Money holds lots of importance in every person’s life. It is the most valuable resource which needs lots of alertness and calculation. With the rise in prices of all products and services, people have realised the essence of savings. They have also started saving some for the future and resolved most of their monetary problems.

All individuals want to live a secured and successful life where they see their dreams come true. They want to excel in every field, whether education or employment and open doors to new opportunities. Many families send a money transfer from India to their loved ones residing overseas. They also have some priorities and expenses for which their earnings seem insufficient.

However, there are many sources of getting financial help. And the most reliable of them all is the family. Whenever they plan to send money abroad, they can use several remittance services available online. They can also visit the office of the service provider for help. However, they must consider three critical factors, which are as follows:

1. Transfer fees: Every sender has to pay a transfer fee that is a percentage of the transfer amount. There are fees on the payment method used for the process. For example, costs are higher for credit card transfer than debit cards or bank transfers. Senders may also need to pay foreign conversion tax and service tax fixed but differ from country to country. The charges for service tax depend on the commission and not on the total amount. 

2. Exchange rate and transfer cost: While using the international money transfer app, all senders must note that the exchange rate and total transfer cost offered by them differs. Every remittance service provider will have varying prices. The amount that the recipient will receive will not remain the same for any of the service providers.  

3. Customer support: When a person plans to send money from India to USA, they must choose a remittance provider with excellent customer support. They can help them during the transfer process or resolve any issues. The customer service should assist through email, chat, or phone, and offer 24x7 support to all customers.

Different methods can be used to transfer funds abroad, including wire transfer, foreign currency demand draft, and online transfers.