It's simpler, faster, and more secure, giving you the peace of mind you need. Conveniently send money to Pakistan and track transactions right from your phone. They charge a flat rate for sending money, so if you are sending anywhere from $500-1000 USD to Pakistan at once, you are definitely getting a better deal with TransferWise. Your current browser does not have JavaScript enabled or you are using a browser that does not support JavaScript. 1.88% worse than midmarket rate 285.4681, 1.38% better than midmarket rate 285.4681. Promotional FX rate applies to first 1000.00 sent. Choose from multiple payment options available and enjoy additional perks. You can see more information on our dedicated mid-market rate page. And honestly, were not the cheapest this time. Most of these options are quite expensive, so lets look for the best balance. With our services, you can send money online 24/7. If you want to send money to your loved ones in Pakistan, you will need to have the following information. Fill in the details of your recipients bank account. Choose recipient in Pakistan. Last but not least, we guarantee your money will be received or well refund your payment in full. If youre sending money from GBP, we offer different types of transfers like Low cost transfers and Fast and easy transfers. Over 70 million downloads worldwide. There are numerous better solutions available. We hold your money with established financial institutions, so its separate from our own accounts and in our normal course of business not accessible to our partners. The countries covered include United States of America USA, United Kingdom, Germany, France, Italy, Saudi Arabia, India, China, United Arab Emirates, and many others. With Monito you can compare all of the most popular options side-by-side and make an informed choice with just a few clicks. Key sectors have been recording below-par performance amidst economic headwinds and austerity measures put in place by the IMF. The adoption of the National Financial Inclusion Strategy 2015 changed the financial services landscape and allowed more people to participate in the financial system. Girls from households in rural Pakistan tend to benefit the most. Step 3: Start sending money and reloading phones to Pakistan wherever you go with a few taps and slides right from your mobile device. Banks are great channels for sending money home, but the number of Know Your Customer (KYC) checks can be overwhelming. Learn more about how Remitly transfers work, Check out our transfer offers for first-time senders, Follow the steps in our Help Center for help with your first transfer, Learn more about Remitly delivery options. Send money to your recipient's bank account. Finally, transparency and fairness in finance. Many online money transfer operators offer low fees and excellent exchange rates. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods. After facing this frustration themselves back in 2013, co-founders Franois, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. You can track your transfer in your account, and we'll tell your recipient it's coming. The government has been encouraging Pakistanis abroad to use banks and money transfer operators when transferring money to their loved ones at home. Send money directly to your recipients bank account in Pakistan. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations. Read below to find the easy way to send money to Pakistan. When you convert money through a money transfer service, you will typically find that the provider adds a margin on top of the exchange rate to make money. That's exactly why our team of experts works tirelessly to offer the most in-depth, up-to-date, and helpful consumer advice. May 26, 2023 12:36pm. Our information is based on independent research and may differ from what you see from a financial institution or service provider. Its a quick, easy and reliable way to transfer and receive funds. All you need is an email address, or a Google or Facebook account. Prediction is very accurate. If you have a bank card that doesnt charge international ATM fees, this will most likely be the strongest and most convenient option. For the most up-to-date and accurate results, start a new search. Here's how to send money from the US to Pakistan with a money transfer specialist: With our model, the only losers are the expensive banks or providers youll stop using! Send money to Pakistan with Western Union. This gesture keeps you connected with people at home and also ensures your family and relatives are comfortable. We can only move your money during normal banking hours. Ends 12/31/2022. Our wallet is a FINTRAC Canada regulated wallet that you can load up and use to send money to Pakistan! There have been concerted efforts by local exchange companies to increase their tie-ups with international money transfer operators. ","anchorName":"#how-best-to-monitor-exchange-rates"},{"label":"Compare exchange rates of money transfer services","anchorName":"#compare"},{"label":"Where to exchange currency in the US before your trip","anchorName":"#where-to-exchange-currency-in-the-us-before-your-trip"},{"label":"Where to exchange currency outside of the US? Simply register online and verify your profile to send and receive money 24/7. Check out these links to learn more: We guarantee that your money will be received to the account you designate, or well refund your transaction in full. While they dont offer the fastest or most convenient service, they perform reasonably on these fronts. A stress-free way of sending money! It's a multi-currency account that lets you keep money in over 40 currencies, and convert between them at the real exchange rate whenever you need. If you are lucky enough to find a subsidiary of the bank that funds the cheque in Pakistan, you can cash it with no hassle. Send Money to Pakistan From UK - GBP to PKR Today - CompareRemit The Xoom mobile app is equipped with biometric login and features our easy Slide-to-Send technology. Next, enter your receivers bank details. Our comparison table for sending money to internationally looks at your specific transfer needs to and from any country in the world. Instead of jumping from website to website to get best exchage rate to send