International money exchange has become an essential service that swiftly transfers money from one country to another. The geographical partition and the difference in the economy make demands to exchange currency from one nation to another according to their economic value. The significance of the International Exchange is enormous. International Exchange supports the immigrant workers to send money back to their homeland to care for their families. People from developing nations like Sri Lanka and Africa move from their homes and to other countries for the purpose of education and employment.
Lack of advanced infrastructure in their homeland and opportunity to learn and earn in foreign countries makes these people move from their homeland. International exchange supports these people to send and receive money across international borders. Initially, international exchanges were made through postal services like money orders. The inception of the Bank and financial sectors supported making international exchange by enabling their partnered bank overseas to execute the transactions faster in comparison to the money order services, which took even months to reach the recipient.
How efficient are International Money Exchanges
The traditional services were less efficient in making international exchanges due to the lack of advanced infrastructure and facilities. The advent of the internet opens the door for making faster and more effective international transactions without any flaws. There are numerous international money transfer service providers in the market offering the most advanced international money transfer services in partnership with multiple banks and financial institutions for instant money transfer services across international borders.
One of the advanced and efficient money transfer services is Teeparam exchange which offers exceptional abilities to make an international exchange at low transaction charges. Teeparam is an FCA-approved international money transfer service provider that assists you in making international money transfer services in numerous ways.
Teeparam follows the most advanced security protocols that support transferring bulk funds and managing the credentials efficiently in a secured environment by defending the platform from any technical breaches. This makes the Teeparam popular among the immigrants to opt to make best international exchanges. Teeparam also facilitates exceptional convenience to the user in making international exchanges by offering multiple money transfer methods and simplified user international exchanges within a few simple steps.
Some of the Best International money transfer methods include in its evolution
Bank Deposit
The majority of banks in the UK support you to make wire transfer money to banks in Sri Lanka. These bank deposit methods may offer weaker exchange rates and demand you to pay higher transaction fees for slower transactions.
Online Money Transfer
Online money transfer offers an efficient solution to make international transactions quickly. Few advanced online money transfer services offer compromising services with exceptional features to send money from the UK to Sri Lanka efficiently with higher exchange rates.
Transfer agents
Transfer agents will have preferred locations dotted across Sri Lanka, which makes it easy to send money that can be easily picked by smaller against in Sri Lanka. This method can be useful for sending money in smaller amounts. Also, the service is available in a few geographical locations where the agents are available. Sending money in larger amounts will be complicated in this method.
Cheques and money orders
This method is the slowest process to send money to Sri Lanka from the UK. If speed is not an issue, one can opt for sending money through cheques and money orders in the bank.
Wire Transfer
Wire transfer is an electronic method of transferring money from one country to another across borders.. The most common way of a wire transfer is through SWIFT (society of worldwide interbank telecommunication network). In the process of wire transfer, only the data or information will be transferred from one bank to another bank. No any physical transactions with currency will be made from one bank to another. Wire transfers are secured by requiring identity and address before making the transaction. This process makes wire transfer secure and impossible to transfer funds anonymously to any account.
How to send money through Teeparam
Every week, thousands of individuals transfers money from one country to another. Everyone needs a simple and affordable way to send rupees back home to help family, friends, and others.
International exchange service providers help you locate the finest solutions, whether you need to make a one-time currency transfer or send money online on a regular basis. Making international money transfer and currency exchange involved complicated financial policies which can be handled by international money transfer service providers pretty easily. Also we are offering the highest rate to Sri Lanka, so you can choose teeparam to send money to Sri Lanka without thinking a bit.
Steps Involved in making International Transaction with Teeparam:
Step 1: Set up your account
Step 2: Submit your details to undergo the KYC process
Step 3: Explore the methods involved in making international transactions.
Step 4: Select the mode and add your recipient’s details
Step 5: Go through the terms and conditions and enter your payment information.
Step 6: Execute the transaction within a click.
Download our Money Transfer app for seamless International Transactions
Teeparam offers the most advanced and sophisticated Mobile app to make effective international money transfers. The mobile application is developed in a user-centric approach to offer an immersive user experience in making international exchanges.
The mobile application allows the users to make transactions within a few simple clicks on the go. Teeparam secured ecosystem enables the mobile app to make bulk transactions effectively, and its online tracing system enables the user to track the status of their transactions. Download and experience the benefits of Teeparam exchange money transfer app.