How To Send Money Internationally with No Fees!

Introduction

Everyone who regularly sends money abroad knows what a hassle it can be to get the right amount of money within the right amount of time in the right place, and all of this within a certain budget. International payments can take days to be processed, and with hefty fees cutting into your wallet, it can be an expensive and painful experience.

Using the Beans app we will show you a step-by-step tutorial on how you can send instant worldwide transactions. You will not have to deal with slow processing times anymore, and you will get the most optimal exchange rates. And, most importantly; Beans charges you no fees!

With Beans, it does not matter which preferred currency the recipient has, as Beans will automatically exchange the sent money. The recipient can deposit anywhere in the 200+ supported countries and withdraw their freshly received money through one of our cheap on- and off-ramps again!

How to send money internationally with Beans!

step 1: Install the Beans App

To start you will need the Beans app. Download The iOS or Android app here; https://beansapp.com/download!

Step 2: Create an account

To start using Beans you will first need to create an account. Walk through the setup where you choose your username and use your email and phone number to set up the account. This is only used to help you recover your account when needed. (If you need an invite code please visit our discord: https://discord.gg/)

Step 3: Deposit money

Once you are in the app it is time to deposit some money. This can be done through the “Deposit” option found on the bottom menu bar. Choose your preferred deposit method and walk through the steps. Every method and provider has a different flow, but most of them require you to send money to an account with your reference!

We already allow the deposit of Euros (Mykobo), Ars/Pen (Anclap), Brl (nTokens) and Usd (MoneyGram) in over 200 supported countries!

Even though Beans charges no fees, the anchors used to deposit money to beans can have fees involved. Every partner has different fees, but most of them are super cheap! For example; MYKOBO only takes 2 Euros + 0.5% for every deposit, which is significantly cheaper than most other options!

Step 4: Sending the money internationally

To start, navigate to the “Send” section, and find the username of the recipient. You can leave an optional note, after which you are prompted for the amount. You will see how much you send, as well as how much the recipient receives. Confirm the transaction, wait till the transaction has succeeded and you are done!

(Optional) Step 5: Withdrawing the money

As a recipient you have that money in your account, but what can you do with it now? You can pay friends and family with it to keep the benefits of no transaction fees, optimal security, and optimal exchange rates, but you might want it in your bank account as well.

To withdraw the money, go to the “Withdraw” section, choose your withdrawal method and follow the steps. If done correctly you should receive your money in your account!

In the end…

As you have noticed by now it is super cheap and easy to send money internationally with the Beans App. When using Beans to send money to friends you always get the best possible rate without any fees or commissions, and with over 200+ supported countries almost anyone is able to make use of this service! Try out the Beans App yourselves now at beansapp.com/download!

Want to learn more about Beans? check out their website and Twitter!