SEND MONEY BY MONEY ORDER
If you’re looking for a reliable method to transfer money overseas and having some problems, don’t worry your not alone. There are so many different options and so many different companies that it can be difficult to even know where to start.
One of the less spoken of methods of transferring money overseas is that of transferring by money order. This method usually takes a backseat to the more flashy and expensive, internet and phone transfer services such as western union but for some people it remains a reliable and effective method of getting money to your loved one.
Basically a money order is an international statement issued by the united states postal service. Most people don’t even know that international money orders exist but they certainly do.
Generally international money orders are preferrable to people sending smaller quantities of money. A single money order can take a maximum of $700 per order and for one off transfers of money overseas can be all that’s needed. If necessary multiple money orders can be arranged up to a maximum value of $10 000 per day.
In terms of fee structure, the money orders can be alot simpler than some of the electronic processes. To send an international money order costs around $3 to $9 per order depending on the delivery location.
In terms of the receival of the money, the money orders that you send can be cashed in banks and post offices in most countries around the world. Again this becomes a factor when the question needs to be asked whether the receiving party has easy access to a bank or post office which in many cases is not so.
Furthermore if you personally are unable to access a postal service for you to create a money order, most banks in the united states will do the same thing for a nominal fee. With banks the charge is generally $10 per money order and they allow for orders up to $1000 at a time. Handy to know if your desired order amount is between $700 and $1000.
Although arguably not as reliable as the systems put in place by companies like western union, money order transfers can also be tracked to increase flexibility and control of the process for the sender. A number is given after the recipients details have been filled in and this number can be used to check on the status of the delivery also at post offices or by phone.
Full details on money order transferring is available at the united states postal service website or likely at your banks website if you are leaning toward that method. Don’t forget also to look into the option of sending checks by US mail as it varies again.
The purpose of this information is to allow you to make the best choice in your overseas money transferring mission. There are alot of variables but with good research an appropriate method can be found to transfer your money overseas while fitting your personal requirements.
