A Manual for the Bank of America Cashout Process
Maintaining relationships with those you love can occasionally require sending money. If you are using a Bank of America account, you have multiple ways to transfer money to Users.
Here are some additional tips for sending money to Africa using Bank of America: Compare rates and fees: Before you send money, compare the rates and fees of all your options. You can use Bank of America's online tool to compare rates for Global Transfer and International Money Transfer. Ask your recipient: Check with your recipient to see what method they prefer and what information they need to receive the money. Be aware of scams: Unfortunately, scams targeting money transfers are common. Never send money to someone you do not know and trust, and be wary of requests to send money to unfamiliar bank accounts or addresses.
Maintaining relationships with those you love can occasionally require sending money. If you are using a Bank of America account, you have multiple ways to transfer money to Users.
Understanding Your Options
Prior to selecting a method, take into account the following: Cost: Evaluate fees and conversion rates to determine the most economical option; Speed: Determine the urgency with which your recipient requires the money; Convenience: Select a method that is simple and convenient for both you and your receiver.Bank of America's Money Transfer Services
A number of money transfer services are available from Bank of America to Africa. These include: Global Transfer, an online service that lets you send money to bank accounts in over 50 countries, including many African countries; fees start at $25, and transfers usually arrive in 1-3 business days; International Money Transfer, which lets you send money to cash pickup locations in over 200 countries, including many African countries; fees start at $45, and transfers usually arrive in minutes; and Online Bill Pay, which lets you send money directly to your recipient if they have an online bill in Africa that you can pay. The fees for this service vary depending on the biller.Third-Party Money Transfer Services
Apart from Bank of America, there are other third-party money transfer companies that focus on sending money to Africa. They frequently have reasonable rates and fees, and some even have faster transfer speeds. Before using any of these companies, make sure you do your homework.Tips for Sending Money to Africa
Here are some additional tips for sending money to Africa using Bank of America: Compare rates and fees: Before you send money, compare the rates and fees of all your options. You can use Bank of America's online tool to compare rates for Global Transfer and International Money Transfer. Ask your recipient: Check with your recipient to see what method they prefer and what information they need to receive the money. Be aware of scams: Unfortunately, scams targeting money transfers are common. Never send money to someone you do not know and trust, and be wary of requests to send money to unfamiliar bank accounts or addresses.