Review: Unimoni international money transfers

Unimoni lets you send money to more than 190 countries, but you’ll need to create an account to find out what transaction fees apply.

Quick verdict

Good for
  • Wide range of supported currencies
  • Bank transfers and cash payouts
  • Competitive rates
  • Easy to use
Not so great for
  • Paying by credit/debit card
  • Transparent fee information

Unimoni exchange rates and fees

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:

  1. 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.
  2. 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.

  1. Cash payout transfer. Almost immediately
  2. 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.

How does Unimoni make money?

Unimoni makes money in two ways:

  1. By charging a nominal fee on all transfers
  2. 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

How do I make an international money transfer with Unimoni?

Here’s what you’ll need to do to send money overseas with Unimoni:

  1. Visit the Unimoni website and log in to your account.
  2. Choose whether you want to send a bank transfer or a cash payout transfer.
  3. Add your recipient’s name, contact details and bank account details (if required).
  4. Enter the amount and currency you want to send.
  5. Choose your payment method.
  6. 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?

If you want to see how Unimoni’s fees and exchange rates stack up against the competition, check out the comparison table below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 0 Within an hour CAD 3.99 0.749 USD
3,744
Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 0.752 USD
3,726
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
CAD 2,000 1 day CAD 0.00 0.738 USD
3,688
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider. Go to site Show details
USD 150 1 day CAD 15.00 0.74 USD
3,689
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
CAD 0 1 day CAD 0.00 0.749 USD
3,743
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
CAD 5 1 - 2 days EUR 3.00 0.741 USD
3,703
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
USD 250 1 day CAD 0.00 0.744 USD
3,722
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies.
Go to site Show details

Compare up to 4 providers

The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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