HIGHLIGHTS

Transfast is a leading online money transfer service that offers highly competitive exchange rates, low fees and impressive transfer times, all secured with a money-back guarantee and 24×7 customer support. You may want to consider Transfast as your essential stop for remittance services.  TRANSFAST started its money transfer service from the US/CANADA to India in October, 2012.

With more than 25 years in the money transfer industry, you can count on TRANSFAST to get your money to family and friends quickly and safely. TransFast is a private company headquartered in financial capital of world, New York City and backed by a two billion dollar private equity fund. You can deposit instantly into bank accounts at major banks such as HDFC, YES Bank and many more with TRANSFAST – and if friends and family prefer to pick up cash, no problem. TRANSFAST has over 30,000 cash pick-up locations across India. Our pick-up network boasts both banking and non-banking organizations, including Muthoot Group, Centrum, Kotak Bank, Popular Finance and Ahalia Exchange.

Transfast believes the remittance process should be seamless and transparent for the user. With processes in place to make money transfer more convenient and secure, Transfast has built and continues to build a strong network of partners and offer its services for millions of transactions around the globe.

What's Good About TransFast Money Transfer

100% Money-back Guarantee
Instant Bank Deposits to Major Banks including HDFC, AXIS, KOTAK BANK and more
Highly Competitive Exchange Rates & $0 Fee When Sending Over $1,000
Pick up cash at over 300,000 payout partners across India

 

FEATURES (Currently showing rates for USD to INR change )

Today's Rate
$ Amount
₹ Exchange Rate
$0 - $2950
₹66.95*
Exchange Rate Type
Locked-in
Transfer Fee
Bank Account
$ Amount
₹ Fee
Up to $2,950
$0.00
Debit / Credit card
$ Amount
₹ Fee
$50 - $100
$9.99
$101 - $250
$14.99
$251 - $500
$19.99
$501 - $750
$24.99
$751 - $1,000
$29.99
$1,001 - $1,500
$39.99
$1,501 - $2,950
$39.99
Transfer Time
Bank Deposit
3 Days
Transfer Type
  • Credit Card/Debit Card
  • ACH Transfer
Daily Transfer Limit
$2,950 – Higher Limits Available
Receiving Method
  • Bank Deposit
Customer Service Info
1 (888) 973-6383
Company Headquarter
New York, NY, USA
Company Type
Remittance Providers
Mobile App
Company Established
1988
Text Update (SMS)
No
Email Updates
Yes
Provider's FAQs
Referral Program
Yes
Key Feature
  • High Locked-in Online Exchange Rates: We pass on our great rates directly to you, so your recipient gets more with each transfer.
  • Low Transfer Fees: We have some of the lowest transfer fees online.
    Guaranteed Security & Privacy: Our site uses Symantec Website Security Solutions, which includes industry-leading SSL, certificate management, vulnerability assessment and malware scanning.
  • 100% Money Back Guarantee: If your online money transfer is not completed or delivered after you have funded the transaction, you may request a cancellation of the transaction and you will be refunded your payment in full.
  • Choice in Payment Options: You can pay by using your validated bank account, or by credit or debit card.
    24/7 Phone & Online support: We are here 24/7/365 and can be reached by phone, email, or online web chat."
Document Requirements
For transactions amounting to $3,000.00 and above; we will require you to submit:
  • Valid, current Government Issued ID
  • For USA customers – any of the following:
  • Social Security Number (SSN)
  • US Passport (PPT)
  • Employer Identification Number (EIN)
For Canada customers – any of the following:
  • Social Insurance Number (SIN)
  • Canadian Passport (PPT)
If you are not a US or Canadian citizen, you will be required to submit:
  • Valid Foreign Issued Passport

EDITORIAL REVIEW

Established in 1988, Transfast Remittance LLC lives up to its name. The “Fast” in Tran-Fast is significant because it provides only fast money transfer service. The time available to receive money varies from 15 minutes to 24 hours. This is the shortest span available from any money transfer service.

The tenet on which Transfast Money Transfer company operates is the guarantee of the highest locked-in exchange rate compared to the other remittance services. Transfast is dedicated to this guarantee. Transfast claims it will match the rates if the customer submits the proof to Transfast of a better exchange rate available from the competitor.

In order to send money the payment can be made directly from the bank account or the credit and debit cards of the sender. The money can be deposited directly to the bank accounts of recipients. The money can also be picked up in cash from over 10,000 locations in India. It is one of the few money transfer companies that give the option of cash pick-up. In addition to cash pick-up and direct deposit, the option of home delivery is also available. The maximum amount that can be sent through Transfast's money transfer services to India is $2500 that is low compared to the other money transfer services. The funds can be directly transferred from the US bank account or via debit and credit cards. Generally the money is deposited in 24 hours to most banks that includes major names like Axis Bank, HDFC, SBI, ICICI, and more. The money can also be received in cash that can be picked up from over 10,000 locations or delivered to the receiver’s doorstep.

