Once you start earning money abroad, you would certainly want to send money to your family or loved ones that you left at home. Sending money home can be accomplished in different ways. You can choose from the list of top money transfer services such as Western Union, Xoom, and MoneyGram.
Any of these methods of transferring money to people at home guarantees same-day delivery of the amount transferred. But first, you need to know how each one works.
Sending Money Home Through Western Union
Sending money home through Western Union is one of the fastest methods available. Western Union promises delivery of ‘money in minutes’ to any part of the world.
This is How it Works
Talk with the recipient and get the location where the money will be sent to. Alternatively, you can choose to secure the funds by paying for a password. This is an additional security measure to the ID card and photos required to pick up the fund. It is also important to verify the name used on the recipient’s ID. This is a measure to ensure that the wrong person does not pick the money.
Western Union Money Transfer Options
Western Union offers different options for sending money home. These options include the following:
- In-person – this would be at an agent location
- Via phone
The applicable fees and services will depend on the option you settled for.
Sending Money Home through Xoom
Xoom is one of the fastest ways to send money home. The service also promises to prioritize your security. However, there are factors that would determine the speed of delivery.
You can send money to any part of the world with Xoom, it is easy and fast. Once you have access to an internet-enabled PC, you can send money to relatives and loved ones in 29 countries within a split of seconds. The service can withdraw funds from your U.S bank account directly in order to fund the transfer. Alternatively, you can pay through any of the well-known credit cards.
The recipient will get the Xoom money transfer in any of the following options:
- As deposits into their local account
- Door-step delivery
Finally, you can also use MoneyGram when sending money home. It works pretty much like the previous options.