Find the Best Ways To Send Money to India From the USA (2024)

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Top Providers For transfers from the USA to India

Based on 22,308 comparisons made by Monito users in the past 3 months.

Compare live results

Best for Transfers to a Bank Account

  • Cheapest

    Panda Remit Monito Score 8.9

    Find the Best Ways To Send Money to India From the USA (14) Cheapest

    in 70% of all comparisons

    Find the Best Ways To Send Money to India From the USA (15) Fastest

    in 70% of all comparisons

    Go to Panda Remit
  • Top rated

    Wise Monito Score 9.5

    Find the Best Ways To Send Money to India From the USA (17) Top rated

    in 100% of all comparisons

    Go to Wise

Best of 13 providers. Compare all

Best for Transfers to Cash Pickup

  • Top provider

    Remitly Monito Score 9.3

    Find the Best Ways To Send Money to India From the USA (19) Cheapest

    in 99% of all comparisons

    Find the Best Ways To Send Money to India From the USA (20) Top rated

    in 100% of all comparisons

    Find the Best Ways To Send Money to India From the USA (21) Fastest

    in 100% of all comparisons

    Go to Remitly
  • Find the Best Ways To Send Money to India From the USA (22) Cheapest

    in 99% of all comparisons

    Find the Best Ways To Send Money to India From the USA (23) Top rated

    in 100% of all comparisons

    Find the Best Ways To Send Money to India From the USA (24) Fastest

    in 100% of all comparisons

Best of 2 providers. Compare all

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Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from the USA to India:

Find the Best Ways To Send Money to India From the USA (29)

Best Ways to Send Money from the USA to India

  • The best rated: Wise (9.5/10)
  • The cheapest: Panda Remit
  • The fastest: Panda Remit
  • Best cash pickup network in India: Western Union
  • The best rated (transfer to cash pickup): Remitly (9.3/10)

About Money Transfers from the USA to India

Monito compares 14 providers offering international money transfer services from the USA to India. The total cost of the cheapest available option at any given point in the past month was 0.0% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 6.9%.

💸 Number of providers

14

🏆 Most often cheapest provider

Panda Remit

💰 Average Lowest Total Cost

0.0%

💰 Highest Total Cost

6.9%

👍 Recommended Providers

CurrencyFair, Xendpay, Panda Remit, Xoom, Instarem, Wise, Revolut, Remitly, Paysend, OFX, WorldRemit, XE Money Transfer, Moneycorp

⚡ ️Fastest Transfer Time

In minutes

💳 Pay-in Options

Credit card, Bank transfer, Debit card, Direct bank payment

💵 Pay-out Options

Bank account, Mobile wallet, Card, Airtime top-up, Cash pickup, Bank account (via international transfer), payout.BILL, Cash delivery

💸 Most transferred amount

1000 USD

Find the Best Ways To Send Money to India From the USA (30)

How to Transfer Money From the USA to India

If you're like most NRIs sending money home from the US, you probably want to keep your currency exchange fees to an absolute minimum when converting from dollars to rupees. Using Monito's comparison tools and savvy how-to resources, you can find exactly how to transfer money from the USA to India by taking advantage of the simplest, speediest, and most secure ways to transfer your money from the US to India — no matter the amount or the pay-out method.

First, it's worth noting that although there are many ways to transfer money from the USA to India, not all of them are suited for your needs. Some (e.g. wire transfers with traditional banks) can often be costly and slow. In contrast, others (e.g. PayPal's international transfer arm Xoom) are popular among NRIs in the US but still don't offer the fairest fees and exchange rates, the fastest transfer speeds, or the most flexible payment options.

To find out how to transfer money from the USA to India, take a look at the overview below to discover how to transfer different amounts from the USA to India for two of the most popular receiving methods — bank deposits and cash pickup:

Bank Transfers From the USA to India

To transfer money from the USA to a bank account in India, you will have two options. Firstly, you can make a wire transfer from the USA to India (also known as a "wire transfer"), which is done from your American bank account to your (or your recipient's) Indian one. These wire transfers are the preferred method of high-street banks and tend to be very slow and pricey. See more about making a wire transfer in our in-depth guide here.

The other option you have is to make an ordinary bank transfer (i.e. an ACH transfer in the US) to the local bank account of an international money transfer specialist service, which, in turn, will pay out the funds more quickly and cheaply to your recipient in India than the bank would.

When sending money from the USA to India, these specialist services are significantly faster and equally secure as the banks, and everything is wrapped up at a fraction of the cost. This is because funds sent via wire transfers (the method most banks use to send money abroad) typically need to follow several steps as they pass along the SWIFT network, adding new time and costs to the process. Find out more about how ordinary ACH transfers differ from wire transfers in our guide here.

