Sending a cheque is by far the slowest method for sending money within a country or abroad because it can travel for days and weeks before the recipient is able to cash it. This old-fashioned way of sending funds is replaced by various kinds of electronic transfers. You do not need a bank teller and you do not need to sign any papers to withdraw cash from your bank account using your debit or credit card. We are accustomed to have instant access to our money and for that reason some people are surprised when a money transfer of theirs does not arrive for days. The time frame for a funds transfer abroad can vary greatly depending on the destination country, the method used and the terms and conditions of the service provider. Transferring money between your different bank accounts or to someone else’s account within the same country can usually happen in within hours or within one business day. Transferring money abroad is entirely different. Provided that you know the ID details of a friend living abroad as well as his/her bank account number, routing number and the bank’s details you can make a wire transfer to him/her. This wire transfer, however, will take between two and three days to be finalised. Moreover, some banks allow their clients to arrange wire transfers only during a particular time of the day, which means that you cannot wire money after, say, 2:00 pm. The bank’s terms and conditions differ and you must be aware that if you are accustomed to make money transfer between 10:00 am and 3:00 pm, going to another bank you can be surprised that it is conducting such transfers during different hours. Many online money transfer providers advertise their ability to execute instant money transfers but be on your guard when reading such statements. Online electronic transfers between two online accounts can be conducted in seconds, that is a true, but you have to also withdraw the money you just received. Strictly speaking, you have to transfer the funds from your online account to your bank account before you can withdraw them and this can take up to 3-4 days or even more if we take into account that it takes additional time for the sender to transfer the money from his bank account to his online account. In general, the overall duration of such a transaction can take more than a week. There are money transfer services who have their own means to transfer funds abroad. Some of them utilise their own station networks or use the existing outlets of another company to transfer money; others maintain well developed network of correspondent banks, while some brokers use of a mix of methods to transfer your funds. The fastest and safest way to send your money is to use a broker that uses the SWIFT network for transferring of funds. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication and is the standard used by banks and large financial institutions globally. Depending on the currency being transferred and the destination country, funds can take 0-3 days using this method.