Has it ever happened that you sent a transaction through online channels only later to find out that some hidden fee cut out a significant portion of your transfer? Trust us, you are not alone as research has show every year people who use online money transfer services lose billions to hidden fees. That’s not the case at Jula Finance because we know the true value of hard-earned money, which is why transparency is part of our policy.

 

The Hidden Cost of International Transfers

What often appears as a small percentage fee by money transfer services usually accumulates large amounts over time when sending money to loved ones in Africa. Many MTS frequently offer very good exchange rates only to add markups, delivery charges or other hidden charges quietly. This is known as ‘Fee Stacking’, and basically, it means the amount you sent is often not the amount received. For those Africans in the UK who sent money back to their homes, these hidden charges can translate to hundreds of pounds yearly.

 

The Jula Finance Experience

With transparency as our guiding principle, here is how Jula Finance approaches remittances with the target of keeping more money in your pocket and in the hands of your loved ones.

  1. Upfront Fee Structure: Before any final confirmation is given, you will see precisely what you are paying, and for this, we have a displayed fee based on the amount being transferred and where it is being sent to. No hidden fee is our promise to our customers.
  2. Real Exchange Rates: Unlike those MT services that advertise zero fee and then make their profits from bad exchange rates, we use competitive and most importantly real-time exchange rates and display them. We have 16 countries to which you can send money in the Africa region and each one is displayed in our app and website with their real-time exchange rates.
  3. Destination Specific Transparency: Since we have different payout methods such whether Cash Pick Up in Cameroon, Bank Deposits in Guinea Conakry, Orange Money in Senegal, or Mobile Money in Uganda – every one of these come with specific fees that are clearly listed . This destination transparency gives our customers the choice to make informed decisions when sending money.
  4. Making Every Pound Count: In today’s world, it is essential to have money efficiency when sending funds back home. By choosing Jula finance, you ensure that your money will reach its destination, whether you are supporting a family in Rwanda through mobile money, paying education fees in the Ivory Coast through bank deposits, topping up mobile credits for relatives in Togo across all networks, or enabling cash pickups for support for loved ones in Burkina Faso.

 

Experience Jula Finance’s Transparency Today!

Ready to see how much you can save with no hidden fees plaguing your transfers? Visit our website at www.julafinance.com or download the Jula Finance free app available on Google Playstore and Apple Appstore and compare our rates with the ones you are currently using. Our built in calculator with tell you exactly how much you need to pay.