Cheapest online money transfer: are you looking for the best affordable way of transferring or sending money online to your family or friends, we have detailed down the best that you can go for.
We all love cheap or affordable things especially when we are short of money or that we are low income earners. We tends to go for things that we can afford to do pay without affecting us on the long run and this also include looking for the cheapest online money transfer.
To send or recieve money is now easy and thanks to online money transfer that made it available for us to send and also recieve money through internet means. There are lots of companys offering online money transfer like moneygram, western union, ria etc which some of them charges at high rate. For example example if you use First Bank western union to make online transfer, the charge at high rate compared to when you go direct.
It is advisable to make your online money transfer direct than total go through banks in the case of cost of receiving or sending money. But if you are up to the task, you can make your online transfer through bank as some of these company’s are registered with banks.
It is not necessary that you will get have to go to the bank for online money transfer as many company’s across the world offer such services. And to make it better, we have detailed down the top 5 cheapest online money transfer around the world in 2018.
Cheapest Online Money Transfer
There are some that offers 100% free access without any hidden charges while some offer cheap rate fee.
My number one cheapest online money transfer if you are sending or receiving money in Nigeria. Transfast provides easy, secure and cost-effective money transfers to 200+ countries worldwide from thousands of retail agent locations across the Americas and Middle East, as well as online at Transfast.com.
Transfast is a service from WyndPay, a leading global payments company with 30 years of operating history, processing 7 billion USD in annual payment volumes and with over 700 employees headquartered in New York City and with offices in Mexico, India, U.A.E and the Philippines, among other locations.
You can check them out through https://www.transfast.com/
2. TorFX Online Money Transfer
TorFX is an excellent exchange rates, fast and free money transfers without any hidden fees and athorised by the FCA. If you are looking for a free online money transfer, then TorFX is there to do the business for you. This cheapest online money transfer is mostly used by those living in the uk, you can check them out through https://www.torfx.com/
MoneyGram is a global provider of innovative money transfer and payment services. Moneygram will connect friends and family throughout the world anyway that is convenient by providing a reliable financial connection for life’s essentials and daily needs. They offer services that have the ability to positively impact millions of lives every day.
MoneyGram is built upon a foundation of trust, reliability, innovation and convenience. Tens of millions of consumers around the globe depend on us to get money from point A to point B quickly and securely.
Know more about moneygram and how you can use it to send or recieve money online through https://secure.moneygram.com/mgo/us/en/
4. Western Union Money Transfer
Western union Company is an American financial services and communications company. Its headquarters is in Meridian, Colorado, although the postal designation of nearby Englewood is used in its mailing address. Up until it discontinued the service in 2006, Western Union was the best-known U.S. company in the business of exchanging telegrams.
Another cheapens online money transfer is the western union. Though their transfer fee depend on the amount of money that you are sending. Western union transfer fee starts from $5 for $500 money transfer and so on.
Top 5 Cheapest Online Money Transfer is Worldremit which help to send or receive money from UK, US, Canada to Nigeria and vise versa.
With worldremit, you can send to more than 145 countries around the world including the Philippines, Kenya, Nigeria, Zimbabwe and India, and choose whether your transfer is received as a bank deposit, cash pickup, mobile money or airtime top-up.
To use worldremit, go through here https://www.worldremit.com/
There are others that also offers cheap online money transfer like the likes of transferwise which varies on the amount you want to transfer, virgin money transfer, Hawk FX money transfer moneycorp which are all free to use.
And this is where i will stop it on the cheapest online money transfer but please note that i will also continue to update this post.