Your Resource For Money Transfer To Pakistan

Send Money To Pakistan, India, Philippines, Bangladesh, Brazil and numerous other countries of the world

Whether you want to send money to Pakistan, India, Philippines, Bangladesh, Brazil and numerous other countries of the world for a relative, a loved one, for the purchase of a property or for business, you may have found information on the best way to do this hard to find. So what are your choices to transfer money overseas? And what are the advantages and disadvantages on your options to send money internationally?

We aim to give you a brief guide for some of the methods available such as using PayPal, Western Union, Moneybookers, iKobo Card & Bank Transfer to transfer money or send cash to Pakistan, India, Philippines, Bangladesh, Brazil and numerous other countries of the world and we will highlight the important information that will allow you to make the right decision for your requirements. In addition we will outline some important information that you may need such as cash limits, how to undertake bank transfers, requirements to purchase property in Pakistan and also information on the various Visa processes for non-Pakistan nationals.

Money Transfers To Pakistan, India, Philippines, Bangladesh, Brazil and numerous other countries of the world

This very much depends on the speed you wish the funds to be transferred, whether the recipient has a Pakistan bank account, if it is a one off payment or if you need to send funds on a regular basis.

Remittances are transfers of money by foreign workers to their home countries. The World Bank estimates that migrants officially sent home more than $167 billion to their families in developing countries in 2005 – a figure more than twice the level of international aid. Remittances are playing an increasing larger role in the economies of many nations. In Latin America and the Caribbean remittances play an important role in the economy of the region. In the region, remittances have overtaken the combined sum of Foreign Direct Investment and official development aid in terms of dollar value. Remittances also account for more than 10% of GDP in six Latin American and Caribbean countries and exceed the dollar flows of the largest export in almost every country in the region.

Comparison of Methods of Transfer of Money to India

Remittance is Tax Free in India. Transferring Money to India is easy, like Online shopping. Money transfer through Cheque by ordinary post takes five weeks. The fastest transfer is iKobo VISA Plus ATM card withdraw, where the money is available in 30 seconds. For most services, an Account Registrations is a requirement.

Some of the Money Business Service (MSB) companies that can transfer money to India are

ICICI Bank's Money2India.

Times of Money : Remit2India.

Western Union Money Transfer : by Credit Card, Telephone, Money Order.

MoneyGram International Money Transfer.

iKobo ATM VISA card Transfer: Fastest 30 seconds.

MoneyBookers.

Cash2India.

Money Transfer Overseas
Remit to Asia, Africa, South America,

We have all experienced times when our loved ones needed more money than they have, which is exactly when money transfers can be a saving grace. Money transfer agencies provide a speedy way for people to wire money quickly, online, or at a money transfer center/branch. With hundreds of locations around the world, you're sure to find one close to you. The Money Transfer process is very simple. You can log in from the comfort of your office or home and complete the transaction with some added security checks. The money is delivered directly to the door of your beneficiary via a locally payable Demand Draft or pick it up at a Agent office/ATM or it is directly credited into the account in your home country.

Following are the Money Transfer Agencies you can use to remit funds to major countries in the world.
Please check the specific guidelines of money transfer agents.

While each method has it merits and pitfalls one should take into consideration the following when choosing an overseas remittance service: handling charges, exchange rates, transfer time and convenience.

Most of the services allows you to use your debit account or bank account to send money to your home country.

No running around for you or your family - right from your desktop to their doorstep!

Important consideration
It is important to understand that each financial institution or banking organizations or the Post Office will set their own daily rate of exchange based upon a market rate. Some banks have better rates than others, so monitor their published rates before choosing your service provider.

Disadvantages of Banking Transfers
The disadvantages of transfering money overseas through the banking system.

You mail the check (cheque) abroad to the recipient.

Check clearing can take from 4 - 6 weeks atleast.

Even though it's easy to issue a check, it may not be easy for the recipient to cash the check.

The recipient will be charged a fee for check processing.

Some countries have less streamlined banking systems than others and may not honor foreign drawn checks. Foreign Drafts

The money comes out of your account when the draft is prepared, not when the recipient gets it. (Money is held in the banking system for a longer time)