How to send money to Pakistan
Learn how to make a money transfer to Pakistan with the best exchange rate with these 4 steps
1. Check the PKR rate against the currency you want to send
Making your transfer at the right time gives your more PKR for your money. Keep track of the evolution of the Pakistani rupee exchange rate and validate your transfer when the mid-market rate is close to its highest level of the last few days.
2. Select the best deal by comparing the 18 available money transfer companies.
Monito compares quite a few services to make money transfers to Pakistan, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. Picking the right service from the more than 18 available options is the best way to save on fees and exchange rate.
3. Choose the best money transfer company based on your criteria
Select the money transfer company with the best price, fastest transfer speed, best reviews, or a good compromise.
In addition, it is important to take into account the pay-in and pay-out methods. Local bank transfer, debit and/or credit cards are the most common pay-in options to send money to Pakistan online. In Pakistan, choose if you need the converted amount to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transfer with the service of your choice
Go to the provider's homepage to register (you normally have to give some ID documents to prove your identity), and set upyour transfer.