Money transfers

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July 31, 2026

What is a remittance and how does it work?

A remittance is money sent from one person to another, usually across borders, to support family, friends, or a household back home. It typically moves from a sender in one country to a receiver in another through a bank, a money transfer provider, or an agent. Here is how the process works and what to expect.
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The information provided is for general informational purposes only and is not intended as personal financial, legal, or tax advice.