In the past, sending money to Ghana was only possible through bank accounts, and it was a complicated and expensive process. The individual first had to find a bank which supported money transfer to Ghana before initiating a request. Additionally, the banks charged heftily for these international money transactions.

Another alternate for transferring money back home in Ghana was through renowned money transfer operators. While they made sending money to Ghana easy compared to the traditional way, i.e., bank transfers, they charged heavily.

With new advancements in technology and systems, things have changed. You can now send mobile money to Ghana from the UK, USA, or anywhere else in the world without having to go through ages-old, complicated, and tiring banking systems. All thanks to the mobile money transfer apps such as EziPay. EziPay app is the best way to send money to Ghana. It allows you to transfer money to Ghana from 149 countries throughout the world.

 

What is EziPay?
EziPay is the simplest payment solution right on your mobile phone. It is the cheapest way to send money to Ghana. In fact, it’s not just cheap compared to any traditional services, but also the safest and most convenient way to send mobile money to Ghana. You can also use this fantastic App to pay for your bills, services, and you could even book flight tickets with this App. Amazing, isn’t it?

You can send money (from 149 countries) back home to your loved ones in Ghana, directly into their EziPay Mobile Wallets or even bank accounts. It’s as easy as adding money to your EziPay wallet using your debit or credit card, following a couple of easy steps, and you are done – money sent!

With EziPay, it’s no longer a daunting task as it was in the past. All it takes is 2 minutes to send money to your family in Ghana. Your family back home can pay their phone bills, television bills, or even transfer money to other people in Ghana using the EziPay app itself. Many merchants already use EziPay in Ghana, so there is no need for your family to carry cash for shopping, they can pay just using their phone.

EziPay is a super convenient app to send money to Ghana. Additionally, EziPay doesn’t charge much to transfer money as compared to banks or other money transfer services, who charge a big fee to send money to Ghana.

Sending money abroad has become much more comfortable and in-expensive, but only if you know the right foreign exchange tool to use. It has become quite common to transfer any kind of international money online or with just a phone call. Do you want to avail instant international money transfer to your loved one’s bank account? If yes, then you can quickly transfer the money from one country to another without any hassles with the help of online money transfer applications. Not just transferring money, but you also pay for an overseas college tuition fees with the best money transfer app.

 

But, it is quite obvious that you can’t do that without paying a processing fee. You must know that every bank and foreign exchange firm has set a particular for such transactions. And, if you are unaware of these set rules, then you might end up paying a large amount of your money as their fees. It eventually means that you will be able to send a lesser amount to your family as compared to what you were willing to send. Keep the following cost-effective ways to transfer money in your mind to save a lot of your money.

 

• Send more, Save more

International money transfer is just like buying things in bulk to save money. It is seen that the more money you send in a single transaction, the better currency conversion rate you will get. It will help you save more money than usual. There are cases where companies don’t even ask for a transfer fee when the transaction amount is quite large.

 

 

• Get linked with international payment companies

Instead of opting for an old school international transfer method, i.e., banks, you must opt for international payment companies. Banks and unions charge an average amount of $42 for an outgoing money transfer, and there are chances that a fee has to be paid by receiving end as well.

Credit card companies also do not offer a cheap transfer rate. According to a recent article, credit card companies often charge 1- 3 percent of the total amount to transfer abroad. One of the best and the most cost-effective ways to transfer money is by choosing a reliable and reputable foreign currency exchange firm.

 

• Wait for the exchange rates you want!

If you have some exchange rate in your mind, then you can consult an international payment company that offers a constant watch service. These companies notify you when the exchange rates have gone to the level you want it to be. This way, you can manage to send a little extra amount to your family abroad. It is a time-consuming process, but you save your money.

 

• Take help of online transaction techniques

Several mobile applications help you transfer your money at a very low processing fee. One such mobile app is EziPay. It is one of the fastest and safest ways to make an international money transfer. With this application, you can transfer money from anywhere across the globe to Ghana. There are many pros of using the online money transferring technique. You must try it and experience this time and cost-effective application.

 

The conclusion of international money transferring tips

There are plenty of ways to transfer money abroad, but it is crucial to do complete research before transferring the amount. This will help you save some of your time and money.

