Do you want to get your money transferred to Pakistan? This article will walk you through some of the best options to send money to Pakistan or any other countries located in a distant continent such as Asia or Australia etc. Mentioning Pakistan specifically is important to show what it is likely to take to secure a safe and quick transaction in far-flung areas such as these.
Several channels are operating in the market, including banks and money transfer companies for transferring funds. Their services, however, differ in terms of fee, exchange rates and time etc.
Here is a list of quick steps you need to take in the first place.
Firstly, find a trustworthy online money transfer company and make sure the services you are getting correspond to your money transfer needs.
Secondly, once you have chosen a company, get registered with it either through the website on through mobile apps most of such companies have.
Thirdly, as soon as you have taken these steps, you are now ready to transfer funds.
Here is, now, a quick look at the best methods for money transfer to Pakistan.
Bank Transfers:- Mostly people from the West pour remittances into Asian countries and they usually do it through banks which, according to the Western calculations, offer the best exchange rates and low service fees. But, when these charges exceed a certain limit, then it is, of course, recommended to look for online money transfer companies.
Online Transfers:- Online money transfer companies such as ACE, TransferWise and WorldRemit etc., are some of the most common and famous companies offering these services with ease and convenience for the customers. All you need to do to avail of their services is to either sign up or create an account with these companies and get your money transferred.
Which of the following ways you choose to transfer your money depends on which service provider you select? These ways are bank transfer, direct bank debit, credit card or debit card.
Some of the online money transfer companies support payout options such as direct bank deposits, cash pickup and mobile money etc.
In-store Cash Transfer:- Some of the online money transfer companies require physical visitation to the stores from you to transfer funds to Pakistan; whereas, some of the companies convenience you through their mobile apps on which you can transfer funds while you are on the go.
Let’s see what is needed to send money to Pakistan.
- A government-issued photo ID;
- Name of the recipient, address and phone number;
- Recipient’s bank details in case if the transfer is into a bank account;
- Transfer payout method.
Here is a list of some of the main reasons why people send money to Pakistan online.
- Family Support;
- Savings and Investment;
- Education and Related Expenses:
- Loan Repayments; and
- Injecting in Business Capital.
Here is a list of reasons why people choose money transfer services.
- Easy set-up;
- Exchange rate flexibility;
- Support for multicurrency;
- Security and safety;
- Low fee; and
- Swift transfers.
Conclusion: – This article has thrown sufficient light on the best methods of cash and online money transfer to Pakistan and also what you need to send your funds. We have also briefly touched upon why people send remittances to their home countries and also a few of the reasons why people choose online money transfer companies are also enlisted here.
ACE money transfer services can be your best choice if you are looking forward to sending money to your home country as ACE has tailor-made solutions to our customers’ needs and requirements as far as sending money online to Pakistan or elsewhere in the world is concerned.