We at MinistryCPA have asked one of WWNTBM’s representatives to share the following information with our readers.
Did you know that there are many ways a missionary can receive his support other than receiving a check in the mail? Technology has so progressed in this area that we no longer have to go to the bank daily to stand in line waiting to make deposits or send money. We can send funds all over the world right from our computer. It is so much faster and more efficient.
✦ Domestic ACH
✦ Foreign Exchange Broker
✦ Cash Transfers
Of course, all transactions have costs involved. Depending on the type of transfer used, our bank or service provider charges a fee for us to be able to send money. Then, depending on their personal financial institute, the missionary may be charged a fee on their end to receive funds. Missionaries can often save money by shopping around for the best financial institution, or even the best types of accounts offered by their current financial institution.
✦ Credit Unions
✦ Free Checking Accounts
WWNTBM indicates that there are many options to save time and money when transferring funds to foreign countries. It encourages agencies and missionaries to research what options will best meet their needs. For more information about WWNTBM, visit www.wwntbm.com.
*World Wide New Testament Baptist Missions (WWNTBM) of Kings Mountain, NC