It doesn’t matter if you need to send money quickly within the country or abroad, there are legitimate and secure web services at your disposal for deposits and sending money over the Internet.
The fact is that today’s age of universal connectivity allows people to travel more, live and work in foreign countries. Consequently, in addition to the generally better economic standard of these countries, people often send money to their families.
Yet fewer and fewer people seem to rely on the banking system when it comes to transferring money from foreign accounts to accounts.
On the other hand, more and more of them are turning to internet financial operations, and for a very just ified reason.
The Internet requires less cost, saves valuable time, enables express international money transactions online, offers mobile applications and tools for tracking and managing money, and a host of other benefits.
Likewise, you need to know that online money sending services have their prices after all.
There are different fees for different types of payments, and depending on where you send the money, what currency and amount you transfer, determining the best service for your specific needs may vary.
So, in the continuation of the article find out what are the best services for sending money online, and how to transfer money from or abroad using only the Internet and your mobile phone.
How to send money over the Internet?
Thanks to the technological focus on developing digital money transfer, international transactions have become an easy process. Here are some easy steps to deposit money into someone’s account online:
The best services for online payments and sending money
XE company is our first and best choice on this list. This is a very reliable and inexpensive service for sending money online with low fees for overseas transactions.
XE offers international money transfers in over 170 countries around the world, and is known for having their service have the best money security protection and low cost prices.
The first step is to open a free account. After that, you can adjust your settings by entering the necessary information about the payment, monetary amounts, the currency you want to send, and the recipient information.
However, you should be aware that XE only supports money payments via Internet banking and smartphone, and does not support card payments or access to cash downloads on machines.
XE does not charge commission fees for transfers, but applies a small margin on top of the middle exchange rate. Most money transfers pass on the same day, but depending on the currency being transferred, and the banks of the sender and recipient, the transfer can take 2-4 days.
WorldRemit allows payments of money from abroad to be sent to a current account in over 90 currencies and in 150 countries of the world, and more than two million people used their services last year alone.
WorldRemit offers a variety of methods for sending money online internationally, such as bank deposits, cash withdrawals and mobile money. They are known for being able to process most transfers within minutes at low fees and a preset course.
Sign up quickly and easily and start using WorldRemit services. Once your account has been approved, you can transfer money using various payment options, including atm deposits, debit card, and cash withdrawals.
WorldRemit in most cases offers an almost instantaneous transfer of funds, especially when transferring cash. However, bank transfers can take 1-3 days to post to a user’s account
Payoneer is a very easy-to-use service and provides online international money sending services in 200 countries and 150 currencies.
Its marketing is mainly focused on companies and small independent online businesses, providing an excellent Internet platform for managed transfers.
When you sign up for Payoneer, you have the option to create a personal or professional account. After opening a free profile, you can start making payments and sending using a variety of possible payment methods, including bank transfer and debit card.
There is no fee for paying from one Payoneer account to another. You can also make a payment directly from your Payoneer account to someone else’s bank accounts.
Please note that this service offers lower fees for high-value transactions, so you can save if you send larger amounts of money at once.
This platform definitely needs to be considered, especially if you work from home as an online entrepreneur. If earning money over the Internet is your primary source of income, it allows very low costs for transactions of higher amounts of money.
Also, the transfer time is really express, however, transactions towards accounts that are not part of the community take longer, depending on the use of the sending method. Withdrawal from a Payoneer account to a bank account can take 2-3 days.
TransferWise is one of the best companies for sending euros and dollars online, and for good reason.
They are a company mainly focused on international money transfers, but the service it offers is much cheaper than banking services, with a big focus on zero hidden costs.
One of TransferWise’s biggest outlets is how transparent they are with their fee structure and exchange rates from the start – so you know the exact amount that will arrive at the recipient’s account even before you make the transfer.
To use TransferWise, you need to create a free account. Once you’ve entered your money deposit information, such as amounts and currency, you’ll see commissions and the estimated transaction time for each payment method.
The best thing about TransferWise is that it offers medium market prices, and these prices can be guaranteed 24-48 hours. However, to send money online, this service charges a commission, which varies depending on the speed of delivery, the amount you transfer and the currencies you use.
TransferWise usually takes 3-5 days to transfer funds to the recipient’s foreign currency or current account.
OFX has more than 20 years of experience providing money-sending services online and has transferred billions of pounds in transactions to date.
The company has a very wide network of withdrawals and deposits in over 155 countries around the world with over 55 currencies offered.
As with other money service providers, you need to open an account to be able to start using OFX. Once you sign up, you can set up transfers on your mobile or through their desktop platform on the page.
You can top up your account in one of the available ways, depending on the country where you currently live.
Also, you should know that the minimum deposit for transactions on this online service is $ 1,000, so OFX may not be the best option for users who want to send smaller cash payments.
OFX does not charge a lump sum transfer fee, and the level of exchange difference applicable to each transfer depends on the amount sent and the currencies used. With OFX service, money transactions usually take between 1 and 5 days.
Skrill is a money transfer service that is very popular among Internet gamblers and online stock traders.
It boasts a clientele of over 120,000 online retailers around the world, and in addition to orderly and fast regular cash withdrawals, it also stands out for the possibility of transactions with cryptocurrencies.
