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ICICI Money2India Money Transfer: Review & Comprehensive Guide

Updated on August 13, 2023 02:43 pm
ICICI Money2India

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.

What is ICICI Money2India Money Transfer?

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.

Do I Need to Be an ICICI Bank Customer to use Money2India? 

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. 

How Much Does ICICI Money2India Cost? 

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.

How Much Money Can I Send Using ICICI Money2India? 

With a higher limit than most of its competitors, ICICI Money2India allows you to send up to $300,000 USD per transaction. 

How Long Does ICICI Money2India Take to Transfer Money?

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. 

Is ICICI Money2India Money Transfer Safe? 

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. 

How to Send Money Using ICICI Money2India? 

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.

  1. Select the country you are sending from. Here you can choose to apply a promo code if you have one. If you are a Platinum member of their rewards system, you will get a special offer here which you can select before moving on in your transfer. 
  2. Add a recipient. Enter your recipient’s transfer-related information. Be ready to enter information such as their name, address, bank account number/IBAN swift/BIC, and payment information. 
  3. Select the source account. Here you will enter the information for the account you will be funding the transfer from. 
  4. Enter the specifications of this transaction. Here you will enter a reason for the transfer and what is funding your transfer. For example: “Purpose for transfer: Funding my NRE Account, Source of funds: Salary" 
  5. Select the frequency of your transfer. ICICI Money2India has a unique feature which allows you to set up recurring transfers. This is the step where you can specify if this is a recurring transfer and enter the details for the transfer or you can opt for this to be a one time transfer. 
  6. Schedule your transfer. ICICI Money2India also allows you to schedule a transfer for the future. This is the step where you can decide whether you want to transfer your money now or send it later. 
  7. Review your transfer. You will be taken to a review page where you can see all the details for your transfer, confirm everything looks right before starring the transfer. 
  8. Enter the OTP sent to your phone number to verify your identity. 
  9. Track your transfer using your ICICI Money2India account or mobile app. 

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

How to Contact ICICI Money2India? 

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

Pros of ICICI Money2India Money Transfer

Based on our research of customer reviews and comparison to other remittance providers, the pros of the ICICI Money2India money transfer service are:

  • Convenient and quick to use. The simple process makes this easy to use for customers new and old. 
  • Rewards system. The ICICI Money2India tier system rewards you for frequently using Money2India, the more you use it, the more benefits you get. 
  • Competitive exchange rates that strive to serve the best deal in the market. 
  • Unique scheduling system. Money2India allows you to set up recurring transfers or schedule a transfer for the future, minimizing your hassle. 
  • Transfer to and from any bank. Neither you nor your recipient have to have or be transferring money out of an ICICI bank account to use this service. 

Cons of ICICI Money2India Money Transfer Service

Based on our research of customer reviews and comparison to other remittance providers, the cons of the ICICI Money2India service are:

  • The less money you transfer, the poorer exchange rate you get in comparison to if you are sending a large sum of money. 
  • Confusing transfer fee. There isn’t a way to estimate your transfer fee until right before you confirm your transfer. 

ICICI Money2India Money Transfer Service: Best Feature 

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. 

ICICI Money2India Money Transfer Service Alternatives

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: 

ICICI Money2India Money Transfer Reviews

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.

Do We Recommend ICICI Money2India?

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.

