Of course, sending money abroad comes with its fair share of challenges like fees and exchange rates. The following tips will help make the process go more smoothly:

1) Know What You're Getting Into

Sending money overseas can be expensive; it's important that you know what you are paying for. Look at your bank statement when completing an international transfer; if there are any hidden fees like conversion fees or service charges, call customer service to find out how much they cost. Also ask about the size of wire fee (the larger the amount, the more expensive it will be) and how many days your money may take to reach its final destination (the longer it takes, the higher the fee).

2) Send Money Online

If you know that you're going to need to send money internationally then simply open an account with an international bank. Some banks like HSBC offer useful tools like currency calculators or comparison charts that show you exchange rates based on date. 

3) Use ATMs 

This is one of the cheapest ways to send money abroad; It's simple, fast and best of all doesn't cost anything. You can simply visit an ATM of another country with your debit card and withdraw cash; make sure to check if your bank charges additional fees for using foreign ATMs before you go. Another option is to use a debit card without foreign transaction fees, this way your bank won't charge you extra for withdrawing cash from international ATMs. 

4) Choose the Right Transfer Method 

There are several different options available when sending money overseas. These include transferring the funds through your financial institution (ie: sending money via online banking or wire transfer), using an international money service like Western Union, or visiting a local currency exchange shop. For many people, the best option is to write a check payable in US dollars (make sure it doesn't expire). 

5) Watch Out for Hidden Costs

Be aware that some companies may try to upsell their services; they might even tell you that they can save you more money by mailing the check instead of doing it online at a cheaper fee. As long as the bank account number and routing number are correct, don't worry about filling out another form or paying additional fees. 

6) Know Who You're Dealing With

Avoid getting ripped off by companies that claim to transfer funds cheaply but have high hidden fees – look for a reliable international money transfer company before sending money abroad. If you're going to use a currency exchange then make sure to do your research beforehand – compare rates among different companies and read reviews from other customers.

Conclusion

Financial institutions play a large role in helping individuals send money internationally - whether it is remittance from an ex-pat to family members back home or simply purchasing stock, financial institutions make transferring money across borders possible. Of course, sending money abroad comes with its fair share of challenges like fees and exchange rates.