Sending money online is an easy way to transfer funds to friends and family. However, if you are transferring funds for the first time, then there are a few simple steps that you need to follow.
Read this article to understand the steps you need to follow to send money online.
In order to transfer money from one country to another, many are opting for money transfer service providers. These service providers have made online money transfer very easy. However, if you have never sent money online, then you need to first register with a remittance service provider. It’s better to choose a well-established brand to avoid frauds and ensure complete security.
Here are the steps you need to follow to transfer money online:
- Register with a remittance service provider
In order to register yourself, you need to enter a few details like contact number, name, and email address on the remittance platform.
- Identity verification
The registration process will be over once your identity is verified. The verification process may vary based on the remittance service provider.
For instance, there are some remittance service providers that require a person to submit the documents online, while some others require a video call with the customer for verification. In this call, the customer will be asked to share the identity proofs. Selecting legacy banks can reduce the risk of frauds.
- Enter the recipient information
After you finish the registration process, you will receive your login ID and password for your account. You can transfer money online using your account details.
Once you enter your login ID and password, you can start the online money transfer process. You need to enter the recipient details like name, bank account number, contact details, etc.
- Enter the amount of remittance
You will need to enter the amount you want to transfer. While transferring, you’ll also find out the existing exchange rate.
- Check the details entered
Once you have entered the details, recheck all the details. After that, you need to confirm the transfer. You will receive a transfer tracking number. You can check the status of your transfer using this number. Keep a note of this number because if you face any problem, you’ll have to contact the support team, and they will ask for this transfer tracking number.
Follow these Steps to Send Money Easily
The aforementioned steps will allow you to register with a service provider and send money online. The funds will be deposited in the account of the recipient. Furthermore, it is recommended to opt for a reputed service provider to ensure your funds are safe.