Money Transfer Currency News

As I started doing some research today on what the top performing money transfer sites are I started in the most logical place by doing a search on Google for “money transfer”. For some reason the search I did used the Australian version of Google (haven’t figured out why yet) but the results that I received were quite odd.

The first two results on the page were Money Gram Australia (the domain was a .com.au) and then Money Gram for the US (it was the .com version of the Money Gram site).

Now I would have thought this makes it hard for the user of Google to believe there are any other sites that are strongly competing for money transfer site services as Google is saying that the best result is Money Gram no matter what?
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This is an interesting BBC interview where a woman was scammed into using Western Union and Money Gram to transfer into someone elses account. While the money transfer systems are safe when treated with care, people need to remember that their account information is as important as their bank account login and passwords and should be kept very secure.

So, the moral of the story is never give out your information to a third party. There are plenty of ways to get the money to another person without ever giving them your account details.

From our own experience, we know that transferring money online can be a daunting task when you’re starting from scratch and have no idea how you’re going to complete the transfer.

Here we’ll try and show some of the options that are available for transfer both between different accounts online and between different exchange rates if your money is in different currencies.

After a reasonably cursory look around online there are the old brand names that people recognize and trust like Western Union and Money Gram in certain countries however there are also a new breed of online transfer companies like PayPal, CurrencyOnline, Xoom and iKobo that are turning up.

Can you trust the new companies? Do you know enough about them? Are any of them local?

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