SendMoney24 is a British money transfer service that you can use to send money to more than 20 African countries. If you send money from the UK, your first transfer is completely free. This article will review the money transfer service in detail.
How SendMoney24 Works
To transfer money with SendMoney24, you first need to sign up and select a country and indicate the amount you want to send or the amount you want your recipient to receive and choose a currency. You then need to enter the full name of the recipient as it is on their ID, address, and other information such as cash pick-up location or bank account number. Finally, review your transfer details and make a payment. You can track your transfer status and view details of your money transfer in the Transfers section of your account.
What Documents Does SendMoney24 Require?
For first transaction up to the amount of 500 GBP (or the equivalent in other currencies), you will be required to provide your passport, ID or UK Driving License. Multiple transactions or over 500 GBP (or the equivalent in other currencies) first transactio, you will be required to provide your passport, ID or UK Driving License, proof of address (bank statement or utility bill, less than 3 months old. Mobile phone bills are not accepted).
If the amount of money being transferred is more than 10000 GBP (or the equivalent in other currencies), you will be required to provide your passport, ID or UK Driving License, proof of Address (bank statement or utility bill, less than 3 months old) and proof of income for the amount of money being transferred (bank statements, bank slips).
How to Pay for SendMoney24 Transfers
To complete your transfer, you will need to pay for the money you are sending and the required fees. You can pay for your SendMoney24 transfers by telephone, online bank transfer, debit/credit card or by other local alternative payment methods available in your country.
How Will My Recipient Receive Funds?
With SendMoney24 you can send an international money transfer to a local bank account, bank card or cash pick up. Depending on the country you are sending the money to, your beneficiary can pick up cash from a local bank or local payment provider.
How Much Can I Send With SendMoney24?
There is no limit on the amount of money you can send with SendMoney24. However, there is a maximum send amount limit of 1500 GBP, 2000 EUR or 2000 USD per transfer. If you plan to send money regularly, SendMoney24 will need to verify your identity with the documents listed above.
What Are SendMoney24 Fees?
SendMoney24 fees vary depending on the country you are sending to and the payment method of your choice. For instance, if you send 500 EUR from Switzerland to South Africa, your fee will be 25.00 EUR. The fees and guaranteed exchange rates will be clearly displayed before you finish your transaction. First transfer for UK customers is free.
What is SendMoney24 Transfer Speed?
There are many factors that determine how long it will take for your money to reach its destination. Some of the factors include the method of payment, recipient’s country, the day the transfer was made, etc. The fastest transfer with SendMoney24 can take 15 minutes.
Which Countries Can I Send Money With SendMoney24?
Supported countries in Africa where you can send money with SendMoney24 are Benin, Cameroon, Democratic Republic of the Congo, Egypt, Kenya, Madagascar, Malawi, Mauritius, Morocco, Mozambique, Namibia, Congo-Brazzaville, Gabon, Gambia, Ghana, Ivory Coast, Lesotho, Senegal, Seychelles, South Africa, Tanzania, Togo, Uganda, Western Sahara, and Zambia
Is SendMoney24 Safe?
Yes, SendMoney24 is safe and secure. The company is registered and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under the Payment Services Regulations 2009 for the provision of payment services. It is also a registered MSB (Money Service Business) with HM Revenue & Customs .
When it comes to technology, SendMoney24 uses 128/256-bit data security encryption certified by Comodo to protect your data. Its security policies are regularly audited. Additionaly, it guarantees that your money will be received by your recipient, or you will be refunded in full.