- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United Kingdom to Tajikistan doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the most Tajikistani somonis for your money. From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Tajikistan is easy. However, do your research and shop around for the best available deal.
We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major UK banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.
You can often save money by using the services of a dedicated money transfer company. These providers specialise in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees.
While Farzin is spending a few years working in London and enjoying traveling around Europe, he is also trying to save money to send home to his family in Tajikistan. He has saved £1,000, which he is ready to transfer to his parents, but he is dismayed when he discovers the £40 fee his bank wants to charge him. He decides to shop around for a better deal from two popular money transfer companies.
|Money transfer company 1||Money transfer company 2|
|Exchange rate||£1 = 10.024||£1 = 9.882|
|Transfer method||Bank account deposit or cash pickup||Cash pickup|
|Processing time||1 hour for cash pickup, 3 days for bank deposit||10 minutes|
As you can see, Farzin can save money on fees if he uses the first transfer provider, but has to put up with the transfer being a little slower.
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the pound was worth approximately 26 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
If you ever have to send an emergency transfer, perhaps to help out a family member in desperate need of cash, you won’t have trouble finding a company that can send your money to Tajikistan urgently. Of course, you’ll need to be prepared to pay extra for the service, so it’s always a good idea to make sure you know all the details of a transaction before you hand over your money. Higher fees and lower exchange rates are common features of emergency transfers, so don’t be surprised if you have to pay a little bit more.Back to top
You’ll need to provide a range of details in order to place a money transfer, including:
Any transaction reference number you receive after paying for your transfer can be used to monitor the progress of your funds.
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