International Money Transfer
Money can be transferred around the world in a variety of ways. These include
- Telegraphic transfer
- Bankers Drafts
- Travellers Cheques
- Cheques drawn on your own bank account at home.
But if you're looking to transfer money quickly, your options include:
Instant transfer - companies such as Western Union and MoneyGram claim to be able to put money around the world in minutes. While all the leading banks and some building societies offer a service which will usually be cheaper but take a little longer, usually a few days.
International money transfer tends to be used by:
- people who want to move funds around to fund overseas holiday homes and keep family members in funds.
- business travellers
- The leisure traveller who needs emergency money if stranded or the victim of a mugging or burglary.
- people to pay emergency medical bills abroad.
- student travellers overseas.