Highest remittance rate for converting 1 AUD to PKR = 120.35
With millions of money being transferred from Australia to Pakistan, it is safe to say that there is a good number of Pakistani migrants in Australia. If that is not enough, some Australian companies outsource services online from Pakistan hence the need to send money from Australia to Pakistan is wide. With several international money transfer services ready to help you with the transfer, making the right choice is never easy and that is why Exchange Rate is here.
Many people are stuck between options when it comes to sending money from Australia to Pakistan because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.
For a very long time, Australia has been known to be a land of opportunities not only for Pakistani migrants but many countries all over the world. This has attracted different races to work and reside in Australia evident by international money transfer activities. It is safe to say that money transfer from Australia to Pakistan started many years ago and the only thing that has changed is the mode of transfer, all thanks to the impact of technology in the international money transfer industry.
If you have to send money from Australia to Pakistan, you have three options that will cost you relatively less compared to any other available service. They include;
Bank transfer: we all know that banks have been around for the longest time and have been the most trusted financial institutions globally. One feature of a good bank is the ability to provide international money transfer services. In Australia, this is a service that you will easily find in many banks. With mobile banking today becoming more popular, completing your transfer through bank transfer could never get any easier. Bank transfers take about three to five working days to clear.
Cash transfer Apps: these are the newest money transfer method that had greatly utilized the smartphone technology. Money transfer apps give you more control over how to complete your transaction. That is because you can link them with your smart cards and send money directly to the same app account. Some allow you to send money directly to a bank account in Pakistan.
When looking forward to using a money app for the first time, it is very important to ensure that you find a genuine service provider. Many people have fallen victims to con artists who pose as genuine money app service providers. Through our platform, however, you can avoid all these uncertainties.
Money pick-up services: through services like Western Union, you can send money from Australia for pick up in Pakistan. The best part is, there is even the western union app that can allow you to initiate this transfer through your phone. It is also good to know that these services are the fastest way to send money from Australia to Pakistan since your transfer will be processed immediately provided that all the requirements are met. It is also good to know that cash pick-up services are relatively expensive if you compare them with cash transfer apps.
If you have to send money to Pakistan successfully, you need to understand how to find the best service. To help you make the right choice, you should remember that;
Cost of service determines everything: you will only use a certain money transfer service if you can afford the service. The cost of sending money to Pakistan can be as cheap as free using services like XE Money. When considering cost, make sure to confirm the provided exchange rates. It is also good to find out if the recipient will get charged on withdrawal.
The receiver should be comfortable: There is no point in sending money from Australia to Pakistan if the person waiting for it does not know how they will get it. That is why it is important to make sure that the service you are using is available in Pakistan as well. Unless you want to spend even more on your transfer.
Transfer duration matters: you need to be sure about how long you need your transfer should be if you want to avoid any inconveniences. There is a reason why there are fast and slow services and why they vary on terms of cost of the transfer. Also by knowing how long a transaction take will give you an easy time to track your money.