Remit2India Review

Remit2India Review Summary

Remit2India is a great service for sending money overseas to India. Remit2India is regulated by Unimoni and uses sufficient security measures to protect your funds. Remit2India is a good choice for sending savings to loved ones in India, or for making a down payment on a property in India. Remit2India is one of the most popular sites for sending money to India. It has been in business for years, and provides various payment methods. The fees are reasonable. To use the service, you must sign up for an account on the website. You must provide basic contact details and a date of birth to ensure your identity. After signing up, you can then begin transferring money to your recipient in just a few clicks.

Remit2India review
Remit2India Features

Remit2India Year Established

2001

Remit2India International Clients

Remit2India accepts international clients.

Remit2India Age requirement

18 years

Remit2India Currencies Offered

5 online

Remit2India Minimum Transfer

none

Remit2India Transfer Fees

0-2.99$

Remit2India Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Remit2India Employees

100

Remit2India Turnover

Remit2India Regulation

Financial Conduct Authority (FCA)

Remit2India Fees

Remit2India transfer fees are 0-2.99$.

Fees with Remit2India may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Remit2India, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Remit2India Client Rating

Remit2India has a rating of 3.

Number of Remit2India customers

5000000

Remit2India Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

Remit2India Supported Languages

Month Savings
January $100
February $80

Remit2India Review

Remit2India review
Pros and Cons of Transferring Money with Remit2India

Most of the time money transfers with Remit2India will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Remit2India money prior to submitting an application to Remit2India.

Can you easily afford the Remit2India fees, are the exchange rate costs reasonable with Remit2India?

Remit2India review
Remit2India Advantages

  • Remit2India has been in business over 4 years
  • Remit2India is availble in many international countries.
  • Remit2India offers phone support.
  • Remit2India offers email support.
  • Remit2India offers an Apple iOS mobile application.
  • Remit2India offers an Android Google Play Store mobile app.

Remit2India review
Remit2India Disadvantages

  • Remit2India does not offer PayPal as a payment method
  • Remit2India does not offer Neteller as a payment method
  • Remit2India does not offer Skrill as a payment method
  • Remit2India does not offer a mobile wallet.
  • Remit2India does not offer Home delivery for money transfers.
  • Remit2India does not offer Cash pickups for money transfers.
  • Remit2India does not offer Money orders.
  • Remit2India does not offer Livechat support.

What Is Remit2India?

Remit2India is a financial service company, that offers its clients money transfer services.

Remit2India was founded in 2001 by and has offices in Mumbai, India.

Remit2India provides money transfer services to its 5000000 customers who are from all over the world including India.

The Mumbai, India Remit2India business was founded in 2001 to deliver money orders locally and internationally.

Do Remit2India Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Remit2India Trusted And Established?

Remit2India is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Remit2India was established in 2001 in Mumbai, India, and has been in operation for around 23 years Remit2India have a head office in Mumbai, India.

Remit2India review
How much does it cost to send a Remit2India Transfer?

Remit2India money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Remit2India only charges 0-2.99$, when compared to other money transfer service providers.

Remit2India review
How much can I send with Remit2India?

The maximum transfer amount with Remit2India is up to 25000 AUD/transaction (wire transfer), 100000 INR (instant) (or its currency equivalent) online.

While Remit2India charges a small percent of transfer fees, the brand offers reasonable exchange rates.

Remit2India review
Remit2India Money Transfer Terms and Conditions

When transferring money with Remit2India, it is crucial to keep tabs on the following:

  1. Remit2India Speediness. Often the need to money transfer may be urgent and time critical.
  2. Remit2India Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Remit2India Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Remit2India Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Remit2India Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Remit2India customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Remit2India review
How Remit2India Compares To Other Money Transfer Companies

NameRemit2IndiaXE Money TransferWise Multi-Currency Account
Usedby500000028000000011000000
Transfer Time2-6 business days1-4 business days1-2 business days
Min TransfernoneUS$1.001 USD
Max Transfer25000 AUD/transaction (wire transfer), 100000 INR (instant)US$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment Methodsdirect debits, wire transfers, the email money transfer (EMT) method or the bill payment methodBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Remit2India review
Remit2India Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Remit2India or imposed by Remit2India. Your Remit2India money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Remit2India account.

Remit2India review
Remit2India Fees & Exchange Rates

Several money transfer platforms like Remit2India charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Remit2India may charge for a currency exchange.

