With a strong legacy as one of India’s most trusted banks, ICICI Bank Money2India has harnessed technology to create a seamless and secure platform for sending money across continents. As the name suggests, this service is designed to facilitate international money transfers, allowing individuals to send money from various countries to beneficiaries in India.
ICICI Bank’s Money2India allows NRIs and Indian citizens alike to transfer money to and from India from the convenience of any of their bank accounts.
In this review, we'll explore the features and benefits of ICICI Money2India's money transfer service, examining how it stands out in the competitive landscape of global remittance solutions. Whether you are a curious newcomer seeking a reliable remittance solution or a seasoned user of the service, we've got you covered with all the essential information you need to know about ICICI Money2India.
In this comprehensive ICICI Money2India review, we take a deeper dive into the ICICI’s Money2India online money transfer service and determine if it is the best option for sending money for you.
ICICI Money2India is a secure and convenient online money transfer service offered by ICICI Bank, one of India's leading private sector banks. This service is designed to facilitate international remittances, allowing individuals living abroad to send money to beneficiaries in India. It aims to provide a reliable and efficient platform for transferring funds to family, friends, or business associates back home.
As the name suggests, ICICI Money2India facilitates only transfers to India.
Money2India provides a unique exchange rate to its users, the more you send, the better exchange rate you get.
To get started with ICICI Money2India, you simply need to create a free account and begin the simple money transfer process, which will be outlined later in this review. Maintaining your ICICI Money2India login requires no fee. Once you have secured your ICICI Money2India login, you can begin the money transfer process through the Money2India website or the Money2India App.
Money2India lets you transfer money to India from 7 different countries including the United States, Canada, Australia, Singapore, the UK, and the UAE.
ICICI Money2India can be used by anyone trying to send money to India. Neither you nor your funds’ recipient needs to be an ICICI Bank account holder to use the service. You can transfer from any bank to any bank.
Like most remittance services, ICICI makes money when converting your currency for your transfer. The more money you send, the more favorable your exchange rate will be. As shown above, here is an example of the exchange rate breakdown. You will get the most accurate exchange rate for your transaction once you log in and begin your transaction.
You will be charged a transfer fee which you can view when you have started the transfer process.
With a higher limit than most of its competitors, ICICI Money2India allows you to send up to $300,000 USD per transaction.
While it is important for us to highlight that each transfer is unique and their transfer times are dependent on the amount and destination country, ICICI Money2India prides itself on its speedy money transfer. If not received within 24 hours of confirming your transfer, ICICI Money2India aims to complete your transfer within 1-5 business days.
Once you begin your transfer, ICICI Money2India will show you your estimated delivery date for your transfer.
ICICI Money2India employs the use of many security features and practices to make sure your transactions and accounts are completely safe and secure. Two of the most significant practices and security features they have are firewalls to protect your account from unauthorized logins and a 128 bit Secure Socket Layer which protects all your personal information.
ICICI Money2India also requires you to verify your transfer before it begins to send the money by sending you an OTP code to your mobile device to verify your identity.
Now for the biggest question you must have: how does ICICI Money2India work?
As mentioned previously, sending money with Money2India requires you to first create an account. The account is free; you can register with your email address of choice and password.
Once you have an account created, follow these detailed steps to set up your first remittance transaction.
After the transfer has been completed, you are eligible to receive points that can be applied to future money transfers. Money2India will place you into different rewards tiers with the more transfers that you do, allowing you to use the benefits that come with each tier until your status expires or your tier changes.
There are four rewards tiers: blue, silver, gold, and platinum. The higher on the tier scale, the more rewards and benefits you get on each transaction
ICICI Money2India provides help either through their customer service phone number or their FAQs/Help Centre.
If you need assistance that is not solved by consulting the Help Centre, give a missed call on the customer service number: +91 7666 022 222
Based on our research of customer reviews and comparison to other remittance providers, the pros of the ICICI Money2India money transfer service are:
Based on our research of customer reviews and comparison to other remittance providers, the cons of the ICICI Money2India service are:
As mentioned before, ICICI Money2India allows users to set the frequency of their transfers and choose to schedule them for later as well. This allows for a hassle free user experience, especially for those wanting to repeat transfers.
If you’re looking for an alternative to ICICI Money2India’s remittance service, here are some top remittance providers we recommend that offers low fees, excellent exchange rates, and are easy to use:
Need more assurance about Money2India? Is ICICI Money2India legit? Let’s see what users of Money2India have to say. Sourced from multiple platforms, customer reviews of ICICI Money2India are:
“I always get better deal from Money2India, customer support team are very supportive during any transaction, they will guide end to end and they give better rates compare to any other vendor. Thanks to Ashna from New York branch and Rupam from India, and rest of the backend team.” - Uday K on CompareRemit
“The Money2India is an easy online money transfer platform provided by India’s ICICI Bank leading private bank in India. I have sent money from US to India very easily.” - Sumit on TrustPilot
“Tried it based on recommendation by a friend. It took 5 working days to fund my account in India. As soon as I registered, the phone banking officer called and helped me out through the process. The team at New York did a good job to handhold my entire transaction.” - Raj on CompareRemit
Negative reviews pertain to issues with identity verification and transfer cancellations/delays as a result or having to go into a local ICICI physical branch to sort out complications.
To see even more trusted reviews from users of ICICI Money2India, check out CompareRemit’s review page.
With a legacy of trust and expertise, ICICI Bank has created a platform that not only offers competitive exchange rates but also ensures the security of your financial transactions. The simple process, rewards system, and unique scheduling capabilities make Money2India a great option for especially those looking to frequently transfer money.
We invite you to compare remittance providers using CompareRemit’s comparison tool today to find the best rates, lowest fees, and fastest turnaround times for your specific destination and transfer amount.