Which document must a remittance provider give to a sender when making a remittance transfer?

The correct document that a remittance provider must give to a sender when making a remittance transfer is the receipt. This receipt serves several important purposes in the context of remittance transfers. It provides the sender with essential information about the transaction, including the amount sent, exchange rates if applicable, fees deducted, and the estimated delivery time. This documentation is critical not only for the sender’s records but also for ensuring transparency and accountability on the part of the remittance provider.

The receipt also serves to protect the rights of the consumer by ensuring that they have a verifiable proof of the transaction. Compliance with this requirement is key for remittance service providers to adhere to regulations set forth to promote fair treatment of consumers in remittance transactions. Without a receipt, the sender would lack the necessary information to confirm the details of the transfer, which could lead to disputes or confusion regarding the transaction.