Remit2India money transfers review July 2018 | finder.com

Review: Remit2India international money transfers – July 2018

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Enjoy competitive exchange rates and affordable fees when sending money to India.

finder.com’s rating: 3.0 / 5.0

★★★★★

How’d we get our score?

Fees & rates: 4.0 / 5.0
Speed: 2.0 / 5.0
Services: 3.0 / 5.0
User experience: 3.0 / 5.0

While many providers can transfer your money worldwide, Remit2India specializes in money transfers to India. Supporting 10 currencies and transfers from 24 countries, Remit2India makes it easy to get your funds to friends, family and businesses in India.

With competitive exchange rates and minimal fees, Remit2India transfers are affordable and secure. And you have access to 24/7 customer support to ensure that help is available when you need it.

Product NameRemit2India Money Transfers
Min. Transfer Amount$50
Max. Transfer Amount$50,000
Transfer Methods
Online,
Transfer Options
One off payments
Transfer Speed
Minimum transfer time
1 - 2 days
Banking PartnerRemit2India
Customer Service
Phone, Email
Available CurrenciesINR
Online Transfer FeeUSD 0

Limited options

Remit2India concentrates on helping its customers send money solely to India. If you need a service that lets you send money to India quickly, you might be disappointed with Remit2India’s slow two- to six-day transfer time. This delivery speed makes Remit2India a better candidate for planned transfers or regular transfers than emergency transfers or overseas payments. In addition, Remit2India only provides one-off transfers.

If you can wait a week or more for your transfer to arrive and want to ensure more of your money gets in your recipient’s hands and not the pockets of a money transfer company, Remit2India could be a strong contender for your transfer.

Highlights

  • Send money to India, and only India.
  • Non-emergency transfers. Transfer speeds vary from two to six days.
  • One-off transfers. Remit2India only offers one-off transfers. You can’t schedule recurring payments or make forward contracts.

How much does Remit2India cost?

How much you’ll pay with Remit2India varies by how much you’re sending:

  • For transfers of $50 to $999, you’ll pay a $2.99 fee.
  • For transfers over $999, you’ll pay a $0 fee.

Exchange rates

Remit2India offers competitive exchange rates for international money transfers to India. These rates are updated throughout the day in line with global markets — which means the rate you pay would differ from the rate you see online, given market fluctuations.

To view Remit2India’s current exchange rates, use its Online Exchange Rate Calculator.

Calculate your fees and exchange rates

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$50 1 - 2 days - - Go to site Show details

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What types of transfers can I send with Remit2India?

Remit2India offers only one-off transfers. You can transfer the money by two methods:

  • ACH transfers. These secure, reliable transfers are sent online through the ACH network, with your funds delivered to your recipient within six business days.
  • Wire transfers. Send your funds from an existing bank account for delivery to your recipient’s account within two business days.

If you need assistance, Remit2India’s customer service team is available by phone or email 24/7. You’ll also find a handy FAQ online.

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Pros and cons of using Remit2India

Pros

  • Expert specialists. Remit2India focuses solely on transferring money to India from over 24 countries, so you can be confident you’ll get the most out of your transfer.
  • Competitive exchange rates. Remit2India’s exchange rates stack up strongly against those offered by your bank and other money transfer providers.
  • 24/7 support. Remit2India offers 24/7 customer service if you need it.

Cons

  • Services limited to India. If you need to send money elsewhere, you’ll need to use a different service.
  • Slower delivery. Transfers take two to six business days depending on your transfer method.

How do I register and transfer money with Remit2India?

Step 1. You’ll first need to register for a free Remit2India account. It’s a simple process that involves providing your name, date of birth, phone number, email address, proof of identity and linked bank account details.

Step 2. Once you have an account, you enter details about your recipient, including their name and bank account details, as well as the amount of money you wish to send.
Step 3. Choose your transfer method and then submit your transaction.

ACH transfers are processed within six working days, and wire transfers are processed within two working days.

Bottom line

Remit2India is a competitive, affordable service for transferring money to India. If you need to send money to India, Remit2India can get it there securely.

However, to get the best deal for your personal circumstances, compare the exchange rates, transfer fees and other details of independent money transfer services before handing over your cash.

Frequently asked questions

Methodology

Our team analyzes money transfer providers offering services in the US — from big names to digital upstarts. We rank rates and fees, speed, services and user experience for:

  • TransferWise
  • World First
  • HiFX
  • OFX
  • WorldRemit
  • Currencies Direct
  • Western Union
  • RIA Money Transfer
  • MoneyGram
  • Remitly
  • Payoneer
  • Remit2India
  • Xoom
  • PayPal

Learn the details of our methodology and scoring.

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Kelly Waggoner

Kelly Waggoner is a senior editor with finder.com. She's worked with publishers, magazines and nonprofits throughout New York City, including ghostwriting a how-to on copyediting for the Dummies series. Between projects, she toys with words, flips through style guides and fantasizes about the serial comma's world domination.

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