London is the financial capital of the world - home to all things finance (including money transfer services.)
The United Kingdom is home to many leading money transfer companies offering competitive pricing to send money across international borders. If you are looking for ways to send money to Pakistan from the UK, there are many options, whether you want to send money in cash or make a direct bank deposit at one of the major banks in Pakistan.
But there is no size fits all. While your local banks may offer convenience because they are often the first option available to send money to Pakistan, online money transfers offer better exchange rates, lower fees, speed, and a variety of payment options (bank account transfer, credit card, or debit card) and delivery methods (bank account, mobile wallet, cash-pickup, home delivery, etc.)
The best approach is to compare your options and decide the best one for your transfer needs.
Sounds confusing? We got you! Simply compare the offers from top money transfer service providers on CompareRemit.com and choose the option that is best suited to your needs.
Remittances sent home by overseas Pakistanis constitute the single largest source of foreign currency for the country ahead of export. Remittances consistently finance the country's trade deficit and contribute to forex reserves.
Pakistan is on track to receive a record $32 billion in remittances in the current fiscal year 2021-22. Pakistani overseas remittances surged to $15.8 billion during July-December, 11.3% more compared to the remittance received during the same period the previous fiscal year, according to the State Bank of Pakistan (SBP).
Pakistan received $29.4 billion in remittances during the financial year 2020-21 compared to $23 billion remittances received in 2019-20.
Major countries sending remittances to Pakistan are Saudi Arabia, United Arab Emirates (UAE), the United States, and the United Kingdom.
Cross-border currency transfers require you to exchange one currency for another. The exchange rate is the value of one currency to another, such as GBP to PKR today. The higher the exchange rate, the more Pakistani rupees your recipient gets for your pounds.
Exchange rates offered by various many transfer companies vary. Always compare the exchange rates provided by multiple money transfer companies. Set alerts for your preferred GBP/PKR exchange rate on CompareRemit.
Exchange rates markups and transfer fees are the two main costs while sending money internationally. Some may charge a flat fee or a percentage of your transfer amount.
Banks tend to charge more and may have correspondent bank fees or other hidden charges that can cost you more money than you anticipated. Go for transfer providers with upfront fees and competitive exchange rates. The transfer fees will vary depending on the mode of your payment, transfer speed, delivery method, etc.
Faster transfers will come with a higher cost. A case in point is that instant cash pickups are more expensive than transfers to a bank account, which can take a few days for the money to get deposited. Transfers funded by credit cards are quicker but may charge more. So if you are not in a rush, look for a cheaper option when comparing the offers from the various money transfer providers.
Azimo is an online remittance service provider headquartered in Amsterdam, Netherlands. The service is available in Europe, Canada, Australia for instant or one-hour money transfers to 80+ countries. Your first two transfers have zero fees.
With Azimo, you can make a bank transfer to an account in any major bank in Pakistan using their website or mobile app. Or opt for cash pick-up at one of 6,500 pick-up locations. Instant mobile wallet transfer is also available.
Payment can be made with a bank account, credit card, or debit card. If you pay with a credit card or debit card, the money transfer will be done in minutes.
The exchange rate that they offer can be locked in advance. The marked-up can range between 0.05% and 2.50% of the transfer value. And the transfer fees can be either fixed or a percentage depending on the currencies and the pay-in and pay-out method.
Azimo is a cheaper and faster way to transfer funds from the U.K. to Pakistan.
PassTo is a cheap and quick way to send money to over 60 countries worldwide from the UK. They offer an easy-to-use, secure platform that only takes a few minutes to download and sign-up for.
Some of PassTo’s benefits include:
Send money from the UK with PassTo today!
Skrill Money Transfer
Skrill is one of the cheapest options to send money to a bank account in Pakistan. With Skrill, you can send money to a bank account for free, either from its website or mobile app.
You can pay with a bank transfer (direct ACH) or debit or credit card. Payment via credit card will come with a fee. The money arrives in minutes.
Your recipient won't be charged with any fee for receiving the money you sent. They also have an excellent referral program.
Skrill also offers cryptocurrency exchange services. Sign up for an account and start sending money at the cheapest cost.
