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North Korea has been a significant source of skills for the US both virtually and in the real world. With that stated, sending money between these two countries is one of the easiest tasks to perform if you have the right information. At Exchange Rate IQ, we provide you with full information about the exchange market between US and North Korea. From the cheapest way to the fastest method of transfer, we make it easier for you to select the most satisfying transfer agent for you at no extra cost.
Sending money to North Korea can be because of various reasons. Korean immigrants have to send money back home once in a while and American companies outsourcing skills from North Korea also need to pay their employees. Don’t forget that there are other things like purchasing property and paying for school fees among other many reasons. Know that there are three main ways through which you can send money to North Korea and they include:
Money apps: Money apps are widely used because they are a cheap way to send money from US to North Korea. Additionally, these apps are easy to access and one can easily access money using a debit card or directly through the bank. Some of the top apps according to users include. Ria and XE Money. Working with money apps has its risks and without doing enough research, you can easily fall victim to ill-minded people. That is why you need platforms such as ERIQ because before suggesting a transfer agent, we do our homework.
Direct bank deposit: You can deposit money directly into a bank account in North Korea by using a money app or directly from your bank account. One of the ways of having a good experience with making a direct bank deposit to North Korea is finding a bank that offers the service. Alternatively,
Cash pickup services: You can send money to the designated pick up points for it to be picked in cash form. Western Union is a big name when it comes to these services followed by Travelex. The good thing with these services is that they are instant because one does not have to wait for the money to travel all the way from the US. However, much direct cash transfer is one of the fastest ways to send money rm US to North Korea, the service is quite costly.
It is common sense that before sending money to ensure that the entire process is seamless. You will first need to know what it will cost you. There are free ways to send money to North Korea but they come with their disadvantages unless you play your cards right. Still, on the cost of the transfer, you should find out if there are promo codes that you can use to get a good discount.
You will want to know how much time it will take your money will take before reaching home. There are some international transfers that last up to a week they can be a real inconvenience if you wanted to send money faster. Therefore before initiating a transfer, make sure that you are sure about how long it will take. You will avoid getting into trouble with the receiver.
If you are sending money using a money app or any other online platform, confirm with the receiver is the services are available in their country. There have been cases where someone sends money using a service that is not available in another country and it gets complicated before the money can finally get to the hands of the owner. By selecting a service that is accepted in both countries, your transfer experience will be enjoyable.
It takes work to get the best rates to send money from US to North Korea but the good news is, we have done all the work on your behalf. We provide you with the updated exchange rates and service costs as provided by the client money transfer company. Instead of wasting time online going through each company profile and searching for customer reviews as well, you can use our platform to access all this information at once.