The advantage of formal transfer channels

Formal transfer channels, in other words banks and agents, are regulated by Swedish law and the companies are under the supervision of the Swedish authorities.

There are laws governing international money transfer services and therefore it is best for those who send money to use the formal transfer channels in the form of banks and agents instead of private alternatives.

Among other things, the bank or the agent undertakes a responsibility to see to it that the money arrives. The responsibility is governed by the terms and conditions that apply for your contract.