Money transfers to other countries have a place in our daily lives: Whether it’s your Amazon order, your streaming subscription, or if you send money every month to your family living elsewhere. If you’ve ever wondered how you can improve the process of sending money across the world, you’re in the right place. Plus, we’ll give you some tips on how to do it safely and avoid falling for international transfers scams.
What is an international transfer?
Imagine you want to send money to your supplier located in another country. An international transfer is exactly that: moving funds from a bank account in one country to another in a different country. Sounds simple, right? But there’s a bit more you should know.
Features of international transfers
- Processing time: Generally, these transfers take between 1 and 5 business days. But keep in mind that the exact time can vary depending on the countries involved and the banks or services you use.
- Costs: May include transaction fees / commissions and excessively high differences in exchange rates. If you usually transfer through traditional banks, it’s very likely that they’re giving you an unfavorable exchange rate.
- Sending limits: Some banks or services have limits on how much money you can send per day.
- Required Information: You’ll need precise details, such as the recipient’s full name, their account number, and the SWIFT/BIC code of the receiving bank.
5 Steps to make an international transfer
- Select a provider: This can be a bank or take advantage of a specialized service like Jabiru Payments.
- Gather necessary information: Make sure you have all the correct details of the beneficiary.
- Check costs and exchange rates: Compare and choose the most convenient option. We can perform this step with you, being completely transparent.
- Making the transfer: Follow your bank or service provider’s instructions and wait the estimated days for the country and corresponding amount.
- Always keep the receipt: It’s essential for tracking or resolving any situation that may arise in the future.
Tips to avoid scams
- Confirm Details: Make sure the beneficiary’s information is correct, if you make a mistake in any essential element like the account number, your money could be sent to someone else who will not have the legal obligation to return it.
- Use known providers: Choose trustworthy services like Jabiru Payments, don’t go for the first option that appears without doing some research first.
- Never share sensitive information: Never give out your account details to strangers or on suspicious websites. No one should know the exact details of your credit card or your PIN, for example.
- Beware of offers that are too good: Be wary of exchange rates or fees that are extremely low. There are many offers online that are too good to be true.
- Stay informed and alert: Lately, with the use of social networks, new methods of scamming appear every day related to hacking WhatsApp or Facebook accounts to ask for money, receiving a message «from your bank» asking for sensitive information, or where a known person asks you to buy a gift card. Always confirm twice with your contact or bank before proceeding with any type of bank movement.
Jabiru Payments: Your ally in international transfers
And this is where Jabiru Payments shines. We offer customized solutions for managing international payments and covering exchange rate risk. With us, you get:
- Total transparency: You know all the fees and exchange rates from the beginning, with attention received from a team member and not from a bot or artificial intelligence.
- Security and trust: We protect your data and transactions with cutting-edge technology.
- Customization: We adapt our services to the specific needs of your business.
- Efficiency: Transfers with our counterparts are fast and hassle-free.
International transfers don’t have to be a headache. With the right information and a reliable partner like Jabiru Payments, you can send money abroad easily and securely. It’s time to cross borders with your money, smartly and safely!
Learn more at Jabiru Payments!