iPhone basics: sending money to another country

Sending money internationally from your iPhone is straightforward with specialized money transfer apps like Sendwave that are designed specifically for cross-border transactions. While Apple Pay itself doesn't support direct international person-to-person transfers, numerous dedicated apps make the process simple and secure. These specialized services handle the complexities of exchange rates, comply with international regulations, and verify your identity to ensure your money reaches its destination safely.

How to send money abroad

You have several options for sending money internationally using your iPhone. Bank-based transfer apps offer security but often come with higher fees and slower processing times. Dedicated money transfer apps like Sendwave provide faster transfers with competitive rates specifically designed for international remittances. Digital wallets offer convenience but may have limited country coverage compared to specialized services; a problem Sendwave aims to fix with their securely encrypted digital wallet backed by Stablecoin Always verify that any service you choose is properly licensed and regulated for international money transfers.

Steps for a Successful Transfer

1. Get your recipient’s details

Collect your recipient's full legal name exactly as it appears on their ID and their complete banking information, which may include IBAN, SWIFT code, or local bank details depending on the destination country. Double-check all information against official documentation to prevent delays or failed transfers, as even small errors can cause significant problems with international transfers.

2. Pick a reliable platform

Choose a reliable platform like Sendwave, especially for transfers to Africa and select Asian countries. Sendwave offers competitive rates, fast transfer speeds, and positive user reviews, making it an ideal choice for your international money transfer needs.

3. Enter transfer amount and currency

Specify how much you want to send and select both your country’s currency and the recipient's country currency in the app. Be aware that the final amount your recipient gets will depend on the exchange rate offered by the service, which may include a markup over the mid-market rate. Always review the total cost, including any fees and the exchange rate, before confirming your transfer.

4. Secure the transfer

Protect your transaction by enabling all security features available on your iPhone, such as Face ID, Touch ID, or two-factor authentication when using money transfer apps. Save the confirmation receipt or transaction reference number until you've confirmed your recipient has received the funds, as this information is essential if you need to track or inquire about your transfer.

Potential fees and safety tips

International money transfers typically involve several potential costs: transfer fees charged by the service, exchange rate markups that affect how much your recipient gets, and sometimes receiving fees charged by the recipient's bank. Fees vary significantly based on destination country, transfer amount, and payment method. To stay safe, only download money transfer apps directly from the App Store, never share verification codes with anyone, and be wary of deals that seem too good to be true.

Next steps for staying connected

Many money transfer apps allow you to schedule recurring transfers or set up notifications for favorable exchange rates to make supporting your loved ones more convenient. Sendwave makes this process particularly seamless for diaspora communities, with features designed specifically for people who regularly send money home. Download the Sendwave app today to experience fast, secure international transfers with competitive rates and the support of a service that truly understands cross-border communities.