TOP 5 TIPS FOR BANGLADESHI IMMIGRANTS SENDING MONEY FROM SINGAPORE!

Are you worried about sending money from Singapore to Bangladesh? Every Bangladeshi expat has the same concern. The concern becomes worse when you are a new immigrant in Singapore. This happens because you don’t have the directions to accomplish the money-transferring task quickly. If your concern about sending money to your family is fulfilled, your mind will be at peace, and you will wholeheartedly be aligned towards your other essential tasks. Once equipped with the best international money transfer method, hunt for some pro tips, like:

• The Terms and Conditions
  
  
•  Lowest Transfer Charges
  
  
•  Further Hidden Fees
  
  
• The Best Exchange Rates
  
  
• The Customer Reviews

Are you a Bangladeshi expat willing to send money from Singapore?

Research and brainstorm for the best online money transfer service in Singapore. Once you have the perfect provider like Speed Remit and the essential tips in your pocket, you will transact the funds to your loved ones like a champ. This will not only vanish your worries but also save you time. In this blog, we will discuss these pro tips that every Bangladeshi expat must follow to transfer money from Singapore to Bangladesh quickly. Keep reading the blog to unveil these pro tips and their effects on your international transactions.

Choose the best Provider:

The first step is choosing an online money transfer provider to send money from Singapore to Bangladesh. This step is a pillar step, as all the tips are connected with it. Firstly, look for the top 10 online international money transfer service providers. Now, pick the most reputed and famous among those top 10 providers so that it would be easy to compare and get the best one from the list.

Read the Terms and Conditions:

Read the terms and conditions soon after signing up for the online money transfer service. The terms and conditions are an agreement between the customer and the provider. So, be attentive while reading the T&Cs to avoid missing any vital points. A wise person will never forget to read the T&Cs to avoid future barriers and enjoy a happy transaction from Singapore to Bangladesh. Therefore, never neglect the T&Cs portion, as it is crucial for the customer to go through it.

Search for the Best Exchange Rates:

Once you have read the T&Cs, you can see the exchange rates from SGD to BDT they offer. Compare the rates with the list of online providers to determine which provider offers the best rates in the market. Keep this tip in your practice to avoid any poor transaction of your valued money. In this way, you can get a maximum amount of your currency exchange to send to your loved ones.

Watch out for the Transfer Fees:

Soon after determining the exchange rates, look for the transfer fees they charge. The transfer fee varies from provider to provider, depending on their terms and conditions and the amount of your transaction. Some providers, like Speed Remit, give their new customers 2 free transactions, which is an excellent opportunity for an expat. Therefore, look for the online remittance provider with the lowest transfer fees.

Hunt for Hidden Fees:

Some online money transfer service providers charge hidden fees. It feels so bad when you haven’t looked for the hidden charges, and at last, you are charged more than you thought. Therefore, always remember to search for hidden charges thoroughly to avoid any extra deduction. In this way, you may mark yourself safe from any further fee deduction.

Read the Customer Reviews:

Customer reviews are the backbone of any platform. While searching for the best provider, remember to go through the reviews section. This way, you can make a perfect decision about whether the online remittance provider is trustworthy and reliable. So, those who are confused about whether to trust a platform or not can read the customer reviews.

The Verdict:

In the blog, some essential pro tips for selecting an online remittance provider are discussed to make your transfer affordable, smooth, and protected. Follow the tips to choose the provider with the best services. For your international transactions, you can make your first two transactions free via Speed Remit.

THE BEST POSSIBLE WAYS TO TRANSFER MONEY ONLINE FROM SINGAPORE TO THAILAND!

Well, it would not be wrong to say that Thailand is the best tourist attraction globally. Many people from around the globe come here to enjoy their holidays in the best way possible. From an island in Europe to an average country in Asia, many people dream of being in Thailand to spend their days and nights full of unforgettable memories. However, the main challenge for tourists is “how to make a currency exchange from SGD to THB?” as soon as they step into Thailand. For this, you don’t need to panic at all because there are still some safe and sound online options for international transactions.

