WorldRemit international money transfers review February 2018 | finder.com

WorldRemit international money transfers review

Access a variety of transfer options when sending funds overseas with WorldRemit

WorldRemit allows you to send funds to more than 140 countries around the world simply and affordably.

With a selection of flexible transfer options, WorldRemit allows you to fund your transfer from your bank account or a credit or debit card, while the funds you send can be deposited into your recipient’s bank account or mobile wallet or made available for collection from an agent location. You can also top up someone’s mobile airtime.

Product NameWorldRemit International Money Transfers
Min. Transfer AmountUSD 1
Max. Transfer AmountUSD 9,000
Transfer Methods
OnlineCash Transfer
Transfer Options
One off payments
Transfer Speed
Minimum transfer time
Within an hour
Banking PartnerWorldRemit (USA)
Customer Service
PhoneEmail
Available CurrenciesAED, ALL, AUD, BDT, BGN, BRL, CAD, CHF, CLP, CNY, CZK, DKK, EUR, GBP, GEL, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, LKR, LRD, MAD, MXN, MYR, NOK, NZD, PEN, PHP, PKR, PLN, RON, RUB, SCR, SEK, SGD, THB, TRY, UAH, VND, XCD, ZAR
Online Transfer FeeUSD 3.99
Exchange Rate UpdatesReal time

Pros

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

Cons

  • Significant fees as transfer amount increases.
  • Maximum amounts apply when sending.

How it works

WorldRemit simplifies the money transfer process by taking money transfers online — you can initiate a transfer on your computer, smartphone or tablet. And all fees and exchange rates are displayed upfront, so you know exactly what you’ll pay.

WorldRemit offers the flexibility of paying from your bank account or with a credit or debit card, and your recipient can receive the funds as a bank account or mobile wallet deposit or pick it up as cash from one of more than 30,000 agent locations worldwide.

Our experience transferring money with WorldRemit

Here’s what we found when we sent live transfers to Mexico and France through WorldRemit:

  • money transfer awards logo-mobileWe 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.

How much does it cost to transfer money with WorldRemit?

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.

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.

Calculate your fees and exchange rate

Compare conversion rates and fees for sending money using WorldRemit.

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
USD 1 Within an hour - - Online, Bank Account to Bank Account, Cash Transfer Use promo code FREE to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

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WorldRemit: First Transfer FREE

You first transfer is free with WorldRemit when you use this coupon code. Send or pick up cash in the US or around the world.

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 use 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.

How to transfer your money with WorldRemit

  • 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.

Tracking your order

  • 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.

Frequently asked questions about WorldRemit

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26 Responses

  1. Default Gravatar
    StevenNovember 28, 2017

    Hello, a friend sent me money using worldremit from Sweeden to my uganda mtn mobile money account Friday 24th/11/2017. I received a msg from NXSMS about that transaction being made succefull unfortunately on checking my mobile money account it was not credited. This friend of mine recieved a confirmation note from worldremit that the transaction was succefully made but upto now my mobile money account has never been credited. What could be the problem or there is another way of withdrawing this money?

    • Staff
      ArnoldNovember 29, 2017Staff

      Hi Steven,

      Thanks for your inquiry

      If you have the transaction number in your possession, it would be best to do a follow up on this with the money transfer company. Make sure you ask when the funds will arrive. Cause some remittance companies take up to 7 business days to receive the funds. Also, it would be helpful if you could check with your mobile money account provider directly and ask how long it takes to receive money from overseas.

      Hope this information helps

      Cheers,
      Arnold

  2. Default Gravatar
    EvaNovember 17, 2017

    My friend from new york sent me money from HSBC Newyork,i got email from HSBC with address hsbremittance@live.com for corfirmated, is that HSBC did? few days later i got email from inland revenue that tranfered STOP ORDER because of they thought bout money laundry,i must pay penalty and they give me 7 days work to pay.Is that true or just fake transfer?

    • Staff
      ArnoldNovember 18, 2017Staff

      Hi Eva,

      Thanks for your inquiry

      In order to check if this transfer is legitimate, you will need to check the reference number with HSBC and check with inland revenue why and how they classified this transaction as money laundering. You may need to provide documents as proof of this transaction. It would be best to contact HSCB and inland revenue to clarify this.

      Hope this information helps

      Cheers,
      Arnold

  3. Default Gravatar
    KennedyOctober 16, 2017

    I couldnt find any means of transfering money from South Africa to Nigeria outside Moneygram and Western Union. Are there any better and cheaper means of doing this?

    • Staff
      AshOctober 16, 2017Staff

      Hello Kennedy,

      Thank you for reaching out to us.

      You may check this page for other Money Transfer Agencies that offers their services in Nigeria.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.

      Cheers,
      Ash

  4. Default Gravatar
    gundoganOctober 11, 2017

    please i want to know how long it takes to receive MTN mobile in Ghana if someone sends you money through here and will the money be sent directly into the person Mobile Money Wallet

    • Default Gravatar
      JonathanOctober 12, 2017

      Hello gundogan,

      Thank you for your inquiry.

      Yes, your recipient should be able to receive directly the funds using his own mobile number. The transfer usually only takes 5-10 mins.

      Hope this helps.

      Cheers,
      Jonathan

  5. Default Gravatar
    JajaSeptember 19, 2017

    Is there given a chance to cancel a transaction of sending money?

    • Default Gravatar
      JonathanSeptember 20, 2017

      Hello Jaja,

      Thank you for your inquiry.

      Cancelling a transaction should be completed before transfer time is up. Most transfers sent using WorldRemit arrive instantly. Some can take longer depending on how the money will be received. You will see transfer times for your chosen country and receiving method before you make a payment, therefore you’d know how much time you’d have in case you change your mind.

      Usually, the following timings apply:

      Bank deposit: Instant transfers available to selected banks. Others vary depending on bank and country.
      Cash pick-up: Available for collection instantly
      Airtime top-up: Always instant or near instant.
      Mobile Money: Always instant or near instant.
      Home delivery: 24hrs – 7 days depending on location.

      Cancellation is fulfilled through contacting WorldRemit directly.

      Hope this helps.

      Cheers,
      Jonathan

  6. Default Gravatar
    jamesAugust 17, 2017

    hello when payment is made to world remit i am giving a transaction number but i want to know if that is the reference number i have to give to my receiver to collect the money or that i will be emailed another number by world remit, also wanted to know if world remit have a tracking where reference numbers can be put and money been tracked????

    • Staff
      AshAugust 17, 2017Staff

      Hi James,

      Thank you for reaching out to us.

      For World Remit, once you have sent the funds, both the sender and the receiver will receive a notification through SMS or Email. The Transaction Reference Number on the notification will be provided by the recipient when he/ she will collect the money. Kindly make sure that the recipient has a Government Issue ID as it will also be needed when making the claim.

      I hope this information helps.

      Let us know if there is anything else that we may assist you with.

      Cheers,
      Ash

  7. Default Gravatar
    DrJuly 11, 2017

    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?

    • Staff
      AnndyJuly 11, 2017Staff

      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

  8. Default Gravatar
    WayneJune 11, 2017

    I live in Brisbane Australia an looking for agents for WorldRemit .. Thank you

    • Staff
      LiezlJune 18, 2017Staff

      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

  9. Default Gravatar
    ThaboJune 10, 2017

    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.

    • Staff
      AdrienneJune 12, 2017Staff

      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

  10. Default Gravatar
    SimonMay 24, 2017

    And how long does it take for the receiver to received the money?

    • Staff
      HaroldJune 22, 2017Staff

      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

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