A remarkably high number of money transfer methods indicates that people have rapidly moved to the digital world. The security of remittance transfers is the main issue for every user. Also, if you can track your money transfers, your level of peace of mind and security will rise.
Let’s figure out how you can monitor your money transactions to know the status of your funds until they reach the beneficiaries.
- Automatic Transaction Tracking Service
A few top-notch money transfer service providers give customers the facility of getting alerts about the status of their transactions. Also, they can notify currency conversion rates, whether it be AUD to MAD or vice versa so that you can better know the worth of money being transferred.
The feature operates only when the customers turn on the notifications through SMS or email while transferring or registering their online accounts. This method enables the company to send customers regular notifications regarding the status of their transactions.
- Tracking Tool On Website
Almost all financial service providers are equipping their websites with the facility of keeping track of transfers. The clients can easily go to their websites, find the transaction tracking tool, and enter the tracking code to get the status of their transfers.
The necessity of an operational website is now inevitable for every business, particularly for financial institutions. Besides the online tracking tool, these websites provide several other services for customers, such as creating a new account, transferring money, receiving funds, checking exchange rates, and participating in many promotions.
- Tracking Through Digital Applications
Mobile apps have become a basic necessity of everyday life. They are also a means of saving time to do several online activities, like tracking a transaction. The majority of money transfer service providers now have their ready-to-use mobile applications for Android and iPhone users in the Play Store and Apple Store.
These mobile applications have the same tracking tool that you usually find on your service provider’s website. However, it’s pretty simple to monitor your transactions on a mobile application because these applications are always user-friendly.
Thus, if you send money online to your family and friends from abroad, you can easily check your transaction status using the same mobile application you used for your money transfers.
- SMS Tracking Service
Some of the money transfer services also enable customers to check the status of their transactions via SMS. The function operates in two ways:
- The consumer activates SMS status checks to get updates on a regular basis through SMS.
- The customer sends an SMS to a designated number with their transaction code to get the status updates manually.
In addition, some service providers might not offer the status check of SMS because it is too slow and costly for both parties, i.e., the service provider and the customer.
- Physical Tracking at the Service Provider’s Help Desk
If you don’t find any online tracking system that suits you, you can still track your transactions by visiting the nearest customer support center of your chosen provider.
The majority of the top financial service providers have help and support centers operating 24/7. You only need to bring your transaction receipt, which has the transfer code or tracking number on it.
- Tracking the Progress Via Online Customer Service
24/7 Customer support services are still the main basic need for all major businesses. If you are unable to track your transactions through all other methods, you can call customer support or chat with them using the live chat feature available on the service provider’s website.
One of their officials would enable you to get the status of your transactions immediately after reading the records.
