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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.