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Sending smaller amounts?

Sending smaller amounts (100-200 USD) is not getting complex at all. Most of the smaller remittance companies does support and allow you to transfer $999 or less. For an amount of this range it is recommended to use RIA Money transfer and they support most of the destinations.
One major reason is that the state and the federal regulations are met easier when you send less than $999. Using Pangea could help you with sending money to Mexico. It is just because they give better rates though they have a small fee. It is always better to compare these remittance companies with USD Explorer as the calculation between exchange rates and fee can save you some money.
Usually transfers of more than $1000 are only fee free. So for a smaller amount it might always end up with a fee. So just compare with USD Explorer as it makes a lot of difference when sending money to countries like India, Mexico, Philippines, Pakistan or Bangladesh.




2016 – Strengthening of the US Dollar

Last couple of weeks has brought questions from several countries over the strengthening of the US Dollar against their currencies. The most affected on this is Saudi Arabia followed by Hong Kong where the Hong Kong dollar faces a long time low against the US Dollar. In the Asian region, China does a small gain based on how the government had handled the recent down turn. On the other side in the Asian region, Indian rupee weakens against the US dollar with all time historical low. This has a greater impact on the remittance as India being the 2nd country accepting most of the remittances across the world. 2016 is going to give a greater impact on most of the global currencies with strengthening of the US Dollar.




Sending Money with Remitly

Remitly is a mobile payments service that enables consumers to conveniently make person-to-person international money transfers from the United States. They are really user friendly and makes your routine transactions much easier. Their online service uses the latest technology and mobile devices to eliminate the forms, codes, agents, extra time, and fees tied to the traditional money transfer process.

Remitly is a licensed money transmitter currently operating in 47 states (including D.C.) and sending millions of dollars to thousands of customers each month.

Remitly is backed by DFJ, QED, Trilogy Partnership, DN Capital, Founders Co-Op, Bezos Expeditions, and TomorrowVentures. Remitly is headquartered in Seattle, WA with additional offices in the Philippines.




Online Money Transfer & Government ID

Do you need a government ID to send your money?

Yes. When you do your first money transfer with any remittance service provider like Remitly or Xoom, they are going to ask you for a government ID to verify your identity. This is compulsory due to the federal and state regulations and hence it is important that you must verify your identity on your first transaction.




Mistakes to avoid when you send money

  1. Money that have not delivered on time may become less useful later. So it is important that you plan it well in advance and be prepared.
  2. Get the most out of the available favorable exchange rates.
  3. Decide the timing at which you needed your money at the recipient, so that you can decide yourselves based on various remittance factors like Transfer Fee, Transfer Time and Transfer Rate.
  4. If you feel you got enough time always wait and watch out for best offers from various remittance service providers.
  5. Usually, the zero transfer fees are available with best exchange rates from service providers like Xoom, RIA Money Transfer and Remitly. But it also depends on the amount of money that you transfer. Usually transfers of more than 1000$ are free from these service providers.