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$1
Min. Transfer Amount
$9,000
Max. Transfer Amount
Within an hour
Transfer Speed
Product Name | WorldRemit International Money Transfers |
---|---|
Min. Transfer Amount | $1 |
Max. Transfer Amount | $9,000 |
Transfer Methods | Online, Bank Account to Bank Account, Cash Transfer |
Transfer Options | One off payments |
Transfer Speed Minimum transfer time | Within an hour |
Customer Service | Phone, Email |
Available Currencies | AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, BYN, CAD, CDF, 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, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW |
Online Transfer Fee | USD 3.99 |
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Exchange Rate Updates | Real time |
Review by
Zak Killermann is a writer at Finder. He’s ghostwritten hundreds of articles on fintech, finding his love for publication at St. Cloud State University. Traveling internationally for nearly half his life — and getting burned once by an OTC money exchange — Zak's vowed not to settle for anything short of the mid-market rate again.
WorldRemit’s network isn’t quite as large as brands like Western Union, but you’ll often find better rates and lower fees with WorldRemit. Plus, WorldRemit’s app and website tell you upfront what exchange rate and fees you’ll be paying without needing to sign up first. This makes it easier to compare against other companies to see if you’re getting the best deal.
One major downfall of WorldRemit is that you can’t pay in cash, but its global network does support cash pickups in many countries worldwide. Other delivery options like mobile airtime top-ups, bill pay and door-to-door cash delivery help round this service out for some sending destinations. You’ll also often be able to find promo codes to get a better deal if you’re a first-time customer.
With the pandemic affecting how we can pick up money transfers, WorldRemit is asking customers to send transfers online through the WorldRemit app and, where possible, to send to your recipient’s mobile money or airtime accounts. Cash pickup locations may not be available or may have reduced hours as local businesses are affected by movement restrictions.
Transfers through WorldRemit will have both a fee and a mid-market margin markup added to them. Transfer fees for WorldRemit vary, but for sending from the US to most countries, the standard fee is $3.99. WorldRemit’s fees and exchange rates may change based on the following:
Unlike many competitors, WorldRemit offers the same exchange rate no matter how much you send.
Check if there are any WorldRemit promo codes available
As of May 25, 2020, here are the mid-market rate markups and fees for popular destinations around the world when sending to a bank account. The mid-market rate is the exchange rate you’ll see when you look up a currency pair on Google and is the current recognized rate that traders use to buy and sell a pair of currencies. The lower the percent above the mid-market rate that WorldRemit is charging, the better.
Sending to | Currency | Mid-market rate | WorldRemit rate | % above mid-market | Fees from (USD) |
---|---|---|---|---|---|
Bangladesh | BDT | 85.19 | 82.1903 | 3.52% | $3.99 |
China | CNY | 7.14 | 7.0185 | 1.70% | $2.99 |
Guatemala | GTQ | 7.69 | 7.5296 | 2.09% | $3.99 |
India | INR | 75.83 | 74.6339 | 1.58% | $1.99 |
Mexico | MXN | 22.54 | 22.2085 | 1.47% | $1.99 |
Pakistan | PKR | 161.23 | 157.3010 | 2.44% | $3.99 |
Philippines | PHP | 50.78 | 50.0436 | 1.45% | $1.99 |
Vietnam | VND | 23,335.50 | 22,479.94 | 3.67% | $3.99 |
WorldRemit transfer speeds depend on the delivery method you choose.
Delivery method | Transfer speed |
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Bank transfer | Within minutes to five business days |
Cash pickup | Instant |
Mobile money | Within minutes |
Airtime top-up | Within minutes |
Home delivery | One to seven business days |
WorldRemit transfers can be sent from over 50 countries and received in over 150 countries. You can check out the full list of currencies here, but popular currencies and sending destinations include the following:
WorldRemit uses many methods to protect your transaction and is authorized and regulated by many government agencies. In short, here is how WorldRemit protects your transfer:
WorldRemit has strong reviews online, including an excellent rating on Trustpilot with more than 41,000 reviews. Many reviews rave about the easy-to-use app, fast transfers and reasonable prices. However, keep in mind that many of the bad reviews focus on poor customer service and delayed refunds.
Trustpilot | 4.4 out of 5 — based on 42,444 customer reviews |
CompareRemit | 1.9 out of 5 — based on 198 customer reviews |
Monito | 8.3 out of 10 — based on staff reviews |
Finder | 4.5 out of 5 — based on staff reviews |
Reviews accurate as of October 13, 2020.
Diving deeper, a lot of the complaints found online about WorldRemit have to do with the time delay when receiving a refund and occasional claims that a refund wasn’t received at all when requested. Many users on Reddit also mentioned that making transfers from smaller banks can be a hassle with WorldRemit, as their bank refused the transfer the first time around. Overall, WorldRemit customer care seems to answer these complaints on the various threads they are posted, often providing additional phone numbers for the customer to reach out and receive more help to solve their issue.
WorldRemit has been in business since 2010. Aside from 24/7 customer support, the website also boasts an extensive FAQ to help customers find the answers to many popular questions and concerns surrounding the service.
WorldRemit accepts different payment methods depending on where you are sending your transfer from. From the US, WorldRemit payment methods include the following:
Around the world, WorldRemit also accepts the following payment methods:
Depending on where you live, the ways to send money through WorldRemit may vary. WorldRemit offers the following ways to send and receive money:
You’ll need some key pieces of identification to send money online through WorldRemit, including the following:
There are six steps to follow for your first transfer through WorldRemit:
Signing up with WorldRemit took longer than I expected. I created my account and submitted a photo of my driver’s license, but since my license didn’t match my address, I had to submit additional identification as proof. Here are some key takeaways:
Some of these services you may know under different names and not all of them are available worldwide.
Yes, WorldRemit has an app available on both the App Store and through Google Play. Through the app, you can do the following:
Reviews accurate as of April 7, 2020 | |
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Google Play Store | 4.3 out of 5 — based on 59,751 customer reviews |
Apple App Store | 4.8 out of 5 — based on 40,000 customer reviews |
Quickly compare how much your transfer could cost with WorldRemit and its competitors by entering the amount of money you want to send, select the destination and click Calculate.
Find out other alternatives to WorldRemit
WorldRemit offers clear pricing on the fees and exchange rates it uses, making comparisons a breeze when trying to find the best price for your transfer. Because there are many WorldRemit alternatives out there, it may be worth shopping around before sending your transfer. Prices aside, WorldRemit has many years under its belt, while serving millions of customers a year, so new customers should have little reason to worry when sending a transfer through WorldRemit.
No, WorldRemit requires ID when sending from the US to verify your identity.
No. Since WorldRemit doesn’t have any agent locations from which to send money, paying with cash is not an option.
Whether sending online or through the WorldRemit app, your transfer will automatically be tracked and you’ll automatically be updated. You can opt in to SMS updates so that you’ll know exactly when your transfer arrives or if it has hit any snags along the way.
Contact WorldRemit customer service in the following ways:
The US has federal laws in place to protect you when sending a money transfer within certain guidelines. You’ll have a minimum of 30 minutes from the time of your transfer to cancel, and refunds can take up to 7 business days to return to your account. In some circumstances, your transfer cannot be cancelled, for example, if it has already been picked up in cash.