Are you from Ghana and settled in the UK or the US? If yes, you definitely want to send money back to your family. There will be emergencies when you want to find the quickest way to send money Ghana to your family. There are other times when you want to pay some bills, do some investments, help your family out. Trust me; you need to spend some time and figure out what service suits the best for your needs in particular when it comes to sending money home.

EziPay is an efficient app to send mobile money to Ghana to help out your friends and family. A secure, easy, and instant option that makes the distance between you and your family shorter. From now on, you will not have to wait in long queues, or do complex procedures or wait for days to get the money transferred back to your family.

To choose the best money transfer service for Ghana, keep these points in mind:

• Some places in the region are subject to restrictions. If you decide to send money to Congo, Cote d’Ivoire, Libya, Rwanda, Sierra Leone, Somalia, and Sudan, foreign exchange is not welcomed, and you will have to find the nearest or an alternate option to send money to your family.EziPay has nothing to do with restrictions. An EziPay wallet can get your family through all ups and downs. You just have to send mobile money to your family.
• While you went out to settle in the western world, you must be looking for the most suited way to send money to your family. You will find many financial institutions charge really high for the transfers. Other than the high transfer charges, they take a lot of time to actually transfer funds. Your families may have to wait up to a week or so to actually receive the money.

EziPay gives you an option to send funds to Ghana cheaply and instantly. Time is very important, and when there is an emergency, you will want the best money transfer service in hand that will charge low and sends money instantly. EziPay securely sends instant money to help your family when needed.

• Mobile money gets us the ease that we all are looking for. Other financial institutions and international organizations have also shifted their money transfer systems online, and you do not have to wait in queues. But EziPay’s transfer costs stand unbeatable. Institutions still charge huge remittance and transfer fees that impact the amount of transfer significantly.EziPay brings you mobile money with ease and lets you transfer money with lowest cost-remittance

Your hard work has helped in the growth of the African region. More and more people moved out of Ghana in the search of their dreams since 2010, and they have earned success in many fields.

Inward remittance has dramatically affected the economy of the sub-Saharan Africa region. Therefore in 2020, we are looking at a steady increase in the GDP. Till 2019 the numbers did not cross the standard 3%. The current estimates hint us for some significant achievements in the year of 2020. The GDP is affected by the migration and inward remittance to a great deal in the country. The impressive growth of 3+%, according to the estimates of the Pew Research Centre, is expected in 2020.

 

Conclusion:

While you are out in the world, making something of you for yourself and the family, technology has worked to get you closer. Technology has worked around the constantly advancing needs of the people. EziPay is one such place and a high-tech application that has developed around your needs. It brings you a secure money transfer service that helps you remit funds to your loved ones.

Sending money is one of the most common things that millions of people do in the world each day. From international companies to families who are willing to buy a house in another country and finally to the people who send money overseas to their family; it is like a regular task for them.

 

But this task can be very frightening and may cost you a lot if you don’t perform it with smartness. Most of the people are still unaware of the fact that these international money transferring companies have hidden costs. With banks, money transfer companies, and foreign exchange brokers, there are only two major costs involved. First is the service charge for transferring your funds, and the other is to convert your money from one currency to another.

 

Most of the profit of the money transfer companies are extracted from their money conversion ways. These service providers don’t work at the actual interbank exchange rates, but with their own exchanging rates. The profit made by these service providers is commonly known as the ‘Spread.’ Although it is a common practice, you must always be careful about it, as not every company is so upfront about it.

 

Here is the list of the smartest way to send money :

 

• First and foremost way to transfer money are banks

Banks are the largest financial institutions that are quite effective for transferring a large number of funds.  Most business organizations, including small, medium, or large businesses and even individuals use banking services to transfer money overseas. Banks are the most common ways to transfer money; however, now they are being scrutinized because of their high hidden fees. Ask the customer advisors before choosing the bank as your platform for transferring money because otherwise, you may end up losing a lot of money in their hidden charges.

