Methods to Make Regular International Payments Safe and Secure

There are many different ways to make safe secure regular international payments. Which one to use will depend on the speed with which you want to transfer money and your safety concerns for the foreign currency exchange. Using internet to send money is of course the fastest and the most convenient way to make regular international payments but entails security issues. Hence you need to consider some other options which may not be so convenient but are really very safe for foreign currency exchange.

Let’s have a look at few traditional yet effective safe secure methods of making regular international payments:

Method 1: Postal Money Order: Though less used in recent time internet world, postal money order has traditionally been the safest way to make international money transfer. However, before you approach nearest post office to make the foreign currency exchange check the USPS website to see if the country where you want to send money is included in its list. If it is there, you can proceed with the process but remember it is lengthy process and the money can take longer to reach the destination address. It also includes international money transfers fee of $10 or $12 and a single money order can be used to transfer not more than $700. You will thus need two money orders to transfer an amount greater than this.

Method 2: International Wire Transfer: Another trusted option to make international money transfer is international wire transfer. Though it is a bit expensive it is the safest, easiest and fastest way to make Foreign currency exchange. Through wire transfer, money can be transferred directly into the recipient’s account and for this you will need recipient bank details like bank name, branch name, account number and routing number (can be obtained from the bank). Once the transfer is initiated from your bank inform the transfer details to the recipients. This will help cross check the transaction if in case there are delays.More…