Editorial review of Remit Money

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.

• Easy to Use
• No Transfer Fee
• Fast and Secure Transfer
• Excellent Customer Support
• Specialised NRI Customers
• 24*7 Customer Assistance

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.

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.

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.

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.

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.

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.

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.