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Review: Remitbee international money transfers May 2022

Send money overseas with Remitbees's range of payment options, including bank transfer and card.

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Quick verdict

Good for
  • Low fees
  • Competitive exchange rate
  • Easy refunds
Not so great for
  • Number of currencies available
  • Large transfers

Remitbee exchange rates and fees

Remitbee updates its exchange rates regularly to keep up with changes in the market and these rates compare favourably to rates from other providers and the banks.

The fees you’ll pay depend on how much money you’re sending, as well as whether you’re paying from your Remitbee wallet, or with a debit or credit card. Compare fees in the table below to get a better idea of what your transfer will cost.

AmountWalletInteracVisa or Mastercard Debit
$0-$500$2.99$2.99$8.99
$501-$1000Free$2.99$8.99
$1001-$1500Free$2.99$14.99
$1501-$2000Free$2.99$19.99
$2001-$2500Free$2.99$24.99
$2501-$3000Free$2.99$29.99

Available currencies

Remitbee sends money to over 45 countries worldwide – popular currencies include:

  • INR Indian rupee
  • PHP Philippine peso
  • USD United States dollar
  • EUR Euro
  • GBP British pound
  • JPY Japanese Yen
  • SGD Singapore dollar
  • THB Thai baht

What types of transfers can you make with Remitbee?

Although it varies from country to country, Remitbee offers a range of ways you can send money, including:

  • Mobile wallet. Send to your recipient’s smartphone wallet. This option is helpful if your recipient doesn’t have a bank account and isn’t near a cash pick-up location.
  • Cash pick-up. You can send money to a cash pick-up location for your recipient to collect in person. If you choose this option, the person picking it up will need valid photo ID on hand and the reference number.
  • Bank transfer. The money will be deposited directly in the bank account you choose. You’ll need to know their SWIFT code as well.
  • Door-to-door delivery. Instead of picking up the cash at a fixed location, this option means your cash is delivered physically to your recipient’s home.

How long does a transfer with Remitbee take?

Most transfers with Remitbee will arrive in 1 – 3 business days, depending on how you’ve paid for it and whether your account needs to be verified.

Transfers typically takeClock icon for transfer speed

1 business day

What payment methods does Remitbee accept?

You can pay for your transfer with Remitbee through a bank transfer or a card.

If you’re sending through debit or credit card, you’ll pay higher fees than if you use your Remitbee wallet (which offers free transfers above $500).

Is Remitbee safe to use?

  • Security and regulation: 256-bit SSL encryption
  • Established: 2014
  • Reviews: Trustpilot gives Remitbee a score of 9.5 out of 10, based on around 50 reviews*
  • Investor: 500 Startups
*According to Remitbee and Trustpilot on 6 February 2019

How does Remitbee make money?

Remitbee makes money by charging a small fee and a margin on the exchange rate. The fee depends on if you’re paying through a bank transfer or a debit/credit card (check fees for your transfer).

Remitbee, like most other providers, also adds a margin onto the exchange rate. This is why the exchange rate you get quoted varies from company to company, and also from what you can see on Google or XE.

For example, a provider may quote you CAD$1= PHP 36.99 for a money transfer to the Philippines, while the rate you can see on Google is CAD$1 = PHP 38.12. This difference is the margin and it’s how providers cover their own fees.

How to create a Remitbee account and send your first transfer

You can sign up for Remitbee for free, and use a piece of ID to verify your account. Then all you need to do is add your recipient details, figure out how you want to make your payment and away you go.

You can also track your transaction from start to finish using your tracking ID.

    What is Remitbee’s background?

    Remitbee was launched in 2014 as a challenger to the cost of remittances traditionally associated with the banks. It only operates out of Canada and is a comparatively low-cost way to send money to over 45 countries around the world.

    In a nutshell

    Pros

    • Competitive fees. The fees are generally quite a lot less than what you’ll find at your bank.
    • Easy-to-use website and app. We were able to sign up and start a transfer in about five minutes.
    • Several payment options. You can pay through direct debit from your bank or a credit or debit card.

    Cons

    • Limited maximum transfer. You can only send $3,000 per day for a verified account (and only $995 for unverified).
    • Low monthly transfer. You can’t send more than $25,000 per month.
    • Fewer countries and currencies. They’re aiming to add more to the list but for now you can only send money to 45 countries.

    How does Remitbee 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.
    1 - 16 of 16
    Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
    OFX
    24 hours
    From $15

    View details
    Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
    OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
    TorFX
    24 hours
    $0

    View details
    TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
    TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
    CurrencyTransfer
    24 hours
    $0

    View details
    CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
    XE Money Transfers
    Within minutes
    $0

    View details
    XE has fast transfers with low fees and a range of foreign currency tools.
    Simplii Financial
    Within minutes
    $0

    View details
    Up to $300 off your first Global Money Transfer with our code.
    Send money without fees and at competitive exchange rates to 130+ countries.
    Wise (TransferWise)
    24 hours
    From 0.35%

    View details
    Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
    Remitly
    Within an hour
    $1.99

    View details
    Special offers like free transfers and better exchange rates available for new customers.
    Remitly has quick, affordable transfers around the world, with both express and economy options.
    Dunbridge Financial
    24 hours
    $0

    View details
    Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
    Africhange
    Within an hour
    $0

    View details
    Send money in CAD to Africa on this blockchain and P2P powered provider.
    XE Money Transfers
    Within minutes
    $0

    View details
    XE has fast transfers with low fees and a range of foreign currency tools.
    Wise (TransferWise) - Under 10k
    24 hours
    From 0.35%

    View details
    Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
    Remitly
    Within an hour
    $1.99

    View details
    Special offers like free transfers and better exchange rates available for new customers.
    Remitly has quick, affordable transfers around the world, with both express and economy options.
    InstaReM
    24 hours
    From $0

    View details
    Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
    InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
    Simplii Financial
    Within minutes
    $0

    View details
    Up to $300 off your first Global Money Transfer with our code.
    Send money without fees and at competitive exchange rates to 130+ countries.
    WorldRemit
    417 days

    View details
    Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
    XE Business Transfers
    XE Business Transfers
    Within minutes
    $0

    View details
    XE Money Transfer can help your business unlock international transfers. Forward contract and limit order options available.
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