Many companies these days offer commercial services of transferring money from India to the United States. When choosing a money transferring company, you should consider factors like reliability, reputation and cost. According to the Money Transfer Guide, some of the top companies known for their reliability and reputation include MoneyGram, PayPal and Ikobo.
Visit the Ikobo link in Resources, and sign up by entering your personal information and credit card (MasterCard or Visa) details. Once you have signed up, click on "Send Money" from the homepage, and provide the recipient's address in the United States along with the amount that you want to transfer. Upon confirming, Ikobo will send a reloadable Ikobo Prepaid Visa card to the recipient's home address, which will be loaded with the amount you send.
Visit the "PayPal" link in Resources, and sign up by entering your personal information, such as name, email address, home address, phone number and credit card details. Once you have signed up, click on "Send Money" from the homepage and enter the recipient's email address along with the amount that you want to transfer. The recipient will get an email from PayPal notifying him to register with PayPal to receive the funds.
Visit the MoneyGram link in Resources to find an agent location near your residence in India. When you open the page, enter your city and postal code. A list of MoneyGram agent locations in your vicinity will be displayed. Visit the agent location in person. The agent will ask you to fill out a form, which will ask for your and your recipient's names, addresses, phone numbers, transfer amount and other secondary information like any routing number involved. Upon completing the form, give it back to the agent along with the money and fee. The agent will process your transaction, and give you the receipt along with the reference number. Share the reference number with the recipient to allow him to receive the funds.
A MoneyGram agent will ask you for identification; so you should take along your passport or driver’s license.
To find out the fees of Ikobo, PayPal and MoneyGram, see the “fee calculator” links in Resources.