- Good for fast transfers with cash pickup, mobile wallet and airtime top-ups options.
- Not so great for fixed fees - fees vary depending on transfer destination and payment method.
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.
|Available Currencies||AED, ALL, ARS, AUD, BDT, BIF, BOB, BRL, BWP, CAD, CLP, CNY, COP, CRC, CVE, DOP, EGP, ETB, FJD, GBP, GHS, GMD, GNF, GTQ, HNL, IDR, INR, JMD, KES, KHR, LAK, LKR, MAD, MGA, MWK, MXN, MYR, MZN, NGN, NPR, NZD, PEN, PHP, PKR, PYG, RWF, SGD, SRD, THB, TND, TRY, TZS, UGX, USD, UYU, VND, XAF, XCD, XOF, ZAR, ZMW, SLE|
|Customer Service||Phone, Live chat|
|Pay By||Credit card, Debit card, Bank transfer, Apple Pay|
|Receiving Options||Cash pickup location, Bank account, Mobile wallet, Home delivery, Prepaid phone credit|
WorldRemit’s network isn’t quite as large as brands like Western Union, but you’ll typically find it offers better rates and lower fees. Plus, WorldRemit’s app and website will tell you upfront what exchange rate and fees you’ll be paying without the need to sign up first. This makes it easier to compare against other companies to see if you’re getting the best deal.
One big drawback 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. And if you are a first-time customer, you’ll also often be able to find promo codes to get a better deal.
WorldRemit’s transfer fees vary depending on transfer method and where you are sending money to. For most countries, there is a standard fee of $3.99, but this can drop as low as $1.99 depending on the transfer criteria. WorldRemit will often have some sort of promo code available, so it’s worth checking to see if there is one you can use to save yourself some money.
Overall, factors that could affect your fee include:
WorldRemit applies a mid-market margin markup to its exchange rates. How much this is will largely depend on the transfer location. 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 low the percentage above the mid-market rate that WorldRemit is charging, the better.
As of February 22, 2022, here are the mid-market rate markups for popular destinations when sending to a bank account:
|Sending to||Currency||Mid-market rate||WorldRemit rate||% above mid-market|
Depending on where you live, the ways to send money through WorldRemit may vary. But the good news is that there are usually plenty of options to choose from. Here are some of the ways to send and receive money using WorldRemit:
To send money with WorldRemit, you will first need to set up an account. You will need to wait for this to be verified before you can send your first transfer.
After you have received confirmation that your account has been verified, just follow these steps to have money sent in as little as a few minutes:
WorldRemit accepts different payment methods depending on where you are sending your transfer from. From the US, WorldRemit payment methods include the following:
WorldRemit’s transfer speeds depend on the delivery method you choose. If you opt to send money via cash pickup, mobile money or airtime top-up then your funds will arrive within minutes. However, bank transfers can take up to five business days and home delivery up to seven days.
Transfers typically take
WorldRemit has some transfer services that you may not have heard of before, or know under different names. Not all of them are available worldwide, but let’s take a look at how they work:
WorldRemit uses many methods to protect your transaction and is authorized and regulated by many government agencies.
In short, here’s what protection you can expect from WorldRemit money transfers:
If you want to see how WorldRemit compares to the exchange rates and fees offered by other money transfer services, enter the details of your transaction into the table below.
How does WorldRemit work?
WorldRemit is a digital money transfer provider. You can send money to over 130 countries either online or via its app. Just enter your transfer destination and amount, and then you will be able to view fees and exchange rates before confirming your transaction.
Can I send money with WorldRemit without ID?
No, WorldRemit requires ID when sending from the US to verify your identity.
What are my rights when cancelling my WorldRemit transfer?
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.
Is WorldRemit available in the USA?
Yes, WorldRemit is available in the USA. You can transfer money from the US to over 140 destinations in the world.
How much does WorldRemit charge to send money?
You will pay a transfer fee and an exchange rate markup when sending money abroad using WorldRemit. Transfer fees vary depending on location, amount and payment method.
How long will it take to receive money from WorldRemit?
Transfer for cash pickup, mobile money or airtime top-up will be completed within minutes. However, bank transfers can take up to 5 business days to arrive.
How do I receive money from WorldRemit?
To collect a cash pickup transfer, you will need a valid photo ID that shows your full name and the transaction reference number. This will have been sent to you by SMS once your payment is available for collection.
Is WorldRemit a legitimate company?
WorldRemit has 5.7 million customers worldwide and was established in 2010. It is regulated and authorized by many government agencies, including the Financial Conduct Authority.
Is WorldRemit a good app?
WorldRemit has an app available on both the App Store and through Google Play. Through this, you can save contact information, get daily price notifications, track transfers and access customer support.