ICICI Bank Money Transfer Reviews 2020

1 stars based on 349 reviews

Send Money To Rate
USD INR ₹ 72.8

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

    Fixed Rates

    • Free Money Transfer on and above INR 65,000.
    • Below 65,000 INR – 3 USD service charges

    Indicative Rates

    • Free Money Transfer on and above USD 1000.
    • Below 1000 USD – 3 USD service charges

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

    Fixed Rates

    • 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%

    Indicative Rates

    • 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%

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

Canada to India
Get extra 40 paisa rate on first transaction
United Kingdom to India
Get 40% discount on commission
Australia to India
Get extra 35 paisa rate on first transaction

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

 Online

Exchange Rate Type

Fixed

Alternatives to ICICI Bank Money Transfer

ICICI Bank Money Transfer User Reviews and Ratings

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I am an account holder with this bank…

Review published ago

I am an account holder with this bank for the last 10 years.They have provided an excellent service to me during all this period. All the employees are very courteous and well organised. I find them very professional.I myself is a doctor therefore I am well qualified to value other professionals.I will very much recommend this bank to any one of my friend or to new customers.

by Dr Ravendra Singh Bhadoria

I am an account holder with this bank…

Review published ago

I am an account holder with this bank for the last 10 years.They have provided an excellent service to me during all this period. All the employees are very courteous and well organised. I find them very professional.I myself is a doctor therefore I am well qualified to value other professionals.I will very much recommend this bank to any one of my friend or to new customers.

by Dr Ravendra Singh Bhadoria

Fraud/misguidance

Review published ago

I was given loan on flat interest rate but personnel at bank told me that this is on reducing interesting rate.

by Subhash Chand

Fraud/misguidance

Review published ago

I was given loan on flat interest rate but personnel at bank told me that this is on reducing interesting rate.

by Subhash Chand

Poor service froud bank Maere account…

Review published ago

Poor service froud bank Maere account se balance debit ho gya MERI ik Saal ki kmaayi debit ho gyi mujhe pta v nhi lga lol kv v isme account open Mt krna frind plz MERI request h aapse bhut bda frod bank balance debit kB huaa pta v nhi lgega thanku

by D jobs “Abroad job” company

Poor service froud bank Maere account…

Review published ago

Poor service froud bank Maere account se balance debit ho gya MERI ik Saal ki kmaayi debit ho gyi mujhe pta v nhi lga lol kv v isme account open Mt krna frind plz MERI request h aapse bhut bda frod bank balance debit kB huaa pta v nhi lgega thanku

by D jobs “Abroad job” company

Very bad experience.never go icici…

Review published ago

Very bad experience.never go icici bank.this bank can give only headache and tress.icici is only name not quality wotk.I hate this bank.

by Dr.Ujjwala Gaikwad

Very bad experience.never go icici…

Review published ago

Very bad experience.never go icici bank.this bank can give only headache and tress.icici is only name not quality wotk.I hate this bank.

by Dr.Ujjwala Gaikwad

Worst customer care system

Review published ago

have called customer care 4 times. My feedback is: 1. Takes 5 minutes of wait time before i can speak to a human being 2. First time the phone got disconnected after about 2 minutes into the call 3. Second time there was no voice at all when it was my turm to talk to customer care after a wait of nearly 5 minutes again 4. twice the IVR went mute when i was navigating the system.

by Raj Kumar

This is international fraud

Review published ago

ICICI bank Canada offers an online facility to transfer funds to banks in India. Over past one month, on 2 occasions they have debited my ICICI account but the money has not been transferred to the concerned bank in India. After a 3 or 4 days (sometimes even longer), the money will be returned to the ICICI bank account without any reasons explained. Any Canadian bank would immediately credit back the funds if a transaction fails. I suspect that this bank is deliberately holding on to customer funds through "failed transactions" and using this money elsewhere for that period of time. Calls to their customer service are a joke - one guy actually told me to go talk to a lawyer about this. Stay away from this fraudulent "bank".

