Tips to Ensure Safe and Quick Online Money Transfer to India

The primary thing that we humans seek when transferring money is assurance and security. An added plus is if you get friendly customer assistance. Then comes saving on the service charges. When you send money internationally and on a regular basis isn’t it good to have something similar? Unfortunately, it doesn’t happen like that, at least not for individuals. Small or medium sized businesses can still get some relaxation in charges but that too if they are good negotiators.

So, what is it that one should do when thinking of transferring money online to someone in India? Here are few tips you can follow to safeguard your money and ensure secure delivery to the recipient.

Tips for International Money Transfers

Cross border money transfer are not as similar as domestic transfers. Although online banking is the popular choice for money transfer within a country, wire transfers are the most chosen way of international money transfer.

• Search for Service that Suits your Requirement

Searching for a wire service is the easiest to do these days; Google-ing it. You should narrow down the search depending on the kind of transfer you want to make. For example, a one-time transaction on a person to person basis or transfer a sizeable amount for business purpose.

If you need to send money on a regular basis, say each month to your home in India, look for a money operator instead of choosing your bank because you lose out lot of money in the forex rate they offer.

• Do a Comparative of Service Charges

Comparing service charges of money operators is more necessary than just seeing the forex rates. Choose a remittance firm that charges minimum percentage of the sum you wish to transfer. Do ask for a detailed quote for knowing hidden charges, if any to avoid last moment surprises.

This is where most people fall into traps. There are two types of charges involved in an international process, viz., the service charge and the net forex rate. You should be aware that you do not get the exact current forex rate. Rather than ending up surprised on losing out money in the transaction, plan out the payment in such a way that your net amount remains intact for the recipient.

• Read the Fine Line of your Service Provider

Validation of your search result is as important as choosing the right mode of transfer. Get in touch with the remittance firm to see their service response and to check with their reliability. For instance, ask to know their course of action in the event of failure of transfer or delay in the transaction.

Many organizations, like banks, refund your money but only after a long investigation process. The only one losing out in the process is you and the recipient. Instead, choose a firm that refunds first and then carries out the investigation so that you can carry out your transfer via any other means.

With becoming quite a common affair, many transfer operators have started marketing themselves with lucrative offers. Get in touch with them for knowing the above mentioned details to have a secured and safe transfer.

Blaine Fabi is a prolific content writer who has been writing articles and blog for last couple of years with phenomenal achievement. He is well versed in writing articles on international money transfer.