Many people living in Florida have friends and family members residing or visiting other countries around the world. Finding a safe, effective way to transfer money that is also fast and low cost can be a challenge.
One of the best ways to send an international wire transfer is through a service specializing in these types of transfers. These services have offices around the world and also offer full protection for both the sender and the receiver that are not possible through bank wire transfers.
Finding a Location
The first step in any international wire transfer is to find a reputable service to facilitate the transfer. Avoid any local Florida businesses offering any type of wire transfer service to national or international locations, and stay with the major wire transfer services.
Ideally, look for a wire transfer service with a branch or agent in a location that is close to both the sender and the receiver. This saves time as well as travel for all involved.
Completing the Transfer
As the sender, it is important to have the cash you wish to send as well as the cost of the transfer when you arrive at the agent’s location. There is a standard form to complete that will ask for information on the receiver, and it is important to fill out this information completely.
Do not use nicknames or shortened versions of names. The name provided as the receiver on the international wire transfer has to match the information on the individual’s identification.
The sender also needs to show identification when submitting the form and the cash to transfer. Once processed by the agent, the sender receives a unique MTCH or Money Transfer Control Number. The sender must make the MTCH number available to the receiver in order for the cash to be collected.