Compare money transfers from India to Brazil

The Best Services to Transfer Money from India to Hong Kong

Choosing a bank or a company to transfer money to a different country is quite a tricky task. However, your search for the best one depends on the exchange rates and other related service charges imposed by the money transfer companies.

If you are having some business connections in Brazil or you have to send money to Brazil regularly, you should know the best way to transfer money from India to Brazil. Despite doing thorough research of services offered by the money transfer companies, you might miss out on some essential aspects that might be very important to consider.

Which service is best to use?

Banks, online financial institutions, e transfer services etc. make good amount of profit by levying heavy currency conversion rates. Moreover, the hidden charges added to the exchange rate cost you a good amount of additional money while transferring funds from India to Brazil. It is very important to know how much is the additional amount that you have to pay for the money you want to transfer (adding the transaction fee and exchange rate). Thus, for calculating this amount and to find the cheapest company that offer these services, there are many websites offering a service for comparison and choosing company (online service) to send money to another country, helping you choose the best one! So, finding the cheapest way to send money from India to Brazil has become very easy these days.

How much does it cost to transfer money abroad?

This is the first question that pops up in your mind. Well, every bank or online transfer services have different transfer fees and different margins on the exchange rate. Here are a few things to look out for:

1. Money transfer fees charged by your provider: While sending money abroad, your bank will charge a fixed amount per transfer. Depending on the bank you choose and the amount of money you want to transfer, you could possibly pay somewhere around $50. Moreover, if it is an urgent transfer or if you are sending money other than recipient’s local currency, you might be charged higher. And if you want to send money from your bank account, or a credit/debit card or wire transfer from India to Brazil, you will have to pay an additional amount of somewhere between 0.5% to 3.9%.
2. Margin on the exchange rate: Most foreign transfers come with a margin on the daily exchange rate. Most of the major banks charge 5% of the amount you transfer. But with us, you can save a lot as exchange rates of our partners are low and they charge nominal fees as compared to many known money transfer companies.
3. Recipient charged for receiving foreign payment: To receive payment from abroad, the recipient is levied an additional amount, but there are many providers that tie-up with local banks to reduce this fees. We transfer your money at your local bank as we have a global network with banks in most countries, thereby reducing your fees considerably.

So, basically the amount of money charged to transfer money from India to Brazil depends on the company you choose. Hence it is advisable to choose a company wisely, that is not just easy and cheap but also transparent in their dealings/transactions so that you know the exact amount you have to pay before initiating the transfer.