You can transfer an unlimited amount to Pakistan with Xe money transfer.
Xe is an online international money transfer provider that allows you to make wire payments via their website and mobile app. You only need to provide your recipient's name, address, bank name, account number, and SWIFT code. The money gets deposited into your recipient account in 24 hours or less.
You only pay a small margin on the exchange rates and third-party charges. Sign up with Xe to get a real-time exchange rate quote.
Your transfer can be funded by your bank account, debit, or credit card.
Wise is a London-based online and mobile payment service. It provides one of the cheapest ways to transfer money online to Pakistan from the U.K.
With Wise, you get the mid-market exchange rate and no markups, along with upfront fees. However, your recipient will need to have a bank account to receive your money.
Transfer funded by the bank is cheaper but slower. Faster transfer (in minutes) is available for payment via credit card or debit card. You can also pay via SWIFT (Society for Worldwide Interbank Financial Telecommunications) or PISP (Payment Initiation Service Provider). The SWIFT method will take longer and be more expensive as there will be a bank fee and sometimes correspondent banks fees.
Remitly is a leading digital remittance service provider that provides faster, affordable, and efficient money transfer services.
You can transfer to more than 35 banks like Bank Alfalah, UBL MCB, Habib bank or send cash for pick-up at 9,000+ locations in Pakistan.
There are no fees when you send GBP 200 or more. You are allowed to send as little as GBP 2.99 and the sending limit can be increased on request.
Remitly provides competitive pricing so that you get low transfer fees and great exchange rates for your transfers. Send online on their website or via their app for a bank deposit or cash pick-up for your loved ones in Pakistan.
Normally, it takes 3-5 business days for the money to reach your recipient in Pakistan. If you are in a rush, pay via debit card or credit card that will get your money delivered within a few hours, if not minutes.
WorldRemit, an online money transfer service, is one of the cheapest and fastest ways to send money to Pakistan from the U.K. 90%, and more of the transfers get delivered in minutes.
With WorldRemit, you have many options: bank account transfer, cash-pickup, airtime top, and mobile money networks. Bank transfers are completed on the same day, while cash-pickup is the fastest method, with delivery done in 3 minutes.
Money transfers from the UK to Pakistan can conveniently be done on their website or mobile app conveniently.
WorldRemit charges a fixed fee which is convenient when sending a larger sum of money on top of getting better exchange rates.
Sometimes, you may be asked to verification and check your name and address or even the purpose of your transfer if needed. It is part of their regulatory obligations.
In conclusion, the Pakistani economy has received critical support and help through a consistent upward remittances trend. The sustained inflows have been the consequence of the government's efforts to incentivize the use of formal payment channels, and altruistic transfers to Pakistan amid the global pandemic.
That said, online money transfer providers are generally the cheapest options available in the market. These providers are safe and are well regulated by the financial authorities. They are a better choice than a direct transfer from your bank account in the U.K. because banks have high fees, hidden charges, and slow delivery time.
It is important to compare these money transfer specialists side by side on fees, exchange rates, the amount receivable by the recipient, transfer speeds to get the best deal so that you save more money and your recipient gets more rupees for your pounds.
