The temptation to transfer cash overseas can be big. Many people view it as the easiest way to pay for goods and services, to get money to family or friends in another country, or to have cash waiting for them in another country when they’re planning to travel. The idea exists that cash is somehow safer, that using it protects your bank account information and that you’ll be protected against online scams.
Unfortunately, this is far from the truth. Transferring cash abroad is one of the most dangerous ways you can transfer money internationally. There are many reasons that transferring cash is a bad idea. First, let’s go over some of the myths and facts about transferring cash internationally to give you a better idea of why you should stop doing it. We’ll also go over the myths and facts that are floating around out there about money transfer companies – the alternative we’re suggesting to shipping your cash abroad as a way of money transfer.
Cash Transfers are Dangerous
Transferring cash abroad is incredibly dangerous. Robbers are far more likely to try and steal your money when it’s cash because there’s less technological work that goes into robbing cash rather than robbing an encrypted transfer website. Additionally, you put yourself at risk of human error getting in the way of your transfer. It’s easy to misplace a package, ship it to the wrong person, or for the shipment to get caught up who-knows- where while your recipient is waiting patiently (and may even need that money desperately). Using online-only money transfer companies essentially eliminates this issue. There are no delays, the fees are low (or non-existent), the transfer goes exactly where you want it to go, and they always guarantee the best exchange rates. There is no room for human error to play a part, and their secure systems ensure your funds are safe.
Online FX Companies Are a Safer, Better Option
We’ve covered why FX companies are a safer, better option for international money transfers, but we’ve really only scratched the surface. FX companies offer so much more than just a better alternative to shipping cash as a transfer – which we’ve already confirmed as dangerous and a generally bad option for international money transfer. FX companies make your transfer process streamlined and you can manage multiple transfers in one place. They offer a lot of extra tools, as well, so that you can track exchange rates to send your money at the right time to get the best rate. They also are upfront about all of their fees. Your recipient will never be charged an unexpected collection fee when they receive the funds, and you’ll never worry about extra money being taken off your total transfer. Gone are the days of saving all of your extra money as cash under the mattress in case of emergencies. There are so many digital finance options in this incredibly digitally-minded world of ours – make sure you’re taking advantage of all the options available to you! FX companies will make your life easier, protect your funds better, transfer your money more effectively and efficiently, and they’re convenient to use. Stop putting yourself at risk of robbery or worse, use an FX company to transfer your money internationally next time you need to.
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