Best Ways to Transfer Money to India from the USA
Transfer of money from USA to India has never been as cheap and fast as today. There are dozens of money transfer operators to chose from and services like RemitLow have only made it easier to find the best remittance to India by the virtue of their remit comparison service. While some services might have the best dollar to rupee rate, they might have additional transfer fees. Here we will discuss the best services with lowest transfer rates (best USD to INR conversion as well as low trasfer fees) and fastest delivery speed for both bank transfers and cash pickup.
The Best Ways to Send Money to India
Small amount of Money Transfer (<$200)
Medium amount of Money Transfer (<$1000)
Large amount of Money Transfer (>$1000)
Best User Experience: Wise
Remitly
Remitly is undoubtedly one of the best fund transfer services out there. The biggest advantage with Remitly is that the funds arrive in the other country within minutes and are very convenient. If you send more than $1000 Remitly charges no transaction fees. You will have to pay a transaction fee of $3.99 if the amount is less than $1000. They have two options, namely express and economy. Express is the fastest where your money will reach in minutes wherein the economy will take 3–5 business days. Remitly offers a secure and safe mode of money transfer and is trusted by many customers. Reliability, convenience, and speed are the core of the service with a great support team. Things that make Remitly unique are better transfer fees, updates on the transfers, more locations for your family, bank-level security, and transferring money with experts that care for your needs. Transferring from USD to INR is all the more convenient now with Remitly.
Small World
If you are planning for a cash pickup, then Small World is the best choice. The service is both speedy and cheap. They have their service in over 90 countries and 250000 pickup locations. They even have a home delivery system where the money will be sent directly to your home address. The service is secure, fast, and trusted with over 15 million customers worldwide and 1 million transactions a month. They have their apps in the play store and in-app store. The customer service is awesome with quick and prompt responses to assist you. The convenience is that you can send money through your phone wherever you are. You can track your order in real-time by logging into your account anytime. Your first transaction is free of cost and after that, you will have to pay a very small fee for each transaction. Dollar to Rupee transactions is now so easy with Small World. If you are not comfortable with a bank transfer and want a cash pickup instead Small World is the one you should be using.
MoneyGram
MoneyGram is good for both speeds as well as rates. Usually, the transfers from the US take some hours to reach India. The service has agent locations and your cash, other than bank transfers can reach agent locations or by using a debit or credit card. If you send more than $1000 there are no fees and all amounts above $1000 have a fee of $5. They have more than 40000 locations spread across India for cash pickup and per transfer, the maximum amount you can send is $2999. MoneyGram also has an app in the play store and the app store. The transferring process is quite simple. All you need to do is to register an account with MoneyGram, select a receiver and choose a payment method. They have a very user-friendly service and quick confirmation. You get 20% off for your second transfer after completing the first. MoneyGram has been around for quite some time now and has shown exceptional customer service and flexibility. If you are in urgency and want to transfer funds fast, then MoneyGram can help you do that.
Instarem
Instarem has very low transfer rates and is cheap as well. Their rates are sourced directly from Reuters and they only charge a small amount on top of that. The service is cost-effective, fast, safe, and transparent. They also have a reward system where the sender collects points known as Instapoints. They have cash pickup available only in the Philippines and if you are planning for a cash pickup then you need to go for other transfer services. The sign-up process is simple and within minutes you will be all ready to start transferring funds. The main focus of the service is to keep things as simple as possible with a great support team. With many awards and other recognitions achieved so far, the company is at the forefront among the money transfer services. When we compare remittance fees Instarem is a great option to use. The service has quite a good number of positive reviews on Trustpilot and customers love the service.
Wise
Wise formerly known as TransferWise is a very good option when it comes to transferring funds. You can make payment either through their app or through the website. You need a bank account on either end for Wise to work. The mobile app rating is quite handsome with 4.5 and satisfied customer reviews. Signing into the website is easy. You can use your email or sign up with Google or Facebook. A calculator is ready for you to understand the different rates and calculations. Wise is cheap but has a relatively high transfer rate compared to the other services. You will have to pay $2.70 to send $300. The service has collaboration with many online platforms and is used by people all around the world. The whole process is super convenient. All you need to do is to set up an account, select the amount for transfer and fill in the recipient’s bank address. If you are looking for user experience rather than transfer rates, then Wise is the best option. Wise has been there for a long time and is a very popular platform for overseas transactions.
Methodology
To find out the best money transfer service we compared the different services by speed, transfer rates, best rate, and user experience. The services mentioned are those that serve US residents and who wish to transfer money to India. Small differences separate each of the services and we were diligent to pick the best ones.
Money transfer providers analyzed: Wise, Remitly, MoneyGram, Instarem, Small World, Xoom, Western Union, Azimo, Transfast, Ria, WorldRemit, Lucky Money, Remit2India, Placid Express, OFX, WorldFirst, Indus Fast Remit.
You are open to trying any of the above-mentioned services and if you need something special like speed, rates, etc, then choose the ones that meet those criteria and go with it. All the mentioned ones are trustworthy and studied properly. We reviewed customer feedback and opinions to make the list and made sure that they are genuine, and you can trust them. We reviewed the services on different days and found that the statistics shown on the websites of the services are real and trustworthy and can be recommended to users. If you have gone through the above-mentioned services, you don’t need to worry anymore regarding how to transfer money or which service to choose from. The list is a great source for you to start. We were diligent to pick the best services after going through the website of each of the services. The different faculties like convenience, user-friendliness was considered before choosing the final list. There are different platforms out there that help you send money from the USA to India, and we wanted to make sure you can shortlist the best one from many to save time and effort. After picking up the best ones we again revised to make sure that things are perfect and ready to go. Money transfer from India to the US and from the US to India can be done cheaply and fast with the above-mentioned services. If you are planning to send remittance to India, it would save both money and time to use the money transfer services listed above instead of banks. They give much better USD to INR rates. You can also check out RemitLow. It compares the remit rates and transfer fees of the best MTOs out there and also mentions the time to tranfer, which can help you in chosing the one best suited for your needs.