Why MoneyGrams Are a Lifesaver for Your Relatives Abroad
People with roots all over the world live in the US to pursue their own American dream, whether they were born here or came here to work or study. We’re also home to more immigrants than any other country in the world. Yet not everyone is in a position to travel to other countries and check in on their aunts, uncles, parents and grandparents.
This is one reason helping support loved ones who live somewhere else monetarily is so important to so many folks here. Having a simple and accessible form of sending cash can be extremely important to many communities, for a variety of reasons. Even when times are tight, many people still prioritize giving monetary support to their friends and loved ones abroad through electronic money transfers.
These services are:
- Easy to use
- Accessible to anyone
- Widely available
- Highly secure
Convenient Money-Sending Service in Illinois
Many families prioritize sending money to family members in other countries who rely on their financial support. Their country of origin may be experiencing economic volatility or other forms of hardship. Money-transfer services like MoneyGram in Illinois and beyond are your go-to solution when you need to either collect cash or send it to your far away loved one. This service is widely available at currency exchanges throughout the Midwest. It lets you make payments and cross-border cash transfers in a hurry, and you don’t need a bank account to get it done.
Why Are Cross-Border Money Transfers Necessary?
The ability to send funds back and forth freely helps many families stay connected to one another. The US is one of the largest source countries for remittances in the world. This could be because so many families here have relatives somewhere else who they stay in touch with and help out financially from time to time. Even the recent economic downturn felt around the globe hasn’t stopped the trend.
There are many reasons someone might want to send cash abroad asap. Perhaps a sick parent needs surgery or an aunt lost her job. Or maybe you just want to say thank you to someone who helped raise you and is no longer close by. But circumstances can limit your options, whether you haven’t been able to open a bank account or you’re living paycheck to paycheck and your payments aren’t always reliable.
How Does Sending Money to Another Country Work?
You might be surprised at how easy it is to get your cash in someone else’s pocket thousands of miles away. Just remember that there is a fee for the service. An app with a fee estimator is available to give you an idea of what the full cost will be as there is a service charge included. Money transfers are generally available to anyone with an ID, which helps explain their popularity. When you send it through a neighborhood Currency Exchange, here’s how it works:
- Bring cash, identification and some basic information on the person you’re sending it to.
- The currency exchange will make sure your money arrives on the other end.
- You leave knowing your money can be picked up within ten minutes!
One of the biggest benefits of MoneyGram is that it lets both you and the recipient know what day the funds should be ready to be picked up on their end. There are other money-sending options, too. Western union is another well-known and similarly secure way of making sure they get the money within a day or even hours.
Your Nearby CCEA Can Transfer Your Funds & Handle Other Financial Needs
You still need a service to help you out, which is where Community Currency Exchange (CCEA) comes in. Just stop by the closest CCEA location (there are many throughout Illinois).
- Consider calling first to make sure you have everything you need to make the transaction.
- Bring a valid photo ID, and any other pertinent information related to the service you want performed.
- Or just stop on by so one of our trained assistants can help you out.
Currency Exchanges offer many financial and auto services to help you stay on top of your finances. Check us out online or swing by to see how we help people cash their checks, pay their bills, and take care of other financial tasks.
With over 350 locations, many open nights, weekends, and holidays (and several stores with 24/7 availability), you can rest easy knowing your financial needs can be taken care of when you need them most. We’re in the heart of every community. Don’t believe us? See for yourself.