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Wednesday, January 28, 2009

Quickest Ways to Send Money to El Salvador

By Chloe Banks

There are many different ways to send money to El Salvador. The amount of time it takes, along with cost and level of security vary for each service.

Sometimes the amount of time it takes to send the money is the most important factor. In this instance it is important to know what options you have when sending money to El Salvador. The most pressing thing to remember is to prepare now to have everything in place for a transfer.

Often sending money online is easiest and quickest way to get money to El Salvador. Services such as ATM Cash allow you to send money 24/7 from your computer.

Another way to ensure a quick transfer of money to El Salvador is ensuring the recipient has an ATM or debit card. If the recipient is someone trusted, it's often useful for them to have a bank card linked to your checking or savings account.

If you are comfortable with the cardholder having access to your account at all time, they can have a card and PIN number to access cash through an ATM machine. If you do not want the recipient to have access to money at all times, a pre-paid debit card is a good solution. It works just like an ATM card except that it is loaded with a specific amount of money.

Once that money has been withdrawn, the cardholder has no access to funds unless the person sending money refills the pre-paid card. The PIN number is given to the cardholder by the person sending money, so a phone call to notify the recipient that money has been added to the card is all it would require to gain access to the funds.

Another way to quickly send money to El Salvador is opening an account with a bank that has branches in both the U.S. and El Salvador. This would help facilitate easier transfers since you wouldn't have to deal with inter-bank transfers.

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

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