In Vietnam, many people go abroad to earn money for high-paying jobs. When they are in a foreign country, family means more to them. and if they don’t return to their country often, the only way to take care of them is to send money to them. For example, a Vietnamese who works in the UK wants to send home half of their salary each month. A money-saving and safe way to send money is very important.
When it comes to cross-border remittance, many people think of international wire transfer first. It is well known that it charges high fees up to 5% at least. Especially for small amount remittance. It’s hard to accept by those is far away from home, trying to send money to his family.
So, is there a way to send money to Vietnam with low commissions and fast speed?
At this time, you will definitely think of some emerging remittance systems, such as Western Union，MoneyGram, etc. It is true that most online transfer providers are cheaper than banks. So which one is the cheapest and safest?
For remittance route from the UK to Vietnam, Epay stands out from many online money transfer providers, such as Transferwise, Worldremit, becoming the cheapest way of remittance. Let’s compare the rate with worldremit of sending 1000 British pounds.
Obviously, Epay is cheaper! Why?
Epay has remittance agents in both countries. One to receive your payment currency, and another to pay target currency to the receiver. So the money transfer is actually between local banks. Money transfer between local banks can be said instant compare to cross-border remittance. At the same time, the fee is greatly saved without bank fee and Intermediary bank fee or hidden fee.