OrbitRemit is not available for transfers from the United States. Compare similar services for your international money transfer.
Our Verdict
OrbitRemit is a good choice for larger transfers as there are no fees for transfers of $10,000 (or equivalent) or more. And for all other transfers, fees are fixed and generally kept low. But you’ll never get the mid market interest rate so check you’re happy before you proceed.
While you won’t be able to pay with card, you can make bank and POLi transfers. And your recipient can receive funds into a bank account or as a cash pickup in certain countries. Sadly, you can only use OrbitRemit to make transfers from Australia, New Zealand or the UK. If you’re not based in one of these countries,you’ll be forced to look elsewhere.
Once you place your transfer order, you will be shown the rate for your transaction. You can continue with the transfer by making a payment or you can cancel the order.
Orbit Remit claims to be able to offer low fees and competitive rates by operating with lower overhead costs than banks and other money transfer companies. Those savings are reflected in the amount that they charge their customers.
How much does it cost to transfer money with OrbitRemit?
Consider the fees before choosing a money transfer service for your international needs. Orbit Remit will charge the same fee for transfers from $60 to $9,900 but they will vary depending on the destination.
Fees vary depending on where you’re sending money from and where the transfer is going to. How much you send will make no difference in the fees charged unless you are sending money to China.
For example, if you’re sending from Australia, fees range from $0 to $10 AUD.
Minimum transfer amount and available countries
Orbit Remit is able to transfer money to over 19 different countries. Keep in mind that transactions are almost exclusively online, with cash pick up available only in Vietnam, Nepal and the Philippines.
There is a transfer minimum of $50 and a maximum of $9,900.
There are a number of countries where you will not be allowed to send money using this service.
Afghanistan
Burma
Canada
Cuba
Mexico
Libya
Iran
Iraq
North Korea
Russia
Guatemala
El Salvador
Honduras
Belize
Jamaica
South Africa
Brazil
What types of transfers can you send with OrbitRemit?
In addition to international transfers, Orbit Remit also can help you make recurring payments to another country. These include repayments of home loans, car payments and other bank loans. Once you have this set up, the funds will be sent to the payment account each month automatically.
Another perk with Orbit Remit is that there is no fee for the first time you use them, or for every tenth. If you are sending money overseas often, having fees waived can add up.
The registration and transfer process
In order to use Orbit Remit, you will have to first set up an account with them online. Enter your contact information to become a member, and then you will be able to log in and transfer money.
You will not be able to make payments using a credit or debit card. The only way Orbit Remit accepts payment is with an internet banking transfer. Once Orbit Remit receives your transfer through internet banking, the transaction will begin. Your recipient should receive the money in their account within two days.
What are the pros and cons of using OrbitRemit?
Pros
Convenient. With your account set up online, you can easily send money worldwide.
Fees. Not only are the fees set for each currency, the fee is waived on your first transaction and every tenth thereafter.
Customer service. Orbit Remit offers 24 hour service 7 days a week for helping you resolve any issues.
Competitive rates. Due to having their entire operation online, Orbit Remit is able to offer exchange rates that are competitive with other companies.
Cons
Bank transfers only. Having to transfer funds to Orbit Remit as opposed to using a credit card or debit card can take longer.
Limited cash pick up options. With the exception of a few select countries, there is no cash pick up option available.
What other products and services does OrbitRemit offer?
In addition to international transfers, Orbit Remit has services in place that can help you make payments directly. These include:
Inland Revenue Department (IRD) Payments. You can make your IRD payments to New Zealand in just a few minutes right from your account. There is no fee for this service and you only need to share your IRD information. Once you make the payment to Orbit Remit, the funds will be sent to your IRD account.
Court payments. For New Zealanders in Australia who have outstanding court fines, Orbit Remit will help you pay those quickly. All they need is your Party Profile Number (PPN) and your payment and they will transfer the money to the Ministry of Justice.
Bottom line
OrbitRemit is a simple money transfer service that does not offer an exhaustive list of options, but does have competitive rates and fees and a convenient online process.
Check other companies and banks that allow you to send money to your preferred country first and compare transfer services before deciding this if is the right one for you.
Compare international money transfer services like OrbitRemit
Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
How do you know if your international money transfer made it safely? Learn how to track or cancel, and find out what your rights are when it comes to sending money.
From bank transfers to specialist money transfer companies, there are several options available when you need to transfer money overseas from your bank account.
If you need to transfer money overseas using your credit card, you can do so via your bank, MoneyGram, Western Union and PayPal. This can be useful in emergency situations, but credit card transfers are usually not a cost-effective option.
If you’re looking for a secure way to send money overseas, an international bank draft could be for you — but if speed is important, consider using a money transfer service instead.
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