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How to Send Money Fast

By manybanking.com Staff
If you need to send money fast either domestically or internationally, there are several options you can consider. These options vary in speed of delivery, cost and convenience.

Category Product: 
Savings
Category Finance: 
Personal Finance
Symbols: 
WU
Keywords: 
Western Union, Money Wiring, Wiring Money, Money, Sending Money, Cash, Cash Transfer, Postal Money Orders, Money Wire, Postal Wires, U.S.P.S., Sending Money Fash, Sending Cash Fast
Introduction: 

By manybanking.com Staff
If you need to send money fast either domestically or internationally, there are several options you can consider. These options vary in speed of delivery, cost and convenience.

Banking Wire Transfer
Wire transfers from one bank to another are the tried and true money transfer option. This is generally considered the safest way to transfer money because funds go into a specific bank account. To send money, you need the name of the bank, the account holder’s name and the account number. Delivery times vary with wire transfers. Most domestic transfers can be completed in a few hours, or it could take a few days for an international wire transfer to be completed. Domestic wire transfers are usually cheaper than international wire transfers, but fees can vary significantly between banks. Some banks charge both an outgoing and incoming transfer fee. Most banks require wire transfers to be set up in person at a bank branch, but some banks including JP Morgan Chase, offer an online wire transfer service. Before sending a wire transfer to an international bank, verify that the bank is reputable.

Postal Money Orders and Wires
There are two ways you can transfer money through the postal service—money orders and money wires. Purchasing money orders allow you to safely send money through the mail without the need for a bank account or credit card. For overnight delivery, you can send the money order Express Mail®. Domestic money orders are available up to $1,000, each for $1.05 - $1.50. International money orders cost $3.85 for values up to $700.  You can buy more than one money order at a time and they can be cashed at any domestic post office. Only certain countries accept international money orders. See the USPS “International Money Transfer Services” page for a list of participating countries.

Sure Money™ (DineroSeguro®) is the postal wire service. It allows fat money transfers up to $2,000 per day to 10 participating countries including Argentina, Columbia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Peru. Sure Money™ transfers occur in just 15 minutes, and no charges are applied at pickup.

Western Union
Western Union (Stock Quote: WU) began as a telegraph company in 1851 and has been in business ever since. Today, it’s practically synonymous with person-to-person money transfers. Western Union has over 320,000 agent locations in over 200 countries and territories. Money can be sent to an agent location or to a receiver’s bank account. Fees are determined by the amount of money being transferred and the location of the recipient. It costs more to get money transferred within minutes. For example, a domestic transfer of $1,000 to an agent location costs $79.99 for an immediate transfer and $49.99 for a next day transfer. Transfers can be made via phone or Internet using a credit or debit card. 

Online Cash Transfer
A number of online money transfer services have entered the market over the last decade or so. PayPal is one of the more prominent options. To send money, only a PayPal account is needed. Your account is linked to a credit card or banking account. The funds are then sent to the recipient’s email address.  Recipients must also create a PayPal account to obtain the funds. It is free to send money, but there may be a fee to receive the money.

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Banking Wire Transfer
Wire transfers from one bank to another are the tried and true money transfer option. This is generally considered the safest way to transfer money because funds go into a specific bank account. To send money, you need the name of the bank, the account holder’s name and the account number. Delivery times vary with wire transfers. Most domestic transfers can be completed in a few hours, or it could take a few days for an international wire transfer to be completed. Domestic wire transfers are usually cheaper than international wire transfers, but fees can vary significantly between banks. Some banks charge both an outgoing and incoming transfer fee. Most banks require wire transfers to be set up in person at a bank branch, but some banks including JP Morgan Chase, offer an online wire transfer service. Before sending a wire transfer to an international bank, verify that the bank is reputable.

Postal Money Orders and Wires
There are two ways you can transfer money through the postal service—money orders and money wires. Purchasing money orders allow you to safely send money through the mail without the need for a bank account or credit card. For overnight delivery, you can send the money order Express Mail®. Domestic money orders are available up to $1,000, each for $1.05 - $1.50. International money orders cost $3.85 for values up to $700.  You can buy more than one money order at a time and they can be cashed at any domestic post office. Only certain countries accept international money orders. See the USPS “International Money Transfer Services” page for a list of participating countries.

Sure Money™ (DineroSeguro®) is the postal wire service. It allows fat money transfers up to $2,000 per day to 10 participating countries including Argentina, Columbia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Peru. Sure Money™ transfers occur in just 15 minutes, and no charges are applied at pickup.

Western Union
Western Union (Stock Quote: WU) began as a telegraph company in 1851 and has been in business ever since. Today, it’s practically synonymous with person-to-person money transfers. Western Union has over 320,000 agent locations in over 200 countries and territories. Money can be sent to an agent location or to a receiver’s bank account. Fees are determined by the amount of money being transferred and the location of the recipient. It costs more to get money transferred within minutes. For example, a domestic transfer of $1,000 to an agent location costs $79.99 for an immediate transfer and $49.99 for a next day transfer. Transfers can be made via phone or Internet using a credit or debit card. 

Online Cash Transfer
A number of online money transfer services have entered the market over the last decade or so. PayPal is one of the more prominent options. To send money, only a PayPal account is needed. Your account is linked to a credit card or banking account. The funds are then sent to the recipient’s email address.  Recipients must also create a PayPal account to obtain the funds. It is free to send money, but there may be a fee to receive the money.

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