HIGHLIGHTS
ICICI Bank Ltd (NYSE:IBN) is India's largest private sector bank. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 17 countries, including India, Russia, United Kingdom, and Canada and branches in United States, Qatar, Bahrain, Dubai, China, Bangladesh, Thailand, Malaysia, and Indonesia.
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 wire-based power transfer. With an ever-expanding base since its launch, it has become one of the preferred modes of online money transfers to India, facilitating instant money transfers in USA, Canada and UK at confirmed exchange rates with round the clock customer service availability.
Money2India uses cutting edge technology to offer money transfer solutions through multiple channels like Money2India Mobile app, Call2Remit and the 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 in 9 countries to any beneficiary account with over 100 banks in India.
Focused on creating a widespread network for customer convenience, ICICI Bank has a network of over 4,000 branches and over 14,000 ATMs across India, making it easy to access for any user throughout the country.
FEATURES (Currently showing rates for USA to IND change )
- ACH Transfer
- Wire Transfer
EDITORIAL REVIEW
ICICI Bank, one of the Big Four Banks along with SBI, Punjab National Bank, and Canara Bank, is one of the largest private banks in India. ICICI Bank was established in 1994 by the Industrial Credit and Investment Corporation of India, an Indian 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 or to the resident VISA debit card accounts in India. The money can be transferred to over 100 banks in India. There is an upper limit of $20000 per day if the money is sent directly to the recipient’s bank account. The limit is higher compared to the other banks. This service is not expensive either and for amounts over $1000 the service is free.
ICICI Bank's Money2India is the only service, which is able to send money from USA to ICICI Bank accounts within an hour, all days of the year. So for quick transfers to ICICI Bank accounts, Money2India is the choice you should be making to send money to India.
For sending money to other bank accounts, it takes 2-24 hours excluding bank holidays.
If you want to send amounts higher than 20000$, you can use the Power Transfer product by Money2India
Money2India also provides additional features for its users. The customer service is available by phone, by email, or click to call. You can go online to track the transfer 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. Money2India was awarded Best Remittance Business Award at The Asian Banker Awards 2013.
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.
USER REVIEWS
Please do not use Money2India money transfer service. I tried to transfer USD 40 on 2nd January and as of 11 January money has not reached the recipient. They sent me service request SR658304867 asking my bank statement, proof of debit etc and I submitted all items as requested but still money has not reached recipient. Many customer service managers told me on phone they will check and call me back but no one has called me back. I was told by one manager to go to my bank and raise R07 request to recall funds. This is all lies and untrue statements . Now they are also saying that money will be auto credited into my account after 60 days. I am not sure if I will ever see my money back !!! For such a small amount I cannot understand what are the issues and how will it help ICICI bank in using my money. From the blog posts it seems they are sitting on everyone's money and not transmitting. I am very disappointed and will cancel my NRE and NRO account with ICICI bank. I just cannot trust these guys. PLEASE DO NOT USE THIS SERVICE. Hopefully someone from Money2India will read this and reply on this review.
0 Please do not use Money2India money transfer service. I tried to transfer USD 40 on 2nd January and as of 11 January money has not reached the recipient. They sent me service request SR658304867 asking my bank statement, proof of debit etc and I submitted all items as requested but still money has not reached recipient. Many customer service managers told me on phone they will check and call me back but no one has called me back. I was told by one manager to go to my bank and raise R07 request to recall funds. This is all lies and untrue statements . Now they are also saying that money will be auto credited into my account after 60 days. I am not sure if I will ever see my money back !!! For such a small amount I cannot understand what are the issues and how will it help ICICI bank in using my money. From the blog posts it seems they are sitting on everyone's money and not transmitting. I am very disappointed and will cancel my NRE and NRO account with ICICI bank. I just cannot trust these guys. PLEASE DO NOT USE THIS SERVICE. Hopefully someone from Money2India will read this and reply on this review.
0 I have used Money2India for about 10 transactions from UK to India. While they are reliable and offer good exchange rates, it takes atleast 5-6 working days for the money to get transferred. Their own ETA says it will take a week. Not for people who are looking to transfer money urgently.
0 I have used Money2India for about 10 transactions from UK to India. While they are reliable and offer good exchange rates, it takes atleast 5-6 working days for the money to get transferred. Their own ETA says it will take a week. Not for people who are looking to transfer money urgently.
0 This bank will take your money out of your account automatically using their ACH transfer but will not send to the recipient. Also they will not refund you your money giving several excuses. I'm going to sue this bank in court.
3 This bank will take your money out of your account automatically using their ACH transfer but will not send to the recipient. Also they will not refund you your money giving several excuses. I'm going to sue this bank in court.
3 Compareremit states they are offering 10$ amazon gift card after first transaction, however, when checked with ICICI, they say they don't have any such promotion. Also, they ask you to upload your SSN copy, which no other site ask you to. I regret doing that now. Please don't use this icici bank for transfer.
1 Compareremit states they are offering 10$ amazon gift card after first transaction, however, when checked with ICICI, they say they don't have any such promotion. Also, they ask you to upload your SSN copy, which no other site ask you to. I regret doing that now. Please don't use this icici bank for transfer.
1 I have used Remilty andtheur customer service is awesome and service is 5 STAR. They dilievr the funds to your bank earlier than committed time. I will stick with remilty and will never go back ICICI M2I whose quality is 1 or 0 out 10 now. I used to recommend ICICI to my friends and I advise them now not to use it.
5 I have used Remilty andtheur customer service is awesome and service is 5 STAR. They dilievr the funds to your bank earlier than committed time. I will stick with remilty and will never go back ICICI M2I whose quality is 1 or 0 out 10 now. I used to recommend ICICI to my friends and I advise them now not to use it.
5 Money2India is not properly working and when called customer response is very poor and the software they have is not working and not able to verify bank account even though proper information was fed.
4 Money2India is not properly working and when called customer response is very poor and the software they have is not working and not able to verify bank account even though proper information was fed.
4 Unlike others i did not face any hassles while transferring money from UK to India.They stood up to their words and the money was credited within 2 working days in a Non-ICICI Indian bank and that too with minimal charges. The entire process doesn't take more than 5 mins once you're set up on the site. i will definitely recommend it to all.
3 Unlike others i did not face any hassles while transferring money from UK to India.They stood up to their words and the money was credited within 2 working days in a Non-ICICI Indian bank and that too with minimal charges. The entire process doesn't take more than 5 mins once you're set up on the site. i will definitely recommend it to all.
3 Extremely happy with the Express E-Transfer Facility from ICICI...per their commitment I was able to see my transferred amount in an Indian ICICI account in an hour... Though I feel the exchange rate should be little more competitive but am very happy that now i have a reliable source to transfer money if there is a URGENT need... Thank you ICICI Money2India for this fantastic facility.
5 Extremely happy with the Express E-Transfer Facility from ICICI...per their commitment I was able to see my transferred amount in an Indian ICICI account in an hour... Though I feel the exchange rate should be little more competitive but am very happy that now i have a reliable source to transfer money if there is a URGENT need... Thank you ICICI Money2India for this fantastic facility.
5 I have been using their service for last 3 years now. I have never faced issue which people have mentioned here. Seems like false reviews. Money gets transferred within 2 days max and if its delayed you get a call with reasons.
3 I have been using their service for last 3 years now. I have never faced issue which people have mentioned here. Seems like false reviews. Money gets transferred within 2 days max and if its delayed you get a call with reasons.
3 
