For anyone hearing the word remittance for the first time, the terminology can be overwhelming. Due to the various guidelines and relatively newer terms, remittance may sound confusing and challenging, but it is very easy to understand. Once you understand the remittance meaning, you will know that there are several types of remittance options. A ...
Money know-howTypes of remittance: Inward Remittance vs Outward RemittanceTransferring money or, more precisely, sending money abroad can be done for various reasons. Especially when foreign migration is increasing, mostly among working individuals, the word has gained immense importance and become a household term. In the article below, we shall discuss in detail the types of remittance- inward and outward. What is Remittance? The ...
Money Know-HowPopular articlesTips for successful long term investingYour 20s and 30s are the perfect time to start saving for retirement. Though you may not feel like you have enough money to spare, even small contributions now will add up over time. In order to make the most of your savings, it’s important to invest them in a way that will provide the ...
InsiderWhat are ACH transfers and how do they work?If you have ever paid your utility bills directly from your bank account or paid an invoice from the supplier without writing a check, you are probably familiar with ACH or Automated Clearing House. Instant ACH transfer online is one of the most frequently used methods of transferring money between bank accounts safely and quickly ...
InsiderWhat is (FIRC) foreign inward remittance certificate?Economies across the world are interacting much more today than ever before. With this, businesses are eager to invest in overseas workforce and services. Exporters and freelancers in India have picked up this trend and are selling their products and services abroad. If you are an exporter in India, regularly receiving payments in foreign currency ...
Expat lifeGoogle Voice 101: Everything you need to know as expatsDo you find yourself googling “google voice moving abroad”? Well if you are, you have come to the right place! Google Voice is a great tool for expats. It allows you to keep your US phone number even when you move overseas. In this blog post, we will discuss: all the features of Google Voice, ...
Expat lifeLifestyle7 questions expats wished they had asked before moving overseasYou’ve done it. You’ve packed your bags, said your goodbyes, and boarded a one-way flight to another country. It’s an exciting time, full of new adventures and opportunities. But as you settle into your new life, you may find yourself wishing you had asked a few more questions before making the move. To ...
InsiderMoney Know-HowCNH VS CNY: What you need to know about sending money to ChinaChina has two currencies that are both in use – CNH and CNY. Both of these currencies are regulated by the People’s Bank of China, however, there are some key differences between them that you should be aware of before sending money to China. In this article, we will cover the basics of each currency, ...
Expat lifeAn expat’s guide to the cost of living in MalaysiaLifestyle in Malaysia can be as extravagant or as humble as one wishes it to be. Looking to relocate? Here’s a quick guide on the cost of living in Malaysia.