Planning to Transfer Money Abroad Online – Avoid These Common Mistakes

 International payments are not that easy! Whether you are planning to move, making a business payment, or simply sending money to a family member abroad, there are many ways to get it done. Thanks to modern technology and, the internet, that has made the process easier to send money online instantly. The transactions are now quicker, safer, and affordable. But what about the common mistakes that you do while transferring money abroad. Let’s take a glance at some of them:

a) Not aware of the actual exchange rate

b) Entering wrong recipient details

c) Paying high transfer fees without enough knowledge 

d) Becoming victims of common scams

e) Not checking the proper delivery time

Avoid Common Mistakes

If making the right decisions when sending money online seems difficult to you, don't worry. We're here to help. It’s time to look at the ways you can mitigate these common mistakes.


a) Pay Attention to Exchange Rates

Depending on market conditions, exchange rates can change rapidly. The transfer fees can vary which is why you need to be aware of the current scenario. Most people are not very attentive when it comes to checking exchange rates. They assume that in every situation the exchange rate will remain the same. So, you must check actual rates from time to time.

b) Make Sure You Have the Right Recipient Details

One must check the details of the recipient before sending money. Try to avoid some common mistakes like spelling the name wrong or mixing up digits of bank accounts. In fact, providing the wrong account details can lead to detrimental repercussions. You must check the recipient’s full name, account name, home address, bank code, etc.

c) Use Low-Cost Money Apps to Avoid Extra Fees

When it comes to transferring money overseas online, nobody wants to pay a heavy amount. Start using low-cost money apps like Tamsey. Unlike others, this app allows you to transfer money abroad online safely and instantly. All you need to do is register for free and get started.

d) Try to Stay Away from the Online Fraudsters

Unfortunately, online money transfer is not that safe because of the scammers. Never trust any stranger demanding money from you online and don’t reveal your account details. Before sending money, be completely sure of the person to whom you’re sending money to.

e) Watch Out for Delivery Time

If you need to send money online instantly or by a certain time, it’s vital to check how long your money will take to send with each transfer provider. It’s always a good idea to adopt a safe, reliable, and prompt money transfer application so you don’t risk a late money delivery.


In conclusion, international money transfer requires careful actions. If you mess up even with one thing, the transfer may get rejected. This can often lead to misdirection. To avoid these common mistakes, some helpful tips have been shared to mitigate a big loss. So, be vigilant from next time onwards before you make an overseas payment.

For easy, quick, and safe transactions - Tamsey is a one-stop solution! Download the App Now!

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