You can send money to other
countries using international money orders.
Therefore one may use the
money order or International money transfer service.
Money order is a financial
instrument, issued by a bank or other institution, allowing
the individual named on the order to receive a specified
amount of cash on demand.
International money orders
are a safe, convenient, and economical alternative to
sending cash through the mail. They can be purchased from
any Post Office™ locations as well as from any rural route
carrier. A current government-issued identification is
required for money order purchases.
Wire transfers can also be
offered by the Postal Service. Your recipients can receive
their funds from various bank branches up to $2,000 per day.
For any international transfers identification is required.
According to the amount you send, a fee will be charged for
each transaction. Your recipient’s name on their
documentation should match exactly the name on the money
transfer.
Money Order
Money Order Service
Usually multiple money orders
are subject to a daily maximum of $10,000. Your recipients
will get local currency upon cashing their money orders. 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 serving
foreigners send money home that are developed by major U.S.
banks as well as local smaller banks.
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.
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.
Money orders are safer than
checks, for purchaser and recipient. It's prepaid, so it
can't overdraw the purchaser’s bank account.
You can purchase money
orders in post offices, banks, convenience stores and
check-cashing businesses. You can also purchase money orders
online, and the company forwards the money order to the
payee.
Money orders usually have no
expiration date. However this policy should be disclosed on
the money order itself.
One of the major
international money transfer organization for the
individuals is the Western Union.
With over 334,000 locations
around the world in 200 countries and areas worldwide,
millions of people use Western Union to send money.
In addition to online money
transfer, you can use Western Union to send a domestic or
international money order.
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