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ICICI Bank Money Transfer Reviews 2024
ICICI Bank Money Transfer Review by Exchange Rate IQ
Overall rating
9
/10
Send money to India using secure and cost-effective online money transfer service that is ICICI.
Benefits of ICICI:
- Secure transfers from any bank overseas
- Wide range of online services
- Secure your online transfers
- Wide range of delivery options
- Online tracking of money transfers
- Cost efficient and competitive exchange rates
- 24X7 Service Commitment
Review of ICICI Bank Money Transfer :
Incorporated in 2000, ICICI Money2India is powered by ICICI Bank Ltd, one of the oldest online remittances service for NRI’s for transferring money to India from around 9 countries. With Money2India you can send money from Australia, Canada, Hong Kong, Singapore, Sweden, Switzerland, UAE, UK and USA to a beneficiary in India (In any bank account).
On Technology point of view, Money2India is constantly working to provide best user experience and help NRI’s transfer money with ease. Few key features introduced are:
- Transfer money in just 3 clicks.
- Transfer money using mobile apps.
- Transfer money via voice command to Siri.
- Automated recurring money transfer.
- Using inter banking platform, ICICI NRI account holders can do international money transfers.
- Pay bills to nearly 100 services directly via Money2India like telephone bills, Insurance premiums, prepaid mobile recharge and so on.
- Fixed exchange rate - With this one can lock the exchange rate and transfer fix amount in rupees.
- Biometric login for mobile app.
Money2India is rated 9 out of 10 for NRI’s who wish to transfer money from Australia, Canada, Hong Kong, Singapore, Sweden, Switzerland, UAE, UK and USA. Money2India is part of India’s largest private sector bank which makes service mush faster. NRI’s who are doing banking with ICICI bank will get direct benefit of M2I service. Money can be transfer online and offline via both the modes.
Pricing : How much does ICICI Bank Money Transfer cost?
7
/10
On Pricing or service charge we rate ICICI Money2India 7 out of 10 as we still feel that in some corridors fees are higher than average on small amount transfer.Please find below the charges on different amount by countries.
From USA to India
- Free Money Transfer on and above INR 65,000.
- Below 65,000 INR – 3 USD service charges
- Free Money Transfer on and above USD 1000.
- Below 1000 USD – 3 USD service charges
Fixed Rates
Indicative Rates
From Canada to India
- Free Money Transfer on and above 1500 CAD
- Up to 1500 CAD – 4 CAD service charges
From Australia to India
- No service charges
From Singapore to India
- No service charges
From Canada to India
- Free Money Transfer on and above 1500 CAD
- Up to 1500 CAD – 4 CAD service charges
From UAE to India
- 15 AED service charges
From Hongkong to India
- No service charges
From Switzerland to India
- Free Money Transfer on and above 1500 CHF
- Up to 1500 CHF – 4 CHF service charges
From Sweden to India
- Free Money Transfer on and above 8000 SEK
- Up to 8000 CHF – 20 SEK service charges
From UK to India
- Upto INR 41,875 – 0.74%
- From INR 83,751 and Upto INR 125,625 – 0.60%
- From INR 125,626 and Upto INR 167,500 – 0.58%
- From INR 167,501 and Upto INR 251,250 – 0.57%
- From INR 251,251 and Upto INR 400,000 – 0.56%
- From INR 41,876 and Upto INR 83,750 – 0.65%
- From INR 400,001 – 0.55%
- Upto GBP 500 – 0.74%
- From GBP 501 and Upto GBP 1000 – 0.65%
- From GBP 1001 and Upto GBP 1500 – 0.60%
- From GBP 1501 and Upto GBP 2000 – 0.58%
- From GBP 2001 and Upto GBP 3000 – 0.57%
- From GBP 3001 and Upto GBP 10000 – 0.56%
- From GBP 10,001 and Upto GBP 650,000 – 0.55%
Fixed Rates
Indicative Rates
Transparency: Does ICICI Bank Money Transfer have any hidden fees?
9
/10
Money Transfer process with ICICI Money2India is complete transparent, you will get update from Money2India on every stage from initiating the request till receiving money in recipients India account - we rate ICICI Money2India 9 out of 10 for Transparency.
Transfer Speed: How long does it take to send money through ICICI Bank Money Transfer?
8/10
On website Performance and Money transfer Speed - we rate ICICI Money2India 9 out of 10 for Speed. Maximum case ICICI Money2India service do same day fund transfer when both the transfer modes are Bank to Bank.
Pay in Option with ICICI Money2 India are Direct from Foreign Bank Account or CashCard, where Pay Out Option with ICICI Money2India are Any Bank Account in India or CashCard or demand draft which will be dispatched to your recipient in India.
