Published On: Tue, Jun 11th, 2019

How Online Money Transfer Operators (MTOs) are Making International Remittances Easier, Faster and Safer

By Sharon Kalipai

The ability to transfer funds online is very useful when you have mortgages to pay, and an extended family to support back home. In spite of the recent IT advancements, many people still prefer a brick and mortar financial institute over an online money transfer service. They agree to pay exorbitant bank charges and wait for days to get their checks cleared. It seems people are unaware of the benefits they could get when they send international remittances using a service provider like Ria Money Transfer. The transactions are not just easier but also are faster and safer. If you’re skeptical about the prospects of online money transfer operations (MTOs), here are a few benefits of money transfer services that you should consider.

photo Gerd Altman via pixabay

Safe and secure transactions

International remittance service providers are much more efficient, adept, and technologically updated than they used to be a decade ago. Most money transfer companies have a secure system in place to handle fraudulent activities. Instant verification of the funds sent and received is created. Plus, these companies are monitored by regulatory bodies and undergo audits on a regular basis. That said, not all providers ensure a safe transaction. This is why it’s important to do your research and choose a provider that has a good reputation among the users of online money transfer services (pro tip: use Ria money transfer in order to stay stress-free).

Reduced transaction fees

Using banking service to transfer funds can cost you more because of the added fees, commission and other exorbitant charges over a single transaction. MTOs charge very low as compared to banks, thereby helping users to save a significant amount of money.

Easy accessibility and speedy transactions

Gone are the days when you had to carry cash along to the bank, deposit it and wait for 3-7 business days for it to be received or processed. With online money transfer services, one can send funds online within the comfort of their home or office. Even a laptop is not required, a cell phone with a stable internet connection will do the job. Plus, the transactions are processed almost instantly within minutes. The speedy money transfers make it much convenient to pay your bills on time and stay on top of your finances.

24/7 money transfer service

Since most banks remain closed on Sundays and other holidays, sending money overseas can be problematic. But you can still transfer funds any time during the week if you choose a money transfer service. These operators are at your disposal 24 hours a day, 7 days a week.

Hassle free sign-up

Customers are not required to fill out lengthy forms in order to sign up with the MTOs. Basic information like address details, phone number, and email id and personal documents like a government-issued ID are needed for verification. That’s all!

Lowest foreign exchange rates

Money transfer operators offer the most reasonable exchange rates to their customers (both parties). These rates are lower than the rates offered by banks for the money sent or received. If this doesn’t tempt you, we don’t know what will.

By using a MTO, you can easily transfer money to any part of the world. You no longer have to take an off from work and wait in the long queue outside the bank. It’s crucial to make sure you balance life miles apart from home and don’t end up losing money in between. There are many providers trying to make a profit by charging an additional amount on top, so it’s vital to choose a provider like Ria money transfer to ensure the cheapest and safest transaction.


About the Author

Sharon Kalipai is a contributing writer at Sparkwebs LLC, a Digital and Content Marketing Agency in Denver, CO. When she’s not writing, she loves to travel, dance and read books.

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