Remit2india.com/Sending money to India

I have used remit2india.com to send money to India. They says that the rate will be applied as per the exchange rate of the day your funds are converted. They are cheating the customer. They are not disclosing what rate they have applied to your fund. Nor they keep the old rate on their site.

What they basically doing is converting your fund on the less rate and saying that was the rate when your fund are converted and cheating the customer.

I checked their web site and call the customer service rep to check the exchange rate for June 22 when my fund was converted and I was told that the exchange rate at 12:30 a.m Eastern time for NRE Account is 40.39 and Normal is 40.32

I did my transaction as NRE Account but I was given the exchange rate of 40.32

They are cheating the customer. Check well before doing any business with them

Thanks

Suneet Bansal

---------------------------------

Sick sense of humor? Visit Yahoo! TV's Comedy with an Edge to see what's on, when.

Comment On This

Hello suneet,

I am also sending money through remit2india online service. and i haven't experienced such situation may be i am neatly checking each and every thing that i found on their site. and after 12 successful transactions i can say that it may be some communication misunderstanding between you and their online service. anyways i am happy with remit2india and will continue my transactions with this service.

Comment On This

This is a BS service. I could have drawn up a DD locally against SBI or any other bank in the US that does INR DDs and still could have got the money in good time to my parents in India.

Every time the story is the delivery will be in 2-3 days once the funds are confirmed. however funds get confdirmed and debited one one date and then it has taken about 2 weeks for the money to reach India.

I had avoided this service like the plague for a coupel of years. Recently I found that they had introduced something called "Rupee Express". This promised the same 2 day delivery and I decided to try once again. They also had a new "mobile alerts" to let me know what happens to the transaction via SMS.

The same story but this time after two weeks the money had not reached yet. So I write to them and ask about the status. I get a response that indicates that there were some details missing in the transaction and hence the money could not be delivered and that I should update the beneficiary details.

It took them 2 weeks to find out that the beneficiary details were incorrect. It appears that they have a phone number from what peopel have said here, however when I call all I get is a status update that says that the money has been dispatched.

This is a ridiculuos service. Preloaded cash cards may be a better option. Even if you have to do a few of them. Now I have the long and arduous process of getting my money back from these incompetent company.