Are you looking for secure ways to wire money to your friends and family this holiday season? Are you worried about the rise in mail theft and want to ensure your loved ones receive their gifts?
The good news is that there are several ways of sending money that doesn’t require you to use cold hard cash. To make certain your gift-giving endeavors are successful this year, we’ve put together a small guide that’ll help you with wiring money.
Read on to learn all you need to know!
1. Peer-to-Peer
One of the safest ways to transfer cash is to send money online. There are many types of peer-to-peer services available these days, so it’s all about finding the right match for your needs.
The best part about this type of money transfer is that your recipient receives the money right away. There’s no real waiting period and they’ll get to use that money as they wish without delay.
Many of these types of services work straight from your phone for even more convenience!
2. Bank-to-Bank
If you want to learn how to wire transfer money the traditional way, contacting your bank is the best way to go about it. The bank will help you every step of the way to make certain that your money gets to where you want it to go.
The biggest hurdle with this type of transfer is that you’ll need to go through a few more hoops to get the money on its way. Plus, it often takes a few days for your money to go from one bank to the other.
There’s also a chance that the exchange rates for sending money abroad won’t be to your liking. Always make sure you’re getting the best exchange rates before you commit!
3. Gift Cards
Gift cards are a good choice because you’ll get to pick the type of store that your recipient loves most. You’ll want to send an unactivated gift card so that only the intended person has the opportunity to use the gift card.
Once your loved one opens the card, contact them with the instructions on how to activate it. This keeps the gift card secure and ensures your money won’t be used by the wrong person.
4. Check
Many people think of checks as being outdated, but the fact remains that they’re a great option for sending money. When you assign the check to a specific person, it’s more difficult for the wrong person to use it.
Since a person needs to go through their bank to receive the money, it’s an extra level of security that wards off any potential thieves.
Wire Money to Your Loved Ones Without Any Hassle
By choosing any of these above methods, you’ll be able to wire money without all of the worries. It’s a great relief during the stressful holiday season to know that the gifts you send won’t end up in the wrong hands.
Go ahead and send money to all of your loved ones this year! And make sure to check out the rest of our blog for all the ways to get the most out of your money!
