Alternatives To EQ Bank Money Transfer

If you don’t feel comfortable using an online platform, there’s always the option to send an international money transfer using a traditional bank. While this may see like a secure trusted option, it can be inconvenient and expensive. In most cases you’ll need to go to a branch unless the bank offers transfers online. The fees are also high and oftentimes you won’t know the exchange rate you’re getting. Even when you are shown the exchange rate, it is not competitive.} number="01" /> Like EQ Bank, there are Canadian companies that have realised customers want more efficient digital services. If you’re comfortable with managing your money digitally, an online bank may be for you.

Other than EQ Bank, Simplii Financial is the main choice offering online accounts and global money transfers.} number="02" /> Another popular choice is a traditional money transfer company. They have locations in convenient places. Note however that this means, like banks, that they have expenses that they pass onto customers. In many cases your transfer with companies like Ria, Western Union or MoneyGram will be with your receiver in minutes. However you will pay high fees and not get a great exchange rate.} number="03" /> There are companies that specialise in international transfers like Remitbee. They operate online, just like EQ Bank. However, money transfers are their main area of business. This means they know the wants and needs of senders and receivers well. You can model your transfer on the Remitbee site before sending to find out exactly what the exchange rate and fee will be for your transaction.} number="04" />

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