WorldRemit - Zero Fees on Your 1st Money Transfer
You first transfer is free with WorldRemit when you use this coupon code. Send to 140+ countries.
Coupon code ends
Check out our full list of pros and cons below.
Min. Transfer Amount
Max. Transfer Amount
|Product Name||WorldRemit International Money Transfers|
|Min. Transfer Amount||SGD 1|
|Max. Transfer Amount||SGD 50,000|
|Transfer Methods||Online, Bank Account to Bank Account, Cash Transfer|
|Transfer Options||One off payments|
Minimum transfer time
|Customer Service||Phone, Email|
|Available Currencies||AED, ALL, AMD, ANG, 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, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MVR, MWK, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, YER, ZAR, ZMW, ZWD|
|Online Transfer Fee||SGD 3.99|
|Exchange Rate Updates||Daily|
WorldRemit updates its rates daily to reflect changing market conditions and these rates generally compare favourably to the rates available from other providers and banks.
The fee you’ll be paying depends on the amount you send, where you send it and how your recipient will access the money.
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 140 countries worldwide, although the transfer types vary depending on the country. Some of the more popular currencies that WorldRemit lets you send to are:
Although it varies from country to country, WorldRemit offers a range of ways you can send money, including:
Generally speaking, most transfers with WorldRemit arrive almost instantly. Some kinds take longer, depending on how you’ve paid for it and what the transfer type is.
For example, if you pay by card, it may take longer while your card is authorised. If you choose home delivery as your delivery method, it can take from between 24 hours and seven days, depending on your location. With a bank transfer, it depends which banks are involved – instant transfers are an option for a selected group of banks.
Transfers typically take
You can pay for your transfer with WorldRemit through a bank transfer or card. If you’re sending through debit or credit card, you can’t send more than S$8,000 at a time. You can also pay via Apple or Android Pay, but the same limit per transaction applies.
WorldRemit is regulated in Australia by ASIC (the Australian Securities and Investments Commission), 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.
WorldRemit makes its money off both fees and the margin 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, a provider may quote you 1 SGD = 36.99 PHP for a money transfer to the Philippines, while the rate you can see on Google is 1 SGD = 38.12 PHP. This difference is the margin and it’s how providers cover their own fees.
You can sign up with WorldRemit online and, as soon as you’re verified, can make transactions quickly and easily.
WorldRemit was launched in 2010 by Somali migrant Ismail Ahmed while he was studying in London. It aims to be a low-cost alternative to services like MoneyGram and Western Union, with the whole transfer taking place online.
WorldRemit has a focus on mobile transfers and sends money to more than 145 countries. Its headquarters are in London, with other offices in Sydney, the US, Canada and New Zealand.
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.
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