Moving large amounts of money abroad might be challenging if you are making a big purchase. Whether buying a new house abroad or need to put money into your business abroad. Usually, there are long processes and waiting times associated with transferring large amounts of money. Also don’t forget about the additional fees that may come up. This article will highlight useful tips that might help you in the process.
Generally, banks limit the amount of money that can be transferred daily. And often these types of transfers require physical visits to your branch. However, with new advanced technologies, it is now possible to move large amounts of money online without hustle. Reliable payment providers such as Jeton, allow you to transfer large sums of money quickly and safely.
You can use your Jeton app to transfer large amounts of money from a single account in a secure way at a low cost and with excellent exchange rates. Jeton operates in more than 25 countries all over the world and it is not a coincidence that over 1 million users rely on us for their financial goals.
What are the main points that you need to take into account before transferring large amounts of money?
It is important to know the daily limits of your account before you initiate the process. We recommend you contact your bank or payment provider to see what your available daily limit and your cost will be.
Check the exchange rates beforehand so you know how much money exactly will be transferred. Otherwise, you may not have sent the required amount of money due to
If you are going to use a joint account for your large transfer, then prepare the necessary documents before the transaction, as this information might be necessary for the verification process. It will also help to accelerate your transfer.
How to transfer large amounts of money with Jeton?
Jeton offers many benefits to those who want to transfer big sums of money abroad. If you don’t have a Jeton account yet we have good news because Jeton is very easy to sign up. Once you set up your account and verify your ID, you are ready to start transferring money.
For large amounts of money transfers, you will be asked to provide certain documents for different transactions. First of all please remember that all documents are required to include your full name, the total amount (which should cover the amount you’re sending), and the date you received the money. For international transfers, it is crucial to prove the origin of your money (where your money came from) so it is a good idea to prepare those documents beforehand.
This process might change depending on your purchase or the purpose of the transfer. You can always contact client services to verify what exact documents you have to provide. Keep in mind that these documents can be different if you are using a business account. Here we have listed general information about what documents you might need to provide as proof of where your money comes from.
Property sale
If your money comes through a property sale then you need to provide documents such as
- final property sales contract signed by both parties
- An official letter from a solicitor, auditor, or regulated accountant
- bank statements showing you received the money and the relevant dates
- Extracts and relevant documents from the property register
Salary
If the source of your money is your salary you might be asked to provide documents such as
- most recent payslips (generally last 3 months)
- the salary section of your work contract
- An official letter from your employer saying how much you earn
- last 3 months of bank statements where you receive your salary
- your latest tax retur
Investments
If the source of your money is investments here are some document examples for you
- investment certificates, contract notes, or statements
- confirmation from your investment company, bank, or dividend payer
- bank statements showing you received the money
Jeton guarantees the most competitive exchange rates in the market. You can view our exchange rates in the Jeton app if you are looking for a comparison. We offer various discounts on international transfers so you can save money while transferring large amounts of money internationally.
Jeton protects your transactions with two-factor authentication. This will ensure that your account is safe and secure with us. Jeton has an excellent app where with just a single click you can manage all your transfers safely. The User-friendly Jeton app allows you to navigate this journey seamlessly.
Our client service is available 7/24 and provides a streamlined solution for international money transfers to make your life easier. You can contact them directly via the Live Chat section within the app or through e-mail. Please visit our website for more detailed information about our services and products.
