Editorial review of Click2Remit

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

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.

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.

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.

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.

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: click2remit@kotak.com

Click2Remit Mobile Apps:

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

• Click2Remit Android App
• Click2Remit iOS App

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.

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:

Currencies offered by Click2Remit:

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.