How to save on Fees and Send More Money to Pakistan

Information verified correct on December 3rd, 2016

Find the most cost-effective and convenient way to make an international money transfer when you send money to Pakistan from the United States

Send money the USA to Pakistan

Pakistan may be a long way away from the US geographically, but when it comes to sending international money transfers, Pakistan is closer than you might think. Whatever the reason you need to transfer funds to Pakistan, there are several options that allow you to do so.

Comparing the services of banks, money transfer companies and other international payment providers is the best way to send your funds overseas as efficiently as possible, so read on to find out how you can send money to Pakistan.

Rates last updated December 3rd, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

Banks versus money transfer companies/services

If you need to send money to Pakistan, you may approach your bank to initiate the transfer. However, if you use a major bank to complete the global money transfer, you most likely won’t receive a competitive exchange rate on your transaction, and you’ll have to pay sizable fees.

For a more cost-effective option, why not check out the services provided by a specialist money transfer company? These providers, such as Xoom and PakRemit, provide online transfers from the US to Pakistan with better exchange rates than the banks, and lower transfer fees.

Yousuf sends money to Pakistan

Yousuf works in the United States and he wants to send $1, 000 to his wife back in Pakistan. Although he knows his bank can take care of the transfer, Yousuf is put off by the bank’s low exchange rate and high fees. In an effort to save money, he compares the services of two specialist online money transfer companies.

Transfer company 1Transfer company 2
Exchange rate1 USD = 99.40 PKR1 USD = 100.08 PKR
Transfer fee$20$5
Transfer methodBank account depositBank account deposit
Processing timeWithin minutes2-4 business days
PKR Received99,400 PKR100,080 PKR

As the table shows, not only can Yousuf save $15 in transfer fees by using the second specialist money transfer provider, but will also see his family receive 680 extra Rupees.

How to compare transfer companies when transferring money to Pakistan

  • Exchange rates. The exchange rate impacts how much money arrives in your recipient’s account, so see how each provider’s rates stack up against the competition. However, don’t forget that providers with better exchange rates may also charge higher fees.
  • Transfer fees. Transferring money overseas will usually incur a transaction fee, and these can range from $3 to $25 or more. Once again, remember to examine fees alongside the exchange rates offered by a provider.
  • Transfer methods. While some providers only allow you to lodge transfers online, others will allow you to send funds over the phone or by visiting a branch.
  • Transfer options. Can you place a forward contract to lock in an attractive exchange rate now? Can you set up a regular payment to take place every fortnight or every month?
  • Turnaround time. If you need to send an urgent transfer, some providers allow you to send funds that become available for collection within minutes.
  • Minimum amount. Some money transfer providers will impose a minimum limit on the amount you can send, for example $500. This can be quite restrictive if you only want to transfer a relatively small amount of money.
  • Customer service. If you need assistance with a transaction, can you take advantage of phone, email and/or live chat customer support? Is this available 24/7 or only during specific hours?

How to send money to Pakistan from America

  • Bank to bank transfers. Speak to your financial institution about how you can send money from your US bank account to your recipient’s Pakistani bank account.
  • Online money transfer companies. Services like PakRemit, Ria and Xoom all allow you to send money to Pakistan online.
  • Money transfer companies with a cash pickup option. MoneyGram and Western Union are two companies that allow you to send funds online or from an agent location in the US, and the cash can be collected from an agent in Pakistan.
  • Checks/telegraphs. This money transfer method is not as efficient as other transfer methods, but it still enables you to send funds overseas.

Emergency cash transfers in Pakistan

Situations may arise where you need to send cash to Pakistan in a hurry so that your recipient can access it as soon as possible. When sending an emergency transfer, however, you should always be careful to take the time to review your transfer before sending it.

Make sure you’re aware of the exchange rate that will apply and any fees associated with your transaction.

Cash pickup locations in Pakistan: Western Union and MoneyGram branches in Pakistan

If you send money via Western Union or MoneyGram for cash pickup from an agent in Pakistan, you’ll need to tell your recipient the transaction reference number and also make sure they take along photo ID when they go to collect the cash. In the case of large transfers, they may need to check that the agent has sufficient cash on hand to fulfil the transaction.

Western Union

Western Union Logo

Karachi

A H Enterprise

Office 1 1st Floorshahbaz Supercomplex

Goli Maar Chouranginazimabad 2

Karachi, Sindh 74400

+92-21-8247303

Open 10am to 6pm Monday to Saturday

 

Al Hilal Society Branch

Ground Floor Nafees Arcade

Plot Sc 14 Kda Scheme No 7

Karachi, Sindh

+92-21-324124111

Open 9am to 7pm Monday to Friday, open 9am to 3pm Saturday

 

Lahore

Adil

Muhammad

Lahore, Punjab

+92-423-728283840

Open 9am to 5:30pm Monday to Thursday, 9am to 6pm Friday, 9am to 1pm Saturday

 

Al Saeed Chowk Branch

Near Phool Mandi

Saggian Bypass Lahore

Lahore, Punjab

+92-42-37163870

Open 9am to 7pm Monday to Friday, 9am to 3pm Saturday

MoneyGram

Moneygram logo 

Karachi

Bank Al Habib

Ground Floor

Shah Meer View Plot No As

Karachi,

2136837005

Open 9am to 6pm Monday to Friday, 9am to 1pm Saturday

 

Bank Alfalah Limited

Shop

Ammar Heights Sb 3 Street 1-2 3 1 1 3-4

Karachi,

21336940711

Open 8am to 6pm Monday to Saturday

 

Lahore

Royal International Exchange Company

Shop no 3 Lower Plaza akbar chowk

Lahore,

4235114031

Open 9am to 8pm Monday to Saturday

 

Bank Al Habib

Plot No 251 Block 5 Sector AII Quaid e Azam Town Kot La

Lahore,

4235117873

Open 8am to 6pm seven days

Tips for picking up cash in Pakistan

US travellers in Pakistan should exercise caution at all times, including when they pick up money from an agent location. Take care not to display your cash unnecessarily as you do not want to attract attention from strangers.

Avoid travelling through any questionable areas of town and deposit the cash you pick up in your bank account as soon as possible.

You can find plenty of Pakistan travel and security tips by reading blogs and other online travel resources.

How to send money to Pakistan

Whichever transfer method you choose, in many cases you will be required to sign up for an account with a provider.

To do this, you’ll typically need to provide the following:

  • Your name and address
  • Your contact details
  • Proof of ID

Once you’ve supplied your recipient’s details and chosen a payment method, lodge your transaction and keep a copy of any receipt or transaction number you receive. This can then be used to check up on the status of your transfer.

There are plenty of options to choose from when you need to send money to Pakistan from the United States, so make sure you compare a range of companies before deciding on the right one for you.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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