When sending money, you want to be sure your money will arrive safely without paying a fortune. This guide explains how money transfer services work, how to compare money transfer companies, and the secret to getting the best deal possible.

Ten years ago, transferring money was slow, inconvenient, and expensive. To fill out the necessary forms for a wire transfer, you’d have to go (in person!) to your bank or the closest Western Union station, wait in line, and fill out a pile of paper forms.