The complexity of International Money Transfer may intimidate some people. However, those looking to pay for a property, send money to family or manage International Business Transactions will discover that the International Money Transfer will typically carry hidden fees, unfavorable exchange rates and unnecessary delays associated with making transfers overseas. Anyone wishing to send money internationally in a cost-effective and efficient manner should consider using a Currency Exchange Specialist as it can be very beneficial for them. IME India is an established Currency Exchange Provider that offers services to assist its customers in Saving Time, Reducing Cost and offering Assurance and Comfort when sending money internationally.  Following are 7 Primary Benefits of Using an Exchange Specialist Regarding International Money Transfer.

Reasons to Use a Currency Specialist to Send Money Abroad

1. Get the Best Exchange Rates

When you work with a currency expert, one of the major benefits is the ability to receive competitive exchange rates. Bank and traditional financial institution exchange rates often include hidden fees (markup), which reduce the amount of money that will actually arrive at the destination. By using a currency specialist such as IME India, you will have access to rates that accurately reflect the current market rate, giving you more purchasing power.

If you regularly send money to India from abroad, the difference in exchange rates between banks and currency specialists can quickly add up to substantial savings over multiple transactions. Currency specialists are closely attuned to movements in the currency market and will always provide the best available rate at the time you send money to India from abroad, ensuring you get the maximum value from your hard-earned money.

2. Reduce Fees and Hidden Costs

International transfers can be costly due to high fee structures, particularly for large sums of money transferred out of country. Banks typically charge many different types of fees, such as transaction fees, conversion fees, and processing/start – up fees.

Currency specialists typically charge a much lower fee structure that provides customers with a clear understanding of the fees they will be paying and where those fees originate from. Unlike banks, IME India provides a comprehensive service to individuals and businesses needing to transfer funds overseas by minimizing fees associated with transferring money and giving its customers peace of mind. As these fees can add up over time, they will ultimately provide added value to customers who send money internationally on a regular basis.

3. Expert Guidance on Currency Transfers

There are challenges to converting money between countries, especially when individuals do not have experience with fluctuating exchange rates. Currency consultants are trained to help customers meet their individual financial needs.

If you want to know when is the best time to send money back to India from another country or have concerns regarding currency risk, consultants can provide advice and analysis to help you choose a good time to make your transfers. Currency consultants generally have significant experience and can help their clients avoid having to pay excessive amounts in fees on currency exchanges. Currency Consultants can also provide advice on how to transfer money in a way that maximizes your return on investment.

4. Secure and Reliable Transactions

For international money transfers and conversions of values from one currency to another, safety always comes first. Currency Consultants understand the need to keep your funds secure during a transfer and have approached the issue of safety by utilizing cutting-edge encryption methods, following all applicable international laws and adhering to standards established by banking regulators around the world.

You can feel confident with IME India that you will continue to keep your money safe throughout the entire transfer process. With real-time transaction monitoring, you can track your funds and know that your money is going to arrive at its intended destination. Reliability of funds transfers is crucial for both personal and commercial transactions.

5. Faster Transaction Times

It takes time for money to travel to another country. Sending money from one country to another generally takes many days, if not weeks, when using a traditional bank.

Specialized Currency Specialists can simplify and expedite the international money transfer process. For those that need to send funds abroad quickly, IME India offers the ability to complete the majority of international money transfers within 24 hours. Faster processing times enable individuals and businesses to meet their deadlines and give them peace of mind that their funds are going to arrive when they should.

6. Advanced Tools for Businesses

Companies that perform international transactions on a regular basis have much to gain by using the specialized tools offered by Currency Specialists. Tools such as Forward Contracts, Multi-Currency Accounts, and Market Orders allow companies to manage costs and mitigate the risks of Currency Fluctuation.

A business sending money to India from another country, for example, would have the ability to lock in a favorable exchange rate before sending its funds, thereby protecting itself against the risks associated with market fluctuations. IME India’s Foreign Currency Exchange Products and Services help facilitate Global Payments and make Global Payments easy to manage and support.

7. Convenience and Flexibility

An individual or a business can enjoy the ease of use and availability that currency specialists provide. With easy-to-navigate web-based software, you can set up transfers, check the latest currency exchange rates, and set up automatic reoccurring payments from the comfort of your home or office.

Through IME India, you can access their foreign currency exchange services at all hours, 365 days a year. IME India provides all the options you may want for sending international transactions—immediate payments for next-day delivery, long-term (annual) payments, or reoccurring monthly transfers for personal or business purposes.

IME India: Your Trusted Currency Specialist

From finding a partner who can help Canadians, Indians, or anyone interested in transferring money internationally, IME India provides the following benefits: competitive exchange rates; low transaction fees; extensive advising on international financial matters; secure transactions; and a simple, user-friendly, and easy-to-use interface for customers.

When you use a currency specialist, you can send one-time payments or make a series of reoccurring transfers at a lower cost, faster, and with greater security. Take control of your global transactions today by working with IME India for their foreign currency exchange services.

FAQs

1. What is the easiest way to send money abroad?

Using a currency specialist like IME India ensures faster transfers, better rates, and lower fees compared to banks.

2. Can I send money to India from abroad anytime?

Yes. IME India’s online platform allows 24/7 transfers to India and other countries.

3. How do I get the best exchange rate?

Specialists track currency markets in real-time to provide rates that are better than banks.

4. Is it safe to transfer large amounts?

Yes. IME India uses secure systems and adheres to strict financial regulations to safeguard your funds.

5. Can businesses benefit from using currency specialists?

Absolutely. Tools like forward contracts and multi-currency accounts help businesses manage risk and streamline payments.