Finance

Barclays online money transfer to India is one of the simplest, easiest and inexpensive ways of transferring money to India. But you must know upfront that this money transfer is possible only if the receiver in India has a Barclays bank account. If that condition is satisfied, there isn’t an easier procedure to transfer money than the services provided by Barclays.

Barclays bank is the leading bank in UK and is hence well suited for those NRIs residing in UK. The Barclays account is not online-enabled to start with, so both the receiver and the sender should register themselves for an online account.This is a onetime process and has immense benefits once an online account is opened. All one has to do to transfer money is login to their account, add beneficiary and send the money. Usually remittance takes about a day. Since the  banks are closed on Saturdays and Sundays, the process might take longer then.

Another advantage of this online transfer service is that there are no charges involved for transfer.  The only charges are the ones for foreign currency exchange. One gets very good exchange rates too in this money transfer. One can track the status of the transfer online at all times and will also receive e-mail alerts like any other online transactions.

One can transfer money in three different transactions on any given day and the total sum should not exceed 3000 GBP. Overall, one is allowed 10 transactions with an upper limit of 15000 GBP per week. Although the remittance is very fast, safe and cheap, the only disadvantage, as you can see, is the limit on the transactions as well as the overall amount that you can send in a day or a week which might cause problems when you want to send larger amounts.

Further, Barclays Online Money Transfer India may not suit to all Indians as Barclays bank does not have a branch in every city in India.

Tags: Barclays Money Transfer India, Barclays Online Money Transfer India, Transferring money with Barclays