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How To Transfer Money To India From Uk
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If you are an Indian that is travelling abroad for professional or educational work, it will be most likely that you will be transfer money back to your family at home. Whether you are going to transfer money from UK or transfer money from US to India, you will always depend on a fast and secure service. In this article, we tell you the option on how to send money online to your family back home.
• Direct Money Transfer
There are various occasion where you will have to pay direct cash. This is an excellent choice for those who do not want to have a bank account. This service is normally fast, easy and effectual. Money transfer services like Western Union and Money Gram allows you transfer money online through a prepaid card, especially if you are going to transfer money from US to India. You can transfer funds directly into the recipient’s bank, where the funds can also be withdrawn as cash. The fees for this service depend on your location and how you’re sending money.
• Online Money Order
This form of traditional money order is still used today is it easily available at post offices, grocery stores and banks. You can now send money online, with certain banks and transfer services. This online money order is useful especially when you want to transfer money from UK or transfer money from US to India. However, these companies have a certain limit that can be sent per order. A certain percentage of money is added to this service as fees.
• Wire transfer
Wire transfers or bank wires are the easiest option to send money online. You can transfer money from one bank account to another especially if you are going to transfer money from UK or transfer money from US to India. Most transfers that occur between the same banks do not charge any fees for the service. However, if you are transferring from one bank account to another you will have to pay extra fees. This service normally takes around a few hours to a day, as a lot of data needs to be verified before the money gets transferred.
There are various factors that are taken into account when you are going to send money online, especially if you are going to transfer money from UK or transfer money from US to India, as the distance between these two places and India is large. Factors like amount of the money or funds, the urgency of these funds and the recipients banking facilities plays an important role in such situations.
Author Bio :- Neha Sharma; a finance student, is really excited to learn about various ways to send money online. She offers useful insights that will help you transfer money from the USA, the UK to India. She will continue to offer helpful information to the NRIs and international travelers alike.
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