How to Transfer Money during the Coronavirus Crisis 2021

Coronavirus has been shaping our consciousness and everyday life since its outbreak in early 2020. Thankfully, things in 2021 are not as complicated as 2020, in terms of initiating a severe lockdown. Additionally, the rise of some vaccines has instilled hope in us. 

However, people are still impacted by the pandemic and become more aware of safety precautions such as, social distancing, wearing masks, avoiding crowded places, etc. This has reflected on the remittances industry, as well.

Although many people used to use in-branch bank transfers, they are now searching for alternatives to avoid crowded places and the long waiting periods. So, if you are one of these people, we will show you how to transfer money using easy and fast methods other than going to the bank.

Money Transfer Apps

It is an electronic way to send money online anywhere you want. These apps work independently from your bank and are faster in transferring your money. All you have to do is to choose the money transfer app you want, fill in the required information, add your credit card details, and enjoy the service.

This option is most used between businesses and workers to send/receive payments and salaries. It has become even more effective especially that several companies are now operating remotely or freelancing employees abroad.

Although money transfer platforms are easy to use, there are some drawbacks to consider. For example, to use these apps, the other party should have them as well to complete the transaction. Further, you need to be aware of the common scams and fraudulent activities to save your money from being stolen.

Send Money Using ATMs

If you are looking for ways to send funds from one bank account to another, you can simply use the nearest ATM machine. This method is effective to reduce work pressure on banking employees as well as ensuring error-free deposits. But if you prefer human interaction, you might find difficulty using this method. Also, some ATMs allow limited amounts or numbers of transactions per day.

To complete a money transfer transaction, simply follow the below steps:

• Insert your credit/debit card in the ATM machine

• Enter the pin code

• Select “money transfer” option

• Choose the recipient’s bank

• Insert the recipient’s bank account number

• Enter the amount to be transferred 

• Submit

Banks’ Mobile Apps

Most banks offer mobile apps now that you can use to deposit funds into the recipient’s account. To start this method, you need to install your bank’s application on your mobile phone. After the installation, you need to follow the instructions to create an account. Some mobile apps are only allowed on smartphones which might be inconvenient for some users.

You will need some information to complete the transaction, such as the date of the transfer, name of the recipient/entity, the account number, IBAN code, and SWIFT code.

Moreover, you can use your mobile banking app to access other valuable data including:

• Current balance 

• Credit history

• Transfers

• Requests (dispute credit card transactions, inquiries, complaints, lost/stolen credit cards, etc.)

• Account number

Money Transfer Providers

Money transfer houses are widely used to send money locally and globally because of their convenience, quick transactions, low fees, and multi-services. Additionally, they provide faster customer support than banks which usually follow long and complicated procedures.

Henec, if you prefer personalized human interaction, this method is for you. 

Money transfer houses are equipped with a highly trained staff that can complete your requests within minutes. They also follow strict safety precautions inside the branches to protect their visitors and employees, including maintaining social distancing, wearing masks, regularly cleaning the facilities with sterilization products, etc. 

If you are looking for a reliable money transfer provider in Jordan, Abu Sheikha Exchange offers top-notch services in 17 branches across Jordan. Check the full services here

Providers with Cash Pickups

Sending funds using companies such as Western Union can be a lifesaver. Many people trust this company due to its long history of exceptional money transfer services. Also, it is preferred because users don’t have to have credit cards. Instead, they visit the branch and hand their identification card and amount of money to the employee. The employee checks some information and sends the deposit where the recipient can pick it up from one of Western Union branches.

What’s really good about Western Union is that they don’t only follow strict safety measures to protect their people from the pandemic, but also they have numerous branches to prevent crowdedness and ensure faster services. 

Abu Sheikha Exchange offers Western Union money transfer services all week long, including weekends and holidays until midnight. Check the branches here