How to send money to Pakistan
Discover how to send money to Pakistan with the best PKR exchange rate in a few easy steps
1. See if the Pakistani rupee exchange rate is favorable
Converting your money on a date when the mid-market is higher than usual is a good way to optimize your transfer. Keep an eye on the mid-market exchange rate and validate your transaction when the PKR rate gets to a specific level.
2. Select the optimal option by comparing the available providers.
Monito compares quite a few services able to send money to Pakistan, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. Using the right provider from the available options is a sure way to save on fees and exchange rate.
3. Choose the best provider for your specific needs
Do you want to send money to Pakistan with the best exchange rate and lowest fees, as quickly as possible or with the top rated company?
Another important aspect is to pay attention to the pay-in and pay-out methods. Local bank transfer, debit and/or credit cards are the most often available pay-in options to send money to Pakistan online. On the recipient's side in Pakistan, you often have to decide if you want the converted amount to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer to Pakistan with the money transfer provider of your choice
Visit the provider's website to complete the sign-up process - be ready to give an offical ID and/or a proof of adress - and set upyour transaction.