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RemitMoney Transfer Review- Transact Money to India 2024
Remit Money Review by Exchange Rate IQ
Overall rating
8
/10
If you are looking for sending money to India and want to compare the best money remittance company, then you are at right place. At Exchange Rate IQ, we deliver you the reviews of money remittance services after doing in-depth research on them, looking after their customer satisfaction and reliability. So, here is the review of RemitMoney, powered by Axis Bank whose services are available only for NRIs.
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
Review of Remit Money :
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:
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 two days.
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.
Currencies Supported by RemitMoney
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 Promo Codes & Offers
All Countries
Invite your friend and Earn Cashpoints worth INR 500
Remit Money Transfer Process
Send money online to India with RemitMoney
Go to the website of RemitMoney.
Click on “Get Started” in the mid of the home page.
You will be redirected to login page.
Here enter the login details, or if you are using the website for the first time then sign up.
Enter all the personal details and colored pictures of your ID.
Select if you have an Axis Bank account or not.
Enter the bank details from which you want to send money.
Enter the details of the recipient and his bank details.
You can now enter the amount and know how much the recipient will receive in their currency.
Recheck all the details and confirm the transfer.
The recipient will receive amount in an hour.
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.
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.
Transfer Type And Modes
Pay In Options
| Bank |
| Credit Card |
Pay Out Options
| Bank |
Service Mode
|
|
Exchange Rate Type
| Fixed |
Remit Money FAQ's
How can I get a RemitMoney account?
Getting a RemitMoney account ids one of the easiest things to do and should take you only a few minutes provided that you have all the required details. After your account is verified, you can enjoy using RemitMoney services to send money to India
Will MoneyRemit tracking safeguard my money?
Yes it will in fact, you will receive an update regarding the state of your transaction on your phone or email. However, there are some times that delays can stress you out. If you experience issues like delays or any oyher problem with your transaction, keep in mind that you can always get the assistance you seek from the support stuff by getting in touch with them through their Help page.
You can also call for assistance via
USA : 18444417440
UK : 448000903244
AUS : 611800875380
India : + 91 22 62976730
Can I transfer funds to any other country except India?
No. RemitMoney does not allow transfers to any other country except India. Here you can send money if you are living in the US, UK, Canada, Australia, Singapore, UAE, South Africa, Switzerland, and Eurozone.
Does the company offer schedule transfer facility?
Yes. RemitMoney offers schedule transfer facility to its users. Under this, you need to select the transfer rate and the company will transfer the amount you have scheduled at the particular rate.
How long does it take to reach money to the recipient?
It will take approximately 2 days if you transfer funds through internet push service of RemitMoney. But the funds will be received by the recipient in an hour if you use Instant Transfer Facility.
Alternatives to Remit Money
Remit Money User Reviews and Ratings
Very happy with Axis Bank services.
Sunny was extremely patient and answered all my questions and made sure I was able to execute the transaction I had been trying to work on for the last many days. I was about to give up on this but he did not. That says a lot about his level of customer service.
It was very kind from Siddharth…
It was very kind from Siddharth Solanki, who resolved my nagging issue professionally.
Simply Excellent
Simply Excellent. After all the trouble that I had with your software, Sunny asked me to use Google Chrome. He stayed on the line and monitored every action I took to successfully complete the Remit transaction. That's what I call "Excellent Service".
Sunny was knowledgeable and helpful.
Sunny was knowledgeable and helpful. I have for the past 3 days trying to set up an ACH transfer with remitmoney. (My NRE/NRO account was transferred from CITI to AXIS). Calling customer service was not fruitful until the case was given to Sunny. Sunny was able to solve my login problem, where I was sent back to the logon screen after entering the OTP. After that Sunny guided me in setting up the sending bank and helped me make the first ACH transaction.
Compare Remit Money With Other Money Transfer Companies
Remit Money Company & Contact Info
| Address:- | RemitMoney Axis Bank Limited, Corporate Office, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400 025 |
| Email:- | [email protected] |
| Phone:- | +448000903244 |
| Social Links:- |
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