RemitMoney Transfer Review- Transact Money to India 2019

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

5 stars based on 100 reviews

Send Money To Rate
USD INR ₹ 68.99

Overview

RemitMoney is an online money remittance company powered by Axis Bank. The company is specialized for fund transfer to India from few countries. If one transfer funds on a regular basis than they can even earn loyalty points which can be turned into money after a limit. On referral, www.remitmoney.com (powered by axis bank) also provides 20 paise as a referral point. Some of the benefits of using RemitMoney Axis are:
  • Easy to Use
  • No Transfer Fee
  • Fast and Secure Transfer
  • Excellent Customer Support
  • Specialised NRI Customers
  • 24*7 Customer Assistance

Exchange Rate IQ’s Review of Remit Money

Overall rating
8 /10

Launched in the year 1994, RemitMoney has been backed by one of the largest private sector banks of India, Axis Bank. The company has been operated from Mumbai, India that specializes solely in transfer to India. It is providing its specialized services to the Non-Resident Indians, who want to send money to their families and friends in India.

RemitMoney offers funds transfer from 9 major countries which include the UK, the US, The Euro Zone, Australia, Singapore, UAE, South Africa, Switzerland, and Canada to India. Only Indian citizen or OCI/PIO holders can use the services of the company to send money to beneficiary in India (any bank account).

From the technology point of view, the company has been providing various services to its customers, such as:

  • Price Alert
  • Schedule Transfer (once you select the rate)
  • Get a Call Back

The company is not offering spot transfers or forward contracts, but supports bank account to bank account transfer. Remit Money rolls its fee as well as taxes in the fee, so that the price won’t change once you make the transfer and an exact amount received by the recipient as shown during transaction.

It has also been providing high security as any other bank, so customers can send their money without worrying about hampering privacy.

Pricing : How much does Remit Money cost?

7 /10

Transfer Fee:

Axis Bank RemitMoney does not charge a single penny for transferring the funds. So, NRIs who want to send money to their families and friends can send through it without worrying about the transfer fee.

Exchange Rate:

The company offers low exchange rates to its customers as compared to the mid-market prices. This is because it deducts the service fee from its exchange prices. You can get the Remit Money calculator here.

So, Exchange Rate IQ provides its 7 out of 10 on for providing low exchange rates compared to real-time rates prevailing in the market.

Transparency: Does Remit Money have any hidden fees?

10 /10

Hidden Fee:

Axis RemitMoney does not charge any hidden fee from its customers. Users need to pay only the amount they can see in the calculator and the same will be received by the recipient.

Tracking details:

The company provides a unique transaction number to the customers regarding their transfer. So, they can check it on the RemitMoney transaction page.

Exchange Rate IQ gives 10 out of 10 to RemitMoney for its transparency as it has been providing am easy tracking procedure as well as has no hidden fee.

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

8/10

The company provides two types of transfer, one is instant transfer and another is internet push transfer. These are:

1. Instant Transfer: In this transfer, the company offers instant transfers in an hour to the customers who have uploaded the valid colored copies of the IDs such as a Social Security card, passport or driver’s license.

2. Internet Push Transfer: If you have not uploaded any ID, then Axis Bank RemitMoney offers internet push transfer, where the money takes typically two days to reach to the recipient.

So, we provide 8 out of 10 rating to the transfer speed of the RemitMoney as it is transferring funds in an instant manner if you upload documents.

Security : Is Remit Money Safe?

9/10

Axis Bank is a third-largest bank of India and it is behind RemitMoney. So, it has been providing high security to the company which is certified by PCI-DSS. This means it has met stringent quality standards for data protection.

It has its own internal corporate policy and procedures such as Grievance Redressal, Incident Management, Third Party Management, etc., so we rate its security 9 out of 10.

User experience of Remit Money

7/10

Axis RemitMoney Transfer Company is a highly user-oriented website. It has provided many FAQs regarding various situations which customers face while transferring the funds. It has been providing the exchange rate calculator and also referral benefits to its clients. It also offers a 100% refund after the cancellation of the transfer within 30 minutes.

Besides that, if any person has any issue regarding the transfer, they can contact RemitMoney customer care services as they are available 24*7 on call, email as well as live chat. Some of its customer care contact numbers are provided below:

  • USA: 18444417440
  • UK: 448000903244
  • AUS: 611800875380
  • India: +91 22 4881 6600

About payment convenience, it only accepts bank and online transfers. So, those who want to transfer money through any other mode could not use its services. At the same time, it is available in a few countries for NRIs only, so other people out of these countries could not use its services to send the money.

The company offer website transfers only. It does not provide the mobile apps for transferring the funds which is one of the major drawbacks. It also does not offer cash pick-up or courier services to its customers. They only can get the money in the bank account within an hour of transfer. So, to use the services of RemitMoney login here.

