Overseas Pakistanis living in UAE (Dubai), UK, USA, Australia, Canada and other countries mostly rely on Western Union for sending their earnings to the country but Western Union isn’t the best way to send and receive money due to its comparatively higher transfer charges. Although transfer fee and conversion charges at Western Union are fairly high, but it is the only widely supported option in the country where anyone can receive internationally sent money with ease.
If you are living abroad and are searching for the “best way to send money to Pakistan”, then direct wire transfer may be the answering option for you. Although international banking in the country isn’t too good, but it is improving. Recently, Soneri Bank assigned IBAN for its account holders which has now simplified receiving international payments in the country from several countries of the world where the IBAN standard has been applied already.
From UAE (Dubai) and other countries, where IBAN (ISO 1316-1:2007) standard has been implemented, you can now send money directly to your bank account in Pakistan. To send the money through wire transfer, first obtain the IBAN for your account. The International Banking Account Number can be obtained from the bank or you can find it on your bank statements.
If you are an account holder in Soneri Bank Limited, the task to find the IBAN is extremely simple. To find out IBAN for your account, visit http://www.soneribank.com/iban and enter your Soneri Bank account number along with bank branch code to generate the IBAN. Once the IBAN is generated, you can transfer the money from any international bank where IBAN standard is applicable.
So sending money directly to your bank account here in Pakistan via wire transfer may be a good choice for you as it will save both your and your family members or friends’ time. In addition, the option of wire transfer may save you some money too. To send the money via Wire Transfer, take the IBAN from your bank and go to any local bank in the country of your residence like in UAE or any other country where IBAN standard is applied. The bank will further guide you through the transfer process.