Review: Small World money transfers
A worthwhile option for exotic currencies, flexible options and fast transfers.
- Good for superfast transfers and flexible payment options
- Not so good if you’re looking for immediate 24/7 customer service
Small World says it’s on a journey to make a big world small for its customers across the world. With a network of more than 250,000 pick-up locations across 190 countries, a multilingual team of agents and a vast range of payment options, it’s a worthwhile choice if you want flexibility and fast transfers. Exchange rates are competitive and fees are too, although they vary depending on how and where you’re sending the money.
Registration is free, although it took a bit longer than some of Small World’s competitors to get through the compliance process. But with its speedy delivery and many payment choices for both sender and recipient, Small World is worth considering.
Why should I consider Small World?
- Fast transfers. Small World claims that payments are typically delivered in 15 minutes.
- Multiple transfer options. You can even transfer money to a mobile wallet.
- Send any amount. No minimum or maximum transfer limits.
- Competitive exchange rates. Get a good deal for your transfer.
- Reputable service. With over 100 million transactions under its belt, Small World offers a global service with multilingual support.
What to watch out for
- No 24/7 support. The customer service team may take a while to get back to you and it’s not open on Sundays.
- Potentially lengthy compliance process. It took a while for my ID to be confirmed in the registration process.
Small World’s exchange rates and fees
Small World makes its money from transfer fees and by padding the exchange rate for a profit.
Fees depend on where you’re sending money and how it’s sent and received. Online transfers are cheaper than bank-to-bank transfers and cash transfers are the most expensive option. But it often offers discounts for first-time users, such as your first transfer for free.
Which currencies can I send with Small World?
Small World offers transfers to 190 countries, but some of the most popular currencies include:
- COP Colombian peso
- CUP Cuban peso
- DOP Dominican peso
- EUR euro
- INR Indian rupee
- PHP Philippene peso
- PKR Pakistani rupee
- USD US dollar
Is Small World safe to use?
Small World is authorised by the Financial Conduct Authority (FCA) in the UK.
- Part of the FCA’s regulation requires Small World to keep its customers’ funds separate from its own, in order to protect its users’ money if the company runs into financial difficulties.
- It claims to handle more than 1 million transactions a month and have more than 15 million customers worldwide.
What Small World’s reviews say
- Trustpilot: 4 out of 5 based on 5,705 customer reviews.
Reviews accurate as of 8 September 2020.
77% of these reviews were rated as “excellent” or “great”, while 17% were rated “poor” or “bad”. Complaints were mainly about slow customer service and slow transfers. Small World’s customer care team answers these complaints on Trustpilot.
Which payment methods does Small World accept?
You have a range of payment choices, including debit card, credit card, bank transfer, cash, Ideal, Sorfort and ACH.
What are the ways I can send money with Small World?
There’s also a huge range of choices for how you want your recipient to get the money.
- Cash pick-up: Send money to over 250,000 pick-up locations.
- Bank deposit: Transfer money to bank accounts in over 90 countries.
- Home delivery: Get cash delivered to a home address.
- Mobile top-up: Send mobile airtime.
- Cash card reload: Top up a prepaid cash card.
What do I need to send money online through Small World?
To send money through Small World, you’ll need the following:
- A Small World account. It’s free to register for a Small World account and should only take a few minutes.
- Valid payment. You have the choice of paying for your transfer by debit card, credit card, bank transfer, cash, Ideal, Sorfort or ACH.
- Recipient’s name and contact information. To make sure your transfer goes smoothly, have your recipient’s legal name, bank account information and contact information ready when setting up your transfer. The recipient will also need to bring their matching ID if they’re picking the money up.
- Valid identification. This usually must include your photograph, your full name and date of birth. Typically accepted forms of ID include:
- UK or international passport
- UK driver’s licence
How do I make my first transfer with Small World?
Here’s how to make your first transfer online:
- Create an account. It’s free and quick to register and you’ll then have access to your online transfers dashboard.
- Arrange your transfer. Give your recipient’s legal name, bank account information and contact information, then choose which way you want them to receive the money.
- Pay for your currency. You can pay by debit card, credit card, bank transfer, cash, Ideal, Sorfort or ACH.
- Transfer complete. Small World will send your money to the recipient and you can opt to receive a payment confirmation as soon it has been sent.
You can also arrange the transfer over the phone on 020 7123 456 or in one of Small World’s 11 branches (1 in Birmingham and 10 in London).
My experience with signing up
It was easy to sign up and upload the photo ID, but took a while for the ID to be confirmed through the compliance process.
How to track a Small World transfer
You can track your transfer throughout and see a history of previous payments by logging in to your account. You can also call the customer services team for an update.
Is there a Small World app?
Yes, Small World has an app on both Google Play and the App Store. The app lets you:
- Transfer money quickly and simply
- Track the status of your transfers
- Access all the latest promotions
- Get customer support in various different languages
|Ratings collected on 8 September 2020|
|Apple App Store||4.6 out of 5 from 3,100 customer ratings|
|Google Play Store||3.8 out of 5 from 3,294 customer ratings|
How does Small World compare to other services?
With its fast delivery and many payment options, Small World is worth considering. But because there are many money transfer alternatives out there, it’s worth shopping around first – use our guide to compare the fees, rates and details to find the best one for your transfer.
Frequently asked questions
Does Small World offer business transfers?
How do I contact customer support?
How can I cancel my Small World transaction?
More guides on Finder
Stocks for after coronavirus
We’ve compiled some stocks that might bounce back in the coming months during Boris Johnsons’ roadmap out of lockdown.
How to buy Novo Integrated Sciences shares | $5.26
Learn more about Novo Integrated Sciences’ recent performance and where you can invest in Novo Integrated Sciences shares. We also run through some helpful rules of thumb for any investor
558% rise in crypto investors since 2018
The growth of cryptocurrencies like Bitcoin has caught the interest of UK investors, with 19% of Brits saying they have bought cryptocurrency at some point.
Disney shares near $200 for first time in history
Shares in Walt Disney Co. led the charge as the Dow Jones Industrial Average rose 0.09% on what was a mixed day of trading to start the week.
How to buy Osprey shares | $11.7299
Learn more about Osprey Technology Acquisition’s recent performance and where you can invest in Osprey shares. We also run through some helpful rules of thumb for any investor.
How to buy Churchill Capital IV shares | $30.029
Learn more about Churchill Capital IV’s recent performance and where you can invest in Churchill Capital IV. We also run through some helpful rules of thumb for any investor.
How to buy Sunesis shares | $5.32
Learn more about Sunesis Pharmaceuticals’ recent performance and where you can invest in Sunesis shares. We also run through some helpful rules of thumb for any investor.
How to buy Yunhong CTI shares | $2.57
Learn more about Yunhong CTI’s recent performance and where you can invest in Yunhong shares. We also run through some helpful rules of thumb for any investor.
Invest in makeup stocks
Want to add highlight to the foundations of your investment portfolio with makeup stocks? Find out how to invest in makeup and the risks.
coursesonline.co.uk discount codes and promos February 2021
See if you can get your next coursesonline.co.uk order for less with our hand-tested voucher and promo codes.
Ask an Expert