Sending remittances to India is something most Indians in Canada do regularly. With so many options available, choosing the right service can save you hundreds of dollars a year.
Wise (formerly TransferWise)
Best exchange rates with low, transparent fees. Transfers typically arrive in 1-2 business days. Highly recommended for regular transfers.
Remitly
Offers an Express option (minutes) and Economy option (3-5 days). The Economy option has excellent rates.
Western Union
The most widely known service. Useful for recipients who can pick up cash at a local agent.
Bank Wire Transfers
Most expensive option but safe. RBC and TD charge $40-$50 per transfer.