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Best Way to Send Money to Pakistan

Find fast, low cost transfers, the best exchange rates, and top rated customer support on transfers to Pakistan.

Read on for reviews, expert advice, and all you need to transfer money to Pakistan easily.

Jonathan Merry
Author 
Jonathan Merry
7 minutes
February 5th, 2024
Disclosure
Best Overall
8.6
XE

XE is the top rated money transfer provider that usually appears in our search results to Pakistan.

Fastest Option
8.2
Remitly

Remitly tends to offer fast transfer times to Pakistan for many origin countries and send amounts.

Cheapest Option
8
Instarem

Users who searched to send money to Pakistan usually find Instarem had the lowest rates and fees.

How much does it cost to send money to Pakistan?

Sending money to Pakistan can be more affordable than you might think. However, understanding the fees can be confusing. This confusion arises because money transfer providers make money in different ways. They can charge transfer fees, mark up the exchange rate, or do both simultaneously.

Let's imagine you want to send $1,000 from the United States to Pakistan.

After analyzing the 20+ providers in our database, we have found that your best option would be to send money with XE via bank transfer. They charge no fess for amounts over $500 and add a markup of approximately 0.9% on the exchange rate.

Mid-market rate versus markup

Mid-market rate versus markup

The mid-market rate is the average between the buying and selling prices of two currencies. It fluctuates over time. The markup is the additional amount charged by the provider above this rate.

At MoneyTransfers.com, we make it easy to compare rates by providing the updated exchange rate markup for each money transfer provider. Additionally, you can review fees, transfer times, and read customer reviews.

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Best services to send money to Pakistan

When choosing a method to send money to Pakistan, you'll want to consider factors like convenience, cost, and transfer times.

  • XE is our top pick overall, with no fees for transfers over $500 and fast transfer times.

  • Instarem is the cheapest provider available, offering the mid-market exchange rate and 24 hour customer service.

  • Remitly offers the fastest transfers to Pakistan, with most transfers completed in a couple of hours.

Use our data to find the best options for you and discover the money transfer providers that offer the exact service you need.

The suggestions below are created by combining data from thousands of real-life searches that were conducted on MoneyTransfers.com by individuals who, like you, wanted to send money internationally to Pakistan.

XE
XE

Our analysis shows that XE stands out as the premier service for sending money to Pakistan. With its commitment to no fees on transfers over $500, it's a game-changer for those looking to send larger amounts without worrying about extra costs eating into their funds. This feature alone makes XE a highly attractive option for both personal and business users aiming to maximize the value of their international money transfers.

XE's global reach is impressive, servicing over 200 countries, including Pakistan. This extensive coverage ensures that no matter where you are, you can easily manage and send your money to loved ones or business associates in Pakistan without hassle. The convenience and peace of mind that come with knowing your money can reach almost any corner of the globe cannot be overstated.

Furthermore, XE's high transfer limits are a significant advantage for users who need to move large sums of money. Whether it's for family support, investment, or business transactions, the ability to send substantial amounts without running into restrictive caps is crucial. This flexibility, combined with the security and reliability of XE's platform, makes it an unbeatable choice for anyone looking to transfer money to Pakistan efficiently and with confidence.

Remitly
Remitly

Our analysis shows that Remitly stands out as the fastest service for sending money to Pakistan. With its exchange rate lock-in feature, you're guaranteed the rate at the time of your transaction, eliminating any worries about fluctuating rates affecting the amount your recipient gets. This is a game-changer for anyone looking to send money internationally, ensuring that what you send is exactly what gets received, without any unpleasant surprises.

Moreover, Remitly's capability to exchange over 100 currencies across more than 170 countries makes it incredibly versatile. Whether you're sending money home to Pakistan or managing business transactions across borders, Remitly has you covered. This wide reach is particularly beneficial for those with global connections, offering a one-stop solution for various currency exchange needs.

The service prioritizes convenience and reliability, making international money transfers less of a hassle and more of a seamless process. With Remitly, you're not just sending money; you're ensuring peace of mind for both you and your recipient. This level of service, combined with its extensive coverage and guaranteed exchange rates, positions Remitly as a top choice for anyone looking to send money to Pakistan quickly and efficiently.

Instarem
Instarem

Our analysis shows that Instarem is the most cost-effective service for sending money to Pakistan. This is a big win for anyone looking to transfer funds without losing a chunk to hefty fees or unfavorable exchange rates. Instarem uses the mid-market exchange rate, which essentially means you're getting the best deal possible on your currency conversion. This is a game-changer, especially for small businesses that operate on tight margins and can't afford to lose out on exchange rates.

Another standout feature of Instarem is its customer support, available 24/7. This is especially handy if you're in a different time zone or need immediate assistance. Whether you're an individual sending money to family or a small business managing overseas transactions, knowing that help is just a call or message away at any hour adds a layer of reassurance and convenience to your financial dealings.

For small businesses, in particular, Instarem offers a suite of benefits that make international transactions smoother and more cost-effective. The combination of real-time, mid-market rates and round-the-clock support ensures that businesses can manage their finances efficiently, without worrying about the timing or cost of transfers. This focus on providing value and support to its users makes Instarem a top choice for anyone looking to send money to Pakistan.

Need more options? Compare ALL rates

Get more for your money: compare and choose from over 20 money transfer providers and find the top options to send money to - best rates guaranteed!

What is the cheapest way to send money to Pakistan?

