It’s 2024 – technology has advanced, borders have connected and the need to secure your personal assets like your money is at an all-time high. Managing money well has never been more important. Whether you’re sending money back home or receiving funds, it’s important to do it efficiently and securely.
We get it, sending money from abroad to yaad can be stressful during the holidays, but it doesn’t have to be. Here are some tips to ‘Mek Di Chrismus ketch yu in a good mood’ by ensuring that your remittances get to where it’s needed, with little to no hassle and minimal fees.
- CHOOSE THE RIGHT CHANNEL: Selecting a trustworthy and reputable remittance service is important when it comes to sending or receiving money. A good option is VM Money Express which offers easy ways to send money to your loved ones back home. And the best part is that you get access to affordable rates. Other options are available such as Western Union and MoneyGram.
- DIRECT TO ACCOUNT TRANSFERS: Direct to account transfers offer you the chance to skip the long lines, but they are also reliable methods. With VM Money Transfer customers have the flexibility and convenience to have their remittances sent directly to their VM Building Society account. Check out our ‘Direct to Account’ services.
- CONFIRM RECIPIENTS’ DETAILS: Always ensure that you double and triple check that you have the correct name spelling, address, phone number or account details of the people you’re sending money to. This also helps to eliminate any possibility of having to go back and forth.
- TRACK WHAT YOU’RE SENDING: Some remittance services provide tracking capabilities for your money transfers. Take advantage of this feature so that you can monitor your transactions and confirm when it has been received. You can also save your receipts just in case any issue comes up.
- KNOW THE TRANSFER FEES FOR LIMITS: Different remittance services offer different exchange rates or service fees for sending money. A good practice could be to seek out how much money will be deducted from what you’re sending before you decide to send… just so you’re on top of things.
- AND DON’T WAIT TOO LATE: Reports from the World Bank show that the volume of remittances sent to Jamaica during the festive season is consistently higher than in other months. With this high demand, the lines are going to be longer closer to Christmas day. How about planning ahead by making your transfers as early as possible to avoid the last-minute rush.
Reports from the World Bank show that Jamaicans abroad send over USD $2 billion annually, with a significant portion of that being sent during the festive season. So, we know that sending and receiving money through remittance services is an important part of life for many Jamaicans.
We’re here to help you understand how to send and receive money this holiday season safely and effectively. While you get ready to make someone smile, we want to make your smile even bigger with some more helpful tips. Just click here.
