Table of Contents
The number of Indians in Australia has grown quite significantly over the past few years. With this, remittances from Australia to India has become more and more prevalent as Indian citizens who now live in Oz send money back home.
While there are lot of options to choose from, the ones listed below are some of the not helpful modern and traditional ways to send money to India from Australia.
WorldRemit
This is the more common option that is used to send money to India from Australia. Here’s why:
- WorldRemit makes it accessible for Indians living in Australia to send money back home. You can send money to India as one of the 150 different countries that is covered by WorldRemit. Sending money is easier now with using your smartphone or computer. WorldRemit saves you the hassle of needing to visit a store or talk to an agent for any transaction that you need.
- Your money is guaranteed to safely reach the hands of your receiver. It uses an industry-leading technology which makes sure that your money is protected and that it safely arrives to the recipient every single time.
- They value your time, making sure that your transactions are quick. 90% of the total transactions are completed in just a few minutes.
- So among all the other remittance options, WorldRemit takes pride on the knowledge that they offer the lowest cost for sending money to India from Australia.
Absolutely, using WorldRemit is considered as one of the best ways for one to send money to India from Australia.
REMITLY
One of the many factors that needs to be considered when it comes to sending money to India and overseas, in general, is the remittance center’s exchange rate. It’s a win when you land on a remittance center that offers great exchange rates. For sure, the bigger the remittance center gives value to your money, the greater the amount that is received, especially when you send money to India from Australia.
It is considerably a competition since Remitly not only offers great exchange rate, but as well as low fees to send money to India. These are not the only reasons why Remitly is considered as one of the best options there is, digital services can be utilized for your own convenience, as well, to make sure that the process is quick and clearly transparent. They’re able to maintain low cost fees given that they don’t own any physical location to maintain.
TRANSFERWISE
Unlike WorldRemit and Remitly, Transferwise have offices around the word where you can transact with real people. Even so, they promise easy and effortless transactions whenever it’s needed.
They have retained the personal touch of sending money to India from Australia. With keeping it personal, they have made sure that all transactions are transparent, and they have tried their best to keep charges as little as possible so it’s still a win when using Transferwise.
MONITO
Monito works like Google. Once you put in all the information you need, the origin of the money to the country where it will be sent, including the amount to be sent, Monito will, then, provide you with lots of options to choose from and which one offers the highest amount once it is transferred so you can clearly compare which among the options will you be saving greatly.
This tool is helpful, so people don’t just go jumping ahead and sending money before knowing if there are other better options that works well with the transaction needed to be completed.
CURRENCYFAIR
To give credit, this mode has been the simplest, uncomplicated way of sending money from Australia to India, Currencyfair is made sure that it uses the easy way to deal with transferring money. Currencyfair sees to it that your transactions are of great exchange rates in your favor. In using Currencyfair, you can be sure that excessive bank fees are discouraged.
WESTERN UNION
Over the years, Western Union has also stepped up their game to be a worthy competitor to the rising and more common use of technology to send money to India from Australia. Western Union is a long-running remittance center, not only in Australia and India, but worldwide. Various remittances all over the world are trusted over to Western Union, that’s because they have lived up to their name.
Currently, Western Union now uses digital services just like most of its competitors. All one must do is simply cash in, after which, they can complete sending money quickly and easily using the app.
WESTPAC
Westpac is not only a remittance center; you can also save and invest in this platform. Westpac offers services such as share trading, investments, insurances and alike. More than that, Westpac offers services for persona or individual transactions, they also have one for businesses.
MONEYGRAM
Moneygram is a very common remittance center, along with Western Union, these two started with remittances being transacted only at the store. They worked on improving their business by leveling with competitors. They now offer sending remittances online. All you that’s needed to be done is to cash in and you just like Western Union, you can now use the app to send the money anywhere you need it to be.
ANZ
The good thing about using ANZ is that you can use this for purchases over the phone or overseas. Here, you can avail a wide array of offered services. They have also made sure that remittances from Australia to India are safe and secure with using their round-the-clock security system.
INSTAREM
They are very dedicated to making sure that sending money to anyone in the world is easy as one, two, three. They dedicate themselves to focus on customers’ needs to be able to take and uphold their values in terms of customer satisfaction.
There you have it—which one have you tried so far? There is simply no such thing as a scarcity of options when it comes to the ways to send money to the other side of the world. Of course, we have the big names like Moneygram and Western Union. Still, it pays to look around and consider other options available that might just work just right for you. They’re different in many ways but I guess we all must agree that they share what we need most: to connect with family and loved ones and to provide for them financially.