As a Non-Resident Indian in the United Kingdom, there might be several reasons for you to send money to India. Maybe you are sending money to support your family, pay your bills or get ready for the holidays.

Whatever reasons be it, while sending money home, you will come across issues like

• High transfer fees
• High conversion charges
• Takes a longer time to get deposited to an Indian bank account

How do I transfer money to India?

Unlike the pre-pandemic world, transferring money to India has become quick and economical.

There are several options for you to pick from. You can either go with traditional banks like HSBC, Lloyds, ICICI Banks, or online money transfer websites like Western Union, Transfer wise, Rewire, etc.

The traditional banks charge a lot for transfer, and the exchange rate is really less compared to the other option. I have always preferred online money websites because it the cheapest and quickest method.

In this article, I will give a brief about all the credible online money transfer apps and websites that I have tried and tested.

I will answer these three critical questions for all the money transfer apps and websites.

1. What are the features?
2. What is the exchange rate?
3. Is it secure?

In the meantime, it is crucial to understand the verification process.

All of the money transfer apps and websites do have a strict verification process. Here are the verification steps

1. OTP messages to your email and UK phone number
2. On app scanning of your BRP (Biometric Residence Permit) or National Identity Card
3. Upload address proof. You must hold a valid UK address to initiate a transfer. The accepted documents are Bank statements and Utility Bills.
4. On app scanning of your Passport
5. Real-time selfie video or a picture

It takes up to 24 hrs for the companies to verify your identity. You will receive a notification on the app when it is ready for you to use.

Discover the different apps and avail latest unique offers on your first transfer.

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Rewire:

What are the features?

• The fast and simple verification process
• Quick money transfer
• If you sign up to Rewire using my link, you will get 3 free transfers.
• Compared to the other apps, the fee is capped at 1% based on your transfer amount. This makes Rewire affordable.
• Track Payments
• Request for a free debit card

How does the exchange rate look like?

Rewire is a secure money transfer app where you can transfer 99%, similar to the market rate. Today, the market rate is £1 is 101.46 Rupees and Rewire offers 101.179 Rupees. Pretty good, isn't it?

Is Rewire secure?

The company complies with all the international rules and regulations for money transfer. As mentioned above, you will be asked to submit your proof of id to initiate the transfer. Transactions are protected by SSL certifications and firewall protocols to uphold the integrity of user data.

I am saving every time I send money home with Rewire. Signup now to get your first 3 transfers for free.

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Wise (Ex-TransferWise)

What are the features?

• The simple and easy verification process
• Quick money transfer
• Conversion charges range from 0.3% to 3%
• The first transfer above £200 to £500 is FREE if you use my link
• Large money transfers are possible
• Track your transfer

How does the exchange rate look like?

Wise, formally known as TransferWise, is known for its ultra-friendly transfer rates. On the 4th of April, the market rate is for £1 is ₹101.46, but through Wise, you will receive only ₹72 after a fee of £0.29. Usually, the higher the money that you transfer, the lesser the transfer fee.

For example, if you transfer £200 to India today, the fee is £1.78, and you will receive around ₹20,100. Of course, for your first transfer, you can make use of the fee free first transaction.

Is Wise secure?

Yes, Wise is very secure. Wise is the largest money transfer company in the UK with a more than 95% satisfaction rate. As mentioned above, you will be asked to submit your proof of id to initiate the transfer.

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XE Money Transfer

What are the features?

• The simple and easy verification process
• Quick money transfer
• Moderate conversion rate
• £25 Amazon Voucher on your first qualified transaction (£1000) if you use my link
• Track your transfer

How does the exchange rate look like?

On the 4th of April, the market rate is for £1 is ₹101.46, but through XE, you will receive only ₹99.6165. If you send £1000 today, the receiver gets ₹99,817.30 with NO TRANSACTION FEE.

Is XE Money Transfer secure?

Yes, XE has updated its security, and it is very secure. As mentioned above, you will be asked to submit your proof of ID to initiate the transfer.

If you would like to transfer money through XE, use the limited £25 Amazon voucher.

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WorldRemit

What are the features?

• Simple and easy verification
• Quick money transfer
• Good conversion rate
• Use my unique referral code for £20 cash back on your first transaction above £100 → REFERULY2CMP5FP67
• Best exchange rates upfront, with no hidden costs.
• Track your transfer

How does the exchange rate look like?

On the 4th of April, the market rate is for £1 is ₹101.46, but through WorldRemit, you will receive only ₹100.72 with the fee of £1.49. If you send £200 today, the receiver gets ₹20143.41.

Is WorldRemit secure?

WorldRemit is a licensed company headquartered in the United Kingdom. They review and update their security to meet the international compliances. As mentioned above, you will be asked to submit your proof of ID to initiate the transfer.

If you would like to transfer your money with WorldRemit, make use of the limited period £20 cashback offer with my unique Referral Code → REFERULY2CMP5FP67

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CurrencyFare

What are the features?

• Simple and easy verification
• Quick money transfer
• Good conversion rate
• Best exchange rates upfront, with no hidden costs.
• Track your transfer
• €50 cashback on your first transfer worth €2000 minimum with my unique link

How does the exchange rate look like?

On the 4th of April, the market rate is for £1 is ₹101.46, but through Currency fare, you will receive only ₹100.76. If you send £200 today, the receiver gets ₹20152.04

Is CurrencyFare secure?

CurrencyFair is a reliable and safe money transfer provider. CurrencyFair is regulated and authorised by the Central Bank of Ireland. As mentioned above, you will be asked to submit your proof of ID to initiate the transfer.

These are my top 5 money transfer apps for you. I have tried and tested these apps, referred a lot of friends and family. To date, there were no hiccups. Unlike other transfer apps, these are credible and have users all over the world. To get the most out of your first transfers, use my unique code to get cash backs and rewards for future transactions.

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