Mar 11, 2025 · What Is a Remittance? "Remittance" refers to sending money from one person or group to another and commonly refers to sending money back to one's family in another country.

A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or …

Aug 15, 2025 · A remittance is a financial transfer made from one party to another, often across borders or geographical locations. This term typically describes regular support payments from individuals to …

Aug 2, 2025 · In simple terms, a remittance is a sum of money sent from one party to another, usually across a geographical distance. While the term can apply to any money transfer, it is most famously …

A remittance is the money sent, often for personal support, while a bank transfer is one of the methods used to send it. Remittance has a stronger connotation of being an international, non-commercial …

A remittance is money that’s sent internationally from one party to another. Find out how remittances work and how you can send one, here.

Remittance of funds refers to the money transfer from the worker in a foreign country back to his family in his own country. It specifically means sending back money earned by workers employed in a …

Jan 6, 2025 · What is a remittance, and how does it work? Learn everything about international money transfers, types of remittances, legal implications, and the fastest, most secure ways to send funds.

Aug 25, 2025 · This is by far the most common form of remittance, sent by individuals to their families or loved ones. For example, someone working in the United States who’s originally from the Philippines …

Jul 29, 2025 · A remittance is a type of bank or money transfer, typically sent by migrants to family abroad. Not all bank transfers are remittances, but all remittances involve transferring money across …