Phoenix Baker • Money Transfer Guide • 19 Jan 2022
Today’s guide is all about navigating the UAE remittance market and tips to choose the smarter way of transferring money internationally, an essential lifeline for millions of expatriates.
In this guide, we’ll explore:
In this guide, we’ll explore:
Think about it: Your money is precious! You wouldn’t trust just about any app to handle your international transfers. Pick a trusted provider—it’s your first defence against scams. Here’s how you can do that:
Does the platform guarantee fast delivery, even if you must pay a little extra?
No jargon, just the essentials.
Money transfers on top online apps sounds harmless, but we have heard more than our fair share of hacking incidents worldwide.
Create complex and unique passwords for each account. For example, a password like 123456 (claimed to be the world’s worst password) can be hacked in 10 seconds.
Two-factor authentication adds an extra layer of security. To keep hackers at bay, you can choose SMS, biometrics, or set up a push notification to approve the attempt to access the account.
That café Wi-Fi might be great for scrolling Instagram, but it’s a no-go for financial transactions. Use a private, secure connection when handling sensitive money transactions. It’s best to stick to private networks like your home or office. Avoid cafes, restaurants, and hotel
rooms.
LeoCompare works with trusted money transfer partners who have
advanced technology to keep your transactions safe from online fraud.
In most emergencies, time isn’t on our side. A speedy transfer makes life easy. Learn how to save precious hours by:
Exchange rates can swing wildly. You should find ways to get the most value for
your money. Here is what you can do:
If you are not in a hurry, you can monitor exchange rates and transfer
money only when the rates are in your favour.
LeoCompare works with trusted money transfer partners who have advanced technology to keep your transactions safe from online fraud.
Some slip-ups can drain your wallet or delay your transfers. Here’s what to
remember:
A single typo can derail your transfers. Therefore, check every detail thoroughly before you hit ‘send.’
Don’t settle for the first money transfer provider you come across. Instead, use LeoCompare to compare between many top providers and get the best deal.
Track your transfers until it reaches your recipient on time. If there is a setback, you can touch base with customer support to understand what’s causing the delay.
International money transfers need not be a headache. With the right tools and thoughtful planning, you can ensure your money gets where it needs to be-quickly and securely.
It’s your assistant for international money transfers, minus the hefty fees.
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