![\"Countries-sending-remittances-to-India-billion\"](\"https:\/\/manikarthik.com\/blog\/wp-content\/uploads\/Countries-sending-remittances-to-India-billion.png\" "\\"\\"")
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Here is a list of applications which you can use while sending money to India. I have listed them based on usage, fastness and reliability.<\/span><\/p>\n Wise<\/a> is a service that someone opts for a lower charges for money transfers. <\/span><\/p>\n What I like about Wise mobile transfer :<\/strong><\/p>\n 1.\u00a0When sending money to India, the transfer fee is just 0.7%<\/span><\/p>\n 2.Delivery time is 1 working day<\/span><\/p>\n 3. No additional bank fees<\/span><\/p>\n 4. Minimum payment is upto $2.65 and maximum is up to $1.33 million<\/span><\/p>\n 5. Wise has assemblage of most easy-to-use web and mobile design, competitive fees and fast delivery times.<\/span><\/p>\n What I don’t like about Wise<\/strong><\/p>\n 1. There are scenarios where credit card may not be approved<\/span><\/p>\n 2. Additional documentations are sometimes needed<\/span><\/p>\n 3. Transfers are may be delayed at times<\/span><\/p>\n Compatibility<\/strong><\/p>\n Available in IOS and Android.\u00a0<\/span>Click here<\/span><\/a> to download Wise app from app store and for google play <\/span>click here<\/span><\/a>.<\/span><\/p>\n Wise is a service provider that offer fair service fee which means there are no hidden charges. For example, you are planning to transfer $500 to India. It will cost around 0.9% per transaction without any hidden charges in the exchange rates. Whereas with Money gram, you choose to transfer $500, the transfer fee itself would be $4 for bank account and $7.99 for card transfer. <\/span><\/p>\n If you are looking for a service that offers a lower fee and faster service, you should opt for Wise.<\/span><\/p>\n Xoom is considered and used by many NRI\u2019s<\/a> as the quickest and reliable means of money transfer. It is secure, fast \u00a0and operates 365 days and have cheap transfer rates of almost $2.99 for bank account transfers and $4.99 for debit and credit card transfers (no fee when transferring more than $1,000).<\/span><\/p>\n What I like about Xoom Mobile transfer:<\/strong><\/p>\n 1. Fast transfers especially when the amount is transferred during Indian Banking hours.<\/span><\/p>\n 2.It has great mobile app that is user friendly and simple<\/span><\/p>\n 3.Tracking down the transfers are pretty easy.<\/span><\/p>\n 4.There is referral benefit plan that offers $25 e- gift card<\/span><\/p>\n 5.Xoom customer service lines are available 24\/7<\/span><\/p>\n 6.Instant deposit available to Punjab National Bank<\/a> and HDFC.<\/span><\/p>\n 7.In short, among the international transfer options, Xoom provides a plethora of delivery options that too at a very low price.<\/span><\/p>\n 8.The uniqueness of the app is the quick send option \u201cone tap and one swipe\u201d technique.<\/span><\/p>\n What I Don’t like about Xoom:<\/strong><\/p>\n 1.There is a limit to the money that can be transferred daily, monthly, six monthly which is set according to your account level.<\/span><\/p>\n 2.There are few hidden conversion fees of $6.99<\/span><\/p>\n Compatibility<\/strong><\/p>\n Available in iOS and Android.\u00a0<\/span>Click here<\/span><\/a> to download the Xoom App from the AppStore and for Google Play<\/span> click here <\/span><\/a><\/p>\n Remitly is an American digital money transfer service. Initially, Remitly focussed on sending money to Philippines and later in early 2015, the company expanded its money transfer service to India. <\/span><\/p>\n What I like about Remitly mobile transfer:<\/strong><\/p>\n 1. $3.99 for transfers up to $1,000, no fee for transfers above $1,000<\/span><\/p>\n 2. For economic rates – the transaction takes 3 business days whereas the express rates are instant.<\/span><\/p>\n 3. Instant transfers supported with many major Indian banks, including ICICI Bank, Citibank, State Bank of India, Axis Bank and HDFC Bank<\/a><\/span><\/p>\n 4. The new customer receives $40 Amazon gift card if they transfer $1000 for about 4 times.<\/span><\/p>\n 5.Offers free text message notification<\/span><\/p>\n 6. Also has free tracking tools.<\/span><\/p>\n What I don’t like about Remitly<\/strong><\/p>\n 1. It deducts hidden currency conversion cost of $13.<\/span><\/p>\n Compatibility<\/strong><\/p>\n Available in IOS and Android.\u00a0<\/span>Click here<\/span><\/a> to download the Remitly app from app store and for google play store<\/span> click here<\/span><\/a><\/p>\n Xoom is very popular for the fast transfer and good services. Even though the FX rates for Xoom is slightly higher than Remitly, people don\u2019t mind paying them more. One of the \u00a0best feature is the advance notification and lock in of the exact money to be transferred based on the amount you will enter or are planning to send ( locked-in exchange rates ).Whereas the main aim of Remitly is to focus on Mobile first approach and create products and solutions around that. <\/span><\/p>\n The biggest market player for money transfer is Money Gram. It is noticed that every day thousands of people transfer money through moneygram.