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Sending Money to India
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My Experience (Good)
I have been using the money transfer to HSBC and it has been 3 yrs and I never had an issue. But I was using the Wire transfer which was free initially from my bank and later it was charging $20. But I think it is worth it as it takes 6-8 hrs to show up in my HSBC acct in India.
FYI- The way it works is that HSBC has a acct in NY that would you need to wire the money to and provide Indian acct details and it will be creditted on the same day.
Option 2) If you dont want to spend even that $20 for the wire transfer is to open a acct with Washington Mutual. They are offering FREE Domestic and International Wire transfers. YES it is FREE. I opened an acct just few days back so I need to still send some money and check the service.
Ive sent money via ICICI, Citibank, IDBI, remit2india and what not.. but Im happy with HSBC as I am getting good exchange rates. It is usually todays dollor rate on the net minus 0.6 or so which is far better than other banks.
FYI- The way it works is that HSBC has a acct in NY that would you need to wire the money to and provide Indian acct details and it will be creditted on the same day.
Option 2) If you dont want to spend even that $20 for the wire transfer is to open a acct with Washington Mutual. They are offering FREE Domestic and International Wire transfers. YES it is FREE. I opened an acct just few days back so I need to still send some money and check the service.
Ive sent money via ICICI, Citibank, IDBI, remit2india and what not.. but Im happy with HSBC as I am getting good exchange rates. It is usually todays dollor rate on the net minus 0.6 or so which is far better than other banks.
All Replies (0)
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