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If you’re a non-resident Indian (NRI) living and working in the USA, you may need to send money back home for:
Find out more about NRI services.
Remitting money to India can be safe, quick and convenient. Here are some of the methods available.
Online money transfer services
Global Transfers (internet banking)
A wire transfer is a popular way for NRIs to directly send money from one bank to another. Most major US banks offer this service.
You can transfer money from your US bank account to your NRE (non-resident external) bank account, or to another recipient.
Here are some things to note about wire transfers:
International remittances can be made using online services such as PayPal, Western Union and MoneyGram.
These services are easily accessible and offer multiple payment options. But their fees can also be higher than bank transfers, and they may not offer the same exchange rates as banks.
Link and manage all your HSBC accounts overseas with the Global View and Global Transfer service. You can:
To be eligible you need to be an HSBC Premier customer, have an HSBC account in at least one other country or region, and be registered for online banking in all countries and regions you have an account in.
Find out more: International Money Transfer
You can also send money to India from the USA by using your banking app. For instance, HSBC has a dedicated NRI banking service that makes money transfers easier. If you have an NRI account or HSBC savings account outside India, you can remit money easily.
Other popular money transfer apps include Wise and Remitly.
The HSBC Global Money Transfer service in the HSBC India Mobile Banking app allows you to send money in 20 different currencies to over 200 countries and regions.
You can make free and fast money transfers to other HSBC accounts abroad, whether you’re a local or NRI. There’s also no fee on transfers to non-HSBC banks. Exchange rates are updated every 90 seconds during market hours, so you can calculate the currency conversion.
HSBC India offers digital accounts to non-resident Indians. Let us help you open an account quickly and easily.
Here are some of the benefits of using the HSBC India Mobile Banking app for money transfers.
Whether you’re a US citizen or NRI, you can use the HSBC India Mobile Banking app to send money to your own or other account holders for no fees. Note that some intermediary banks may charge for incoming international transfers. You can see an estimate of the fees when reviewing your transfer.
Even if you or your recipient do not have an HSBC account, you can still transfer to over 200 countries and regions. The money can be sent in more than 20 currencies.
With the HSBC India app you can view foreign exchange rates, i.e. US dollars to Indian rupees, before making a transfer. The app updates the rates every 90 seconds during market hours, so you should get real-time rates. This can help you calculate exactly how much you’ll be transferring and take advantage of favourable rates.
The app is available 24/7, so you can make a transfer at any time, from anywhere. You don’t need to wait for business hours or go into a branch. It’s also easy to navigate as well as quick and secure. Adding recipients can be done in just a few clicks.
Explore: How to send money abroad from India
If you’re wondering about how to send money to India from the USA, a good starting point is to consider your needs.
Once you’ve answered these questions, you can look at the best options for you. Wire transfers can work well for large amounts of money that need quick delivery, but banking apps can be more convenient with better rates and no fees.
Remember, always try to compare the options and track the exchange rate to make sure you get the best value for your money.
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