Welcome to BOSS Money blog
Crucial tips on how to save money on international money transfers.
Little else makes your heart rate rise than seeing a notification that the money you sent was transferred, but your recipient is texting you: “It hasn’t arrived yet”.
Seeing a “pending” status on a money transfer or bank transaction can be confusing and stressful. Many people worry that something went wrong or that their money is stuck. The good news is that a pending transaction is normal and expected, especially with banks and card payments.
Sending money internationally has become easier – but choosing the right service is still not simple. Fees, exchange rates, delivery speed, and payout options can vary widely depending on where you’re sending money and how your recipient wants to receive it.
Two of the leading money sending platforms, MoneyGram and Western Union, have been around forever, so it’s easy to assume they’re the automatic safe pick for remittances.
It’s pretty common to run into problems with the address requirement when opening a bank account. Banks usually need proof of address to verify your identity and confirm you follow financial rules. This is necessary for fraud prevention and to protect your account.
