Technology has made life a lot easier and more convenient. You don’t have to visit a physical spot, for instance, just to send funds to your loved ones abroad. Just by using a money transfer app, you can move funds locally and internationally within minutes/hours. Gone are the days when you had to wait for too long to send money to African countries. With modern technology, transfers take place within very short periods of time. You don’t have to struggle with heavy paperwork and huge sums of fees anymore.
There are several benefits that accompany the use of a money transfer app. We’re positive that at this point, you’re already interested in using a money transfer app. The only concern that you have is why you should even use it in the first place. So, here are five main benefits of using a money transfer app:
The advantage of using a money transfer app is that you can access it from any part of the world. Whether you’re in the US, UK, or African territories, you can use this app for money transfers.
It doesn’t matter whether you’re on the go, or in your hometown. You can easily send funds to users both within the country and internationally. And it’s so convenient because you will only use short steps and voila! The money will be with the recipient within no time.
With in-person money transfers, you’re pretty much limited. You can’t really send or receive funds when you’re in a very remote area. And chances are that you might need to send or receive funds in such areas. That’s where the flexibility of a money transfer app comes in.
A Money Transfer App Saves Time
In-person money transfers are going to consume a lot of your time. By going to a physical location, you waste a lot of time as compared to simply picking up your phone and feeding the transaction details. Furthermore, there’s the inconvenience of in-person facilities shutting their doors from time to time due to holidays and other emergencies. You can’t possibly accept to be held in hostage by their timelines when you have yours to meet.
From the comfort of your couch, you can make money transfers using a money transfer app. You don’t even have to struggle with stringent registrations. Just as long as you provide all of your details, you’re good to go. It is quicker to make a transaction using a money transfer app than when compared to conventional methods.
What’s even more, you can track the transaction as it moves from your device to the recipient.
Conventional methods of transferring funds such as using a bank account often take a lot of money in terms of fees. You can expect to spend much less with money transfer applications. Some even allow you to send funds for free, depending on how much you’re sending, and where you’re sending it to.
Whenever you’re sending money abroad, say as an immigrant, it is important to find a method that saves both time and money. And a money transfer application does exactly this. You need to find the best deal so that the person you’re sending funds to ends up with enough in their pocket.
You can do a little research on all of the money transfer applications that are within your reach. Find out the one that offers the most security, fast speeds, and lower fees. Of course, they all do offer better rates than brick-and-mortar options.
Saving money might even at times refer to finding the best exchange rates. And one app may have better exchange rates than the other. So, do your research accordingly. Banks have somewhat of the worst exchange rates in the market. Money transfer apps have the best alternatives on the table.
Easy for You, Family, and Friends
The other advantage of using money transfer apps is that they are much easier to use as compared to traditional options. Even the recipients of the transaction won’t find it hard to use. The user interface of most money transfer applications is so easy to use that even those in remote areas won’t find any challenge. And what’s the point of even using a complicated money transfer system anyway?
They are Secure
Security is key when there’s anything involving money transfer. There are so many scammers and cybercriminals waiting to dupe unsuspecting users online. Thus, you need an option that will keep your money safe throughout.
Often, many money transfer applications have employed different encryption mechanisms that help safeguard the users and their money. Ensure that you choose an option that is safe to avoid any unnecessary losses of funds.
So, folks, these are some of the main benefits of using a money transfer app for sending funds locally and abroad. These reasons should motivate you to use such an app rather than conventional slow and expensive methods.