5 Ways to Make International Transfers

Sending money globally can be a difficult task due to high shipping costs and waiting times of around three or more days. Not sure how to send your money abroad? Here are 5 ways to send it, so you can choose the one that best suits your needs.

As a first option, we have bank transfers, which are considered to be one of the safest and most reliable ways to send money abroad. They can be done through a bank branch or online. However, they usually take one to five business days, shipping rates may be higher and identity verification requirements become a very rigorous process for companies and individuals.

In addition, we can find the online money transfers, where there are a large number of companies like PayPal, TransferWise and Xoom, which provide this service at low costs and are usually faster than bank transfers. However, these services may not be available in all countries worldwide and the rates, or exchange rates, are often less favorable than those of traditional banks.

Sending money in effective It is another alternative, it can be an easy and fast option, and it can be done through remittance companies such as Western Union. Although this type of shipment may be more convenient in terms of timing, it is important to keep in mind that sometimes transfers can be rejected because they cannot confirm the identity of the sender, due to the internal policies and regulatory standards of each remittance company.

Another option is to send money through credit or debit cards. It's a quick option that can get you out of trouble. However, shipping rates tend to be very high, and they can also be considered as a purchase abroad, which may be subject to additional fees, not to mention the high interest rates charged by banks and which have become a controversial topic in personal finance every day.

Finally, we have Zulu Transfer (sign up here), the option that we recommend the most. Our platform makes it easy for you to send money globally, and it's also an excellent tool for charging customers abroad and paying suppliers, including freelance services. The recipient will receive their money in a few hours at the bank of their choice and in their local currency, with no additional fees and without the need to wait days to receive their money. Shipping rates are more favorable than those of traditional banks.

It is important to evaluate the different options offered by the financial market in order to expedite and send your money safely. We recommend that you compare shipping rates and the days on which you will receive the money.

Learn more about Zulu Transfer and start moving your money without borders.