What is the Safest Way to Transfer Money?
Choosing a reputed and regulated money transfer service provider is the safest way to transfer money internationally. The leading UAE banks follow stringent AML/KYC guidelines for verification purposes. They also use advanced technology and encryption protocols to secure fund transfers.
In wire transfers, money moves from one bank account to another without the involvement of third parties to handle your information, which increases security. Some online money transfer providers that operate through web-based platforms or mobile apps are also reliable.
When trying to identify the safest way to transfer money internationally, look for these factors:
1. Regulatory compliance.
2. Security protocols deployed, like SSL encryption, two-factor authorisation, and Norton secured monitoring.
3. AML/KYC protocols.
4. Customer reviews.