Other then online money transfer, ICICI Bank also provide Offline Money transfer service for Correspondent Banks and Foreign Currency Cheques. In Correspondent Banks, ICICI Bank has partnership with several banks and exchange houses to transfer money in India included Insta Transfer, Speed Transfer, and Demand Drafts. In Foreign Currency Cheque, ICICI Bank accept foreign currency cheques, travellers cheques, demand drafts, cashier orders, pay orders, and bankers cheques where money will be credited into your account form 1 business day to 21 business days.
Coverage: How many Countries & Currencies does ICICI Bank Money Transfer support?
7/10
Money Transfer service with ICICI Money2India is limited to 9 countries, while there is growing demand in global market for this service Money2India need to consider extending services to more countries - we rate ICICI Money2India 7 out of 10 for Market Coverage.
ICICI Bank Money Transfer Promo Codes & Offers
ICICI Bank Money Transfer Transfer Process
On Customer Support, Money2India has 24X7 helpline with Toll Free Numbers for USA, Canada, UK, Australia, Singapore and UAE. Toll free numbers are available for NRIs when in India and Non Toll Free numbers for NRI’s in Hong Kong, Sweden and Switzerland. Money2India also have email support, online chat, request a call back and social media presence on Facebook. With all the above service you will get top notch customer service with Money2India to resolve any query ASAP.
User experience of ICICI Bank Money Transfer
9/10
For providing best user experience Money2India is adding loads for features to its technology suite as as Mobile app, quick money transfer service in 3 steps, Siri integration and so on. We rate ICICI Money2India 9 out of 10 for User Experience.
Security : Is ICICI Bank Money Transfer Safe?
9/10
Money2India is 100% secure money transfer service with Firewall and 128 bit encryption Money2India safeguard your personal, financial and transactional details with international standard.
Money Transfer process is completely secured and we rate ICICI Money2India 9 out of 10 for Security.
ICICI Bank Money Transfer Exchange Rate
Transfer Type And Modes
Pay In Options
| Bank |
| Cash Card |
Pay Out Options
| Bank |
| Cash Card |
Service Mode
|
|
Exchange Rate Type
| Fixed |
Alternatives to ICICI Bank Money Transfer
ICICI Bank Money Transfer User Reviews and Ratings
The worst support team and policies
The worst support team and policies, I have set auto debit for my Credit card and it was due on 7th April but due to the Holiday Auto debit will be not made, previously I made a manual payment and both payment was executed. Now they are charging me for late payment and for Auto payment failure. The support is very bad, they can only provide recorded replies when we ask extra questions all will cut the call.
Exceptional Service and Seamless Home Account Opening Experience at ICICI Bank Southall Branch in London with Geerish Mandrekar
I had the pleasure of receiving exceptional service from Geerish Mandrekar at the ICICI Bank Southall branch. Geerish went above and beyond to assist me in opening a 3-in-1 bank/demat account seamlessly. From the initial consultation to the finalization of the process, Geerish demonstrated a high level of professionalism and expertise. What truly impressed me was Geerish's willingness to go the extra mile. He not only guided me through the account opening process but also came to my house to complete the documentation, ensuring maximum convenience for me. His attention to detail and dedication to providing top-notch customer service truly stood out. Within a remarkably short period, I received all the necessary details, including login credentials, ATM card, and cheque book, enabling me to start using my account without any delay. I highly recommend Geerish Mandrekar to anyone seeking banking services at the ICICI Bank Southall branch. His commitment to excellence and personalized approach make him an invaluable asset to the bank and a trusted partner for customers seeking a seamless banking experience. Thank you, Geerish, for your outstanding assistance!
Serving and Solving Customer Issues Expeditiously Customer With A Smile!
Had been having long standing issues with my Indian ICICI Bank accounts because of my inability to comply with various hurdles which got generated because of Digital revolution in the country since 2014! Correspondence for many of my accounts in India with other leading Indian Banks have so far met with NO PROGRESS! I must appreciate that only ICICI Bank took pains to address my issues as and when I could contact them, but the problems had outgrown and mutiplied with time. However, Daniya Grover, Financial Service Officer patiently & boldly listened to my outstanding issues, sat down for hours with us without any grudge, that too smilingly and tackled all the issues, Systematically using Legally correct techniques within the framework of RBI's Directives. Positive and encouraging results are being received and my confidence in ICICI performance is all time HIGH in comparison to the Leading Indian and Canadian Banks. Really Officers like Daniya Grover are real assets with any bank and are very Rare even in the leading banking sector of Canada and India as far as my experience in dealing with banks is concerned. Daniya Grover: A rare and excellent banking professional with ICICI which will make ICICI to excel in the banking sector in times to come!
Very bad customer services
Very bad customer services. Never resolve any issue I came Malva parisar Indore branch so many times but they always give me excuses any resolve my issues there was an issue issue of payment. I didn’t receive a payment from 2 months