Whether you want a currency exchange or to transact money from Singapore to Thailand in your loved ones’ account, various online money transfer service providers are waiting for you. Nevertheless, picking the best provider from the crowd is a challenging task. Whenever you get stuck in this situation, always look for the most reputed, encrypted and affordable online transaction service like Speed Remit. Keep reading the blog to unveil the best possible ways to transfer money online to Thailand from Singapore,

Bank Transfer:

A bank transfer is one traditional way to transfer or exchange your money from Singaporean Dollars to Thai Baht. Both options are available, whether you want to transfer physically to the bank or through online banking. Although the method is secure, it’s not fast, and some hidden charges will definitely cut from your transacted amount. Therefore, many people don’t opt for this method as they want the best rates with secure and fast transfers. Do you still want to transfer your money via bank? Utilise financial institute services like DBS, UOB or OCBC to transfer your funds.

Money Transfer Services:

When you google for the best ways to exchange or transfer Singaporean dollars to Thai Baht, you will find many money transfer companies out there to entertain you. From competitive rates to pocket-friendly transfer charges, there are many benefits to your international transactions via online money transfer services. If you want to transfer money from Singapore to Thailand swiftly and securely with budget-friendly rates through a well-known money transfer company, then you can try Speed Remit.

Online Platforms:

Besides Bank Transfers and Money Transfer companies, one can also benefit from different online platforms. Well, online platforms also work like online transfer companies, but the chance of fraud or scams is higher. People brainstorm more than usual to pick a secure online platform to transact Singaporean currency to Thai Baht. Due to the risk of high online money theft using online platforms, many people opt for online money transfer companies to make their transactions instant and protected.

Currency Exchange Offices:

This method is for customers who just want to exchange their currency for the desired one. For this, you have to visit offices physically and compare the rates before exchanging your currency. Although you can fulfil this task online, if you want your currency exchange to be in person, you can pick from some of the best currency exchange offices, like Travelex or American Express. Remember to check for transfer fees and other hidden charges before exchanging your currency.

The Verdict:

When it comes to making an online transaction or currency exchange, you can pick any of the methods from the best options discussed above. Go for the one that is reliable, quick, and suits you the most. Online money transfer companies like Speed Remit would be the best choice as they smoothly address all the concerns.

TOP 6 REASONS WHY TO CONSIDER AUSTRALIA FOR STUDIES!

Are you deciding to study abroad? Since the last decade, people have considered Australia one of the best destinations in the world to study. With many top-class universities and beautiful landscapes, a list of benefits of settling in Australia exists. Moreover, Australia has a proven record of a large number of ex-pats studying there with many job opportunities. These Australian expats live their lives studying and earning simultaneously to bear all their expenses easily and send some money back to their loved ones as well. To send money from Australia to your family is challenging if you don’t have the right online money service provider.

Are you still confused? Studying in Australia offers a wide range of opportunities for all who are experiencing or planning to move there. From the best quality of education to better job opportunities, it offers its students a great environment to grow. It would be correct to say that Australia is full of kind-hearted and friendly people who love and care for others, regardless of whether you are a citizen or an expat. In this blog, we will discuss the primary benefits of studying in Australia, so keep reading the blog and unveil the top benefits now.

Quality Education:

If you plan to move abroad to continue your studies, Australia is the right place for you. From undergraduate to postgraduate, many Australian universities offer a variety of courses and programs to enhance your skills. On the list of the top 100 universities in the world, from the University of Melbourne to the University of Sydney, you will find many Australian educational institutes.

Multicultural Environment:

Due to the dense population of expats, primarily students, Australia possesses a multicultural environment. Students from all over the world come to Australia to continue their studies further, creating a diverse environment. This means you can interact with people from different countries and castes and explore their traditions and cultures as well.

