How to Send and Receive Money Right from Your Phone
Expats have been able to transfer money over the phone for many years. As technology continues to advance, this process only becomes easier with more options right at a person’s fingertips.
People can send money from their phone to friends and family living abroad either by calling their bank or using a smartphone app.
Continue reading as we explore these different ways of sending money abroad straight from your phone, so that you can decide which may be the best method for you and your recipient.
Calling your bank to send money abroad
If you don’t have a smartphone, or you don’t feel confident using money transfer apps, you can use your phone to call your bank. Your bank likely uses an automated phone system to initiate funds transfers to either a cash pickup location or directly to your recipient’s bank account depending on available services.
However, there may be a number of obstacles that make this process challenging for you and your recipient:
- You may have to wait on hold to speak with a bank rep if you need assistance
- Bank commission fees may be high when sending money abroad
- Your transfer may take a long time to arrive to your recipient
If these challenges pose issues for you and your recipient, you may want to consider transferring money internationally using an app.
Using a smartphone app to send money internationally
Using a smartphone app provides an easy way to send money abroad as you can do it all yourself. Nowadays, nearly 85% of Americans have a smartphone which is making international money transfers more accessible than ever before.
After downloading a money transfer app like Paysend and signing up via smartphone, you can send money on-the-go, 24/7. All you need to do to send money is take your phone from your pocket, access your chosen money transfer app and with a few simple taps, send money to a number of countries internationally!
Paysend’s digital money transfer service offers users a quick, cheap and easy way to send money from your phone.
Our transfer fees are low, flat and transparent and costs just $2. What’s more, when you send money to loved ones abroad with Paysend, it arrives to your recipient in close to real-time.