Click2Remit Review – A Money Transfer Service for NRIs 2019

All the useful information that you need to know before sending money with Click2Remit!

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USD INR ₹ 68.86

Overview

Click2Remit is a money remittance service allowed by Kotak Mahindra Bank with online tracking for NRIs to send money to India. It allows NRIs to make personal payments to the family as well as friends via direct transfer, bank transfer, wire transfer and SWIFT transfers to India. Some of the benefits of using the services of Click2Remit are:

  • Highly secured
  • Multiple transfer options available

Exchange Rate IQ’s Review of Click2Remit

Overall rating
8 /10

Kotak Mahindra Bank’s Click2Remit is a money remittance company which offers transfer from 20+ countries to India through bank transfer, wire transfer, online transfer, and SWIFT transfer. One can send maximum up to USD $20,000 and a minimum USD $100 or similar amount in other currencies in 40 transfers a year. This limit differs in various transfer methods, but the maximum one can send this amount from Click2Remit.

The company is offering other tools such as:

  • Compare Mode
  • Transfer Charges Calculator

The company only offers personal transfers to friends and family, so the one who wants to transfer for any business purpose has to use any other service provider. Besides this, the company offers 224*7 customer assistance both for people residing in India as well as for NRIs.

Click2Remit is highly secured and offer the best transfer services to its users by protecting their details and make transfers worry-free.

So, overall we rate Click2Remit 8 out of 10.

Pricing : How much does Click2Remit cost?

8 /10

Click2Remit Transfer Fee

The transfer fee depends on the country from where you are sending funds and the way by which you are sending funds to the beneficiary. So, if you want to know how much exactly the company charge for making the transfer, you calculate on Click2Remit Rates and Fees Calculator here. It fees also include the GST which is needed to pay to the government on every transaction.

Click2Remit Exchange Rate

The company offers rates lower than the live market prices, but still, they are highly competitive. It also offers guaranteed rate transfer in the USA, Canada and Australia and the fixed amount will be delivered to the recipient.

Any Other Fee:

The company does not charge any other fee from its users, the amount which will be shown in the transaction after deduction transfer fee and GST will be received by the recipient.

So, under the pricing head, we rate Click2Remit 8 out of 10 as its exchange rates are lower compared to many of the competitors.

Transparency: Does Click2Remit have any hidden fees?

10 /10

Click2Remit Hidden Fees:

The company does not have any hidden fees as it makes money by lowering the exchange rate. So the amount that is shown on the transaction page will be received by the recipient.

Click2Remit Tracking Details:

The company provides direct transaction tracking on its website, so the users need not to log in and check the dashboard. All you need to put your transaction ID at Click2Remit Track a Transaction here and submit.

So, under the transparency head, we rate it 10 out of 10.

Transfer Speed: How long does it take to send money through Click2Remit?

7/10

The company offers multiple transfer facilities, which have different transfer speeds. So, here are all the kind of transfers and approximately time taken by them:

Direct Transfer: The direct transfers are done through the ACH (Automated Clearing House) network in the United States and ACSS (Automated Clearing Settlement System) network in Canada. This takes approximately 5 working days to reach amount in Kotak Mahindra Bank account and 3-4 working days to reach any other bank account.

 Wire Transfers: If you want to send a large amount to India then you have to send it through the wire transfer process which will take 1-2 days to deliver funds to the recipient.

Bank Transfer: It’s a complete online method where you can send AUD, AED and SGD to India from your bank account and it will take 2-3 working days.

Foreign Currency Cheque: This facility is available in USD, EUR, GBP and SGD which take a long time to convert and reach the recipient.

The amount in your account and credit card will receive faster compared to the demand draft (DD). It will take 5 or more working days if you want to get the amount to deliver in demand draft form. So, under this head, we rate it 7 out of 10, because it is not offering instant transfer facility.

Security : Is Click2Remit Safe?

10/10

The company has been providing highly secured services to its users by safeguarding your transaction via 128-bit SSL encrypted medium. The servers of the company are protected with measures like firewalls, access controls. It is also certified by Entrust Secure and VeriSign.

So, under this head, we rate it 10 out of 10, because the company is taking both online and offline measure to secure the users’ confidential information.

User experience of Click2Remit

8/10

The company is highly user-oriented as it has been sharing multiple calculators such as delivery information, transfer charges on its website. At the same time, registration on the website is also very handy and one can make an account without the help of any other person. So, some of the positive and negative aspects of the company are:

Positive:

  • Track the transfers easily
  • Fixed exchange rate in guaranteed transfer rate facility
  • Available for NRIs living in 20+ countries

Negative:

  • Lower exchange rates
  • No instant transfer facility

 

Click2Remit Customer Support:

The company offers round-the-clock customer care services, so one can call them for help.

Click2Remit Phone No. for People in Abroad: +91 22 6600 6022

Click2Remit Phone No. for People within India: 1860 266 2666

Click2Remit Email ID: [email protected]

 

Click2Remit Mobile Apps:

The company is providing its mobile apps for both Android as well as iOS which you can download here.

 

Click2Remit Referral Benefits:

The company offers holiday vouchers to the users if they refer at least two of the referrals registered and transact through Click2Remit

Click2Remit Promo Code:

The company offers promo codes to users through notifications, email and SMS which will provide them with a lower transfer fee.

The company is also providing an online FAQ section so that the general questions of the users get solve easily. Besides this, as per the overall user experience, we rate Click2Remit 8 out of 10. If you are already a user of Kotak Click2Remit login here.

Coverage: How many Countries & Currencies does Click2Remit support?

Click2Remit covers multiple countries from where a person of Indian origin or NRI can send funds to India through multiple transfer options. The countries it covers are:

Australia Cyprus Austria Belgium Canada Malta
Denmark Estonia Finland France Germany Netherlands
Greece Hungary Ireland Japan Luxembourg Norway
Poland Portugal Singapore Slovakia Spain Slovenia
Sweden Switzerland UAE UK USA India

 

Currencies offered by Click2Remit:

AUD AED SGP EUR GBP USD
INR CAD YEN PLN CHF THE

 

Under the coverage head, experts of Exchange Rate IQ provide Click2Remit 7 out of 10, because it is beating many of its banking competitors who are also offering remittance services but in very few countries. However, it can still grow itself in other countries to become the top amongst competitors. If you want to use the services of Click2Remit sign up here.

Click2Remit Transfer Process

Step-By-Step Guide to transfer funds with Click2Remit

  1. Go to the Kotak Click2Remit website.

  2. Click on “Securely Login”, and login if you are already registered or click on “Register”.

  3. You will be redirected to a new page.

  4. Here enter all the details as asked by the website including your ID verification.

  5. Enter the details of your bank account.

  6. Enter the recipient and bank account details.

  7. After registration, you can send the funds from a bank account to bank account directly.

  8. You can also track the transaction online directly through transaction ID.

Transfer Type And Modes

Pay In Options

Bank

Pay Out Options

Bank

Service Mode

 Online

Exchange Rate Type

Fixed