Review: WorldRemit international money transfers December 2019

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Send money overseas with WorldRemit’s range of options, including to a mobile or cash pick-up location.

  • Good for sending to those without a bank account in a wide range of countries.
  • Not so great for larger transfers due to the low daily minimum.

GBP 50

Min. Transfer Amount

GBP 30,000

Max. Transfer Amount

Same day

Transfer Speed

Details

Product NameWorldRemit International Money Transfers
Min. Transfer AmountGBP 50
Max. Transfer AmountGBP 30,000
Transfer MethodsOnline
Transfer Speed
Minimum transfer time
Same day
Customer ServiceChat, Email
Available CurrenciesAED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, BYN, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW
Online Transfer FeeGBP 3.99

Learn more about:

WorldRemit exchange rates and fees

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 50 Same day GBP 2.99 1.183 EUR
1,180
Use promo code 3FREE to send your first 3 transfers with no fee.
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

See if there are any WorldRemit promo codes available

Available currencies

WorldRemit sends money to over 140 countries worldwide, although the transfer types vary depending on the country. You can check out the full list of currencies here, but the following are some of the more popular ones that WorldRemit lets you send to:

  • INR Indian rupee
  • VND Vietnamese dong
  • USD US dollar
  • PHP Philippine peso
  • LBP Lebanese pound
  • EUR Euro
  • LKR Sri Lankan rupee
  • THB Thai baht

What types of transfers can you make with WorldRemit?

Although it varies from country to country, WorldRemit offers a range of ways you can send money:

  • Mobile wallet. You can send money to your recipient’s smartphone wallet. This option is helpful if your recipient doesn’t have a bank account and isn’t near a cash pick-up location.
  • Cash pick-up. You can send money to a cash pick-up location for your recipient to collect. If you choose this option, the person picking it up will need valid photo ID on hand and the reference number.
  • Bank transfer. The money will be deposited directly in the bank account you choose. You’ll need to know their BIC or SWIFT code as well.
  • Airtime top-up. This is used when you want to send money directly to your recipient’s mobile to top up their pre-paid plan. Credit top-ups are often instant. Quite a few of WorldRemit’s countries only offer airtime top-up.
  • Door-to-door delivery. Instead of picking up the cash at a fixed location, this option means your cash is delivered physically to your recipient’s home. At the time of writing, this delivery service is only available in Vietnam.

How long does a transfer with WorldRemit take?

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 7 days, depending on your location. With a bank transfer, it depends on which banks are involved – instant transfers are an option for a selected group of banks.

Transfers typically takeClock icon for transfer speed

Same day

What payment methods does WorldRemit accept?

You can pay for your transfer with WorldRemit through a bank transfer or card. If you’re using a debit or credit card, you can’t send more than £8,000 at a time. You can also pay via Apple or Android Pay, but the same limit per transaction applies.

Is WorldRemit safe to use?

  • Security and regulation: Government regulated, can enable 2-factor authentication
  • Established: 2010
  • Number of customers: Over 4 million*
  • Reviews: Trustpilot gives WorldRemit a score of 9.1 out of 10, based on over 29,000 reviews*
  • Investors: Accel, TCV and LeapFrog
*According to WorldRemit and Trustpilot on 3 September 2019.

WorldRemit is regulated in the UK by the Financial Conduct Authority (FCA). 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 that requires two types of verification when logging in. This adds another layer of protection against anyone trying to hack into your account.

How does WorldRemit make money?

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 GBP = 61.71 PHP for a money transfer to the Philippines, while the rate you can see on Google is 1 GBP = 63.03 PHP. This difference is the margin and it’s how providers cover their own fees.

How to create a WorldRemit account and send your first transfer

You can sign up with WorldRemit online, and as soon as you’re verified, you can make transactions quickly and easily.

What is WorldRemit’s background?

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.

In a nutshell

Pros

  • Competitive fees. The fees are generally quite a lot less than what you’ll find at your bank.
  • Easy-to-use website and app. We were able to sign up and start a transfer in about five minutes.
  • No minimum transfer. With no minimum, WorldRemit is best suited to smaller transfers.
  • Flexible options. You can pay with a range of options including card, bank transfer or Apple/Android Pay. Your recipient can also receive the money in a number of ways.

Cons

  • Limited maximum transfer. You can’t send more than £8,000 at a time if you’re using your card or Apple/Android Pay.
  • No live-chat. If you have questions, you’ll either need to call or fill out an online form.

How does WorldRemit compare to other providers?

Table: sorted by a combination of service offering and the amount your recipient will receive

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.[/fin_hide]

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 5 2 days EUR 3.00 1.182 EUR
5,911
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
GBP 2,000 1 day GBP 0.00 1.176 EUR
5,882
TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
(Conditions apply)
Go to site Show details
GBP 1,000 1 - 2 days GBP 0.00 1.176 EUR
5,882
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 3,000 1 day GBP 0.00 1.176 EUR
5,882
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.176 EUR
5,882
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.176 EUR
5,882
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
USD 1 1 - 2 days GBP 0.00 1.176 EUR
5,882
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 50 Same day GBP 2.99 1.183 EUR
5,910
Use promo code 3FREE to send your first 3 transfers with no fee.
Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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8 Comments

  1. Default Gravatar
    Mayang
    February 3, 2019

    Worldremit have a how to track reference number

    • AvatarStaff
      Bella
      February 5, 2019

      Hi Mayang,

      Thanks for your inquiry.

      You may track your money transfer through text. You and your recipient will receive SMS or text updates when your money is both sent and received.

      I hope this helps.

      Kind regards,
      Bella

  2. Default Gravatar
    Kate
    December 24, 2018

    Can I cancel the money that you sent and change it to another new name as I put the other name in mistake.

    • AvatarStaff
      Jhez
      December 24, 2018

      Hello Kate,

      Thank you for your comment.

      For cancellation request, you are advised to contact Worldremit directly.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  3. Default Gravatar
    Neressa
    December 24, 2018

    Hi, I wanna ask what should I do as my friend send me money without knowing me and then I found out that he already sent money and my ID is expired, I don’t have any ID’s here now.

    • AvatarStaff
      Jhez
      December 24, 2018

      Hello Neressa,

      Thank you for your comment.

      According to Worldremit’s policy, a valid ID must be presented when picking up the money. The valid photo ID must show your full name which should match the details supplied on the transaction. It is therefore important that the information entered on the transaction matches your ID. You are advised to check with Worldremit if an expired ID is acceptable.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  4. Default Gravatar
    Ruby
    September 19, 2018

    How long will a bank transfer takes for philippines? Done it almost 48 hours now and still on progress… it says minutes to 24hours… what if that money for emergency!

    • AvatarStaff
      Joshua
      September 19, 2018

      Hi Ruby,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I’m sorry to hear about your situation. According to WorldRemit, your recipient can pick up cash immediately after one business day. If your recipient has not yet received the money, it would be a good idea to directly get in touch with WorldRemit by calling them or using their Live Chat option found on their website.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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