How to Transfer Money to USA From India: 5 Cheapest Methods Revealed

How to Transfer Money to USA from India

Thinking of how to transfer money to USA from India?

With so many options available, you might get confused with what money transfer service to choose. But remember, not every option is as good as it sounds. There are certain hidden charges warped beneath those sugar-coated words that you may not figure out at first, that will quietly eat a hefty amount from your hard-earned cash.

A 2021 report revealed that India sent $75.86 million in remittances to the United States, emphasizing a more than ever need for quick, efficient, and affordable money transfer options.

Whether you’re a parent sending tuition fees to your child in the USA or an entrepreneur expanding your business globally — you can’t wait for days for your money to reach its destination.

That’s why our experts at DSGPay have curated the 5 cheapest ways to transfer money to USA from India, which will save you time, effort and mental frustration.

Key Points to Consider When Transferring Money From USA to India

Sending money internationally won’t be stressful if you know what things to look for while searching for transfer methods. Below are some key factors that directly affect how much your recipient gets, how quickly they get it and how much you’ll pay in the end. Let’s take a look.

How to Transfer Money to USA From India

1. Reliability

2. Exchange Rates

3. Transfer Fees

4. Speed

5. Convenience

How to Transfer Money to USA from India

6. Customer Support

7. Transfer Limits

8. Security

How to Transfer Money to USA From India: 5 Best Methods

1. DSGPay

We are an Asian-based money transfer service, offering both local and global payment solutions. You can open multi-currency accounts and use SWIFT transfers for international payments. Our goal is to provide fast, secure, and affordable options for businesses and individuals.

How to Transfer Money to USA From India

Simplify your US financial operations with DSGPay—send, receive, and manage funds seamlessly. DSGPay is your trusted partner for cost-effective US-based transactions.

2. Wise

When it comes to money transfers, wise (formerly known as Transferwise) is the most popular option. They offer real exchange rates with no market-ups, so you get exactly what you expect without any hidden costs. It also has a user-friendly interface, making it easy to navigate through options.

Though it does provide fast money transfers and competitive exchange rates, however, few users have reported certain drawbacks like sudden account deactivation without clear explanation, funds blocked for prolonged periods and extremely poor customer support in case an issue pops up. Still, a majority of users have shared positive experiences with this platform making it a great choice for many individuals and SMEs.

How to Transfer Money to USA From India Using Wise:

Why Choose Wise

3. Western Union

When thinking about money transfers, you can’t skip one of the cross-border remittance giants in the industry — Western Union. They have a huge network covering over 200 countries, including the USA. Being the oldest payment transfer service, it is also considered highly reliable.

Compared to other alternatives like DSGPay and Wise, the transfers are a bit slow. Western Union give you the option to pay through bank transfer, credit or debit card. Just make sure your Western Union profile name matches your bank account name.

In addition, there are limits set for money transfers. For educational purposes, you can send up to $10,000, and for other purposes like medical treatment, the limit is lower to $5000.

How to Transfer Money to USA From India Using Western Union:

Why Choose Western Union

4. BookMyForex

Another cheapest way to transfer money to USA from India is through BookMyForex. They are known for providing competitive exchange rates and minimal transaction fees.

Their app is user-friendly and their customer support is prompt as compared to others on the list. Best of all, they don’t have any foreign transaction fees and the recipient receives the funds within 48 business hours. BookMyForex also offers options like demand draft or wire transfer, making the service even more appealing. Overall it is valued for transparency, reliability and convenience.

How to Transfer Money to USA From India Using BookMyForex:

5. ExTravelMoney

Another easy way to send money to the USA from India is through ExTravelMoney — a leading marketplace for online remittance and exchange. The platform lets you compare rates from trusted banks and exchange houses, ensuring you select only the best.

The best part is that you can lock exchange rates for up to 3 days. Once you have selected your rates, you can securely transfer funds via NEFT/RTGS, and your recipient will receive the money within 2 business days. The remitter needs to provide the beneficiary’s bank details (name, swift code and account number), KYC details, and a signed A2 form.

How to Transfer Money to USA From India Using ExTravelMoney:

Why Choose ExTravelMoney

Other Ways You Can Send Money to the USA From India

1. Bank And Wire Transfer

Wire transfer and bank transfer are both ways to send money electronically. A bank transfer involves sending money from your Indian bank account directly to the recipient’s US bank account. Though it may seem convenient, in reality, this method can be really slow and a bit expensive. 

Wire transfers, often done through systems like SWIFT, are faster and mainly used for international transfers. Both methods require details like account numbers and bank names to complete the details.

Some of the major banks that offer wire transfer services include ICIC Bank, State Bank of India (SBI), HDFC Bank, Axis Bank, IDFC First Bank and Punjab National Bank (PNB)

How to transfer money to USA from India

2. Foreign Currency Demand Draft

Most people consider the Foreign Currency Demand Draft (FCDD) as one of the safest ways to transfer money to their recipient. It’s like a paper check that your recipient can easily cash or deposit into their bank account. In addition, you can cancel and request a new one in case it gets stolen or damaged.

However, it takes a few days to process, gives you poor exchange rates, and can have high fees. 

Final Thought

Now you know how to transfer money to USA from India depending on how fast your recipient requires the money. If it’s not urgent you can opt for slower options like bank transfers or Western Union. However, for instant transfers, services like DSGPay or Wise can get the job quickly. 

Just don’t forget to compare exchange rates, transaction fees, and delivery speeds, to find the best option for your particular transfer.

FAQs

Q: What is the best way to send money to the US from India?

DSGPay, Wise, and Western Union are top choices, depending on whether you prioritise speed, cost or reliability.

Q: What is the cheapest way to send money from India to the US?

DSGPay, BookMyForex and ExTravelMoney offer competitive rates and low fees.

Q: How to transfer money to USA from India without tax and charges?

You can’t avoid all charges, but using DSGPay, Wise, or BookMyForex minimizes fees.

Q: How to transfer money to USA from India legally?

Use licensed services like DSGPay, Wise, or Western Union and follow RBI guidelines.

Q: How much money can I transfer from India to the USA?

Personal transfers can be up to $250,000 per year; business transfers may have different limits.

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