Money transfer from India to Australia

Decades ago, transferring money to foreign lands are no less than headaches which we wished we don’t get it. As years went by the forex market has evolved with a mix of technology and expertise. You can now send AUD in a matter of time you blink. The process is so comfortable and not a headache anymore to anyone who wishes to send money abroad and also to the ones who wish to stay up there for various reasons. Here you will come to know about every aspect of Money Transfer to Australia

How to transfer Money to Australia from India?

You have got numerous options to transfer Australian dollars in today's world. Most banks have started providing you with forex services. There are forex service providers who can send the money at cheaper service charges and best rates.

It is because their priority is forex which is not for the banks. You also get online transfer services. But the highlight among these is the ones who provide both offline and online forex support. Their service does not change with the mode you opt for to transfer funds. With these kinds of options, there are always high chances of fraudulent services. So be vigilant enough to select the ones which are authorized as well as the ones who provide excellent customer support.

Modes of Transferring Australian Dollar

Wire Transfers

Wire transfers are often regarded as a safe and secure method of sending money across international borders. The transfer typically takes 1-2 days to take effect. As a consequence, it's a great option for last-minute relocation.

Foreign Currency Demand Draft

Mostly used while going abroad on immigration visa. Beneficiary has to deposit the demand draft with their overseas bank within three months of issue date. Limitation of this mode is, it take longer period of time compared to wire transfers.

Difference Between Wire Transfer and Foreign Currency DD

There are some noticeable differences between these two methods of money transfer. We will look into the prominent ones.

The first one is the speed of transfer. Wire transfer is much quicker since everything is followed up digitally. But that’s not with the demand draft. In case if you lose the draft midway, you need to wait to get another one. You also have to wait for the draft to reach the receiver to collect funds.

The second one is comfort. You can book the wire transfer online at any time and from anywhere. And it will happen without the need for your physical appearance.

Take these differences into account when you Transfer Money to Australia the next time.

Benefits of Choosing Online Wire Transfer service from Orient Exchange

We make sure the transfer happens in time and is processed at the earliest. Even if it requires verification of documents physically you need not have to travel to us. Our agents will travel up to you to get everything done. We are determined to give the customers a seamless experience of International Money transfer.

You will get the best rates in the market if you choose us. Unlike banks who keep a fixed forex rate for a day, we keep it live, so that you can take the advantage of that fluctuating forex rates. Hence transfer money at the best available rates.

Going by above, wire transfer is the best way as compared to Demand Draft because it is secured, less costly and also quick. Australian Dollar Demand Drafts can be opted, if you already have an bank account in Australia. We are 100% trustworthy and are authorized by the RBI to perform forex deals. We provide our services at no hidden cost or extra cost.

What are the required beneficiary details to send AUD?

The beneficiary details required by the sender to send money to Australia are described below so that you can contact him/her to collect it before you initiate a forex deal.

• You need to have his/her full name as per his government-issued Identity cards. His/her address and his/her bank address, also its name.
• You will also need the account details of the beneficiary not his pin by the way.
• You will, at last, be asked to enter his swift code and BSB code to make sure the funds reach the correct person.
• With these details, you will be able to complete your Wire Transfer to Australia smoothly.

Few steps to transfer money to Australia from India

Step 1

To process an online money transfer, you need to first know who are all are providing you with online wire transfer services.

Step 2

Once known, shortlist the forex dealers based on customer review and authenticity.

Step 3

Now go through their fees and exchange rates. Finalize the best deal you can get. Make sure that the service provider does not charge you with hidden fees or high servicing fees.

Step 4

Gather all the documents required for the money transfer to happen so that you can submit it when prompted.

Step 5

Now navigate to the web portal, login into your account a then select your service and enter the amount you need to transfer. You may be asked to submit a soft copy of the documents. Submit it and proceed.

Step 6

The wire transfer will get completed in 24-48 hours.