Thursday 22 January 2015

How can You Transfer Money from US to India

Couple of tips for transferring money to India
 
If you haven't used yet, Xoom.com is the best way to send money to India from US. Last two times I sent the money, the money was deposited under 2 minutes. It also gives higher exchange rate than others.
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xoom or money2india or remit2india are only from personal to personal accounts. If you are doing a business to business account transfers, unfortunately you will have to go through a bank which does wire transfer. This can get expensive and also with lower exchange rate. If you are not in a rush, the best way make a business to business money transfer from US (and some other countries) to India is transferwise.com. There is no fees and they also give higher exchange rate. I made two transfers recently, and they both went smooth. They are Lodon based, so your queries will be answered during their business hours.

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