USA IND

₹ 71.42

USA PHL

₱ 51.43

USA PAK

Rs. 137.04

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 IND change )

Today's Rate
$ Amount
₹ Exchange Rate
$0 - $2950
₹71.42*
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
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

Raza
Posted on December 15, 2018, 06:07 am

I have used this service on October 15-2018 and money hasn’t been delivered yet. Customer service has zero response and I know they’re just answering questions. I would not use them and suggest anyone not to use it. If I can give them review, probably -5 is the best.

 
Sasi Kanth J
Posted on October 11, 2018, 12:56 pm

I can't update my profile unless I receive an email from transfast support team. This is crazy. I wanted to update my address and the phone number because I moved from Wisconsin to Illinois now. This account was created when I was in Wisconsin. I was told that I can't update my profile unless I receive an email from transfast support team which is driving crazy. Please note that I just want to update my profile and there is no transaction ID, So I putin my old transaction ID.

 
Transfast
Posted on October 11, 2018, 08:11 pm
Hi Sasi Kanth,

For address update, you can edit this on the website on your account settings. For the phone number change kindly send an email at customersupport@transfast.com or call out hotline number 1-888-973-6383 so we could further assist you.

If you would like to discuss this further, please email feedback@transfast.com. We look forward to hearing from you.

Thanks,
Your Transfast Team
MEENAL GUPTA
Posted on August 17, 2018, 07:41 pm

wanted to give negative 5 rating.

 
Nivedita
Posted on July 07, 2018, 09:57 am

Have used it a couple of times. Faced no issues. Money is transferred in 7 days .. which was as per the estimated delivery date ... transfer rates are also good. Will continue to use this.

 
Tracey Okpara
Posted on March 16, 2018, 11:06 am

I’m actually afraid of all the bad comments here. A friend has used this platform to send me money from the states to my stanbic acc I just hope all runs smoothly. I feel very discouraged reading though 100% bad comments

 
Mah
Posted on March 01, 2018, 01:22 pm

I submitted a transfer on 02/26/2018 9PM and got a message next da early morning that they needs to verify my transaction and gave a phone number to call back. I tried calling back multiple times and their teller system says they are closed temporarily and will open 10AM eastern time and it was 12PM eastern time when I called them. Tried to chat online and it says "sometime went wrong" on the chat window when I clicked it. I thought some kind of fraud Investigation might be going thru like the kind of NIRAV MODI and cancelled the transaction immediately. One day later, I saw my bank account debited and they held my money even though I cancelled the transaction previous day which is insane.

 
Transfast
Posted on March 01, 2018, 02:43 pm
Hi Mah,

As you sent the transaction, you have authorized Transfast to debit funds from your account. Please expect a deduction from your account for every transfer, whether it will be completed or canceled. Once the debit request has been sent to the bank, bank will reserve your money for that specific transaction. Rest assured that we have a refund processed which will take within 5 to 7 business days.

We are sorry if we did not meet your expectations. We'll make sure to fix and improve everything in order to provide a better service to our valued customer like you. Our team is making the best effort so we can serve our customers better. If you would like to discuss this further, please email feedback@transfast.com.


Thanks,
Your Transfast Team
Srini
Posted on November 17, 2017, 09:54 am

Service is good,exchange(VALUE+) rate is high compared to others but it takes 3 to 5 days(expecting little faster instead of FASTTRACK option).

 
Abdul Mabood Mohammed
Posted on November 13, 2017, 08:35 pm

Fast service and one of the best exchange rate

 
Jagadish
Posted on November 13, 2017, 08:32 am

I am using Transfast for more than 2 years. It's reliable and often the transfers are delivered earlier than the estimated date. Rates are competitive. I feel that if you can simplify the policy and make it easier to increase the limits, it would be great.

 
Rajesh
Posted on November 10, 2017, 03:37 pm

Its fast and smooth so far. I'm using transfers for almost 2 years.

 

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