There are numerous instances or people wanting to send money overseas in a hurry. For instance, you might need to send some money to a friend who needs it urgently or you may want to make a payment toward a debt before an impending due date. Fortunately, you can now make use of same day transfers to ensure that the money you send gets to its destination as quickly as you like.
Same Day Overseas Money Transfer Options
While some of the leading banks offer same day expedited transfers, you’ll probably end up getting a less than favorable exchange rate and paying steep fees. Some specialist money transfer companies let you transfer funds to agent locations, and these transfers usually process within minutes. Some companies provide same day bank account transfers. With some, you may transfer money to mobile wallets in close to real time.
Cost of Same Day Transfers
How much you end up paying for your transfer depends on the company you select, where you live, the destination country, the mode of payment, and the transfer method. If a company differentiates between regular and expedited transfers, expect the latter to come with added fees. Sending money to a cash pickup center is usually more expensive than transferring funds to a bank account. If you plan to pay using a credit card, prepare to pay an additional fee. Bear in mind that the exchange rate you get also affects the cost of your transfer.
Depending on the urgency, you may choose to send money to a cash pickup location or a bank account. While transfers to physical locations are typically more expensive, they tend to be quicker as well. No matter which method you choose, take some time to compare your options well.