Services like WorldRemit allow you to transfer cash for nearly instant pickup. While it\u2019s a fast way to send money, you may pay more in fees than you would with a digital money transfer service.<\/p><\/div><\/article><\/div><\/div>
<\/i>Let\u2019s crunch the numbers: Sending $1,500 to India<\/h4>
Let\u2019s say you need to send $1,500 to family in India. Here\u2019s what you might face as far as fees and exchange rates as of October 2, 2020.<\/p>
Fee<\/strong><\/td>| $0<\/td> | $5<\/td> | $50 + additional correspondent bank fees<\/td><\/tr> | Exchange rate<\/strong><\/td>| 1 CAD = 54.94 INR<\/td> | 1 CAD = 54.66 INR<\/td> | 1 CAD = 53.61 INR<\/td><\/tr> | Transfer speed<\/strong><\/td>| 1 day<\/td> | Minutes<\/td> | 2-5 days<\/td><\/tr> | Amount received<\/strong><\/td>| INR 82,410<\/td> | INR 81,990<\/td> | INR 80,415<\/td><\/tr> | Verdict<\/strong><\/td>- Best value<\/li><\/ul><\/td>
- Fastest<\/li><\/ul><\/td>
- Slowest and most expensive<\/li><\/ul><\/td><\/tr><\/tbody><\/table>
Using an international money transfer service can often deliver your money instantly, something that wire transfers can almost never achieve. On top of that, you\u2019d end up sending 1,995 less rupees if you send through a wire transfer.<\/p><\/div><\/div> Compare ways to send money<\/h3>\r\nOur table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site<\/strong>.\r\n<\/div>
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