Access a variety of transfer options when sending funds overseas with WorldRemit
Airtime-only states:
If you live in Hawaii, Louisiana, Nevada or New York, you can only send airtime top-up, not money transfers.
| Product Name | WorldRemit International Money Transfers |
|---|---|
| Min. Transfer Amount | USD 1 |
| Max. Transfer Amount | USD 2,000 |
| Transfer Methods | Online, Bank Account to Bank Account, Cash Transfer |
| Transfer Options | One off payments |
| Transfer Speed Minimum transfer time | Within an hour |
| Banking Partner | WorldRemit (USA) |
| Customer Service | Phone, Email |
| Available Currencies | AED, ALL, AMD, ARS, AUD, BAM, BBD, BDT, BGN, BIF, BOB, BRL, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CUP, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, KES, KMF, KYD, LKR, MAD, MRO, MXN, MYR, NGN, NOK, NPR, NZD, PAB, PEN, PGK, PHP, PKR, PLN, RON, RUB, RWF, SEK, SGD, SLL, SOS, SRD, THB, TND, TOP, TRY, TZS, UGX, USD, UYU, VND, XAF, XOF, ZAR, ZWD |
| Online Transfer Fee | USD 4.99 |
|---|---|
| Exchange Rate Updates | Daily |
Pros
- No minimum transfer amount
- Large range of destinations
- Competitive exchange rate
Cons
- Significant amount of transfer fees as amount goes up
- Maximum amounts apply when sending
How are WorldRemit’s exchange rates?
WorldRemit offers guaranteed exchange rates when you need to send money overseas. These rates are updated daily to reflect changing market conditions and generally compare favorably to the rates available from major US banks. Compare WorldRemit’s exchange rates with those of your bank to see how they stack up.
How much does it cost to transfer money with WorldRemit?
The fee you’ll pay to send your money overseas with WorldRemit depends on the amount you send, where you send it and how your recipient will access the money.
For example, you’ll pay $3.99 for a bank deposit of $1,000 to Mexico, while sending the same amount via bank transfer to China will run you $7.99.
Minimum transfer amount and available countries
Though limits vary by your recipient’s country, you can generally send from $1 to up to $2,000 in any 24 hours with WorldRemit.
Popular transfer destinations offered by WorldRemit include China, India, Mexico, the Philippines, Canada, Brazil and Guatemala. To see a full list of available countries, visit WorldRemit’s website and reference the drop-down menu when you click “Send to.”
Our experience transferring money with WorldRemit
Here’s what we found when we sent live transfers to Mexico and France through WorldRemit:
- We weren’t able to complete a transfer to Mexico because our recipient didn’t hold an account with one of the banks on WorldRemit’s limited list.
- However, our recipient in France received our funds to their bank account nearly immediately, beating the three-day delivery estimate.
- In addition to low fees, WorldRemit’s exchange rate was within 1.6% of the mid-market rate, with rates updated daily.
- WorldRemit’s easy-to-use website allowed us to sign up and initiate a transfer in about 5 minutes. You also have the option of initiating a transfer by phone.
We recognize WorldRemit as a winner of the finder.com Money Transfer Awards 2017 in the category of Fastest Transfer.
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After the store tab opens, come back to copy the codeWhat types of transfers can I make with WorldRemit?
When you need to send money around the world, WorldRemit offers the following one-off transfer options:
- Deposit to your recipient’s bank account. For some banks, your bank transfer will arrive instantly, but it could take one to three business days with other financial institutions.
- Cash pickup. Depending on where you send your funds, your recipient may be able to pick up the cash from one of more than 30,000 collection points minutes of your transfer being placed. For example, funds sent to Mexico can be picked up at a branch of BBVA Bancomer, Telecomm Telegrafos, Chedraui, Pagos Intermex, Envios Confianza, Scotiabank and Bancoppel.
- Transfer to your recipient’s mobile wallet. Funds you send can be instantly added to your recipient’s Mobile Money account.
- Mobile airtime top-up. Airtime you send is instantly added to your recipient’s prepaid cellphone.
If you’re transferring money to the Philippines, your funds can be delivered to your recipient’s home. Depending on their location, this service takes between 24 hours and seven days for receipt.
Unfortunately, WorldRemit does not offer the flexibility of rate locks, forward contracts or recurring transfers.
The registration and transfer process
Before you send money with WorldRemit, you’ll need to sign up for an account with your name, contact details, country of residence, date of birth and proof of government-issued ID.
The next step is entering the details of your transaction. You’ll provide information about where you’re sending your money, the amount you’re sending and how you would like your recipient to access the funds. You will also supply your recipient’s name, contact details and bank account information (for transfers between bank accounts), and you’ll then be presented with a review page.
If you’re happy with the fee and exchange rate that applies to your transaction, send your transfer. When the funds arrive to your recipient and the transaction is complete, both you and your recipient will be notified by email or text.
Pros and cons of using WorldRemit
Pros
- Easy-to-use website. We were able to sign up and initiate a transfer in about 5 minutes.
- Worldwide network. Customers in 50 countries can send funds to more than 110 countries, providing global access when you need to transfer money abroad.
- Flexible options. Pay with a credit or debit card or from your bank account. Funds can be deposited into your recipient’s bank account or made available for collection at any of more than 30,000 agent locations.
Cons
- Limited services. If you’re a resident of Hawaii, Louisiana, Nevada or New York, you’ll need to find another service until WorldRemit is licensed in those states.
- Cash is not accepted. You can’t pay for an international money transfer with cash.
- Government-issued ID required. After your first transfer, you’ll need to upload a license or passport, which could deter those without one.
- No live chat option. If you have questions, you can call or email 24/7 for help.
Bottom line
WorldRemit offers a range of competitive features to make your international money transfers as simple and affordable as possible.
However, we suggest comparing its services with those of other money transfer providers before you send funds overseas.
Compare WorldRemit to other providers
| Provider comparisons | |
|---|---|
| WorldRemit vs. Western Union | |
| WorldRemit vs. MoneyGram | |
| WorldRemit vs. Chase Bank |
Frequently asked questions about WorldRemit
How can I pay for my international money transfer with WorldRemit?
Pay for your WorldRemit transfer with your credit card, debit card or bank account.
Is there an app available to facilitate a transfer?
Yes, the WorldRemit app can help you send your funds overseas whenever it’s convenient for you.
How quickly are the funds available for collection when I select cash pickup?
The money you send is typically available for your recipient to collect at one of more than 30,000 agent locations worldwide within minutes.
Why do I need to provide my recipient’s mobile number and email address?
WorldRemit requires this information so that it can send email and SMS notifications to the recipient when your funds are sent and received.
Can I deposit money into a worldremit account by going to the bank or do I have to do it online or by phone?
Hello,
According to the WorldRemit site, you can ‘deposit’ or ‘send’ money by using your bank account or debit/credit card. You will have to do it online but it’s a quick easy process.
Hi, how long would it take to receive a money transfer via bank account from Australia to NZ? Would it be same day or longer? Thanks
Hi Kiri,
We recently did a HUGE amount of research into the quickest ways to send and receive money worldwide that I’d think you be interested in.
Take a look at https://www.finder.com/money-transfer-award-fastest-transfer – where 3 money transfer companies actually took less than 24 hours to complete money transfer transactions.
To answer your question, yes WorldRemit is one of the countries that take less than a day to receive money from a money transfer.
Let us know if you need any more assistance.