sending money to UK

[Yell Srik]

hi friends,
this question may seem to be a silly one but i hope my question will be answered!!!
i need to send an amount of Rs 2000/- (two thousand rupees) to one of my friends in UK. i DO NOT have any credit card. i can sent by air mail but it is likely to take time. can you suggest me the fastest method to send the amount to my friend?
thanks in advance
[ June 03, 2004: Message edited by: Yell Srik ]

[SJ Adnams]

paypal, western union, nochex, moneybookers etc etc etc

[Mark Fletcher]

Money Transfer Order.

Both Source and Destination Banks will charge a small commission fee, but you dont need a credit card, just a checking account with the source bank and details of the Destination bank account. The transfer will take two to three days and will be deposited straight to your friends account.

Failing that go to your local American Express and get Travellers Cheques in UK Pounds, and then Fed-Ex them to your friend. Will take up to a week to arrive, but your friend can then go to the bank and cash the Travellers Cheques and they should go straight into your friends account.

Mark

[Joe King]

What ever you do, don't go anywhere near the Royal Mail. They're . I live in a block of 8 flats, so you'd think that there would be post to be delivered every day, but we get post about once a week. I've also had several items (including a cheque for several hundred pounds) dissapear in the post .

[SJ Adnams]

Joe - I concur.

try & send the money electronically. Western union will almost certainly be cheaper than getting your bank to wire the money & is instant.

take a look at e-gold also - i think this one is the coolest way to send money


sending a travellers cheque in the post just seems really wierd.

[Mapraputa Is]

try & send the money electronically. Western union will almost certainly be cheaper than getting your bank to wire the money & is instant.

Western Union & "cheaper"? 2000 rupees is $44 as I understand, so here are Western Union's charges:

Amount to send : $44.00  
Money transfer charge : $12.44  
Total estimated amount :$56.44  

sending a travellers cheque in the post just seems really wierd.

Could be cheaper though.

[Manish Hatwalne]

For 2000 rupees (is that INR?) any option you use for electronic transfer is going to be expensive. The wire charges or Western union money transfer charges are high (wire transfer takes around USD 35, and I believe INR 2000 will be less than USD 50. So....) Ask Western union money transfer though. I *think* postal order works in UK from India.

- Manish

[Helen Thomas]

Thought one had to sign for Travellers Cheques when bought and when cashed - by the same person only.

Apparently the Royal Mail has got really bad at delivering letters but really good for opening an account with. They have made a substantial profit this year.

[Ashok Mash]

Just fold four 500 rupee notes and keep inside a copy of something boring, say Lord of The Ring (or anything of that kind - of least interest to mail-handler) and send it as a 'book post' (100 rs may be?).

There you go, cheap and practical, and you won't have to worry about conversion rates either!


PS: You could stick a single 50 sterling if you wish � much easier than four �gandhis�!

[Mark Fletcher]

Originally posted by Helen Thomas:
Thought one had to sign for Travellers Cheques when bought and when cashed - by the same person only.

Apparently the Royal Mail has got really bad at delivering letters but really good for opening an account with. They have made a substantial profit this year.

Ive done this before when sending travellers cheques to the States, I sign the cheque and make it out to the person Im paying it to. Then I post it off. The person receiving the cheque can take it to the bank, but the bank will ask for id when cashing the cheque into the persons account.

When I was travelling in the US last year, I went to cash a travellers cheque at a bank, they asked for my passport details as ID. Seems secure enough. If the cheques get "lost", the person "finding" them may find it difficult to cash them. Also if they are lost, you can get them replaced by going to the American Express office with the receipt.

Mark

[Mani Ram]

I frequently send money to my friend (X) in US. This is how I do it

I have another friend (Y) in US, whose family lives here in Bangalore. I will give the amount to Y's family and Y will transfer the equlvalent amount to X. So simple

But be careful, if the amount is very high, you might be charged for hawala