Net Banking

Perhaps there're no individuals that would not face the need to transfer or receive money at least once or twice in their lives. Previously you'd need to visit the postal department. Solely there you would find out the way to send money online. Telegraph or postal money order were 2 options accessible to citizens transferring cash. The fee for using one of those methods of remitting funds was quite competitive thus individuals wouldn't need to worry about the cost of the service. Since that day the value of transfers, their situation and tariffs have altered considerably. Transfer of e-money is a very profitable business and so large local banks and agents of worldwide remittance systems started to offer it apart from post offices. Thus, to transfer cash without establishing bank accounts you have a great variety of options to choose. It's important to select the best transfer for every specific situation.

WESTERN UNION

Western Union Financial Services, Inc. was established in America in 1851. Since 1871 it is occupied with money transfers. In 1995, WU merged into First Data Corporation. The agency established the system of international money transmission that functions in 197 countries. More that 120 thousand points of customer facilities are contained in it. They are mostly banking firms, but any legal person possessing a license to deal with currency operations can become the agent of the organization.

WU uses security system of world standard to guard their remittances. When getting funds you need to know the control number (10 symbols), as well as the password invented by the transmitter (not more than 4 words).

Payment of funds is made in the currency mentioned in the contract of the representative with WU. Outside our country money may be transferred only in U.S. dollars. Cash is converted electronically according to the course of WU at the instant of cash remittance. The course is set one or two times per day. It is important to learn it beforehand as the course isn't all the time profitable.

MONEYGRAM

An affiliated company of American Express referred to as MoneyGram Payment System was founded in 1988. At the moment, the MoneyGram transfer system is a participator of the Travelers Express Company Inc., operates in 140 countries and comprises more than 52 thousand entries of facilities. Nearly 20% of all fast finance on earth is sent via this agency. The principal of operation of these 2 organizations is identical.

It is necessary to possess an identification card and know the transfer control code consisting of 8 digits to obtain the money. To each transfer you can attach a gratuitous letter to the recipient consisting of 10 words.

The traditional methods of worldwide transfers, including Western Union and MoneyGram, provide safe and relatively fast remittances. For one-time transmissions of $400 or more they prove to be particularly beneficial. In this even, you will need to give away 5-10% of the quantity as a brokerage charge for the transmission.