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information for global expats



Expat Information: Money Transfers for Expats

A money transfer, sometimes referred to as a wire, credit or telegraphic transfer is a method of electronic funds transfer from one person or institution to another, allowing people in different geographic locations to easily transfer money to other locations and institutions around the world. Provision of this service usually incurs a fee set by the processing bank, sometimes based upon the total value of the transfer being made.

Different systems and processors provide a variety of services from the high-street’s Western Union, who can facilitate cash transfers through their shops, to online services.

 


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