How To Transfer Spectrum Service To Another Person

Updated03/27/2020

A variety of transfer services let customers send money directly to some other person without using banks or credit cards. Use our guide to research the all-time coin transfer service for yous. Different companies cater to specific types of customers' needs, and so consumers should be familiar with all their choices before using a transfer service. For instance, international money transfer services allow people send coin to loved ones living or traveling abroad, while app-based services allow friends to pay one another for shared expenses quickly.

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	PayPal	Read 4,352 Reviews	PayPal operates around the world and in many unlike currencies. The company specializes in secure online payments at millions of merchants but also offers other money transfer and nib pay services.	Chat with a ConsumerAffairs decision guide Live agent
	Venmo	Read 490 Reviews	Venmo, popular among college students and other millennials, allows users to transfer money to ane some other easily, and often freely. The visitor was established in 2009 with headquarters in New York Urban center.	Chat with a ConsumerAffairs decision guide Live agent
	Wise (formerly TransferWise)	Read 676 Reviews	TransferWise is a web-based money transferring company that lets people transport money abroad at the lowest possible cost. It uses real exchange rates and small fees and takes the headache out of the money transferring procedure.	Chat with a ConsumerAffairs decision guide Live agent
	Western Union	Read 1,234 Reviews	Western Union has more than 140 years of experience in the money transfer manufacture. Individuals and businesses can send and receive money in person, by phone, online and through the WU mobile app.	Chat with a ConsumerAffairs decision guide Live agent
	MoneyGram	Read 1,222 Reviews	Offers money transfer and payment services. Operates nearly 380,000 locations in over 200 countries. Provides transfers across borders. Handles bill payment services, money orders and official check processing.	Chat with a ConsumerAffairs decision guide Live amanuensis
AUTHORIZED PARTNER	Xoom Coin Transfer	Read i,294 Reviews	Provides international money transfers from your phone or computer. Available to recipients by banking company deposit, cash for pickup or cash commitment. 24/7 customer service. Upfront pricing. Coin-back guarantee.
	Ria Fiscal Services	Read 49 Reviews	Ria Fiscal Services, endemic by Euronet Worldwide, offers several financial services, including money transfer and currency exchange. They operate globally, and some services tin be completed online or using the visitor's app.	Conversation with a ConsumerAffairs decision guide Alive agent
	TRANSFAST	Read Author Review	TRANSFAST, established in 1988, offers coin transfer services around the world. They have more than 200,000 agent locations for in-person transfers and offer options for mobile and online transactions.	Chat with a ConsumerAffairs decision guide Live agent
	WorldFirst	Read Writer Review	WorldFirst, founded in 2004 in the U.k., operates in several countries and helps consumers commutation currencies, make foreign transfers, brand payments in different currencies and run global online businesses.	Chat with a ConsumerAffairs decision guide Live agent

What to consider when selecting a coin transfer visitor or app?

Price

Nearly money transfer services charge fees for different services. These are added to the amount you lot want to transfer, then make sure you're aware of the fees earlier making a transfer.

Transfer fee: Transfer fees are charged when sending money from one person to another. These fees will vary betwixt companies and may alter based on how much money you plan to send, the way you give the company the money to transport—dropping cash off at a local office, approving an online banking company typhoon or charging it to a credit card—and the way the recipient receives the money—having funds directly deposited into a bank account, withdrawing them from an ATM, picking up greenbacks from an agent or having it couriered to a residence.
Commutation rate: If you're sending or receiving money from one currency to another, the company will provide you with an exchange charge per unit. The higher the rate, the more money you or the recipient will receive after the transfer. Companies should offering a binding quote and then you can compare rates before you brand a transfer. Those interested in international money transfer services should pay special attending to the exchange rate.
Free transfer: Some services let you to make transfers for free if the transfer meets sure requirements. Requirements may stipulate that the transfer is over or nether a certain dollar amount or have a specific origin, like a U.South. banking concern account.

App features

Most companies have a mobile app that allows you to consummate transactions on the get.