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Walmart2Walmart
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Be sure to bring a valid photo ID, such as a driver's license or passport, with you.The following IDs are accepted at Walmart:U.S. Driver's License, including Puerto RicoState ID, including Puerto RicoUnited States PassportInternational PassportMilitary IDU.S. Permanent Resident CardTribal IDMexican Matricula ConsularStep 2: Locate the Service DeskOnce inside the store, make your way to the Walmart Money Services Counter or the Customer Service Desk. Inform the store associate that you want to use Walmart2Walmart to send money. This is where you'll find the necessary forms and assistance to complete the transaction.Step 3: Provide Necessary InformationYou'll need to provide the following information to the Walmart associate:Your name and contact information.The recipient's name and contact information.The amount you wish to send.The location of the Walmart store where the recipient will pick up the money.Step 4: Pay for the TransferAfter providing the required information, you'll need to pay for the money transfer, including the service fee. Walmart offers transparent pricing, so you'll know the exact cost upfront. You can pay for your transfer with cash in US Dollars, or with a debit card or credit card.Step 5: Receive a Reference NumberOnce the transaction is complete, you'll receive a reference number. Be sure to keep this number safe, as the recipient needs to pick up the money.Step 6: Share the Reference Number with the RecipientShare the reference number and transfer details with the recipient, as they will need this information to collect the funds.Step 7: Confirm ReceiptOnce the recipient has picked up the money, you should confirm with them that the transfer is complete.That's it! You've successfully sent money using Walmart to Walmart.The money will be transferred to your recipient as early as 10 minutes for pickup if everything goes smoothly.If you are visiting the store for shopping and other needs, using the money transfer services while you are at the store can be a convenient option.How to Send Money Online Using the Walmart2Walmart?You can either use the Walmart2Walmart app or Ria's website to send money online.Create a new account or use your existing Ria credentials to log into the Walmart2Walmart mobile app.Add the recipient's full name, country, and state. Or choose an existing recipient, the one to whom you have sent money before.Choose a delivery option: cash pickup, mobile wallet, bank account deposit, or even home delivery (depending on the location)Enter the transfer amount. (Total cost including the transfer fee will be shown upfront)Pay for the transfer using cash in US Dollars, or enter a bank account or debit or credit card details.Walmart will take care of the rest.How to Receive Money Sent Through Walmart2Walmart?To receive the money transferred through Walmart2Walmart:Visit any Walmart or Bodega Aurrera storeGo to the Walmart Money Services Center or customer service deskShow a valid IDIf you received a barcode, provide it to the store associateCollect the cash from the associateThe transfer process is completed within 10 minutes from the moment the sender initiates the money transfer.The recipient has up to 60 days from the date of the transaction to collect the money. As per the Walmart return policy, the money transferred is returned to the sender if the money is not collected within the 60-day limit.If the sender opts to send money to your bank account or mobile wallet, you just have to wait for the money to get deposited.How to Track Your Walmart2Walmart Money Transfer?There are several ways to track your Walmart2Walmart money transfer:Track at your local Walmart MoneyCenter. The associate can track with the help of the sender's tracking number or order number.Track through the Walmart2Walmart mobile app using the tracking number. Click the Track link at the bottom of the screen to see the status of your transfer.Online at the Ria "Track a Transfer" section using the tracking numberCall the Ria customer support team (1-855-355-2144 or 1-877-443-1399)Send an email to [email protected] Money With MoneyGram and Western Union Through WalmartWalmart has also partnered with money transfer incumbents such as MoneyGram and Western Union to make money transfer more convenient both domestically and internationally.MoneyGramYou can send money from a Walmart store for cash pickup safely at a MoneyGram location anywhere in the US and Puerto Rico. MoneyGram also offers international money transfers through Walmart. The money you send with Walmart can be collected at any MoneyGram location across 200 countries worldwide. You also have to option to transfer via a bank account deposit, mobile wallet, and card payments where available.You can also pick up or receive money sent from any Western Union, Ria, or Moneygram agent location within the U.S. by going to your local Walmart with the reference or MTCN number provided by the sender.Western UnionSend money from a Walmart store for pickup at one of hundreds of thousands of Western Union agent locations throughout the US and Puerto Rico. The money is typically available within minutes for collection. For international money transfers, visit any