Money Transfer Companies from USA to India

According to World Bank, India was the world's largest remittance recipient in 2015 despite experiencing a $1 billion drop from the previous year, the first decline in its remittances since 2009. India retained its top spot in 2015, attracting about $69 billion in remittances, down from $70 billion in 2014, the World Bank said in its annual report "Migration and Development Brief".

So when you are sending money to India,"Make sure that more of your hard-earned cash reaches to your loved ones!"

Before sending money to India, there are couple of things you have to keep in mind like what is the cheapest way ? Depending on your sending amount, what is the fastest money transfer service because time can mean everything. What are the transfer methods available ? Is your final option is the best option for sending money ?

For the all above questions, you can see and compare all popular money transfer services for sending money from USA to India on this page.

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 Bank Account , 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 $0.99 fee from $1 to $2750
Speed 1-2 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 1% 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. Ria Money Transfer

Necessary money transfer information while send money to India using Ria Money Transfer -

Transfer Type Online
Pay-In Methods
Bank Account
Credit Card
Debit Card
Pay-Out Methods
Bank Deposit
Cash Pickup
Fee $0.00 fee for bank account to bank account
Speed 3-5 working days

PROS

Offers expert advice and simple, secure transactions

It offers multiple ways of transaction and receiving money

Exchange rates are higher than banks, with lower fees

CONS

Low maximum daily limit

How to send money to India ?

1. Create a free online account on Ria’s website.

2. Fill the details of money transfer.

3. Enter your recipient’s full name and address.

4. If you’re sending money for cash pickup, select a location near your recipient from the provided list.

5. Select a payment method.

6. If paying by credit or debit card, enter your card information and billing address.

7. Check that the information is correct on the Pre-Order Confirmation.

8. Get your order number, which you can use to track your transfer.

9. Track the progress of your transfer by entering your order number, PIN or reference number in the box.

Necessary money transfer information while send money to India using Remitly -

Transfer Type Online
Pay-In Methods
ACH Transfer
Credit Card
Debit Card
Pay-Out Methods ACH Transfer
Fee FREE for transfers over $1,000
Speed 1-2 days

How can you increase your transfer limit with Remitly?

To access higher transfer limits, log in and visit Remitly’s Manage Limits page. Answer the questions and provide ID and additional banking information. Representatives will review the information you provide and get back to you shortly.

PROS

Send money in minutes

Track your transfer’s progress with updates to your phone

SSL with 256-bit encryption keeps your money safe

CONS

Remitly sends to 10 countries only

Low maximum daily limits

Credit cards transactions and transfers to some countries can be expensive

How to send money to India ?

1. Create an account.

2. Choose your recipient’s country and enter your sending amount.

3. Provide your recipient’s information.

4. Pay with your bank account, credit card or debit card.

5. Confirm your transaction.

6. You will receive text updates on your transaction to your phone.

Necessary money transfer information while send money to India using Xoom -

Transfer Type Online
Pay-In Methods
Bank Account
Credit Card
Debit Card
Pay-Out Methods Bank
Fee Free for transfers over $1000 when sending with Bank Account
Speed Instant
Security
1. Offers a money-back guarantee
2. Website relies on 128-bit encryption
3. Works with a number of leading banks

PROS

Offers 24/7 customer service

Track your transfers

Money-back guarantee

CONS

Many money transfer providers that service larger international networks than Xoom.

How to send money to India ?

1. Sender can transfer the money using a computer or a mobile device.

2. After filling details, you can choose payment options.

3. Enter your recipient’s details.

4. Track the progress of your transfer.

5. Xoom lets you cancel your transfer if it hasn’t gone through, and cancellations do not attract any fees.

6. Pangea Money Transfer

Necessary money transfer information while send money to India using Pangea Money Transfer -

Transfer Type Online
Pay-In Methods Debit Card
Pay-Out Methods Bank
Fee $4.99
Speed 1-2 days

PROS

Pangea Money Transfer’s online transfer process is simple and straightforward

Low transfer fees

Pangea Money Transfer’s many agents worldwide

Earn $30 off a future transfer by referring friends

CONS

Limited receiving countries only for sending money.

