Tips on comparing the various methods of sending money between countries. This is a case study of transferring money between Singapore and Indonesia.
When you are a migrant worker, you probably need to move some money back to your home country. There are relatively recent offerings of cheaper money-transfer services, typically advertised as remittance – both from banks or specialist companies. Some even promises free of transaction charges. Then you might wonder, with so many options how can you choose the best one? What are the difference between these services and regular telegraphic transfers?
