ICICI Bank Money2India

Write a Review

USA IND

₹ 73.30

UK IND

₹ 94.04

HIGHLIGHTS

ICICI Bank Ltd. (NYSE: IBN) is India's leading private sector bank. Its subsidiaries include India's leading private sector insurance firms, securities brokerage firms, mutual funds and private equity firm. ICICI Bank is one of the three domestically systemicially important banks in India as declared by the Reserve Bank of India.
Focused on creating a widespread network for customer convenience ICICI Bank has a network of over 5,275 branches and over 15,589 ATMs across India. ICICI Bank's international operations include subsidiaries in Canada and the United Kingdom; branches in USA (New York City), Bahrain, China, Dubai International Finance Centre, Hong Kong, Singapore, South Africa and Sri Lanka; and representative offices in Bangladesh, Indonesia, Malaysia and the United Arab Emirates.
ICICI Bank's Money2India is a popular online money transfer service offered to NRIs from 15 different countries via e-transfer, express e-transfer and local wire-based power transfer. Power transfer can be used to transfer amounts upto USD 300,000 per transaction or upto USD 500,000 per week. With an ever-expanding base since its launch in 2002, Money2India has become one of the preferred modes of online money transfers to India, facilitating secure and fast money transfers at confirmed exchange rates with round the clock customer service availability.


Money2India uses 128 bit Secure Socket Layer (SSL) encryption and other technologies to offer secure money transfer solutions through multiple channels like Money2India Mobile app and the Money2India website. To use this service, a user needs to complete a simple one-time online registration by accessing and can thereafter, start sending money from any bank account in their countriy to any beneficiary account with over 100 banks in India.

FEATURES (Currently showing rates for USA to IND change )

Today's Rate
For New Users Only
$ Amount
₹ Exchange Rate
$0 - $300000
₹73.30*
For Returning Users
$ Amount
₹ Exchange Rate
$0 - $300000
₹72.60*
(*exchange rates may vary from customer to customer and also depends on the amount of money transferred, USD 300,000 is the limit per transaction)
Exchange Rate Type
Locked-in
Transfer Fee
Bank Account
$ Amount
Fee
Up to $1000
$4.00
$1001 - $999999
$0
Transfer Time
Bank Deposit
5 Days
Transfer Type
  • ACH Transfer
  • Wire Transfer
Daily Transfer Limit
$0 - $25,000
Customer Service Info
866 ICICI 4U (866-424-24 48)
Company Headquarter
Mumbai, India
Company Type
Bank
Mobile App
Company Established
1994
Text Update (SMS)
Yes
Email Updates
Yes
Provider's FAQs
Referral Program
Yes
Key Feature
* High per transaction limit of USD 300,000
* Only bank to provide 1 hour transfers to ICICI Bank account 24x7, 365 days a year
Document Requirements
-

EDITORIAL REVIEW

ICICI Bank is one of the largest banks in India along with State Bank of India, Punjab National Bank, and HDFC Bank and was established in 1994 by the Industrial Credit and Investment Corporation of India (ICICI Limited), an Indian development financial institution. It has varied international experience with subsidiaries and branches all over the world.

In 2002, ICICI Bank launched its money transfer service called Money2India. It provides fixed exchange rupee transfer facility in USA. With Money2India’s Express e-Transfer and e-Transfer products,, you can send money from your checking or savings bank account in USA to the recipient’s bank account in India, Demand draft payment, making donations or transfer to various pre-registered entities. The money can be transferred to over 100 banks in India. There is an upper limit of USD 20,000 per day* if the money is sent directly to the recipient’s bank account (upto USD 300,000 per transaction for the power transfer product). The limit is higher compared to the other banks.

ICICI Bank's Money2India is the only service, which is able to send money from USA to ICICI Bank accounts within an hour**, all days of the year. So for quick transfers to ICICI Bank accounts, Money2India is the choice you should be making to send money to India.

For sending money to other bank accounts, it takes 0-24 hours to upto 5 business days. If you want to send amounts higher than USD 20,000 (USD10,000 per transaction), you can use the Power Transfer*** product by Money2India and transfer upto USD 300,000 per transaction.

Money2India also provides additional features for its users. The customer service is available by phone or by email. You can go online to track the transfer the Money2India website or use the Money2India mobile app launched in May 2013. You can also pay your bills in India through Money2India. You are not dependent on the banking hours in India to make the transfer as the service is available 24×7.

On a final note, Money2India services might be more popular among users who already have an account with ICICI bank. But because of ICICI’s reputation as banking giant, non-ICICI bank users can also use Money2India to their advantage to transfer money to India in a reliable and protected manner.