money to india (USD to INR), I compare exchage rates daily Enter Pakistan as your destination. We're part of something bigger, something that empowers over 250 million customers around the world to make secure online transactions every day. Promotional FX rate applies to first $1000.00 sent. The card number if using a debit or credit card to fund your transfer, The full name of the recipient as it appears on their official documents, If sending directly to the recipient's account, youll need to provide their account name, bank, branch, and swift code or routing number. Majority of them want to replicate this level of care back home so that their loved ones can also enjoy. Finder.com is an independent comparison platform and Therefore, they send money to enable their families to access quality private health care. Best Exchange rate comparison platform for sending money As were not a bank, your money isnt FSCS protected instead we safeguard it. Sudden events like political scandals, as well as more gradual changes like an economic upswing, can have a marked effect on the exchange rate. Alongside being regulated the services are manually checked by our team for both quality of service and online trust from such platforms like Trustpilot and Google reviews. For instance, in July 2019, many Pakistanis sent home money for the Eid al-Adha celebrations that took place on August 11-12, 2019. How much a transfer really costs is made up of two things the fees, and the exchange rate. It is important that you send money to your loved ones from time to time. Any rates shown are subject to change. Ends 12/31/2022. If you are sending money overseas, these companies typically charge lower fees than traditional banks. Get human support when you really need it from people who care. Send money to Pakistan from United Arab Emirates Send money to Pakistan from the UAE with Al Ansari Exchange! Yes. Once you set up the account, you can fund it in several ways including instore cash deposit, bank transfer, and credit or debit card. The fees charged by the correspondent banks makes it difficult for the sender to estimate the much the recipient will get. All from the power of your fingertips! If you plan to transfer the money from the US to Pakistan, the best option is to do it online. This coverage includes people in rural areas with no access to formal banking services. Step 3: Select a convenient location for easy cash pickup, including Bank Alfalah, UBL, MCB, Allied Bank. Sometimes transfer times can differ based on payment methods or verification changes. Its a great way to save time or pay in cash. Cash pickups are relatively safer and convenient for sending small amounts. Therefore, recipients end up getting more money in rupees. How long does it take to send money with Wise? Zaks focus is in breaking down technical concepts into approachable nuggets of information. Whether or not you should go for this option depends on the provider you choose and the network of agents or affiliate banks they have in Pakistan. 0. Send money overseas to your loved ones by comparing Pakistani Rupee (PKR) to Australian Dollar (AUD) remittance exchange rates. Use this to find a provider that provides the best all-round service for you. Fast, low-cost, and secure online money transfers from the USA to Pakistan. In 2018, the rupee plunged more than 20% in a move seen as part of the International Monetary Fund (IMF) influence to correct the countrys current-account and budget deficits. The Pakistan banking sector has a total of 35 banks comprising public banks, private banks, and foreign banks. Then, choose your payment method cash, card or bank transfer and pay for your money transfer. The following are some of the common reasons for Pakistanis to send money to their loved ones back at home. Repeat your previous transfers - save the details, and make your monthly payments easier. Your Wise account is a bit like having local accounts all over the world. Compare services on transfer speeds and fees, then click. Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Some payment methods are quicker than others. Learn how to send money to Pakistan bank accounts online in just five steps. Instead of concentrating their charges on a few transactions they spread them over the thousands of transactions. Best Exchange Rates - Compare Money Transfer Services for Sending Money Learn more about how to find the best exchange rate for USD/AED. Pakistanis in the diaspora still have economic ambitions back home. Promotional FX rate applies to first $1000.00 sent. Choose which corridor to send money through: The overall best way to transfer funds to Pakistan is through Wise. This site provides data on the cost of sending relatively small amounts of money - remittances - from one country to another. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. I live abroad & also have my connection back to India by sending money to my family. Zero transfer fees on your first 3 transfers with code 3FREE*. Have questions? By Scott Roxborough. It is also the rate that banks use to trade money with one another. Make sure to compare exchange rates in order to find the best deal. We use 2-factor authentication to protect your account and transactions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Pakistan Remittance Initiative (PRI) This joint initiative has strengthened the remittance framework of banks and money transfer operators in Pakistan. In comparison, the total cost of the most expensive provider was on average 5.7%. Send money online to 200 countries and territories with more than 500,000 Western Union agent locations. Below-Target Economic Growth In the year ended June 2019, the Pakistan economy is estimated to have grown at 3.3%. Monito receives a referral fee from the provider you selected. 5 Please make sure that the receivers name accurately matches the details of the bank account owner. Explore the account used by 16 million people to live, work, travel and transfer money worldwide. Use a debit card to avoid these fees and charges. Every time. Majority of its previously unbanked populations now have access to financial products and services. Total $0.00. Exchange rates are volatile right now, so we can't guarantee this rate. Its your money. 