Remit2India Review

This review of Remit2India will assist you in making the right decision for your international transfer needs.

Remit2India is a money service business that provides financial transfers to India from 24 countries worldwide. They are a brand of TimesofMoney, a global digital payment specialist.

Pros
  • 24/7 customer service
  • Can opt to lock and guarantee your exchange rate at the time of booking
  • Extensive network in India, with more than 90 banks and 11,000 branches across the country
  • Frequent discount offers and referral bonuses save you even more money
Cons
  • Transfer fee up to $25 (depending on amount transferred) plus possible undisclosed extra service charges
  • Severely limited services
  • Challenging to find information online and service claims lack clickable links to more detailed facts
  • Consistently poor online reviews across multiple platforms

How It Works

Transfers are made online through the Remit2India website. You enter your information and payment, and Remit2India transfers your money to the location you specify in India. The transfer method depends on the country from which you are moving funds. For example, the United States uses ACH transfer, while the UK uses Net Banking Facility or Wire Transfer.

 

Different services have different ways of executing foreign exchange. These Guides to Transferring Money Overseas without Getting Ripped Off provide useful information to assist in your decision-making process.

How Safe Is It?

Remit2India’s website uses HTTPS encryption to safeguard your information. Further, the company’s Status Tracker lets you follow the movement of your money from your account to the Indian bank you chose for the receipt.

 

Beyond this information, Remit2India doesn’t provide other details about the measures they take for safety or accountability.

How Much Does It Cost?

Transfers under $1000 incur a small service fee, while transactions over that amount don’t have a service fee. Transfer fees up to USD 25 are levied on monies sent, and additional service fees are charged, too, depending on transfer amount and circumstances.

 

What Exchange Rate Will I Get?

While Remit2India doesn’t give precise rate information, a statement on the website promises the “best exchange rate.” Market rates change frequently, so the rate you receive depends on the current status.

 

You have two choices regarding the rate. At the time of your transaction, you may choose guaranteed rate or indicative rate. A guaranteed rate locks your price to the market rate at the time of your purchase to protect against fluctuations, while an indicative rate is subject to changes during the transfer process.

How Do I Send or Receive Money from Overseas?

You complete all transactions with Remit2India online.

How Do I Pay?

The Transfer2India website states that they accept “multiple payment modes.” However, those payment modes are not listed.

 

Can I Pay by Credit Card?

You might or might not be able to pay with a credit card. The information isn’t provided online, but you can e-mail or call customer service for facts and data, including credit card and payment information.

What Currencies Can I Transfer?

Twenty-four countries and their respective currencies can transfer Rupees to India:

  • The United States
  • The UK
  • Australia
  • New Zealand
  • Canada
  • Hong Kong
  • Japan
  • Singapore
  • Ireland
  • UAE
  • Austria
  • Belgium
  • Cypress
  • Finland
  • France
  • Germany
  • Greece
  • Italy
  • Luxemburg
  • Malta
  • The Netherlands
  • Portugal
  • Slovakia
  • Spain

 

Regardless of where you are in the world, knowing how to transfer funds to any country is essential. The video “How to Transfer Money to an Overseas Bank Account without High Fees” is an insightful resource for making wise, economic decisions.

What Services Do They Offer for Businesses?

Remit2India offers no specialised services for businesses. While businesses may send money to India through this transfer company, no business-oriented programs exist.

 

Whether you are a business or an individual, when you want to transfer money to India, a company such as Remit2India could offer simple service. They understand Indian banks and foreign exchange and can provide you with efficient delivery of funds.

Compare money transfer services like Remit2India

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About XE

XE is a well known and trusted name in the money transfer industry. With over twenty years experience, they now help 33,000 people and 2,000 businesses make transfers each year. Over 60 currencies can be transferred with XE and they pride themselves on the free tools and transparent rates they offer. Click here to read the full review

Pros

  • Well known and trusted brand.
  • Very informative website. Extensive information on currency and money transfers.
  • XE App is available on both iOS and Android. It allows you to see the interbank rate for over 100 currencies.
  • XE themselves charge no fees for international money transfers.
  • Offers support for both individuals and businesses when it comes to international money transfers.

Cons

  • Cannot pay via cash or cheque. Must pay via bank transfer, BPay is also accepted in Australia.
  • Maximum transfer amount is $500,000USD.
  • While XE compares more than 100 currencies, there are only 60 that are available for money transfers.

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Cons

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  • Website experience could be better
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Pros

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Cons

  • Does not accept BPAY, credit card, cheque or cash
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Cons

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  • Limited support based in Australia
  • Percentage based fee can add up on very large transfers
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About OFX

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Pros

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  • Quick response time
  • Fantastic customer service

Cons

  • Credit cards, cheques and cash are not accepted
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  • Fees for transfers smaller transfers