By Mohammed Waseem
Sending money to and from the UK is simple these days, with so many money transfer operators popping up. Many of these companies have operations in multiple countries, some even have over 100 countries in their list. We have discussed about few of those companies in the past. Today, I will talk about Send Money 24, a UK based money transfer service provider to over 100 countries.
SendMoney24.com is an online payment service provider specializing in International Money Transfer and Payment Services to and from the UK. They can transfer money to a recipient’s bank account or for cash pickup at their agent locations. Their fee starts from 2% of the amount being sent, with the minimum limit of £2.99. Their agent locator and fee calculator are accessible and easy to use. They also work in partnership with UNIstream, WebMoney, Ria and Contact.
In order to send money, a sender has to register for an account, send the money transfer request, pay after receiving confirmation, and communicate the unique code and the agent’s address from the acknowledgment receipt (applies for cash pickups only). Senders can pay through Internet Banking from any UK bank. Money is paid out to the recipient in USD, EUR or the local currency, as instructed by the sender.
Once the company receives the funds from the sender, they process the payment and the receiver can collect it the next working day or depending on the time taken by banks to process the transactions, in case of bank account transfers. Senders do not have to choose agent locations, they are automatically applied based on the recipient’s address.
Send Money 24 is secure and is regulated by the FCA (Financial Conduct Authority). They are a simple service, best for people sending money to families regularly or for people making business payments or any other similar payments. They are however not suitable for emergency transfers which happen within minutes.