Depending on whether you’re sending money domestically or internationally and what country you’re sending to, the best service. It will also based on what bank accounts you need recipient have. Forbes Analyzed nomerous money transfer services to determine which was the best for a range of categories. And these severals ways to transfer money.
Paypal
Paypal is an American Company operating a worlwide online payments sistem that support money transfer and serves as an electronic alternative to traditional paper method like check and money order. Paypal is the best ways to transfer money for domestic peer to peer transfer and domestic transfer of large amounts.
Zelle
Zelle is a United States based digital payment network owned by Early Warning Service, is private financial service company owned by Bank of America, PNC Bank, Citibank, US Bank, JPMorgan Chase and Wells Fargo. The Zelle service enables individuals to electronically transfer money from their bank account. During Q2 2019 Zelle have been transfer $44 Bilions. The Zelle is best way for fast domestic bank transfer.
WorldRemit
WorldRemit is an online money transfer service that provides international remittance service, now WorldRemit had around more than 3 milion user. User can send money to another people in over 140 countries. WorldRemit is best way for fast international cash transfer.
Transferwise
Transferwise is a British online money transfer service based in London. The company support more than 750 currency.
Remitly
Remitly is an American online and mobile payment service company which provides international money transfer. Remitly is best way for sending from the developed to the developed world.
As with any money transfer keep in mind that some are slower than others, so the cheapest might not always be the best and depending on the urgency of your remittance.
Source : https://www.hatimeru.com/2019/11/best-way-to-transfer-money.html
