The USA to Ghana is not at all competitive transfer corridor, though many people look after this path of transferring money, so here we have bought you some of the best money remittances services. These companies provide multiple offers to reduce the transfer fee and deliver funds at best exchange rates. But the major question arises that after seeing competitive exchange rates, which company you should pick to transfer funds from the USA to Ghana.
A few banks, MTOs and startups are also offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company” according to your needs and requirement of the recipient. So, here are a few base points which you should consider before transferring the US Dollar to Ghanaian Cedi:
- Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use cash pickup services of WorldRemit which provides the instant transfer. While, if you have no emergency, then you can use services of Transfast, Western Union, and XE Money, which will deliver money in 2-3 working days.
- Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, Transfast offers a bit lower price than that of live exchange rates but keep it locked until it reaches the recipient. Besides this, WorldRemit changes it depending on the payout option you choose.
- Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, first, watch out that you will not end up paying more than you should.
- Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. WorldRemit, Transfast, XE Money Transfer, TransferWise, and Western Union are also providing their mobile app.