Sending Transfers from the U.S.: Best Practices and Tips - Inter

Sending transfers from the United States is an essential need for many Spanish speakers who wish to financially support their loved ones in their home countries. With the growth of financial technology, users are seeking money transfer methods that combine speed, affordable costs, and high security.

In this context, Inter stands out as a reliable and innovative solution for sending transfers. Its super app allows for efficient international transfers, facilitating a secure and transparent process that meets the needs of users in the U.S.

Throughout this article, we will explore the best practices and tips for sending transfers from the U.S.

Why Send Transfers from the United States?

For many families in Latin America and other regions, transfers sent from the United States are a vital source of support. Many Spanish speakers in the U.S. send money to their home countries to cover essential expenses such as food, housing, education, and healthcare.

This financial help is crucial, and choosing the right method to send transfers is key to ensuring that the money arrives quickly, safely, and at the lowest possible cost.

However, users face common challenges such as high fees, long processing times, and concerns about the security of their transactions.

Therefore, it is important to opt for services that provide reliable and economical solutions, such as Inter, which, with its focus on innovation and its super app, facilitates a safe and efficient process for sending transfers.

What Are the Most Common Options for Sending Transfers?

There are several options for sending transfers from the United States, each with advantages and disadvantages. Traditional banks are often a reliable alternative, although they typically charge higher fees and have longer processing times. Transfer services, such as Western Union or MoneyGram, offer fast and accessible transfers worldwide, but can have variable costs depending on the country and the delivery method.

However, fintech companies are gaining ground due to their innovation and efficiency, offering cost-effective and rapid sending options through mobile apps.

This is where Inter stands out, as its super app allows users to send transfers easily and securely, leveraging a modern digital platform that optimizes both speed and costs for each transaction. Download it here.

Costs and Sending Fees

When sending transfers, it is essential to understand the associated costs, as they can vary significantly based on the service used. Factors affecting these costs include transfer fees, which some providers charge for each send, the exchange rate applied to the foreign currency, and any additional commissions that may arise depending on the country or payment method.

These costs can add up, impacting the amount of money the recipient receives. Inter stands out in this area by offering competitive rates that help reduce the overall expenses of each transfer.

Speed and Processing Times

Speed in sending transfers is crucial, especially when the money is needed urgently. Processing times may vary by service: some traditional banks may take several days, while other methods, such as fintech applications, offer faster times.

The Inter super app prioritizes speed, allowing for quick and secure transfers. Thanks to its advanced digital platform, users can make nearly instantaneous sends, ensuring that the funds arrive without long waits. This speed is a significant advantage for those needing an agile and reliable solution.

Security in Transfers: What Should Be Considered?

Security is fundamental when sending transfers, as users seek to protect both their money and personal information. Choosing a reliable and secure service is key to avoiding fraud risks or identity theft.

Inter implements rigorous security measures to protect each transaction. The super app employs advanced encryption that safeguards the user's sensitive data and two-factor authentication, an additional layer of protection that ensures only the authorized user can access their account.

Moreover, Inter monitors each transfer in real time to detect and prevent suspicious activities. With these top-level security practices, users can trust that their transfers will arrive safely and without issues.

Practical Tips for Sending Transfers Safely and Economically

To send transfers efficiently, it is helpful to consider some tips. Comparing fees between different providers can help save on transfer costs. Additionally, it is advisable to check the exchange rate at the time of sending, as it can impact the final amount received.

Choosing the right time to transfer money is also key; certain times or days may offer more favorable rates and fees. Furthermore, verifying the security of the service before making the send is essential to protect your data and your money.

With the Inter super app, you can send transfers securely, quickly, and economically. Download the app and discover how you can optimize your transfers.

Inter: Innovation in Sending Transfers and Digital Transformation

Inter positions itself as a leader in modernizing the financial sector, offering a transfer sending platform that combines digital innovation with an exceptional user experience.

Its super app allows users to make international transfers quickly, securely, and economically, transforming the way users send money from the U.S.

With Inter, you can have peace of mind knowing that your money will arrive at its destination quickly and without hidden fees, highlighting its commitment to user satisfaction and security.

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InterCommunications

Inter (NASDAQ: INTR) is the pioneer financial super app serving over 37.7 million consumers across the Americas. The Inter&Co ecosystem offers a broad array of services, including banking, investments, mortgages, credit, gift cards, and cross-border tools. The super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. The company is expanding rapidly in the United States, as evidenced by its naming rights sponsorship of the Inter&Co Stadium that hosts soccer teams “Orlando City” and “Orlando Pride”. Focused on innovation and captivating member experiences, Inter&Co delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers.

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INTER & CO PAYMENTS, INC., doing business as Inter (“Inter”), is a financial technology company, a registered money services business (MSB) and a licensed money transmitter, not a bank (NMLS ID #907330). Massachusetts Foreign Transmittal Agency (License #FT114374-100). Rhode Island Currency Transmitter (License # 20203960CT). Click here to access our NMLS licenses.

