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Remit2India is now closed for good and can’t be used to send money to India.
Please use the following guide to find the best alternatives to your transfer needs.
Alternatives to Remit2India
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
You can also use our form below to find the best deal on money transfer to India based on your needs.
Remit2India used to be a popular transfer service to India with many branches. For those who used the service in the past, below you will find the original review as well as the top alternatives to use.
Scoring Remit2India
The key areas of our Remit2India review are the fees & exchange rates, transfer limits & speed, product offering, ease of use, safety, and customer feedback.
Sending money on the Remit2India platform gives you lots of benefits including advanced technology infrastructure. However, on the flip side, the provider has its own challenges and areas in need of improvement. Below are some of the pros and cons.
- Customers enjoy some of the best rates in all the 5 remittance corridors. The exchange rate margin charged is less than 1%
- The fees per transaction are among the lowest in the industry. With other providers charging anywhere between 5 and $10, Remit2India charges only $2.99, and above a certain threshold based on the currency pair you can pay zero transfer fees.
- Thanks to the fewer transfer corridors, the customer service team and the other employees have mastered the details involved in transfers to India from the five markets. The minute you ask a question, chances are that they’ve had a similar scenario and hence can give a quick resolution.
- Paying for your Remit2India transfer is simple and convenient. You can pay via online transfer, wire transfer, debit, bill payment, and email money transfer.
- Remit2India only allows for transfers to India. This makes the company a one-way money transfer and payment solutions provider.
- Depending on the transfer method that you choose, it can take up to 5 working days for your transfer to be delivered.
- You can send money to India in only 5 currencies that are supported on the Remit2India platform. They are USD, CAD, GBP, EUR, and AUD.
Remit2India fees and exchange rates
Fees and rates
Remit2India charges both transfer fees and exchange rate margins on the transfers it processes. The amounts being transacted, and the currency pairs involved determine how high the fees go and how wide the margins get.
Exchange rates
Remit2India updates its exchange rates during the day to reflect the global market pulse. However, due to the instantaneous nature of real exchange rates, the updates may not be exactly in sync with the prevailing rate.
The provider may display on its transfer widget the indicative rate guaranteed rate or both for any currency pair.
Guaranteed exchange rate
This is the rate at which your transfer will be processed. When transferring funds for reasons such as property purchases and Equated Monthly Instalments (EMIs) that require fixed amounts to settle, the guaranteed exchange rate is the best option as it assures you of how much your recipient will get.
Indicative rate
This exchange rate only shows the prevailing exchange rate status as far as your currency pair is concerned. Normally, it is not the rate at which your transfer will be processed. The actual rate will be determined during the transfer processing and may be above or below the indicative rate depending on the currency market movement.
In terms of exchange rate margins, Remit2India charges between 0.5% and 1% off the mid-market rate.
The currency pair with the lowest margin (0.08%) is the EUR/INR while the pair with the highest margin is the AUD/INR at 0.9%.
Compared to other digital money transfer companies, Remit2India is on the competitive edge close enough to providers like TransferWise who charge 0% margins.
International transfer fees
The amount you will pay in transfer fees depends on the size of the transfer.
Transfers of $50 to $999 or equivalent will incur a fee of $2.99. Whilst there is no transfer fee for transfers over $999.
Compared to other money transfer providers, Remit2India fees are very attractive. Banks charge up to USD 40 per transfer which pales in comparison to Remit2India’s fees.
Remit2India makes it clear that the charges billed do not include bank charges and any other fees that may be charged by the sending or receiving banks. For instance, if you pay for your transfer using ACH, you may be charged some fees. On the receiving end, there could be additional charges such as landing fees, processing fees, and intermediary fees.
To put these numbers into perspective, let’s assume you’re making a $1000 transfer from the US to a bank via bank transfer to a bank account in the following countries:
Country | Remit2India fees | Wise fees | Xoom fees |
|---|---|---|---|
$10.00 | $8.12 | $13.50 |
Transfer speed
Transfer speed
Sending money to India through the Remit2India platform takes anywhere from 30 minutes to 5 days. The speed of transfer depends on the amount you are transferring, local clearing processes, bank availability, and compliance checks.
Instant Transfer- When transferring money from the United States to India, you can use the Instant Money Transfer solution which takes only 30 minutes.
This service comes in handy when sending money for use cases such as:
Medical emergency
Loan installment
Surprise birthday gift
School fees
Transfers of up to $3,500 qualify for instant transfers which can be initiated through the Remit2India website or mobile app.
Product offering
Product offering
Supported currencies & destinations
Remit2India solely concentrates on sending remittances to India. The company has been around for 16 years and has a partnership with 89 banks in India.
Transfer types
Remit2India transfers money directly to the recipient's bank account in India at no cost to the beneficiary. This saves families the need and risk of handling cash from cash pickup points.
Payment methods
You can pay for your transfer to India through any of the following methods. It is important to note that these payment gateways may differ based on the corridor:
Direct debit
Online bank transfer
Wire transfer
Email Money Transfer -This transfer method is mostly used for Canada- India transfers and is also known as Interac e-Transfer.
Receiving methods
Mobile app
Remit2India has a mobile app available on both iOS and Android platforms. The app makes it convenient to transfer funds to recipients in India. Through the app, you can do the following:
Send money to your family and friends
Add recipients
Track transfers
Check historical transfers
Check rates and transfer fees
On Google Play, the app has a rating of 2.4/5.0 from 1,790 reviews. The iOS version has 3.6/5.0 in overall ratings and a total of 125 reviews.