by Madhavan Ravivarma

Dear ICICI bank,

Review published ago

Dear ICICI bank, I am suffer serious headaches to take ICICI bank credit card. I have pay 3750 Rs extra without any transaction for unnecessary icici policies. I have mentally torcher from this credit card. Please close my all ICICI bank credit card. Because I have suffer from serious headaches from these card. This are my previous email to customers care services. They treated me for civil :- I have a credit card with no. 4375518672513009. This credit card is wrong charge with refund product amazon a laptop of amount 64486 rs.I have try to call customer care but the can't pick my call.Today by luck call will be connect. They can't resolve it.I requested to you please cancel this bill 4864.47.due to covid 19 I lost my job.I won't able to pay this amount.please cancel this bill Rs.I don't pay any charge which on this credit card. If you force to pay then I will complaint on consumer forum.Don't use any service of ICICI bank in future. Cut extra amount 35 Rs on bank account. It is really ridiculous that there didn't take any action on this type of activity. I block this card 6 month before. They sent another statement of 46 Rs. Due on this card tomorrow. Please immediately block this cerdit card or another credit card. Otherwise I take legal action for mental torcher from your bank. I does not want ICICI bank credit card.

by Kush Swarnkar

ICICI is one of the worst in terms of…

Review published ago

ICICI is one of the worst in terms of customer service. My sincere request is not to open NRI account with ICICI. I raised a disputed transaction and the response is worst, I sent 20 emails in last 25 days and made 5 phone calls and each call worth more than hour wait. After all this still no response on my issue. Really really poor serive and would never recommend them to anyone.

by Usha Kiran

Dont open ICICI NRI Accoutant

Review published ago

****Dont open NRI account with ICICI**** They hold user money and block them There website sucks, they hold user personal info and force them to update on their website which never work and then they block their account, saying KYC not updated Their customers service useless Their SR Management dont care about customers instead their our career and financial growth, after sending sobmany emails there is no acknowledgment no apology I would say just stay away from ICICI

by sshiva

ICICI bank

Review published ago

bahut hi khrab service dete hai, staff bhi customer se sahi tarike se support nahi karta

by Rahul Pandey

The most worstest bank to ever deal…

Review published ago

The most worstest bank to ever deal with. They just fool u with anything. I closed my account a year ago, clearing up everything. After few months in May , I started receiving calls from the local numbers regarding my pending credit card payment. I called the cc no. And confirmed that my card was blocked and didn’t owe anything. After five months I started receiving calls from collections regarding the payments due since May. I visited branch, called the cc and they said u did transactions in May and so it’s due.But , I did closed my acc in year ago in oct. So I filed acomplaint after 5 months of the transactions regarding their department that if I confirmed with ur agent that my credit card is blocked, how it could be used. They gave me reference number. I used to call and know the updates, they just say it’s in progress. I was very sure that I closed my account properly. Even I was sure that their agent confirmed me that my credit was blocked over the phone. During the investigation process, they always told me it’s in progress. After 4 weeks, they said no we can’t do anything as ur transactions were over 5 months.... they just fool us

by Ravneet Kaur

ICICI bank is one of the worst banking…

Review published ago

ICICI bank is one of the worst banking that I have experienced in my life. There is always new issue after two days sometimes its with login or with transferring money. If I am not using it continuously how this gone be locked every time. For verification there is always a long question list and tell answers to every attending person. I will never ever advise to anyone to go with this bank. If there is less than one star then I will definitely go with less.

by Gaganpreet Kaur

Honestly very worst customer service.

Review published ago

Honestly very worst customer service. They are not employees Actually they are cheaters. Charged upto 600rs without any intimation. Only to claim incentive .

by Saran

Security at it's weakest.

