Can I avail YES Remit services even if I am not YES Bank customer?
Yes. You can avail the services of YES Remit without being the customer of YES Bank and transfer funds to India to any bank from any bank of the country you are residing in.
We always ask other people before using any kind of online service and the same is with international money transfer services. So, to solve your problem and to provide you with the answer to every question, experts of ERIQ has bought their independent review on YES Remit which offers international money remittance services to NRIs.
YES Remit is a YES Bank money remittance service which offers easy, fast and secure transfers to NRIs residing in Australia, UK, Singapore, UAE and Switzerland. You can send money to India to any bank account. Some of the benefits of YES Remit are:
YES Remit Transfer Fee
The company does not charge any transaction fee from its customers. So you can transfer the funds for FREE.
YES Remit Exchange Rate
The company charges, exchange rate lower than the actual market price which is shown as indicative price during the transaction. The actual rate that is applied to the money will be based on the rate prevailing on the day your funds are converted into rupees.
Any Other Fee
Yes Remit charge service tax which includes all the cess:
Under the pricing head, we rate it 8 out of 10 because it has not fixed the exchange rate as money transferred will not be the exact amount shown at the time of transfer.
YES Remit Hidden Fee
The company does not charge any hidden fees from its customers, but if there are any taxes levied by the transferred countries, then it may reduce the amount.
YES Remit Transaction Tracking Details
One can track the transactions directly on their dashboard by logging into it. There is no direct process to track the transactions.
Under the transparency head, we rate YES Remit 9 out of 10, because it neither charges any hidden fees and good tracking procedure.
The company takes 24-48 working hours to transfer funds in foreign currency cheque and bank account to bank account transfer. While, it also offers same day credit facility to its users living in Australia and Singapore.
It also offers high-value transactions through “Online Wire Transfer” product which deliver funds to recipient much faster.
YES Remit is also offering remittances through exchange house - GCC region, which takes at least 2 hours or more in transferring funds to YES Bank account.
Therefore, under this head, we rate it 8 out of 10, because it is not offering instant transfers as offered by many of its competitors.
When you pay through YES Remit, the money is transferred through the Electronic Clearing System (ECS) in your sending country to the designated account held and operated by YES Bank. Thus, money always moves within the banking system. All transactions and information exchanges happen on fully secure encrypted lines and your data is stored on servers that are protected by advanced firewalls which have undergone extensive security tests.
Therefore, we rate 10 out of 10 to YES Remit under the security head.
YES Remit is a transfer service which is mainly designed for the NRIs living in the 5 countries, including Australia, UK, UAE, Switzerland and Singapore. The company has multiple positive and negative aspects, which are:
Positive:
Negative:
YES Remit Customer Care Details:
The user can contact with YES Remit customer support assistance 24/7 at its toll-free number or can write them at the email.
YES Remit Toll-Free Number: 1800 1200
YES Remit Email Address: yesremit@yesbank.in
YES Remit Mobile Apps
The company is currently offering only android app for its users which they can download from here and planning to launch iOS app soon.
YES Remit Referral Benefits:
The company provides multiple referral benefits if the person referred you have transferred amount through it. You can get exciting vouchers of SAAVN, Magzter and Uber on every referral.
YES Remit Promo Code
The company provides promo codes through notifications, email and SMS to customers, which will help them to provide better exchange rates.
As per user experience, we rate YES Remit 8 out of 10 as its services are available in a few countries only. This depicts that it has vast opportunities to grow to become the top money remittance company. If you want to use the remittance services of YES Remit sign up here.
The company offers transfer from the UK, Australia, Singapore, Switzerland, and the United Arab Emirates to India. So it supports 6 currencies, which are:
There are many more countries and currencies, which are needs to be covered by YES Remit where most of the Indians live and use the transfer services to make the transfer to their families. Therefore, we rate it 6 out of 10 to it. If you live in the above countries and want to send funds with YES Remit login here.
Yes. You can avail the services of YES Remit without being the customer of YES Bank and transfer funds to India to any bank from any bank of the country you are residing in.
No. You can make payments to only friends and family using YES Remit from Australia, UK, UAE, Canada, Singapore, and Switzerland.
No. For transferring funds through YES Remit, the name of YES Remit account, as well as the bank account, should be same. The company does not allow third party transfers to prevent fraud.
No. The services are available only for Non-Resident Indians (NRIs) who wants to send money from their bank account in Australia, Canada, UK, UAE, Switzerland and Singapore to India. The Remitter can also send money to his/her own NRE/NRO account in India.