How long does it take to transfer money internationally

Today it is easier than ever to make an international funds transfer if you are willing to do a bit of research, have access to the internet, an email account (not always necessary), and the time to plan ahead. Finding out how long does it take to transfer money internationally with an online money transfer service provider is often as simple as going online, as there are many websites today that specialize in online money transfers, and they are often faster and cheaper than traditional methods, such as a bank or financial institution.

Most online money transfer service providers are available 24 hours a day, seven days a week, and it’s easy to get started. Once you choose which company you want to use, simply register on their site by providing your name and your bank account information. Most money transfer companies will accept a credit or debit card, as well. You will be given a username and password that you can use to log into the provider's system and from there you can review which services and options meet your needs. Once you have made your selections for how you want to send money, you then enter your transaction details, including your recipient’s information. The system will then initiate your money transfer and, when the transaction is completed, it will be confirmed instantly by the transfer service provider’s electronic system.

Sending a funds transfer through an online money transfer service provider usually takes one to two days to be received by your recipient. For domestic wire transfers this is almost always the case, but sometimes it can take longer if it is an international money transfer. Sending money overseas usually takes three business days, but if the currency is more ‘exotic,’ that is, if it is a currency that is not as commonly traded then it may take four days or longer. When sending money internationally, it is always a good idea to ask how long does it take to transfer money internationally and for the funds to arrive in your recipient’s bank.

If you are making an online money transfer from a bank, there are often policies in place stating that transfers initiated after the business’s stated currency cut-off time, or transfers that are made on a weekend or a public/bank holiday, will be processed the following business day. Also, many financial institutions place a limit on the amount of money allowed for a money transfer, so it is best to ask up-front to make sure you allow enough time for sending your funds.

Another advantage of sending your money transfer online is the ability to set it up as an automated, repeatable transaction. This saves time, as you only need to set up the transaction once. The system saves the information so that the transaction can be repeated when, and as often, as you choose. The final thing to consider when transferring money is to make sure you choose an online money transfer provider that is regulated by the government in the country in which they operate. This will ensure your wire transfer is a safe, legal and regulated transaction.