Money2India review 2021: Fees, rates, is it safe? | finder.com
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Money2India review

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Send money to India and pay no fees when you transfer more than 65,000 INR.

If you’re looking for a convenient, affordable way to send money from the US to India, ICICI Bank offers the secure Money2India.

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

$0

Min. Transfer Amount

No limit

Max. Transfer Amount

1 - 2 days

Transfer Speed

Details

Product NameMoney2India
Min. Transfer Amount$0
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Bank Account to Bank Account
Transfer OptionsRegular payments
Transfer Speed
Minimum transfer time
1 - 2 days
Customer ServicePhone, Email
Available CurrenciesAED, AUD, CAD, CHF, GBP, HKD, SEK, SGD, USD
Exchange Rate UpdatesDaily

How much does Money2India cost?

Money2India’s fee structure is straightforward: a low $4 fee for transfers of up to 72,000 INR (about $1,000) and no fee for higher amounts. Keep in mind that in accordance with India’s Finance Act, a Conversion Service Tax will apply to your transfer — from about 50 cents to about $15 combined with a maximum equivalent of 0.0145% of your total for the largest transfers

How are Money2India’s exchange rates?

Money2India offers competitive exchange rates it updates regularly to reflect the changing market. It also confirms its exchange rates with the Fixed Rupee transfer option, providing you with the security of knowing your exact rate before you send funds. Use Money2India’s online Exchange Rate Calculator to see the current exchange rate.
Check if there are any Money2India promo codes available

How does Money2India compare to other services?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 0.831 EUR 4,154 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.831 EUR 4,154 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Go to site Show details
USD 1 Same day USD 0.00 0.835 EUR 4,177 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.822 EUR 4,110 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 1 - 2 days USD 40.00 0.839 EUR
4,162
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 0.836 EUR 4,175 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What types of transfers can I send with Money2India?

Money2India offers two ways to send cash:

  • Express e-transfer. Allows for one-hour transfers to ICICI Bank accounts and two-hour transfers to accounts with other Indian banks.
  • Standard e-transfers. The ACH transfer option guarantees delivery within five business days.
  • Recurring transfers. If you need to send weekly, monthly or quarterly payments to India, you can also schedule recurring payments.

What are the pros and cons of using Money2India?

Pros

  • Speedy transfers. Funds can arrive in your recipient’s bank account in as little as an hour, making Money2India one of the fastest transfer services available.
  • Customer support. The convenience of 24/7 customer support provides peace of mind when you’re sending money across borders.
  • Mobile app. Money2India offers a mobile app to allow for quick and convenient transfers.
  • Minimal fees. You’ll pay no transfer fee when sending 72,000 INR (about $1,000) and a low $4 fee for all other transfers.

Cons

  • Transfers limited to India. As its name suggests, Money2India sends funds to India only from a handful of countries.

How do I transfer money with Money2India?

Before you can send funds using Money2India, you’ll first need to register for a free Money2India account by providing:

  • Your country of residence.
  • Your name and date of birth.
  • Your address and contact details.

To send your money to accounts at more than 100 Indian banks:

  1. Log in to your Money2India account.
  2. Select the transfer option you’d like to use.
  3. Specify the person and account information you’d like to send to.
  4. Preview the exchange rate and any transfer fees.
  5. Send your transfer.

Bottom line

ICICI Bank’s Money2India service is worth considering if you need to send funds to India. Its low fees and fast transfer speeds can get your money to friends and family in India quickly and safely.

Make sure you compare its benefits to those of other money transfer providers to find the best value for your money.

Frequently asked questions

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2 Comments

    Default Gravatar
    Caroline
    May 10, 2017

    Why there is a limit that i can send only 20,000$ per week from Australia to India?

      Avatarfinder Customer Care
      Harold
      July 2, 2017

      Hi Caroline,

      Thank you for your inquiry.

      Regarding your query, I’m afraid I can’t tell you exactly the reason why there’s a limit to your transfer. Since we are not Money2India, I can only provide general advice. It is best that you get in touch with them to learn more.

      For now, what I can say is for you to check other companies when sending money from the US to India.

      I hope this information has helped.

      Cheers,
      Harold

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