WorldRemit money transfer review
Min. Transfer Amount
Max. Transfer Amount
Within an hour
|Product Name||WorldRemit International Money Transfers|
|Min. Transfer Amount||CAD 0|
|Max. Transfer Amount||CAD 40,000|
|Transfer Methods||Online, Bank Account to Bank Account, Cash Transfer|
|Transfer Options||One off payments|
Minimum transfer time
|Within an hour|
|Customer Service||Phone, Email|
|Available Currencies||AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, BYN, CAD, CDF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, LAK, LBP, LKR, LRD, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XOF, ZAR, ZMW|
|Online Transfer Fee||CAD 3.99|
|Exchange Rate Updates||Daily|
- No minimum transfer amount
- Large range of destinations
- Competitive exchange rate
- Significant amount of transfer fees as amount goes up
- Maximum amounts apply when sending
How it works
WorldRemit simplifies the money transfer process by taking money transfers online — you can initiate a transfer on your computer, smartphone or tablet. And all fees and exchange rates are displayed upfront, so you know exactly what you’ll pay.
WorldRemit offers the flexibility of paying from your bank account or with a credit or debit card, and your recipient can receive the funds as a bank account or mobile wallet deposit or pick it up as cash from one of more than 30,000 agent locations worldwide.
Learn more about:
How much does it cost to transfer money with WorldRemit?
WorldRemit offers guaranteed exchange rates when you need to send money overseas. These rates are updated daily to reflect changing market conditions and generally compare favorably to the rates available from major Canadian banks. Compare WorldRemit’s exchange rates with those of your bank to see how they stack up against each other.
The fee you’ll pay to send your money overseas with WorldRemit depends on the amount that you send, where you send it and how your recipient will access the money.
For example, you’ll pay $3.99 CAD for a bank deposit of $1,000 to France, while sending the same amount via bank transfer to India will run you $6.99 CAD.
Calculate your transfer with WorldRemit
Choose your currency and desired transfer amount (minimum $0.01 CAD, maximum $40,000 CAD). Exchange rates change frequently, so visit WorldRemit’s site to get a final quote.
Calculate how much sending money overseas would cost with WorldRemit by using our tool below. You can also check out the real-time exchange rate WorldRemit offers and if there are any additional fees.
WorldRemit sends money to over 145 countries worldwide, although the transfer types vary depending on the country. Some of the more popular currencies that WorldRemit lets you send to are:
- INR Indian rupee
- VND Vietnamese dong
- GBP British pound
- PHP Philippine peso
- LBP Lebanese pound
- EUR Euro
- LKR Sri Lankan rupee
- THB Thai baht
What types of transfers can I make with WorldRemit?
Although it varies from country to country, WorldRemit 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. 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.
- Airtime top-up. This is used when you want to send money directly to your recipient’s mobile to top up their pre-paid plan. Credit top-ups are often instant. Quite a few of WorldRemit’s countries only offer airtime top-up.
- Door-to-door delivery (currently only available for transfers to Vietnam). Instead of picking up the cash at a fixed location, this option means your cash is delivered physically to your recipient’s home. The recipient must present valid ID as well as the WorldRemit transaction reference number or the driver will not give them the cash.
Unfortunately, WorldRemit does not offer the flexibility of rate locks, forward contracts or recurring transfers.
Pros and cons of using WorldRemit
- 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.
- No minimum transfer. With no minimum, WorldRemit is best suited to smaller transfers.
- Flexible options. You can pay with a range of options including card, bank transfer or Android Pay. Your recipient can also receive the money in a number of ways.
- Worldwide network. Customers in 50 countries can send funds to more than 145 countries, providing global access when you need to transfer money abroad.
- Limited maximum transfer. You can’t send more than $4,000 CAD at a time if you’re using card or Apple/Android Pay, and you can’t send more than $40,000 CAD in a single 24-hour period.
- Some payment methods not accepted (including cash). Currently, you cannot pay for international money transfers using cash, AMEX, Diners Card or Union Pay.
- Government-issued ID required.After your first transfer, you’ll need to upload a copy of your license or passport, which could deter those without one. If you’re sending $1,000 CAD or more, you will be required to upload additional documentation.
