How to Safely Send Money Home

Choosing the Right Remittance Service

19 January 2025

Discover what makes a remittance service secure and trustworthy, the risks of unverified transfers, and how to protect your money when sending funds abroad.

In 2024, global remittance flows reached a record USD 905 billion, according to the World Bank — a clear sign of how vital these funds are for families and economies around the world. For millions of overseas workers, sending money home is more than just a transaction — it’s a lifeline that supports loved ones, funds education, and fuels growth.

While speed and affordability matter when choosing how to send money, the most important factors are security and trustworthiness. With scams and fraud cases on the rise, it’s crucial to choose a remittance services that protects your money and personal data.

This guide will help you understand what makes a remittance service safe, reliable, and worth your trust.

The Risks of Using Unverified or Informal Channels

Using unverified or informal money transfer channels may seem convenient, but it comes with serious risks. Fraud, scams, and transaction delays are common when using unlicensed services.

According to Chubb’s global remittance report, one in three remittance senders around the globe report having been victims of online fraud or cybercrime. Unregulated providers may mishandle your funds, fail to deliver payments, or expose your personal information to identify theft.

To protect yourself and your loved ones, always ensure that the service you choose is registered, regulated, and compliant with financial laws.

What Makes a Remittance Service Safe

When assessing a remittance provider’s safety, here are key features to look for:

Regulatory Compliance — The provider should be fully licensed and regulated by financial authorities in your country (for example, FINTRAC in Canada).
Encryption and Data Protection — Look for platforms that use bank-grade encryption to secure transactions and safeguard personal information.
Transaction Monitoring — Safe providers monitor all transfers to detect and prevent fraudulent activities.
Two-Factor Authentication (2FA) — Added verification steps help ensure that only you can authorize your transfers.

A trusted remittance platform takes your safety as seriously as your convenience.

What Makes a Remittance Service Reliable

Reliability ensures that your hard-earned money reaches your family on time, every time. Here are signs that a remittance service is dependable:

Speed and Consistency: Transactions are processed quickly and consistently, even during peak seasons.
Transparent Fees and Exchange Rates: no hidden charges or surprise deductions.
Positive Reviews and Reputation: Good track record and verified customer testimonials.
Responsive Customer Support: Accessible help whenever you need assistance.
User-Friendly Platform: Easy navigation and clear instructions make transfers stress-free.

Reliable providers are those that you can trust every step of the way.

How to Compare Remittance Services

Before choosing a provider, take time to compare the following key factors. Here’s a quick checklist:

Compare transfer fees and exchange rates across platforms.
Check transfer times — how long does it take for your money to arrive?
Ensure the service offers real-time tracking and notifications.
Review customer support availability (24/7 assistance is a plus).
Confirm payment options (bank deposit, cash pickup, e-wallet, etc.).
Look for user security features like 2FA and encryption.

By evaluating these points, you can make a smart, informed choice that balances speed, cost, and safety.

Why OTT Remit is a Safe and Reliable Choice

OTT Remit stands out as a trusted and fully licensed financial institution in Canada, regulated by FINTRAC and compliant with all anti-money laundering (AML) and know-your-customer (KYC) regulations.

Here’s what makes OTT Remit the preferred choice for thousands of users:

Bank-Grade Security: Advanced encryption and data protection.
Fast and Reliable Transfers: Real-time processing with instant updates.
Transparent Fees & Competitive Rates: No hidden charges — what you see is what you send.
Global Reach: Send money to loved ones anytime, anywhere.
Trusted & Compliant: Licensed, regulated, and built on integrity.
24/7 Customer Support: Always ready to help you with your transfers.

With OTT Remit, your money — and your peace of mind — are always protected.

Conclusion

Safety and reliability are not optional when it comes to sending money home — they are essential. Your remittance represents hard work, love, and responsibility, and it deserves to be handled with care.

By choosing a trusted provider like OTT Remit, you ensure that every transaction is secure, fast, and transparent, giving your loved ones the full benefit of your support.

Send money confidently with OTT Remit — where security and trust come first.

Disclaimer: The views and opinions expressed by the authors in this publication are their own and do not necessarily reflect the views of OTT Remit, OTT Financial Inc., and the OTT Group of Companies. This publication is provided for general information purposes only and should not be considered as exhaustive or comprehensive in covering all aspects of the discussed topics. It is not intended to replace seeking advice from a specialist or professional.

How To Send Money with OTT Remit

Follow three simple steps to send money quickly and securely to loved ones anywhere in the world.

Sign up for an account

Enter your name and phone number to create an account with OTT Remit.

Enter money transfer details

Choose your destination country and select one of three remittance methods: Cash Pickup, Mobile Wallet, or Bank Deposit. Enter your recipient's information.

Pay for your transfer

Complete your remittance by making an INTERAC e-Transfer. It's that easy!