How to transfer USD from ICICI Bank to Vested Brokerage account

by Vested Team
March 7, 2023
4 min read
How to transfer USD from ICICI Bank to Vested Brokerage account

Are you an Indian investor looking to invest in US stocks? Diversifying your portfolio by investing in US stocks is a great choice to beat Indian rupee inflation. It’s also much easier than you think. 

In this blog, we’ll break down the simple steps to transfer USD from your ICICI Bank account to your Vested Brokerage account. Let’s dive in!

How to transfer USD from ICICI Bank to Vested Brokerage account

Step 1: Log in to the ICICI Internet Banking portal using your user ID or mobile number

Figure 1

Step 2: Under the “Payments and Transfer” tab, select “Fund Transfer”.

Figure 2

Step 3: Select “Overseas Transfer”.

Figure 3

Step 4: Select “Send Money Now”.

Figure 4

Step 5: Select “Add Receiver”.

Note: This is a one-time process if you are funding through ICICI Money2World for the first time. If you have previously transferred using ICICI Money2World, select “Transfer Money” and go to Step 11


Figure 5

Step 6: Select “Broking Company”.

Figure 6

Step 7: Add receiver details (refer to figure 9) and select “NEXT”.

Figure 7

Step 8: Add the receiver’s address (refer to Figure 9) and select “NEXT”.

Figure 8

Receiver’s Bank Country




Receiver’s Full Name

DriveWealth LLC

Nick name

DW Broker

Would you like to provide SWIFT code or Routing Number?

SWIFT code



Account Number

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
  • Go to the Transfer tab, select  Add funds
  • Choose Indian Banks > View general bank instructions > Account number 

Bank Address

1111 Polaris Pkwy, Columbus, OH 43240

Receiver Address

15 Exchange Place, 10th Floor, Jersey City, NJ


Note – Bank name and country will be auto-filled

Figure 9

Step 9: An OTP will be sent to your mobile number. Enter the OTP and select “NEXT”. 

Figure 10

Step 10: Select “SEND MONEY” and with this step, the receiver will be added successfully.

Figure 11

Step 11: If you have already added a receiver, select “SEND MONEY”

Figure 12

Step 12: Enter the amount you wish to send and click on “Apply Code”

Figure 13

Step 13: Enter Vested’s promo Code VEST40 and click on “Apply”. This is a special promo code for Vested users. With this code, you will get an INR 1000 discount on the remittance service charge and a 40 paisa discount on the FX rate.

Figure 14

Step 14: Select “NEXT”

Figure 15

Step 15: Choose the purpose of sending money abroad as “Others” and select “NEXT”

Figure 16

Step 16: Select “Investment in Equity/Mutual Fund/Venture Capital” for the purpose.

Figure 17

Step 17: Chose specific sub-purpose as “Investment in Equity Shares”

Figure 18

Step 18: Chose the type of company as “Listed Company” and enter the name of the stock exchange as “NYSE”

Figure 19

Step 19: Select “DW Broker” as the receiver.

Figure 20

Step 20: Enter your Name and DriveWealth account number in the field “Ultimate Receiver’s Account Number”. Your DriveWealth account number is a 10-digit serial number that starts with a ‘V’ (for example: VSGD102XXX). You can get this from the Profile section in the Vested app.


Figure 21

Step 21: Select “Source of Money” from the dropdown menu, check all the boxes, and select “NEXT. If you want to read more about TCS on remittance and how it affects you, please refer to the note on this page.

Figure 22

Step 22: Review Payment details and select “CONTINUE TO PAYMENT”

Figure 23

Step 23: Fill in the card grid, then select “NEXT”.

Figure 24

Step 24: Fill in the OTP received on your phone number and select “NEXT”.

Figure 25

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, and 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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