Send money: Some apps permit you send money within the app. These apps brand information technology piece of cake to complete a transaction from anywhere.
Rails transfers: Most apps let yous to track transfers you lot've made. This feature lets you run across when their transaction is approved and when the recipient has admission to the money.

Availability

When you transfer money, y'all may be far away from the recipient. Make sure you utilise a service that operates in their area.

International: Many companies cater to those who need to send money from 1 state to another. Make up one's mind whether the company limits the types of transfer you tin make and whether it offers a competitive exchange rate.
Domestic: If y'all're not sending money internationally, you can use a service that only operates in your country. These services may exist more beneficial if you just need to split housing expenses with a roommate, pay for your portion of a meal out or make some other casual financial commutation.
Mixed: Some companies offering simply a few of their services internationally or just allow you to ship coin from a single state or in a single currency.

Time

When yous need to ship money to someone, time is oftentimes an important gene. Make sure you empathize how long it volition take earlier the recipient has access to their funds. Several factors affect how long a transfer will take.

Method of transfer: How you send money will often be a key element in the menstruation your recipient must expect. Different payment methods will have dissimilar amounts of time, and you should bank check with the company to learn about their specific schedule. Usually, a cash payment at a walk-in transfer center volition brand the money available the fastest.
Pick up: The style the recipient plans to become their money will also influence the timeline. Picking up cash from a walk-in transfer heart will unremarkably be the quickest choice.
Location: Transfers across international borders often take longer to procedure than domestic transactions. International transfers may be completed more than quickly if no currency change is required.
Business organisation hours: Although sending and receiving coin at a walk-in location is typically the fastest choice, sending money online or from a mobile app might be quicker if you lot need to start the transaction over the weekend or afterwards the amanuensis's role is closed.

Bill pay

Many coin transfer services allow you lot to pay bills or brand purchases using their app or your account with them.

Retail purchases: Some companies offering online or mobile apps that allow you to fix an business relationship with them and so make online purchases using that account. This feature may brand online payments easier and more than secure.
Bills: Many utilities, credit card companies and other fiscal services accept payments from money transfer services.
International bills: Companies that offer services in multiple countries may permit consumers in ane country to pay bills to a foreign concern. This characteristic might be peculiarly appealing to those whose loved-ones live abroad.

Boosted features

Different companies offering actress services to assistance them stand up out and make it elementary for customers to use their services for multiple kinds of business.

Mobile phone reloads: Several companies allow y'all to add coin to a prepaid phone account, refilling the user's minutes.
Souvenir card reloads: Some companies offer gift card reload services so you can add funds to a recipient's prepaid gift card.
Credit accounts: A few companies offer credit services, which allow you to make payments using your business relationship with them and pay off the balance over time. These options are subject to credit approving.
Rewards program: Many companies have rewards and/or referral programs that allow you earn points that tin be redeemed for free transactions, gift cards or greenbacks rewards.
Alerts: If y'all regularly brand international transfers, cull a service that volition send you alerts if substitution rates run across your set criteria.

Types of coin transfer services

International

Some companies cater to individuals who live outside their state of origin, international travelers, those who own businesses that operate in multiple countries, individuals with loved ane'southward living abroad, those planning to buy real manor in a strange country and other consumers with international fiscal responsibilities. International coin transfers may offer consumers significant savings over using a bank.

Domestic

Smaller and newer companies may only operate in one country. These services will exist best for those who practise not anticipate transferring money overseas.

Walk-in transfer centers

Many companies focus on those who need to send money to someone far away. These companies usually take an extensive network of agents and brick-and-mortar transfer centers where individuals tin can walk in driblet off or choice up greenbacks. These types of businesses may offer services domestically or internationally.

Online focused

The Internet allows individuals to send coin from anywhere, without needing to see an agent confront-to-face. Most companies allow users to make some transactions online, but some companies cater to this grouping with easy-to-utilize websites and a large number of online service options. Online money transfer companies may offer services to both domestic and international customers.