 

• Ask foreign exchange brokers

The broker’s main task is to act as a middle man between the bank and the customer. They usually have great relations with most of the banks, and they work to provide the most competitive rates for trading one currency to another. Again, they may charge you a ton of money for transferring the money from one country to another. The advantage of foreign exchange services are:

• They help you buy properties in a foreign country.
• They allow small businesses to make international payments.

 

• Online money transfer providers

The internet has made our lives easy in every possible way. Transfers through the internet is a very easy method for money transfer for both the national and international levels.  It is the most cost-efficient and smartest way to send money to foreign countries for business or individual purposes.

 

Online transferring channels are regulated by the authorities and agencies, so they are the safest way of sending and receiving money. Some of these service operators take two to three days for completion of the transaction, but providers like EziPay offer instant online money transfer service. Online services have proven to be a revolution in the banking sector at both national and international levels.

 

How to transfer funds online?

Online banking services being the easiest and hassle-free way of transferring foreign currency from one country to another, have built a scope for new and more advanced service providers to evolve. EziPay is one such online currency transfer provider that allows you to send money to Ghana from anywhere across the world. Check out the EziPay’s website to learn about the best way possible and to know how to transfer funds online. Please note that not every provider is the same, so you must study a little before you choose your service provider.

No one wants to deal with expensive and complicated ways of sending money to their family, friends, or anybody else. Whether you want to send mobile money to Ghana to help your family or to pay your business debts, it is something that you must fuss about. You can easily send money to Ghana online without worrying about paying hefty transfer charges with online payment methods. But while choosing between the bank and online transaction services, you must first compare the transfer and exchange fees of the service providers to send money to Ghana.

 

Here is the list of the best way to transfer money internationally:

• Online Money Transfer Companies

The foremost thing to do before transferring money online is to compare the rates of service providers. You must know about the transfer and exchange rates of the providers you are willing to choose to send money to Ghana. It is best to choose the one that offers quick and economical service to send money to Ghana online and save you time and money.

 

If you are unsure to know which service provider to choose, then you must follow the tips mentioned below:

1. Transfer Fees

It is very important to find out whether the provider is charging a fixed amount or some percent of your transfer amount. Some of them may also offer free transfer services, in case of a big transfer amounts.

 

2. Exchange rates

Mostly, the service provider charges exchange rates for their profit. Thus, it would help if you first compared the rate of the currency exchange rate to make a wise decision to send money to Ghana.

 

3. Ways to send and receive money

Online transferring services (like EziPay) offer you to pay directly using Mobile money, through your credit card, debit card, or internet banking. You need to make sure that the provider you choose sends the money instantly, and the recipient can receive the amount directly in their Ghanaian Mobile Money wallet, or bank account.

 

4. Speed of transferring money

If you can spend a little more time on research, you can find better service providers. EziPay is an example of one such service provider that allows you to make a quick money transfer to Ghana. If you are looking for the best money sending app, then you must choose EziPay.

 

5. The limit of transferring money

The amount of your transaction forms the basis of the selection when it comes to choosing the service provider. For a large amount, you must look for the company that offers the least transferring rates.

 

• Email Money Transfer

It is an online money transfer system with no extra transfer charge. It is like a bank transfer, but in this case, the sender does not have to know the receiver’s bank information to send money to Ghana. 

The process

• The sender just has to log in to his bank’s website and fill up a form with the email information of the receiver.
• A security question gets generated, which the sender has to share only with the receiver.
• The receiver’s bank is notified, and then the receiver has to share the security question to complete the transaction.
• This transaction may take up to 3-5 days to complete.

All the details and notifications are shared by email and are completely safe and secure.

 

Both electronic money transfer and traditional money payment ways are available to send money to Ghana. The only thing is that you must research and make sure that you choose the best way to transfer money internationally.

Nobody is comfortable with the expensive arrangements of money transfer from the western world to Ghana. For example, if you live in the UK, transferring money to Ghana is no less than a challenge. You will need to compromise and accept the higher transfer rates of the existing financial institutions.