- No live-chat. If you have questions, you’ll either need to call or fill out an online form.
How does WorldRemit compare to other services?
Our table below shows you the fees and exchange rates you can expect from other money transfer specialists. Compare WorldRemit to the other providers below to see if it’s the best option for you.
Check out what we think about WorldRemit compared to these other popular money transfer service providers:
- MoneyGram vs. WorldRemit
- WorldRemit vs. Paypal
- WorldRemit vs. TransferWise
- WorldRemit vs. XE
- WorldRemit vs. WorldFirst
- WorldRemit vs. Sendwave
- WorldRemit vs. Xoom
How long does a transfer with WorldRemit take?
For example, if you pay by card, it may take longer while your card is authorized. If you choose home delivery as your delivery method, it can take from between 24 hours and 7 days, depending on your location. Bank transfers are often completed within 1 day, but it can vary depending on which banks are involved. Instant transfers are an option for a selected group of banks.
Transfers typically take
If sending money from Canada using WorldRemit, you can pay by the following methods:
- Debit card
- Credit card
- Prepaid card
- Apple Pay
- Android Pay
You can only send up to $40,000 CAD during any 24-hour period and no more than $4,000 CAD at any one time. Note that you cannot pay using cash, AMEX, Diners Card and Union Pay.
If you’re sending $1,000 CAD or more, you will be required to upload additional documentation, which can include your Canadian driver’s license, Canadian passport, or Canadian residence permit. You’ll also need to provide proof of residency as well in the form of a utility bill, electric bill, water bill or some similar document.
Is WorldRemit safe to use?
- Security and regulation: Government regulated, can enable 2-factor authentication
- Established: 2010.
- Number of customers: Over 4 million.*
- Reviews: TrustPilot gives WorldRemit a score of 9.2 out of 10, based on over 26,000 reviews*
- Investors: Accel, TCV, LeapFrog
WorldRemit is regulated in Canada by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), which regulates finance companies. This means WorldRemit has to keep its clients’ money separate from its own funds, so you’re protected if WorldRemit runs into financial difficulties.
Two-factor authentication is a setting you can put on your account which requires two types of verification when logging in. This adds another layer of protection against anyone trying to hack into your account.
How does WorldRemit make money?
WorldRemit makes its money off of both fees and the margin it charges on exchange rates. The fee varies from currency to currency, but most are around the $3.99 mark.
WorldRemit, 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, WorldRemit may quote you CAD$1= PHP 38 for a money transfer to the Philippines, while the rate you can see on Google is CAD$1 = PHP 38.70. In this case, WorldRemit is pocketing 0.70 PHP for every Canadian dollar you send (only about 1.84% of the total transfer amount) in order to cover the cost of operating. This is a common revenue-gathering practice among money transfer companies.
WorldRemit does not charge any additional fees based on your particular payment method, however, your bank or card issuer might charge foreign conversion fees if your payment is from outside of Canada (as would be the case if you pay with a credit card from another country).
How do I use WorldRemit?
Before you send money with WorldRemit, make sure you have the following information:
- A valid payment method. Your bank account, credit card or debit card information. You can also pay with Apple Pay and Android Pay (see payment methods).
- Your recipient’s name and contact information. If you’re transferring money to a bank account, you’ll also need the recipient’s bank information including the correct bank account number.
It’s helpful to create an account before initiating a transfer, but you can enter your transfer info into the website first to learn just how much the transfer will cost.
How to transfer your money with WorldRemit
Tracking your order
- Fast money worldwide in minutes. Your recipient can pick up cash from one of 30,000 agents on completion of your transaction. Bank account transfers are available by the following day.
- Track your money through text. Through SMS or text updates, you’ll know when your money is both sent and received.
- Contact customer service. If you need assistance, WorldRemit is available 24/7 toll-free at (English) 1-888-772-7771 or (French) 1-888-961-4869 or you can fill out a contact form online.
WorldRemit is a solid option for affordable, fast and safe money transfers around the world. To find the best provider, compare a range of money transfer providers before committing your funds to the transaction.
Frequently asked questions