App-based

Although most companies accept an app, newer companies and those that focus on small transfers between friends have robust apps that let customers handle every phase of their transaction from their mobile devices. These types of services may or may not allow customers to ship coin internationally.

Banks

Banks often offering a wire transfer service for customers. They typically charge a flat fee, regardless of how much money customers send.

Who uses money transfer services?

Individuals

Individuals may demand to transfer money to loved ones far abroad or to roommates, friends and acquaintances for shared expenses. Private consumers may besides utilize the extra features some companies offer to make online payments.

Travelers and their loved ones

Anyone who has traveled knows the worry of losing their wallet while far from domicile. They can use international money transfer services to take a friend or family member send them money in an emergency.

Online sellers

People that have online businesses, especially those who use Internet marketplaces like Etsy, Amazon Marketplace, Large Cartel and other sites, can apply money transfer services to accept online payment or to transfer payments from one currency to some other.

Concern owners

Business owners whose companies operate in multiple countries can utilise transfer services to convert money from i currency to another.

Charitable groups

Non-profits and non-governmental organizations (NGOs) can utilise money transfer services to go money to individuals in areas that don't have traditional banks or to areas afflicted past disasters that may exist limiting other financial transactions.

Money transfer FAQ

How can I send money instantly?

There are many instant money transfer options:

Apps that allow for instant transfers, like Greenbacks App and Google Pay, are the fastest selection for domestic transfers. Other apps, similar Venmo, claim to offering instant deposits, but these may take up to thirty minutes to arrive in the recipient's banking company business relationship.
Apps like PayPal'southward Xoom (an Authorized Partner ) or MoneyGram tin can exist used to instantly transfer money internationally. MoneyGram also has 350,000 locations in more 200 countries if y'all need a physical location.

How do I transfer large amounts of money?

A bank wire transfer is a skillful way to transfer amounts more than than $ten,000 within the United States. Many companies and apps accept caps on how much you can transfer, and then brand certain to research maximum transfers and fees.

What is a money transfer service?

A money transfer service is a defended company that allows y'all to move money remotely. These services unremarkably transfer money faster and with lower fees than banks. Some are only available online or by using an app, while others have physical locations. Each service offers dissimilar civilities, such equally international transfers or instant deposits, and so information technology'due south practiced to research options earlier you choose.

How much does it cost to wire money?

Wire transfer fees generally range from gratuitous upwards to $fifty per transaction. Multiple factors determine the cost of a wire transfer, including:

The bank's pricing structure
The amount of coin you're transferring
Whether yous're wiring money domestically or internationally

What is the fastest way to send money?

Many apps and services, including Cash App and Google Pay, advertise instant coin transfers. Nonetheless, if yous demand to send coin as fast every bit possible, it pays to spend a few minutes researching your options.

Check to run into if the service offers instant deposits also. Many services let you transfer money instantly betwixt accounts but deadening down when you lot want to withdraw the funds.
Read reviews to make sure the company handling your money is legitimate.
Make certain the service operates in your area, especially if you're sending coin internationally.

Can wire transfers be reversed?

Non commonly. Once the receiving bank accepts the transfer, the sender cannot contrary it. However, banks sometimes reverse wire transfers in rare cases, such as duplicate orders, fraudulent transfers and when the sending bank makes a mistake.

Author reviews for coin transfer services

Wise (formerly TransferWise)

TransferWise is a spider web-based money transferring company founded out of frustration due to the lack of a global currency. With a TransferWise personal or business concern account, yous tin send money around the earth, paying real exchange rates and small fees.

Read more about Wise (formerly TransferWise)

Western Union

Western Union (WU) was founded in 1851 as an American telegraph company, and information technology began offering money transfer services in 1871. Now, Western Wedlock is 1 of the globe'due south largest and nearly well-known coin transfer companies. In 2015, it facilitated the transfer of more than $150 billion. It offers consumers and businesses options for sending and receiving money both domestically and internationally.