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 88 reviews

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USD INR ₹ 70.61

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

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

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

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

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

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

THE RECEIVER OF MY CALL WAS VERY LUCID…

Review published ago

THE RECEIVER OF MY CALL WAS VERY LUCID IN HIS CONVERSATION AND WAS ABLE TO GUIDE AND CLARIFY EXTREMELY WELL

by At Kannan

Excellent customer service

Review published ago

Excellent customer service. To the point. Spoke to Sidd.

by Mukesh

Transfer rates are good here but the…

Review published ago

Transfer rates are good here but the web page needs some improvement.

by sandeep

I have had the pleasure of talking…

Review published ago

I have had the pleasure of talking with Sheldon Barretto (Customer Support Representative) this morning (US MST: 11 AM). I had this lingering issue with transferring money to my family in India for about a week. Sheldon, finally helped me today to send money to my beneficiary in India who needed it urgently. Without his help it was not possible on my part to do the same. He was very pleasant to talk with and seem very knowledgeable. He answer all my questions as well. He deserves all my praise for being so helpful and patient. He is really an asset for your organization. I wish him all the very best. Punam Thakur, Carlsbad, NM, USA

by Punam Thakur

Trusted service and I am happy that…

Review published ago

Trusted service and I am happy that they are asking for feedback for their offerings. I am going to refer this to my friends. God bless...

by Kumar

Very Poor Customer service

Review published ago

Hi Team, I am Expecting call back at 5:00 PM but no call from your side and also I am trying to reach you it is saying please wait in the call but disconnecting after 20 seconds. My reason to contact customer service is your team promised me to pay 10 paisa extra if I gave very good rating on trustpilot since then trying to utilize your offer but no luck. Contacted customer service multiple time all are saying you can use that offer but It is never applied to my transaction. Finally frustrated with your service and decided to expose your true nature in the social media and rating sites. Good bye, Frustrated customer Santosh Daaram

by Santosh daaram

I have personally found remit money a safe & secure portal to transfer money..

Review published ago

I have personally found remit money a safe & secure portal to transfer money to India. I am a big fan mainly because of amazing customer service, transparency, quick reply or call back to any queries. A big THUMBS UP to remitmoney..

by zainul mahimwalla

Very good rate and fees and good…

Review published ago

Very good rate and fees and good customer service and easy to use website

by Niharika Challapalli

Best in business

Review published ago

Best in business

by D. Jain

Excellent service provided by a young…

Review published ago

Excellent service provided by a young lady. She was very helpful and gave me very good advice. I will recommend this to all customer.

by MELANIE BISWAS

Very good service and instant money…

Review published ago

Very good service and instant money transfer

by Manju Amara

The rates are not the best

Review published ago

The rates are not the best. Customer service is good.

by Pratim
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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