Online transfer apps are one of the greatest conveniences ever invented! With them, you can send money overseas quickly, easily — quite unlike the old-fashioned sending processes with traditional brokerages.
However, not all online transfer apps are the same. To really ensure the best benefits when sending your money abroad, you need to know how to choose the best and safest app!
To help you with this task, we have separated below the information you should check out before choosing your online transfer app. Interested? Read on!
Choosing an online transfer app: 5 things to consider
There are several features that may or may not come in an online transfer app. Some of them make the transfer more secure, while others make your transfer take no more than a few clicks.
Check below for tips on how to choose the best app!
1 — Choose only official apps
The first point is not exactly a feature, but it is the one that ensures you won’t fall into any traps. Only download online transfer apps from official stores such as Google’s Play Store or Apple AppStore. This not only ensures that the application is safe, but also that it will work well on your smartphone.
2 — Look for a simulator
Your online transfer application should have, a transaction simulator. With it, you should be able to simulate a transfer considering the day’s exchange rates1 so that you know how much money you will send before you have to complete a transfer. This allows you to follow the fluctuation of the exchange rate1 and choose the best time to send your money.
3 — Check how the money is sent
There are several ways for the recipient to receive his money abroad: either through a bank account, a digital wallet or even by picking it up at an authorized physical store. That’s right! Some apps make it easy to send money to people who don’t have a bank account in the country of origin. So, look for an online transfer app, like Western Union!
4 — Analyze countries and currencies
A good online transfer app will let you analyze several different countries so that you can understand different fees and exchange rates1, no matter where you want to send your money. Find out which countries and currencies the app serves and where it has partners located around the world, to ensure a fast and efficient transfer.
5 — Check the permissions
Finally, it is also important to check which permissions the app requests from you. The permissions requested must make sense and be compatible with the transfer service provided by the application.
Download our app from the official stores and enjoy our online transfer services!
1 Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors. Fees and rates subject to change without notice.
