Make sure that if you need to send money overseas, the service and recipient are genuine!
Whether you are just travelling or you find yourself abroad for a longer period, your finances could bring up a number of challenges while abroad. If you find that you need to send or receive funds from overseas, from friends and family, safety and security of the transaction are paramount, especially if yourer not used to making international transactions. Here’s how you can ensure that it is safe.
Be Wary Of Strangers
One thing to watch out for is when you are asked by strangers to send money back to your home country. This can be a really dangerous situation, and it’s more likely than not that they are going to be trying to scam you. Even if it seems that their situation is legitimate, you’ll find that it’s something you need to be really careful with. So make sure that you are careful about this, and always send money only to those whom you know well and have known for a long time.
Send Small Amounts
In general, it’s best if you can send small amounts of money rather than a lot in one go. This is going to be a much better situation overall, because it will mean that you are going to have a much easier chance of keeping yourself and your money safe. Sending smaller amounts of funds at a time, rather than sending a larger transaction limits the amount you coud use, should things go wrong!
Use Reputable Services
It’s certainly the case that some services are more trustworthy and reputable than others, so you should make sure that you are using those services which are genuinely trustworthy if you are going to be sending money abroad in any way. You have likely heard of a few of the most popular methods and might be wondering, for instance, is Venmo safe. So you should make sure to check through and only use those services which you can be sure to absolutely trust.
Only Where Necessary
In general, make sure that you are sending money home only where it’s strictly necessary, and if you are doing this, you are sending it in the safest possible way. Only send money to people you trust, double-check that you use a bonafide money transfer service, and if you are asked to send money to someone you don't know, it's normally better to say no, than to risk losing your money! Listen to your gut; if it doesn't sound right, it likely isn't!