Best way to transfer money to Jordan
Famous for its historical sites, Jordan is one of the most popular tourist destinations in the Arab world. Like with many other emerging countries, it’s economy heavily relies on cash transactions. The Jordanian Dinar, national currency has been stable for many years. Bank and online transfers are also a thing, as many people transact virtually. As such, sending money to Jordan shouldn’t be a complicated affair as there are many ways of doing so. Here are several methods of wiring cash.
How to send money
Wiring cash from one country to another can be stressful, especially when the forex rates are poor and the fees are high. It’s a good practice to evaluate all the cash transfer methods available before settling on one. This way, you raise your chances of getting the cheapest way. The following remittance options are popular in Jordan.
- Cash remittance service providers. Ria and Western Union are renowned for their speed and practicality.
- Bank transfers. It’s a traditional method of wiring money from an overseas bank to a local bank account, but it never gets old. The good thing with interbank transfers is that you are assured the cash will reach the recipient. While banks are reliable, they are notorious for hefty fees and poor forex rates.
- Providers with cash pick up. Services like MoneyGram allow your recipient to collect cash at their agent’s pick up point.
- Good old checks. Jordan accepts overseas checks, and that’s good news for those who fancy writing a check. All you need to do is to jot it down, before dispatching it at your local Post Office. It works.
- Paypal. Speed is a major consideration when sending cash overseas, and Paypal delivers well on this front. Paypal allows you to send US dollars directly to the Paypal account of your recipient, at a small fee.
Money transfer services
Which service to use
With cash transfers, each method of remitting cash has its pros and cons. Some are reliable but take time to transfer your cash, while others are fast but costly. For emergencies, providers with cash pickup points are more practical, but expensive. Checks come in handy when there are no emergencies.
How much does it cost?
For cash remittances, you need the option that gives you the best value for your money. It doesn’t make sense when you spend lots of cash to send cash. You want a reliable method that’s cheap and transparent. But which method ticks all the boxes? Is it an online remittance service, a bank transfer or a cash pick up remittance service? Well, here’s a little cheat sheet. The faster the method, the more expensive it is. The slower the method, the cheaper it is.
Our advantages
Comparing the costs of various cash remittance companies sounds like a simple affair, but it’s not. You have to compare not just the service providers and their efficiency, but their forex rates and fees. In between, you have to with the benefits of each method against the demerits. And picking a winner has always been a difficult task. This is why we came up with an interactive comparison tool to make your work easy.
Here’s what you get from our web comparison tool.
- Cheapest service
- Legal cash remittance services
- A huge community of trusting users.
FAQ
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