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If you’re an expat who has sent money abroad in the past, then you’ve probably seen the term IBAN. If you aren’t sure what this is, it’s simply an International Bank Account Number which is a code that helps banks to identify your bank account internationally if you want to move your money between different countries.
Canada is home to over a million people from China - in Vancouver alone 20% of the population now identifies as Chinese.
If you’re a Chinese expat living in Canada and you need to send money home to friends and family, you’ll want to find the cheapest way to send money from Canada to China. This is because money transfers are often sent with high commission charges, hidden fees and poor exchange rates.
One of the best things about having money in your bank account is the freedom and power you have over what you do with it. But what’s even better is doing something with your money that makes the people you love happy.
Sending money to your friends and family in other countries can improve their standard of living, make a child happy for their birthday, or simply show them you care! To make sure that the movement of your money is fast and seamless, you need to send your money using the best method available.
Want to transfer money online from your bank account to another? Whether you’re sending money as a gift, transferring cash to a dependent or relatives overseas, or simply sharing utility bills with your roommates, these days, the options for sending money are endless.
Transferring money directly to a bank account has many advantages over traditional ways to pay someone, such as cash or check, because these electronic transfers are fast, secure, and require less time and effort from both the sender and the recipient.
