WorldRemit Money Transfer Review

WorldRemit has become a leading money transfer service, offering a convenient and reliable way to send and receive money across borders. With a user-friendly platform and competitive fees, WorldRemit is a popular choice for individuals and businesses seeking a secure and efficient remittance solution.

WorldRemit Features and Benefits

• Fast and Convenient Transfer Process
• Transparent and Cost-Effective
• High Security Measures
• Excellent Customer Service

How WorldRemit Works

WorldRemit operates entirely online, allowing users to send money from their mobile phone or computer. The process is straightforward: users simply create an account, select the recipient’s country and preferred payout method, enter the amount to be transferred, and then proceed with the transaction. WorldRemit offers a range of payout options, including bank transfers, cash pickups, mobile money, and airtime top-ups, making it flexible for various recipient preferences.

WorldRemit Main Features	Description
Receive Methods	Airtime Top Up Bank Transfer Cash Pickup Mobile Money
Payment Options	Bank Deposit Debit Card Credit Card
Transfer Security	Licensed by government regulators Compliant with highest security standards
Customer Support	24/7 availability in six different languages
Mobile App	Free download for convenient on-the-go transfers
Transfer History	Track payments and view transfer history

Top Destinations for Sending Money with WorldRemit

WorldRemit enables users to send money to over 130 countries worldwide. The availability of transfer services through WorldRemit depends on the country where the recipient resides. These services are categorized based on regions such as Africa, Americas, Asia, Australia-New Zealand, Europe, and the Middle East. Additionally, the transfer types offered by WorldRemit may vary depending on the country from which you are sending money. The range of services provided by WorldRemit includes Mobile Money, Cash Pickup, Bank Transfer, Airtime Top-up, and Home Delivery, ensuring that you have various options to choose from based on your location and the preferences of your recipient.

How Much Does WorldRemit Cost? Fees and Rates

WorldRemit offers competitive fees and exchange rates compared to traditional banks. The exact cost of a transfer will depend on various factors, including the destination country, payout method, and transfer amount. To calculate the fees and exchange rates applicable to your specific transfer, you can use WorldRemit’s online calculator here.

While they don’t display fees upfront, the fees vary based on factors such as the amount being sent and the payout method. For example, cash pickup fees are typically higher than bank deposit fees. However, it’s important to consider exchange rates, as the rate applied may not align with the mid-market exchange range. To estimate costs, WorldRemit provides a calculator on their website.

Anyway, WorldRemit has been found to offer the best rates for transfers between specific currency corridors, such as Japan to the Philippines and South Africa to Nigeria and the United Kingdom. They also remain competitive for users in Malaysia and the United States. To ensure the best deal, it is advisable to compare WorldRemit’s rates to the mid-market range from sources like Google or XE.com.

 WorldRemit prides itself on being cost-effective, with their prices averaging 41% less than most banks for sending money transfers, based on data from the World Bank for Q2 2022. Furthermore, WorldRemit offers savings of 5% on average compared to Ria, Moneygram, and Xoom, as per the same World Bank data.

What Documents You’ll Need to make a transfer with WorldRemit

For identification and security purposes, WorldRemit may require users to provide supporting documents. The specific requirements can vary depending on the country and the amount of money being transferred. Commonly requested documents include a valid government-issued ID, proof of address, and in some cases, additional financial documentation.

WorldRemit Verification Process 

WorldRemit prioritizes efficiency when it comes to the verification process, striving to complete it promptly, usually within a matter of minutes. However, in certain cases where additional documentation or further checks are necessary, the verification process may take a bit longer. Users can contribute to expediting the verification process by providing accurate information and promptly responding to any requests for additional documentation.

To ensure the security and compliance of all transactions, WorldRemit employs a comprehensive verification process. This process combines automated checks and manual reviews to verify the identity of users and evaluate the legitimacy of money transfers. By implementing these measures, WorldRemit aims to protect against fraud and money laundering, fostering overall transaction security and integrity.

