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Ways To Send Money To Canada

Overview

Mrs Tripti Ghosh was taking an international flight to Canada for the first time in her life. She was travelling to attend her cousin’s daughter’s wedding that was going to take place in Calgary. However, she was going via Ontario. She will spend a few days with her brother there first, before going to Calgary. Her husband couldn’t accompany her as he some business meetings in India, but attending the wedding was a must for Mrs Ghosh. So, she ventured alone with a sense of adventure.

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She reached Canada safely and her brother picked her up from the airport. She had to do a lot of shopping for the wedding, buying gifts for all relatives. While shopping, she realised that she will soon fall short on money. She borrowed money from her brother and asked her husband to transfer money to his account. Back in India, Mr Ghosh didn’t have the faintest idea about the best way to send money to Canada A neighbour suggested him to visit the nearest branch of IndusInd Bank. Thankfully, Mr Ghosh had an account there. The officials at the bank told him that wire transfer was the best, fastest, and the most preferred option to send money to Canada

The Best Way to Send Money to Canada

Wire transfer is the best solution for sending money to Canada or any other country. IndusInd bank offers wire transfer services. All you need to do is visit the nearest branch of the IndusInd bank and talk to the officials about your requirement. You will need to provide documents such as identity and address proof along with a declaration stating the purpose of the transaction. After that, the officials will process your transaction. This is the safest way of sending money to any country. The transaction takes place through Society for Worldwide Interbank Financial Telecommunication (SWIFT). All financial institutions across the globe send and receive money through SWIFT. This is a legal framework ensuring the security of your transactions. Wire transfer is very fast. It takes only two to four business days to transfer your money. The time taken might vary depending on the country and their currency issues. The maximum amount of money that you can transfer in a year is USD 2, 50,000.

Send Money to Canada through Online Banking

For doing a wire transfer, you need to visit the bank. However, if you do not wish to go to the bank, you can still transfer money easily using net banking service. For this, you need to activate your net banking services and then log in to the online account using the username and password provided by the bank. Select the money transfer option put the bank and account details of the recipient along with the SWIFT code of the recipient’s bank. After that provide the amount you want to transfer and then click the send button for completing the process.

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