Remit2India review
Remit2India Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Remit2India charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

Remit2India review
Remit2India Exchange Rate Margins

Exchange rate margins are how Remit2India, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Remit2India quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Remit2India to see what their exchange rate margin is.

Remit2India review
Remit2India Methods to Transfer Funds

A Remit2India fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Remit2India enables users to transfer money using bank transfer, via none.

Remit2India review
Remit2India Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Remit2India offers every available world currency to its customers. We list the major Remit2India supported currencies below.

Remit2India Money Transfer Currencies
NameCurrencies
USD, CAD, GBP, EUR, AUD
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Remit2India review
Remit2India Transfer Options

Remit2India offers the following transfer options:

Remit2India Money Transfer Options Compared
NameTransfer Options
Bank deposit
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Remit2India. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Remit2India review
Who Remit2India Services Are Available To

Remit2India offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Remit2India Country Restrictions

Remit2India does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Remit2India is not allowed to legally operate in those regions or it is not economically viable for Remit2India to provide money services in these regions.

Remit2India review
Remit2India International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Remit2India money transfer is quick and simple with the modern Remit2India online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Remit2India website.

The Remit2India website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

Remit2India review
Remit2India Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Remit2India has a minimum transfer amount of none.

Remit2India review
Remit2India Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Remit2India does not have a maximum transfer limit when the user is paying through phone. There is however, a 25000 AUD/transaction (wire transfer), 100000 INR (instant) limit per transaction for online transfers.

Remit2India review
Remit2India Money Transfer Fees and Charges

These are the fees charged by Remit2India and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Remit2India review
How Long Does It Take to Get a Remit2India Money Transfer

Remit2India money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Remit2India, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Remit2India.

Remit2India review
Remit2India PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Remit2India is not a publically listed company. Remit2India is a privately owned company.

Remit2India review
Remit2India Money Orders

The charges for issuing money orders with Remit2India are 0-2.99$.

Remit2India review
Remit2India Mobile Top Up

Remit2India offers mobile top ups.Remit2India mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Remit2India COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Remit2India directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Remit2India Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Remit2India. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Remit2India money transfers are best for people looking for looking for a reliable fast money transfer service.

Remit2India Guide for Fast Money Transfer Approval

For Remit2India to be able to process your money transfer application as quickly as possible make sure you have everything Remit2India need. If you and Remit2India need to go back and forth it may delay the Remit2India application process. Make sure every piece of information you give Remit2India is accurate.

Please note that you must have at least a minimum of one active bank account for Remit2India to process your money transfer.

Remit2India Application Time

Application time refers to the amount of time you have to wait for your Remit2India registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Remit2India system.

Remit2India Approval Time

It is the time it takes for Remit2India money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Remit2India Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Remit2India money transfer has been approved the money should be in your account within four working days.

Remit2India review
Things to Check Before a Remit2India Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Remit2India money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Remit2India review
Remit2India Customer Support

Remit2India support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Remit2India customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Remit2India money transfer you will want to speak to a Remit2India representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

Remit2India review
Does Remit2India Offer Live Chat?

Customers can reach out to Remit2India through live chat to resolve Remit2India money transfer account issues or difficulties with their Remit2India account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Remit2India review
How does Remit2India Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Remit2India you will want to know how Remit2India compares with other leading online money transfer companies. See how Remit2India compares below.

  1. Visit Remit2India alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Remit2India alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit Remit2India alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit Remit2India alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit Remit2India alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Remit2India alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit Remit2India alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit Remit2India alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit Remit2India alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit Remit2India alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit Remit2India alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Remit2India review
Remit2India Website and Mobile Apps

Remit2India has a website available online but it may be useful to manage your Remit2India account from your mobile device like your tablet or phone.

Remit2India offers an Android mobile application on the Google Play store.

Remit2India offers an Apple IOS mobile application for iPhones and iPads allowing Remit2India to users to check their Remit2India accounts on their iOS mobile devices.

Remit2India review
Remit2India Deposit and withdrawal Methods

Remit2India offers the following Money Transfer payment methods: direct debits, wire transfers, the email money transfer (EMT) method or the bill payment method. All of significant bank systems are all acknowledged with Remit2India.

Remit2India offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Remit2India may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Remit2India.

Remit2India review
Is My Money Safe With Remit2India?

Remit2India is a reliable, secure, and trusted option for sending money overseas. Remit2India are registered and regulated with the Financial Conduct Authority (FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Remit2India customers.

Remit2India review
Remit2India Financial Regulation and Safety of Remit2India Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Remit2India that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Remit2India is fully licenced as a money transfer company.