WorldRemit Payment Options for International Money Transfers

WorldRemit offers users a range of payment methods for international money transfers, with options such as card payments (debit, credit, and prepaid), bank account transfers, Poli, Interac, iDEAL, Klarna (Sofort), Apple Pay, Trustly, and mobile money available depending on the user’s location. It is important to note that WorldRemit no longer accepts Google Pay as a payment method. When paying by debit card, there are usually no additional fees, unless otherwise stated at the time of payment. However, it’s worth noting that using a card issued from a different country than the one registered may incur foreign exchange fees charged by the card issuer. Additionally, some credit card issuers may apply fees as the transaction is considered a cash transfer. It is not charged by WorldRemit but depends on the individual card’s terms and conditions. Also, WorldRemit requires the funds to come from the user’s own card to comply with regulations and verify customer identities.

How long does it usually take for WorldRemit transfers to be processed and delivered?

The transfer duration for WorldRemit transactions can vary depending on the delivery method selected. Some key points to consider include:

• Bank Transfer: According to WorldRemit, over 50% of bank transfers sent through their platform are received within 10 minutes. However, it is essential to note that the transfer duration may be longer if it’s made during weekends or late in the day, and the payment may not arrive until the next working day.
• Cash Pick-Up: Funds sent via cash pick-up are available instantly for the recipient.
• Mobile Money: The recipient typically receives the funds within minutes of the transfer being sent.
• Airtime Topup: Airtime top-up transactions offered by WorldRemit are also processed immediately, and funds are available within minutes.
• Home Delivery: In some cases, WorldRemit offers the option of home delivery. The transfer duration for this service typically ranges from 24 hours to 7 days, depending on the country and location of the recipient.

It is essential to consider these transfer durations while selecting the delivery method that suits your requirements. Overall, WorldRemit offers a range of transfer methods that can provide fast services and flexibility to users for international transactions.

Is WorldRemit Safe to Send Money?

WorldRemit prioritizes the safety and security of its users’ funds. The platform utilizes advanced encryption technology to secure all personal and financial data. WorldRemit is also a licensed and regulated service, satisfying financial regulatory standards in every operational country. As such, users’ funds and transactions are kept safe and secure. WorldRemit Ltd is duly authorized and regulated by the Financial Conduct Authority (FCA) under the Payment Service Regulations 2017 and Electronic Money Regulations 2011, with registration number 900891.

Tips and Tricks For Best Transfer with WorldRemit

l Take advantage of the first three transfers with no fees by using the promo code 3FREE. (For more information and read the terms here)

• Always check exchange rates before initiating a transfer to ensure the best value for your money.
• Double-check all recipient details to avoid any delays or complications during the transfer process.
• Make use of the mobile app for on-the-go transfers and easy tracking of your payments.

WorldRemit Customer Service

WorldRemit provides customer support through various channels to assist users with their inquiries and concerns. Users can reach out to their customer service team by phone, email, or through live chat, which is available on their website and mobile app.

WorldRemit Refer a Friend: How does Refer a Friend work?

The Refer a Friend program offered by WorldRemit allows users to earn rewards by referring their friends to the platform. To participate, users need to share their unique referral code with their friends, who then sign up for a WorldRemit account and enter the code during the registration process. Once the referred friend sends the specified minimum amount, both the referrer and the friend receive a reward voucher. The voucher can be used for future transactions, as long as the transaction meets the minimum send amount requirement. It is important to note that the voucher must be used within 12 months, as it expires after that period. Users can find more details about the minimum send amounts and voucher values for each country on the WorldRemit website.

What WorldRemit Customers Are Saying

“I have been using WorldRemit for years, and they have never disappointed me. Their transfer process is quick, the rates are great, and the customer service is exceptional.” – John D.

“WorldRemit has made sending money to my family back home so much easier. I can now recharge their mobile phones instantly, and they receive the airtime instantly. It’s hassle-free and convenient!” – Maria S.

“I love the fact that there are no hidden fees with WorldRemit. What I see is what I pay, and that’s something I appreciate as a customer.” – Robert L.

WorldRemit Review: Final Recommendation

If you are in need of international money transfers, WorldRemit is the go-to service. With its convenient features, cost-effectiveness, and commitment to customer satisfaction, WorldRemit provides an excellent solution for sending money around the world. Sign up today and experience the benefits of fast, secure, and affordable transfers with WorldRemit Money Transfer.

WorldRemit FAQ’s