e-Transfer (ACH) is a completely online, paperless money transfer service which enables you to send money directly from your bank account in USA to your beneficiary in India from the comfort of your home. It uses the US Automated Clearing House (ACH) network to directly transfer money. ACH is the clearing network for electronic funds transfers in USA. Banks can process financial transactions electronically without using paper instruments such as checks using the ACH network. See similar questions...

Completely online: You can directly transfer money from your local bank account in the USA to your beneficiary in India . There’s no need for any branch visits or paperwork. FREE money transfers: There's no charge for money transfers into ICICI Bank accounts or any VISA card account* in India. It's also free for direct electronic money transfers into accounts with over 100 other banks in India or Demand drafts issued above $1,000. See similar questions...

e-Transfer (ACH) uses state-of-the-art security systems to ensure the privacy of your bank account details and other information provided by you. We use 128-bit SSL technology to transmit your information in an encrypted form. Please note that ACH is widely used in USA, with over 20,000 banks in USA participating in the ACH network. The popularity of the ACH service can be gauged from the fact that in 2002, there were over 9 billion ACH transactions worth more than $24.4 trillion. See similar questions...

It's absolutely FREE if you're sending money that's directly credited into any ICICI Bank account or a Visa card account. It's also FREE if you're sending amounts more than $1,000 for electronic credit into non-ICICI Bank accounts with over 100 key banks in India . We also issue and dispatch demand drafts for FREE to over 1,760 locations for money transfers of over $1,000. For amounts of $1,000 and below, there is a nominal charge of $2. See similar questions...

We request you to please send us an e-mail at nri@icicibank.com from your registered Money2India email ID, providing your Money2India Login ID and the registered bank account details (Bank name, ABA Routing number, last 4 digits of the Account number and Account type) which you want to enable again. We would also request you to confirm on the reason for the reject received/ posting of the incorrect entries, as the case may be. See similar questions...

You can send up to $5,000 per day to any bank account or upto $3,000 per day for credits to Visa card accounts* in India or $3,000 per day through a demand draft to a beneficiary who doesn’t have a bank account with ICICI Bank or other bank accounts where we offer the electronic credit facility. In addition, there is a weekly limit of $15,000. The weekly limit for credits to a Visa card account* is $12,000. You can also transfer funds in cash up to $ 850 per transaction. See similar questions...

You can use it if you have a consumer checking account or a consumer savings account with a bank affiliated to the ACH network in USA. You can also use your consumer money market accounts for online transfers. However, banks in USA treat money market accounts differently in the case of ACH transactions. While some consider it as consumer savings accounts, others treat it as consumer checking accounts. See similar questions...

No, you needn’t be an ICICI Bank customer to use e-transfer (ACH). What you need is a valid consumer checking / savings bank account with a bank in USA. See similar questions...

e-transfer (ACH) from ICICI Bank Money2India offers you the best exchange rates. You can check indicative exchange rates by clicking on the Exchange Rates link on the Money2India home page. Please note that the exchange rates displayed on the site are indicative. Actual rates applied while converting the dollar amount transferred by you into Indian rupees may be different from displayed rates because of intra-day movements in the rupee-dollar exchange rate. See similar questions...

You can check the status of your e-transfer (ACH) account by selecting the "e-transfer (ACH) Account(s)" link under Manage on your Services home page after you have logged into money2india using your user ID and password. See similar questions...

The money is transferred from your bank account on the second or third working day from the request date. Any unpaid requests are expected during the third or fourth working day, and only after this do we make the payment to the beneficiary. We thus receive the money in four-five working days. If your beneficiary has an account with ICICI Bank, the money is directly transferred to the account on the fifth working day. See similar questions...

You can delete a money transfer request made through e-Transfer only if the status of the request is "Request Received" i.e. before the request is processed by us. Once the status changes to "Request Under Process" or subsequent status's, the request cannot be cancelled. A demand draft is dispatched by either courier or registered post depending upon the location of the beneficiary. A courier delivery will take about one-four days, while registered post takes about 8-10 days. See similar questions...

Your bank in USA might return a money transfer request made by you using e-transfer (ACH) for various reasons. This includes insufficient funds in your account and any change in your account status (account closed, account disabled, account type changed). Please note that your bank might levy a charge in case you do not have sufficient funds in your account to cover the amount to be transferred. See similar questions...

You can send money to India using e-transfer (ACH) from your consumer money market accounts. However, banks in USA consider money market accounts differently for e-transfer (ACH) transactions. Some banks consider it as consumer savings accounts, while others treat it as consumer checking accounts. Hence, you need to check with your bank how they classify money market accounts and accordingly select either consumer savings account or consumer checking account. See similar questions...

A wire transfer is used for same day settlement. An ACH transaction must be scheduled up to 2 days in advance for a credit and 1 day in advance for a debit. See similar questions...

No. While Automated Clearing House (ACH) or Electronic Funds Transfers may seem to be a faster way to process a check payment, (see next question below) all such services charge a per transaction (per check) fee and/or a percentage discount. Our system produces what is known as a one-time paper draft. A one-time paper draft does not require the account holder's signature and must be accepted by any US Bank. The drafts are in the format of a regular check, including the necessary MICR line. See similar questions...

ACH TRANSFER is an electronic transfer of funds sent to your bank account from the Bursar's Office. This occurred because you had a credit balance on your student Bursar account (from financial aid, overpayment, or some other form of credit), and the residual funds were delivered to you by Web Refund or per your Refund Request. It appears as a debit on your account in order to zero out the credit balance; it is not a fee. See similar questions...