Best answer: How much does Remitly charge to send money to India?

How much does it cost to send money to India?

Transfers with a bank account have fees of $3 to $5, but there are no fees if you send more than $1,000. Xoom’s fees for using a debit or credit card range from $5 to $20. Its exchange rates have a higher markup than some competitors, but Xoom’s rates are still better than those of many U.S. banks.

Is Remitly safe to send money to India?

Yes, Remitly is a trustworthy and secure money transfer provider. The company has an “Excellent” customer rating (4.5/5) on Trustpilot. … Remitly offers a 100% satisfaction or money-back guarantee. So if you’re not satisfied with the service, you will get a transfer fee refund.

Can Remitly be used in India?

Remitly gives you nationwide coverage in India

Transfer money easily to 130+ banks including SBI, HDFC, Citi Bank, Axis Bank plus Recipients can now pick up their money at 100,000+ cash pick-up locations including Punjab National Bank, EbixCash, Weizmann Forex, Muthoot Fincorp, and more.

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Which is the best way to send money to India?

Here are the best ways to transfer money to India

  1. ACH transfer.
  2. Transferwise.
  3. Money orders.
  4. Remitly.
  5. Wire transfer.
  6. Xoom.com.
  7. MoneyGram.
  8. Western Union.

What’s the easiest way to send money to India?

There are no extra costs, visit banks, or sending checks associated with ACH transfer. It helps you save time and money. Online Transfer is the easiest way to send money. All you need is an internet connection and use of local banking services to transfer money to an account in India.

How long does Remitly take to send money to India?

Express or Economy? Our Express money transfers from the United States to India are available within 4 banking hours. Economy money transfers to India take 3-5 business days, but have an even better rate.

How fast does Remitly send money?

We recommend using Express when you need to send money fast, delivery is usually within minutes when using a debit card, and Economy when you’re able to wait 3-5 business days for your funds to be delivered. Select a country to see the available delivery speeds and pricing.

Can Remitly be trusted?

After going through the reviews I felt I can trust Remitly and I was not disappointed. Money was transferred promptly and securely. I would definitely use their services again in future and happy to recommend my friends to use Remitly for transfering money as it was very easy and stress free!

How does Remitly make money?

It makes money by charging transaction fees and marking up foreign exchange rates. Fees vary widely by country, but on average, Remitly charges about 1.5% for a transfer, Forbes estimates. Western Union, which owns many brick-and-mortar locations and brought in $852 million in profit last year, charges roughly 5%.

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Is Remitly better than Xoom?

Remitly beats out Xoom in saving you money, but both are pretty evenly matched when it comes to speed. The fact that Remitly’s exchange rates are generally (but not always) slightly better means that it comes out on top almost every time.

How can I receive money from Remitly in India?

What options do I have for getting money through Remitly?

  1. Deposit money directly to your bank account. If you’re sending money to your own account, make sure it’s the right account type.
  2. Pickup cash in-person at a nearby location.
  3. You have the option to sign up for a UPI address if your bank is a member.

Is sending money through Remitly free?

Remitly pros

Free and/or cheap delivery options. The Remitly Economy option allows you to send money for fees as low as $3.99 or send over $1,000 for $0 to some countries. … First-time users of Remitly will get a significantly cheaper promotional rate for a limited amount of money, depending on the receiving country.

How much can you send through Remitly?

Sending Limits

Tier 1 Tier 3
24 Hours $2,999 $10,000
30 Days $10,000 $30,000
180 Days $18,000 $60,000
Information needed Your full name Your residential address Your date of birth The last 4 digits of your SSN Information needed Tier 2 information if not already approved Additional information on your use of our service

What is the fee to send $1000 through Western Union?

The fee is $4.50 to transfer up to $50 and $9.50 to send up to $900. Western Union, in comparison, charges $5 for a money transfer of up to $50, but a transfer of $900 could cost $76. There are a number of price points in between, dependent on the amount of money to transfer.

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