Tuesday, January 20, 2009

Sending Money to Guatemala

By Chloe Banks

There are many different ways to send money to Guatemala. The amount of time it takes, along with cost and level of security vary for each service.

Sometimes the amount of time it takes to send the money is the most important factor. In this instance it is important to know what options you have when sending money to Guatemala. The most pressing thing to remember is to prepare now to have everything in place for a transfer.

Often sending money online is easiest and quickest way to get money to Guatemala. Services such as ATM Cash allow you to send money 24/7 from your computer.

Another quick way to ensure getting money to Guatemala is making sure the recipient has a debit or ATM card, possibly linked to your checking or savings account.

As long as you are comfortable with the cardholder having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine. For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money.

The recipient will not have access to money until you have refilled the pre-paid debit card. A phone call to notify the recipient that money has been added is all you would need to gain access to funds.

Opening an account with a bank that has branches in both Guatemala and the U.S. will also help facilitate easier transfers.

The above steps are some ways that will help ensure that money arrives quickly when you need it.

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