When you wire money, you are sending cash to someone far away. This is also called a money transfer. Many people wire money to family or friends in other countries.
Wiring money is like sending cash. When you wire money, you cannot get it back.
You have to pay money to wire money. You almost always have to pay:
Sometimes the person you send the money to might have to pay a fee or taxes.
Your friend or family member will get cash. You can ask for your family to get U.S. dollars or the local currency. It might depend on what is available from that money wiring company.Read more
Wiring money is a way to send cash to someone in another place. Here is how it works:
Stores charge different amounts to wire money. Before you wire money, compare the fees and costs at two places.
At Place 1, you pay $15 more than at Place 2. But look at the exchange rate. The rate is better at Place 1. Your brother gets 2,000 pesos more than he would at Place 2.
Ask questions before you give money to the business that wires money:
Remember to tell your friend or family member how much money to expect. Also give them the answer to a security question, if you set one up.
Only wire money to someone you know personally. Dishonest people, also called scammers, might convince you to wire money to them. Sometimes they say:
All of these are bad reasons to wire money. Learn more about money wiring scams.Read more
You want to send money to someone in another country. Sometimes, this is called wiring money. Wiring money is just like sending cash.
A business that wires money for you charges a fee to send that money. Before you pay to send money, ask the business these questions:
Write this information down. Visit a few businesses that wire money overseas. Compare the cost of one money wiring business to another. Each business might charge a different price. If the business will not answer these questions, think about going to another business.
When you choose the money wiring business you will use, make sure the cost is the same as the business told you. After you send the money, keep your receipt. You will need it if something goes wrong.
Find out if your family or friend got the money you sent. Find out if they got the right amount. If they did not get the amount you sent, report it right away: