Transfers typically take
PassTo money transfer review
Send money to more than 50 countries using digital money transfer service PassTo.
- Great for fast transfers to a variety of countries.
- Not so great if you are looking to send large amounts.
Check out our full list of pros and cons or read on.
Details
Product Name | PassTo |
---|---|
Pay By | Credit card, Debit card, Bank transfer |
Receiving Options | Cash pickup location, Bank account, Mobile wallet |
Customer Service | Phone, Live chat, Email |
Available Currencies | BDT, CNY, CZK, DKK, EUR, GBP, GHS, HUF, INR, KES, LKR, MAD, MYR, NOK, NPR, PHP, PKR, PLN, SEK, SGD, THB, UGX, USD, XAF, XOF, ZAR, ZMW |
Bank Account Required? | No |
Personal Account Manager? | No |
PassTo is a digital banking platform that specialises in international money transfers. Officially launched in December 2019, it looks to send money worldwide in real-time at affordable prices. Your first two transfers with PassTo are free, and after that, there is a fixed fee. Meaning it’s easier to calculate the cost of your transfer. Keep in mind though, that PassTo only facilitates online transfers through its app. So if you are looking for a wider variety of transfer options, it is probably best to look at some of the bigger money transfer providers.
Why should I consider PassTo?
- Easy to use. With a slick app, PassTo harnesses the power of digital banking to make the money transfer experience painless.
- Variety of currencies. Same day or next working day transfers available to numerous destinations.
- One-to-one customer support. You can send money to over 50 countries worldwide in various currencies.
- Fast transfers. Most transfers are delivered within a few minutes, or same day or next business day to other destinations.
- Referral reward. Earn £50 when you refer 3 friends who then make a successful transfer of at least £200 each.
What do I need to be aware of?
- App only. The only way to make a money transfer with PassTo is through its mobile app – although a web browser version will be available soon.
- Transfer limits. You can send up to £2,000 a day for most countries, and a maximum amount of £10,000 per month and £50,000 per year.
How much are PassTo’s international transfer fees?
PassTo’s fees are variable depending on delivery method and destination. There is also the added bonus that your first two transfers with the provider are free.
How are PassTo’s exchange rates?
It’s important to remember that you can expect to also pay a margin on your exchange rate. This is when a provider adds a markup to the mid-market rate. However, PassTo has developed an algorithm that compares rates between a number of remittance providers in order to offer competitive prices. Within the app, you can also view historical FX rates to get a better picture of how the rates stack up against other providers.
What are the ways I can send money abroad with PassTo?
PassTo has expanded its services to support bank transfers, sending money for cash pickup or to a mobile wallet. Customers can send Airtime Top-ups to more than 150 countries around the globe in real-time.
What payment methods does PassTo accept?
You can pay for your PassTo money transfer via instant bank transfers or by a credit or debit card. Apple and Google Pay will be available soon.
How long does an international transfer with PassTo take?
PassTo aims for most transfers to be completed in real-time or during the same day. Just be aware, there are certain destinations where transfers could take a bit longer. If this is the case, PassTo will give you an expected delivery time when you submit your transaction.
Making an international money transfer with PassTo
You will first need to create an account on PassTo’s mobile app. This can be done in under two minutes. All you need to provide is your email address, name and phone number. After that, just follow these four simple steps:
Is PassTo safe to use?
PassTo is authorised and regulated by the Financial Conduct Authority. It has two-factor authentication to keep your account information safe and deploys the latest technology to detect any unusual or fraudulent activity.