3 Things to consider when you want to send money from Canada to Lebanon
Different service providers have different incentives to their clients who want to send money abroad from Canada to Lebanon. Therefore you need to act cautiously in order to pick the service provider that is in liaison with what you want. Some of the factors to look out for are:
- Exchange rates
The interbank rate is the CAD-LBP exchange rate. It should be closer to the mid-market rate, the latter being the actual exchange rate between the two currencies. Only then will you get the most out of your transfer.
- Transfer speeds
Certain service providers offer a higher fee for faster delivery hence you can take advantage of this during emergency transfers. On the other hand, if you do not mind your transfer taking a couple of days before delivery, then you can opt for a slower but cheaper option to use.
Many restrictions may be accrued during your transfer whether it is on the transfer limits you are allowed, the periodic intervals in which you can send your money or the mode of payment and pick-up of your money. You, therefore, have to be inquisitive on the nature of the service provider you wish to use.