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 USA to INR change )

Today's Rate
$ Amount
₹ Exchange Rate
$0 - $2950
₹66.60*
Exchange Rate Type
Locked-in
Transfer Fee
Bank Account
$ Amount
₹ Fee
Up to 2950
$0.00
Debit / Credit card
$ Amount
₹ Fee
50 - 100
$9.99
101 - 250
$14.99
251 - 500
$19.99
501 - 750
$24.99
751 - 1000
$29.99
1001 - 1500
$39.99
1501 - 2950
$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

Prasant Rout
Posted on February 19, 2017, 05:00 am

I have been using Transfast since last 1 Year. Now their service has been improved a lot. One thing I am concerned about the security check they do frequently although I provided all my documents earlier for other transactions, It would be more convenient if they get all the the document needed for verification once. Otherwise I am happy with their service and their exchange rate is best as compared to other service providers.

 
Vinay T
Posted on February 16, 2017, 02:17 pm

Transfast is the synonym for "Fastest Secure Money Transfer Service". Honestly, they took healthy amount of time for my first transaction but it was for good. They contacted me and confirmed the details of the transaction to avoid fraudulent transactions, which made me believe more in this service. It seems they can perfectly balance the security and fastness. Exchange rate is impressive as well. Count me in as a long term customer :)

 
Nikhil Rao
Posted on February 16, 2017, 08:33 am

Transfast is a great service. I have been using this for more than 10 months now and am impressed with the good, reliable and fast service. It is by far the best money transfer service in this business.

 
Justin
Posted on February 16, 2017, 06:51 am

I have been using Transfast for the past 6 months and I must say that I've always been satisfied with their service. I started to use Transfast after I was getting crappier service with Western Union and Money Gram. Transfast will always be my #1 option to transfer money to my relatives in India.

 
Sravanthi
Posted on February 16, 2017, 06:48 am

Transfast is really quick and efficient.. i rely on it every month to send money to India..sometimes it takes less than 12 hours which is soo conveninent..

 
Shashank
Posted on February 14, 2017, 09:02 am

It was great, fast, secure service I love the speed.

 
Harshap
Posted on February 13, 2017, 05:59 pm

I'm using Transfast from 2013, Transfast has the highest exchange rates when compared with others, customer service is friendly and helpful, reliable fast secure service – that’s why I likeTransfast allot and would definitely recommend it always for my friends to use Transfast.

 
Samuel Yeditha
Posted on February 13, 2017, 02:10 pm

I have had good experience till now.

 
Raj
Posted on January 26, 2017, 09:01 am

My transaction status showing funds are deposit to my beneficiary account on Jan 20th 2017 and still we did not received a funds into my beneficiary account. I open a service request and customer support not willing to speak to her Manager and expedite the request.

 
Hari Raam
Posted on January 19, 2017, 05:25 pm

Transaction was smooth and fast