Online money transfer refers to the use of the internet to send money and is as easy as checking one's email or even surfing the internet. Money can be sent 24/7 to almost any destination that a person wants to send funds to. In fact it is only a matter of a few steps which a person has to follow to send funds online. This method is especially useful when money needs to be urgently transferred to a destination.Electronic funds transfer (ETF) refers to the electronic exchange where money is transferred from one account to another; either within a single financial institution or across multiple institutions. All of this is done through computer based systems. Some of the important things that a person needs to consider when transferring money is that the current market rates will not be constant. They are subject to fluctuate and the rates may go higher or lower as per the exchange rates appreciation.Many banks are known to offer direct linkage with the services such as bill payment options. This means that a person can directly transfer funds from their local bank account to the remittance service provider. While everyone works hard to earn money it is very important to find the best possible rates that are offered by different remittance services. It is extremely important to compare exchange rates each and every single time one sends money to India Many money transfer methods are known for providing the most accurate rates which are closest to the market rates while other banks are known to be sluggish in updating the market movements.