GREEN FLAGS IN A MONEY TRANSFER COMPANY: 4 ESSENTIAL QUALITIES YOU NEED TO LOOK OUT FOR

GREEN FLAGS IN A MONEY TRANSFER COMPANY: 4 ESSENTIAL QUALITIES YOU NEED TO LOOK OUT FOR If you search for money transfer companies online, Google will provide you with thousands of results within a second. While that increases your options, there is no guarantee that the website you are looking at belongs to a legit company. Countless people fall victim to wire transfer scams and lose their money every year. This is why identifying a trustworthy firm with years of expertise is your safest bet. How do you judge the credibility of a money transfer company? There are a few salient qualities that a reliable firm will exhibit. If your service provider checks all the boxes, it passes the credibility check. So, the next time you have to Send Money to UK or Germany, keep an eye out for these four things.

SIGNS A MONEY TRANSFER COMPANY IS LEGIT: In today’s globalized world, there are several reasons why one may need to transfer money internationally. Some of the top reasons are: • Paying tuition fee to educational institutions • Booking vacations • Buying property abroad • Business and corporate transactions • Transferring money to friends, relatives, or dependents Fraud companies target these customer profiles, and people suffer monetary losses and become vulnerable to a breach of confidential information like bank details. How do you make sure that you do not end up getting duped? Here are some green flags you will notice when you are in touch with a premium firm: • Proper authorization: Money transfer companies need some form of legal recognition. For instance, if you are looking for a firm to Send money to UK from Canada, then the Canadian service provider should be regulated by the Federal Government. It has to be recognized as a currency exchange and transfer specialist, thereby guaranteeing a legitimate record in the government books.

Transparency: There is no better mark of a top-tier company than transparent business practices. Your service provider should be upfront about every little cost you •

might incur in the process. Transferring money internationally involves additional costs like transfer fees, processing fees, service fees, and exchange rate margin. Companies with dubious reputations will try to keep these costs hidden until the very last minute. If your service provider gives you a clear idea about the entire process and gives a precise estimate of the charges, you have selected the right company.

Exchange rates: It is important to check the exchange rate your chosen firm is offering you.

Leading firms provide their clients with competitive rates and stick to the market valuation. You will probably be able to calculate the exchange rate and reserve one well in advance. Also, at some of the leading firms in Canada, you will be liable for a refund if you find a better exchange rate. The difference between the two amounts will be paid back by the company to you. Talk about building trust and customer service!

Expertise and reviews: If a firm is in business for years, it is less likely to be a scam. How do you ensure that it has years of expertise to its name? You can check out its reviews on business review platforms. Reliable companies will have stellar reviews by previous and current clients on popular sites like Better Business Bureau. Once you know that countless other people have trusted the same establishment and carried out transactions safely, you will have no reason to worry.

•

A few final words: You now have the upper hand when it comes to identifying a legit money transfer company. To save you some time, here is a recommendation you can trust. Interchange Financial, a renowned currency exchange and money transfer company in Canada, has been serving clients for 20 years. They make it easy for you to send money to UK, USA and other countries in Europe.

Catering to both company and individual clients, Interchange Financial is a onestop solution for all your forex and money transfer needs.

www.interchangefinancial.com