Send Money from Australia to India Online: 5 Tips for Enhanced Safety and Convenience

Getting a job in Australia can be a dream come true for any Indian looking for a professional opportunity abroad. But once you start working there, you'd require to send funds to your family back in India regularly.

While offline money transfer agents were very popular in the past, an increasing number of Indians in Australia now prefer online transfers. But to ensure complete safety and convenience, there are a few important things every sender should know about. Five of the most important ones are as follows-

1. The Reputation of Service Provider

There are now hundreds of online money transfer service providers. To avoid selecting an unreliable service or getting involved in a money transfer scam, it is always essential to prefer reputable service providers. For instance, there are now banks that offer Australia to India money transfer service at competitive exchange rates and transfer fees.

As compared to trusting a rather unknown online money transfer agent, a reputable bank is definitely a far better option. Moreover, you will also experience complete peace of mind if you are using the services of a bank as you will know that your funds will reach your recipient safely and securely.

2. Customer Support

If you are still looking for an online transfer agent, make sure that you also check the customer support offered by the agent. You should be able to instantly get in touch with the support team of the service provider with regards to your query about the service or the initiated transfers.

While every other online transfer service now promises 24x7 support, this is often just false advertising to attract customers. So, before making a decision, make sure that you try and get in touch with the support team of the service provider to know whether or not they actually deliver what they promise.

3. Additional Banking Facilities

When you select a top Indian bank for your online transfers from Australia, you also get access to a host of NRI banking facilities. For instance, the bank might offer NRE and NRO bank accounts for easy movement of funds between Australia and India.

Some of the banks now also offer term deposit accounts for NRIs to help them earn interest on their idle funds. As online transfers and banking needs will be handled by the same bank, this will eliminate the need for you to deal with multiple entities for money transfers and banking facilities.

4. User-Friendliness

While online transfers are known to be more convenient as compared to offline transfers, the level of user-friendliness can vary significantly between service providers. Look for a service provider that has an easy-to-use online portal for initiating and tracking transfers.

The platform should be secured with a number of advanced security solutions for the complete safety of your transfers. It should also allow you to save your recipient details so that you are not required to enter the details every time you want to make a transfer to the same recipient. A mobile app would be an added advantage.

5. Transfer Duration

Even the transfer duration can vary between services. Most of the online money transfer services take around 2-3 working days when you send money from Australia to India. However, if you are using the services of a bank and you as well as your recipient have an account in the same bank, the transfer will be significantly faster.

So, you can consider opening an account in the bank whose money transfer service you will be using and ask the same to your recipient as well. This will help you make sure that your recipient receives the funds as quickly as possible.

The Right Way to Use Online Money Transfer Service

Understanding the benefits of online transfers and using online transfer in the right manner are two different things. If you want to make sure that your online transfers are convenient and safe, you should definitely remember the tips discussed in this post.

As you can see, the service provider you select will have a significant role in the ease and convenience you experience while using online money transfer. So, give some time to the selection process and go with one that is reliable and has an excellent reputation among other NRIs.

Disclaimer: "The contents of this article is meant merely for informational purpose. Any reliance placed on such information is therefore strictly at one’s own risk."

I am Reuben Williams. I am a professional writer. I would like to share my thought on financial sector.