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    • Money Transfer Basic Additional Methods for India
    iKobo - Secure way to transfer money.

    Following are the  method for  sending money Overseas (including Asia ).

    1. Internet Transfers

    The fast, convenient and affordable way to send money to Asia. With just a credit card or debit card or using a ACH transaction from your US account you can send checks to any postal address in parts of Asia. Other options such as bank, wire transfers, or standard mail take too long, are very expensive, or just plain inconvenient.


    Platform:   XOOM Network 

    Since most of the Internet Transfers Providers use similar platform. Exchange Rate offered and the Transaction Fee charged should be considered while choosing a provider.

    2. Wire Transfer

    It is the most popular way to transfer money worldwide. Most of the banks in USA have this service available. You can transfer your fund directly to any foreign bank account. It is a quick and easy service. Contact your bank for further details. Wire transfer service charges vary from bank to bank. Shop around with different banks to get the best deal.


    3. Xoom.com

    Xoom.com is an online-to-offline instant money transfer service. It offers a secure, fast, and inexpensive means of sending money from USA to India. Recipients do not require a bank account or an Internet connection to receive funds. All money transfers made from USA are available for pick up in cash in India within minutes of the online transaction. Xoom is partnered with Paypal, one of the leading transaction processors in the world, and local distribution partners in India who handle the cash disbursement.

    4. Personal Checks

    Personal Checks are your usual checks against your checking/saving account with any US Bank.

    It takes lot of time in clearance. Few Indian banks do not charge a service fee. It is better to send them through a reliable mailing service.


    5. Cashier's Check or Money Order

    This can be done at any local Bank.

    It may involve service charge and some delay to encash out side USA.

    6. Bank Draft in $'s

    Usually, a $10 service fee (in a US Bank) is involved. Ask your nearest bank for more details.

    7. Money Orders

    Most banks accept these money orders and can pay in equivalent Indian rupees. This is one good, safe, inexpensive, and fast method, as in this case if it gets lost, full money with a very little deduction is recoverable. Service charge is of 50-99 cents, depending where you are in USA.

    8. Western Union ( Create a Western Union account )

    This organization provides services to send and receive funds around the world. They have agents located throughout the world. Sending money through them is also fast. Charges depends on the amount and the country.

    Tips
    • In case of Internet Transfers, Exchange Rate offered and the Transaction Fee charged should be considered while choosing a provider.
    • All aforementioned have different ways of operations, time limit and criteria. Choose and decide the best suitable service for you.
    • If it is a Money order/Draft make a copy of it and keep safely, till it reaches to the destination.
    • Always get proper receipts of whatever media you choose for money transfer.
    • Follow up with the bank or agency, in case of any delay.