Yes definitely! However, sending money overseas through your bank is not advisable, as local banks typically have more expensive rates and transfer fees. This is because they have a physical storefront and staff, and they add these costs to their money transfer rates. In comparison, online money transfer like OFX will give you better rates and charge less to send cash. They are also highly convenient, as you can do it in the comfort of your own home.
There is no best day to send money. Movement in foreign exchange rates depends on the global demand and supply of goods and services, as well as political and economic factors. So if you’re planning to send money to India, now is the best time!
In most cases, it is cheaper to send money to India in Australia before you head overseas. Additionally, you could get better rates if you send money to India online.
Online money transfers to India are generally cheaper. Money changers with a retail store have to pay for rent, staff, and insurance, which increases the cost of these additional third-party charges. Some physical money changes may also not have the currency you’re after, making it difficult to change money. We recommend online money transfers if you’re looking to change money into Indian Rupee.
If you’re looking to send money to India or make any international transfers, OFX is a highly simple and convenient choice. To begin, you’ll need to create a free account with OFX, or log in if you already have one. Once logged in, you can request a live quote for your transfer, which shows exactly how much your recipient will receive after fees and currency conversion. Once you have all the necessary banking information for your recipient, enter your payment details and specify the amount you wish to send. OFX will automatically calculate the currency exchange amount into Indian Rupee, […]
The most cost-effective way to send money to India locally is usually via an online banking transfer using OFX. Unlike traditional banks, OFX applies a small, transparent margin on the exchange rate instead of charging high hidden fees. This makes your cost to send money much cheaper.
Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
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