Sending Money Home Safely: A Guide to Remittances

Sending money to family in another country is one of the most meaningful things you can do with your paycheck. It should also be one of the safest and most predictable. Whether you support parents overseas, help a sibling with school, or send a little extra during the holidays, the goal is simple: your loved ones receive the full amount you intended, on time, without surprises. This guide walks through how remittances work, what to watch for, and how to send with confidence.

What a Remittance Really Costs

The amount that arrives depends on more than the transfer fee. Two costs shape every international transfer: the fee the provider charges and the exchange rate they apply when converting your dollars into another currency. Some services advertise low fees but build a markup into the rate, so the money that lands can be less than you expected.

Before you send, look at both numbers together. Ask what the recipient will actually receive in their local currency, not just what you pay to send.

Nova UA only sends money in USD (United States Dollars). We do not offer currency conversions, so the recipient needs to have a USD bank account in their country to receive the funds.

Fees and rates vary widely from one provider to the next, so it pays to compare a few options for the same amount and destination. A transfer that looks cheap up front isn't always the better deal once you factor in the exchange rate.

Choosing a Safe Way to Send

Reliable providers are transparent about costs, licensed to move money, and clear about how and when funds arrive. Look for a company that shows the fee, the exchange rate, and the delivery estimate before you confirm. Confirm how your recipient will collect the money, whether by bank deposit, mobile wallet, or a cash pickup location near them.

A few habits protect every transfer. Double-check the recipient's name and account details, since a small typo can delay or misdirect funds. Keep your confirmation number until you receive the moneythe money is received. Send only through services you can verify, and be cautious of anyone who pressures you to move money quickly or through an unfamiliar app.

If you would like help thinking through your options, the Nova UA Federal Credit Union Member Services Team is glad to walk you through them. Talk to our Member Services Team and we can review what works best for your situation.

How Nova UA Can Help

A dependable checking or savings account is the foundation for sending money abroad, giving you a secure place to hold funds and a clear record of every transfer. With a Nova UA checking or savings account, you can manage your money through digital banking and keep tabs on your transfers from your phone. Many members also use their Nova UA debit or credit card with trusted transfer services such as Paysend or MoneyGram to send funds in other currencies, alongside the wire options the Member Services Team can set up for you.

Becoming a member is straightforward. If you are ready, you can become a member online in a few minutes. Our Member Services Team is here if you have questions along the way.

Frequently Asked Questions

How long does it take for money to arrive?

It depends on the provider and the destination. Some transfers arrive within a business dayminutes, while others take a few business days, especially for bank deposits. Always check the delivery estimate before you confirm, so you and your recipient know what to expect.

How can I lower the cost of sending money?

For Nova UA, wiring money costs depend on two things: whether it is a domestic or international wire, and the amount being sent. The fee ranges from $25 to $65 depending on these factors. Fees may vary from lender to lender.Compare a few providers for the same amount and destination, and look at both the fee and the exchange rate together. Sending a larger amount less often, rather than many small transfers, can also reduce the total fees you pay over time.

Is it safe to send money from my phone?

Nova does not offer wire transfers directly in the mobile app. To send a wire, you can email all required details to admin@novafcu.com. We can complete the form for you and send it via DocuSign for your signature. Alternatively, we can send you a blank form to print, complete, sign, scan, and email back to us.Yes, when you use trusted, licensed services and protect your login details. Keep your app and device updated, use a strong password, and never share confirmation codes with anyone who contacts you unexpectedly.

Peace of Mind, One Transfer at a Time

Sending money home is really about caring for the people who matter most, and it should feel steady and secure every time. When you understand the true cost, choose transparent providers, and double-check the details, you can send with confidence. Nova UA is here to help you build that foundation, so more of what you earn reaches the people you love.