International money transfer systems allow you to receive cash within 15 minutes after sending it
Given the number of our "migrant workers" and relatives living abroad, money transfers are relevant today not only for tourists. Therefore, the emergence of new international money transfer systems, such as TransferGo, cannot but please.
As for the operating scheme of most money transfer systems without opening an account, it is quite simple. The buyer fills out a form where they indicate their own details, the surname and first name of the recipient, the region of dispatch, and the amount to be transferred. The whole procedure takes about five minutes. Then you need to deposit the specified amount at the cash register, as well as a percentage for the transfer itself. Almost instantly, the operator issues a ten-digit control number, which is confidential information that must be communicated to the recipient.
You can receive a money transfer at the nearest bank branch in almost 15 minutes. To do this, you need to identify yourself and provide the control number, sometimes the surname of the person from whom you expect the money transfer. Sometimes bank employees or representatives of the money transfer system may ask for the answer to a security question, but most often this additional verification of the recipient's identity is not required. Of course, both the sender and the recipient must have documents. Within our country, this is a general passport with a permanent residence permit or registration; abroad, it is a foreign passport.
Urgency in money transfers is a very relative concept. Some people will need money, say, for an unplanned but very necessary purchase tomorrow, or even in a week. And someone has spent so much that today they cannot even afford lunch at the most modest fast food. And since the commission in the form of a percentage of the sent amount depends primarily on the speed of the transfer, it is better to find out in advance, "without nerves," how critical extra minutes, hours, or days are for the recipient. After all, it is not at all necessary to pay extra, and if the amount is substantial, quite noticeable money.
It is much easier to solve the problem if both the sender and the recipient have bank accounts, and time is not an issue. In this case, the funds are simply transferred from one account to another. The undoubted advantage of this simple operation is that the geography of sending becomes much wider, because banks, unlike ordinary money transfer systems, are present almost everywhere.
One of the main advantages of this method is its relative cheapness, however, you have to pay for it with time, but, as we have already noted, it should not be critical for the recipient. The term for a simple transfer is three to five days, for an urgent one – 24 hours. You should also be prepared for a bit of paperwork, in particular, concluding an agreement, opening an account (if you don't have one yet). In short, speed is hardly achievable here.
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