Wednesday, January 28, 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.

In case of an emergency, a person sending money to Guatemala may need to make the money available as quick as possible. It is important to know what options might work best when time is the most important factor in making a money transfer. The most important thing to remember is not to panic, but to prepare now to have everything in place to initiate a transfer when necessary.

Many times it is easiest and quickest to send money online. Services such as ATM Cash allow you to do this 24/7 from your computer.

Another way to ensure the money gets there quickly is to make sure the recipient has an ATM or debit card. If you know the recipient will only withdraw the intended amount, it's often useful for them to have a bank card linked to your checking 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 cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.

Another way to help facilitate easier transfers is by opening an account with a bank that is in both the U.S. and Guatemala.

The above steps are some ways that will help ensure that money arrives quickly when you need it. - 16492

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