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Thursday, February 12, 2009

Fast Ways to Send Money to India

By Chloe Banks

Many Indians living in the U.S. send money back to family in India. What are the easiest and safest ways to do that?

There are a variety of different ways to send money to your family. Each service varies in the cost, security and amount of time it takes to transfer money to India.

On-line services such as ATM cash allow money to be transferred almost instantly.

On-line services allow you to transfer money to family in India 24/7 from your own computer and ensure that the money gets to the recipient as soon as possible.

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.

The cardholder would have a PIN number in order to access the money in your account through an ATM.

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 to send money quickly is by opening an account with a bank that has branches in both India and the U.S. This will help facilitate easier transfers.

These are just some of the ways in which you can send money home to family in India.

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1 Comments:

Blogger Unknown said...

Thanks for Sharing information. Looking for the best way to transfer money from USA to India? Check out the various remitting services that offer services sending money to India from USA online remittance

January 3, 2013 at 4:18 AM  

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