Do I need a money transfer service every time I want to send money to another country?
Yes, in most cases you will need a money transfer service if you want to send money to another country. While your bank can provide this service, they often charge high fees or offer low exchange rates. Alternative money transfer services have emerged that can transfer your money with more favorable rates.
Which money transfer service is the best?
The best money transfer service for you will depend on your specific needs and preferences. On SendMoney.today, you can compare different services and their costs, and use the SendMoneyScore to see how satisfied other users are with each option.
Is the SendMoney service free?
Yes, using SendMoney.today is completely free for users. Most of the money transfer services available on the platform are partners of SendMoney.today, and they may pay the platform or offer benefits to users who sign up through their links. However, the money transfer services themselves may charge fees for their services.
What are the different types of fees associated with money transfer services?
Money transfer services typically charge fees in one of three ways: zero fees, inclusive fees that are deducted from the amount being sent, or exclusive fees that must be paid in addition to the amount being sent.
Why does the amount displayed in the 'send money' section sometimes appear to be slightly higher?
This is usually because the service uses an exclusive fee structure, where fees are charged separately and in addition to the amount being sent.
What is a straight exchange rate?
A straight exchange rate is a rate that incorporates all fees into the calculation, effectively making the fee zero. It is calculated as the target amount divided by the source amount.