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How to Send Money to Pakistan from Australia? 

Stop scratching your head to find the simplest and easiest way to send money from Australia to Pakistan as there are dozens of companies offering money transfer services to Pakistan such as Speed Remit. All you need is to choose a company carefully if you really wish to enjoy a hassle-free process of sending money from Australia to Pakistan. Wise people are the ones who always gauge the services of a company in terms of authenticity, easiness, and quick money transfer before going with any company offering a remittance transfer service. Since the money transfer sector has grown alongside the digital transformation of other sectors over time, the options are many when it comes to choosing a platform to send money to Pakistan from Australia. Interestingly, it has created healthy competition that is eventually beneficial for both customers as well as money transfer companies.

Considering the large number of Pakistani settlers in Australia, one can understand the abundance of companies offering remittance transfer services to Pakistan from Australia. Though hunting for competitive exchange rates is the base of choosing the right company, there are other factors too such as ease of login, seamless method of sharing receiver’s details, and easy tracking.


Let’s dig out the smart ways of Sending money to your family in Pakistan with the Following Choices:


  • Bank Transfers: You can transfer money from your Australian bank account to a bank account in Pakistan. This is a secure and common method of transferring money to Pakistan from Australia and it may involve fees and exchange rate differences.
  • Money Transfer Companies: Companies such as Western Union, MoneyGram, Speed Remit, and TransferWise (now called Wise) offer international money transfer services. You can send money online, through their mobile apps, or by visiting their physical locations.
  • Online Payment Platforms: Some online payment platforms like PayPal and Payoneer may allow you to send money internationally. However, these services might not be as widely accepted in Pakistan, so in order to ensure seamless money transfer to Pakistan from Australia, find companies operating formally in Pakistan.
  •  Remittance Services: Some specialized remittance companies focus on sending money from Australia to Pakistan, providing competitive exchange rates and lower fees compared to traditional banks.
  • Following are common errors Pakistani Expats make while sending Money to Pakistan from Australia:
  •  Not Evaluating Exchange Rates: Failing to compare exchange rates offered by different money transfer providers or banks can lead to losing out on better rates. Even a little difference in the exchange rate can influence the amount the recipient receives in Pakistan. Therefore, you have to gauge the exchange rates wisely of a company offering the services to send money to Pakistan from Australia.  
  • Overlooking Fees: Many money transfer services and banks charge fees for international transfers. Ignoring or not fully understanding these fees can result in unexpected costs that reduce the amount sent to the recipient.
  • Using Unreliable or Unregulated Services: Some individuals may opt for informal or unregulated money transfer methods to save on fees, but this can be risky. It's crucial to use reputable and regulated services to ensure the safety and security of your funds. Take time to compare companies providing the services of sending money from Australia to Pakistan.
  • Providing Incorrect Information: Entering incorrect recipient information, such as the bank account number or contact details, can lead to delays, failed transfers, or even loss of funds. Recheck all details before initiating the transfer.


Steps to Transfer Money from Australia to Pakistan:


  • Finalize a Transfer Method: Decide how you want to send money. Options include bank transfers, money transfer services like Western Union or TransferWise (Wise), online payment platforms, remittance services, and more. Choose the one that suits your needs and preferences when it comes to sending money from Australia to Pakistan.
  • Collect Recipient Details: Collect all necessary recipient details, including their full name, address, phone number, and bank account information. Make sure the information is accurate and up-to-date.
  • Determine Transfer Amount: Determine the amount you want to send in Australian dollars (AUD) and convert it to Pakistani Rupees (PKR) using the current exchange rate. Keep in mind any applicable fees.
  • Select a Service Provider: Select the money transfer service or bank you want to use. Ensure they offer services for sending money to Pakistan from Australia.
  • Log in: Some services may require you to create an account or provide your personal information. Follow the registration process and verify your identity if necessary.
  • Begin the Transfer: Follow the provider's instructions to initiate the transfer. You'll likely need to enter the recipient's information, the amount you're sending, and any other required details. Review the information for accuracy.
  • Pay Fee for the Transfer: Depending on the chosen method, you may need to pay for the transfer using your bank account, credit/debit card, or other payment options. Be aware of any applicable fees.
  • Confirm Transfer information: Review the transfer details one last time before confirming the transaction. Ensure that all recipient information and the transfer amount are correct.
  • Get Confirmation: After confirming the transfer, you should receive a confirmation receipt or email. This document will contain important information such as a transaction number, estimated delivery time, and tracking details.
  • Recipient Gets Funds: Once the transfer is complete, the recipient can access the funds through their bank account or the chosen pickup location, depending on the transfer method.


 Conclusion


Having gone through this guide, you are not well aware of sending money to your family on time in a more secure and fast manner. Moreover, staying in touch with the latest happening in this specific business sector helps more to make your money transfer process seamless. 


Sending money from Australia to Pakistan has never been easier, thanks to Speed Remit  and its hassle-free, reliable services. Don't wait; experience the convenience of seamless transactions with Speed Remit – your trusted partner in international money transfers.