There are many upsides to this service. There is a minimal transfer fee and no fee above the transfer of $1000. The wire transfer fees are taken care of by Transfast. Round the clock customer service and live web chats are additional features of this service. Transfast has strong  agent network that includes both banking and non-banking organizations like Muthoot Group, Kotak Bank, Manappuram Finance, Kosamattam, Popular Finance, and Centrum.

Admittedly, there are no diverse set of services available from Transfast and the transaction limit is low. But Transfast can be described as concise, to the point, fast, and efficient. It is a good service to avail if there is an emergency or if you do not have the patience to wait for a number of days for the fund transfer. It is a trustworthy and fast way of sending money at the best possible exchange rate. 

USER REVIEWS

Kiran
Posted on December 06, 2016, 02:23 pm
Transfast
Posted on December 07, 2016, 01:59 pm

Kiran,

Thank you for being a valued customer and we apologize for any inconvenience caused with our document policy. Once you hit any of our monthly sending limits, we require some additional documentation to verify the transaction. The reason you were not asked upfront was because you sent two smaller transfers that when combined hit our sending limit. If you sent one transaction for that amount you would have been prompted to upload the documents immediately. It seems that your first attempt at sending was unsuccessful so that added to the time for completion as well. It shows your transaction has been released so you should have the funds credited into your account by the latest tomorrow, 12/8/16.

Please email feedback@transfast.com if they are not available or if you have any questions.

Thanks,
Your Transfast Team

Kiran
Posted on December 07, 2016, 02:09 pm

Than you Transfast Team, the transaction was released and was credited last night.

I have been using transfast for almost more than 6 months, but it was less than 500$ a month and never faced a problem. Recently I initiated a large amount transaction of close to 6K in a month and started receiving all kind of queries to provide bank statement, payslips and even after providing that it still shows in review status. Used Value+ and delivery was supposedly by Dec 6th for a transaction initiated on Dec 1st. Still it shows review and I guess it gets credited only by Dec 8th if at all everything goes fine. If your system has such a process of checking payslips and bank statement why cant it be requested during the time of transfer for larger amount? Why delay the process? I have other commitments where home loan installment gets deducted and was hoping the estimated date is accurate. I guess this would be my last transaction with transfast. I have in parallel used "Kotak Remit to India service" and initiated a transaction at same time to compare both the transfers. Let's see the first one to complete :)

 
Shanawaz Ali Mohammad
Posted on November 25, 2016, 12:27 pm

So far transaction has provided me with the best possible exchange rate and less hassle in crediting my account in india

 
Rajesh Lakshmanan
Posted on November 24, 2016, 07:09 am

I have been using Transfast for past few months and I am really happy with the service provided by them. - Best rate, compared to other options - Online transfer is very convenient, compared to another service I used where I had to go in person for both sending/receiving - Transfer time is reasonable in most cases. Initially, I faced some delays with the transfer, but I got proper assistance from the Customer Service Overall, I am satisfied with service provided by Transfast and will continue to use the same.

 
Muthukkumari Lakshminarayanan
Posted on November 22, 2016, 01:02 pm

Transfast is a reliable and secure way of money transfer. They also provide highest rates compared to others. We have been using transfast for over a year and completely satisfied.

 
SumitD
Posted on November 21, 2016, 06:10 pm

Faster transfer rate and good transfer option.Customer support is good, recomend it

 
China Babu Pentala
Posted on November 21, 2016, 05:01 pm

Its very good site to send money India even smaller amounts without charges and good rate will offer always compare to other sites

 
Srini
Posted on November 21, 2016, 01:27 pm

Good exchange rate compared to competitors!! Reliable service!!

 
satish chennupati
Posted on November 21, 2016, 12:55 pm

transfast has really grown mature. From the initial days when i started using transfast and today there is lot of improvement. The quality of service is way better and Transfast is really living to it's name by providing really fast transfers.

 
Vignesh Mohan
Posted on November 21, 2016, 11:08 am

I Have been using Transfast for the last couple of years and had no issues with it so far. Excellent customer support. One of the fast and secure money transfer platform.

 
Sandeep Kumar
Posted on November 21, 2016, 07:49 am

I have been using Transfast since last couple of months and I always got the best rate available with prompt response from the customer the service and fast transfer to my Indian Banking account.