Avoid getting scammed when sending money offshore with these 4 easy steps

When you prepare to transfer money overseas – whether you’re looking to purchase equipment, pay for a service, diversify your investments, fund tuition, pay for your international accommodation or any other reason – the four steps below are critical to avoid being unduly parted with your money.

Being in business for over ten years, at Currency Assist we have seen and heard of multiple scams related to sending money abroad. Share these tips to make sure that as many people as possible know how to avoid being a victim of fraud.

Rule 1:
Do not send money to an individual that you have never met in person.

Rule 2:
Should you need to send money to an individual you have never met, be cautious and rather send smaller amounts, not one large amount at once.

Rule 3:
Scammers often provide you with a deadline to put pressure on you to transfer funds fast. This prevents you from doing research and ensuring that you are transacting with a legitimate business or individual receiving the funds. Therefore, consider paying late. If they contact you again to provide you with an extended deadline, you are most likely interacting with scammers.

Rule 4:
It is always wise to ensure that you are using a secure and reputable money transfer provider.
Research the money transfer business that you are dealing with. Visit their website, search for their social media presence, phone, or connect with individuals who have used their service by researching the testimonials they publish online. You can also research their team through their LinkedIn profiles.

Final thoughts
Make sure you follow these steps to avoid getting scammed when it comes to global money transfers. Always think carefully about anything that sounds too good to be true.

For more information on international money, transfers visit our website at https://www.currencyassist.com

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