OrbitRemit international money transfers
Fast online transfers in more than 20 currencies, with no fees when you send £10,000 or more.
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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.
Available currencies
OrbitRemit lets you send money overseas in more than 20 currencies, including the following:
- EUR Euro
- AUD Australian dollar
- BDT Bangladeshi taka
- INR Indian rupee
- IDR Indonesian rupiah
- NZD New Zealand dollar
- PHP Philippine peso
- USD US dollar
What types of transfers can you make with OrbitRemit?
OrbitRemit is an online transfer service that supports one-off and recurring transfers. There are two types of transfers available:
- Bank account transfers
- Cash pick-up transfers (only available when sending funds to the Philippines or Vietnam)
How long does a transfer with OrbitRemit take?
OrbitRemit can transfer funds within 24 hours, but transfer times vary depending on where you are sending your money.
While transfers to some destinations, such as New Zealand and India, are completed within one working day, most transactions will take one to three working days.
What payment methods does OrbitRemit accept?
There are two options to choose from when paying for your transaction:
- Bank transfer
- POLi transfer
Is OrbitRemit safe to use?
- Regulation: Regulated in several countries.
- Established: 2008.
- Reviews: Rating of 4.9/5* from 26,000+ reviews on Trustpilot (as of 30 August 2022).
OrbitRemit is registered as an authorised payment institution (API) with the Financial Conduct Authority (FCA) in the UK. It’s also regulated down under by the Australian Securities & Investments Commission (ASIC) and is registered as a remittance provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). All client funds deposited with OrbitRemit are kept in a segregated account that is kept separate from OrbitRemit’s own operating funds.
How does OrbitRemit make money?
OrbitRemit makes money in two ways:
- It charges a flat fee of £2 on all transfers except those for £10,000 or more.
- It adds a margin on top of the mid-market exchange rate. The mid-market rate is the “real” exchange rate you see listed on currency conversion sites and is the rate at which banks buy and sell currency from one another.
How to register an account
It’s free to sign up for an account with OrbitRemit by completing the following steps.
How do I make an international money transfer with OrbitRemit?
You can send an international transfer with OrbitRemit by completing the following steps:
- Visit the OrbitRemit website and log in to your account.
- Once the deposit has cleared, log in to your CurrencyFair account and click the “Exchange” menu.
- Enter the amount of money you wish to send and the currency your beneficiary will receive.
- Either select an existing recipient or create a new recipient by providing their name and bank account details.
- Review the details of your transfer, including the amount being sent, the exchange rate, the transfer fee and your recipient’s details.
- Choose your payment method and finalise the transfer.
What is OrbitRemit?
Founded in 2008, OrbitRemit is a global foreign exchange service that offers international money transfers to 39 countries. Headquartered in New Zealand, the company provides transfer services to customers in New Zealand, Australia and the UK. Its mission is to provide fast and secure payments to friends and family overseas, but it also offers business transfers.
In a nutshell
Pros
- Bank-beating rates and transparent, fixed fees. OrbitRemit’s exchange rates are significantly better than those on offer from major banks. It also offers a simple and straightforward fee structure, plus fee-free transfers when you send £10,000 or more.
- 24-hour customer service. If you need help with a transaction, OrbitRemit offers 24-hour phone and live chat customer support.
- Easy to use. The online transfer service is quick and easy to use with an intuitive user interface.
- Transfer app available. If you want to send money overseas from your smartphone, OrbitRemit offers an app for Android and Apple devices.
Cons
- Limited payment methods. You can’t pay for your transaction using a credit card, debit card or cash.
- Cash pick-ups only available in Vietnam and the Philippines. If you’re sending funds anywhere other than these two destinations, cash pick-ups are not available.
How does OrbitRemit compare to other providers?
Table: sorted by promoted deals first
Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
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Ask an Expert
Hi, a quick question…..I take it that you can use this service to keep your money in the UK banks while living abroad and sending money to yourself to the bank of your choosing?
Hi Tim,
Thanks for your question.
Yes, OrbitRemit allows you to send from your UK bank account to a recipient’s bank account.
You may also check this page to compare your other money transfer options.
Cheers,
Anndy