Top Legitimate Ways of Sending Money to the USA from India
Top Legitimate Ways of Sending Money to the USA from India
A large number of students and techies from India live in the USA. Family members of such people living abroad may sometimes need to send money. Sending money to the USA is not easy, as you cannot use conventional Indian payment systems to send money to a person in the USA. In the following section, find legitimate options to send money from India to USA.
- Wire Transfer
Wire transfer is the quickest and most convenient way of sending money to the USA. This electronic money transfer system uses a network known as SWIFT (Society for Worldwide Financial Transactions). You can visit the nearest bank to send money through a wire transfer. However, not all banks offer such money transaction services.
The easiest way to send money from India to USA is using IndusForex, a foreign currency exchange portal by the IndusInd Bank. Wire transfer is convenient, as it does not deal in cash transactions. You can send money from your account to the receiver’s account. While money transfer abroad through the private brokers takes 5-7 days, IndusInd’s wire transfer service ensures money transfer in a few hours.
- Foreign Currency Demand Draft
Another legitimate way of sending money to the USA is using a foreign currency demand draft. It would help if you visited the bank that offers such money transfer services. Users must make a prepaid demand draft, sending money to the recipient’s bank account. The foreign currency demand draft is a convenient option to send money from India to USA since it features a marginal fee. However, the process is time-consuming. Since the process is time-consuming, you should avoid it if you want to send money quickly to someone for an emergency purpose.
- Online Money Transfer Services
Nowadays, you can find many online money transfer services which transfer your money to other countries. However, most of these brokers charge hefty transactional costs. Nevertheless, there could be a few hidden charges. The remittance time varies from one provider to another. Security is also a concern when you choose such services to send money from India to USA.
So, these are the three legitimate options to send money from India to USA. Wire transfer is the safest and quickest method of remitting money to an account in the USA. IndusInd Bank is one of the most trusted banks that offer an effortless money transfer service online via IndusForex.