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Remit2India Payment Services Regulations and Remit2India

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Remit2India is financially regulated. Remit2India is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Remit2India Possess a responsibility of care to their clients.

Is Remit2India Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Remit2India are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Remit2India and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Remit2India Segregation of Client Funds

Remit2India as part of their regulation are required to segregate client funds from Remit2India company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Remit2India regulatory requirements mean that Remit2India Money Transfer funds and your funds should be totally separate. Remit2India cannot use any money that is still legally yours to conduct Remit2India daily business like paying Remit2India suppliers and costs. Your funds should be kept by Remit2India in a segregated bank account.

Remit2India Regulation Checklist

  • Check whether Remit2India has authorisation to offer consumer credit
  • Check the type of activities that Remit2India are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Remit2India list on their website and the regulator match.

Remit2India Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Remit2India goes to great lengths to protect your Remit2India account from fraudulent use. We explain some of Remit2India anti-fraud features below:

  1. Remit2India has SSL encryption that protects the customer's private information.
  2. Remit2India has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Remit2India platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Remit2India account, as you are instantly aware of every Remit2India transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Remit2India, the Remit2India accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Remit2India delivery instructions.

Remit2India Monitors Your Account for Suspicious Transactions

Remit2India has systems and controls in place to detect fraudulent activity and protect Remit2India client accounts from misuse. If Remit2India detect a questionable transaction on your Remit2India account, Remit2India will contact you to verify the transactions legitimacy to ensure your Remit2India funds are safe.

How Does Remit2India Make Money?

Remit2India and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Remit2India also earn money via foreign exchange rates.

Money transfer companies like Remit2India and banks need to survive, so they make money on interest from accounts and money transfers.

Remit2India Frequently Asked Questions

We list some of the most frequently asked Remit2India questions below.

Is there a limit to how much I can transfer with Remit2India?

You can transfer up to 25000 AUD/transaction (wire transfer), 100000 INR (instant) at a time.

When will I receive my Remit2India transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Remit2India transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 1800223123.

How old do you have to be to sign up to a Remit2India account

To signup to a Remit2India account you will need to be at least 18 years old.

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Is Remit2India a Scam?

Remit2India have been in operation since 2001 and have over 5000000 customers and 100 employees. Remit2India is not a scam.

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Sending money online with Remit2India

Sending money with Remit2India is a single process once you have registered and verified your Remit2India account and payment methods.

  1. Go to the Remit2India website
  2. If you have a Remit2India account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Remit2India how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Remit2India exchange rate and any fees.
  7. Pay for your Remit2India transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Remit2India money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Remit2India account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Remit2India money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Remit2India allows for a deposit directly into your bank, credit union or other financial account.

Remit2India Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Remit2India allows you to pick up money in person at a Remit2India agent location.

Remit2India Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Remit2India Does not support mobile wallets.

Remit2India Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Remit2India do not offer home delivery money transfers.

When was Remit2India founded?

Remit2India was founded in 2001.

Is Remit2India Any Good?

Remit2India have a rating of 3 and are financially regulated, Remit2India can be considered a good money transfer company.

Is it easy to close my Remit2India account?

Its is easy to close you Remit2India account. You will have to make sure any outstanding payments and fees due to Remit2India are paid in full Before Remit2India will fully close your account. Make sure when closing your account Remit2India send you an official confirmation that your account is closed and no more monies are due to Remit2India.

Does it take long to setup a Remit2India account?

No, setting up a Remit2India account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Remit2India account in 1-3 days.

Where are Remit2India based?

Remit2India are based in Mumbai, India

Countries where Remit2India is legal?

Remit2India is legally allowed to operate in over 17 countries.

How do I track a Remit2India Money Transfer

You can track a Remit2India money order by calling Remit2India or by tracking the order online. Call Remit2India number on 1800223123. The Remit2India automated phone system will take a few details and give you a status update. You can go online to the Remit2India website and check the status of a money transfer at any time.

If you have a Remit2India online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Remit2India transaction, use the Remit2India payment reference number on the Remit2India website to check the status of the transfer.

Can I cancel my Remit2India transfer?

The way that you cancel a Remit2India transfer depends on how you created and sent the Remit2India money transfer originally.

You may need to contact Remit2India by phone on 1800223123, through their website at www.remit2india.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by Remit2India.

If you made the Remit2India transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Remit2India account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Remit2India transfer on their website.

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