How do I send large sums of money overseas?

There are several ways that you can transferring large sums of money internationally. Compared to Canadian banks, international money transfer services tend to offer more competitive exchange rates and lower fees.

How can I instantly transfer large amounts of money?

One of the fastest ways to transfer money internationally is to use a cash pickup service. They allow your recipient to have almost instant access to the money you have sent, without the need for a bank account.

What is the safest way to transfer large amounts of money?

From a safety standpoint, the best way to send large amount of money is through bank wire transfer, but this is expensive and time consuming. Online money transfer services are typically less expensive and quicker.

Can I bring large sums of cash into another country?

The rules around bringing large sums of cash to another country depend on the country you're visiting. Check the customs guidelines in your destination country before you travel. Bear in mind that carrying physical money is risky, as you can't easily recover lost or stolen cash. Instead, consider sending an electronic money transfer and keeping a small amount of cash on hand for emergencies.

Kevin Joey Chen, Writer at Finder

Kevin Joey Chen

Writer

Kevin Chen is a personal finance expert and a former writer at Finder. His expertise has been featured in CNN, U.S. News and World Report, Lifehacker and CreditCards.com, among other top media.