse exchange rate than the one on Google, and sometimes a mystery charge on the pickup side
Read moreYour safest way to send money abroad is always to make sure you choose a trusted provider and get clarity on the price, speed and reliability
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