What’s the best and cheapest way to send money from India to the USA?

TRANSFERWISE 

Pros:

  • Trusthworthy
  • world leader in money transfer
  • can deliver money in couple of minutes once you have transferred to the same account couple of times
  • competitive rates
  • first transfer free when u use this link >   TransferWise 
  • Widest network and hence you can transfer from almost anywhere to anywhere in the world
  • Available as an app on iOS & Android

Cons

  • first transfer can take longer
  • other services can give better rates at times. So, good idea to check other sites listed below  

Orbitremit 

Pros:

  • most of the time better transfer rates than Transferwise
  • First transfer free using link >   orbit remit
  • loyality benefits earn free transfer on 3 transfers (which makes the transfer cheaper)

Cons:

  • Only available from UK, New Zealand and Australia to other countries
  • stringent verification process

XendPay

Pros:

  • You can decide your own transfer fee i.e. you have option to pay as low as ZERO transfer fee
  • Guaranteed Exchange Rate
  • Supports transfers to NRE & NRO accounts (in India)
  • Signing up using the referral link will enroll you to receive the promotional bonus ( 10 USD / Euros / GBP as joining bonus – refer my blog for details)
  • link to join >  xendPay 
  • Cons:
  • No instant transfer possible
  • limits on daily and half yearly transfer limits which get raised on regular usage

Note: XendPay gives promotional gift cards to referred new customers. It normally 10USD/ Euros/GBP, based on their referral policy

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