The best way to send money internationally during the holidays

At Mama Money, we understand that the holiday season is a special time of the year, but it can also be a stressful one when it comes to sending money. When you are sending money to family and friends, there are certain factors to consider to ensure a smooth and secure transfer.

Here are some important things to keep in mind when sending money internationally during the holidays:

Plan ahead

At Mama Money, we understand the importance of planning ahead when it comes to sending money internationally during the holidays. Our team of experts can assist you in planning your transfer and ensuring that it arrives on time, even with potential delays caused by bank closures and public holidays. By providing you with a fast and reliable transfer service, as well as expert advice and support, we can help you avoid any last-minute rush and ensure that your loved ones receive their money in time for the holiday season.

In addition to planning ahead for the transfer itself, it's also important to consider any other potential factors that could impact the transfer, such as bank holidays or the specific requirements of the recipient's bank. By doing your research and being proactive in your planning, you can help to avoid any unexpected complications.

Choose the right provider

Choosing the right provider for your international money transfer is key, and Mama Money is here to help. We pride ourselves on our low fees and competitive exchange rates, ensuring that your hard-earned money goes further. Our fast, reliable, and secure service is backed by our reputation as a trusted and licensed money transfer provider. With Mama Money, you can rest easy knowing that your transfer is in safe hands.

One of the main advantages of using a money transfer service like Mama Money instead of a traditional bank is the cost savings. Banks often charge high fees for international transfers, and their exchange rates may not be as competitive as those offered by dedicated money transfer providers. By choosing a provider like Mama Money, you can save money on fees and get more value for your transfer.

Consider currency exchange rates

At Mama Money, we understand that exchange rates can make a big difference when sending money during the holidays. We offer competitive exchange rates, helping you get the most out of your money. We also offer a great exchange rate, giving you peace of mind.

When sending money internationally, it's important to keep an eye on exchange rates and choose a provider that offers competitive rates. By doing so, you can ensure that you get the most value for your transfer and avoid losing money due to high exchange rates.

Staying safe and secure

At Mama Money, we take safety and security seriously. We use secure encryption technology to protect your personal and financial information, and we have strict security measures in place, such as two-factor authentication, to prevent unauthorised access to your account. With Mama Money, you can trust that your money and information are always safe and secure.

One of the main concerns when sending money internationally is the risk of fraud or theft. By choosing a trusted and licensed provider like Mama Money, you can rest assured that your money is in safe hands and that your personal and financial information is protected.

Choose the right transfer method

At Mama Money, we offer a variety of transfer methods to suit your specific needs and preferences. Our bank transfer option is a cost-effective option, and our mobile wallet transfers are fast and reliable. We are committed to providing you with the quickest and most convenient transfer service that meets your needs.

When choosing a transfer method, it's important to consider factors such as speed, cost, and convenience. Depending on your specific needs and the needs of your recipient, different transfer methods may be more suitable. At Mama Money, we offer a range of options so that you can choose the method that works best for you.

Understanding fees and limits

At Mama Money, we believe in transparency and making sure that you understand any fees and limits associated with your transfer. We offer a fee-free transfer option, and we keep our fees low to ensure that you get the most out of your money. We also have limits on the amount you can transfer, as well as daily and monthly limits, but we always make sure that these are clearly communicated to you.

At Mama Money, we are committed to making your money transfer during the holidays as smooth and stress-free as possible. By planning ahead, choosing the right provider, considering exchange rates, prioritising safety and security, choosing the right transfer method, and understanding any fees and limits, you can rest easy knowing that your money is in safe and reliable hands. Let Mama Money help you make the most of your holiday season by providing you with a fast, convenient, and affordable transfer service.

What fees can you expect from banks when doing international transfers?

When sending money internationally, it's essential to be aware of the fees that banks charge for their services. These fees can vary depending on several factors, such as the amount of money being sent, the destination country, and the currency exchange rate. Some common fees include the wire transfer fee, which is a flat fee charged by the bank to send the money, and the currency exchange fee, which is the cost of converting your money into the currency of the recipient's country.

Banks may also charge additional fees for intermediary banks that process the transfer. It's important to compare fees between banks and consider alternative money transfer options, such as online money transfer services, to ensure that you're getting the best deal for your international transfers.

FNB (First National Bank):

International money transfer fee: R250 (flat fee)
Currency conversion fee: 2.75% of the transfer amount
FNB mentions that Mama Money sends to countries such as Zimbabwe, Mozambique, and Malawi.

Nedbank:

International money transfer fee: R250 (flat fee)
Currency conversion fee: 2.75% of the transfer amount
Nedbank mentions that Mama Money sends to countries such as Zimbabwe, Zambia, and Malawi.

ABSA:

International money transfer fee: R250 (flat fee)
Currency conversion fee: 2.75% of the transfer amount
ABSA mentions that Mama Money sends to countries such as Zimbabwe, Mozambique, and Malawi.

It's important to note that the fees mentioned above are subject to change, and additional fees may apply depending on the intermediary banks used to process the transfer. It's always a good idea to compare fees between different banks and money transfer services to find the best deal for your specific transfer needs.