International Recognition:

Soon after you have completed your degree, you will be recognized as a highly educated personality worldwide. Your degree will be considered internationally, providing you with a wide gateway to better opportunities. This means it will be easy and quick for you to find a prime job to brighten your future soon after you are done with your studies.

Affordable Living:

In the world of many top-rated countries, Australia proves to be one of the most affordable for students. Australia falls perfectly in every field, from educational fees to transport, accommodation, and food. This means you can earn more and spend less, driving an opportunity to save a significant amount of your hard-earned money for your future and family.

Work Opportunities:

If you are a student and want to earn enough to cover your expenses without facing any future trouble, then continue your higher education in Australia. Australia allows its students to work part-time for a maximum of 40 hours per fortnight. This will lessen your burden of expenses, pampering you with peace of mind to continue your studies smoothly.

Friendly People:

Most international students are concerned about people's behavior in a new country. If you are also concerned about this, then let us inform you that Australians are the kindest and most welcoming creatures on earth. They care and respect the cultural values of others and are helping people ready to make friends. This means a newbie can settle easily and make a bunch of good friends as well.

Conclusion:

From world-class universities to an affordable lifestyle, studying in Australia offers many benefits. So, Australia is the best choice for those who are confused about choosing the right country. Soon after you are settled and earning, you will definitely need an online provider for the transaction of your money. We suggest you to go for Speed Remit to make your transactions smooth and secure.

A COMPLETE GUIDE TO UNDERSTAND WHAT IS A REMITTANCE!

In many aspects of life, the world is becoming more global. Developments such as the emergence of the internet and expansion modes of transport and communication have changed the global landscape in such a way that, for example, one can easily pay for an item or service that is miles away. Communications and access to information in the contemporary world are so advanced that it only takes a matter of seconds to reach any part of the world with a message or an action, and such is also the ability to send money across distances that go beyond international boundaries.

To illustrate, it is no surprise that the trends in international money transfers have shifted coherently in positive magnitude in the recent past. There are several other reasons for this, economic migration being one of them. An increasing proportion of the population is residing and working overseas, some of which is a greater percentage sending money back to their countries. The transfer- pursuing this function is called Remittance. In this paper, we would like to focus on the definition of remittances, its significance in the economy and how remittances are sent.

Defining the word “remittance”:

Money that is transferred from one party to another, most often though not exclusively to another country, is called a remittance. Remittance is derived from the word remit which means to send money to someone. Most definitions of remit define it as the sending of money as payment for a debt, bill, or draft, so in common parlance, a remittance may be understood as any payment against an invoice raised.

To refine this description, remittance is nowadays often understood as the money a migrant worker sends to their family back home. Thus, the migrant worker is referred to as the remittance sender, while a family member in their native country is regarded as the remittance recipient. Such money transfers may also be called as workers’ remittances or migrant remittances.

What remittance includes:

Instilling a discipline of returning home by sending money to relatives whilst working abroad through internal migrations, for instance, by transferring money to settle rents and other cost commitments.

The use of postal mail to send cheques for outstanding bills and invoices in one’s home country.

Sending an emergency amount on a prepaid extraction card of one’s relation for use in a different country.

Settling bills in the residents’ country for the work or supply of provisions done in other countries.

What is the purpose of remittances?

Most workers cross borders in search of better economic opportunities. Such economic migrants, who are mostly the breadwinners in their families, send home a proportion of their wages either in cash or in kind. These remittances are very significant in the economies of smaller and less developed nations. The International Monetary Fund (IMF) states: “For a number of countries, the transfer of money by its citizens employed abroad is literally a development shaft.” Remittance inflow represents, in fact, one of the highest income generation avenues for citizens of low-income and developing countries.

In many nations where an ocean or any distance separates families and whose members work abroad, remittance-receiving members often have to work hard. That’s why every year on June 16, there’s an International Day of Family Remittances to appreciate and recognize the hard work of these people. The United Nations also states that there are 200 million migrant workers who starve only to feed 800 million family members in the global household-sending remittance economy. The remittances they send during their work abroad are useful for some reasons:

In most countries, the amount of money remitted by individuals almost always exceeds the amount of direct investment and international development aid.