People have various reasons to send money to Ghana:

• Send money to support the family in Ghana
• Send money to the friends in need in Ghana
• Send money to pay-off the loan in Ghana
• Send money to support a sibling education in Ghana
• Send money to pay bills in Ghana
• Send money to make investments in Ghana

In the early days, everybody would rely on a traditional method like a bank or other international organizations to transfer money. We bring you the best way to send money to Ghana through mobile money.

Sending money to Ghana through traditional methods:

A financial institution like a bank is an age-old method of foreign exchange, be it a business or a personal transaction. People have to bear all the unwanted expenditures for transferring money to Ghana. A retail exchange rate is applied that might cost a fortune to both the parties.

Other transfer operators can also be used to send money to Ghana but with high fees and an unfair exchange rate for the currency.

These traditional methods can take days to get money transferred and reflect in the recipient’s bank account. In case one sends the money to be physically collected by the receiver at their local branch, that arrangement will have its own risks.

Sending mobile money to Ghana:

Online money transfer services like EziPay offer an updated exchange rate and low remittance cost. With EziPay, mobile money can be instantly sent to Ghana. If you live in the USA, then transfer money from the USA to Ghana using EziPay, and it will reach the recipient’s bank instantly.

“Fund transfers through Mobile wallets are nothing more than the money transfers carried out through an easy to use an application on your cellphone device. It offers you amazing features such as mid-trade exchange rates, the lowest possible remittance cost, and detailed reporting on the overseas transfers. It is an all-new way to transfer money back home.”

Mobile payments done with EziPay are supported by the QR Code that ensures the security of each transaction done by you. Mobile money can be transferred at any time from anywhere through your own handy device. You can cater to the emergencies in your hometown better with instant transfer services by EziPay.

In conclusion:

Ghanaian currency is a pie for the intermediaries, and hence your account can be manipulated by the financial institutions. Instead of paying extra fees to the bank, be aware of all costs with mobile money. Keep track of each penny and do not get fooled by the financial institution’s long, tedious, and complex methods of transferring money overseas.

Start using EziPay mobile application that enables you to transfer money online with your mobile from a remote location. All you need is access to the internet. It is the best way to send money to Ghana.

EziPay is your all-new way to transfer money back home.

EziPay enables you to send money to Ghana smartly, unlike no other application, financial institution, or international money transfer organization. The existing methods of transferring money online to Ghana are technologically updated, and one can now wire transfer or remit money online through a bank or any other financial institution. But with their high remittance costs and transfer fees, they fail to surpass the new, instant and efficient ways of transferring money overseas.

EziPay is a cost-effective way to send money to Ghana to your friends and family. With less than 5% of remittance costs, EziPay is a pocket-friendly way to transfer money online.

Existing methods of transferring money online to Ghana are:

• Banks – To wire money from your US bank account to a recipient bank in Ghana, you can use the wire services provided by most of the banks. The bank is responsible for transferring the money from one bank account held with them to another bank account.Most people use SWIFT services by their banks that call for banks to transition the transfer, and a lot of intermediary charges get involved while transferring the money this way.In submission, banks might be suitable for large transactions and the most secure way too. But from a wider perspective, they charge a large sum of fees, and the transfer can take quite a while to be completed. The currency exchange rate might be completely unfair.
• Western Union – Outside of banks, Western Union is the oldest method of transferring money online to Ghana back to family and friends. The system has kept itself quite updated, and one can use the website or the app of the Western Union to transfer money overseas.You can have flexible money delivery options; that is, the money can be transferred to the bank account or can be sent to pick up at the store/nearest Western Union branch. The Western Union charges a little less fee compared to banks and comparatively has a small exchange rate mark-up. The major drawback is the money transfer time (4-5 days).
• TransferWise – This UK company offers upfront charges that are minimum to a large extent in comparison with the banks. They provide an updated exchange rate on the currency. They have an easy to use interface, dynamic to various devices and can be easily handled from a handy device. The biggest drawback is the delivery time.

With all these advancements in technology, we expect a transaction to reflect in the recipient’s bank account instantly. Well, that is possible now! Gone are the times when you had to wait for days to get your transaction made, not only within the countries but also across the borders.

