How to transfer money from India to the USA?

There aren’t many options for sending money from India to the USA. Many companies won’t do this transfer. You can choose Ria, Xoom or Transfast money transfer. I will compare these services and help you decide which service to use.

Ria money transfer to India

Ria is a large money transfer service established in New York. With this service, you can send money to more than 130 countries worldwide. The money will be delivered in minutes or days depending on the payment and payout method you choose. You can send up to $3000 per day. If you decide to send money, you need to create an account. It is easy and will take you only a couple of minutes.

This company offers you many payment methods. You can pay online, by phone, with your bank account, credit or debit card, and cash. The fees can vary depending on the country you send money, an amount you want to transfer, and the payment method. If you choose a bank account as the payment method, you will pay the lowest fee. You can find a calculator on Ria’s website, and estimate the charges for transferring money.

For transferring 10000 INR to the USA exchange rate will be 1 INR = $0.015. You can choose bank deposit or cash pickup as the payout method. A transfer fee doesn’t depend on the payout method. It varies depending on chosen payment method.

Payment method Transfer fee
Bank account $3
Credit Card $6
Debit Card $5
Cash $9

The cheapest option is paying with your bank account and the most expensive with cash.

Xoom India

This service is established in 2001. It is different from others because you can get your money back if it is not delivered on time. The transfer speed is the highest when you use cards as your payment method. This service promises instant money transfer, but it can depend on your bank. If you want to transfer money, you must create an account and provide the required information.

If you want to transfer 10000 INR to the USA with Xoom India, the exchange rate will be 1 INR = $0.015. Fees vary depending on your payment method, an amount you send, the currency, and delivery method.

Payment method Transfer fee
Bank account $2.99
Debit card $4.99
Credit Card $4.99

Maybe you will pay more fees if you choose to pay with your credit card.

The cheapest option is paying with a bank account. The fee is the same for debit and credit card.

Xoom exchange rate in India

Xoom makes a profit both through its fees and exchange rates. It uses locked-in exchange rates. You can find a calculator on Xoom’s website, and see the exchange rates and fees for sending money.

“Exchange rates are based on world currency markets, which change all the time. Xoom is constantly working to provide you with the best foreign exchange rates (Xoom’s website)”.

Xoom exchange rate in India

Transfast India

This is a popular money transfer service in India. It gives you competitive exchange rates. The maximum amount you can send is $10000. You can pay with a bank account or with debit or credit card. With Transfast India, you can’t send money to many countries. Visit its website to see to which countries you can send money.

If you decide to send money, choose the country you want to send the money. Write the amount you transfer to the recipient, and the required information about him. Then select payout and payment method.

Imagine you want to send 10000 INR to the USA, the exchange rate is 1 INR = $0.015. You can pay with your bank for free. If you choose a card, you will pay a transaction fee. The money will be delivered in 3-5 business days.

Comparison

In the table, I will make a comparison between Ria, Xoom and Transfast services for sending 10000 INR from India to the USA. I wrote the fees for paying with a bank account. The fees for transferring money with debit and credit card are higher.

Service Exchange rate Transfer fee Transfer time
Ria $0.015 $3 within a few days
Xoom $0.015 $2.99 within a few hours
Transfast $0.015 $0.00 3-5 business days

All services offer the same exchange rate for transferring 10000 INR to the USA. Transfast is the cheapest option for transferring money from India to USA because you won’t pay a transfer fee.

If you want to send money from India to the USA, you can choose Ria, Xoom or Transfast service. They all have their pros and cons. You can always send money from your Indian bank account or use a wire transfer. Wire transfer is the easiest option for sending money, but it can be expensive.

Categories: Money Transfers

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