Furthermore, remittances tend to be more broadly spread within developing economies than channeled capital inflows are.

However, contrary to private capital inflows, which usually reduce, remittances are resilient, increasing during economic recessions or post-natural calamity scenarios.

How do I send a remittance?

Should the need arise to make a payment remittance? There are various means to send it, such as:

• Wire transfer/bank transfer
• Cash Pickup
• Mobile Money
• Home Delivery

The payment that you will make varies with the provider and also the service which you choose.

Conclusion:

The money you send to your loved ones from abroad is called remittance. There may be various reasons why you are sending your money, but how you are sending it is crucial. Many traditional service providers claim to be hustlers, but now people are moving towards speedier online providers like Speed Remit since they provide cheap, fast, and secure transactions of your valued money.

6 MUST-TO-KNOW REASONS WHY PEOPLE SEND MONEY HOME:

Sending money to your home doesn’t mean only fulfilling the basic needs of your loved ones. In fact, there are many more reasons why people send money home besides their basic needs. These remittances have the ability to transform families and uplift the country’s economy. Your unwavering commitment:

• Modifies the living conditions.
  
  
• Improves the country’s economy.
  
  
• Bring education to the family.
  
  
• Brightens the future of the younger ones.
   
• Fulfils the medical expenses.
  
  
• Contributes to Special Occasions

·        Increases Savings and investments

Your transacted money shows how much you love your family and support your country.

Nowadays, to transact money people go for mainly online remittance service providers. When searching, you will go through many online providers but be alert when selecting the best one. Speed Remit is one of the best online remittance providers where you can transact your valuable money securely, swiftly and affordably. Keep reading the blog to unwrap and discover the best reasons for sending remittances back home.

Modifies the Living Condition:

Every person working abroad wishes to work hard just to improve the living conditions of their family. Your financial transactions are important for your family in many ways but the main reason is the basic needs like food, utilities, and clothing. Once the basic needs of the family are fulfilled, the living conditions also change gradually. 

Improves the Country’s Economy:

Although you are sending the remittance to your family to support them but indirectly it is also supporting the country. Whenever you transact money in your home country, the stability of the country’s economy improves. This impact not only upgrades your family's living conditions but also the country's infrastructure. Therefore, keep sending money to your loved ones and become a part of bringing economic change to the country.

Bring Education to the Family:

Your money not only fulfils your family's basic needs but also educates the younger ones. The more you support your family, the more educated the younger ones will be. Many remittance senders pay school fees, uniforms and books charges to support their family. Moreover, investing in education means you are contributing to the number of skilled workers and entrepreneurs.

Fulfills the Medical Expenses:

Medical expenses are also one of the essential needs of the family. In fact, it would not be wrong to say that medical expense is one of the basic needs that must be fulfilled before time. This not only plays an important role in improving the health of your loved ones but also upgrades the growth of the overall medical infrastructure of the country.

Contributes to Special Occasions:

Many special occasions like weddings, funerals, and cultural celebrations hold enormous significance. Whether it’s Christmas, Ramadan, Mother’s Day, or Lunar New Year, remittances are a way to express your love to your loved ones. In this way, they can happily partake in these important events of life and create unforgettable memories.

Increases Savings and Investments:

Mostly, remittance senders send money more than the needs and wants of their loved ones. These extra amounts of money are to save or invest for future requirements. The more you send money to your family, the more your money will be invested for the brighter future. Your remittances may start a business, invest in education, or establish financial security for your family.

Final Words:

Sending money home doesn’t mean fulfilling basic needs only; in fact, there are many other reasons, too. The financial transaction you make not only supports your family but also the country’s economy. Keep sending your remittance via Speed Remit to assure quality service with swift, secure and hassle-free transactions.