4.5/5, 2.2k ratings. A fast, easy way to send money to Pakistan Find Today's Best Dollar to PKR Exchange Rates Money transfer Travel money Exchange rate From USD To PKR 1 USD = PKR Mid-market exchange rate Sponsored 8.1 Monito Score WorldRemit gives you fast and secure online money transfers at excellent rates! Compare exchange rates USD US dollar EUR Euro 1 USD = 0.935500 EUR Mid-market exchange rate (from Reuters) 1 minute ago You send exactly USD The above information applies when you pay in via bank transfer. Transfers subject to review and may be delayed or stopped if an issue is identified. Whether you are sending in sterling pounds, United States dollar, Saudi Arabia riyal, euro, Kuwait dinar, or in Vietnamese dong, money transfer services will allow you to do so. On Wise, there's no room for sneaky bank surcharges or creeping hidden charges. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. Some options include Western Unions fast service, MoneyGram, Xoom, and Ria Money Transfer. Compared to the 4.6% paid at a bank or traditional cash transfer service, Monito users have saved around $80 million in total to date! The prices displayed above are our best guidance on the likely exchange rates, and for indicative purposes only. You can send up to $5,000 USD to Pakistan in a single money transfer. Cash Collection -The recipient can pick the cash from an agent of the provider. Unlike banks, we don't loan your money out to other people and businesses. This is when using your bank account to send funds to a bank account in Pakistan. Open a Wise account and debit card before you leave the US, and you can hold and convert 50+ currencies to spend or withdraw with your linked Wise debit card. Read more here. Can I Use PayPal to Transfer Money Internationally? There are multiple ways to easily send and receive money in Pakistan but these will largely depend on the provider you decide to use. Also, bank wire transfers are impractical for sending small amounts because of the high fees. The best way is undoubtedly with the Remitbee Wallet. Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. Thats a strength in numbers you can trust. Make bank deposits to all banks, including Bank Alfalah, UBL, MCB, Allied Bank. However, this is slowly changing with money transfer operators penetrating the remittance channels into Pakistan. All the options you can quickly compare on Monito to find an easy and inexpensive way to send money to Pakistan. Step 1: You can log in with your PayPal credentials or easily create a Xoom account, starting with your name and email address. Fee $0.00. Send money online to bank accounts or to cash from a 15 AED transfer fee online 1 Money transfers to Pakistan You can choose to send money straight to a bank account or for a cash pickup in minutes at a Western Union agent location 2. Completly fair comparison between money transfer services. No provider can buy their way to the top of our results. View all banks. Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates. . Service and funds availability depends on certain factors including the Service selected, the selection of delayed delivery options, special terms applicable to each Service, amount sent, destination country, currency availability, regulatory issues, consumer protection issues, identification requirements, delivery restrictions, agent location hours, and differences in time zones (collectively, Restrictions). Unlike most banks, Wise uses the real exchange rate for sending money just like the one used by Google or Reuters. rates and Receivable shown above are variable i.e. Links on this page may earn us an affiliate commission. * Disclaimer : Exchange rates/rates, transfer fees/fees, Transfer Time, comparison data and any other remittance information presented on this website is generic and high level, provided for your convenience and information purpose only. In most cases, youll also need to upload a picture of a valid photo ID to verify your identity. Optional, only if you want us to follow up with you. One per customer. Get the most Pakistani Rupee for your currency exchange with fast, secure Pakistan money transfer by Xe. To help you find the best provider for your needs, we've created a guide to help you find the best ways to send money overseas. The recipient gets money in PKR directly from Wises local bank account. With the My WU program, youll earn points on every money transfer. Remittances play a major role in boosting the economy. How To Transfer Money From A Bank Account To PayPal Instantly. Were committed to keeping your personal data safe, and were transparent in how we collect, process, and store it. Links on this site may direct you to the websites of our partners. Get the best currency exchange rates for international money transfers to 200 countries in 100 foreign currencies. A money transfer from the USA (USD) to Pakistan (PKR) should arrive . Keep in mind that when it comes to Payoneer, they are offering you ease of use and convenience in exchange for more of your money. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. We believe transferring money between countries should be a painless experience for everyone involved. with fees and hidden charges. Wise offers a great deal for sending money to Pakistan as well as to other places including China and India. Before you send money to Pakistan from the USA, its a good idea to check your costs. Our encryption and fraud monitoring help protect your transaction 24/7. View all cash pickup locations, Step 1: Just tell us how much to deposit. Combine that with a low, upfront fee, and you get international transfers that are cheap, fair and transparent. Pakistanis abroad need to send money to their families to enable them to wade through the tough times. We only recommend regulated and secure companies. Programs such as Cash over the Counter (COC), Non-Resident Pakistanis (NRP) accounts, and United Bank Limited (UBL) Pardes Account and free debit cards make it easier to send and receive money in Pakistan. We might need to verify things like your ID, address, or where you got the money from, when you make a transfer. The following is a general list of what is typically required. Cash pickup, bank deposit, and mobile money are available when you send money from the United States to Pakistan. Great job RemitAnalyst team. This is not a mid-market rate. