What is Remittance?

In a broad sense, a remittance can simply refer to the transferring of money overseas between two parties for non-commercial purposes. However, the term is usually used in the context of people working overseas sending money back to family in their home country. Now, The emphasis here is on “non-commercial,” as remittances are different from…

Best Foreign / Multi Currency Accounts (Uncovered)

While banks make it easy to manage our money (like sending and receiving local payments), things become quite complicated when you’re dealing in foreign currencies. Exorbitant fees linked to these accounts, high minimum balances, and long transfer times can make banks inconvenient for small businesses and international individuals. Recently, some independent financial institutions have recently…

8 Best Services to Transfer Money Overseas

Transferring money internationally safely, inexpensively and quickly seems to be easy. Just pick a reputable service with great reviews. Not so fast. After years of writing reviews and transferring our own money around the globe (personally and for business), as we have written about for years it is easy to miss one very important thing:…