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Money Transfer
While you are in UK sending money to your family, friends, and relatives is another important thing you will have to know. There are many different options for you to transfer money to those loved ones.
NRE and NRO accounts come with the option of sending draft to your loved ones at their door step free of cost.
There are few reliable money transfer service providers where if you pay the amount you would like to send to your loved ones they will send the money to their door step. You will have to pay service fee for their service.
UK post office does have the option of sending money abroad with a fee attached to it. If you pay the amount you would like to send to your loved ones with the address details they will receive money order. There might be fast and normal delivery options available for you to choose.
UK Banks provides option of transferring money to a bank account in your country which is usually called as wire transfer. You need to fill in a form with the details of the bank account, address of the person you would like to send money and amount in pounds you would like to send. There will be a commission you will have to pay for this service. Usually money will be transferred to your preferred bank account of your country in around 3 to 5 working days. The currency conversion will be calculated on the basis of available exchange rate on the day you are advising the bank in UK.
NRE and NRO Accounts
NRE and NRO accounts come with the option of sending draft to your loved ones at their door step free of cost.
Money Transfer service providers
There are few reliable money transfer service providers where if you pay the amount you would like to send to your loved ones they will send the money to their door step. You will have to pay service fee for their service.
Postal Orders
UK post office does have the option of sending money abroad with a fee attached to it. If you pay the amount you would like to send to your loved ones with the address details they will receive money order. There might be fast and normal delivery options available for you to choose.
Bank Transfers
UK Banks provides option of transferring money to a bank account in your country which is usually called as wire transfer. You need to fill in a form with the details of the bank account, address of the person you would like to send money and amount in pounds you would like to send. There will be a commission you will have to pay for this service. Usually money will be transferred to your preferred bank account of your country in around 3 to 5 working days. The currency conversion will be calculated on the basis of available exchange rate on the day you are advising the bank in UK.
