The first thing to keep in mind when transferring money is the time it takes for the transaction to go through. We live in a world where everything happens almost instantaneously. If 10 years ago a transfer taking 5 business days to be completed was not a problem, the same can’t be said today.
If you opt for a regular bank transfer, expect a longer period before the money reaches its final destination. Because the bank will require several intermediaries when sending money abroad, the whole process can take anywhere between a few business days to an entire week.
Money transfer apps, on the other hand, are quicker and more adjusted to our modern times. Revolut, for instance, will allow you to easily send money almost instantaneously to another Revolut user.