Money transfer services are the cheapest way to send money to Pakistan

Whether you need to send money to your loved ones in Pakistan, pay for tuition fees, or send large amounts of money to invest in a property, money transfer services help you avoid bank charges and processes.

The exact cost of sending money to PKR can be influenced by factors like:

  • The country of origin

  • The amount you need to send

  • The payment method you select

  • The current exchange rates

Our comparison engine helps you find the best deal for your transfer by comparing the exact costs of all the most reliable money transfer services on the market in 2024.

USD to PKR Live Exchange Rate

Mid-market Rate
1
= 279.633317 PKR
Mid-market rate at: 13:06 UTC
USD/PKR Median: 279.216078 Low: 278.875038 High: 279.633317

Sending money to another country requires an understanding of exchange rates. An exchange rate can be compared to a constantly changing price tag that indicates the value of your currency in relation to another country's currency, in this case Pakistan's PKR.

A favorable exchange rate means that you will receive more foreign currency for each unit of your own currency, making your transfer more effective.

Use the tool on this page to get the latest exchange rate for your currency to PKR. It's pre-set to USD but, if you're dealing with different currencies such as euros or pounds, you can easily adjust the settings and get the values you need. This helps you know exactly how much money will arrive in Pakistan when you send it.

Expert Tip: Watch the Exchange Rate

Did you know you can save money by keeping an eye on exchange rates? If you're not in a hurry to send money to Pakistan, watching how the rates change can be smart. When the USD to Pakistan Rupee rate is good, your money will get you more in Pakistan. This means you can send more money without spending extra!

Sign up for our automated notifications. We'll let you know the best time to send money. With these alerts, you won't miss out on a great rate. It's like having a money-saving expert in your pocket!

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How long does it take to send money to Pakistan?

Quick and efficient - that's what you need when sending money to Pakistan. Money transfer services offer a great solution to those times when speed is of the essence, as their transfer times tend to be much shorter compared to banks.

Take, for instance, an urgent need to transfer $1,000 from the USA to Pakistan. Services like Remitly excel in this regard, offering near-instantaneous transfers. Even other providers like Instarem and XE, while not as fast, ensure your money arrives swiftly.

Bear in mind that speed, like costs, can be influenced by:

  • The amount you're transferring. Smaller sums often move through the system quicker, while larger amounts may face delays due to necessary security verifications.

  • The time you start the transfer. To maximize speed when you send the money via bank transfer, initiate the operation before your bank's cut-off time. Miss this, and your transfer gets postponed to the next business day.

How to send and receive money in Pakistan

Sending money to Pakistan, is easy, especially when you gather the necessary documentation, and meet all legal requirements. To help you avoid unnecessary complications and delays, we have compiled a simple step-by-step process.

Use our comparison engine to find the best deals.
Pick the provide the offers what you need.
Register a free account and confirm your identity. Usually, you will need a photo ID and a proof of address.
Choose the destination country of your money transfer, the amount to send, and your preferred payment method.
Confirm your recipient's details. You may be asked to confirm your relationship to the recipient and the purpose of your transfer.
Check the recipient's details to make sure they're correct.
Submit the transfer and wait for the money to reach its final destination.
Important information

Transfer limits in Pakistan. There are no legal limits on how much money you can send to Pakistan.

What do you need to complete an international transfer to Pakistan?

When you open an account with a money transfer service, you will be asked to provide your personal information. Before the transfer is executed, you will also need to share the necessary details of your recipient.

Your contact details

You will need to share your contact details with the provider of your choice, so make sure to double check your email and address are correct.

Photo ID

Money transfer services will need you to share a photo ID to confirm your identity. Have it ready and make sure it's valid.

Proof of address (optional)

Some providers may ask you to share a phone bill or a bank statement to prove your address.

Pakistan money transfer guides

Financial regulators in Pakistan

The State Bank of Pakistan is responsible for the accounting standards of banks and other financial institutions.

Analysis and methodology

At MoneyTransfers.com, we're not just another comparison site; we're your ally in beating the high costs and complexities of international money transfers. Our platform is designed to turn the tables on overpriced banks and providers, ensuring you get the best deal every time.

What sets us apart

  • Unmatched Transparency: We believe in honesty and clarity. With us, what you see is what you get - no hidden agendas, no preferential treatment for providers.

  • Comprehensive Provider Network: We go the extra mile to include an extensive range of providers in our comparisons. From industry giants to innovative newcomers, we partner with a diverse array of trusted providers, ensuring you have access to the best options available.

  • Tailored Solutions: We understand that every customer's needs are unique. That's why we offer personalized recommendations based on your specific requirements, ensuring you find the perfect match to send money to Pakistan.

The results displayed on this page are based on data we collected via our comparison engine during the past six months and show you a simple way to get the best fees, fastest transfer times, or most helpful customer support.

What are the best options for sending money to Pakistan?
How do exchange rates affect my money transfer to Pakistan?
What are the fees associated with sending money to Pakistan?
How long does it take to send money to Pakistan?
Is it safe to send money to Pakistan online?
What information do I need to send money to Pakistan?
Can I send money to Pakistan from any country?
Are there limits to how much money I can send to Pakistan?
How can I track my money transfer to Pakistan?
What should I do if my money transfer to Pakistan goes wrong?
Can I send money to Pakistan via MoneyTransfers.com?
Do I pay taxes on money transfers to Pakistan?

Contributors

Jonathan Merry
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com