Internet can be a bit of a mess as far as security is concerned. If you are not careful, you might end up losing money or become a victim of identity theft. There is no doubt that money transfer has become easier with the internet but you need to be extra careful and keep your money and personal details secure. With the rise in online remittance scams and identity theft cases, demand for reliable and safe money transfer options has become a necessity.
The next time you send money online India, here are a few useful tips that will help you ensure security:
First thing you need to do is ensure that the remittance method you have chosen is secure. If you are not sending money through the bank, then you better choose a reliable money transfer agency. There are a few factors that you must consider when selecting an online agency. For instance, you need to find out how long the agency of your choice has been into business, what are people saying about its services and so on. There are several forums online where you can read what people have to say about a particular agency’s services.
Second tip for a safe and secure money transfer is a virus-free device. Whether you are using your tablet or your smartphone, it is necessary to have a secure device that is free from virus or malware. You need to ensure that the device is well-protect and has the latest anti-virus installed in it. Never make the mistake of initiating money transfers from a public computer and don’t share the ID or password of your internet banking with anyone on the phone or emails claiming to be from your bank.
Third safety tip is to send money only to people you know. If you have received an email from someone asking for money before they send you a cheque or a gift, then beware. These are spam emails and if you end up sending money, you will never get it back. So, never respond to any suspicious emails.
Besides being safe and secure when sending money online, you should also make an effort to save some money. International money transfers can be very expensive if you haven’t planned well. You need to look for the best rates and choose an agency that will not burn a hole in your pocket. At times, even if you get the best exchange rates to India, the agency will charge you a high transfer fees which will make your remittance expensive. So, there has to be a balance between the transfer fees and FX rates that you are getting.
With some research and patience, you can save a lot of money. Also, if you look for good FX rates, the recipient will get maximum of what you are sending. By remembering the above-mentioned tips you can easily send and save money on each money transfer.