Last Updated on October, 2024
Sending money overseas can be a real headache, right?
With all the different providers, fees that seem to pop up out of nowhere, and exchange rates that leave you scratching your head, it’s no wonder why so many people get overwhelmed.
That’s why we’ve done the legwork for you, carefully selecting the top options to help you avoid costly mistakes and unnecessary stress while transferring money to Pakistan.
With our guide, you’ll find the cheapest, fastest, and most trustworthy ways to get your hard-earned money safe into the hands of your recipients in Pakistan.
Ready? Let’s dive in.
Quick Summary
The top-rated, cheapest, and fastest options for sending money to Pakistan are Wise, Remitly, and Xe. Additionally, Western Union and MoneyGram offer convenient cash pickup services, while OFX is suitable for large transfers to Pakistan. It is important to consider factors such as transfer speed, accessibility, security, and costs when choosing a method to send money to Pakistan.
Sending money to Pakistan can be a complex and overwhelming process due to various providers, fees, and exchange rates.
You can send money to Pakistan through various methods like online platforms, bank transfers, and cash pickup, but choosing a trusted provider is crucial for a smooth and secure transaction.
Contents
- Key Highlights: Sending Money to Pakistan
- Top-Rated, Cheapest, and Fastest Ways to Send Money to Pakistan
- What are the Best Money Transfer Options for Cash Pickup?
- How to Send Large Amounts of Money Internationally to Pakistan?
- Best and Recommended Ways to Send Money to Pakistan
- How to Send Money to Pakistan?
- Final Thoughts
- Frequently Asked Questions
Key Highlights: Sending Money to Pakistan
| Number of Providers Compared | 06 |
| Cheapest Provider | Remitly |
| Cheapest Cost | Fee Free |
| Currently The Fastest | Wise |
| Fastest Transfer Time | In Minutes |
| Currently Best Rated | Wise and Xe |
| Recommended Providers | Wise, Remitly, Xe, OFX, Western Union, MoneyGram |
| Payment Method | Credit/Debit Card, Bank Transfer, Direct Bank Payment, Apple or Google Pay |
Top-Rated, Cheapest, and Fastest Ways to Send Money to Pakistan
I understand selecting the best method or provider can be overwhelming when plenty of options exist. That’s why we have carefully selected the best in the market to fulfil all your transfer needs.
Here’s the detailed breakdown of your top three cheapest and quickest provider comparisons.
1. Wise
4.3/5 | Fastest | Mid Market Exchange Rate | Transparent Fees
Wise (formerly TransferWise) offers a fast, low-cost, secure online money transfer service for sending money from the USA to Pakistan. Transfers from USD to PKR (Pakistani Rupee) typically arrive within seconds, making it a fast and efficient way to send money to Pakistan.
Click here if you want to learn more about Wise money Transfer Platform.
Pros
Cons
2. Remitly
4.2/5 | Cheapest | Best Exchange Rate | Fee Free
Currently, Remitly has the best deal when sending money from the USA to Pakistan. Remitly users can get one fee-free (zero fees) transaction and a special foreign currency rate (better than the mid-market rate) of up to $1,000 on their first transfer to Pakistan.
Note: The promotion is valid for transfers initiated between January 30, 2023, and December 31, 2024.
Click here if you want to learn more about Remitly money Transfer Platform.
Pros
Cons
3. Xe
4.3/5 | Cheapest | Fastest | Best Exchange Rate
Xe facilitates secure and fast online money transfers to over 200 countries (including Pakistan) with flexible delivery method and payment options, live tracking, and notifications.
Click here if you want to learn more about Xe money Transfer Platform.
Pros
Cons
What are the Best Money Transfer Options for Cash Pickup?
Western Union and MoneyGram are two popular options for sending money to Pakistan, offering convenient cash pickup services.
Western Union
With Western Union, you can transfer funds from the United States through their extensive network of 61,000 agent locations or online/mobile platforms.
Did you know? Over 20 banks in Pakistan partner with Western Union for direct account transfers and cash pickup, including UBL, HBL, Bank Alfalah, and others. (1)
Click here if you want to learn more about Western Union money Transfer Platform.
MoneyGram
MoneyGram also enables residents to receive money through cash pickup at over 350,000 agent locations in 200 countries or directly into local bank accounts in Pakistani Rupees. Creating a MoneyGram account online is required for online transfers but is not necessary for agent location transfers.
For both providers, recipients can withdraw money directly into their bank account or by picking up cash at an agent’s location.
Click here if you want to learn more about MoneyGram money Transfer Platform.
How to Send Large Amounts of Money Internationally to Pakistan?
Do you have a big transfer to make to Pakistan? Don’t fret about safety and legality concerns; with OFX, your transfer is secure and compliant at every step. There are no limits on the amount that can be sent, making OFX suitable for personal and business transfers.
Note: OFX supports transfers to most major banks in Pakistan, including Habib Bank, United Bank, MCB, Bank Alfalah, Bank Islami Pakistan, and Faysal Bank.
Best and Recommended Ways to Send Money to Pakistan
In the modern world, many options exist for international transfers. When choosing a method, consider factors like transfer speed, accessibility, security, and costs. A few of the common and top ways to send money to Pakistan are:
- Send in Person:
For instance, providers like Western Union allow users to visit any of their agent locations throughout the country to send money internationally.
Platforms like Wise, XE, and Remitly allow you to send money online to bank accounts or digital wallets in Pakistan for a small flat fee.
- Bank Transfer:
Many providers allow money to be sent to all major banks in Pakistan through bank transfers. The required recipient information includes the full name, city, IBAN number, mobile number, and reason for sending it.
Note: The recipient’s bank account must be in Pakistani Rupee (PKR).
- Cash Pickup:
Providers like MoneyGram and Western Union offer cash pickup and money transfer services in Pakistan. Money is usually available for collection within just a few minutes after the transfer is sent.
Recipients can collect funds from any major bank in Pakistan, including Allied Bank, Bank Al Habib, U Microfinance Bank, MCB, and National Banfunk of Pakistan.
How to Send Money to Pakistan?
Sending money to Pakistan is a straightforward process. Still, having the correct information is essential to ensure a smooth transaction.
When using trusted service providers, the process typically involves the following steps:
Most services accept payment methods, including credit/debit cards, bank transfers, or cash deposits.
Double-check the information to avoid any errors. Review the fees and currency rates, then confirm the transaction. Finally, Get confirmation of your payment and track its progress online or in an app.
Final Thoughts
In wrapping up the discussion on the best ways to send money to Pakistan, it’s clear that there are several excellent options available to meet varying needs. Whether looking for speed, affordability, or convenience, you’ll find a solution that fits the bill.
Online platforms like Wise, XE, and Remitly offer competitive rates and quick transactions, making sending money hassle-free. If you prefer the traditional route, services like Western Union and MoneyGram provide reliable cash pickup options.
Whether sending money online, through a bank transfer, or for cash pickup, choosing a trusted provider ensures a smooth and reliable transfer experience to Pakistan.
Frequently Asked Questions
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