Everything you need to know when sending money abroad
When it comes to exchanging money, paying for your transfer, understanding exchange rates and more, it’s important to understand what all the details mean.
We’ve got you covered, with our complete Monito glossary and guide to the main terms you’ll come across when sending or receiving money internationally.
Our Money Transfer Glossary
A
ACH — Automated Clearing House
B
C
CHAPS / Clearing House Automated Payments System
D
Direct Entry / Bulk Electronic Clearing System (BECS) (Australia)
E
Exchange Rate Alerts / Notifications
F
H
I
International Card Transaction Fee
L
M
Multifactor Authentication (MFA)
P
R
S
Sending Airtime Internationally
SEPA Payments — Single Euro Payments Area
SWIFT (Society for Worldwide Interbank Financial Telecommunication)
T
W
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How to use Monito to make the most of your international money transfers
Monito is a comparison website for international money transfer services.
We compare more than 300 providers so that you can find the cheapest option for each of your transfers.