With the internet’s popularity and rapid growth of Information Technology, the world around us is changing swiftly. The IT sector is transforming everything we do and how we do them. From Online Banking to bill payments, from booking travel to purchasing groceries, from paying taxes to other bills, we do everything online.

So, it is no surprise that sending money online has also become popular globally. Money transfer from US to India is possible through various methods, such as:

Bank Accounts

When you want to send money online using a Bank Account, you can do an ACH money transfer online. These are direct bank-to-bank transfers, secure, and generally very fast. An ACH transfer is also a great answer to how to transfer money online without a Debit Card. If you do not want to deal with Credit or Debit Cards, you can also go for international remittance between banks online.

Debit Cards

An online money transfer from a Debit Card is good as the money still comes from your Bank Account. Due to this, the fees on Debit Card transfers are generally lower than those on Credit Cards. If you want to send money online using a Debit Card, provide the money transfer company with your Debit Card information so they can deduct the funds from your account.

Credit Cards

Much like funding your transfer with a Debit Card, you could also use a Credit Card to pay for your money transfer. Just be aware that the associated fees might be much higher. Moreover, since you are required to pay the dues for the US-to-India money transfer later, you must keep the payment receipt handy before the statement date.

Cash

Paying your online money transfer with cash would require you to go to a provider’s office, bank, or agent location to hand over the cash. Since every bank and money transfer service provider’s needs differ, you must clarify the terms before confirming.

Online remittance

An online money remittance typically involves setting up two specific payment instruments: a funding account and a payout account. Set up an account with a bank that supports online remittance and link the funding and payout accounts to the same. This way, the money transfer operator knows which account to get incoming funds from and remit outgoing funds.

Later, Online Banking channels provide a quotation, including the exchange rates, associated fees, and time taken for fund transfer. After initiation, it deducts incoming funds from the sender’s account and provides a timeline for fund delivery. They rely on interbank networks to execute the transfer. The sender can track the fund’s progress when they send money to India from the USA. The details are reasonably accurate, and everything is predictable.