AUTHORISED MONEY TRANSFER SERVICES TO PALESTINE:
Send money to Palestine from London? Sending money to Palestine in the past has been a nightmare for many whose loved ones live in a country that has been full of turmoils. In recent years, hundreds of electronic transfers have come up to make sending and receiving money in Palestine much easier but a few are reliable. Below, we are giving you a list of a few trusted ones.
Started as a small transfer service for pounds only, TransferWise has broadened its operations to enable you to send or receive money in Palestine using over 350 currencies. It is much faster and cheaper.
They have clear exchange rates and provide the safest way to send money to people in Palestine. Their transaction rates are lower compared to other money transfer services. They are faster and instant.
With TorFX, you can send money to Palestine with no charges or commission on your foreign exchange. They only accept bank transfers and not cash deposits making them more secure and free from scum.
One of the oldest money transfers across the UK borders.
They provide several sending money platforms such as mobile apps, E-banking, Internet transfers with a website friendly to customers.
Sending and receiving money restrictions in Palestine:
According to the anti-terrorism laws by the Palestine Authority, the person sending or receiving money must state:
Purpose, source, full details of the sender and receiver, and the limit of receiving money per day depend on the type of transfer service.
Bank of Palestine is the main bank that provides a template to all other banks.
Transfer from Palestine to UK as Palestine economy is still restructuring from the effects of Gaza strip destruction and trade restrictions by Israel. There is slow growth of GDP at 3.3% since 2016.World Bank statistics show a volatile trend of economic development since 2001.