Here's what Kyrgyz migrants in Europe need to know to avoid losing money

What do Kyrgyz migrants in Europe need to know to transfer money home safely and profitably, avoid hidden fees and save money on transfers?

Labour migrants living in the EU regularly ask themselves how to transfer money from Europe to Kyrgyzstan. After all, these transfers help them financially support their relatives.

To avoid losing money, it is essential to select the most economical, yet fast and reliable way to send remittances to Kyrgyzstan. Consider the following factors:

1. Pay attention to the commission.

A high fee can significantly reduce the amount your family will receive. Some traditional services charge a substantial percentage of the amount transferred, while others charge non-fixed fees that increase as the amount increases. It is important to compare commissions and tariffs before sending money.

2. Keep an eye on the exchange rates.

Euro to KGS conversion rate can vary significantly depending on the service. An unfavourable exchange rate may result in a recipient receiving less money than expected.

3. Check the transfer speed.

Bank and cash transfers can take several days, while online transfers are usually instantaneous.

One of the most efficient ways to transfer money for Kyrgyz migrants in Europe is Profee, an online money transfer service which offers several advantages.

Why Profee is a smart choice:

Profitable, as a new client can transfer money from Europe to Kyrgyzstan without commission. Profee provides the most favourable Euro-KGS exchange rate, which allows you to get more money. New clients receive an improved exchange rate for the first transfer. So it is better to send at once the maximum possible amount for the first transfer - 500 euros.  The commission remains minimal for subsequent transfers - just one euro or British pound, regardless of the amount.

Fast. Profee technologies enable to send money to Kyrgyzstan instantly from EU cards or via Apple Pay/Google Pay to cards of the republic's banks.

Convenient, as Profee clients can transfer money to Kyrgyzstan both through the website and an iOS or Android app. All you need for a transfer is an EU bank card and a smartphone with internet access. You can transfer money 24/7 from anywhere.

Profee guarantees fast funds delivery without unnecessary waste.

Download the Profee app and send money from the EU to your family and friends.