S
Cash4u.com Home > Transfer Money Overseas
 

Advice

Cash4U's Cash Expert is Dewitt Bright. Read his tutorial on Transfer Money Overseas here.

Transfer Money Overseas
 

Wire transfers can be offered by the U.S. Postal Service. Your recipients can receive their funds from various bank branches up to $2,000 per day. For transfers exceeding $1,000, proper identification is required. According to the amount you send a fee ranging from $10 to $20 will be charged for each transaction. Your recipient’s name on their documentation should match exactly the name on the money transfer.  Money orders may be subject ot a daily maximum of around $700 and often there is a daily maximum of around $10,000 on multiple money orders. Your recipients will get local currency upon cashing their money orders. Local or damaged money orders can be claimed with a valid receipt. The cost of $3.25 each applies to any International money order of a value up to $700. Money orders can also be purchased at banks at a slightly higher price.

 There are programs that some major U.S. banks as well as local smaller banks have the serve foreigners sending money aborad. Please check with you bank for their specific rules. Recipients can claim their money from partner banks where the funds were wired. Certain banks may require you to have an active account with them, so research your local branches for such services. You can also send funds by purchasing stored value cards offered by major U.S. banks. These cards are similar to credit cards with the difference that the amount has to be deposited in advance. Recipients can name purchases at stores that accept major credit cards or withdraw money from various ATM locations. Several banks will issue a check card connected to your U.S. account for your family members abroad. Check cards withdraw funds directly from your checking account and look like common credit cards.

 

 

 

 

 

 

Transfer Money Overseas Sponsors