Send Money to India from the United States with Remitly (2024)

FAQs

Send Money to India from the United States with Remitly? ›

Is Remitly free? Creating an account with Remitly is free and there are small costs associated with money transfers you complete on the app. These vary based on where you are transferring money to and the amount you are sending.

Is Remitly free? Creating an account with Remitly is free and there are small costs associated with money transfers you complete on the app. These vary based on where you are transferring money to and the amount you are sending.

Bank or Wire Transfer:

It is one of the most common, efficient and rapid means of money transfer to India. Wire transfer is through your bank. The bank levies a fee depending on the amount. The bank offers exchange rates.

Low Limit: The first downside of Remitly is that it has a low limit for how much money you can send at once. This could be a problem if you need to send a large sum of money. However, unlike other money transfer services, like Western Union, Remitly's limit is significantly lower.

In many cases, Remitly tends to offer lower fees and competitive exchange rates compared to Western Union. Just keep in mind that the total transaction cost varies depending on the amount sent, the destination and the transfer method. We advise you to compare current rates and fees before choosing a provider.

Xoom and Remitly offer fairly similar services, so you'll want to compare them both to see which suits you best. Xoom is convenient as you can use a PayPal payment method easily. However, Remitly may use a better exchange rate for some transfers. Comparing both is important to make sure you get the best deal out there.

Is Remitly good for sending money to India? ›

Send money to India using Remitly - step by step

Select 'Send money'. Type in the amount you'd like to send. Choose a delivery method. For bank deposits, you'll need to enter your recipient's bank account details.

I have tried different platforms in the past for sending money, and since finding Remitly, it is the only one I now use. I love that the money arrives in a bank account in the Philippines fast. The process online couldn't be simpler. Remitly is the only way to go for international money transfers!

There is no IRS limit on sending money to India; however, if you exceed the lifetime gift tax exemption limit of $12.92 million, you will be liable for taxation.

You can send cheques or demand drafts to a branch of your bank in India along with a letter containing instructions. This letter will carry details of the relevant account. Your money will be deposited in that account number. You can also remit payment to an Indian bank account through third-party transfer options.

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

Send money from USA to India using Google Pay: Step-by-Step

The GPay app essentially lets users send money to India using Wise or Western Union. As a sender on the app, you will have a choice of which provider to use. Here is a step by step guide on sending money to India using Gpay: Tap on your Google Pay/GPay app.

IRS rules on international money transfer: There is no limit to the amount of money you can send or receive, however, money transfer service providers/banks/other financial institutions may have a daily transaction limit.

Here's how to send money to India using the PayPal app: Go to Payments in the app. Choose your delivery method, and choose India as your selected country. Follow the prompts to specify the amount, recipient, and payment information.

ICICI Bank's Smart Money Order allows you to send money anytime, anywhere in India. Simply log on to ICICIBank.com and enter the address of the receiver and the amount to be sent. The funds will be delivered to your beneficiary's doorstep.