With quick transactions and technology in place to protect your personal details, Sharemoney securely sends your money to friends and family abroad.
Sharemoney is a convenient way to transfer money internationally, and you can set up a free account in minutes. Discover the precautions in place to ensure that your money and personal information is safe.
How does Sharemoney protect my money?
Protecting your banking details is a top priority at Sharemoney. With two decades of experience, it can successfully transfer your funds to 22 countries worldwide.
- Licensed. Sharemoney is a licensed money transmitter that transfers over $1 billion every year.
- Extended Validation SSL encryption. Which keeps your personal details safe from send to receipt.
- Updates and tracking. With Sharemoney’s Money Tracker to follow your transaction throughout the process.
- Accountability. Sharemoney’s parent company, Omnex Group, is one of the most trusted money transfer businesses in the world.
What are my rights when it comes to money transfers?
The Consumer Financial Protection Bureau established rules in 2013 that protect US citizens when transferring money internationally. Federal law now requires many credit unions, money transfer services and banks to disclose information both before and after a transfer.
Before a transfer, you have the right to know:
- The exchange rate.
- Fees and taxes collected from you.
- Fees charged by agents overseas and others involved in the transfer process.
- The amount your recipient is expected to receive (excluding foreign taxes and recipient fees).
You also have the right to know:
- Your ability to cancel the transfer. Unless the transfer has been picked up or deposited, you have 30 minutes (and sometimes more) to cancel at no charge.
- The company or bank’s process to investigate and fix any mistakes. It generally has 90 days to resolve any problems.
These rules apply to all international transfers of $15 or more.
How do I report suspicious activity to Sharemoney?
Sharemoney will never email you to confirm passwords, transaction details or personal information. If you are the recipient of an email from someone claiming to be Sharemoney, do not respond. If you’re wary about an email or phone call, forward the email to firstname.lastname@example.org or call 866-819-0119.
How to avoid a money transfer scam
Most likely you’ve heard about someone who’s fallen prey to a money transfer scam. Stay vigilant with these easy tips.
- Don’t answer unsolicited phone calls and emails. Phishing scams often involve an email asking you to resend passwords or information. If you’re not sure whether it’s legit, go to the company’s website directly instead.
- Don’t transfer money to someone you don’t know. If for an online sale or auction, be sure that you have all of the seller’s information. And do a little research online before sending your payment.
- Ask questions. If a business responds quickly and accurately, that’s a good sign you’re working with a reputable company.
Tips for picking up cash safely
Knowing your money is secure during a transfer is important. But it’s just as vital to be safe when retrieving money. Follow these easy tips.
- Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
- Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
- Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
- Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
With Sharemoney, you can inexpensively and safely send money to friends and family overseas. Compare transfer limits and exchange rates to discover if Sharemoney is the option best suited for your needs.