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Tips on the How to Transfer Money Overseas in 2020

These tips will help you find the best way to safely and quickly transfer money from the United States to Africa and beyond.

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Disclaimer: WorldRemit Corp and its affiliates do not provide financial advice. This article has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial advice. You should consult your own financial advisors before engaging in any transaction.

At WorldRemit, our customers send money home all year round but the volume of transfers increases significantly during seasonal holidays.

December is a peak period for transfers from the US to countries in Africa, as Africans in diaspora send money to their friends and family to celebrate Christmas and plan for the New Year. Africa is WorldRemit's largest region, accounting for over 50% of all transfers with top receiving markets as Nigeria, Ghana, Kenya, Zimbabwe, Cameroon, South Africa and Uganda.

It is rewarding and exciting to be able to send money to support loved ones, but we understand it can also be a stressful time due to the holidays, financial decision-making for the New Year and last minute expenses. With this in mind, we've created a list of tips to make the whole process that little bit easier.

Plan ahead

Whether you send money home on a regular basis or only during the Christmas and New Year season, it is always best to prepare a budget and plan ahead as much as you can. There are many budget tracking apps that can help you get your finances in check!

Identifying the financial goals of your family in the US and your loved ones at home will help you calculate how much money to set aside on a regular basis. Regularly saving money ahead of time alleviates unnecessary stress and the potential financial strain of a last minute dash to accumulate the necessary funds to send to your family and friends.

Create a plan paying close attention to your sending pattern. How often do you send money home? And how much do you typically send? These are just two of the questions you should ask yourself when creating a plan. Once you know the answer to these questions, you can set aside a monthly budget specifically for your remittances so, when the time comes to transfer money, you already have the funds available and ready to be sent.

Keep an eye out for the best offers

Take advantage of the best promotions when sending money home. At WorldRemit, we are currently offering new customers zero fees on their first three transfers when they send money with us. All you need to do is use the code "3FREE" when making payment. It's super simple to sign up and you can start sending money in minutes. See www.worldremit.com/3FREE for more details (T&Cs apply).

Do your research to stay safe


Always do your research about money transfer providers before signing up. Online money transfers are safer than offline cash-based methods because they leave a digital audit trail, making it easier to track unusual patterns and spot potential fraud.

WorldRemit is licensed by government regulators around the world, so you can be sure we meet the highest possible standards. All customer personal data that is shared with us is treated securely in compliance with strict local data protection regulations, and there are teams, processes, and procedures installed behind the scenes working hard to keep our customers (and their hard-earned money) safe.

Save time by sending online

Online money transfers save customers time as they do not have to travel to a money transfer agent to send money home. With WorldRemit, you can send money 24/7 in just a few taps from a smartphone, leaving you with more time for the rest of your festive preparations!

To make life easier for money transfer recipients, we also offer a variety of pay-out options - including bank transfer, cash collection and mobile airtime top-up - so you can choose to send money home in the way that works best for your friends and family. What's more, we offer notifications for both you and your recipient when a transfer has been sent and received to offer peace of mind and keep you connected.

Happy holidays and happy transfers!




Interview
Photo: Shawn Theodore via Schure Media Group/Roc Nation

Interview: Buju Banton Is a Lyrical Purveyor of African Truth

A candid conversation with the Jamaican icon about his new album, Upside Down 2020, his influence on afrobeats, and the new generation of dancehall.

Devout fans of reggae music have been longing for new musical offerings from Mark Anthony Myrie, widely-known as the iconic reggae superstar Buju Banton. A shining son of Jamaican soil, with humble beginnings as one of 15 siblings in the close-knit community of Salt Lane, Kingston, the 46-year-old musician is now a legend in his own right.

Buju Banton has 12 albums under his belt, one Grammy Award win for Best Reggae Album, numerous classic hits and a 30-year domination of the industry. His larger-than-life persona, however, is more than just the string of accolades that follow in the shadows of his career. It is his dutiful, authentic style of Caribbean storytelling that has captured the minds and hearts of those who have joined him on this long career ride.

The current socio-economic climate of uncertainty that the COVID-19 pandemic has thrusted onto the world, coupled with the intensified fight against racism throughout the diaspora, have taken centre stage within the last few months. Indubitably, this makes Buju—and by extension, his new album—a timely and familiar voice of reason in a revolution that has called for creative evolution.

With his highly-anticipated album, Upside Down 2020, the stage is set for Gargamel. The title of this latest discography feels nothing short of serendipitous, and with tracks such as "Memories" featuring John Legend and the follow-up dancehall single "Blessed," it's clear that this latest body of work is a rare gem that speaks truth to vision and celebrates our polylithic African heritage in its rich fullness and complexities.

Having had an exclusive listen to some other tracks on the album back in April, our candid one-on-one conversation with Buju Banton journeys through his inspiration, collaboration and direction for Upside Down 2020, African cultural linkages and the next generational wave of dancehall and reggae.

This interview has been shortened and edited for clarity.

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