Money2India money transfers review October 2018 | finder.com

Review: Money2India money transfers to India – October 2018

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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.

Product NameMoney2India
Min. Transfer Amount$0
Max. Transfer AmountNo limit
Transfer Methods
Online, Phone,
Transfer Options
Regular payments
Transfer Speed
Minimum transfer time
1 - 2 days
Customer Service
Phone, Email
Available CurrenciesAED, AUD, CAD, CHF, GBP, HKD, SEK, SGD, USD
Exchange Rate UpdatesDaily

Send money to India

Money2India combines competitive exchange rates with a low $3 fee for transfers of up to 65,000 INR or about $975 and no fee for higher amounts to any bank account in India.

Although transfer speeds vary by option, it’s possible for your recipient to get the funds within an hour, and most transfers are completed within 48 hours. The service is backed by 24/7 phone and email support if you need assistance with a transaction.

Highlights

  • Money transfers to India. Money2India.com is designed to offer a secure and affordable way to send funds to India.
  • Speedy transfers. Funds can arrive in your recipient’s bank account in as little as an hour or two.
  • Bank account transfers. You can transfer funds to any bank account in India.

How much does Money2India cost?

Money2India’s fee structure is straightforward: a low $3 fee for transfers of up to 65,000 INR (about $975) 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

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.

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 65,000 INR (about $975) and a low $3 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.

How does Money2India compare to other services?

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$0 3 - 5 days USD 0.00 0.863 EUR 4,317 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1,000 1 day USD 0.00 0.864 EUR 4,322 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 Within an hour USD 3.99 0.864 EUR 4,318 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1 3 - 5 days USD 50.00 0.872 EUR
4,317
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
GBP 5,000 1 - 2 days USD 0.00 0.863 EUR 4,317 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. Go to site Show details

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2 Responses

  1. Default Gravatar
    CarolineMay 10, 2017

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

    • finder Customer Care
      HaroldJuly 2, 2017Staff

      Hi Caroline,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general advice. It may vary depending on the money transfer company. There are companies who doesn’t have limit on transfer. You can find your options here.
      I hope this information has helped.

      Cheers,
      Harold

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