The secret is that when you have enough time to plan for the transfer, you have increased chances of minimizing costs. Early planning means you will have enough time to compare money transfer platforms and other service providers, especially as far as fees for the transfer are concerned. Comparing also means that you can land offers that can save you a great deal of money with the transaction. It is very cheap and efficient to send money electronically, but it can get even cheaper when you have time to compare and choose the best platform.
Keep an eye on the fees
The amount of funds you intend to send can be eaten up by fees charged for the services. If you are a company sending money, consider sending larger denominations because smaller ones will always be more expensive as per percentage. Think about currency conversion rates that can affect the last amount that the recipient gets. It helps to be up to date with the current exchange rates so that you are sure of getting a fair offer from the transfer company that you choose to use. Verify the exchange rates if you have to and ensure that you are aware of all transaction charges before going ahead with the transfer.