If you have your heart set on a destination wedding, then chances are you are just now realizing that this type of wedding can be especially difficult to plan for. There are all kinds of logistics to keep in mind, and of course, the elephant in the room is just how you would pay for such a wedding. Of course, that’s one of many questions regarding funding. Of course, you probably realize that with a destination wedding, time is of the essence. How do you get the money in the appropriate hands from somewhere that is often a long distance away?
Money Transfer Apps
One of the best ways to get your money sent over quickly for a destination wedding would be through the many different money transfer apps that are available on the market today. Of course, the first thing you want to do is to fully evaluate the type of wedding that you are having and then after that you can fully determine which cash transfer app will best meet your needs. Here are some options:
OFX
OFX is a relatively new money transfer app, but it has established a solid reputation for sending the big bucks for a long distance. If you are having an overseas wedding, this app is a perfect candidate for the job. First of all, it has a live exchange currency converter that will help you determine when you can lock in the best exchange rates. This app has no limit to the amount of transfers you are allowed to make. The only drawback is that the transfer is usually set at a minimum of $1,000. Their fee will be about 2% for the currency exchange portion of the task.
PayPal
Yes, you can use PayPal to send money overseas. Of course, most individuals are pretty familiar with this cash transfer app simply because it has been around for a long time. The beauty of PayPal is that it has a tremendously large network of companies that you can send money to. Moreover, sending money with PayPal is secure. However, this security does come with a price. PayPal will charge a 2.9% fee on all transfers, plus they will tack on a $2.99 charge for sending to Europe or Canada; sending to other countries will incur a $4.99 charge.
TransferWise
TransferWise is very similar to OFX as it is very popular with those who want to send money to family and friends.Thus, this would also be a great option for those who want to send money for a destination wedding. Additionally, the transaction fees for this service are much smaller than a regular banking app, checking in at just 0.7%. Another advantage they have over OFX is that there is no minimum transfer amount available.
Western Union
If you don’t want to go with a banking app, then you can definitely go with an old stand-by in order to pay for a destination wedding. Even today, Western Union remains one of the most well-respected ways to transfer money to most overseas locations. The beauty of Western Union is that it can be a great way to pay for many of your wedding vendors and to help out those that are in the wedding at the same time, simply because of the wide name recognition that Western Union possesses.
Yes, paying for a destination wedding can be a bit daunting, but with some of these overseas payment options it will be that much simpler!
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