Money transfer Wire Transfer

How To Wire Money Online(2018 Guide)

Banking terms and definitions pdf

How to wire money online: we have provided you with the basic guide on how to send money internationally in 2018.

Wire transfer is one of the fastest means of sending money to someone abroad which can be done through bank or online. Both means of wiring money is good though through bank is bit costlier and better compared to wiring money online.

To wire money online is cost effective as some of these company’s like Ria, FastTrack, WU Moneygram etc offer less charges for any amount of money wired to abroad through them.

I have been receiving emails on how to wire money online which is less time consuming and can be done anywhere even in your house as long as you have wifi or mobile internet connection.

To wire money online, you have to use the best option on money transfer which includes through western union, moneygram, ria online money transfer etc. If you are new to wire transfer, i will advise you to use bank to bank money transfer and this requires the receiver giving you his/her bank swift code number.

As long as international wire transfer is concerned and through bank, you will have to get the receiver bank swift code number and this is used to identify the bank. SWIFT code which stands for Society for Worldwide Interbank Financial Telecommunication code. An internationally-recognized identification code for banks around the world. SWIFT codes are most commonly used for international wire transfers and are comprised of 8 or 11 alphanumeric characters.

How to Wire Money Online

So you may have been asking on how to wire money online, below are the methods which i’ve used especially through western union.

Wire money online through Western Union

How to wire money online

Western union is one of the best option and cheapest way to wire money. When it comes to sending or receiving money online, and in terms of wire money online, they are good also.

WU offers cheap fee when you are wiring money online though the higher the amount the higher the fee become. But bear in mind that the money wired will reach to its destination and they have a good customer service to attend to your questions.

To wire money online and trough western union, you will need first creat an account with western union and make sure that your profile details are 100% correct. Registration is free for all and no hidden charges.

Western union offers three option in wire transfer which are;

1. Send money for cash pickup

  • Log in to your profile. If you don’t have a profile, please register for free.
  • Choose country, amount and delivery method (cash).
  • Enter your receiver’s name.
  • Pay with your credit card 6
  • You’ll get a confirmation by email.
  • Save the tracking number (MTCN) to share with your receiver for pickup.

2. Send money direct to bank

  • Log in to your profile. If you don’t have a profile, please register for free.
  • Choose country, amount and delivery method (bank account).
  • Enter your receiver’s bank account information.
  • Pay with your credit card 6
  • You’ll get a confirmation by email with the tracking number (MTCN).
  • The money will be deposited into your receiver’s qualifying bank account.

3. Send money to a mobile wallet

  • Check available destination countries and mobile networks.
  • Log in to your profile. If you don’t have a profile, please register for free.
  • Choose country, amount and delivery method (mobile wallet).
  • Enter your receiver’s name and mobile number.
  • Pay with your credit card.
  • You and your receiver will get a confirmation alert in the form of an SMS 7 notification when the money’s delivered.

To wire money online through western union go through here

Wire Money Online Through Moneygram

How to wire money online transfer

Moneygram is another cheapest and best option to wire money online. To send direct to the recieve bank account, below is how to go about it on Moneygram online money transfer. S

1. Select a receiver

First is to select a receiver by indicating who you are sending to and select the country of the receiver. You will need your recipient’s full legal name.

2. Select ‘Account Deposit’

As the receive option when presented on the screen, and enter the amount you wish to send.

3. Choose how to pay

You can either pay with your credit1 or debit card, or directly from your bank account. The currency exchange rate and any fees will display on this screen.

4. Provide your information

Enter a little information about yourself so that we can verify your identity.

5. Send reliably

Provide information about your recipient, including their bank account number, then review and send!

How to send to a bank account in person

1. Find a location

Find a convenient MoneyGram location near you.

2. Bring your information

You will need your receiver’s full legal name, the bank name and bank account number. Account details vary by country with some countries requiring additional information. You will also need to bring the money you want to send.

3. Pay in cash & send reliably

Pay in cash, the amount you are sending, plus the fee. Your money is on the way! Funds are usually sent the same day or next day.

To wire money online and through moneygram, first register account with them, log on to your account and go through here

The likes of ria offers a secured online transfer to another country but their fees are are higher compared to others like Western union, moneygram, xoom, Transfast.

Bank Wire transfer

When it comes to getting adequate security and making sure that the receiver gets the money, use bank to bank money transfer. 

This method is so easy to use though bank will charge you a bit more compared to when you are wiring the money online. Below are the requirements need on bank wire transfer;

  1. Recipient bank name (the bank that the money is going to)
  2. Recipient bank Swift code, ABA code or other code
  3. Payee’s account number at the bank
    Any additional information you need to provide (further delivery instructions, etc.)

You can contact you bank and make an adequate inquiry on the requirements needed from you and also the recipient. Bank wire transfer takes from 1-5 days and they money will reflect on the recipient bank account.

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This is where i draw the curtain on how to wire money online, for further question please you are free to do that through the comment box. Don’t forget to share this post thanks.





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