Flip Globe | 24 November 2023
Oleh : Rizqi Akbar
Wire transfer is not the only way to send funds to other countries. Nowadays, more people use financial apps for international money transfer and other similar transactions. Financial apps are parts of the common lifestyle during the digital era, which encourage app creators and even banks to offer their own versions of apps.
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While other money transfer options are still available, money apps have quickly become favorites for sending funds internationally. They offer real benefits, such as:
International money transfer used to be a hassle because it took too long. Many times, people had to wait for days or even weeks before they got the money. Financial apps cut all the unnecessary steps and the middlemen, shortening the process and allowing the recipients to get their cash quickly.
How fast is the transfer period when you use a financial app? It depends on each app’s technology and policy, but there are apps that can send money to other countries in just (or even less than) 24 hours, while others may need 2 x 24 hours. They are significantly faster than older methods, which make it convenient.
Financial apps are less complicated to use because signing up is simpler. While bank apps offer similar convenience, you still need to open an account with them to use the app. Meanwhile, financial apps are easier to use because you only need fewer steps to sign up.
Usually, the steps include signing up with your basic identities (name, address, email account or phone number) and an identity proof. You have to follow some verification steps using the email account or phone number you provide. Once you are set, you can immediately use the app without opening some kind of account or other extra burdens.
Are you someone with a mobile lifestyle? Do you travel a lot for your job or leisure activities? Then financial apps are great for international money transfer during one of those trips. In the past, you needed to find a post office or the local branch of your bank for money transfer during a trip. Apps cut the step and offer a more convenient way for fund transfer.
Financial app has a security system that allows secure fund transfer. Nowadays, you can expect a financial app to have an encrypted system, multiple verifications, and additional locking systems like fingerprints. A good app also goes through regular updates, which fixes the bugs and all the shortcomings.
When you do an international money transfer, you want to know the progress and when the fund will arrive. Financial apps usually offer a tracking system or at least a transaction status update. Therefore, you can track the transfer progress without worries.
There are too many financial apps that offer overseas money transfer, so how do you choose the best one?
First and foremost, consider the security of the app. Make sure the app is encrypted, regularly updated, and offers multiple options for users to secure their accounts. A good app must also be authorized by a formal financial body or institute. Ideally, it must offer a way to track or update the transfer status.
After the security, check all the features they provide for international money transfer. How long until the money is sent? How many countries does the app serve? Are there any additional fees you must pay especially to specific destinations?
Finally, make sure the app offers good exchange rates. They make the difference in how much money the recipients actually get. Make a comparison between at least three to four apps to compare the average exchange rates, especially for currencies that you use the most.
Flip Globe is an integrated money transfer app that offers everything you want from a financial app. It finds the best exchange rates possible, without hidden charges or fees. Flip Globe also helps you transfer money to at least 55 countries, which you can do from anywhere. A couple of quick taps and you can send money to people in different countries.
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A financial app makes international money transfer easier and less of a hassle. Want to easily send money to people abroad without delaying your activities? Download Flip Globe and start sending funds to anybody you want without delay or other problems.