Whether you're sending funds to a family member in a different city, paying bills, or even assisting a friend in an emergency, the ability to send money efficiently is crucial.One popular and convenient option is the Walmart2Walmart money transfer service, which offers a low-cost, fast, and reliable way to send money across the U.S., including Puerto Rico and Mexico.In this guide, we'll explore how to use Walmart2Walmart money transfer powered by Ria money transfer, Western Union, and MoneyGram, all available through Walmart.We'll also cover how it works, the fees involved, and tips on getting the best deal possible and making a smooth transfer when using Walmart's money transfer services.What is Walmart2Walmart Money Transfer Service?Walmart2Walmart powered by Ria, is a person-to-person payment transfer service available through Walmart, one of the world's largest retail chains.Ria Financial Services which is a global money transfer company has partnered with the world's largest retailer to facilitate all Walmart2Walmart money transfers.It allows customers to send money from any Walmart store in the United States to any Walmart locations across the U.S., Puerto Rico, and Mexico.The money transfer service was launched in 2014 to serve the unbanked population in the US. As of 2021, an estimated 4.5% of the U.S. population which is approximately 5.9 million were 'unbanked'.How Does Walmart2Walmart Money Transfer Work?The way Walmart to Walmart money transfer works is you have to visit any local Walmart store near you and initiate your transaction with the help of a store associate.You fund your transfer money using your debit or credit card. Once Walmart receives your money, it will take just a few minutes for the money to be available for the recipient to receive.Then to collect the funds, your friend or family member can visit one of any 4,500 Walmart stores in the U.S. and Puerto Rico or any of the 2,500 Bodega Aurrera or Walmart locations in the U.S. and Mexico to pick up the cash you sent.Alternatively, you can skip the line at the local Walmart store and use Ria's website or the Walmart2Walmart app to make money transfers even more convenient.And if you already have a digital Ria account, you don't need to create a new account to use the app. You can use your Ria credentials to start using the Walmart2Walmart app.What are Walmart2Walmart Fees?The Walmart2Walmart fees are straightforward and affordable. However, fees may vary depending on the transfer amount and receiving location. Check the exact fees before you make the transfer.Fees start at $4 for up to $50 transfer, $8 for transfers of $51-1,000, and range up to $16 for $1,000 to $2,500 transfers.Walmart to Walmart Transfer Limit and Transfer HoursThe Walmart2Walmart money transfers have a daily limit of $2,500 per person.The Walmart2Walmart money transfer hours are open from 8 a.m. to 8 p.m. Monday through Saturday, and 10 a.m. to 6 p.m. on Sunday.Do note that MoneyCenters open and close much earlier than Walmart store standard hours.How To Transfer Money Using Walmart2Walmart Using at a Walmart Store?Sending money using Walmart2Walmart in person at a store is quick and easy. Follow the following step-by-step guide to send money in Walmart stores:Step 1: Visit a Walmart StoreTo initiate a Walmart-to-Walmart money transfer, you'll need to visit a store near you. Be sure to bring a valid photo ID, such as a driver's license or passport, with you.The following IDs are accepted at Walmart:U.S. Driver's License, including Puerto RicoState ID, including Puerto RicoUnited States PassportInternational PassportMilitary IDU.S. Permanent Resident CardTribal IDMexican Matricula ConsularStep 2: Locate the Service DeskOnce inside the store, make your way to the Walmart Money Services Counter or the Customer Service Desk. Inform the store associate that you want to use Walmart2Walmart to send money. This is where you'll find the necessary forms and assistance to complete the transaction.Step 3: Provide Necessary InformationYou'll need to provide the following information to the Walmart associate:Your name and contact information.The recipient's name and contact information.The amount you wish to send.The location of the Walmart store where the recipient will pick up the money.Step 4: Pay for the TransferAfter providing the required information, you'll need to pay for the money transfer, including the service fee. Walmart offers transparent pricing, so you'll know the exact cost upfront. You can pay for your transfer with cash in US Dollars, or with a debit card or credit card.Step 5: Receive a Reference NumberOnce the transaction is complete, you'll receive a reference number. Be sure to keep this number safe, as the recipient needs to pick up the money.Step 6: Share the Reference Number with the RecipientShare the reference number and transfer details with the recipient, as they will need this information to collect the funds.Step 7: Confirm ReceiptOnce the recipient has picked up the money, you should confirm with them that the transfer is complete.That's it! You've successfully sent money using Walmart to Walmart.The money will be transferred to your recipient as early as 10 minutes for pickup if everything goes smoothly.If you are visiting the store for shopping and other needs, using the money transfer services while you are at the store can be a convenient option.How to Send Money Online Using the Walmart2Walmart?You can either use the Walmart2Walmart app or Ria's website to send money online.Create a new account or use your existing Ria credentials to log into the Walmart2Walmart mobile app.Add the recipient's full name, country, and state. Or choose an existing recipient, the one to whom you have sent money before.Choose a delivery option: cash pickup, mobile wallet, bank account deposit, or even home delivery (depending on the location)Enter the transfer amount. (Total cost including the transfer fee will be shown upfront)Pay for the transfer