TransferWise Reviews
Money Transfer Companies from Australia to India
1. WorldRemit
Necessary money transfer information while send money to India using Worldremit -
| Transfer Type | Online |
| Pay-In Methods | Credit Card Debit Card |
| Pay-Out Methods | Transfer to all banks within 1-2 working days, including: SBI (State Bank of India), Bank of India, ICIC Bank, HDFC Bank, Union Bank of India, Punjab National Bank, Bank of Baroda, Yes Bank, IDFC Bank, Axis Bank, Canara Bank, Federal Bank, State Bank of Travancore, State Bank of Hyderabad. |
| Mobile Recharge | Mobile airtime is added instantly to phones on: Airtel, Aircel, BSNL, Idea, Loop, MTS, Reliance, Tata Docomo, Tata Indicom, Uninor, Videocon GSM, Vodafone, Dish, Sun Direct, Tata Sky, and MTNL. |
| Fee | 3.99 AUD till 1000 and 0.01 AUD above 1000 |
| Speed | 2-3 working days |
PROS
Lower fees than you will find in banks
There is no minimum amount for your transfers
Convenient to send money to India online transaction makes it easier to send money
A good feature of WorldRemit is that they will send your recipient an SMS message when the transfer is initiated and give them the transaction number. You will receive a similar SMS once your beneficiary has collected the cash
CONS
Low maximum transfer amount
How to send money to India ?
1. How you want to send money to India: bank deposit or airtime top-up, and enter the amount so that you can transfer to all banks in 1-2 working days.
2. Fill your recipient's details:you can choose from a list of people you’ve sent to in the past, or add a new recipient
3. Now pay for the transfer:you and the recipient both will get notifications by SMS and email when the money is sent and received.
2. Transferwise
Necessary money transfer information while send money to India using Transferwise -
| Transfer Type | Online |
| Pay-In Methods | Bank |
| Pay-Out Methods | Bank |
| Fee | A fee of 0.7% of the amount sent |
| Speed | 3-5 days |
| Security |
1. 2-factor authentication
2. Registered with the Financial Crimes Enforcement Network (FinCEN)
3. Standard HTTPS encryption safeguards
|
PROS
Easy process to sign up and initiate a transfer
It’s affordable
Offers better rates than many other providers
High daily transfer limits
CONS
Bank account transfers only
It's a Two-step process, firstly wire money to TransferWise and then deposits the money to recipient’s bank account
Need an SSN(Social Security Number) to send money
How to send money to India ?
1. Initiate your transfer by using the TransferWise website on a desktop, laptop, or mobile device.
2. Provide the recipient’s bank account details or an email address.
3. Enter the sending amount or the exact amount you want the recipient to receive. If you opt for a specific amount transfer, you have to pay an extra 3% deposit, in the event there is a fluctuation in the exchange rate.
4. Make your payment using any of the available methods.
3. OFX
Necessary money transfer information while send money to India using OFX -
| Transfer Type | Online |
| Pay-In Methods | Online Phone Agent |
| Speed | 1 day |
PROS
Multiple transfer options
No transfer fees
Wide range of currencies
CONS
Deliver funds using bank deposit only
Phone verification for new accounts
How to send money to India ?
1. Register an account with Ofx.
2. Enter personal details, address and occupation.
3. Verify your identity and log into your account.
4. You will get a rate quote.
5. Add the receiving account details.
6. Confirm the transaction.
7. Track the status of transaction.
4. Travelex
Necessary money transfer information while send money to India using Travelex -
| Transfer Type | Online |
| Pay-In Methods | Bank |
Highlights -
1. Simple,fast & affordable.
2. Nearly 1,500 Travelex stores across the globe.
3. Great rates
4. Price promise
5. 24/7 emergency assistance.
How to send money to India ?
