How to send money to Guam
Learn how to make a money transfer to Guam with the best rate in a few easy steps
1. Check the USD mid-market exchange rate against the currency you want to send
Although the evolution of the exchange rate is unforseeable, it never hurts to follow it in order to maximize how much you will receive against your sending currency. Frequently check the evolution of the United States dollar mid-market and validate your transaction when the rate is at its highest level of the past days.
2. Make your choice among the 23 money transfer providers sending money to Guam and select the best deal.
Monito's comparison engine lists quite a few providers offering money transfer services to Guam, such as Western Union, MoneyGram, Currencies Direct, CurrencyFair, OFX. You can save a lot of money by comparing them all and find the most competitive deal for your upcoming transfer.
3. Select the best option based on your criteria
Based on which criteria will make your choice? The total cost, speed, user ratings? Evaluate the pros and cons before making your choice.
It is also important to have a look at the options to pay for the transfer and receive the money. Customers often have the possibility to transfer the money by bank transfer or by debit or credit cards. To receive the money in Guam, select the right option, whether you need the amount in USD to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and start your transaction with the money transfer provider you selected
Now, simply fill the sign-up form on the provider's online portal (you normally have to give some documents to confirm your identity), and set upyour transaction.