How to Send Money to Pakistan from Canada – Best Methods

Pakistani expats in Canada send money to Pakistan from Canada every month.  Whether it be for investment, business, or family support, selecting the right method plays an important role.

 Reasons Why Pakistanis in Canada Send Money Home?

The remittances are sent to their families back home in Pakistan. They are used to help pay for education, healthcare, and daily living expenses.

Support for Family &  Loved Ones

Many ex-pats wire money to help their parents, siblings, and relatives. Families are financially stable due to regular remittances.

Transfers for Business and Investment

Some Pakistanis use remittances for real estate, business investments, or savings accounts in Pakistan.

Best Methods to Send Money to Pakistan from Canada

When sending money from Canada to Pakistan, there are different options available. There are advantages and disadvantages to each method.

Bank Transfers – Safe But Slower

HBL, MCB, UBL, etc directly transfer to Pakistani banks and support most Canadian banks. Bank transfers take 2–5 days and are more expensive, though.

 

 Online Money Transfer Services – Quick Options to Send Money to Pakistan from Canada

TransferWise, PayPal and Remitly provide quick and safe transfers. They typically offer better exchange rates than banks.

Western Union & MoneyGram – For Cash Pickup

For cash pickup, Western Union and MoneyGram are reliable options for your family. However, they have higher fees for instant transfers.

New Option? Transfers of Cryptocurrency?

Remittances are also used sometimes with Bitcoin and crypto wallets. However, this mechanism might not gain traction in Pakistan.

The Ultimate Guide to Selecting a Money Transfer Service to Send Money to Pakistan from Canada

Compare Exchange Rates and Fees

Some services charge minimal fees but provide terrible exchange rates. Check both of them before you send over money.

Verify Transfer Speed and Security Features

Bank transfers are slower; online services provide instant or same-day delivery. Pick a safe service with armored fraud protection.

Look for Ease of Use & Customer Support

Some apps are easier to use. If you have any problems, you want to be able to get customer service.

Tips for Safe and Cost-Effective Money Transfers 

✔ Send more to be more efficient with transaction fees.

✔ Check exchange rates to send money.

✔ Use a reputable service to avoid scams.

✔ Verify transfer times for timely delivery.

Conclusion: How to Send Money to Pakistan from Canada

There are several ways through which you can send money to Pakistan from Canada. You can transfer online, through banks, or for cash pickups. Pick the right way for you while being considerate of fees, speed, and reliability.

For official remittance guidelines, visit the State Bank of Pakistan to ensure a secure money transfer process.

Which service do you use to wire money home? Comment below!

For new immigrants in Canada, understanding financial management is crucial. Learn how to network and build a career in Canada in our detailed guide here.

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