* Daily / Transactions Limits may vary from customer to customer ** Delivery time may vary for some customers ranging from within 24 hours to 5 business days *** Power transfer may require you to do a local wire transfer to the designated Money2India account

USER REVIEWS

finance d
Posted on September 23, 2020, 01:52 am

Transfer was initiated on Sep 4 2020 and verification was completed on the same day. I spoke to customer care on Sept 4 and was updated that the receiver would receive the amount on Sept 11-2020 - 11:30 AM EST Sept 11-2020 12:20 PM EST: called customer care as the receiver has not received the amount - Response from customer care-it will be credited to receiver in next 10 mins at 12:30 PM EST. Sept-11-2020 - 12:40 PM EST - called customer care as receiver yet to receive the amount - Response from customer care , Transfer is on HOLD due to pending verification . I was like !!!!! The representative mentioned would transfer the call to the concerned department for resolution->Call transferred, New representative says call is to be transferred to the Agent who is handling my transfer -> I said OK->Call put on hold for 40 mins not connected to any one :) I disconnected to dial again. Sept-11-2020 - 1:00 PM EST WESTERN UNION CUSTOMER-SERVICE_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION PHONE-NUMBER-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION HELPLINE-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION SUPPORT_NUMBER-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION REVIEWS-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION COMPLAINTS-NUMBER-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION CUSTOMER-SERVICE-PHONE-NUMBER-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION HELP-NUMBER-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION SUPPORT-_+1-8-4-4-5-8=4'O'6'O'6__-CUSTOMER-SUPPORT-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION CUSTOMER-CARE-_+1-8-4-4-5-8=4'O'6'O'6__ WESTERN UNION HEADQUARTERS PHONE NUMBER=_+1-8-4-4-5-8=4'O'6'O'6__ called customer care as receiver yet to receive the amount - Response from customer care , You haven't mentioned Receiver Account number (JOKE OF THE MILLENNIUM!!!) . I was like !!!!!, the representative mentioned would transfer the call to the concerned agent for resolution->Call transferred in progress on hold for 40 mins not connected to any one :) I will be cancelling the transfer and would also ensure i delete my account with western union . I hope this experience doesn't ev

 
Rakesh
Posted on September 19, 2020, 09:08 am

These guys won’t take any responsibilities. They won’t respond properly with the transaction and it’s details . Customer care don’t have any idea of what happens in backed and customer care superior are also dump.

 
suresg
Posted on September 17, 2020, 12:10 pm

These guys are frauds they won't process the funds and they will hold the money for a longtime.

 
Vignesh Kunar
Posted on September 16, 2020, 10:35 am

I would not recommend this icici money to India even if they give 80 INR for $1.

 
mallepalli
Posted on September 15, 2020, 09:26 am

These guys will hold the funds longer time and response time is not good.They wont process the funds .From next time onwards I wont use this nasty money2india app for fund transfer

 
Rohit J.
Posted on September 15, 2020, 08:21 am

THIS IS THE CORRECT REVIEW WITH CORRECT RATING: After more than a week of holding my money and after sending them screenshots on my online banking and statements and filing several service requests, ICICI Money2India told me that they're not able to process my transaction and that I should contact my bank to recall the funds. They already deducted the funds from my bank account more than a week ago. I already have sent money through Money2India before and use the same bank account and also provided them bank statement. This is unfair and mean! If they do this to me, I would not use them ever again. Will also report them to Consumer Financial Protection Bureau.

 
Rohit J.
Posted on September 15, 2020, 08:00 am

After more than a week of holding my money and after sending them screenshots on my online banking and statements and filing several service requests, ICICI Money2India told me that they're not able to process my transaction and that I should contact my bank to recall the funds. They already deducted the funds from my bank account more than a week ago. I already have sent money through Money2India before and use the same bank account and also provided them bank statement. This is unfair and mean! If they do this to me, I would not use them ever again. Will also report them to Consumer Financial Protection Bureau.

 
Gautam Anand
Posted on September 11, 2020, 05:54 pm

After 15 days, money2India informed me that they cannot process my transaction as they cannot verify my bank. Guess what, I have used the same bank for over 10 years and used money2india multiple times. According to these dumbos, my only option is to contact my bank and get the money back or wait 60 days. This company needs to be shutdown.

 
Gautam Anand
Posted on September 10, 2020, 06:47 pm

Continuing to provide update for everyone to see. Here is what the ICICI bots wrote. "We tried to connect with you multiple times through call and email. Request you to respond to the email sent by a team member of Money2India and we can resolve the query. " This is a complete and utter lie. I have not been called or emailed by anyone from ICICI. I have called these guys almost on a daily basis for the last 15 days and they have not resolved this yet. They asked for additional docs that I have already shared almost 4 days back and still see no progress.

 
Gautam Anand
Posted on September 09, 2020, 07:12 pm

Posting my comments here for everyone to really see how pathetic "ICICI" service is. Its now 15 days, 3 service request and 10 calls, and money has yet not reached my receiver. I am now fully convinced that ICICI is trying to make money by purposely delaying and earning interest. If anyone in ICICI management chain sees this, please do something about your horrible service.

 
ICICI Bank Money2India
Posted on September 10, 2020, 05:59 am
Dear Gautam Anand,

We are sorry about your experience with Money2India, we are focused on providing the best experience possible. We tried to connect with you multiple times through call and email. Request you to respond to the email sent by a team member of Money2India and we can resolve the query. Please don't provide any personal or transaction details on this forum as it is an open forum and not under control of Money2India services.

Thanks and Regards,
Money2India Team

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