Alternatives To Scotiabank International Money Transfers

Banks are seen as a safe and traditional option for international money transfers. This is because they are well-known and seen as trustworthy. Yet they may not always be the cheapest or fastest option. Banks need up to three days to complete a transfer, and sometimes may take even longer. The receiver also needs to have a bank branch near to them, which can be inconvenient. Scotiabank's online transfer option does benefit from a lower flat fee than other banks, however.} number="01" /> There are a number of other online providers such as Remitbee, Skrill, and Transferwise that provide international money transfers.

There are also traditional money transfer companies like Ria, Western union and MoneyGram.} number="02" /> A specialist international money transfer service like Transferwise may be a better alternative to Scotiabank. Like Scotiabank International Money Transfers, it is exclusively online. The difference is that Transferwise always uses the mid-market exchange rate. It does have a fee as well, but that fee is transparent and is usually small. Transferwise uses local bank accounts to transfer money, which is why they can keep fees low.} number="03" /> Remitly is another online international money transfer alternative to Scotiabank International Money Transfer. It has a user-friendly app and website. Remitly also has a large worldwide network of banks. This means no matter where your recipient is, it’s likely there’s a branch near them.Your recipient also doesn't need a bank account, as Remitly's payout options are numerous. These include home delivery, the mobile wallet, and cash pickup} number="04" /> Remitbee is another trusted alternative to Scotiabank International Money Transfer. Created specifically with the needs of immigrants in mind, it makes sending money to friends and family back home extremely easy. The exchange rate margins are low, so you keep more money in your pocket.} number="05" />

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