Money Transfer From US--please help.

Hi Friends,

I desperately need to send money to India for my father's sugery as soon as possible in the next couple of days. Which is the fastest method to send money. Have any of you used Citibank or ICICI bank to do money transfers. Please help. I need to find the quickest one possible and a bank which gives good exchange rate.

Thanks in advance,
Jothi.

Hi,

You can send money through ICICI bank. Generally, when u have an account in ICICI and your father also has account in that same account then u can send money within one day.

Otherwise, u can send money through wire transwer. However it takes 3-4 days to reach your father.For wire transwer, bank useually charge u some money. But when u use ICICI bank they don't take any money for the service.

Originally Posted by jothi

Hi Friends,

I desperately need to send money to India for my father's sugery as soon as possible in the next couple of days. Which is the fastest method to send money. Have any of you used Citibank or ICICI bank to do money transfers. Please help. I need to find the quickest one possible and a bank which gives good exchange rate.

Thanks in advance,
Jothi.

Hi Jothi,

I have used the ICICI money to India . It is quite quick. If you have not set up an account, it takes about 2 to 3 business days to activate. If you are transfering to an ICICI account, the money is there in 3 to 4 business days.

Hope this helps

Vandhana

Hi Jothi,

ICICI is a good option to transfer money to India. We've used it & the money is transferred in 3-5 business days & above all it's free. You & the recipient will be alerted thru email when the money is transferred to the a/c.

Western Union is also another option but i've heard that it's expensive, don't have a personal experience of that.

Hope this helps & wishing your father a speedy recovery.

Bye!

Ragini.

hi Jothi,

you can send the money by wire transfer it takes only one or two days. i have sent like this no issues you will also get the good exchange rate. only thing is
you have to pay $30 wire transfer fee..

hope this works

Dear Tulasi, Vandhana, Rajni, Srilak,

Thankyou all so much for your response and ideas. I will definitely look in to that.
I have an account with ICICI but my dad does not have an account there. How does that work then. Does he have to have an account to receive the money.

Jothi.

Hi Jothi,

ICICI does not require that you have an account with them. As long as you give the correct bank name, accoutn number and routing number .It takes a few days more if it is a non icici bank that receives the funds. Check out the details on their website

ICICI Bank :: NRI:: Money Transfer

Refer Sending Money to India - Which is the cheapest? for additional details on the same subject

Vandhana

Hello,
Money transfer thru banks would take time, if your father or any close relative doesn't have ICICI account, even if they have ICICI account and you have not sent the money earlier, then it would take time to setup the account connections etc. If you have citibank NRI account, you can send a DD to any person (again encashing DD would be time consuming).
The quickest way would be western union. They would charge something like $30 for $300 - $3000.00, you can send to any name, that person should take some ID card and can get the money from the nearest western union.
If you send money around evening, your parents can get money by couple of hrs when it is morning to them. But you need to use cash to western union to send the money, they would not accept Credit cards etc.

Good luck.
Punitha

I was not comfortable with ICICI after their use on goondas on customers.
I have a CitiNRI account. I transfer funds from my US account to my NRI account and from my NRI account directly deposit into my parents accounts. It free and no-hassles.