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Remit2India International Money Transfer Review
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Founded in 1970 with headquarters in Mumbai, India, Remit2India is an international money transfer service that specializes in helping their clients send money to India. Remit2India currently supports five different currencies: U.S. dollar, Canadian dollar, pound sterling, Irish euro, and Australian dollar, and offers relatively competitive rates. Clients can send money to India from any of the five countries whose currency is supported by Remit2India.
How Do You Send Money Through Remit2India
Remit2India has three different types of sending options, and all of them can be done online:
- Direct debit
- Bill payment
- Email money transfer (E-transfer)
Additionally, receiving money is easy with Remit2India’s “Direct Credit” feature. This means that Remit2India will automatically convert a money transfer to rupees, and credit it into the receiver’s account. This is convenient, as receivers won’t need to rush to a bank to deposit the funds.
Step-by-Step: How to Send and Receive Money Through Remit2India
Step 1: Sign Up For An Account
To sign up for an account, you will need to provide personal information, such as your name, birthday, phone number, proof of identity, and email address. Then, Remit2India will verify your information.
Step 2: Input Recipient Information
Here, you will add information about your money transfer recipient and the amount you wish to send them . You will also indicate which payment option you would like to use – online banking, direct debit, or wire transfer.
Step 3: Send Your Money
Ensure all your information is accurate before you send your money transfer. Larger money transfers can take up to 5 business days.
Remit2India Key Features and Payment Options
|Transferable Amounts||$50 – $200,000|
|Types of Transfers||Online, or bank account to bank account (e-transfer)|
|Payment Options||Online Transfer, Wire Transfer, Debit, Bill Payment, Email Money Transfer|
|Service Coverage||Payments only to India, from Australia, Ireland, Canada, the United States, and England|
How Fast Can You Send Money Through Remit2India
Sending money through Remit2India isn’t always consistent. Although their website lists a 2-day period in which your money will be received, some users report payments taking up to 5 business days to go through.
Prefer cash-pick ups? Check out how you can get a cash-pick up with a money transfer.
How Much Does it Cost to Send Money?
The cost of sending money through Remit2India depends on how much money you are transferring. For transfers between $50 and $999, the fee is $2.99, which is a very competitive fee compared to other money transfer companies. However, if the transfer is over $999, Remit2India doesn’t charge a transfer fee.
Remit2India is competitive with their exchange rates, which change throughout the day depending on global markets. You can use Remit2India’s Online Exchange Rate Calculator for a more detailed estimate.
Is Remit2India Safe?
Yes, Remit2India is safe and secure. Founded in 1970, Remit2India is owned by UAE Exchange who provide payment solutions globally. With over 500,000 clients worldwide, this company’s systems are protected by Norton Secure, which makes all communications between clients and company agents secure. Furthermore, Remit2India is regulated by Unimoni Limited, another international money transfer provider.
Is Remit2India the Right Transfer Service For You?
Like all companies, Remit2India has pros and cons. Consider all of them before deciding if Remit2India is the right money transfer company for you.
|Expert Specialists: Specializing in transfers to only India since 1970, Remit2India is an expert in their field.||Limited to India: Clients can only send money to India, and to no other country.|
|Low Exchange Rates: Remit2India’s exchange rates are lower compared to banks and other money transfer providers.||Slow Transfer Time: Some transfers can take up to 5 business days to complete|
|Customer Support, 24/7: Remit2India offers 24/7 customer service support for its clients||No Reward System: Remit2India does not currently offer any rewards for referrals or loyalty|
|Intuitive, simple user experience: Users reported the platform to be easy and straightforward.||No recurring payment option: Remit2India only offers one-time payments; recurring payments cannot be set up.|
Using the Remit2India App
The Remit2India app is a convenient way to send money to India, it can be accessed on both iOS and Android phones. If using an app is appealing to you, these are the main functionalities of the Remit2India app:
- Add new recipients
- Send money to recipients
- Track your transfers
- Check your transfer history
- Check exchange rates
- Check transfer fees
Can I track my transfer?
Do I need to create a different bank account to use Remit2India?
Does Remit2India have a reward system?
How to cancel a Remit2India money transfer?
For individuals looking to send money to relatives or friends in India, Remit2India is a solid option. They offer competitive rates and overall the service is easy to use and affordable. Keep in mind that if you need to send money quickly Remit2India is not the best option as sending time varies and can take up to 6 business days in some cases. Also compare multiple transfer services to find the one that best fits your needs.
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