Hello everyone, How are you all doing, Finally I'm here with a new video,
So today's video Title, as you've read It already,''Best Way To Send Money To India''
From Canada, It can be India, Pakistan, Bangladesh, Nepal, I mean these all countries,
Where Usually South Asian People came from, How to send money?
I've already made a video before, You can see here,
In that I only talked about what I used, Now I've received many comments on that video & I've already written It In my list to make this video,
In which I'll let you know 3-4 process to send money,
In that video, I've only told you that how to send online, But how to take''CASH PICKUP'' Service,
I mean If you'll send money from here & over there your Parents, Relatives and how anyone there can Pick Cash?
That's It & If you want to send Directly from your bank, Without using any other app,
Because you know People are having a sense of Safety, So I'm covering each & everything In this video,
Watch full video, So like this video cause It'll gonna be a Informative Video, So let's go to the video & I'll let you know which options are available In Canada.
So what I've done In this video that I've set an $1k amount, Which I want to send India, Let's say,
& Will see the Fee of every Provider, How much It'll Cost?
So you can see which Is the best, & I mean what Is the Processing Time , In how much time the money will be delivered,
Will see that things on their Websites, What they are Claiming, Right.
So First Segment I want to Pick, It'll be 3 Segments.
First of all ''ONLINE SEGMENT'' In which you'll send online money & It'll be delivered Online & you don't have to go Bank & your receiver too.
2nd one Is ''CASH PICKUP'' Service, You can send through any mode Online Debit Card, Credit Card
& the Receiver will pickup Cash through a Specific Center,
& 3rd one Is ''BANK''
So your Scotiabank & any other Bank Like CIBC, have this option to send money globally,
So If you want to send money from It, So It'll makes you feel like sense of safety & like Insurance that you're sending from Bank,
I've Include that too, So we will talk about all 3 sections Step by Step.
So the First App, I've already told you Is ''Remitly'' you can see ''Remitly'' SS In which If you'll send $1,000, How much Fee It'll take?
Actually It'll cost $0, because If you send less than $500, You've to pay $2 Fee,
So If you send more than $500, I'm talking about India, For Pakistan I think It's $3, So you can manage with that,
So It'll cost $2 for India, If you're sending less than $500, But If your sending more than $500, So your Fee will be Way Off
There are 2 Options ''Express'' Or ''Economy'' In Economy you get a good Return, I mean the FX Rate,
Foreign currency exchange & In express your money Delivered On Spot In 30min,
But you've to manage Rate Ups & down of 30-40 Paisa, So I Usually send money from Express,
You'll get Links of All things In description what I'm telling, So definitely Check,
& there are Referral Links, So I'll get a Little bit Benefit & you too when you'll Sign up First Time,
So as I've told you the scene of Remitly, That you'll Cost nothing If you'll send $1,000,
& you'll need a Bank Account Number & IFSC Code & Name of the Receiver,
If you put these 3 things & your Credit Card & Debit Card, You can send easily
There's only one catch, That If you wanna send through Credit or Debit, You've to send It to Express,
If you wanna send It through your Bank account, Which will be debited through your account, You can send It through Economy, It's not a Big deal,
It's just easy, So this Is It , Now 2nd option, You can get a lot's of online Options,
Remitly, Wise, Zoom.
So these are lot's of things, But I'm covering Main Main, One Is ''WISE'', What's In Wise?
Same If you send $1k, It'll cost you a little bit more, You can see SS here, In $1k It'll cost you this Fee,
& It's little bit more, So that's why I'll not Consider this Option Usually,
So I mean I've Covered you these 2 main main Options, But If you wanna see there are Thousands of Option You'll get,
So that's why I can't Cover All of them, But Main Main , I think Zoom Too, Which Is very Famous & Remitly Too which Name I've Listened Too,
So you can explore their options As well, So In First segment as I told you these are Online Ways of sending Money.
Now we will Talk about Traditional Cash Pickup Service, In this Basically,
What you'll do, You'll send money & the receiver, Let's say I sent the Money to someone, So that It'll be paid off from my account, Debit Card
So the Receiver will receive money by going to a shop & giving them a transition Code, So they'll see that on this transition Code they received $1k,
So they'll Hand over you $1,000 In Cash,
So this Is the way you get Cash, So I mean If It's 60 rupees rate, So they'll give you 60k of $1k After fee cutting,
Now In these Options There's Fee.
In this there's a Little bit more Fee, Like you've Listened ''WESTERN UNION'' Which Is the biggest name In this
''WESTERN UNION'' In earlier times, I mean If someone go to Abroad they will put Money In Western Union Account
From here he can Cash out & If he put from Canada or USA, & they can cash out From India,
If you send $1k from this , you can see Fee here, I'll let you know by Highlighting It,
So I've seen On every website, How things works, & the 2nd biggest option, Newly Launched on Cash Pick Up
Is Simply GMT ( Global Money Transfer), So there's a Company Named Simply Financial, Which Is a Company of CIBC Bank
So CIBC have a Sub Company (Simplii Financial)
So they Launch their Global Money Transfer Program, The only Cash Pickup Service In Canada which Is providing 0 Transfer Fee,
So I thought I should Mention Them As well, So what will happen In that, The money you'll send they make their money In Conversion,
Like on top of that you have to pay any $0 Transfer Fee
So If you send $1,000 you'll get to know how much Is Transfer Fee.