It also provides various referral benefits to its customers, these are:

1. RemitMoney Referral Offer: The company provides various benefits on referring the services of it to other friends. It provides unique referral link, which you need to send to the friends and if they perform their first transaction, you will be given EUR 500 in your account as credits. RemitMoney offers various vouchers to its users on a weekly basis which will be offered them by the mail or SMS.

2. RemitMoney Promo Code: The company does not have any promo code but will provide you cash points when you use its services of “Invite and Earn”. These points can be redeemed once you collect 2000 points.

As per user experience, we provide 7 out of 10 to RemitMoney as its services are available to few people only. This shows that it has vast opportunities to grow across the world to provide high-quality remittance services.

Coverage: How many Countries & Currencies does Remit Money support?

7/10

RemitMoney only offers transfers to India from various countries which include Canada, the United Kingdom, the United States, Australia, Singapore, UAE, South Africa , Switzerland and the Euro Zone. The service is only available for the NRIs and no other country resident can send the money through RemitMoney to India.

Through Axis Bank RemitMoney, people can transfer the following currencies to India:

AED AUD CAD USD SGD
CHF EUR GBP SAR ZAR

Axis RemitMoney has been designed to provide specialized services to Indians residing in the above listed countries to transfer funds to India. So, we rate the company 7 out of 10 for its market coverage because there is high demand of such services across the world.

Remit Money User Reviews and Ratings

reviews powered by trustpilot

Excellent service provided by Mohit…

Review published ago

Excellent service provided by Mohit Makwana & excellent followup for resolving my query. I am really impressed by help provided.

by Amar

Excellent service provided by Mohit…

Review published ago

Excellent service provided by Mohit Makwana & excellent followup for resolving my query. I am really impressed by help provided.

by Amar

Great customer support

Review published ago

I really like customer support after very transaction I got email for notifying me that transaction is done. Special thanks for personal call and help to Mohit Makawana and Mahesh.

by Ruchir

Great customer support

Review published ago

I really like customer support after very transaction I got email for notifying me that transaction is done. Special thanks for personal call and help to Mohit Makawana and Mahesh.

by Ruchir

Journey of 900 to 9000

Review published ago

In my last remittance through RemitMoney I erroneously entered a '0' and submitted a transaction for CAD 9000 instead of CAD 900. It was a big deal and blunder from my side. But end of day we are still human and not an AI. It was an instant remittance and I only realized it after the money deposited to my Indian account and the worst part is the debit transaction didn't bounced and my Canadian account balance gone to negative as there were not sufficient fund available. The RemitMoney Customer service team was really responsive and helpful from the very moment I logged the ticket. The scenario was pretty complex and unique in nature and probably they also didn't have a reference case like this in past. But I kept my trust and patience through-out and followed all the instructions by them. They were very professional and put this case in high priority judging the complexity involved here and took 7 days to settled the whole case. It will be unfair if I ended here without mentioning Rahul's name. As a manager he was in constant touch with me for all my queries and showed superb co-ordination skill with all the team involved here. It was a lesson learnt from me as I still don't have any clue that how I did this, as I am a veteran remitter and doing remittance since 2010 from multiple countries. I will definitely share my good experience to my friends and colleagues. Lastly I will mention one thing that system could have handled this to avoid such pain as they are not human like us.

by T Chatterjee

Journey of 900 to 9000

Review published ago

In my last remittance through RemitMoney I erroneously entered a '0' and submitted a transaction for CAD 9000 instead of CAD 900. It was a big deal and blunder from my side. But end of day we are still human and not an AI. It was an instant remittance and I only realized it after the money deposited to my Indian account and the worst part is the debit transaction didn't bounced and my Canadian account balance gone to negative as there were not sufficient fund available. The RemitMoney Customer service team was really responsive and helpful from the very moment I logged the ticket. The scenario was pretty complex and unique in nature and probably they also didn't have a reference case like this in past. But I kept my trust and patience through-out and followed all the instructions by them. They were very professional and put this case in high priority judging the complexity involved here and took 7 days to settled the whole case. It will be unfair if I ended here without mentioning Rahul's name. As a manager he was in constant touch with me for all my queries and showed superb co-ordination skill with all the team involved here. It was a lesson learnt from me as I still don't have any clue that how I did this, as I am a veteran remitter and doing remittance since 2010 from multiple countries. I will definitely share my good experience to my friends and colleagues. Lastly I will mention one thing that system could have handled this to avoid such pain as they are not human like us.

by T Chatterjee

My recommendation RemiteMoney

Review published ago

RemiteMoney has very friendly UI. It shows money transfer process in steps which make it very easy to understand. Quick transfer method is also really quick and i got my money transfer on bank holiday within an hour. And main thing exchange rate is good. I compared it with other services like transferwise which show you better rate but then charge you more and at the end you get overall less rate. I gave 1 star is less as no mobile app yet but their customer support tell me that they are currently testing it and will be launch soon. I highly recommend RM.