Banking services are provided by Community Federal Savings Bank (“CFSB”), Member FDIC and deposits are held by CFSB and Wells Fargo Bank, Members FDIC. Inter is not a depository institution, deposits held at CFSB and Wells Fargo are not eligible for FDIC insurance.

The Inter US Checking account is provided by Continental Bank, Member FDIC. Inter US Checking accounts are FDIC-insured up to US$250,000. Inter US Checking account funds are eligible for FDIC insurance up to the allowable limit through Continental Bank, Member FDIC, and other program banks. Coverage is subject to aggregation of all of each account holder's funds held on deposit at Continental Bank or at each of its program banks. Funds generated through Inter's payment processing services are generally available in the Inter US Checking account balance immediately after a payment is processed. Fund availability times may vary due to technical issues. Inter is not a bank. Inter US Checking accounts do not provide monthly paper statements and do not issue physical paper checks. Inter US Checking accounts are not interest-bearing accounts.

FDIC deposit insurance coverage only protects against the failure of an FDIC-insured deposit institution. If you have an Inter US Checking account, up to US$250,000 of your balance may be covered by FDIC insurance on a pass through basis through Continental Bank, Member FDIC, subject to aggregation of the account holder's funds held at Continental Bank and if certain conditions have been met.

Please see your account information to know where your account is maintained. Inter US Checking accounts at Continental Bank are only available for US residents, upon informing a Social Security or Individual Taxpayer Identification number.

For more information regarding your Inter Account, view the Inter Account Agreement at https://us.inter.co/compliance?interandco-account-agreement .

For more information regarding your Inter US Checking account, view the Inter US Checking Account Agreement at https://us.inter.co/compliance?inter-us-checking-account-agreement .

For more information regarding FDIC insurance, please visit the FDIC website at https://www.fdic.gov/resources/deposit-insurance .

To provide you with the Inter Account and the Inter US Checking account, we share your information with CFSB and Continental. View the CFSB Privacy Notice here and the Continental Privacy Notice here for details.

Mortgage services are provided by Inter US Finance, LLC (NMLS ID #1161874), an affiliate of Inter & Co Payments, Inc.

Securities brokerage services are provided by Inter&Co Securities LLC, Member FINRA/ SIPC , an affiliate of Inter & Co Payments, Inc. and a wholly-owned subsidiary of Inter&Co US Holding. View important information and disclosures here .

If you have any questions or concerns regarding any transaction, please write to us at 501 Brickell Key Drive, Suite 202, Miami, FL 33131, or by email at help@inter.co or by calling us at 1-888-305-7264 .

THIS NEXT SECTION IS APPLICABLE FOR US RESIDENTS ONLY. IF YOU ARE NOT A RESIDENT OF THE UNITED STATES OF AMERICA, PLEASE DISREGARD THIS SECTION.

The Inter US Mastercard® Credit Card is issued by Continental Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated and may be used wherever Mastercard debit is accepted. The Inter US Mastercard® Credit Card is issued by Continental Bank, Member FDIC, pursuant to a license from Mastercard International Incorporated, and may be used wherever Mastercard is accepted. For more information about the Inter US Mastercard credit and debit cards please see the applicable cardholder agreements here .

THIS NEXT SECTION IS APPLICABLE FOR NON-US RESIDENTS ONLY. IF YOU ARE A RESIDENT OF THE UNITED STATES OF AMERICA, PLEASE DISREGARD THIS SECTION.

The Inter Mastercard® International Debit Card (“Global Card”) is issued by the international branch of Banco Inter S.A. in the Cayman Islands, authorized to operate as a category “B” banking institution by the Cayman Islands Monetary Authority – CIMA (“Cayman Branch”), pursuant to a license from Mastercard International Incorporated, linked to a US dollar checking account in the Cayman Islands maintained by the Cayman Branch (“Cayman Account”). For more information about the Cayman Account and the Global Card offered by the Cayman Branch, see the Cayman Account and Global Card Agreement, available here .

The Inter Mastercard® International Credit Card (“Global Credit Card”) is issued by the Cayman Branch, pursuant to a license from Mastercard International Incorporated. For more information about the Global Credit Card offered by the Cayman Branch, see the Global Credit Card Agreement, available here .

The Cayman Account, Global Card and Global Credit Card are offered by the international branch of Banco Inter S.A. in the Cayman Islands, an affiliate of Inter, and are not features of the Global Account nor are they offered by Inter & Co Payments, Inc. The Cayman Account, Global Card and Global Credit Card are not available for U.S. customers.

The Cayman Branch will gather your information in order to offer you the Cayman Account, the Global Card and the Global Credit Card. Personal data will be subject to the Data Protection Act of the Cayman Islands, as well as the General Data Protection Law. To learn more about how we protect your personal data, see our Privacy Policy, available at https://inter.co/politica-de-privacidade/ .

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