Unimoni adds a margin on top of the mid-market exchange rate before selling currency to its customers. The mid-market rate is the “real” exchange rate you see listed on Google and Reuters.
The company also charges a transaction fee on all transfers, which varies depending on where you’re sending money and the type of transfer you select.
Available currencies
Unimoni allows you to transfer money to more than 190 countries. Supported currencies include:
INR Indian rupees
PHP Philippine pesos
PKR Pakistani rupees
LKR Sri Lankan rupees
BDT Bangladeshi taka
USD US dollars
EUR Euros
GBP British pounds
What types of transfers can you make with Unimoni?
Unimoni offers two types of transfers for Canadian customers:
Online money transfer. You can send a transfer directly to your recipient’s overseas bank account through the Unimoni website or mobile app. Unimoni’s also offers FLASHremit service transfers to bank accounts in select countries.
Cash payout. You can send an instant cash transfer to 200,000 cash collection locations around the world. This service is offered in conjunction with Xpress Money and MoneyGram. Your recipient can collect the funds by visiting the nominated cash pick-up location and providing photo ID and the transaction reference number.
How long does a transfer with Unimoni take?
Transfer speeds will vary depending on the delivery method you’ve selected.
Cash payout transfer. Almost immediately
Bank account transfer. 2–3 business days
Which payment methods does Unimoni accept?
There are three ways to pay for your transfer with Unimoni:
Internet transfer
BPAY
POLi Payments
Is Unimoni safe to use?
Regulation: Regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Established: 1980
Customers: 15 million
Reviews: Trustpilot TrustScore of 9.6/10 from 927 reviews
Security: 128-bit SSL encryption used
*According to Unimoni and Trustpilot on 12 February 2019
Unimoni Canada is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Unimoni is part of UAE Exchange Group (UX Holdings Limited), which is a company incorporated under the laws of Dubai International Financial Centre.
Unimoni guarantees the safety of your money and information when sending an online transfer. It uses SSL encryption to secure transactions and Unimoni Canada is reportedly monitored by Norton Secured powered by VeriSign.
Country
Regulated by
Canada
Financial Transactions Reports Analysis Centre of Canada (FINTRAC)
Australia
Australian Securities and Investments Commission (ASIC) and Australian Transaction Reports and Analysis Centre (AUSTRAC)
Bahrain
Central Bank of Bahrain (CBB)
Fiji
Reserve Bank of Fiji
India
Reserve Bank of India
Kenya
Central Bank of Kenya
Kuwait
Central Bank of Kuwait
Qatar
Qatar Central Bank
Rwanda
National Bank of Rwanda
Seychelles
Central Bank of Seychelles
UAE
Central Bank of the UAE
Uganda
Bank of Uganda
United Kingdom
Financial Conduct Authority (FCA)
Zambia
Bank of Zambia
How does Unimoni make money?
Unimoni makes money in two ways:
By charging a nominal fee on all transfers
By adding a margin on top of the mid-market exchange rate. This margin is commonly between 0.5% and 1%, but can be higher in some cases.
How to register an account
Visit the Unimoni website and click the “Sign up” link in the top right corner of the screen.
Click the “New User” tab and provide your name, mobile number, email address and password. You’ll also need to verify that you’re 18 years or older and agree to the terms and conditions and privacy statement.
You can then verify your account by uploading proof of ID and a proof of address document from your account. Look for the “Upload Documents” tab on the menu at the left of the screen to complete this step.
How do I make an international money transfer with Unimoni?
Here’s what you’ll need to do to send money overseas with Unimoni:
Visit the Unimoni website and log in to your account.
Choose whether you want to send a bank transfer or a cash payout transfer.
Add your recipient’s name, contact details and bank account details (if required).
Enter the amount and currency you want to send.
Choose your payment method.
Review all transaction details and click “Send” to finalize your transfer.
What is Unimoni?
Unimoni is a global money transfer, foreign currency exchange, credit solutions and payment provider. It is part of the UAE Exchange group of companies, which was founded in 1980 and has its headquarters in Abu Dhabi. The group operates in 31 countries around the world and has served more than 15 million customers.
In Canada, UAE Exchange and Money2Anywhere were re-branded to the Unimoni Canada moniker in 2018.
In a nutshell
Pros
Competitive exchange rates. Use Unimoni’s online exchange rate calculator to see how its rates compared to those offered by other transfer services.
Payout options. You have the flexibility of sending either a bank account deposit or cash pick-up transfer.
Easy to use. Unimoni’s online platform is easy to navigate and use.
Wide range of currencies supported. Unimoni allows you to send overseas transfers to more than 110 currencies.
Cons
Limited fee information. If you want to calculate the fees and charges that will apply to your transfer, you’ll first need to sign up for a Unimoni account.
Can only pay from your bank account. If you want to pay for your transfer with your credit/debit card or cash, you’ll need to consider using a different transfer service.
How does Unimoni compare to other providers?
Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio
An international money order may not be the best option for sending money overseas. Learn more about money orders in Canada, and find out about other ways to transfer funds abroad.
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