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Nationwide is a building society based in the UK which has 15 million customers. Although many use it for their banking and savings, Nationwide can also be used to send money abroad.
But is it worth transferring money internationally with Nationwide given that there are specialist money transfer services that can be easier, cheaper and faster?
Monzo is a challenger bank based in the UK. Many people use it for their day-to-day payments, as well as sending money to friends and family both in their own country as well as abroad.
Although Monzo’s primary function isn’t as an international money transfer service, it is very useful for people who already have money in their account and want to send money abroad. Before you choose Monzo for your international payments, you should do your research to make sure there aren’t better options for you which could save you money when compared to Monzo.
MoneyGram is one of the largest money transfer companies in the world, with millions of customers around the world. You can choose to send money offline or online with MoneyGram, either from a smartphone or laptop, or one of their many agent locations.
It’s a great company for some people because of its flexibility and convenience, but others may be put off by the fees and the fact that MoneyGram is a favourite of fraudsters because transfers can’t be traced.
The coronavirus pandemic has completely changed the way that you can send your money abroad, and you need to stay on top of what you can and can’t do when it comes to sending your money abroad.
The money transfer methods that you used in 2019 may not be the best way to send money abroad right now, as you don’t want to put yourself, your family, or others members of the public at risk.