by Ruchir

My recommendation RemiteMoney

Review published ago

RemiteMoney has very friendly UI. It shows money transfer process in steps which make it very easy to understand. Quick transfer method is also really quick and i got my money transfer on bank holiday within an hour. And main thing exchange rate is good. I compared it with other services like transferwise which show you better rate but then charge you more and at the end you get overall less rate. I gave 1 star is less as no mobile app yet but their customer support tell me that they are currently testing it and will be launch soon. I highly recommend RM.

by Ruchir

Simply Outstanding

Review published ago

Simply Outstanding, Fast and Easy Process. I have been sending money for over 20 years from USA via Money2india and this has been THE best experience. I wish I knew Remitmoney sooner Thanks! Rao

by Rao

I liked the customer support which was…

Review published ago

I liked the customer support which was very helpful when I got stuck at one point during transaction. Mohit Makwana from customer support team was really patient throughout the process and really helped a lot and made sure to stay till it went through. Most awesome part was he also informed himself that transaction went through. I Iiked the entire experience.

by Somya Singh

The transfer was immediate and was…

Review published ago

The transfer was immediate and was genuinely surprised by it. They had the best exchange rates compared to others. The customer service representative Sweety was very helpful, polite and ensured the transfer was smooth.

by Chetan

Simply Superb Service

Review published ago

S3 - Simply superb service. RemitMoney is simple, effective and reliable service for money transfer. It provides peace of mind while transferring large amount of cash from US to India account within few hours whereas other providers such as Xoom usually takes 3-4 business days. Thanks to RemitMoney for fantastic service.

by Arunachalam

I am enjoying Remitmoney

Review published ago

I am enjoying Remitmoney. Thanks for the customer service when needed. Representative Keziah Nadar (Customer Support Representative) has walked me through all the guide lines on right time.

by Uma

Outstanding service by Aftab and Remit Money

Review published ago

Aftab was very helpful in reversing a remittance transaction that I had performed accidentally. Within a couple of hours, he ensured that the appropriate team was contacted, followed up with them, had my transaction reversed and then called me back to confirm the successful reversal. I had a very good experince with Aftab in particular and Remit Money in general. Kudos!

by Monnappa

Best remit app

Review published ago

Best remit app

by Rajesh Trisal

Highest conversion rate and Fast transfer

Review published ago

Highest conversion rate from USD to INR. Money transfer took less than 1 hr. Fantastic customer service as well. Will use them going forward.

by Amit MOHANTY

I started using this service last one…

Review published ago

I started using this service last one month and each day limit up to 22k and money will deposit in the overseas account within one hr with the best rate...Better than Xoom, WU, ICICI...

by ABC 123

RemitMoney is simple, quick and competitive rate

Review published ago

RemitMoney is simple and quick. It provides a very competitive rate. Keep it up :)

by Anurag Nayak

Website is very easy and straight forward to use

Review published ago

Website is very easy and straight forward . Good competitive price compare than others. Customer service is excellent

by Chandrasekar Krishnamoorthy

Very cool interface with easy steps to…

Review published ago

Very cool interface with easy steps to send the money. Money was received within 2-3 days from US. Staff was very responsive to my questions and support. Good job team, hope they clear any small hiccups in the website.

by DA

simply awesome support & obviously…

Review published ago

simply awesome support & obviously provided answers to my questions.. thank you remitmoney customer support team..:-)

by Ramesh Munagala

Thanks Abhishek Jha for helping me out…

Review published ago

Thanks Abhishek Jha for helping me out with my first transaction on RemitMoney. Keep helping. Thanks again.

by Paridhi Bindal

Very Excellent Service

Review published ago

Very Excellent Service. Abhishek was very helpful to finish my transaction. He guided me through entire process though my computer was slow and was booting he waited for it and stayed until I successfully completed transaction. Also, he helped me to cancelled my previous transaction which I wanted to remove. As expected, my money would transfer to my Indian NRI account on time with help of Abhishek.

by Prakash Patel

Abhishak Jha

Review published ago

Abhishak Jha Excellent customer service

by Jayprakash Patel
show more >>

Remit Money Transfer Process

Step-By-Step Guide to Transfer Funds with RemitMoney

  1. Go to the website of RemitMoney.

  2. Click on “Get Started” in the mid of the home page.

  3. You will be redirected to login page.

  4. Here enter the login details, or if you are using the website for the first time then sign up.

  5. Enter all the personal details and colored pictures of your ID.

  6. Select if you have an Axis Bank account or not.

  7. Enter the bank details from which you want to send money.

  8. Enter the details of the recipient and his bank details.

  9. You can now enter the amount and know how much the recipient will receive in their currency.

  10. Recheck all the details and confirm the transfer.

  11. The recipient will receive amount in an hour.

Remit Money Promo Codes & Offers

All Countries
Invite your friend and Earn Cashpoints worth INR 500

Transfer Type And Modes

Pay In Options

Bank
Credit Card

Pay Out Options

Bank

Service Mode

 Online

Exchange Rate Type

Fixed