1. Choose your currency.
2. Choose the method of receiving.
7. Pay for your money transfer.
5. Money2Anywhere
Necessary money transfer information while send money to India using Money2Anywhere -
| Transfer Type | Online |
| Pay-In Methods | Bank Account |
| Pay-Out Methods | Bank Account Cash Pickup |
| Fee | Lower fee than banks |
| Speed | 3-5 days |
PROS
Best exchange rates
Multiple payment options
Safe and secure
CONS
Transfers for certain countries can be expensive
6. Remit2India
Necessary money transfer information while send money to India using Remit2India -
| Transfer Type | Online |
| Pay-In Methods | ACH transfers Wire transfers |
| Pay-Out Methods | ACH transfers |
| Fee | Lower fees than banks |
| Speed | 1-2 days |
PROS
Offers 24/7 customer support
Competitive exchange rates
Got the most out of your transfer
CONS
Services limited to India
How to send money to India ?
1. Register account.
2. Complete your personal information.
3. Choose your receiver country and currency.
4. Complete all fields regarding your recipient's detail
5. Complete transaction and track status.
7. Western Union
Necessary money transfer information while send money to India using Western Union -
| Transfer Type | Online At agent locations |
| Pay-In Methods | Bank account Credit/debit card |
| Pay-Out Methods | Bank Cash |
| Fee | Fee varies according to payment methods |
| Speed | 3-5 days |
PROS
More than 500,000 agent locations around the world
Multiple transfer and pick up options
Safe and secure
CONS
Low maximum transfer amount
How to send money to India ?
1. Set up a free account.
2. Log into account and initiate transfer.
3. Choose your payment method.
4. Fill recipient’s name and contact information.
5. If sending to a bank account, you’ll need the bank name and account number. If you’re sending a prepaid card for home delivery, you’ll need the address and phone number.
6. Fill your contact information.
7. Complete the transaction
8. Kotak
Necessary money transfer information while send money to India using Kotak -
| Transfer Type | Online |
| Pay-In Methods | Bank |
| Pay-Out Methods | Bank |
| Fee | Free |
| Speed | 1-2 days |
Highlights-
Avail attractive exchange rates
No transaction charges on your transfers
Multiple options to deliver the money to your receiver
Transfer to Kotak Mahindra Bank Accounts or Transfer to accounts held with over 100 banks in India or deliver by Demand Draft
Track the status of the transfer in your Click2Remit account
9. ICICI
Necessary money transfer information while send money to India using ICICI -
| Transfer Type | Online |
| Pay-In Methods | Bank |
| Pay-Out Methods | Bank Cash Card |
| Fee | Free |
| Speed | 3-5 days |
Highlights-
Money2India service facilitates money transfers to India from 9 countries and currencies
Firewall (virtual electronic fence that prevents unauthorized access to the ICICI Bank server)
128 bit Secure Socket Layer (Security technology that ensures all information exchanged is confidential.)
11. OrbitRemit
Necessary money transfer information while send money to India using OrbitRemit -
| Transfer Type | Online |
| Pay-In Methods | Bank |
| Pay-Out Methods | Bank |
| Speed | 1-2 days |
Highlights-
Keep track of your money
Great rates
Fixed rates
Customer service
Recurring transfer
Simple to use
Safe and secure
Quick turnaround
Mobile apps
How to send money to India ?
1. Create an account.
2. Choose a country, delivery method and enter recipient’s name.
3. Choose an amount and pay securely with your credit/debit card or with bank transfer.
4. Check all transfer details and confirm payment
12. Xendpay
Necessary money transfer information while send money to India using Xendpay -
| Transfer Type | Online |
| Pay-In Methods | Bank Credit Card Debit Card |
| Pay-Out Methods | Bank |
| Fee | 5.00 AUD |
| Speed | 1-2 days |
PROS
Pay what you want
It’s secure. Xendpay is registered with the UK’s Financial Conduct Authority
Competitive exchange rates. Xendpay’s rates are often stronger than banks and other services
iPhone app. Allows transfers from iOS mobile devices
CONS
Limited delivery options.
Limited no-fee intro.
Long transfer speeds.
No recurring payments.
How to send money to India ?
1. Set up a free account on Xendpay.
2. Enter the sending amount and your recipient's country.
3. Enter your recipient’s detail.
4. Pay with a debit card, credit card or bank transfer.
5. Confirm your transfer
