Money transfer services have come a long way since the first modern transfer service came onto the scene in the mid 1800’s. Did you know they go back even further than that? Hawala, “is an ancient concept dating back to South Asia in the 8th century.” That means people were sending money long distances all the way back in the 700’s!
Fortunately, money transfers are a lot more streamlined today than they were even a few decades ago. With RemitFinder, you can send money from UK to Pakistan with the best exchange currency rate possible in an instant. Because it’s so easy, and the world has become so globalized, there are many ways people use money transfer services today.
Sending Money to Friends and Family
One of the most common uses of money transfer services is to send money to friends and family. It is a common way for migrant workers to send cash back to their families at home.
However, there are many reasons to send cash to friends and family! A few include:
- Giving cash as a gift for a birthday or holiday
- Helping family pay for bills
- Sending money to a friend who is traveling overseas
- Sending money to family so they can visit you in the states
Working for Clients Overseas
Going to work used to mean getting dressed and driving to the office every day. That’s not necessarily the case today.
More people than ever before are working from home, and with the internet, they are working with international clients.
There are a lot of things you have to be aware of when working with international clients, but how you’re getting paid is one of the most important. A money transfer service can make it easy.
Clients can quickly and easily send you cash after completing a project, and you can track the transfer of funds so you know exactly how much they sent, when it will get there, and if you have to pick it up at a physical location. In many cases, a physical location isn’t even needed, as long as you allow them to deposit the funds directly into your bank account!
Buying Property Overseas
Many property owners set their sights outside the United States and decide to invest in international property. You have to think about where you want to purchase a rental property, as well as the local laws in the area regarding tenants and landlords, but you especially have to think about how you’re going to pay to upkeep the property when you aren’t physically available.
Sending money using a money transfer service is a great way to pay for a mortgage, but it’s also a great way to pay groundskeepers and maintenance staff for their services. If you want tenants to pay you directly, a money transfer service can be a great way to do that!
Paying for Education Abroad
Studying abroad is a once-in-a-lifetime experience, but it requires a lot of preparation beforehand. You have to find programs that are worth your time in the countries you are interested in visiting, but you also have to think about how you’re going to pay for your studies.
You should always look into scholarships, but if any balance is due on your trip, a money transfer can be a great way to send the rest of the cash.
Need help paying for books, food, or bills while you’re away from home? Asking family members to send you money with a transfer service is one of the quickest ways to get it!
Paying for a Vacation Home
Looking for a way to relax and unwind? For many, that means a vacation property. For some, that means purchasing a vacation home abroad.
Using a money transfer service can make paying the mortgage on your property a breeze, but it can also be a great way to pay for upkeep. Cleaners, groundskeepers, and maintenance technicians can all be paid using a money transfer service.
Want to make a little extra cash? Consider renting out your vacation home to friends and family when you aren’t there! A money transfer service is a great way for those who are staying at your property to pay you back home.
There’s no need to stuff a check in an envelope and wait weeks for it to arrive. Today, you can pay and get paid in an instant, no matter where in the world you are. This list proves that you can quickly and easily manage your money, all without the need to pull cash from the ATM.
