There are several ways to send money from USA to India, including Money transfer apps, Bank transfers, and online Platforms like PayPal, but why not choose the money transfer apps that give the best rates while sending money to India? Here at money transfers, our ambition is to let you know about the latest money transfer apps and their latest and all-time promotions. In this article, we will cover all the best money-transferring methods for you so you’ll send money back to your loved ones at great exchange rates!
Money transfer gives the best rates for India:
There are several ways to send money from the United States to India, like online Money transfer apps, Bank transfers, online Platforms like PayPal, and offline cash pick-up transfers, but generally, online Money transfer apps give the best rate. These are:
XE:
XE always has a few cents higher rate than its competitor. If we see today, 12/19/2022, we find the XE is giving 82.868 by transferring $1000. If you are an existing XE user, you are still getting a better rate plus, if you promote others (others can do a quick sign-up because XE has a better rate), then you can earn a $25 XE referral bonus. Also, if you are a new customer, then you can claim an additional $25 XE sign-up bonus. So it is an extra $25 benefit you are getting. You can read the XE promotions article if you want to get more advantages. Click here to find live XE rates.
Here is how to get XE sign-up bonus:
- Follow this link to create an account.
- Fill out your profile.
- Make a transfer of at least $2,000 or more.
- A $25 Amazon voucher will be sent to you within seven days.
Instarem
Instarem is also a great option when it comes to money transfers from USA to India. It has excellent exchange rates and has great exchange rate. Our team found out it gives 82.1481 on a $1000 transfer, which is quite a good exchange rate you can get considering other money-transferring apps. One more commendable thing about Instarem is they can complete your money transfer in 1-2 business days. It is faster than most other money transfer services. As a sign-up bonus, Instarem gives 25 Instapoints. You can earn 200 more points by referring it to a friend. The points are transferred into money and added to your balance once you receive them.
To get a signup bonus, make sure to follow these steps:
- After sign-up, make a transfer of a minimum of $1000.
- Use coupon code SAVE once you’re ready to transfer an amount to the recipient.
- Then click on Send money.
Remitly
Remitly is also a popular option for sending remittances internationally. When it comes to sending money to India, it is being trusted by thousands of NRIs primarily due to its huge limit of transactions (up to $30k) in a single transfer. Remitly gives an exchange rate of 82.16 and charges you an extra $3.99 if the transferred amount is less than $1000. However, if you opt for express delivery, which is astonishingly fast (gets received within minutes of sending), then Remitly will give you an exchange rate of rupees 81.46 while keeping the charging rate of $3.99 the same if it is less than $1000.
Wise
Wise is a fast and secure online money-transferring system. If you send $1000 from Wise, it will deduct $9.56 as a fee while giving you the true exchange rate. So that way, it is fairly reasonable and cheap when the market is stable. Also, there is an exciting all-time offer using Wise, which is: You get a $115 bonus when 3 people sign up using your referral link and send money abroad ($300 or more). You can easily get this huge bonus amount by following this link.
PandaRemit
Panda is a relatively new money transfer app. It is one of the cheap and fast ways to send money from USA to India. Its transfer rate is equivalent to 82878.1 on a $1000 transfer which is quite impressive when compared to existing money-transferring apps. If you sign up using this link, you can earn up to $5 on your first transaction. (Offer valid till 31st December).
Things to Consider While Choosing a Money Transferring Method:
It’s important to compare fees and exchange rates before deciding on a method, as these can vary significantly. Some options may also have restrictions on the amount of money that can be transferred or the countries they can be sent to. So you should read between the lines before finalizing any money method so you can get the best out there possible!
Here are a few most frequently used options:
Bank transfer: You can transfer money from your bank account in the US to a bank account in
India. This is typically done through an online banking platform or by visiting a bank branch.
Money transfer services: Companies like Western Union and MoneyGram offer international money transfer services. You can visit a location in the US to send money or use their online or mobile app to do so.
Online payment platforms: Platforms like PayPal, Venmo, and Google Pay allow you to send money internationally through their app or website.
Prepaid debit cards: Some prepaid debit cards, such as the American Express Serve Card, allow you to transfer funds internationally.
Conclusion:
Every penny matters, so why not choose the best money-transferring method, which is fast, simple, reliable, and above all, it has great exchange rates? Our team fetched the finest money-transferring apps for you so you can choose what suits you the most among them.