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.
With OFX, there are no strict minimum or maximum limits for personal transfers. This makes it easy to send larger amounts for tuition, property, or business purposes. Additionally, OFX gives you fee-free transfers when you send more than AU$10,000 (or any foreign currency equivalent). However, your local bank may require additional verification for certain larger amounts.
If you’re looking for the cheapest way to send money to India, then bank transfers are the best method. If you’re looking for the fastest way, then credit or debit cards are your go-to. OFX’s platform combines competitive exchange rates with secure, reliable transfers, ensuring your money reaches the recipient safely and efficiently, regardless of the method you choose.
Transfers using credit or debit cards tend to be the fastest delivery method to send money online. These transfers often arrive at the recipient’s overseas bank within one business day or even the same day, compared to bank transfers, which can have delays.
Delivery speeds for international money transfers using OFX take between one and two business days, depending on the currency, transfer method, and recipient bank. Large transfers may require additional verification, which could add a little extra time, but OFX keeps you informed throughout the process.
