Since launching remitsearch.com, I have been asked by several people on how to select a remittance provider. While individual situations vary, the rule of the thumb is information is power. And the way to find more information is to ask for it. Here are a few things you can check for before deciding your provider:

1. Is the exchange rate transparent for the remittance?

2. Are all the fees and charges clearly stated? Are there any fees for remitting to secondary cities?

3. Is the transfer time properly defined?

4. How is the customer support?

5. Has any one you know of used this provider before? What was their experience?

6. Is your institution providing the service with the help of third party vendors? If there are any issues, what level of support can be expected from the vendors and the originating institution? Are the responsibilities clearly defined between the originator and vendors?

7. What is the current reputation of the institution?

Please do not underestimate the power of social networking. You can add your experiences in remittiance in remitsearch.com, so that every one can benefit.

Till next time, happy remitting!