Wednesday, December 19, 2018

Moving Money Overseas in an Uncertain Climate

by herbertp343 (writer), , January 09, 2018

Luckily today there are easy ways to send money online and meet that need.

The number of displaced people around the globe is growing. Refugees flee war-torn countries and those ravaged by drought and famine. Others leave their homes for political reasons. They might find welcome refuge in a new country, or they might risk everything to sneak away and start a new life somewhere else.

Many more leave their countries for economic reasons. They can't create the life they want at home, so they look to a more prosperous country for opportunity. Right now, there are more than 43 million immigrants in the United States alone. That's more than 43 million people who still have families in their native countries and maybe even spread around the globe in other countries. Those people will still be in contact with their families, and they may even want to help support their families financially.

Consider this example: Several family members flee poverty in their home country, but they don't all have the money to do it at the same time. One person is already in the United States working and building a better life when his brother lands in Canada but is still struggling to find a job. He sends money to his brother to help him with the necessities until he can get on his feet. Or he sends money back home to family still struggling in poverty so that they can get what they need while still saving to leave in search of a better life. Before, sending money across borders was a challenge, especially in war-torn nations. Luckily today there are easy ways to send money online and meet that need.

Political Uncertainty

Since Donald Trump was elected President of the United States, he has attempted to ban travel from certain countries numerous times. He has also pledged to build a wall between the United States and Mexico, as well as to significantly cut back on the number of legal immigrants entering the country. He has also promised to deport as many immigrants living in the country illegally as possible. He has even rolled back protections for some immigrants passed by earlier presidents, such as the protection of people brought into the country by their parents when they were children.

Right now, many immigrants are not sure if they will be able to stay in the country. Others who are hoping to flee their country for the chance at a better life in America are not certain that their trips will happen.They are not sure what the future holds for them, either in their home country or in the country in which they would like to live.

Those who are currently living in the United States do what they can to help family members in their native countries. They might send money, or they might try to secure legal representation from here. They might send money to fund a trip or to get legal help at home. Some just work in the United States to help out family members at home who they know will never be able to make the trip.

Secure Wire Transfers

As the number of immigrants has grown and the political climate has become more uncertain, more unethical "businessmen" have tried to take advantage of these vulnerable populations with all kinds of promises. Some offer wire transfer services, but the money sent never makes it to the people intended. Instead, it goes to line the pockets of the people operating the business.

It is essential that anyone looking to send money overseas find a trustworthy business to make the transfer. The best place to start is with businesses that have an established reputation. Start by asking friends and family who they use and have had success with. Then go online and check out other customer reviews. If the business has a history of taking money, "losing" it, or engaging in other shady practices, you will learn about it fast.

The other thing you should do before choosing a business for sending money online is to check it out at the Better Business Bureau. The BBB will show you if the business has any complaints filed against it or pending litigation.

The political climate may be uncertain, but sending money overseas shouldn't be. You should know that when you pay to have the money sent, it will arrive safely. Do your research so you can trust that your hard-earned money will get to the family that needs it.

About the Writer

herbertp343 is a writer for BrooWaha. For more information, visit the writer's website.
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