MONEY TRANSFER

What is Money Transfer?

Use a Money Transfer company to send and collect money around the world. Companies such as Western Union and MoneyGram are the best known but there are many online providers of this service.

Some will allow you to send money far afield, ready for your chosen recipient to access the funds from an agent near them. Others - such as PayPal - will allow you to make the full transaction online from the comfort of your own home.

Is it safe? Yes, and most companies are regulated by a governing body such as the Financial Services Authority - just check the website Terms and Conditions if you are unsure.

How quick is it? It should be pretty fast and easy to make a transfer - they can be anything from instant to 3 business days to arrive at your chosen destination or recipient bank account.