About EURO and INR
Spain and India have a lot in common starting with a strong family structure and identity as well as magnificent cultural sites that attract tourists. Despite the vast distance separating them, many people from Spain travel to India either as tourists or to look for greener pastures. Moreover, many freelancers are working for their employers in Spain hence the unending need to send money to India from Spain. So how can you make this transfer? Check out the simplified comparison below.
The best services to use when sending money from Spain to India
It is safe to say that when it comes to finding the best way to send money to India from Spain, everyone has a different opinion. However, many people today still do not know how to make international transfers, worse yet, even where to start looking. At Exchange Rate IQ, we have brought to you detailed information on the same.
There are three main ways through which your money can reach India in a matter of minutes:
Wire transfers: Banks in Spain will allow you to send money to India.
Money transfer providers: Providers like transferGo, Instarem and Remit Money are the best choices to go for when sending money from Spain to India online.
Cash-pick up agents: Providers with cash pick-up options offer direct money transfer services from Spain to India in a very short time. The only downside is that they charge a high service cost.
Steps to send money to India from Spain
- Choose a money transfer option that suits you best
- Create an account with them by providing your details. You may need your ID or proof of it.
- Select the amount you wish to send and let the rest be done for you by your service provider.
5 things to consider before sending money from Spain to India
To ensure that you get the most INR for your EURO, you have to keep certain factors in mind when choosing a money conveyance company to make transfers for you. You have to confirm that:-
The time it takes your money to reach the recipient is okay with both you and your recipient so as to avoid any delays.
The mode of pick-up is not only safe for the recipient but also the most preferred by him or her.
The rates you are offered by the transfer option that you choose is close to the mid-market rate. Only then will you get much value for your money.
That no exorbitant nor excess fees are being charged as the transfer costs when alternatives are offering lower costs.
You do not exceed or go below the transfer limits offered by the various companies as you may risk not getting the various incentives offered by them.