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Where to Get Best Rates for Remittances to PKR from UK?

11 Sep 2024


Are you looking for the best rates a remittance service offers to send money to Pakistan seamlessly? Sending remittances to Pakistan is one of the regular activities of most expats. This is because 181 thousands of Pakistanis live in the UK. The UK is attractive to Pakistani people due to its vast educational and employment markets. The competitive environment of the UK attracts everyone to sharpen and explore their skills by experiencing a diverse working environment. All these Pakistani people stay connected with their families through remittances.
 

It is quite common among people who migrate to a new country and stay connected with their families through remittances. Remittance plays a crucial role in empowering Pakistan's economy. Pakistan received $2.4 billion in remittances during January 2024. Pakistani people living in the UK face many challenges when making remittances. The common issue is finding the best remittance service at affordable rates. You must stay alert while using a remittance service because some services may have hidden charges. ACE Money Transfer is one of the leading remittance services that provides the best rates and convenience for faster money transfer.

Best Services to Get Reasonable Remittance Rates for Pakistanis Living in the UK

Pakistani people have to send money online to Pakistan for several purposes, such as financial family support, educational support, or investment. Getting the best remittance rates is similar to having dual money. A good remittance service provides a competitive exchange rate to fulfill your remittance purposes. You can get the best remittance rates through the following:

Digital Wallets - Online Platform

There are numerous platforms for sending money, and online remittance service is one of the best way to send money to Pakistan from UK. You can use any online remittance service by connecting it with your digital wallet to send money. Not all remittance services support digital wallets, but services like ACE Money Transfer do. You can also make direct transactions from digital wallets by entering the recipient's account details. You will get instant exchange rates through this strategy.

Digital Banking - International Banks

You can also send remittances through banks, which offer slightly lower rates than other services. However, banks are a secure and safe way of make remittances. You can also look for affordable banking services because the rates of each bank vary. Explore different banks in the UK, compare rates, and adopt the best way.

Payment Through Debit/Credit Cards

The ways that third parties send money are usually expensive. Online payments or payments through cards offer favorable exchange rates. These are the direct remittance transaction methods. You can get real-time exchange rates at low charges and competitive exchange rates.

Mobile Payment Applications

Numerous cash apps support remittance transactions. You can use them to make instant transactions. Moreover, you can download their mobile app, ACE Money Transfer. It supports real-time exchange rates and real-time transactions. It offers the best exchange rates. Also, Pakistani people can have a fee-free money transfer from the UK to Pakistan. You can explore different mobile apps and choose the one that claims to provide the best rates.

ACE Money Transfer - Reliable Remittance Service

Though numerous remittance services exist, ACE provides the best remittance rates to Pakistanis living in the UK. ACE is a recognized remittance service that keeps no hidden charges. It offers the best exchange rates at extremely affordable service charges. You can also compare the rates of ACE with those of others. You can also use a calculator given on the ACE website to calculate exchange rates. ACE ensures that each sender's transaction must accomplish the purpose.

Understanding the Exchange Rates

Pakistani people living in the UK have to consider exchange rates because of the fluctuating currency. Also, there is a significant difference between Pakistani and UK currencies. One dollar in the UK is equal to 365 PKR. The currency rate keeps fluctuating, but ACE provides favorable exchange rates to send more money to the receiver as per the fluctuations.

Why is ACE Money Transfer Reliable?

ACE has served millions of customers. It is the best way to send money to Pakistan because it is a legal service and supports expats in all ways. You can visit the nearby ACE franchise or explore the websites to learn about the ACE’s exchange policy. It is connected with multiple banks in Pakistan and keeps you updated about currency exchange rates.

Factors that make ACE Money Transfer the best!

ACE is one of the best remittance services because it offers competitive exchange rates and a low and transparent fee structure. Its shallow service charges and highly favorable exchange rates help you to send more money to your loved ones in Pakistan.

Low Transfer and Service Fee

ACE Money Transfer's service fee is extremely low. It offers a lower fee than other remittance transaction methods. It is a user-friendly platform with no hidden charges.

Promotional Rates, Offers, and Discounts

One of the best things about ACE is that it offers high exchange rates to Pakistanis living in the UK so they can make a frequent online money transfer to Pakistan. On occasions like Independence Day and Eid, ACE offers discounts on fees and favorable transfer rates.

Real-Time Exchange Rates

ACE offers real-time exchange rates. You don't need to pay an extra amount for currency conversion. As a Pakistani, you pay service charges and enjoy low-cost remittance transactions with ACE.

Transparent Fee Structure

A significant factor making ACE Money Transfer the best exchange rate provider is its transparent fee structure. There are no hidden charges. Check ACE's fee on its website, and you will find the same rates during the transaction.
 

Getting the best exchange rates has become crucial for all the Pakistanis living in the UK. Pakistani people have to stay connected with their families through remittance. However, exchange rates and service charges become a significant challenge between the senders and transactions. High exchange rates attract people and promote frequent remittance transfers. There are numerous ways of sending money, such as traditional or digital banking, online remittance services, mobile applications, and digital wallets. However, some of these ways are expensive and provide low exchange rates, significantly affecting your estimated amount. ACE Money Transfer is one of the best exchange rate providers.

More Money, Less Hassle with ACE Money Transfer

If you are looking for the best remittance provider, you must first be aware of the current exchange rates and then explore multiple services to find the one that provides the best rates. As the Pakistani currency is lower than the UK, you can enjoy having more money while converting. However, some remittance services may not provide the exact exchange rate. Whereas. ACE Money Transfer provides the best and most competitive exchange rates. You can also compare ACE's exchange rates with those of other services.
 

Although secure, banks offer low exchange rates, making them unfavorable for UK expats. You can also opt for mobile application transfer, digital wallets, and card payment. These ways include no third person; hence, they are affordable and provide reasonable exchange rates. ACE Money Transfer can provide you with favorable exchange rates in real-time. You can also enjoy zero-fee transactions to send money to Pakistan from the UK. This feature of ACE encourages expats to transfer money to Pakistan through ACE, and that is why ACE has served more than a million customers worldwide.

FAQs

What are the best ways to send remittances from the UK to Pakistan?

The best ways to send money to Pakistan from the UK include digital banks, digital wallets, credit/debit cards, and online remittance services like ACE Money Transfer.

Where can you get the best exchange rates for remittance to Pakistan from the UK?

You can get highly favorable exchange rates from ACE Money Transfer. ACE ensures that Pakistani people can send more money to their homes so they can fulfill their needs.

Which factors make ACE Money Transfer?

Low fees, competitive exchange rates, transparent fee structures, multiple translation options, several cash payout locations, first-fee transactions, and occasional discounts and promo codes make ACE highly favorable. 

Which factors impact the exchange rates?

A country's economic factors and foreign reserves impact its exchange rates. Pakistanis try to remit money when the UK pound is stronger than the Pakistani rupee. In this way, you will enjoy more money.

How does ACE Money Transfer support Pakistanis living in the UK?

ACE supports Pakistani people in the UK by offering occasional promos and discounts. ACE provides a special discount on remittance on Independence Day and Eid so people can stay in Italy and connect with their loved ones. Moreover, it offers higher exchange rates, so more can be sent to Pakistan from the UK.
 

Reference Links:

https://www.statista.com/statistics/1241595/pakistani-population-in-united-kingdom/#:~:text=There%20were%20approximately%20181%20thousand,the%20United%20Kingdom%20in%202008


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