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Almost all people at least once in their lives come across the need to remit or get cash. In previous days you'd need to go to the postal department. Solely there one would learn the way to send money online. One had 2 alternatives to send funds: either by telegraph or by mail order. The payment for using one of these methods of transferring finances used to be rather competitive thus citizens would not need to think about the worth of the service. Since that moment the worth of remittances, their location and prices haven't stayed the same. Remittance of e-money is a quite advantageous business that's why large local banks and representatives of international transfer systems began to offer it apart from mail offices. Thus, just now, there're several methods for transferring cash without opening banking accounts. For each particular event you can choose the most suitable way to send funds.

WESTERN UNION

In 1851 there appeared an organization in America known as Western Union Financial Services, Inc. It is engaged in money transfers since 1871. WU joined First Data Corporation in 1995. International money transmission system established by WU works in 198 countries and comprises more than 120 thousand points of consumer facilities. A bank or any other juristic body may be the representative of the company in case they possess a certificate to deal with currency operations.

The company uses security system of the highest world standard to protect their remittances. At the moment of receiving money you need to keep in mind the control number (10 symbols), as well as the password fabricated by the transmitter (not more than 4 words).

Paying of finances is made in the currency mentioned in the agreement of the agent with the agency. Sending finances outside our country, you'll need to do it in U.S. dollars. As soon as you send cash it's automatically converted according to the course of the organization. The course is established every day (sometimes several times per day) and can at times be beneficial to the customer but not all the time.

MONEYGRAM

MoneyGram Payment System was created in 1988 as a subsidiary of American Express. Newly the MoneyGram transfer system's become a participator of Travelers Express Company Inc. The quantity of services it supplies in 142 countries contains not less than 52 thousand items. It controls nearly one-fifth of the world market of fast money transfers. The principal of functioning of these two agencies is very similar.

It's necessary to hold a certificate of identity and be aware of the remittance check number comprising 8 symbols to receive the finances. A gratuitous letter of not more than 10 words may also be added to every transfer by the sender.

The traditional systems of universal transfers, including Western Union and MoneyGram, offer trustworthy and comparatively fast remittances. You will find them particularly advantageous if you wish to transfer $400 and above. In this event, a commission payment amounts at the average 5-10 percent of the sum of the transmission.