Tips on Sending Money to India
Many Indians living in the U.S. send money back to family in India. What are the easiest and safest ways to do that?
Depending on how quickly you need the money to be transferred, how much you're willing to pay and the desired security, there are several ways to send money to India.
On-line services offer a fast and easy way to transfer money. Services like ATM Cash allow the money transferred to be available to the recipient almost instantly.
Often sending money online is easiest and quickest way to get money to India. These services allow you to send money 24/7 from your computer.
An ATM or debit card is another way to guarantee a quick transfer. If the recipient is a family member or someone trusted, it can be helpful for them to have a bank card linked to your account.
As long as you are comfortable with the recipient having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine.
For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money. The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.
Another way that many people find useful in sending money to India is through opening an account with a bank that has branches in both India and the U.S. This way you can ensure easier withdrawals or transfers.
These are some of the easiest, quickest and safest ways to send money to family in India.
Depending on how quickly you need the money to be transferred, how much you're willing to pay and the desired security, there are several ways to send money to India.
On-line services offer a fast and easy way to transfer money. Services like ATM Cash allow the money transferred to be available to the recipient almost instantly.
Often sending money online is easiest and quickest way to get money to India. These services allow you to send money 24/7 from your computer.
An ATM or debit card is another way to guarantee a quick transfer. If the recipient is a family member or someone trusted, it can be helpful for them to have a bank card linked to your account.
As long as you are comfortable with the recipient having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine.
For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money. The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.
Another way that many people find useful in sending money to India is through opening an account with a bank that has branches in both India and the U.S. This way you can ensure easier withdrawals or transfers.
These are some of the easiest, quickest and safest ways to send money to family in India.
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