Secrets to quick remit you must know about

Quickremit is the process in which bank transfers money from one country to another.. It is completely free of charge wherein which banks and financial institutes provide the best exchange rates without compromising on the security of your transaction. Considering this, there is no reason to use quickremit. Here are some of the secrets to quickremit you must know about.

1. Allows you to send a personalized message

This is a great feature of the quickremit. Sometimes there may be something you want to say that could not be said via other platforms or you just need to send it privately. In either case, the ability to send a personalized message is a great benefit not too many people know about.

2. Allows you to maintain an address book

It is often very difficult to remember the bank ID of each and every person you need to remit something to. This great feature will allow you to store everything in one place and save you a lot of time and effort in finding your addressee and therefore saves you a lot of hassle as well.

3. It is completely free

As mentioned earlier, a quickremit is completely free since it is online. This will not only allow you to save a lot of your funds, but also it will allow you to save a lot of time.

4. Doorstep delivery in over 1650 locations across India

This is another secret that few people are aware of. This wide range of access means you can send a quick remit to almost any place in India. This helps you send funds to locations which other services may not be able to send.

5. Track your transfer

Tracking your transfer may be very important to you if you are transferring something important and especially if you are worried about it and want your peace of mind. This can be done using an online tracker or an email.

6. Round-the-clock customer service

Quickremit is also known by very few people. You must take advantage of the bank or financial institue’s great customer service, especially since it is available nearly all the time.

A quickremit has a great number of benefits that very few people knew about however you should keep a few points in mind before you quick remit something. One of them is obviously the reliability of your internet connection as you do not want your quick remit to be transferred and the second is the exchange rate when transferring from India to abroad.

Should you file small claims with your car insurance?

You may be thinking that it is wise to make the best use of the resources provided to you and take insurance whenever you get the chance so that you do not have to pay out of your own pocket. Normally, this type of thinking is the correct move financially; however, it is not the case with insurance. It is especially true with car insurance. Here are the reasons why.

1. Deductibles

Deductibles are also known as an excess. These are a very important reason why not to file small claims with your car insurance. This is because deductibles or excess is the amount that the client will have to pay by himself or herself. This means that if the damage to the car is very little, the client will have to pay the full amount himself or herself. Therefore, the client must be sure he has no deductibles when making small claims as otherwise he will have little or no help.

2. NCB

An NCB is a no claim bonus. These are basically the discounts that a car insurance company gives at the end of a year if you have not filed insurance. It can be understood that if you take car insurance for small claims you cannot avail this benefit for big claims. Normally, you get a 20% discount at the end of your first claim-free year after which you get more and more. However, the maximum discount which you can get is 50%, albeit this is a pretty large discount.

3. Risk of losing renewal

Sometimes if you have filed small claims many times, this will make the insurance company think you are a risk to them and thus they may deny the renewal of your policy. This is because insurance companies will be making losses from the insurance package they offered you. Therefore, you should not keep filing small claims especially if you want to keep your insurance.

Finally, note that it is not a hard and fast rule to not take car insurance with small claims. These are only some of the reasons why to not file small claims with car insurance. You must make sure that you do not neglect your circumstances. For example, if there is a third party which was completely at fault for the accident, insurance companies are generally more forgiving and do not stop renewal. You could even talk to an insurance agent to find out whether it is wise or not to file small claims with car insurance.

How to save your funds when you transfer money abroad?

Transferring money abroad at the moment is very tiring and not an easy thing to do. There are many complications and many ways you could lose a large sum of money when you do so. However, there are plenty of international money transfer options that can now make this process, an easy one. Here are some of the major ways you could save your money.

1. Use banks for safety

These are perhaps the safest way to transfer money abroad and they will guide you through the process. However, it is worth noting that if you want lower rates on the money you are sending abroad, banks are not the best option. This is because they charge higher rates, especially if you send in large amounts of funds.

2. Use online sites rather than brokers

Many times we go to specialist brokers who we trust to transfer money abroad. However, do make sure the person you are dealing with is trustworthy as otherwise he or she may just take the money herself. Rather, use online sites instead of brokers as though this may bring its own set of problems, it is safer. However, it would not be unwise to use a broker if you trust that person.

3. Keep an eye on the exchange rate.

Exchange rates change by the second. It is crucial that you keep an eye on the possible exchange rates. Make sure that you do not make an international money transfer when the exchange rate is a lot higher than you think it was. Therefore, this is a very important reason to be careful.

4. Make sure you have the correct details of the recipient

This will be the biggest problem if you make this mistake. Always double check and be sure that what you are sending has the right details as once it is sent; you probably cannot get it back.

5. Take an appropriate amount of time

Though you may not be able to do this due to other work, it is worth noting that banks take a long time to get money sent abroad. Therefore, do try to keep some time in hand before you send the money abroad so that it will reach there on time.

To summarize the two main things are to get someone you trust and to take your time and not make mistakes while sending it, and at the same time being wary of the exchange rates. There are a lot of spurious brokers and sites as well so do be careful.

Tips on how to save on your funds with prepaid cards

Prepaid cards are basically what in India is called a debit card. These cards allow you to spend as many funds as you want just like a credit card does. However, it differs from a credit card in the fact that you will pay the money from before and then once the money paid has been exceeded you are no longer allowed to use the card. This is a great way to save on your funds and it brings a number of advantages with it.

1. Cashback

This is the newest and perhaps biggest advantage of pre-paid cards. This can be used for several occasions, especially if you want to save over spending. Therefore, if you feel like you do not want to pay in advance and you want to use the money for an investment, you can use this card. Through this, you can get your cash back and use it for an investment.

2. No credit check

This has been one of the biggest problems for many people as they hate being credit checked everywhere. You can easily apply for this card, and make any amount of purchases, without it being financial recorded on your credit report. With a prepaid card, this hassle is eliminated.

3. You will never be in debt

This is perhaps the reason why credit checks were made and now the solution has also come in the form of a pre-paid card.

4. You are in control

No more do you have to worry about how much you are spending. You can just spend how much you want to a fixed limit. Therefore, when you meet that limit, your access to the funds will automatically get cut. Therefore, if you are aware of the limitations of the card’s expenditure, then you will be aware of how much you can spend.

5. Can be used for very young people

Thirteen and fourteen-year-olds can get a prepaid card. This was unheard of for safety reasons and much more even a decade back. Your child can get his own account and will make all his transactions on his own rather than having to bear the burden of carrying cash everywhere. Also, he cannot carry a check so this makes it incredibly easy for you as a parent.

6. Act as a bank account

Finally, prepaid cards can even act as a bank account. This will mean a lot of convenience for a lot of people as they can now have wages paid on their card.

With all of these advantages of a prepaid card and possibly a lot more advantages, we have not spoken of; it would be nonsensical to not get a prepaid card. Also, there is almost nothing to lose in getting one either.