Compare money transfers from Australia to India

Best way to transfer money from Australia to India

🪙 Cheapest to a bank account	InstaReM
💳 Best with credit card payment	Remitly and InstaReM
💶 Easiest cash pickup	Remitly and MoneyGram
🎁 Special offers for first transfers	WorldRemit

Money is one of the necessities for a living. One needs it for food, house, clothes, and education among life’s other needs. And, with globalization on the rise, international money transfers or remittances have gained traction. Those working in Australia might be looking for the best way to transfer money from Australia to India. Similarly, there are many more looking to transfer money across the globe for personal, education, and business purposes. Here, you will find various ways to transfer money internationally and how to choose the right one.

According to the World Bank, in last year, remittance to countries under Low & Middle Income Group touched the record high of $554 billion.

How to send money to India?

Today, electronic payments have emerged as the fastest and the easiest way of transferring funds, either local or international. And, you have got several sources at your disposal for sending remittances to a foreign country.

1. Banks or Credit Unions: If you transfer funds occasionally, choosing a bank or a credit union could be your pick. Depending on the types of services, countries covered, charges, and other factors, you can send money to another bank, a retail store, or any other outlet in the destination country. For this, you will need to ask a customer service representative or a teller to guide you regarding the process of wire transfer, or e transfer.
2. Money Transfer Service: For frequently sending wire money from Australia to India or any other country, numerous money transfer services are available. These include both established brands like Transferwise, Skrill, and Western Union as well as new service providers. You need to register for an account, provide recipient details, and choose an option for fund transfer. With credit cards, debit cards, cash, and bank accounts among available options, the time and charges of transfer vary with the funding method.
   With newcomers regularly coming in, you can find the cheapest way to send money from Australia to India.
3. Prepaid Cards: These offer an easy to process fund transfer option wherein beneficiary can directly redeem the value at a store. However, they come with a high fee, limited use, and difficult to send a physical card, limiting their convenience and use.

How to Find the Best Service for you?

Several factors come into play while making this choice, such as:

• Exchange Rates: Banks and other transfer service providers earn from currency exchange rates. And, finding the one with the most competitive offer can help you land a worthy deal.
• Transfer Fee: Besides, a transfer fee is also charged for every international transaction made. Though these fees generally lie between $0 and $60, sending large amounts can get you a waiver.
• Destination: Check whether the service provider caters to the destination country you want to transfer funds to.
• Processing time: Though this time varies from a few hours to weeks and even months, cash transfers are generally considered the fastest.
• Customer Service: You will need this to understand the process, get answers to specific queries, and assist in case anything goes wrong.

Pick the Best Money Transfer Company with us

With an influx of numerous international transfer service providers, we help you by comparing available options. Our comparison tool helps you consider and evaluate various factors including charges, target destinations, and others for the best choice. Though it is advised to go through reviews and other details to avoid any future hassle.