What’s the best way to receive money from a friend overseas


#1

What’s the best way to receive money from a friend overseas, will I be charged
anything?


#2

Bank wire transfer is one of the easiest and safest ways to send money overseas. Banks assist in managing wire transfers through the SWIFT mode which is an international wire transfer system. The cost of wire transfer is also quite nominal for the sender. So you will not be charged any amount but the bank may take some service charges to convert the currency to INR so check with the bank in which you have a bank account.


#3

Hi Sohini,

You could receive money from abroad through online money transfer agencies like Paypal or you could use international money transfer services such as Western Union. The charges or fees differ from one service to another, so before deciding make sure you read the terms and conditions regarding the charges levied on international transfers.

Cheers,
Team BB