13 Ways To Send Money Overseas ( Latest update):-

If you’re on the lookout for a fast, safe& reliable way to transfer money online or offline to a foreign destination take a look at some of the best options listed below.

13 Ways To Send Money Overseas.

1. Western Union:

With over 500,000 agent locations spread across 200 countries & territories across the world, Western Union is the biggest provider of global money transfers.

With Western Union, money transfers can be made in person, online (using their application) & over the phone. The money can also be deposited directly into the recipient’s bank Ac or picked up by him/her in person.

2. PayPal:

If you have a PayPal account you can very easily make payments to your overseas seller. All you will need is their email address. Of course they will also need to have a valid PayPal Account to receive the money that you send them from India.

While it’s absolutely free to send a money using your linked credit or debit cards – a currency conversion fee may apply when you buy overseas.

3. State Bank Of India (SBI):

With over 18,000 branches in the country, the State Bank of India (SBI) is the India’s largest public-sector bank. Foreign exchange services is one of the many and best services it offers its customers.

Indian residents with a valid State Bank of India savings account for more than a year, who have opted for transaction rights in their internet banking account can make online overseas money transfers using SBI’s online portal.

4. PNB International Ltd:

PNBIL also offers foreign exchange services to its customers including the convenience of send money abroad. The bank currently offers 6
Six different types of money transfer services.

PNBIL Ac(account) holders also have the option to transfer the funds online. Alternately they can visit the nearest branch or send a signed request via mail or fax, to deposit the cash & request the transfer.

5. Money2World:

An easy & convenient online outward remittance service offered by ICICI Bank, one of the leading private sector banks in the country for resident Indians. The service allows people to transfer money from India to other parts of the world in sixteen different currencies.

The bank offer customers the option of sending Money in the overseas using a wire transfer, foreign currency demand draft or through their online channel. This facility is also available to the non-ICICI bank account holders also.

6. Union Bank Of India:

UBI (Union Bank of India) is a member of the SWIFT network which facilitates the international transfer of funds. It also has many tie-ups with leading exchanges in the Gulf to enable NRIs to transfer funds back to the home to India with the minimum hassle also.

Outward remittances are allowed under the Liberalised Remittance Scheme upto permissible limits for things like travelling abroad, meeting medical expenses & business travel.

7. RemitNow:

This is a secure online Foreigner Outward Remittance platform initiated by HDFC Bank, a private sector bank, which allows users to transfer money globally from the comfort of their home and office.

The service facilitates an easier & faster transfer of money without the cheques, queues or app letters, anywhere in the world with the exception of countries under the OFAC sanctioned list.

8. Thomas Cook:

Thomas Cook, the well-known tours & travel operator has simplified the process of sending money abroad. All you need to do is walk into any of their branches with the required documents (ID proof and PAN Card) & remit the money online in four easy steps.

You can also request them to get in touch with & send an executive home to guide you through the entire process.

9. UAE Exchange:

This well-known UAE based money exchange allows customers to transfer money through their online portal or application. It uses the SWIFT electronic transfer method to transfer your money within 48 working hours in an easy & secure way to minimize the chances of money loss or theft.

Customers who wants to make money transfer abroad for the purpose of education, visa fees immigration or employment purpose will opt for the Foreign Currency Demand Draft, wherein they deposit the FCDD at banks abroad & get it cleared in all available major currencies.

10. Muthoot Finance:

Muthoot Finance, the financial services company has an RBI-approved Indo-Nepal remittance arrangement with IME & Prabhu Money Transfer – both of whom have a presence in over 20,000 locations in Nepal.

Muthoot Finance is the boasts of branches in over and over of 4,500 locations all over India which can be used by customers to remit money to Nepal.

11. BuyForexOnline:

Those of you who wish to transfer money to your loved ones anywhere in Europe, can now simply send the money online using this website. What’s more if the amount exceeds $2,000 (2,000 dollars), you don’t have to pay anything at all.

With BuyForexOnline, there are no need for a physical interface at all in his/her life. Everything has kept online to enable customer convenience for all, from requesting the money transfer, to uploading the documents for verification to sending your money all the way to Europe.

12. BookMyForex:

This online foreign exchange marketplace offers 2 way to transfer money abroad from India. The 1st involves making a foreign currency demand draft which can be mailed or couriered to the recipient abroad.

This option is preferred for things like college apps, tenders & payment of school things among other things.

The 2nd option is via a direct bank-to-bank wire transfer, where your money will be transferred from your Indian bank Ac to the account for the foreign beneficiary at the best possible exchange rates.

13. Using A Forex Card:

Powered by Visa and MasterCard, multi-currency prepaid forex cards could be preloaded with the amount of foreign currency you need.

Offered by several leading banks these cards work just like a debit card for offline & online purposes, but without the extra 2.5% surcharge levied in case of a credit card or debit card transaction.

This makes them ideal when travelling abroad or they can be given to a family member or loved one who is travelling or staying out of the country. It’s very safe & convenient way to make hassle-free payments in the foreign currency.

13 Ways To Send Money Overseas ( Latest update) 


13 Ways To Send Money Overseas ( Latest update)