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Why do you not need a bank or broker to send money to Bangladesh or any other parts of the world?

Dec 28th 2015 at 11:24 PM

Money transfer has always been a matter of concern. May it be money transfer into your child’s account studying abroad or transferring money into your parents account back in sri-lanka from a bank or through a broker from any part of the world. We are always in a fix and suspicious until the money gets transferred in the right hands.

Options for money transfer are endless. Banks, brokers are among those options that are available always. But don’t you know these banks and brokers charge you for the transfer? Every bank or broker have their share of commission while providing the service of money transfer to customers worldwide or even when you send money to Bangladesh.

If you are on a lookout for the most cost effective way of money transfer then here are some tips that can help you make payment or money transfer etc. very easily without following the bank and brokers.

•    Banks do not tell you…

Banks like any other institution are profit aimed. If you are making a money transfer into an international account, then it is not just the currency rate charge that will matter to you, but it is also the hidden cost of 5% to your transaction that you will be squeezed of. So, you are not just paying over and above for international transfer, but you are paying the hidden cost levied by the bank too.

•    Money transfer brokers or companies can loot u too:

While banks may seem a better evil here, money transfer services do offer speedy delivery of money transferred into an international bank account, but the inflated surcharge levied by them is sure to ruin your entire budget plan. From higher charge for transfer to conversion fees from 3% to 4%, you are simply getting charged on your card. The overall percentage of payment from your account is one crazy one.

•    Brokers are true salesmen:

Brokers are true salesmen. They are always happy to offer you services with fair rates, but finding individuals who are trustworthy can be a big herculean task. A broker will not just charge you for the International transfer, currency rate conversion amount but they will add their commission to while providing their service.

So, just choose online payment option to send money to Bangladesh free or to any other part of the world, it will not just save you of your money, but it will make the process of transfer simple, secured, smooth and quick.

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