Money Transfer To India From Canada

by | Nov 10, 2014 | Financial

Use the internet for quick access for money transfer to India from Canada. When you take advantage of transferring money online you’ll get quicker results and you can even monitor it. Without needing to take a trip into the bank If they need to transfer money from one of their accounts to another they can do so. It can take a few days for this process. It is still quicker than in the past. It originally could take weeks to reach an overseas area.

The NRIs desire a quick, transparent, secure and reliable money transfer service to India so that their hard-earned money is not misused. The older methods of money transfer to India like money transfer agents, Demand Drafts, cheque deposits/transfers and global postal services involve some inconveniences for the remitter. Remitters are sometimes not able to track the status of the remittances, which have been launched through these conventional methods. Consequently, there is uncertainty in the remitter’s mind. Such traditional methods to remit money to India involve a lot of paperwork, take longer time to reach the recipient and have unfriendly exchange rates. Also, the possibility exists of ‘in-transit’ loss of cash through such methods.

Many established online money transfer services charge no transfer fee for remitting money to India as long as the money remitted is above a certain level. Even if a transfer fee is levied, it is low and much lower than the transfer fees imposed by traditional remittance methods. Thus, with online money transfer services, there is a cheap money transfer to India with no hidden fees.

Online money transfer services remit money faster than conventional money transfer services, with the latter taking much more time to transfer money to India. The ability to track the status of online money transfers is an added advantage of online remittance services. This facility is not available in conventional remittance services.

Thus, when such comforts are provided by the online remittance platform, it is natural for the senders to swing towards the online remittance option. After all, remitters do not want to pay more transfer fees and have an expensive money transfer.

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