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. Your receiver can pick up their money transfer at more than 13,0001 agent locations throughout Pakistan. Compare money transfers from Turkey to Pakistan in 3 remittance companies with exchange rates from 1 USD = 282.6771 PKR. Pay online through your bank account, with your credit or debit card, or cash in-store. Monito is Trusted by 15+ Millions Users across the globe. Select who you want to send money to and which pay-out method to use. We aim to find the balance between the quality of the service, customer satisfaction and the commercial agreements we have, and continue comparing services in a transparent way. Rates subject to change. Check exchange rates - see on the app how exchange rates have changed over time. Online providers almost always offer a much better rate than the one used by banks. Your nasty surprise is hiding away in an unfair exchange rate. We make sure that each table displays the most relevant brands to the country you are sending money to and from. Step 2 Compare online money transfer providers below for USD to PKR to discover current exchange rates, fees, and transfer time when sending money to Pakistan from the USA. Send money to Pakistan from the United Kingdom If you know in advance you will be sending money abroad or traveling overseas, then you can monitor currency trends ahead of time. Some of them send money to help establish new businesses while others boost the cashflows of existing businesses. This is . New customers only. The following are some of the reasons for and benefits of money transfer services. Learn more about currency exchange rates for USD/VND. And things may take a little longer if the country youre sending to has a national holiday. Transfer money overseas with credit or debit card. The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low. Compared to mainstream banks, money transfer operators charge minimal rates per transaction. Run a searchto see which service providers send your money across borders at or near the realmid-market exchange rate: The highest US dollar rate recorded against the Pakistani rupee was on July 30th, 2022 when 1 USD = 240 PKR. Youll need their account number and type, mobile number and full address including state and city. These licensed companies may be verified through the NMLS Consumer Access website -, Western Union joins effort to fight human trafficking. You can trust us to get it where it needs to be, but dont take our word for it. Send money to Pakistan from Canada | Remitbee Step 2: Simply enter how much money to send, who its going to, and where theyll receive it in Pakistan. Scan me! Using a bank is the first option that springs to mind when it comes to money transfers from the United States to Pakistan. Join millions of people who trust Remitly to send money home, 2012 - 2023 Remitly, Inc. All rights reserved. The service is fair, transparent, and costs far less than high street banks and other currency exchange services. The Monito Score is an independent, in-depth evaluation based on 12+ key criteria. Add the details of your recipient. Wise offers the most generically good deal out of all the options. Compare and save on your next money transfer. The best exchange rates will help you get more foreign currency for your dollars. Find services with low commissions and rates near the market rate. Read our Privacy Policy. How to transfer money to Pakistan online? Do you have any discounts for new customers? Were always honest with our customers. However, some providers and source country regulations may require additional information to allow you to send money to Pakistan. We are affiliated with some of the partners displayed in the tables. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com, Get access to the lowest rates by filling out the form below. Your credit card company may charge a cash advance fee. Youll need your receivers name, address, mobile number and bank details. Best of all, you can send money to Pakistan using a credit or debit card, directly from your bank account, via Apple Pay , or with cash at more than 55,000 agent locations in the US. We're committed to giving you great exchange rates and low fees every single day. Over 70 million downloads worldwide. Use our price estimator to get a handle on your transfer fees3, times and exchange rates. New customers only. If you have any questions about our listings, please dont hesitate to email us at [email protected]. Global Impact Finance LtdRue du Pont 221003 LausanneSwitzerland. To find out more, check out our simple guide about the fastest ways to send money abroad. Receivers bank details including their International Bank Account Number (IBAN) and the receiving banks Bank Identifier Code (BIC). Different providers have different payout options including bank deposits and cash collection. Far too often, sending money abroad is both pricey and problematic. Payoneer is a great and easy option to make online money transfer to Pakistan. The agent could be a standalone store or a financial institution. Sometimes you might want to wait until a special occasion like a birthday or wedding to send money to Pakistan. Free live currency exchange rates from a dozen of leading money transfer service providers, A one stop platform for comparison of best remittance providers saves valuable time while future expected exchange rates saves money, Supports all modern mobile devices, tablets and desktop browsers for the best optimum use and better user experience, Graphical information makes user easy to understand, analyse and decide the best remittance service, World's first innovative machine learning technology to predict future exchange rates based on strong analytics, A high precision calculator gives final receivable amount by including all sneaky and hidden charges, Enter the amount of money to send, select source and destination countries, choose your desired payment sending method (Bank ACH is set as default) & Click "COMPARE", Sort results by clicking appropriate option based on your preference (for example, sort by best rate or fastest or both).