According to search data from Monito's comparison engine for transfers from the USA to India in 2020, the following transfer services were, on average, the cheapest for various transfer amounts:

Very Small Bank Transfers (<US$100)

💻 Service: WorldRemit

💵 Cheapest: On 53.3% of Monito bank searches below US$100 from the USA to India in 2020

Find the Best Ways To Send Money to India From the USA (31)

Go to WorldRemit ❯

Small Bank Transfers (<US$500)

💻 Service: Ria

💵 Cheapest: On 28.4% of Monito bank searches up until US$500 from the USA to India in 2020

Find the Best Ways To Send Money to India From the USA (32)

Go to Ria ❯

Medium Bank Transfers (<US$1,000)

💻 Service: Instarem

💵 Cheapest: On 38.1% of Monito bank searches up until US$1,000 from the USA to India in 2020

Find the Best Ways To Send Money to India From the USA (33)

Go to Instarem ❯

Large Bank Transfers (>US$5,000)

💻 Service: Instarem

💵 Cheapest: On 64% of Monito bank searches above US$5,000 from the USA to India in 2020

Find the Best Ways To Send Money to India From the USA (34)

Go to Instarem ❯

To learn more about the cheapest services for sending money online from the US to India, take a look at our in-depth guide on the topic here.

Very Large Bank Transfers From the USA to India

If you'd like to send a substantial amount of money from the US to a bank account to an Indian one (i.e. more than US$50,000), then your best bet will be to use a foreign exchange broker. These services are similar to ordinary money transfer and remittance services. The main difference is that they're specialised in large transfers and can negotiate favorable exchange rates on your behalf.

According to search data on Monito's comparison engine from 2020, OFX was by far the cheapest forex broker for international money transfers from the US to India, being the cheapest service on 80.7% of all searches above US$50,000 during that period.

Cash Pickup Transfers From the USA to India

The other major pay-out method popular among NRIs sending money from the USA to India are cash pickups. These transfers allow recipients in India to retrieve their money in cash from a physical location rather than having them deposited electronically into their bank account.

According to search data from Monito's comparison engine in 2020, the cash pickup services that were, on average, cheaper than the rest depended largely on how much money was being sent in the first place:

Smaller Cash Transfers (<US$1,000)

💻 Service: Ria

💵 Cheapest: On 55% of Monito cash pickup searches up until US$1,000 from the USA to India in 2020

Find the Best Ways To Send Money to India From the USA (35)

Go to Ria ❯

Larger Cash Transfers (>US$10,000)

💻 Service: Xoom

💵 Cheapest: On 49% of Monito cash pickup searches up until US$10,000 from the USA to India in 2020

Find the Best Ways To Send Money to India From the USA (36)

Go to Xoom ❯

Looking To Save on Every Transfer?

There's probably a fair chance that you're looking to save money on your transfers from the US to India no matter the amount you send or the receiving method. If this sounds like you, then we recommend that you make a point of checking ourcomparison enginebefore every transfer. That way, you'll ensure that you both discover the cheapest service in real-time and make considerable savings on your transfers to India:

What's the Best Way To Send Money to India From the USA?

In our experience comparing the international money transfer market, we've found that when people are looking for the "best" way to send money from one country to another, they're usually talking about cost, speed, security — or a combination of all three.

When it comes to security, you can rest assured that all services appearing on Monito are fully authorized money transfer operators that have been vetted against the highest standards of security and reputability even before showing up on our comparison engine. However, while all services on Monito are just as secure, not all of them are just as cheap or fast when it comes to transfers from the USA to India.

The Fastest Way To Send Money to India From the USA

While it's sadly not possible to send money instantly from the USA to India, it is possible to get the job done very quickly, with some services taking a matter of hours — or even minutes.

When it comes to bank transfers from the US to India, Remitly, for example, offers some of the fastest transfers available, and with them you can expect money to arrive in your recipient's bank account in just a matter of minutes. For cash pickup transfers, Small World and Remitly are on average the quickest services, with cash also frequently being ready for pickup in India within minutes after payment has been made in the US.

To see Monito's top tips for sending money abroad quickly, be sure to see our how-to guide here.

The Cheapest Way To Send Money to India From the USA

As we discovered above, the cheapest way to send money from the USA to India depends quite considerably on the receiving method and the amount sent. However, on average, the following services took the cake in 2020 according to search data from Monito's comparison engine:

For transfers from the USA to India for cash pickup, the cheapest services in 2020 were Ria (which was the cheapest on 47% of searches), Xoom (cheapest on 29%), and MoneyGram (cheapest on 14%).

Find the Best Ways To Send Money to India From the USA (37)

Instarem was the cheapest transfer service on 24% of all Monito searches from the USA to India in 2020

Go To Instarem ❯

For bank transfers from the USA to India, the playing field was more competitive. According to Monito's comparison data, the cheapest services in 2020 were Instarem (which was the cheapest on 24% of searches), followed closely by Ria and Wise (both cheapest on 22% of searches), and Skrill (cheapest on 19% of Monito searches.)

We hope that you found this comparison guide useful. To discover the lowest money transfer fees in real-time, be sure to run a search on Monito's comparison engine to get the job done and sign up for rate alerts so you can find the best times to send money from the United States to India.

