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WorldRemit money transfer review
How much will I pay to send money with WorldRemit
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.
USD 1
Min. Transfer Amount
USD 9,000
Max. Transfer Amount
Within an hour
Transfer Speed
Details
| Product Name | WorldRemit International Money Transfers |
|---|---|
| Min. Transfer Amount | USD 1 |
| Max. Transfer Amount | USD 9,000 |
| Transfer Methods | Online, Bank Account to Bank Account, Cash Transfer |
| Transfer Options | One off payments |
| Transfer Speed Minimum transfer time | Within an hour |
| Customer Service | Phone, Email |
| Available Currencies | AED, 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 Fee | USD 3.99 |
|---|---|
| Exchange Rate Updates | Real 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.
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.
But WorldRemit’s fees are transparent: You’ll see them when you’re calculating or making a transfer, so you won’t incur hidden or undisclosed charges. Your bank might also charge you extra fees for SWIFT transfers, typically $15 to $30. Ask your bank about their standard fee for international money transfers.
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.
Compare WorldRemit to similar services
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.
- Click Go to site.
Click on our Go to site button and you’ll be taken to WorldRemit’s sign-up page. Fill out your personal information to sign up for an account and click Submit and Create Account - Click Get started.
On WorldRemit’s homepage, choose the country you want to send money to and click Get started.
Verify the country in the Send to box; choose the service: bank transfer, cash pickup, mobile money or airtime; choose Send or Receive; choose your currency; and finally enter the amount and hit Send.
You’ll then see WorldRemit’s exchange rate, transfer fee and exactly how much your recipient will get.
If you’re happy with the cost, click Send. - Enter the recipient’s info.
Fill out your recipient’s information, including their preferred currency, name, mobile number and method of money transfer. - Pay for the transfer.
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.