Walmart store for cash pickup at a Western Union agent location in over 200 countries. The money can also be deposited to a bank account, cards, and mobile wallets (availability of delivery options can vary by destination country).Benefits of Using Walmart to Walmart Money TransferWalmart2Walmart offers seamless domestic money transfers within the US, Puerto Rico, and Mexico with the following benefits:Simplicity: Whether you visit a store or use the Walmart2Walmart mobile app, sending money is effortlessly straightforward.Speed: Transactions through Walmart to Walmart are typically processed quickly, allowing your recipient to access the funds promptly.Convenience: With over 4,500 Walmart locations across the US, finding a location to send or receive money is relatively easy.Widespread Access: Recipients can collect funds at over 4,500 Walmart branches in the US and Puerto Rico or over 2,500 Bodega Aurrera and Walmart locations in Mexico, ensuring easy access to their money.Security: Walmart2Walmart, powered by Ria, boasts a strong track record in domestic and international money transfers, guaranteeing the safety of your funds and personal informationLow Cost: Walmart offers competitive pricing for its money transfer service, making it an affordable choice for most customers.Tips for a Smooth Walmart-to-Walmart Money TransferTo ensure a seamless experience when using the Walmart to Walmart money transfer service, consider the following tips:Double-Check Information: Ensure all the details you provide, such as recipient information and the destination Walmart store, are accurate.Understand Fees: Familiarize yourself with the service fees associated with your chosen transfer option (Ria, Western Union, or MoneyGram).Keep Receipts: Retain all transaction receipts, including the reference number, until you confirm that the recipient has received the funds.Plan Ahead: Keep in mind that transactions may take a little time, so plan accordingly, especially if the recipient needs the funds urgently.Use Secure Channels: Only share the reference number with the intended recipient and ensure they are aware of the importance of keeping it confidential.Ask for Assistance: If you have any questions or encounter issues during the process, don't hesitate to ask Walmart associates for assistance. They are trained to help you with money transfers.Frequently Asked QuestionsCan you do a Walmart-to-Walmart money transfer online?Yes, you can send money through Walmart to Walmart online using their official website or mobile app.How does Walmart to Walmart money transfer work?Walmart to Walmart money transfer is a service that allows you to send money to someone domestically within the U.S., Puerto Rico, or Mexico. You can initiate the transfer by visiting a store and using their Money Services Center, or you can do it online through the Walmart2Walmart website or mobile app. You provide the recipient's name, location, and the amount you wish to send. The recipient can then pick up the funds at a Walmart store or participating location.How much is Walmart to Walmart money transfer?The fees for Walmart-to-Walmart money transfers vary depending on the amount you're sending. Fees start at $4 for up to $50 transfer, $8 for transfers of $51-1,000, and range up to $16 for $1,000 to $2,500 transfers.How to track Walmart to Walmart money transfers?To track a Walmart-to-Walmart money transfer, you can typically use the reference number or order number provided during the transaction. You can inquire about the transfer's status at the store where you initiated the transfer or contact Walmart's customer service for assistance.Can I cancel a Walmart-to-Walmart money transfer?It is possible to cancel a Walmart-to-Walmart money transfer, but the process and eligibility for cancellation may vary depending on the specific circumstances and Walmart's policies. You should contact Walmart's customer service or visit the store where you initiated the transfer as soon as possible to inquire about cancellation options.Is Walmart to Walmart safe?Walmart-to-Walmart money transfers are generally considered safe and secure. The service is powered by Ria, a well-established money transfer company with a strong reputation. However, it's essential to follow best practices for online and in-person money transfers, such as safeguarding your transaction details and only sending money to trusted recipients.ConclusionWhether you're helping out a friend, sending funds to a family member, or taking care of financial obligations, these services offer speed, reliability, and security. By following the simple steps outlined in this guide and considering the tips provided, you can make the most of these options for your money transfer needs. Remember, when it comes to transferring money, convenience and peace of mind are key, and Walmart's partnerships with these trusted providers deliver just that.There are numerous ways to send money internationally. We recommend taking a look at other options at your disposal as well.To find the best exchange rates, lowest fees, and fastest turnaround times for sending money online, check out CompareRemit's online money transfer comparison tool to choose a trusted remittance provider for your transaction today!

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