How to Ensure Safety when you Send Money Online?

Sending money across the globe has become a simple and quick procedure. You no longer have to go to your bank to do a money transfer. With the advent of e-commerce and electronic banking in the past decade, purchasing a product or transferring money to a loved one in another country has become very simple. Online money transfer has made overseas business transactions convenient. However, some people are still skeptical to use online money transfer facility, especially due to safety concerns.

There are a few easy checks one can do to ensure safety of online money transfer. The first and foremost thing one needs to check is that the device being used for online transaction is secure. Ensure that the operating system and software or application you are using is up-to-date. If you are using a mobile device ensure that all other applications are up-to-date as well.

You do not want any vulnerable applications on your device. Once you have done this, it is advisable to install anti-virus protection software. If you already have one, make sure it is updated and the device and internet protection is on. It is advised that you do not carry out a money transfer on an unknown device or a device you do not have full control over such as a friend’s computer, a communal work machine or a public computer. By avoiding unknown devices and doing these checks, you are sure that at least the device is secure to send money online.

The other thing to ensure is web security. If you are using a web-based model then you need to ensure that the website you are using is secure. The first thing you need to check here is the website address in the address bar. It should begin with ‘https’ and have a padlock symbol. This ensures that the website through which you are carrying out your money transfer is encrypted.

You may want to take an extra step and read the encryption certificate. A reliable browser mostly ensures that the certificate is right. But there is no harm in taking out some time to read the certificate especially if you are unsure of the website. The next thing to check is shady banners. Mostly these banners contain malicious data that steals information from your browser. Also, ensure to change your password on the website regularly.

These are few online checks you need to carry out to ensure that your money transfer service is reliable. One last this is to make sure that the sending and receiving financial institutions are registered and licensed in the respective countries. For instance, if you want to send money from US to Philippines through an online remittance agency, ensure that the agency is registered in the US and the receiving company is registered in Philippines. It is advisable to use reputed international institutions that have branches in both the sending and receiving country for a safe money transfer.

Summary

Want to send money from US to Philippines? You can choose an online remittance agency to send money online as it is safe and quick.