For those who have settled abroad, sending funds back home is always a concern. While there are plenty of means to do so, there is always a fear that the funds will be misled, stolen or even take the time to be deposited. Keeping this mind, plenty of these individuals think twice before opting to send money to Armenia.
However, while these fears and doubts are normal, certain steps can be taken to eliminate them. Given below are details of how you can take the necessary steps to send funds back home without any fear.
Opt for the safest means of money transfer options to Armenia?
There are plenty of ways you can send funds back home to your family or friends whenever required.
Means such as wire transfer, online transactions, and online bank accounts are some of the different options one can consider when making the required money transfer to Armenia. Each of these options has different safety features that ensure you can securely transfer money to Armenia.
Take, for example; the wire transfer requires a secure answer to be shared between the sender, receiver, and the respective banks. Even online transactions through the means of online bank accounts would require a secured password to be shared between both
parties to ensure that the transaction can proceed.
Set up alerts for the money transfer process for Armenia?
Setting up alerts for your money transaction is one way to stay alerted of the proceedings.
Through these alerts, you can be well aware if the right amount of funds have been withdrawn from your account or whether it has been deposited in the account of the receiver. Some means of money transfer also take a required
period. Therefore, if you do set up an alert system within this given period, you can take the necessary steps to ensure that your funds reach the designated location on time.
Opt for large money amounts for regular transfers to Armenia?
If you make regular transfers to your home country, it is best to opt for a significant amount over a small amount. Through a lot of funds, there will be no requirement for you to make fewer transfers. With smaller amounts, you will have to make multiple transactions. Additionally, you will also send a lot of funds on the transfer and conversion charges. Even a single large transfer will have low risks of transfers as compared to multiple small transfers. Therefore, when making a money transfer to Armenia, the ideal solution here is to opt for a single, yet large amount.
While there are plenty of other tips to consider, these basic tips should help you eliminate any fears or doubts associated with sending money to Armenia.
Avoid costly credit card charges by transferring currency to Armenia?
When you transfer money to a recipient in Argentina they will avoid credit card charges. As a result of a poor economy and inflation there can be up to 20% charge to use a credit card. So if you would like your recipient to get more currency do not be tempted to let them use your credit card. Instead complete a simple currency transfer and provide them with the money that they need.
Don’t get ripped off by street vendors offering to exchange money in Armenia?
In Argentina there are street vendors who offer to exchange foreign currency for the Argentinean peso. Whilst these rates seem attractive the actual currency that these vendors offer will tend to be forgeries, which is how they make their money. If you are concerned about this you should make sure that you transfer money to Argentina recipients using a method that does not require exchanging foreign currency. That way you can avoid any trouble arising from using street vendors to exchange foreign currency to pesos.
Be aware of bank opening times in Armenia?
The bank opening times in Argentina can be quite restrictive, which comes as a surprise to many people. Banks usually open between the hours of 10 AM and 3 PM Monday to Friday. Banks tend to follow the currency rate Argentina offers more closely than hotels and some money exchanges. Banks do not open on Saturdays or Sundays in Argentina so it is much easier to send your recipient the correct currency.
Send a money transfer to Armenia? Save on transfer fees when sending money to Armenia, use our currency exchange comparison site.