Transferwise Rating : 4.5/5
4.5/5

Transferwise

It is an online money transferor which allows people to send money from many countries to their home. Excellent and convenient services are available to those who choose Transferwise for making international transactions. This cheap, easy to use, and reliable method is more suitable for the small transactions. If you are the one who makes transactions more frequently, then it is the best option for all the perspectives. It offers you convenience and affordability at the same time.

Send Money from Australia to India using Transferwise

Transferwise is a great online banking alternative for sending money to people in India from Australia with a straightforward procedure and attractive rates. The advanced and latest services and features of this company allow people to make their transaction more efficiently. Many people from India are living in Australia and doing different jobs here and send money to their homes in India regularly. Transferwise is an excellent choice for those, and people trust the services of this company because of its renowned reputation and incredible performance. The rates of transactions are so fair and reasonable, which is beneficial for the users. Not only the timely but full safe and secure transactions are guaranteed to people who choose this method. In case of any problem, customers can contact the help center at any time, which is providing the best customer support 24 hours a day. There is no chance of fraud or deceiving as the company is registered from the concerned authorities and serving people for a long time. People from Australia can send money to any bank of India from where the receiver can collect the money quickly.

Transferwise Money Transfer Procedure Guide

It is becoming a first money transfer mode for so many reasons from which the ease of use is the most prominent one. Anyone can use this money exchange online after signing in. All the remaining procedure is so easy without any ambiguities. This fastest and reliable method aims to provide maximum convenience to users. People who are intending to send money to their beloved ones should follow the steps which are discussed below:

  • Register with the Transferwise after going to its official website.
  • You can sign up with your Facebook or Google account.
  • Insert all the required information in different fields.
  • Enter the amount you want to send.
  • You will be informed that approximately how much time the transaction will take.
  • Provide all the information of the receiver and his bank details.
  • You have to provide the images of your ID for security reasons.
  • The procedure will start.

Pros and Cons of Transferwise Money Transfer

All the money transferors come with certain advantages and disadvantages. Same is the case with the Transferwise, which is packed with many pros, but there are some negative aspects also. Let’s have a look!

Pros

  • There is no hidden fee included while you can see how much fee you have paid.
  • The batch payment option is available for business transactions.
  • The performance is efficient and fast.
  • Safe transactions are guaranteed.
  • Transferwise mobile application is also available.

Cons

  • No cash payment option is available.
  • Transferwise is not suitable to make large transactions.
  • This company supports a limited range of countries and currencies.

Low Cost

Simple

Fast

Trusted

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Important Information

Comparison shown above are only a selection and not representative of all exchanges or websites available in the market. All product applications are subject to the exchange’s rate, fees, process and eligibility criteria. Conditions, fees and charges may apply. Exchange rates to send money to India are subject to change. You should consider your needs, along with the exchange’s terms and conditions before making a decision to use any exchange to send money to India.

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This is an information website only and we do not provide advice or take into account your personal circumstances, financial situation or needs. The display or order of products (including any ‘Recommended or Preferred Exchange’) is not an indication of exchange ranking or suitability or a suggestion or recommendation based on your personal information, requirements or eligibility. These commercial arrangements and other factors may influence which products we display and in what order.

We endeavours to provide accurate information and take no responsibility for errors or oversights. The results from any calculations, such as indicative rate or exchange fees, are estimates only and should be used for general information purposes. We extract rates from publicly available websites and try to update few times a day. Please note that the rate is not real time and it can be different when you go to exchange website. It is your responsibility to follow guidelines provided by AUSTRAC, Australia’s financial intelligence agency with regulatory responsibility for anti-money laundering.

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