Skrill is popular for its modern and user-friendly website and mobile app, making it easier to navigate international money transfers. It offers both personal and business accounts, and you can register on the official website or by downloading the mobile app.
Once your account is set up, it’s very easy to navigate the user interface and online options for sending money, both on the site and through the app.
If you want to withdraw money from Skrill into your bank account, the process happens in an instant. Also, when sending cash payments, your recipient will usually receive money in 2 to 5 business days.
This platform is best for fans of playing online casinos and casinos, as well as for those Internet brokers who are looking for a good place to trade cryptocurrencies and Forex stocks.
7. Western Union
Western Union takes security seriously and is one of the most trusted and oldest financial services companies, and provides a wide variety of opportunities to deposit money into an account over the Internet in more than 200 countries.
As one of the leading online money sending services in the world, WU has a significant share of the market share, which allows it to take slightly higher commissions than others.
It can be up to 10% if you send smaller amounts. However, the more money you send, the less the compensation will be in percentage terms.
Western Union works very simply. After you create a free profile, you can enter the necessary information so that you can start making payments and sending. A lot of people use WU for internationalarod transfers because they are faster than bank transactions, and the process is almost the same.
Also, you will pay a lower fee with international transfers because Western Union also makes money on the exchange office. The time it usually takes to complete a transaction is 2 to 5 days.
Remitly supports withdrawal transfers from 17 countries and deposits to over 50 countries around the world, with more than 140,000 agent locations enabling cash for fast transfers.
Remitly is one of the most trusted money transfer services online and is known for its competitive fees and excellent optimized mobile app.
It contains a wide range of payment options, including bank deposit, cash withdrawals, and even home delivery.
Opening an account is the first step. Once you’ve set up an account, you can transfer money around the world in a variety of ways, including a bank account, debit card, and credit card, all of which you can choose from on the Remitly website when setting up a transaction.
Fees and expenses on the Remitly platform depend on how you send the money transfer, how much you send and in what currencies. Remitly offers express and economic transfers and usually takes between 1 and 3 days to book.
Xoom is a great service that allows you to send money online to a foreign bank account, and deliver cash to your doorstep in over 70 countries around the world.
It provides a very wide range of quality services and this is one of the reasons why they have such a strong reputation in the money transfer industry online.
Xoom is a PayPal service and is a great choice if instant cash transfers are a high priority for you, but it’s worth noting that express transactions cost more.
In order to be able to send money through Xoom, as with all other services, you must first register as a user. Once you enter, the online platform is designed to be easy to navigate and you can very easily choose a variety of payment options and delivery methods.
The transfer fees you pay when using Xoom depend on factors such as your payment method, which country you send to, and what amount you send.
Also, in most cases, transferring money via Xoom is instant, but it can also take several days in the case of individual currencies and countries.
MoneyGram is the last member of our list and is one of the most recognizable and best platforms for sending money quickly over the network.
This service has been providing money transfer services since 1940, which would be more than 80 years of experience in the financial business around the world.
Setting up an account is similar to other services. Once you open the user profile, all you have to do is enter the information about the payee and set up the transfer.
With MoneyGram, you can send money online or in person in one of the branches. In addition, if you have a Facebook account, you can also use the unique ‘MoneyGram Sendbot’ to send money through the Facebook platform.
MoneyGram unquestionably provides a secure and reliable service, but fees and transaction costs are usually higher than with some newer players in the market.
So if you’re looking for the best way to send money across currency zones, you might want to consider some of the options mentioned above.
Features of a good online money transfer service
While we believe that low shipping cost and low fee costs are essential to you throughout the story, it’s also a good idea to consider a few other factors when looking for a reliable and secure cash transfer service for your needs.
The following are some important notes to consider when choosing the best money sending service online:
- Security: Make sure that the platform through which you are sending is registered with the relevant financial institutions in the country in which they operate. Use secure encryption methods to keep your money always well kept.
- Cost: Some services, will offer money transfers at the default mid-market exchange rate, with the addition of a certain fee for some additional services you choose to.
- Speed: With huge amounts of money essentially digital, you’d think international money transfers should be fast – but unfortunately, that’s rarely the case. It is a good idea to check the estimated transaction time with each provider.
- Accessibility and availability: It is vital to ensure that the money sending service provider has the options you need.
Choose the best money transactions on the Internet
So now you know how to deposit money into an account over the Internet. All the names on this list have a strong reputation in the industry and offer their users various services to make money transfers as simple and cost-effective as possible.
It’s always important to keep in mind that sometimes the best service for one type of transfer may not be the best for another.
If earning money online is your only source of income, then you should choose the ones that are best intended for this purpose, so that the payment services of your earnings are as cheap as possible.
To make sure you get a good deal for your online money transfer, take a minute and review once again our list of the best platforms for depositing, sending, receiving and transferring money online and select your favorites.
How to deposit money at an ATM?
Want to know how to deposit money into an ATM account? You can make a payment of money at an ATM by looking at whether there is an envelope label on the ATM screen or on the device itself.
ATMs labeled envelopes usually have clearly marked separate slots for checks and cash.
Insert your card, enter your PIN and follow the instructions to make the payment. The ATM will check at some point whether you can deposit funds without an envelope.