<\/span><\/p>\n What I like about Moneygram mobile transfer:<\/strong><\/p>\n 1. Money gram is a very secured and reliable source.<\/span><\/p>\n 2. This was established more than 70 years ago.<\/span><\/p>\n 3. Same day transfers and most transfers are finalized within 10 minutes.<\/span><\/p>\n 4. You may as well add personal notes and mark your amount as gift or for a particular purpose.<\/span><\/p>\n What I don’t like about Moneygram money transfer<\/strong><\/p>\n 1. The fees is considerably higher. For the transfer of $1000 from USA to India would cost you about $10 for credit or debit transfer.<\/span><\/p>\n 2. The conversion fee is also higher which is about $10<\/span><\/p>\n 3. The limit for money transfer is fairly lower – $2500<\/span><\/p>\n Compatibility<\/strong><\/p>\n Available in IOS and Android.\u00a0<\/span>Click here<\/span><\/a> to download moneygram app from app store and for google play <\/span>click here<\/span><\/a>.<\/span><\/p>\n Xpress Money – Global money transfer is a good medium for transferring money to India. Even though the service is very limited to other international countries.<\/span><\/p>\n What I like about Xpress money mobile transfer<\/strong><\/p>\n 1. You can find your agent using the country code and zip code<\/span><\/p>\n 2. Xpress money also helps in getting competitive exchange rates, calculate fee and estimate your total transfer amount<\/span><\/p>\n 3. You might as well track your transfer with the 16 digit X-Pin number<\/span><\/p>\n What I don’t like about Xpress Money<\/strong><\/p>\n 1. It is comparatively slower than other mobile applications<\/span><\/p>\n 2. The transfer fee is almost $13.<\/span><\/p>\n Compatibility<\/strong><\/p>\n Available in IOS and Android.\u00a0<\/span>Click here<\/span><\/a> to download the Xpress Money app from appstore and for google play <\/span>click here<\/span><\/a>.<\/span><\/p>\n Western Union Money Transfer is the most oldest and biggest money transfer company and it has an extensive physical network.<\/span><\/p>\n What I like about the Western Union Mobile transfer:<\/strong><\/p>\n 1. You can track money transfer through mobile device like Iphone, Ipad and Android devices.<\/span><\/p>\n 2. Figure out the estimate for the transaction before sending the money<\/span><\/p>\n 3. You also have option to view the past and current transcations in your applications.<\/span><\/p>\n 4. Secure and user friendly application<\/span><\/p>\n \u00a0What I don’t like about Western Union money Transfer<\/strong><\/p>\n 1. Maximum limit upto which you can transfer money in western union money transfer is upto $2,999.<\/span><\/p>\n Compatibility<\/strong><\/p>\n Available in IOS and Android.\u00a0<\/span>Click here<\/span><\/a> to download western union money transfer app from app store and for google play store <\/span>click here<\/span><\/a>.<\/span><\/p>\n The transaction fees for a money transfer can be steep or cheap based on the long list of factors. A form of payment used, how fast the money is delivered, whether it is paid in cash or wired to a bank, where it\u2019s sent from and where it is delivered are a few among the list. For international transfers, the exchange rates adds another element of uncertainty to the cost.<\/span><\/p>\n For example, in the case of Western Union Money Transfer you decide to send $500 to India choosing Delivery at agent location as the payment method. The estimated cost for this transaction would be :<\/span><\/p>\n 1. Pay with debit\/ credit card – $8 & instant transfer<\/span><\/p>\n 2. Western Union Pay – $5 & money transferred within 3 days<\/span><\/p>\n 3. Pay with Bank account – $5 & transfer within 4 business days.<\/span><\/p>\n Whereas you choose to deposit the money in the recipient’s bank account, the fee is nil no matter what the payment mode is.<\/span><\/p>\n This is not the case with Moneygram and that is one of the reasons why it is considered as the biggest rival to Western Union Money Transfer. The rates for sending $500 via bank and card transfer is $4 & $7.99 respectively. The delivery time is comparatively lesser. It takes only 3 hours to one day for the transaction to complete.\u00a0<\/span>Hence, I would suggest Moneygram if you are in a dilemma to choose between WU and Moneygram.<\/span><\/p>\n1. Wise<\/a><\/span><\/h2>\n
Moneygram v\/s Wise – Which is better?<\/span><\/h3>\n
2. Xoom<\/a><\/span><\/h2>\n
3. Remitly<\/a><\/span><\/h2>\n
Why is Xoom preferred more over Remitly?<\/span><\/h3>\n
4. Moneygram<\/a><\/span><\/h2>\n
5. Xpress Money <\/a><\/span><\/h2>\n
6. Western Union Money Transfer<\/a><\/span><\/h2>\n
Western Union Money Transfer v\/s\u00a0Moneygram – Which is better?<\/span><\/h2>\n
7. ICICI Money2India<\/a><\/span><\/h2>\n