Different ways of money transfer from USA to India
Whether you want to send money to your loved ones or transfer funds to India to manage finances, you can send money to India in many ways. Below are some of the ways of money transfer from the USA to India.
1. Money transfer companies
Money transfer services like Money2India, offered by a trusted brand like ICICI Bank, helps NRI customers to make money transfers from any bank in the USA to any bank in India. Money2India offers a fast, secure and online way of sending money and comes with benefits like low transfer fees, better exchange rates as compared to other modes of transfers, and excellent customer service. The entire process of money transfer is completely online and best suited for NRIs working in USA.
2. Wire transfers
Wire transfers are done via the SWIFT network by using a SWIFT code. The costs associated with sending money can soar because of the numerous processes and third parties involved. It might be necessary to use intermediaries to complete the transfer if your bank has no financial connection to overseas banks. Due to this, SWIFT transactions rarely arrive in less than 24 hours, and unless specifically specified by your bank, you can typically anticipate a bank wire transfer to arrive in 1 to 3 days. If you want the best deal on exchange rates, fees, and speed for your next transfer, try Money2India for sending money back home to your loved ones.
3. Cashier’s checks, money orders, and bank drafts
You can buy these options through your bank. With money orders, cashier’s checks, and bank drafts, you buy the amount you want to send in rupees to India. While the options are economical, they are also time-consuming.
While there are many options available, you can try Money2India by ICICI Bank to fulfill your money transfer needs.