How to send money abroad safely and securely

Mohsen El-Sayed

February 4, 2023

Sending money abroad can be a daunting task, especially if you're worried about the safety and security of your funds. However, with the right knowledge and resources, you can send money abroad safely and securely. Here are some tips to help you make sure your money arrives at its destination safely:

  1. Use a reputable service: When sending money abroad, it's essential to use a reputable service. Look for a service that is licensed and regulated by the relevant authorities. It's also a good idea to check for customer reviews and ratings to ensure the service has a good reputation.
  2. Use a secure method of payment: When sending money abroad, it's important to use a secure method of payment. This includes using a credit card, debit card, or bank transfer. Avoid using cash or money transfers as these methods are less secure and more prone to fraud.
  3. Keep records: When sending money abroad, it's important to keep records of the transaction. This includes the amount of money sent, the recipient's details, and the transaction reference number. This information can be useful if there are any issues with the transaction.
  4. Use a tracking service: Many online remittance services offer tracking services that allow you to track the status of your money transfer in real-time. This can be a useful tool to ensure your money has arrived at its destination safely.
  5. Be aware of scams: Scammers often target individuals sending money abroad. Be aware of the common scams, such as fake money transfer services and phishing emails, and never give out your personal or financial information to anyone you don't know.