Money can be transferred around the world in a variety of ways. These include

• Telegraphic transfer
• Bankers Drafts
• Travellers Cheques
• Cheques drawn on your own bank account at home.

• But if youre looking to transfer money quickly your options include

  Instant transfer - companies such as Western Union and MoneyGram claim to be able to put money around the world in minutes. While all the leading banks and some building societies offer a service which will usually be cheaper but take a little longer usually a few days.

  International money transfer tends to be used by

  • people who want to move funds around to fund overseas holiday homes and keep family members in funds.
  • business travellers
  • The leisure traveller who needs emergency money if stranded or the victim of a mugging or burglary.
  • people to pay emergency medical bills abroad.
  • student travellers overseas.

  • See Also Investment Centre Current Account Comparison Service Deposit Account Comparison Service Cash ISA Comparison Service

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    2009-02-17 00:00:00 © Moneyextra.com