ALL >> Investing---Finance >> View Article
Some Low-cost Ways To Send Money Internationally

Sending money overseas was an unimaginable possibility a few decades back. But thanks to technology, global distance is no more a hindrance to exchange funds internationally. Today, you get different channels like cash, cheques, Bank Drafts, Money Orders, etc., for Remittance. They all have distinct advantages and terms. Most people ignore this and randomly pick a method for transfer.
This is a wrong practice as it leads to paying more. Foreign Remittance is costly due to exchange rates, currency fluctuations, and other aspects. Hence, it is best to consider the charges when selecting a transfer method. Now, you may wonder how to find inexpensive ways to send money? While it may seem challenging, it is not impossible. If you research thoroughly, finding the best methods is easy. Look into these low-cost mediums for the same:
Banks
Most financial institutions help you with banking services both domestically and internationally. They offer International Money Transfer ...
... services through Wire Transfer. It is often the simplest way to send money because you already have an account with the bank. You only need to choose the service and follow the steps for the same. Banks use Society for Worldwide Interbank Financial Telecommunications for this service.
Send cash
You may also choose to send cash to the recipient. There are money pick-up providers for the same. They are private transfer agencies that help transfer money from India to the USA and other countries. Here, you deposit cash in the nearest money centre. They convert the domestic currency into the destinated country's currency. This way, the recipient receives funds in the designated currency directly from the centre.
Email Money Transfers
Some financial institutions offer the facility to Transfer through emails. This functions as an electronic cheque. The funds get physically transferred through emails. The recipient receives the notification of the availability of the funds through email. Here, you need not have the recipient's bank account number. If you use this service to send money from India, you incur a nominal cost based on the bank. Hence, making it affordable for transferring funds overseas.
Money Orders
When it comes to physical transfers, banks have various options. One of them is Money Orders. Here, you purchase the drafts or orders in the currency of the destination location. Many post offices offer them at inexpensive rates. This service is ideal for making small payments. However, they take time to reflect in the recipient's account. Hence, opt for them if you wish to save and have enough time.
Peer-to-peer transfer
This method works differently compared to others as it is digital. Instead of sending money through the bank, it allows you to transfer directly through banking apps or websites.
Add Comment
Investing / Finance Articles
1. The Rise Of Investment Banking Companies In Hyderabad’s Financial SceneAuthor: Verity knowladge solutions
2. Globe Civil Projects Ipo Gmp 2025 | Price Band ₹67–71, Dates & Gmp ₹0
Author: finowings
3. Investing Ira Gold, California: Gold Ira Investment
Author: Gold and Silver Investment News
4. Expert Accounting Services In South Auckland: Supporting Growth In Manukau And Beyond
Author: WhizBiz
5. A Short Guide To Turn Your Pension Into An Annuity In The Uk
Author: Finance Advisor
6. Globe Civil Projects Ipo: Key Dates, Price Band & Gmp
Author: finowings
7. Why Hyderabad Is The Best City For First-time Homebuyers In 2025
Author: anilsinhaanni
8. Top Crypto Security Trends In 2025: What Every Investor Must Know?
Author: Xiaou Princess
9. Term Loan Vs Line Of Credit: What Hyderabad Businesses Should Know
Author: anilsinhaanni
10. How A Certificate Course In Retail Can Open Doors To High-paying Jobs
Author: sandeep
11. Leveraging Technology: How Virtual Cfos Utilize Tools For Financial Analytics
Author: Dipanjan Das
12. Top Features To Look For In A Stock Trading Platform
Author: Aman Kumar
13. Top Trade Credit Finance Solution Providers: A Substantial Guide For Businesses
Author: Merchant
14. Top Benefits Of Investing In Property Through Your Super In Australia
Author: Rick Lopez
15. The Effect Of Fee Structures On Investment Returns Over The Years
Author: Amit