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Compliance

Speed Remit works diligently to prevent its systems from being used to perpetrate any unlawful activity. We protect our customers and prevent the use of our products or services by anyone for money laundering, terrorist financing, sanctions violations, scams, and fraudulent intentions. As necessitated, we work with law enforcement to apprehend and impeach offenders.

Speed Remit collect different types of personal information for legal and compliance purposes relating to you that may be Compliance information, including fraud prevention, identity verification, and sanction checks. This may further include using your personal information to validate and authenticate your identity, and utilising third parties to help us do so, using personal information needed to comply with legal and regulatory duties related to anti-money laundering and counter-terrorist financing; detection, prevention and prosecution of fraud and theft as well as preventing illegitimate or prohibited use of our services or other illegal or wrongful activity.

Onboarding customer Identity Verification

Speed Remit is a financially regulated company and required by laws to verify the information prior to onboarding customers. Below are the more information on our verification processes and policies for our onboarding customers.

1. Why does Speed Remit need to verify me?

1.1 Normally, we will only need to check/Screen your name, address date of birth and country of origin.
1.2 We may also do enhance due diligence (EDD) that will be depend on amount to comply with the sending country regulations.
1.3 We will contact you if we need anything from you, so please ensure you check your emails regularly after you’ve made your transfer. In very rare cases the funds remain undelivered in absence of any additional information required under the prevalent laws of the territories.

2. What ID is required for the country I’m registered in?

2.1As a financially regulated company we are required by laws to verify all of our customers. Part of this process is 'identity verification'. Usually this involves collecting a copy of Government issued Valid ID from you and you can upload your ID securely at any time for our screening / verification during registration process.
2.2 Please upload your ID front side and back side to complete your verification process.

3. .Is there anything I need to know before I upload my ID?

3.1 When submitting your ID, please make sure that it's a high quality photo or scan of a valid original government-issued ID card, and the image should be clearly displaying the below information:

- ID Number
- Your Photo
- Your Complete name
- Your Date of Birth
- ID’s expiry date
- The full machine readable zone (the two lines of letters and numbers at the bottom of the document) if present
- Resident Address

3.2 The complete name and date of birth must match with your details on your Speed Remit account.

3.2 If any details do not match, please contact the Speed Remit Customer Support team ([email protected]) to have your details amended. For more information on this click "My Account" option

4. What types of ID can I use?

4.1 In case the Government issued ID card is not available incidentally at the time of registration / transaction, we may alternatively accept below ID's in case it is allowed your local central bank / financial regulator. At the end of the day, you must be holder of a valid ID even if you are unable to present it at the time of transaction.

- Driving License
- National ID
- Passport - All four corners of the document must be visible and it should visibly display the vital information.

4.2 Always upload the front and back of the ID or any alternate document (if any). The document number must be visible and there should be no glare or defocused image.
* Must match the details in your Speed Remit account

5. What is address verification?

Address verification is part of our customer verification.

5.1 If we need to verify your resident address we will contact you by email. You’ll need to reply to the email with your address and any proof of Address document as an attachment e.g. Last Utility Bill etc.

5.2 When submitting your proof of address, please ensure that it is a high quality photo or scan of a valid document showing:

- Your full name
o This must match what appears on your Speed Remit account
- Your full Resident address
o This must match what appears on your Speed Remit account

5.3 The name and address on the document must match the details on your Speed Remit account.

5.4 If any detail does not match, you can update them on our app or website by visiting the My Account Option of the Speed Remit.

6. What types of document you required to accept for address verification?

6.1 ID documents we can usually accept include:

- Utility Bill
o This can be a gas, electricity, water or insurance bills.
o We can’t accept mobile phone bills
o The bill must be no older than 3 months
- Driving Licence
o This must show your address
o This must be in date – we cannot accept expired documents
- Bank / Credit card statement
o This must be no older than 3 months

6.2 If your document is not accepted, it could be for a number of reasons. Some of the reasons documents cannot be accepted are:

- The date on document
o If the document is older than 3 months, we cannot accept it
- The details on your document
o The details (including name and address) on the document are not matched with information on your Speed Remit account
o The details must be for your home residence, not a PO Box or workplace
- The document type
o The type of document may not be one we can accept (for example a mobile phone bill)

7. What happens to my personal information after I upload it?

7.1 We only use these when we are completing Know Your Customer (KYC) checks, which is an essential process.

7.2 You can read more about our privacy policy and how we use your information here.

8. Need to send us your documents?

8.1 TIf we've emailed you and asked you to send us some documents, use the link in our email to upload your photo ID or selfie, and provide your proof of address by attaching it and replying to our email.

- To provide your photo ID or selfie: use the shared link in the email, or upload them here:
o Photo ID
o Selfie
- To provide your proof of address or any other document, reply to our email with your document as an attachment

Be our Agent

Speed Remit is expanding and intend to widen our presence in order to provide our customers with remarkable services across the world. We offer a great opportunity for worldwide regulated money transfer companies/ Banks to join speed remit Network as send and receive agent, simply fill in the form below. We’ll get back to you as soon as possible.