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
What is WorldRemit?
WorldRemit was founded in 2010, and today you can send money to more than 125 countries safely and securely through its simple online process. You indicate the country you’re sending money to and your recipient’s details, and WorldRemit will deliver your cash quickly into the hands of your friends or family.
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.
What do I need to transfer money with WorldRemit?
Sending money overseas with WorldRemit is easy, but you will need:
- A WorldRemit account. It’s easy to set one up while initiating your transfer.
- 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.
- Your contact and banking information. Including the account number and security information for the account you’re transferring from.
How to transfer your money with WorldRemit
Step 1. Click “Go to site.”
Step 2. Choose how you’d like your recipient to receive your money.
Step 3. Enter the amount of money you want to send.
Step 4. Create an account by entering your name and email address.
Step 5. Enter the recipient’s country and their preferred currency, name, mobile number and method of money transfer.
What happens next?
- 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 online using Live Chat.
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.
How does WorldRemit’s Mobile Money work?
While not yet popular in the US, Mobile Money is an e-wallet used in many countries that lets users receive and store money using their mobile phone. If the country you’re sending money to accepts transfers by Mobile Money, your recipient can pay bills and make other payments using a simple text message.
When will my money be available through WorldRemit?
Cash can be picked up within minutes of your transaction confirmation. For direct bank account transfers, the money is available by the following day. If mobile deposits are available in your country, they are available immediately. In the Philippines, WorldRemit can send the money directly to your recipient’s home address.
Why am I having trouble sending money the way I want to?
Transfer options vary by the country you’re sending money to. Check with WorldRemit’s website to confirm countries, exchange rates and fees, and how your recipient can receive your money.
How safe is a money transfer?
When processed through a reputable bank or company, your funds are safely tracked until in the hands of your recipient. And if you’re sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees up front and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.
Can I send funds from Canada to a bank account in my own name established in a country I intend to visit – to prevent having to travel with the money?
Hi Dr. Dan,
Thanks for your question.
Yes, WorldRemit allows for a bank to bank account transfer. If for example you will be visiting the UK and you have a bank account in that country, you may send money to that account using WorldRemit or other money transfer companies that offer bank account to bank account transfer.
Cheers,
Anndy
I live in Brisbane Australia an looking for agents for WorldRemit .. Thank you
Hi Wayne,
WorldRemit is an online service only, with no agencies to visit or phone transfers. They have partners, however, in many countries where cash pick-up service is available. You can refer to our information guide on this page for cash pick-up locations in different countries.
I hope this has helped.
Kind regards,
Liezl
Dear all,
Could you please advise which one is the safest company among the below listed ones to send money from America to South Africa:
WorldRemit
Checks
HiFX, and
WorldFirst
Many thanks for your prompt response.
Hello Thabo,
Thank you for your question. Finder.com is a comparison site so I can’t make an absolute judgment on who is the safest.
I can tell you, however, that we sent money overseas with both WorldRemit and World First and our experiences were safe and straightforward with both companies. Perhaps your decision lies more in how you’d like your money to be sent or received? WorldRemit offers cash pick up for your recipient, sometimes on the same day. But if you can wait a day or two, World First has great exchange rates and can drop your transfer into a bank account.
If you click “Go to site” from this page, you can send your transfer with World First for $0 fees.
To read more about WorldRemit’s safety, click here.
To read more about World First’s safety, click here.
Best,
Adrienne
And how long does it take for the receiver to received the money?
Hi Simon,
Thank you for your inquiry.
Typically, the transfer will take less than a day to receive money. But it would be nice to always clarify this information with WorldRemit.
I hope this information has helped.
Cheers,
Harold
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.
My boyfriend use to send me money through world remit but he was blocked he can’t send me money through world remit anymore why? And when he called to ask the answer was because someone also sent me money earlier by it that’s why? I don’t see the sense of it.
Hi Odhiambo,
Thank you for your inquiry.
Our company finder.com is a financial comparison website and general information service designed to help consumers to make a better decision. Please note we do not represent any company we feature on our pages. It would be nice if you can coordinate this concern directly with WorldRemit as they have the direct access to check the information about your boyfriend’s account with them.
I hope this information has helped.
Cheers,
Harold