How To Send an Email Money Transfer

Sending an email money transfer is typically good for people that need to send money conveniently and especially if it is not a large amount. Most financial institutions have limits as to the amount that can be sent.

The first thing you need to know about sending an email money transfer is that the money is not actually sent by email.

The sender will type in the dollar amount, the email address of the recipient and also ask a question to which the receiver needs to answer. This is to ensure that the receiver is actually the person that the sender wants to send the money too.

Once the receiver answers the question, they can click on a link, which allows them to connect to their financial institution and then the money is put in to their account.

The money is generally available right away with no hold and it is a quick process.

You will need to discuss the fees with your bank, typically the sender is charged a fee and the receiver is not but this depends on your bank and your account plan.

Sending an email money transfer is easy and is generally safe. Only send money to people you know and trust. If you need help, you can call your bank’s customer service and ask them how to send an email money transfer and they will be able to help you.

Sending an email money transfer is an alternative to sending a cheque. With the introduction of electronic methods to send money, cheque processing has been declining. Over 930 million cheques have been sent in 2009, this is a lot of cheques, but this number has declined significantly since 2000, in which 1.4 billion cheques were cleared through the system.

Some of the main uses of email money transfers are for the following reasons:

– sending money to someone that needs it

– sending money to friends in family

– to pay money back to someone that money is owed to

– giving the gift of money to someone

– special events such as a contractor, wedding, etc.

– payments to service providers

Knightsbridge Foreign Exchange does not send email money transfers nor do they accept them. Their focus is to exchange money and wire transfer money.

If you are based in Canada and need to send a wire transfer to the USA or Canada or Europe, Knightsbridge Foreign Exchange is a Canadian company and can help you do so for free. They exchange currency at better rates than the bank and can give you a free wire transfer if you exchange currency with them. Call 1-877-355-5239 for more information.