Safe, cost-effective, and fast money transfer with EziPay:

• EziPay is a pocket-friendly way to transfer money to your friends and family. With low remittance costs and the transparency of all expenses incurred, EziPay is the most cost-effective way of transfer money overseas.
• The mobility of application enables us to access our bank account at any time and anywhere, and cater to the monetary emergencies of our families cross-border.
• The transfers can be done in an instant way and are reflected in other person’s EziPay account immediately.
• EziPay money transfer uses a QR Code that assures us of the safety of the money and the transaction.
• There is no need to keep hard copies of the transaction recipients. Every transaction is saved in the EziPay application itself and you can also download your transaction statements at any time.

Conclusion:

Banks do not have control over the intermediary costs, and they can use it to their advantage and hence charge explicitly. This is not the case with the EziPay mobile application. EziPay is an online money transfer solution that is safe, cost-effective, and fast.

Residing in a foreign country has never been easy. You may accept and adapt to their ways of living, but deep down there, who wants to forget the Ghanian ways of living? The main reason you migrated from sub-Saharan Africa was better remuneration, so you can send money back home and help your families live a better life. For that, some traditional methods that can help you transfer money overseas are; bank, cheque, demand draft, money order, and other options that can be super slow and risky at times.

There are multiple ways of transferring money online. We are listing all the major methods with steps to make an international money transfer for you:

• SWIFT transfers through the bank, or we rather can say SWIFT transfers through multiple banks. The SWIFT transfers pass through various banks between the country of origin and the destination. The SWIFT system of transferring funds to Africa is, unfortunately, not so swift.

A chain of multiple banks will just add-on to the cost of remitting money back to your family. In the case of currency change, an unfair exchange rate gets charged that will add to the expenses of transferring funds overseas.

While you are looking at this international money transfer guide to figure out the best ways possible, let us tell you that some banks will allow you to make transfers online, but some may make you visit one of their branches for the same. Either way, the complexity of the process might fool you.

• Wire transfer online – Visit your bank’s official webpage and find a wire transfer section. After that, check the limit for online transfers, which in most cases, is standard $5000. Then fill in the recipient’s bank details and choose the currency. Now pay the transfer fee and wait for the standard ETA (Expected Time to Arrive) to complete the transaction.

The processing fee might go as high as $60.

• Transfer in person – Bring all the details of the recipients to your bank and fill in the forms. Add currency and the transfer amount. Pay the international transfer fee that might go as high as $80.

Low remittance cost is all we are looking for as a big part of the transfers is taken up by the unexplained costs of the bank.

• International organizations: These international organizations collaborate with banks and provide an acceptable exchange rate with a remittance fee as high as $20. They usually take 4-5 days for the overseas transfer.

People want to get rid of all unknown, intermediary charges. With the advancements in technology, there is a possibility to subside almost all the intermediary charges.

• Online money transfer – Digitization has enabled access to financial institutions through mobile devices. EziPay is an international money transfer app that enables online money transfer at any time, from anywhere. All you need is an internet connection and a balance to transact money overseas. It is an easy, cheap, and instant way to transfer money online overseas.

The intermediary charges are subsided, and you can transfer money directly into the recipient’s mobile money account, or a bank account of the recipient.

In conclusion:

EziPay is your option that is transparent about all the costs you will incur, and it helps you transfer money instantly, making this world a smaller place. EziPay is the best ever application to transfer money to African countries, especially.

With over 250 merchants and businesses connected, it gives you the liberty to transfer to any bank account or pay bills, etc.

Remittance cost charged by EziPay is:

4% on MOMO transfer

3% + 8 GHS on bank transfers

Sub-Saharan Africa has the fastest-growing expats population. SSA nationals have migrated greatly since 2010 to the developed countries. Since then, inward remittances have significantly hiked. Consequently, people search for a quick online remittance service to send money back to their families. There are many factors to be considered before remitting money overseas. Read on!

Time, safety, ease, and fees are primary considerations that have to be looked into to carry forward the process of remittance. People compare various options like the post offices, bank transfers, international organizations, and online money transfer methods to send money to their families.

