About Canada and Pakistan

Canada is known to a land of opportunity not only for Pakistani migrants but across many nations. Sending money out of Canada is therefore a necessity that has been met with some of the best solutions. According to international remittance reports, it is known that millions of money are transferred from Canada to Pakistan by migrants annually and that is not all. Pakistan is one of the countries in the world that have mastered the art of online jobs. Some of these freelancers are outsourced by Canadian companies hence the need for the best way to money from Canada to Pakistan is extensive.

Cheap way to send money from Canada to Pakistan

There are three main ways through which you can send money from Canada to Pakistan. They include;

Money transfer apps: These are the newest money transfer services around. That is because they are made possible using computers and smartphones which are relatively new to the world. Money transfer apps are generally cheap compared to other methods. What makes these apps the best way to send money from Canada to Pakistan is the fact that theycan be integrated with other services like banks. That means you can access your bank account and complete an international transfer without queuing in the banking halls. According to consumers, some of the most used money transfer apps to send money from Canada to Pakistan include; Remitly, XE Money, Ria, WorldRemit, and TransferWise.

Banks: Bank transfers are a perfect means of sending money from Canada to Pakistan. Thanks to the fact that banks have been around for longer, their cross-border transfers are more simplified even though it may take up to five days for the transaction to complete. Most of the people who send money to Pakistan from Canada usually deal with large amounts. Pakistani migrants who wish to buy property like land or house also find it safer to use bank transfer because of the credibility. You will want to consider the provided exchange rates when sending money via bank to avoid paying more.

Cash pick up: It is safe to say that cash delivery services as seen with services like Western Union, MoneyGram and Travelex are the fastest way to send money from Canada to Pakistan. That is because, they take only a few minutes to deliver your money. With technology taking center stage in the international remittance space, some of these services are providing their services online. Take for example the Western Union App that allows you to initiate payments through the service using your phone. While cash pick up services are fast, they are also relatively costly.

Factors to consider when sending money from Canada to Pakistan

For any one to successfully send money from Canada to Pakistan, you must consider the following;

• The cost of service. By knowing how much you are willing to spend for your transfer, you can be able to identify the services that works best for you. You should also know that it is possible to send money to Pakistan for free but the cheapest way to send money from Canada to Pakistan takes longer, from two to three days to clear.

• The reason for your transfer: If you need to send money to your loved ones for upkeep, usually money apps are the best options. But if you are looking to make payments that cost large amounts of money, you will find banks to be more efficient and safe.

• Duration of the service: As stated, it can take anything between a few minutes to three days before your money can reach Pakistan. It depends on who you can afford to complete your transaction. By knowing how long it will take for your money to reach Pakistan, you will be able to decide which service is the most suitable maybe in the case of an emergency.