WorldRemit money transfer review May 2019 | finder.com

WorldRemit money transfer review

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finder.com’s rating: 4.5 / 5.0

★★★★★

How’d we get our score?

Fees & rates: 4.0 / 5.0
Speed: 5.0 / 5.0
Services: 4.0 / 5.0
User experience: 5.0 / 5.0

A secure way to send money to over 140 countries — and track it every step of the way.

WorldRemit offers low fees and competitive exchange rates, but a limited number of supported overseas banks can make direct transfers difficult in some countries.

Product NameWorldRemit International Money Transfers
Min. Transfer AmountUSD 1
Max. Transfer AmountUSD 9,000
Transfer Methods
Online, Cash Transfer,
Transfer Options
One off payments
Transfer Speed
Minimum transfer time
Within an hour
Customer Service
Phone, Email
Available CurrenciesAED, 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, LBP, 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, 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 FeeUSD 3.99
Exchange Rate UpdatesReal time

Pros

  • No minimum transfers.
  • Wide range of destinations.
  • Competitive exchange rate.

Cons

  • Fees add up as transfer amount increases.
  • Maximum amounts apply when sending.

How much will I pay to send money with

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.

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 against each other.

What 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 almost instantly. For example, funds sent to Mexico can be picked up at a branch of BBVA Bancomer, Telecomm Telegrafos, Chedraui, Pagos Intermex, Envios Confianza, Scotiabank or 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.

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 140 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 Louisiana 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 copy of your license or passport, which could deter those without one.
  • No live chat option. If you have questions, you can call or fill out an online form for help.

How do I send money through WorldRemit?

Before you send money with WorldRemit, make sure you have the following information:

  • A valid payment method. Your bank account, credit card or debit card information.
  • Your recipient’s name and contact information. If you’re transferring money to a bank account, you’ll also need the bank name, the bank’s SWIFT code and an account number.

It’s helpful to create an account before initiating a transfer, but you can enter your transfer info first to learn just how much the transfer will cost.

  • Next you’ll pay for your transfer. You can send your money directly from your bank account or by using your debit or credit card. You will receive an SMS or text message with confirmation of your transaction. You and your recipient will also receive an email when it is sent and when it is received.

How do I track my WorldRemit transfer?

  • Fast money worldwide in minutes. Your recipient can pick up cash from one of 30,000 agents on completion of your transaction. Bank account transfers are available by the following day.
  • Track your money through text. Through SMS or text updates, you’ll know when your money is both sent and received.
  • Contact customer service. If you need assistance, WorldRemit is available 24/7 toll-free at 888-722-7771 or by filling out a form online.

Bottom line

WorldRemit is a solid option for affordable, fast and safe money transfers around the world. To find the best provider, compare a range of money transfer providers before committing your funds to the transaction.
Looking for an alternative? Compare services like WorldRemit to get the best rates and fees.

Frequently asked questions about WorldRemit

Methodology

Our team analyzes money transfer providers offering services in the US — from big names to digital upstarts. We rank rates and fees, speed, services and user experience for:

  • TransferWise
  • XE
  • OFX
  • WorldRemit
  • Currencies Direct
  • Western Union
  • RIA Money Transfer
  • MoneyGram
  • Remitly
  • Payoneer
  • Remit2India
  • Xoom
  • PayPal

Learn the details of our methodology and scoring.

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US International Money Transfers Offers

Important Information*
Logo for XE Money Transfer
XE Money Transfer

Offering no maximum and no minimum limit transfers with $0 fees.

Logo for WorldRemit International Money Transfers
WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

Logo for TransferWise
TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Logo for CurrencyTransfer
CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

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54 Responses

  1. Default Gravatar
    NILAMMarch 13, 2019

    Hello
    which methods Ria send money direct in bank from Portugal to Nepal please i need answer. do u use swift code or other method Ria use for while you send money to bank account

    • Avatarfinder Customer Care
      johnbasanesMarch 14, 2019Staff

      Hi Nilam,

      Thank you for reaching out to Finder.

      There are no send locations in Portugal for you to start a send transaction. You may need to contact Ria directly to check if there are other methods available in sending money from Portugal. Hope this helps!

      Cheers,
      Reggie

  2. Default Gravatar
    CHRISTIANFebruary 20, 2019

    i need your telephone number

    • Avatarfinder Customer Care
      BellaFebruary 21, 2019Staff

      Hi Christian,

      Thanks for your inquiry.

      I’m afraid that WorldRemit doesn’t have a phone number that you may call if you are in Nigeria. If you have questions or other concerns, you may call or fill out an online form for help on their contact us page.

      I hope this helps.

      Kind regards,
      Bella

  3. Default Gravatar
    NancyFebruary 10, 2019

    Send money to Nigeria? Any restrictions?

