How to easily transfer money online

Money transfer

The Internet brought about a lot of significant advancement in the world. One such advancement is in how we send money. Sending money from one location to another has always been a serious issue. Sending money by mail has often been discouraged to avoid consistent complaint about theft. So sending money via post was at the owner’s risk. Even when banks started, it was still difficult to send money to different cities and countries through a bank. The advent of the internet brought about the revolution that has now made it possible to send money from one end of the world to the other. This article provides a guide on easily transferring money online, especially if you don’t want to physically visit a bank first.

Open an account with money transfer websites or apps

Some several websites and apps provide online money transfer features. With these apps, your physical presence is not needed to send money, unlike in most cases where you have to visit the bank if you want to send money abroad from your bank account or cash. An example of a platform to send money abroad is Ria Money transfer. You can read about the experience of people who have used the platform to transfer money abroad at reviews about Ria Money transfer.

Verify your account

You will be expected to verify your account after opening an account with most of the platforms. Initially, you will receive a mail asking you to verify your account. There are other cases where you might have to further provide valid means of identification before you will be allowed to fully operate the account. This is to avoid cases where the account will be used for fraud and to easily trace people who decide to engage in fraud when they are identified.

Money transfer

Fund your account

Once your account has been verified, you are now ready to start sending money abroad. You will have to fund your account. Funding your account could be achieved through using your MasterCard or other cards accepted on the platform. In some cases, you can only send to other people who own an account on the same platform. However, some other options like Ria money transfer allow you to send money directly to the account number of the recipient in his or her local bank. However, before you can transfer, you have to fund your account.

Sending money online

To send money to the recipient, you have to launch the app or visit the website of the online platform, depending on the appropriate one. You will be expected to log in, fill in the amount you want to send and the international bank account number of the recipient. You will also be required to provide some security details such as a pin and/or security question among others for the money to be sent. Some websites use 2-way verification, where they further send a code to your registered number that you must enter before the money can be sent.