In today’s world of technology, sending money to Ghana from the UK by cash, cheque, bank draft and money order may seem like you are back in the Stone Age.
Due to advancements in technology and the creation of faster electronic methods for transferring money, these methods have become very uncommon and unpopular.
They are still available and can be of great help especially if you wish to send money to Ghana utilizing an inexpensive method. Here are some of the ways you can send money to Ghana from the UK:
1. Your Bank
Your bank can help you with many kinds of funds transfer. If you wish to transfer money from your account to another account within the same financial institution, you can do so easily through your bank free.
If you want to send money to an account at a different financial institution, all you will need is the account number to which you would like to send the money and the bank’s routing number.
You can also take advantage of other transfer services such as wire transfers to get your work done.
Sending money to Ghana will require you to know the name and address of the account holder, information about the financial institution, SWIFT and IBAN code of the recipient bank.
2. Personal Cheques
Writing a cheque and depositing it in another account, or handing it over to another individual to take it to Ghana or sending it by mail to your recipient in Ghana is a very affordable method of transferring money.
But it's essential to keep in mind that things may be a little tricky because sending a Cheque to Ghana from the UK usually results in delays in cashing the Cheque so that the bank can verify the deposit.
The recipient might also have to pay a specific fee to cash the Cheque and cover the exchange rate to get the funds exchanged into the currency of Ghana.
3. Bank Drafts, Money Orders, and Cashier's Cheques
Bank drafts, money orders, and cashier's Cheques are a great way to send money to Ghana. You can easily purchase bank drafts and money orders in Ghana’s currency.
You can purchase cheap money orders from many post office branches.
Money orders are ideal for small amounts of money transfer, whereas bank drafts are used for greater amounts. This is why a bank draft costs much more than a money order.
There is no doubt that these methods take more time, but they are very economical and a cheaper alternative to services like wire transfers.
4. Online through Ria money transfer app/website
You can easily send money to Ghana through Ria Money Transfer from their app or website. It is super easy and economical.
Also, you don’t have to worry about your money not reaching the receipt because RIA is a very reliable money transferring service that knows how to get its job done.
5. Email Money Transfers
Many banks offer an email money transfer service. This method of money transferring works like an electronic cheque.
The transaction is begun with an email and the recipient in Ghana is notified about the funds via email. Its simple and easy and you do not need the recipient's bank account number.
However, sometimes a security question is required to verify the recipient before they can receive the funds.
This method is economical, reliable and fast, generally taking only a few days to arrive at the recipient’s end.
Conclusion
Searching and looking into different options and methods of sending money to Ghana will help you find the ideal method that best suits you. Look at all the options and do your homework before making a final decision.
About the Author
Sharon Kalipai is a contributing writer at Sparkwebs LLC, a Digital and Content Marketing Agency in Denver, CO. When she’s not writing, she loves to travel, dance and read books.