Review published ago

NRI's not welcome. Do not bother, once you leave India they can change your policies and make unnecessary changes to your policies without your knowledge (apparently they don't need to let us know, by law). I have money stuck in an account which I never opened. I am trying to get hold of someone via lifeline @ iciciprulife.com and nri @ icicbank.co). Apparently I am not emailing them from the registered email address associated with the account..I only have one email address. I have gone round in circles since March 2020. I am not pleased and this matter has not been resolved. They are con artist are there finest. They will give you their private number and will keep you until your not needed and then your blocked. When you speak to the call centre they don't have correct notes. Security at it's weakest! They started to provide me with details of a person in the UK with the same name, ICIC said their address and money in account details out loud. I want to close my accounts, email me back or see you in court!!

by Ram

Call to issue for standing order modify…

Review published ago

Call to issue for standing order modify because struggling for iMobile app & iPad app not working as our acceptance more than 15time try via call mr vamshi help quit lot as well given update in saim day as much as he could after long time got good experience with 2 staff one more mr Anil Jadhav from mumbai via phone still lot to do and under progress some of my issues but all over happy to not wind up icici I am with your bank more than 15yr as well in our group Ref open bank accounts more than 10 accounts nearest family I have given updated to mr Anilbhai as well hedrabad call centre this experience st was 2day 04/11/2020 with Anilbhai had communication more than 10 times including get your new policy as well some and new apps issue xtra well done both staff please keep it up honesty & coustmer care is very good impect both can have bright future in this felled paresh m popatia

by Alkesh Popatia

KEEP AWAY FROM THIS BANK

Review published ago

ICICI loot your money, they least bother customer's queries. If I want to say in one word No Value of Customer's in their dictionary. The staff is such a useless people sitting they don't know anything. So, please keep yourself away from this bank.

by Balakrishna Budida

WORST FOR EDUCATION LOAN AND MANNERLESS STAFF

Review published ago

ICICI may be the best bank for an education loan, but the worst or I would rate zero for the employees are ill-mannered. they shout and yell and talk to the clients when asking any question as if they are giving loans from their bloody pockets. I have the worst experience with ICICI education loans. there is this branch manager in Mumbai named Kshama Shukla she is the most pathetic woman to talk too and second is Shweta Patil. I don’t know why they were so rude to me when I asked them questions. ICICI BANK CEO and HR should look into the hiring of staff they are ILL MANNERED, hell wit the benefits, get your staff straight and respectful in talking terms x(

by Shefali

Please think twice before do anything…

Review published ago

Please think twice before do anything using ICICI bank. My previous salary account is in ICICI bank. so i took an auto loan close from ICIC bank and after 1 year I was close the loan (the closing amount in 360960) , but no NOC is issued after 1 month,so i track the loan,they told loan is not closed due to some technical issue. and also paid 3000 Rs for there technical issue. I think this is trap from ICICI bank . This issue is happened on Technopark Kazhakoottam branch. Many of my friends have same issue from ICICI bank. so please stay back from ICICI bank

by Renjith M R

I have received foreign income payment…

Review published ago

I have received foreign income payment reference id on 12th oct 2020. I contacted the customer support center to know the cause why amount is not deposited it my account on 17th oct 2020 they given replay on 20th saying contact your branch. I went to branch on 22nd oct 2020 and contacted the three persons in branch at last one of them send me my payment was received to bank on 14th oct 2020 and he don't know the reason, why the concerned team not deposited amount and mailed them. Later I contacted him on 27th oct 20 he said my name is mismatch in the payment but actually what they mean by mismatch was my frist name is not entered in payment. Still I was contacting them but no use they are not even taking the customer query serious. I feel if they are not able to deposit my payment only due to my frist name was not in the payment. Atleast they have to return the payment to where they got from but just held the deposit and playing with customer. I request everyone just choose other banks instead of ICICI because they won't care about your money.

by Ranadheer Reddy

Stay away from this bank

Review published ago

Stay away from this bank. They don't care about customer urgency and concern even after it's their mistake. They don't communicate with the customer and later asked me to come to the branch to complete some new documents to unlock my own account and money. Customer care and branch not in line with the communications, and branch they don't pick the call and respond. So its frustrating.

by Dev
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