{"id":895386,"date":"2021-01-12T17:58:12","date_gmt":"2021-01-12T22:58:12","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=895386"},"modified":"2025-06-23T06:27:42","modified_gmt":"2025-06-23T10:27:42","slug":"5-tips-for-sending-money-to-asia","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/news\/5-tips-for-sending-money-to-asia","title":{"rendered":"5 tips for sending money to Asia"},"content":{"rendered":"

\"Asian<\/p>

Mobile money transfers provide a low-cost, contactless way to send money to loved ones overseas.<\/h2>

Every year, over a million people living in Canada send money to friends and family living around the world. Among the top receiving countries are China, India, the Philippines, Vietnam and Pakistan. If you\u2019re looking to send money to loved ones in one of these countries or anywhere else in Asia, here are some key tips to help you stay safe and save money.<\/p>

\"family<\/a>This guide is sponsored by Simplii Financial Global Money Transfer<\/a><\/strong>, the no-fee international remittance service that allows clients to send money to over 120 countries. New clients can earn up to $650\u2020\u2021<\/sup> with their first global money transfer. Learn more<\/a>.<\/div><\/article>

Five tips for transferring money to Asia<\/h3>

Follow the tips below to avoid delays and save as much as possible on fees and foreign exchange charges:<\/p>

  1. Send money directly to your recipient\u2019s bank account or mobile wallet.<\/strong> With COVID-19 affecting so many businesses around the world, it may be more difficult to go to a physical store or transfer agent to receive funds. It\u2019s also safer to receive money digitally instead of leaving home and potentially having to carry funds around in public. Avoid this hassle by sending money directly to your recipient\u2019s bank account or mobile wallet.<\/li>
  2. Use a cashback credit card to pay for your transfer.<\/strong> Fund your transfer with a cashback credit card, so you can get back some of what you spent. There are many credit cards that come with cashback rewards, but you want to look for one that lets you send money transfers without triggering a high cash advance interest rate. For example, if you send a Simplii Financial Global Money Transfer<\/a> and pay with a Simplii Financial Cash Back Visa Card<\/a>, the transaction counts as a purchase \u2014 not a cash advance. Plus, this card lets you earn 0.5% cash back on the amount you send.<\/li>
  3. Look for promotional offers to save money.<\/strong> Many money transfer services offer special incentives for first-time customers. Right now, you can earn up to $650\u2020\u2021<\/span> with your first Simplii Financial Global Money Transfer. How the offer works: Get $350 when you open a Simplii Financial No Fee Chequing Account and set up eligible direct deposits. Plus, get up to $300 cash back after you send your first Simplii Financial Global Money Transfer using promo code GMTEVENT.<\/li>
  4. Pay attention to exchange rates.<\/strong> Monitor exchange rate changes, and try to send when you can get the most out of your Canadian dollars. Even a small difference in rates can make a big difference in the amount of money your loved ones receive. Consider setting up a forward contract, which helps you limit financial losses by choosing an exchange rate at which your transfer will be triggered.<\/li>
  5. Plan out large transfers in advance.<\/strong> If you plan to send a large amount, be aware that many transfer services impose maximum daily, weekly and monthly sending limits. Additionally, look for a transfer service that charges a flat-fee (or no fee) rather than a percentage fee. When sending a lot of money, a percentage fee can end up taking a lot out of your transfer amount. Simplii Financial Global Money Transfer typically lets you send up to $30,000 per day with zero transfer fees, although the transfer limit may be lower for some countries.<\/span><\/li><\/ol>
    \n \n
    \n
    \n \n \n <\/source>\n \"African\n <\/picture>\n <\/a>\n <\/figure>\n\n
    \n
    \n Sponsored<\/span>\n International Money Transfers<\/span>\n <\/div>\n \n
    \n

    \n How to cut the cost of sending money overseas in 2021<\/a>\n <\/p>\n <\/header>\n

    SPONSORED: Fee-free services and special offers can help you save on your next international money transfer.<\/p>\n\n <\/div>\n\n <\/article>\n\n <\/div>\n

    Each country has its own currency (or currencies), tax rules and financial systems, so it\u2019s important to take your time and research your options before transferring money abroad. To make things easier, we\u2019ve broken down the most important points you should know about sending money to the following popular Asian market destinations.<\/p>

    Extra tips for sending to popular Asian regions<\/h3>