Now what's the benefit In this New Service? When you Sign up on any Service First Time, You get a Offer,
So I've compared all offers & I get to know that This offer Is the best, & If you use Code GMT Event On their Web site, I just Find It,
You can see SS here, So you can get $300 Cash Back, Which Is a big Thing Right,
Almost 15k-20k So It's Ben if it here.
& else I'll talk about more Features, As I told you before 0 Transfer Fee,
It'll take 1-3 Processing Time If you wanna send Money, & You'll send Cash Pickup Service from here,
You'll get a Code, Money Gram I hope you have already Listened about Money gram, If you know about International Transfers,
So you'll go to Money gram Store, Almost In every city you'll get lot's of Stores, You'll give them a Code & they'll hand over you Money,
So they Operate these Things from Money gram Store, In India, Pakistan & you'll get list In other Countries there are 130 Countries,
So this Is 2nd Option, OK, They're offering some more Offers, I'll Display them on Screen that how much money you send that much cash back you'll get,
Which Is a good thing, & now your Limit , I'll let you know about Limit, If you send on Remitly, Your Limit will be $3,000-$5,000 weekly I think so,
But If you'll send from Simplii Financial, You can send $50,000 In 24 Hrs,
& What you'll need from Receiver Is Bank account Number & all that Stuff, You'll see here,
So you can get each & everything On their website, That's why I'm Mentioning everything.
So these are Cash Pickup Options, I think there's one more Option Which Is not that much Famous, (Ria Money Transfer) I believe,
So I didn't cover that, I'm covering the Main Main Options which are mostly listened & used In Peoples,
So I've covered these 2 Segments, I hope you know that 1st Segment was (Online Money Transfer) You'll send from your Bank Account,
The Receiver will Directly Receive In his Bank Account, They'll get a message that you've received, This Much Funds.
So this Option Is Convenient because of Bank Transfer, But In some Villages, Now not everyone Is from Big Cities, Some are from Village too
Or someone Prefer Cash Pickup, So I told you these 2 Services, 1(Western Union) which Fee Is little much &
Simply GMT Simply Financial (Global Money Transfer) which cost $0 Fee.
So 3rd Services are Scotiabank or any Big Fibe Banks In Canada, TD,BMO,CIBC,Scotia & more I think RBC,
So these things, & If you're having their bank Accounts, So most of the time they give you option, I also get this option from Scotia
That you can transfer Global Money, So In that what will happen that It'll cut off from your Bank Account
& Western Union Also Support Scotia, Because I've Scotia Account so that's why I can only tell about It.
However Simply Financial Belongs to CIBC, So CIBC will provide you all Service & Support, I mean You'll get Insurance from CIBC, If you go Through Simply,
So 3rd Option Is Scotiabank & Other Banks, So I'll talk about Scotiabank Specifically, So you'll send money from here or Direct Transfer too
Or through Western Union You can use Cash Pickup too, Scotiabank Gives both option & else you can see SS here,
What exchange rate you get or what Fee It'll cost, So these 3 Traditional Options, Sorry not Traditional , 1 Is Traditional option & except 2 options, If you wanna send online you can
If you wanna send through Cash Pickup Service or Bank It's up to you, So what are the Advantages or Disadvantages sending through Bank ,
Advantage Is that Bank gives you Surety & you don't have to do anything extra, Just send Directly Through Bank,
But the 2nd sad part Is that you've to pay a little bit more fee & you get Exchange rate Costly, You know when we send Fee from India to Canada It take a large Amount of Fee In Exchange rate,
So that's keep this thing In mind & whom Is giving you a good rate go with them,
So This Is It, I currently use Remitly as I told you Link Is In Description & other Platform, Simply, GMT Which are new,
& The Advantages of New Platforms are you get Many Options & discounts, So If you'll use GMT Event you'll get $300, Right
& If you'll use their ''Cash'' Code you'll get $50, So they give many Offers to new Customers, So definitely check all those out
& whom Give you best Offer go on It, I hope you Find this Video Informative & whom people want's to send money from Canada to India
It'll be very Knowledge able video for them, To be Honest Let me tell you when I came In Canada, I didn't know how to send money to India
So I searched Out & I made a Video Before when I find out, So most of the time I send money from It,
& I think I've sent 50-60 times Money, Because you know I Finished my Loan too Through Remitly,
So I send money from Remitly, & Now a Days there are more new options you should explore Those As well, where you get good rate & Insurance
Definitely Go There, So this Is It for today Video, If you like the Video & Effort please Like It,
& Subscribe the Channel, we're reaching to 200k very soon, & Will set a Give away on 200k Subs, I'm thinking what I should give away,
If you're having any thoughts what we should give away on 200k Subscribers, So Mention them In comments Section Below
Just give a short comment If you want any good video or how about this video, It makes up an interaction & YouTube gets to know about the video
& YouTube try to push more Videos, So this Is for Today Till Then Take care bye bye guys , (FOLLOW ME) on INSTAGRAM,Take care bye bye....