Online remittance service – factors to consider before sending money overseas

• Time – Time is money! You should always look for the fastest available methods to transfer money, be it a bank or an organization. This makes it easy for you to make a decision, especially in case of emergencies back home.
• Safety – To ensure that the money makes it safely to the destination account, one should always look for money transfer through a recognized organization or a secured payment gateway. The payment gateway supported by a QR Code is likely the definition of security nowadays. EziPay provides one of its kind QR verification to verify the transactions.
• Ease – People want ease and simplification in sending money. A large percentage of people prefer using their handy devices like cellphones for doing so. The acceptance of online remittance has facilitated us with easy to use payment transfer methods.Financial institutions and other international organizations have started supporting online wire transfers and online remittance. By paying some transfer fees and for an online procedure, people can send money back to their home countries.
• Fees – With an online system of remitting funds, the intermediary costs have been minimized. You can now transfer money overseas at far less cost compared to the traditional methods of money transfer.

Cost of remitting money online:

Wire transfer online – $60 transfer fee and remittance cost

Most of the third parties – Up to $10 transfer fee and remittance cost

EziPay – 3% + 8 GHS on bank transfers & 4% on MOMO transfer

If you are looking for a smart way to transfer money overseas, EziPay is a quick online remittance service that is cheap and an instant way to send money to your family. Online transfers are the real definition of quick, instant, easy, and secure payment services. EziPay is one competitive platform for transferring money to Africa.

The Conclusion:

Online Remittance Service can be chosen by keeping the above-mentioned factors in mind. One needs to be very careful in calculating all the costs incurred in remitting money overseas. These factors are important as remittance has become a significant part of the survival and development of modern work-force and even countries. Recently, remittance has had a great impact on the economy of African countries. Keep these tips in mind while transferring money back home, and here is a pro tip for you:

Pro Tip: – EziPay is Africa’s first peer to peer payment system secured by QR Codes, which is an instant, secure, and cheap way of transferring money cross-border.

Open the EziPay application on your mobile to instantly transfer money to Africa at low remittance money transfer charges. Unlike other apps and methods of sending money overseas, EziPay does not include any hidden costs or high remittance charges to drain you off, of every nickel you own.

EziPay helps make this world a much smaller place. With instant money transfers, you will not feel the distance between you and your family. Just like they are one call away for a chat, they are now also one click away for a money transfer. When your family has an emergency, EziPay helps you reach them with all the possible help.

Let’s figure out why people from Africa move abroad mostly

=> With the means of escaping poverty and economic hardships many sub-Saharan Africans migrated and settled abroad. This enabled them to earn more and help the families behind.

=> Developed countries like the United States have great opportunities to offer to the hardworking people of sub-Saharan Africa. Remuneration is the major advantage for which people want to settle abroad. They work so hard to earn money as well as respect for their families. Hence, people find ways to instant transfer money to their families after moving out.

=> Like any other developing country, people of Africa struggle to go and settle down abroad for a better life. While settling abroad is not the only relief to the families; the quick money transfer to Africa is another thing they seek a solution to. Piling debts, cost of living, dependency on breadwinner makes people wait for cross-border money transfers back home.

=> The value of money is another important factor that brings people abroad. People lose a significant part of their hard-earned money in the remittance cost and an unfair exchange rate that they are subject to.

Low-cost remittance to Africa with EziPay:

In most money transfer methods, payees are the subject to high remittance costs and retail exchange rate for the currency. It is quite unfair to the people as it’s their hard-earned money. The banks may have many hidden costs that often drain them off.  And then, the long waiting times to actually see the money transferred is simply unacceptable.

EziPay helps make an instant transfer at a competitive exchange rate for the currency followed by low remittance cost. It is an option that provides you with a fair value of every dollar and cent you remit back to your family. At EziPay, we genuinely believe that you and your families deserve nothing but the best ever services.

Remittance cost with EziPay is 3% + 8 GHS on bank transfers.

In Conclusion:

Online transfer with EziPay is an instant, easy, secure and cheap way for you to send money to your family. EziPay is one online option that delivers you world-class services with a “wow” factor. We at EziPay help you stay close to your families while you sit thousands of miles apart. With EziPay’s QR Code system, on each payment, we assure you the security of your transactions. Get the EziPay app today and pay heed to the needs of your family!