Safety and trust
Safety and trust
Remit2India was set up in 2001 and in the course of time, the company has grown through value-adding services to customers. Because of the company's laser focus on transfers to India, it has built a much stronger and tailored technology infrastructure to offer customers excellent experiences.
The company is owned by UAE Exchange, a subsidiary of Finablr, a global payment solutions provider for businesses and individuals across the world. Currently, Remit2India has over 500,000+ clients on its various corridors.
Remit2India systems are protected by Norton Secure which means all communications between customers and the company are secured. This is in addition to the bank-grade security layers the company has put in place. In Canada and Australia, Remit2India is regulated by Unimoni Limited, which is another global money transfer and foreign exchange service provider.
Customer feedback
Customer feedback
On Trustpilot, Remit2India has 3,471 reviews, 75% of which are 5-star and 12% of which are 4-star. This is what customers had to say:
- Fast and reliable transfers
- Simplified and streamlined app and desktop experiences
- Great customer support
- Competitive rates
- Identity and proof of address verification takes too long
- Delays in transfers with some transactions taking over 6 days to complete
- Poor customer support on some occasions
Making international transfers
Sending money through Remit2India is extremely simple and once you’ve been approved for an account, the process should take less than 10 minutes from start to finish.
Sending money online
The Remit2India website is very easy to use. To get started follow these simple steps:
Sign Up for a Remit2India Account
This is a straightforward process where you key in your name, date of birth, phone number, email address, and proof of identity to open the account.
Enter the Recipient Information
Enter the recipient information, and the amount you would like to send, and choose how you'll pay for your transfer. You can choose online banking, direct debit, or wire transfer.
Send the Transfer
Check that all details are correct, make the payment, and send the transfer. ACH transfers take a little longer than online banking transfers. For some transfers, especially those involving large amounts, you may have to wait for up to 5 days.
Receive Notification
You can now track the transfer through the website. You should receive a notification once it’s arrived with your beneficiary.
Sending money through the app
The Remit2India mobile app allows users to send money to India from wherever they happen to be in the world. Working in a similar way to the website, the process is simple and can be achieved in a few minutes. Just follow these simple steps:
Sign Up for an Account
Download the mobile app from Google Play or the Apple iOS store and sign up for a Remit2India account. Once your account has been approved, you’re good to go.
Enter Transfer Amount
On the welcome screen select the country that you’re sending money from. You will then be asked to enter the amount that you’d like to send.
Choose Payment Method
Choose how you’ll pay for your transfer. You can choose online banking, direct debit, or wire transfer.
Track the Transfer
Check that all details are correct, make the payment, and send the transfer. You can then use the mobile app to track your transaction.
Sending money through wire transfer
The process differs a little if you’ve chosen to send a wire transfer to India, as this will need to be initiated by your bank. Wire transfers usually arrive within two days and again the process is simple if you follow these steps:
Follow Steps 1-4 of Sending Money
Follow Steps 1-4 above, either online on the Remit2India website or through the mobile app.
Print the Remittance Confirmation Page
Once you’ve completed the transaction your screen will display the Remittance Confirmation page.
Sign It Then Give It to Your Local Bank
Print out this page and hand it to your local bank with a signature.
It is your right to cancel a transfer as long as it has not already been paid out to the recipient. To do so, put your request in writing to info@remit2india.com or call the toll-free number 1-888-736-4886 within 30 minutes following your transfer payment. After successful cancellation, you’ll get a refund within 3 business days.
Receive international transfers
As transfers from Remit2India arrive directly at your bank account, there is little that you need to do to receive money. Online money transfers can take up to five days to clear and Remit2India works with 89 different banks in India. Follow these steps to get started.
Inform the sender of your account details
Make sure the person making the online money transfer has your bank account details.
Receive funds
Wait for your funds to arrive.
Once you make your transaction, Remit2India will send you a receipt with your reference number. They will send you an update if the remittance is delayed or if you make any changes to the transfer. You and your recipient will both receive an update once the transaction arrives. You can also track your transactions at any stage by logging into your account.
How Remit2India compares to other transfer services
Fees & Rates9.4Transfer Speed9.0Safety & Trust9.2Product Offering8.8Transfer Limits9.5Ease of Use10.0Customer Feedback8.5Overall
Fees & Rates9.8Transfer Speed9.0Safety & Trust9.0Product Offering8.0Transfer Limits9.0Ease of Use9.0Customer Feedback8.4Overall
Fees & Rates9.3Transfer Speed9.0Safety & Trust9.0Product Offering8.0Transfer Limits9.0Ease of Use9.0Customer Feedback8.7Overall
Fees & Rates9.1Transfer Speed8.0Safety & Trust9.0Product Offering9.0Transfer Limits8.0Ease of Use9.0Customer Feedback9.0Overall
Fees & Rates9.4Transfer Speed8.0Safety & Trust8.5Product Offering8.8Transfer Limits9.5Ease of Use8.2Customer Feedback8.3Overall
Other Alternatives
Alternatively, consider using one of these neobanks for international transfers.
A bit more about Remit2India
Is Remit2India closed?
I can’t print out the Remittance Booking Instruction page, will my remittance still be processed?
Is money sent through Remit2India taxable for my recipient?
Help & FAQ
Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.
More Money Transfer Services
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The key areas of our A Place In The Sun Currency review are focused on the fees & exchange rates, transfer limits & speed, product offering, ease of use, safety, and customer feedback.
WorldRemit doesn't put a list of all their fees online, so you’ll have to input the details of your transfer to find out how much you’ll need to pay in fees. However, once you do, you’ll be shown what rate you get and what transfer fee you’ll pay depending on the destination, currency and payment method.
Founded in 2015, Revolut has been supplying online banking and transfer services to customers across the globe for years.