using cash in US Dollars, or enter a bank account or debit or credit card details.Walmart will take care of the rest.How to Receive Money Sent Through Walmart2Walmart?To receive the money transferred through Walmart2Walmart:Visit any Walmart or Bodega Aurrera storeGo to the Walmart Money Services Center or customer service deskShow a valid IDIf you received a barcode, provide it to the store associateCollect the cash from the associateThe transfer process is completed within 10 minutes from the moment the sender initiates the money transfer.The recipient has up to 60 days from the date of the transaction to collect the money. As per the Walmart return policy, the money transferred is returned to the sender if the money is not collected within the 60-day limit.If the sender opts to send money to your bank account or mobile wallet, you just have to wait for the money to get deposited.How to Track Your Walmart2Walmart Money Transfer?There are several ways to track your Walmart2Walmart money transfer:Track at your local Walmart MoneyCenter. The associate can track with the help of the sender's tracking number or order number.Track through the Walmart2Walmart mobile app using the tracking number. Click the Track link at the bottom of the screen to see the status of your transfer.Online at the Ria "Track a Transfer" section using the tracking numberCall the Ria customer support team (1-855-355-2144 or 1-877-443-1399)Send an email to [email protected] Money With MoneyGram and Western Union Through WalmartWalmart has also partnered with money transfer incumbents such as MoneyGram and Western Union to make money transfer more convenient both domestically and internationally.MoneyGramYou can send money from a Walmart store for cash pickup safely at a MoneyGram location anywhere in the US and Puerto Rico. MoneyGram also offers international money transfers through Walmart. The money you send with Walmart can be collected at any MoneyGram location across 200 countries worldwide. You also have to option to transfer via a bank account deposit, mobile wallet, and card payments where available.You can also pick up or receive money sent from any Western Union, Ria, or Moneygram agent location within the U.S. by going to your local Walmart with the reference or MTCN number provided by the sender.Western UnionSend money from a Walmart store for pickup at one of hundreds of thousands of Western Union agent locations throughout the US and Puerto Rico. The money is typically available within minutes for collection. For international money transfers, visit any Walmart store for cash pickup at a Western Union agent location in over 200 countries. The money can also be deposited to a bank account, cards, and mobile wallets (availability of delivery options can vary by destination country).Benefits of Using Walmart to Walmart Money TransferWalmart2Walmart offers seamless domestic money transfers within the US, Puerto Rico, and Mexico with the following benefits:Simplicity: Whether you visit a store or use the Walmart2Walmart mobile app, sending money is effortlessly straightforward.Speed: Transactions through Walmart to Walmart are typically processed quickly, allowing your recipient to access the funds promptly.Convenience: With over 4,500 Walmart locations across the US, finding a location to send or receive money is relatively easy.Widespread Access: Recipients can collect funds at over 4,500 Walmart branches in the US and Puerto Rico or over 2,500 Bodega Aurrera and Walmart locations in Mexico, ensuring easy access to their money.Security: Walmart2Walmart, powered by Ria, boasts a strong track record in domestic and international money transfers, guaranteeing the safety of your funds and personal informationLow Cost: Walmart offers competitive pricing for its money transfer service, making it an affordable choice for most customers.Tips for a Smooth Walmart-to-Walmart Money TransferTo ensure a seamless experience when using the Walmart to Walmart money transfer service, consider the following tips:Double-Check Information: Ensure all the details you provide, such as recipient information and the destination Walmart store, are accurate.Understand Fees: Familiarize yourself with the service fees associated with your chosen transfer option (Ria, Western Union, or MoneyGram).Keep Receipts: Retain all transaction receipts, including the reference number, until you confirm that the recipient has received the funds.Plan Ahead: Keep in mind that transactions may take a little time, so plan accordingly, especially if the recipient needs the funds urgently.Use Secure Channels: Only share the reference number with the intended recipient and ensure they are aware of the importance of keeping it confidential.Ask for Assistance: If you have any questions or encounter issues during the process, don't hesitate to ask Walmart associates for assistance. They are trained to help you with money transfers.Frequently Asked QuestionsCan you do a Walmart-to-Walmart money transfer online?Yes, you can send money through Walmart to Walmart online using their official website or mobile app.How does Walmart to Walmart money transfer work?Walmart to Walmart money transfer is a service that allows you to send money to someone domestically within the U.S., Puerto Rico, or Mexico. You can initiate the transfer by visiting a store and using their Money Services Center, or you can do it online through the Walmart2Walmart website or mobile app. You provide the recipient's name, location, and the amount you wish to send. The recipient can then pick up the funds at a Walmart store or participating location.How much is Walmart to Walmart money transfer?The fees for Walmart-to-Walmart money transfers vary depending on the amount you're sending. Fees start at $4 for up to $50 transfer, $8 for transfers of $51-1,000, and range up to $16 for $1,000 to $2,500 transfers.How to track Walmart to Walmart money transfers?To track a Walmart-to-Walmart money