How does RemitWisely work?
Anyone over the age of 18 is able to apply for an account with RemitWisely and send money internationally. If you need to send money internationally, you simply pay RemitWisely via a range of payment options and it will ensure your money is delivered to your recipient in a fast and secure manner.
What money transfer services are available?
RemitWisely offers four different options for transferring money overseas.
- Bank transfer. You can transfer money to your recipient’s bank account. This may take 1-3 days to arrive depending on your recipient’s local bank.
- SWIFT transfer. This is a faster way to send funds to your recipient’s bank account and will take between 10 minutes and 24 hours.
- Cash pickup. If your recipient needs cash, you can pay RemitWisely and your recipient can pick up the cash from a number of collection points around the world.
- Digital wallet. You’re able to transfer funds, in real-time, directly to your recipient’s digital wallet.
What are the features and benefits of RemitWisely international money transfers?
Check the features offered by RemitWisely and compare them against other money transfer services to find the solution that best meets your needs.
Send to 200+ countries
Send money online to over 200 countries around the world from the comfort of your living room.
There is a mobile app available for download through Google Play or through the Apple App Store.
You can choose to do a SWIFT transfer and your recipient will receive the funds in as little as 10 minutes. You can also select the Bank Priority option to ensure same day transfers.
Competitive exchange rates
RemitWisely offers competitive exchange rates that are guaranteed to beat the rates offered by your bank.
Four options to send money
You can send money via a bank-to-bank transfer, a SWIFT transfer or directly to your recipient’s digital wallet. You can also arrange for a cash pickup.
To ensure your money is safe and secure, there is a two-factor authentication process required to login to your account.
Minimum and maximum transfer amounts
The minimum transfer amount is US$10 and the maximum is US$8,000 per single transaction.
Range of payment methods
You can choose to make a payment through a standard bank transfer, through an EFTPOS transaction via Visa or Mastercard, PayPal, Apple Pay or Android Pay (coming soon).
What are the pros and cons of using RemitWisely?
- Better exchange rates than the banks
- Range of options to send money
- Range of payment methods available
- Mobile app available
- Fee applies to all transfers
- Max transfer limit of $8,000
How much does it cost to transfer money?
RemitWisely charges a transfer fee on each transaction. These fees range from as little as $2 to $20 for larger transactions. Make sure to check the website and use the transfer calculator to see how much the fee will be for your specific transaction. The exchange rate offered will also affect how much the transfer costs you. To determine the exact cost, you can check the current rates on their website.
RemitWisely is currently running an offer to waive transfer fees on your first transaction when you sign up for an account.
Currency exchange rates offered by RemitWisely
The below rates are indicative only and are correct as of 5 June 2017. Remember to check the rates on the day you will be making your transfer.
|Currency||Currency Code||Exchange Rate by RemitWisely|
|Hong Kong dollar||HKD||5.77869|
|New Zealand dollar||NZD||1.03962|
|South African rand||ZAR||9.52355|
Rates correct at 12:15pm 5 June 2017
What do I need to register for an account with RemitWisely?
You can open a personal or business account depending on your currency exchange and money transfer needs. You can sign up for an account online in less than 15 minutes for free. There is no obligation for future transactions once you’ve signed up. To get started, click on the “Apply now” button on this page.
You will be taken to the RemitWisely site where you can begin the application process by clicking on “Register”. For your application, you will need to have your personal details including contact information, address and identification handy.