Highest remittance rate for converting 1 EUR to PKR = 189.2
Finding the best way to send money from Ireland to Pakistan can mean a lot of work. That is because you have to do your research critically in order to find the best deal in the market. The only problem is that all this work can be time costly and not everyone is ready to do it. That is why we have come up with a better solution for you. We compare various international money transfer services to provide you with a simplified list of the available services including details like how much they charge.
Many people are stuck between options when it comes to sending money from Ireland 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.
International money transfer is nothing new even between Ireland and Pakistan. With so many people needing to send money from Ireland to Pakistan, it is only true to say that there is a dire need for a reliable money transfer agent. According to reports, the highest number of money senders who need to send money from Ireland to Pakistan regularly are the Pakistani migrants in Ireland followed by companies that have outsourced online freelance services from Pakistan. Thanks to technology, you can today complete your transfer within seconds or even for free if you look in the right places.
If you have to send money from Ireland to Pakistan cheaply, you are most likely to use any of the following transfer methods.
Cash delivery services: this is one of the oldest modes of international money transfer that has ever existed and was even used by post offices. With technology greatly impacting industries including money transfer, cash delivery services are today available online. This removes a whole load of work of needing to visit their agents who may not very near to your location. Although they deliver money, they also take care of converting it from PKR from EURto make it usable for the receiver. Many people prefer sending money through this service because it is one of the fastest ways to send money from Ireland to Pakistan and it is simple to use. Before using cash delivery services, know that they are a bit costly compared to online money transfer services. Some of the companies that you can use to deliver money from Ireland to Pakistan include; Western Union and MoneyGram.
Online money transfer: the impact of technology in the international money transfer industry has changed the world. Online money transfers are the cheapest way to send money from Ireland to Pakistan and are much more convenient. Additionally, they even allow you to access your other money accounts like your bank account and still process your transfer without leaving the house or office. One of the biggest challenges with using these services however is that there are so many players. This makes it easy for someone to use a service that is available in Ireland but not in Pakistan which can bring a lot of complications. Nevertheless, cybercriminals take advantage of first-timers by creating fake companies to rob people. With ERIQ and other similar platforms, you can avoid all these problems and much more. Some of the most preferred money transfer services that have been used to send money from Ireland to Pakistan include; Remitly, TransferWise, Xoom, Azimo, Ria, and XE Money.
Bank transfer: bank transfer is one of the oldest ways of sending money all over the world and is still relevant to date because it is the most established method. When using bank transfer, you have to be keen about the exchange rates because they contribute a lot to the general cost of your transfer. For example, if you send money to Pakistan from Ireland when the rates are high, it means that the EUR has more value that the PKR and you will spend less money. Bank transfers take three to five days to clear and some banks charge according to how much you are transferring while some take a certain percentage.
In order to successfully send money from Ireland to Pakistan, you will need to check on the following;
Exchange rates: many people are never keen on exchange rates and end up using expensive services. It is always good to go for the highest rates since they will cut down on the cost of your transfer.
Transfer time: it is important to track your money in case it does not reach when it is expected. There are many things that are involved in money transfer and sometimes, money can delay or fail to get delivered all together.
Transfer cost: sending money can be free are expensive and both options come with their ups and downs. The free transfer takes longer while instant transfers are costly. You have to know which service is best for your budget or will solve the situation at hand.