transfer, you can typically use the reference number or order number provided during the transaction. You can inquire about the transfer's status at the store where you initiated the transfer or contact Walmart's customer service for assistance.Can I cancel a Walmart-to-Walmart money transfer?It is possible to cancel a Walmart-to-Walmart money transfer, but the process and eligibility for cancellation may vary depending on the specific circumstances and Walmart's policies. You should contact Walmart's customer service or visit the store where you initiated the transfer as soon as possible to inquire about cancellation options.Is Walmart to Walmart safe?Walmart-to-Walmart money transfers are generally considered safe and secure. The service is powered by Ria, a well-established money transfer company with a strong reputation. However, it's essential to follow best practices for online and in-person money transfers, such as safeguarding your transaction details and only sending money to trusted recipients.ConclusionWhether you're helping out a friend, sending funds to a family member, or taking care of financial obligations, these services offer speed, reliability, and security. By following the simple steps outlined in this guide and considering the tips provided, you can make the most of these options for your money transfer needs. Remember, when it comes to transferring money, convenience and peace of mind are key, and Walmart's partnerships with these trusted providers deliver just that.There are numerous ways to send money internationally. We recommend taking a look at other options at your disposal as well.To find the best exchange rates, lowest fees, and fastest turnaround times for sending money online, check out CompareRemit's online money transfer comparison tool to choose a trusted remittance provider for your transaction today!
When it comes to repatriating large sums of money from India, it puts every NRI in a situation where he has to consider different obligations regarding monetary cross-transfer. Taxation, reliability and transfer timelines are a few things that influence these decisions.Personal finances have to be dealt with delicately and ensured that there is no loss during the due process of remittances. There are various options available in the marketplace today, be it via traditional banking or the modern ways of online transfers.CompareRemit offers a platform that allows you to compare different players in the market and pick the best rates that suit your needs.Repatriation from an NRE AccountAs a component of the liberalization scheme of the Reserve Bank of India, remitting funds from India has become relatively easier. Balances in NRE (Non-Resident External) accounts are freely repatriable. No formalities or requisite permissions are required for remittances abroad be it any amount. Funds in accounts are usually funds deposited from abroad or current income like interest or dividends on investments made through foreign funds.Repatriation from an NRO accountBalances in NRO (Non-Resident Ordinary) accounts are subject to certain conditions. The remittance of USD 1 million per financial year from NRO accounts is allowed subject to certain procedural formalities. NRO account balances include income earned locally or certain capital account transactions. Form 15-CA and 15-CB need to be submitted before a remittance can go through.Read more on difference between NRE and NRO account on CompareRemit.The Traditional Option - BanksThe most sought after choice for remittances to the UK are banks. Banks are the most popular means of transferring money to the UK because:There is a high level of trust owing to the various government regulations.Familiarity and the comfort of knowing the neighborhood-friendly banker.There are two ways one could remit funds using banking services:Online - If your bank has given you access to internet banking and allows repatriation through online instructions.In-Person - One could walk into the bank yourself and have the formalities completed there and then and have the satisfaction of seeing it to its destination with a receipt in your hand.However, it is important to note that INR to GBP/GBP to INR exchange rates may not always be competitive. The transfer fees can be high and the charges, not always transparent.Selection of Remittance Service ProviderShould you want to avoid remitting through banks, approaching a marketplace of money changers would be the next best option. A selection of remittance service providers should be made based on the following:- Transfer chargesSpeed of transferExchange ratesCharges on the conversion of currency (INR to GBP)Freeze option on exchange rate while process requirements are completedFlexibility of payment optionsAlternative Options for Remittance from India to UKWise - UK based transfer service supporters - Wise incorporates credit cards/debit cards, SWIFT, international transfers to bank accounts, domestic wire transfers and more. Wise offers competitive exchange rates for pound to rupee or rupee to pound conversions. It assures fast and low-cost online money transfers from India to the UK.ExTravelMoney - One of the easiest services for transferring funds from India to the UK, they also offer the facility of booking orders online.Western Union - In four easy steps available online and your money is sent from India to the UK. They offer competitive rates and faster transfers as well.Thomas Cook - Provides the best foreign exchange rates besides giving the assurance of secure and timely remittances for specific purposes.BookMyForex - With zero commission and zero charges, they claim to send money from India to the UK at guaranteed lowest exchange rates. The time span for the transfers to be effective is 12 to 48 hours.To select the right money transfer service one should keep the cost and time factors in mind. Convenience at a reasonable cost should be the mantra for selecting a suitable remittance service provider.