    • Avatarfinder Customer Care
      JoshuaFebruary 10, 2019Staff

      Hi Nancy,

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

      If there are restrictions you need to know, it could be more on the send limit of WorldRemit.

      For example, if you are using debit, credit or pre-paid cards when sending money, the maximum send amount per 24 hours is USD 9,000 and the maximum send amount per transaction is USD 5,000. Moreover, you would also need to pass the verification process of WorldRemit placed for US citizens.

      It is also advisable if you could read the T&Cs of WorldRemit to learn more about their restrictions.

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

      Have a wonderful day!

      Cheers,
      Joshua

  4. Default Gravatar
    YaggieDecember 29, 2018

    Must I have identification before I can use WorldRemit to send money to any country I want?

    • Avatarfinder Customer Care
      CharisseDecember 29, 2018Staff

      Hi Yaggie,

      Thanks for reaching out to finder.

      Yes, you will need to verify your identity before you can use WorldRemit’s money transfer service. As a financially regulated company, WorldRemit is required by law to verify all of their customers.

      To verify your identity, you can upload your government issued photo ID securely on their website or by emailing WorldRemit Customer Service team.

      I hope this helps.

      Cheers,
      Charisse

  5. Default Gravatar
    RudoDecember 16, 2018

    What are the terms and conditions for one to receive money from an agent through WorldRemit? For example, receiving from Zambia.

    • Avatarfinder Customer Care
      CharisseDecember 18, 2018Staff

      Hi Rudo,

      Thanks for reaching out to finder.

      For a recipient in Zambia to receive the money through WorldRemit cash pickup, the recipient should:

      1. Show valid photo ID – this must be one of the following: Zambian passport, national ID card, driving licence, or foreign passport with a valid visa or refugee card

      2. Quote “WorldRemit” and the 8-digit transaction reference number – WorldRemit will notify the sender and recipient by email and SMS when funds are ready to be collected and will send a transaction reference number. The recipient needs to quote this when collecting the funds.

      I hope this helps.

      Cheers,
      Charisse

  6. Default Gravatar
    AyobamiDecember 3, 2018

    What is the different between world remit and wire transfer

    • Avatarfinder Customer Care
      AshDecember 9, 2018Staff

      Hi Ayobami,

      Thank you for reaching out to us.

      WorldRemit is a Money Transfer provider that offer services like sending money domestically or overseas either by depositing the money directly to the recipient’s bank account, cash pick up, send the money to the recipient’s mobile wallet or Mobile airtime top-up. While Wire Transfer is a type of money transfer service where the funds are being transferred electronically using the SWIFT codes to be received faster.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions that you need assistance with.

      Cheers,
      Ash

  7. Default Gravatar
    SoniaDecember 3, 2018

    Can i pick up transfere anywhere or only where ot was sent

    • Avatarfinder Customer Care
      AshDecember 9, 2018Staff

      Hello Sonia,

      Thank you for reaching out to us.

      The recipient can pick up the money to any agent locations of WorldRemit on the specific country indicated by the Sender. But the Recipient cannot claim the money to a different country as per requested by the Sender.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.

      Cheers,
      Ash

  8. Default Gravatar
    MattAugust 17, 2018

    I want to know the status of my transfer. I never received the reference number and the money has been deducted from my account.

    • Avatarfinder Customer Care
      JhezAugust 17, 2018Staff

      Hello Matt,

      Thank you for your comment.

      You’re best to contact an agent from Worldremit to trace your transaction. Please make sure you have the relevant details and documents handy.

      Regards,
      Jhezelyn

  9. Default Gravatar
    LILIANJuly 17, 2018

    AFTER HOW MANY DAYS AM I TO WITHDRAW THE MONEY RECEIVED FROM WORLD REMIT AT A BANK AFTER RECEIVING THE MONEY SENT

    • Default Gravatar
      joelmarceloJuly 18, 2018

      Hi Lilian,

      Thanks for leaving a question on finder.

      Bank transfers via WorldRemit take within 2-5 working days. If the transfer is taking longer than expected, you can check with your bank to find out what could be causing the delay.

      Cheers,
      Joel

  10. Default Gravatar
    GlecyMay 3, 2018

    I have sent money to US after 7 days they have no received the money yet

    • Default Gravatar
      joelmarceloMay 4, 2018

      Hi Glecy,

      Thanks for leaving a question on finder.

      Usually, the money you send is available for your recipient to collect at one of more than 30,000 agent locations worldwide within minutes. If there is a delay you can directly contact WorldRemit to see what’s up. Please click here and go to the section that says Contact Customer Service on the left side of the page. I hope this gets resolved soon.

      Cheers,
      Joel

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