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Best Ways To Send Money From The US To India

Updated on May 05, 2020 06:31 pm
US to India

When you are sending money from US dollars (USD) to rupees (INR), find the service provider that is offering the highest exchange rate and the lowest transfer fee.

Many new companies and the old players are stepping up to provide the best money transfer service resulting in great offers and rates for the senders. In this blog, we are going to find out the best ways of sending money from the US to India.

Top Recipients

India is the top recipient of remittances in the world, followed by China, Mexico, and the Philippines. In 2019 alone, a whopping $83 billion was sent to India according to the data by the World Bank.

Related Article: Repatriating to India? This Is What You Should Know 

Remittance is a lifeline of many households and is one of the highest foreign exchange earners for a country like India. Remittance is part of the United Nations’ Sustainable Development Goals (SDG) to reduce inequality within and among countries. The goal to reduce the transaction costs of remittances to less than 3% and eliminate remittance corridors with costs higher than 5% by 2030. Currently, the cost of sending money to India from the United States is less than 3%, which is within the goal of SDG. 

With close to 3 million strong NRI population in the United States, a huge percentage of this money originates from the United States. The success could be attributed to high competition amongst the remittance service providers due to the high volume of remittances and adoption of technology. 

Sending money online from the US to India is the fastest, cheapest, and safest way of sending money.

Factors Affecting International Money Transfers

Before we go deeper into the list of  the top money transfer companies, it is important to understand the factors that affect international money transfers and compare:

  • Exchange Rate: Keep an eye out for USD to INR. A difference of a few cents can make a huge difference in Indian rupees when you are sending money. Subscribe to CompareRemit’s exchange rate alerts to be notified only when the USD/INR reaches your desired rate.
  • Fee: There are many ways a fee can be levied to facilitate your transfer; Transfer fee, hidden fees, exchange rate conversion fees. Make sure you compare fees charged by top money transfer service before sending money.
  • Speed: The speed of transfer will impact the cost and is a key element you should consider, especially for emergency situations. Compare and save on every transfer.

Best Ways to Send Money from the US to India

Taking all these factors into consideration, choosing the right transfer service can be a confusing task. With that in mind, we have compiled a list of the best online money transfer services:

  • Xe: Xe is one of the leading money transfer services allowing you to send money internationally completely safe and secure. They also offer some of the best rates and low, transparent fees on transactions.
  • Wise: Wise, previously known as TransferWise, offers transparent transaction times, low fees, and special promotions for first time users. Send your money to hundreds of countries worldwide!
  • Xoom: As a part of PayPal services, Xoom ranks high on the credibility index. PayPal is one of the pioneers of digital payments and is known for its reliability and efficiency. PayPal standard services already offer international transfers through its digital wallet facilities which can be inconvenient for some. However, Xoom is a product that gets rid of this hassle and makes it more convenient for its users by incorporating a cash pick up options and direct bank transfer.
  • Western Union: Western Union is a name synonymous with money transfer. They have been the leader in providing money transfer services to the remotest areas of the globe. Over the years, they have only improved in their quality of service despite fierce competition from other financial institutions that provide similar services. It is one of the safest and most reliable ways to send money internationally, even if it might not be the fastest.
  • Remitly: Remitly is another popular remittance company that prides itself on its quick service and dedication to customer satisfaction. A dedicated mobile app ensures that their services are easily available to you anytime along with 24-hour support and a 100% money-back guarantee. They charge 3.99 for transfers up to $999 whereas there are no fees for transfers of $1000 or more.
  • State Bank of India (California): SBIC is one of the most reliable financial institutions that you can use for transferring money to India. With a widespread network of branches in every corner of India, its award-winning remittance service comes highly recommended. Its status as a full-service bank comes with many perks that are, otherwise, unavailable to many of the remittance companies. It is a one-stop solution for all your banking and remittance needs with seamless mobile integration and customer service.
  • WorldRemit: WorldRemit is another international money transfer service that is popular for its wide range of delivery options. Options include bank account transfer (some countries), cash pickup, airtime top-up, and mobile wallet. Transfers are quick and they have a wide presence in over 50 countries.

If you're sending money in India from the US, start with our comparison tool to discover your provider options and to pick the best one for your individual needs and budget. Compare exchange rates, fees, and more today! 

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USD to Pakistani Rupee: Best Exchange & Transfer Tips

If you are looking to send money from the United States to Pakistan, it is important to understand the dynamics of the US dollar (USD) to Pakistani rupee (PKR) exchange rate. It can maximize the value of your transfers because fluctuations in exchange rates can significantly impact the amount received by your beneficiaries. This guide will provide you with an overview of recent trends in the USD to PKR exchange rate while delving into factors influencing these fluctuations. This will help you identify and explore the best remittance options available for sending money to Pakistan.​USD to PKR Exchange Rate TrendsAs of March 30, 2025, the exchange rate stands at approximately 1 USD to 280.044 PKR. 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You can do this by setting up rate alerts and staying updated with the latest economic and political news developments. Timing strategies: Sending money during peak hours or holidays may result in higher fees or slower transfers, so timing your transfer when the rate is favorable can increase the amount received.​ Consider transfer limits: Be aware of any transfer limits imposed by the service and plan. You can also consider batch transfers. Check for promotions: Many remittance services offer promotions or discounts, especially for new users or large transfers. Navigating the complexities of USD to Pakistani rupee exchange rates and remittance options requires diligence and informed decision-making. 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With a focus on customer satisfaction and reliability, PassTo is an excellent choice for sending money to the Philippines and beyond.Frequently Asked QuestionsQ: What are the best rates from GBP to PHP?A: As exchange rates fluctuate, it's advisable to monitor platforms like CompareRemit to find the best rates from GBP to PHP offered by various remittance providers.Q: When is the best time to transfer money from the UK to Philippines?A: Monitor exchange rate trends and utilize comparison tools to identify favorable transfer windows.Q: How can I compare money transfer services from the UK to Philippines?A: Utilize comparison sites like CompareRemit to compare money transfer services based on exchange rates, fees, transfer speed, and customer reviews.Q: What is the best way to transfer money to the Philippines online?A: The best way to transfer money to the Philippines online is to use a reputable remittance provider, ensuring competitive rates and secure transactions.Q: How can I ensure the safety and security of my money transfers?A: Choose reputable remittance providers with robust security measures in place to safeguard your transactions.

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