Introduction
Investing in the US stock market is an option for Indian investors looking to diversify their portfolio. However, to invest in US stocks, you need to transfer USD to your Vested Brokerage account. In this blog, we will guide you through the process of transferring USD from your ICICI Bank account to your Vested Brokerage account (or more commonly known as your Vested Invest account).
How to transfer USD from ICICI Bank to Vested Brokerage account
- Step 1: Visit the ICICI Bank website and log in to your account using your user ID or registered phone number (see Figure 1).
- Step 2: Under the “Payments and Transfer” tab, select “Fund Transfer.” Select “Overseas Transfer,” and then “Send Money Now” to initiate the transfer (see Figure 2 and Figure 3).
Please note that Steps 3 through 8 apply only if this is your first time adding US dollars to your Vested Brokerage account. Steps 3–5 can be skipped for the subsequent transfer.
- Step 3: Under “My Account,” select “Add New Receiver” (see Figure 4).
- Step 4: Enter Receiver details as shown below (see Figure 5). This is our custodian’s bank account information where the USD will be sent to.
Please enter the following beneficiary details
Receiver Type | Other than self (entity or non-individual) |
Receiver Bank Country | USA |
Currency | USD |
Receiver Bank SWIFT Code | CHASUS33XXX |
Receiver Bank Name | JPMorgan Chase Bank, National Association |
Receiver Name | DriveWealth LLC |
Receiver Nick Name | DW Broker |
Receiver Account Number | Please do not share this number with others. This account number is unique to you. To get the account number: Log into your Vested Brokerage account (via the app or the web application. Then go to the “Transfer” tab > “Add funds” > “Indian Banks” > View “General bank instructions” > see “Account number” (see Figure 5a) |
Receiver Address | 15 Exchange Place, 10th Floor, Jersey City, NJ |
Pincode/Zipcode/Postal code | 07302 |
Receiver Country | USA |
Receiver Bank Address | 1111 Polaris Pkwy, Columbus, OH 43240 |

- Step 5: Verify the details by entering the OTP (One Time Password) sent to your registered mobile number (see Figure 6).
- Step 6: After you have added the receiver, you can now initiate the USD transfer. Go to the “Transfer Money” tab and choose your account to initiate the transfer (see Figure 7).

- Step 7: Enter LRS specific details and authorize the transfer (see Figures 8 and 9). For details on how to access these fields, go to the table below.
Add the following details to the transfer page
Purpose of Remittance under LRS | Indian portfolio investment abroad – in equity shares |
Further Credit to | This is your DriveWealth ID. It is a 10 digit serial number that starts with a ‘V’ (for example: VSGD102XXX) You can get your DriveWealth ID from the Profile section in the app |
Name of Company | Example: APPLE or AMAZON or any other publicly traded company in the US (You can add a tentative stock name that you may invest in) |
Remitter Beneficiary Relationship | Investor |
Type of Company | Limited |
Country of Incorporation | USA |
Listed / Unlisted | Listed |
Stock Exchange where listed | NYSE |
Number of equity shares to be acquired | Enter an approximate number (e.g. 5) |
Percentage of equity shares being acquired | Less than 5% |
Source of Fund | Savings |
Please select the Product (Delivery option) | Guaranteed Delivery Product |
Have you pre-booked a deal with CCIL? | No |
Total amount to be transferred (in USD) | Example: 100 |
Promo code | We have negotiated with the bank lower FX fees and are passing along the savings to you. VEST40 Benefits of using Vested promo code Zero Service ChargeYour final exchange rate will be the prevailing exchange rate minus Rs. 0.40 |
- Step 8: Download the transaction confirmation and send a copy to deposits@vestedfinance.co (see Figure 10).
What happens after you initiate USD transfer to your Vested Brokerage with ICICI bank?
Once you submit the transaction, ICICI bank will review it. Once approved, your funds will be transferred via international SWIFT. It may take 2-3 business days before the funds are reflected in your Vested Brokerage account. Once the funds are available, you can start investing in US stocks, ETFs, and other securities through the Vested platform.
Investing in the US stock market through Vested is one of the easiest ways to diversify your portfolio. The process of transferring funds from ICICI Bank to your Vested Brokerage account is simple and straightforward. By following the above steps, you can transfer funds to your Vested Brokerage account and start investing in US stocks. We have negotiated a lower pricing with ICICI bank and have passed the savings to you. And finally, always remember to review the investment risks before making any investment decisions.
Frequently Asked Questions (FAQs):
1. What is the minimum amount I can transfer to my Vested Brokerage account from ICICI Bank?
The minimum amount for transferring funds from ICICI Bank to your Vested Brokerage account is $50. This is a requirement from ICICI Bank.
2. Can I transfer funds to a Vested Brokerage account using any other bank than ICICI Bank?
Yes, you can transfer funds to your Vested Brokerage account from any bank that allows international transfers. You can transfer using other banks such as SBI, Axis Bank, HDFC Bank, Kotak Bank and IDFC First Bank. The process and fees may vary depending on the different banks and the transfer modes.
To download USD transfer instructions for banks other than ICICI Bank:
- Log in to your Vested Brokerage account, select the following: Transfer > Add funds > Indian Banks > Select Bank > Download Instructions. You can also watch this video where we break down the process for you.
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Our team members at Vested may own investments in some of the aforementioned companies/assets. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for an investor’s portfolio. Note that past performance is not indicative of future returns. Investing in the stock market carries risk; the value of your investment can go up, or down, returning less than your original investment. Tax laws are subject to change and may vary depending on your circumstances.
This article is meant to be informative and not to be taken as an investment advice, and may contain certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential” and other similar terms. Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, market developments, and the success or lack of success of particular investments (and may include such words as “crash” or “collapse”). All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors that could cause actual results to differ materially from projected results.
This video is meant to be informative and not to be taken as an investment advice and may contain certain “forward-looking statements” which may be identified by the use of such words as “believe”, “expect”, “anticipate”, “should”, “planned”, “estimated”, “potential” and other similar terms. Examples of forward-looking statements include, without limitation, estimates with respect to financial condition, market developments, and the success of or lack of success of particular investments (and may include such words as “crash” or “collapse”.) All are subject to various factors, including, without limitation, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors that could cause actual results to differ materially from projected results.