The Cheapest Way to Send Money From the USA to India

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps likePaypalare typically very expensive options when you factor in all fees including hidden exchange rate margin fees).

As we mentioned above, the cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks or Paypal. Their fees depend on various factors:

  • Pay-in options: Credit card, bank transfer, cash payment, etc.
  • Amount transferred from the USA to India: The cheapest operator will not necessarily be the same for a transfer of $500 and a transfer of $5,000.
  • Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
  • Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to India. You shouldcheck out Monito’s live comparison toolwith dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to India From the USA

It should come as no surprise that thespeed of your transfer depends on the method you choose to send your money from the USA to India.

Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day.

When comparing the fastest options, always be sure to also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found inour guide.

FAQ About Sending Money From the USA to India

  • How do I find the lowest USD/INR exchange rate? 💱

    The best way to send money from the US to India depends on the way the transfer will be paid for and deposit, the amount you send, the countries between which you make a transfer, and the transfer speed. Sound too complicated? With Monito's real-time comparison engine, you can find the best option to send money to India from the US with just a few clicks.

  • Is money sent from US to India taxable?

    In general, yes. In India, the transfer recipient will be required to pay gift taxes on all amounts greater than 50,000 INR per year, unless they're your close relative of yours, in which case they'll pay no taxes. On the American side, a maximum of US$14,000.00 is allowed to be transferred per person per year without having to pay tax. Anything exceeding that amount, and you as the sender will be taxed by the IRS.

  • What's the cheapest way to send money to India from the US? 💸

    A good rule of thumb: never send money from the US to India with banks, Paypal, or cash-based money transfer services. Sending money with them is very expensive if you calculate all the fees (including hidden currency exchange rate margins). However, there are also plenty of other options to send money from the US to India. You can compare on Monito and find the cheapest money transfer operator for your next transfer to India.

  • Can I send money from the US to India using Google Pay? 💳

    Yes, you'll be able to send money to India from the USA using Google Pay either through Wise (which offers the best rates to Indian bank accounts) or Western Union (which offers cash pay-out methods and a large number of other payment options.)

  • How to send money from the US to India bank account at the best rate? 🏦

    Your bank in the US might not offer you the best rate to send money to India. But there are plenty of dedicated money transfer services that will allow you to send money to an Indian bank account at the best rate. You can compare these services using Monito's live comparison tool. Here's how to send money from the US to an Indian bank account with a money transfer specialist:

    1. Compare & find the cheapest service on Monito.com
    2. Open an account online with them
    3. Set up your transfer, with the beneficiary's bank details in India
    4. Fund your transfer by wire transfer, debit or credit card
    5. Click 'send' and... voilà! The money is on its way 💸

Best Rated Providers to Send Money from the USA to India

9.5

Monito Score 2024

  • Customer Satisfaction 9.4

Go to Wise

9.4

Monito Score 2024

  • Customer Satisfaction 9.3

Read the full review

9.3

Monito Score 2024

  • Customer Satisfaction 9.3

Read the full review

8.9

Monito Score 2024

  • Customer Satisfaction 7.6

Read the full review

8.8

Monito Score 2023

  • Customer Satisfaction 8.5

Read the full review

8.8

Monito Score 2024

  • Customer Satisfaction 8.1

Read the full review

8.7

Monito Score 2024

  • Customer Satisfaction 9.5

Read the full review

8.4

Monito Score 2024

  • Customer Satisfaction 8.4

Read the full review

8.3

Monito Score 2024

  • Customer Satisfaction 9.1

Read the full review

8.0

Monito Score 2023

  • Customer Satisfaction 8.2

Read the full review

7.8

Monito Score 2024

  • Customer Satisfaction 6.5

Read the full review

6.9

Monito Score 2023

  • Customer Satisfaction 8.3

Read the full review

See Monito's In-Depth Money Transfer Guides

Best Ways To Send Money Internationally March 27, 2024 - by François Briod Fastest Ways To Send Abroad November 22, 2022 - by François Briod Transfer Specialists vs Banks November 22, 2022 - by Byron Mühlberg Best Money Transfer Services October 11, 2023 - by François Briod

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almostall major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • Find the Best Ways To Send Money to India From the USA (54)

    You save money on your transfer by selecting the cheapest provider.

  • Find the Best Ways To Send Money to India From the USA (55)

    The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

  • Find the Best Ways To Send Money to India From the USA (56)

    Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

  • How can I use Monito to find the best option to send money to India?

    Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.

  • I simply use my bank to send money to India, do I really need to compare other options?

    Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.

  • Can I trust a company I found on Monito but never heard about before?

    Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.

  • Is it possible to send money with Monito, or are you just a service to compare money transfer services?

    Monito is not a money transfer company. We’re here to help you find the best way to send money to India.

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito

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    Monito's experts spend hours researching and testing services

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    Affiliate commissions we may receive never impact our independence

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Mid-market exchange rate

Find the Best Ways To Send Money to India From the USA (60)

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source fromXE.

Find the Best Ways To Send Money to India From the USA (2024)
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