For individuals only. If you’re a business looking to schedule payments, you’ll need to look at other services.

How to send money to India ?

1. Create a free account with your details.

2. Enter sending amount for your receiver country.

3. Once check final exchange rate and transfer fee.

4. Pay using your payment method.

5. Your recipient will receive a text message with a unique transfer code to use when picking up cash.

7. Worldfirst

Necessary money transfer information while send money to India using Worldfirst -

Transfer Type Online
Pay-In Methods Bank Account
Pay-Out Methods Bank Account
Fee $0.00
Speed 1 days

PROS

Transparent fee structure

Higher exchange rates than local banks

Easy to use website

CONS

High minimum transfers

No live chat information

Two step process

How to send money to India ?

1. Create a personal account.

2. Complete your personal information.

3. Choose your receiver country and currency.

4. Provide your passport information.

5. Login with your username and password.

6. Answer two security questions

7. Complete all fields regarding your recipient's detail

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 onlu

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.

Necessary money transfer information while send money to India using Hifx -

Transfer Type Online
Pay-In Methods Bank
Speed 3-5 days

PROS

Uses online security technology

Trusted Company

Lower fees

Large transfer allowed

CONS

Bank to bank transfers only

No same currency transfer

How to send money to India ?

1. Sign up.

2. Get a quote.

7. Send.

10. 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.

11. 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

12. 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 Same day

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.

13. Western Union

Necessary money transfer information while send money to India using Western Union -

Transfer Type
Online
At agent locations
Mobile apps
Pay-In Methods
Bank account
Credit/debit card
Pay With Cash
Pay-Out Methods
Bank
Cash
Fee $0.00 fee for online bank account
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

14. Moneygram

Necessary money transfer information while send money to India using Moneygram -

Transfer Type
Online
In person
Pay-In Methods
An agent location
Online
Pay-Out Methods
Account deposit
Cash Pickup
Fee Lower fee
Speed 3-5 days

PROS

Second largest money transfer provider

Wide range of sending, receiving and financing options

Fast and secure transactions

CONS

Maximum online transfer amount.

Fees can be higher when you use a credit or debit card to pay.

15. IndusFastRemit

Necessary money transfer information while send money to India using IndusFastRemit -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods Bank
Fee $0 fee
Speed 3-5 days

Highlights-

Fast, simple, and secure

Convenient

It uses the Automated Clearing House (ACH) which is paperless and 100% online remittance platform to transfer funds from United States to India

Provides the most competitive exchange rates

All money transfers are free of charge and only local service tax is applicable on the currency conversion in India

16. Transfast

Necessary money transfer information while send money to India using Transfast -

Transfer Type Online
Pay-In Methods
Bank account
Debit card
Credit Card
Pay-Out Methods Bank Transfer
Fee $0 fee when sending money using bank account
Speed 3-5 days

PROS

Initiate transfer just creating account

Customer can choose from multiple payment options

Safe and secure

CONS

Higher fee when sending from credit card

How to send money to India ?

1. Visit Transfast’s website.

2. Select your recipient’s country.

3. Enter the amount you want to send.

4. Enter your recipient’s information and delivery method.

5. Pay for your transfer via bank account, credit card or debit card.

6. Review and confirm your transaction.

7. Complete the transaction

Necessary money transfer information while send money to India using Placid -

Transfer Type Online
Pay-In Methods
ACH Transfer
Credit/debit card
Pay-Out Methods
Bank Account
Fee $0.00 fee when pay by bank account
Speed 3-5 working days

Highlights-

Offers high exchange rates

Facility of direct bank deposits and cash pickups

Instant cash pickups available if paid using card

Instant Transfers using Debit Card to major banks such as HDFC, PNB, Axis & more

Gives 24/7 Support & 100% Money Back Guarantee

Real time transfer status tracking

Necessary money transfer information while send money to India using Kotak -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods Bank
Fee $0 fee
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

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 $3 up to 65,000 INR
Speed 2-3 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.)