It can be daunting to send a lot of money abroad. So when you make a larger transfer, we make things as easy as possible.
Here are some tips to help you get started.
Understand your banking limits, or pay in-branch
Your bank might limit the amount of money you can send per day, or per transfer. Those limits might differ if you’re sending online, over the phone, or in-branch.
If you’re sending online or over the phone, your bank might limit the amount you can send in one go. That means you’ll need to send several smaller transfers over the course of a few days instead — and you’ll miss out on a guaranteed rate.
Your bank might let you send a bigger amount if you go in-person, to your branch. So it’s often quicker, and simpler, to set up larger transfers in-branch.
- Tip: Contact your bank to find out your limits for sending money.
Verify your identity beforehand to avoid delays
When you send money with Denarii Cash, we’ll ask to verify your identity. We do this by checking your photo ID and address. It usually takes about 2 working days.
If you set up your transfer before getting verified, we’ll do these checks before we send your money. So to avoid delays, get verified beforehand. Verification requirements vary by region.
After you pay for your transfer, we might need to see more documents. That’s because when you send a large amount, we need verify where the money came from. It could be a scan/screenshot of your bank statement, a property sale agreement, or a pay slip.
- Tip: Get verified before making your first big transfer.