For those studying or working abroad, sending money from abroad to relatives and friends in India is an unavoidable daily activity. Thanks to technological advances, it is now possible to send money quickly to family members using a smartphone at a fraction of traditional remittances. Of course, the premise is that you have to choose the appropriate transfer platform. Since exchange rates vary from country to country, plus processing fees, the transfer amount will also vary. This is where panda money comes in. This is one of the best ways to convert dollars to Indian rupees quickly, easily, and securely. This article introduces the advantages of Panda Remit to Indian Rupees in terms of the exchange rate, transfer fees, processing speed, etc. It uses it in combination with UPI, India's most popular payment method.Why Choose Panda Remit to Convert USD to INR?Please note that during the currency exchange process, there will be problems such as exchange rate fluctuations, high transfer fees, headaches in transfer speeds, and inability to receive payments with commonly used local payment methods. Panda Remit stands out in the market precisely because it offers a solution to all the above problems.Exchange Rate and Remittance FeeCompared to banks and most of their competitors, Panda Remit has excellent market rates because it is entirely online and has no physical branches, with lower operating costs. So they try to pass some of the savings on to their customers. Also, on your first order of converting USD to INR with Panda Remit, you will get one of the highest exchange rates in the entire market to help you convert your currency.For new users, Panda Remit's first transaction fee is free. Also, Panda Remit is actively taking, so various promotional discounts are regularly sent to customers.You can easily check the live exchange rate of Panda Remit using the online calculator. Select your country/currency pair and enter your transfer amount; the calculator will show how much your recipient will receive. You can also view applicable exchange rates and fees.Processing SpeedPanda Remit transfer speed depends on the selected payment method and recipient. Typically, transfers are complete within 1-3 business days, and your money reaches the recipient within up to 10 minutes. Panda Remit takes time to verify your information to keep your funds safe, so it takes longer for new users. Delays may also occasionally occur due to bank opening hours and bank holidays.Please ensure you provide all required documentation when submitting your transfer. Missing or incomplete documentation can also delay compliance checks and fraud screening processes.Transfer LimitWith Panda Remit, there is no limit to the amount you can send or the number of transfers.You just need to ensure that your local regulations and legal requirements are met. For example, under the MTSS agreement, a single recipient in India can receive 30 MTSS transfers per year, capped at $2,500 per transfer.Please note that Panda Remit may ask you to provide additional documents to facilitate your remittance. This is to comply with legal regulations and for your safety.Customer ServicePanda Remit provides 7*24 hours of customer service. You can find online customer service in the app when you encounter problems with transfers. You can also contact Panda Remit's customer support team via email or WhatsApp.Payment and Collection MethodsConveniently, Panda Remit supports various payment methods, such as debit cards, ACH bank transfers, and ATM transfers.The method you use to get your recipient to pay is a delivery method or delivery option. Panda Remit supports a variety of delivery methods, including some local methods in some countries. In India, Panda Remit has a fully supported UPI collection, which means you can easily and quickly convert USD to INR just by using your UPI ID.
Download Our Free App
Try our faster, enhanced mobile app for a better experience