WorldRemit Money Transfer Review

Fast, flexible, and secure money transfers

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 Review – Overall score 7.9

WorldRemit is a leading online money transfer service that aims to make sending money abroad easy, quick, and safe. With a presence in over 130 countries, it allows users to send money to their loved ones wherever they are in the world. One of the standout features of WorldRemit is its convenient and user-friendly platform, which enables users to make transfers from the comfort of their own homes. The service offers competitive exchange rates and low fees, making it a cost-effective option for international money transfers. With a strong focus on security, WorldRemit ensures that all transactions are protected with state-of-the-art encryption technology. Overall, WorldRemit is a reliable and efficient money transfer service that is recommended for anyone looking to send money internationally.

What MoneyZoe appreciates about WorldRemit:

Ensuring safety and trust through their reliable transfer service
Wide range of service options to meet individual needs
User-friendly interface and seamless user experience
User-friendly interface and seamless user experience

What MoneyZoe considers as areas for improvement:

Fees and exchange rates may not always offer the most competitive pricing
Occasional lack of transparency in fee structures, with fees embedded in exchange rates

WorldRemit remains a trusted and secure money transfer service, instilling confidence in their users. While their fees and exchange rates may not always be the most favorable, their dedication to providing outstanding service and features, coupled with positive customer reviews, sets them apart in the industry. Whether you need to send money for personal or business purposes, WorldRemit offers a reliable and convenient solution with a wide range of features to meet your specific requirements.

Fast, flexible and secure money transfersor compare WorldRemit’s fees

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 MethodsAirtime Top Up
Bank Transfer
Cash Pickup
Mobile Money
 Payment OptionsBank Deposit
Debit Card
Credit Card
 Transfer SecurityLicensed by government regulators
Compliant with highest security standards
 Customer Support24/7 availability in six different languages
 Mobile AppFree download for convenient on-the-go transfers
Transfer HistoryTrack 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.

Fast, flexible and secure money transfersNo fee with the code 3FREE

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.

Fast, flexible and secure money transfersNo fee with the code 3FREE

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.
How to transfer money internationally with WorldRemit
Sign up: Begin by creating an account

This involves providing your email address and selecting a strong password. The process is straightforward, whether you choose to sign up via the WorldRemit app or website.

Verification

For added security, your identity will be verified. However, this process shouldn’t take too long, and it’s a necessary step to ensure secure money transfers.

Select the Country

You will need to select the receive country and transfer method. In addition, you will enter the amount you wish to send. WorldRemit will show you any applicable fees and exchange rates up front, ensuring transparency

Receiver Information

Having your receiver’s details available is essential. This information may vary depending on how you choose to transfer the money.

Payment

Finally, you’ll choose how you want to pay for the transfer, which may include a bank deposit, credit, or debit card. WorldRemit offers flexibility so that you can choose the most convenient option for you.

Fast, flexible and secure money transfersNo fee with the code 3FREE

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.

Fast, flexible and secure money transfersNo fee with the code 3FREE

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.

WortdRemit Transfer Money
7.9
WorldRemit Money Transfer
POSITIVES
  • No minimum transfer amount
  • Multiple transfer methods
  • Same-day transfers
NEGATIVES
  • Transfer fees can be on the higher
  • Low transfer limits in some countries

Safety & Trust 
8.5/10
Fees & Exchange Rates 
7/10
Service & Features
7.5/10
Customer Reviews 
8.5/10

WorldRemit Promotional Offer: Code 3FREE

WorldRemit is currently offering a special promotion that allows users to enjoy fee-free money transfers for their first three transactions. By applying the promo code 3FREE during the payment process, customers can take advantage of this limited-time offer without any WorldRemit transfer charges. Here’s how it works:

  •  Sign up: Users can easily create an account with WorldRemit by accessing the app or website.
  •  Select: After signing up, users can choose the destination country from the dropdown list provided. Then, simply enter the desired amount to be transferred. By doing so, users can view the transparent breakdown of fees and exchange rates upfront.
  •  Add recipient details: In order to complete the money transfer, users must provide all necessary recipient information through the app or website.
  •  Apply promo code: To enjoy fee-free transfers, users should remember to enter the code 3FREE within the designated promo code area during the payment process.
  • Repeat: Users should continue using the same promo code on their second and third money transfers to ensure that all three transactions are fee-free.

This special offer will remain valid until 31 December 2023 at 11 pm GMT+1.

Fast, flexible and secure money transfersNo fee with the code 3FREE

WorldRemit FAQ’s

Is WorldRemit Legit?

WorldRemit is a legitimate and reputable money transfer service. Established in 2010, it has quickly gained recognition and trust from users worldwide. The company has received positive reviews and maintains strong partnerships with banks and cash pickup locations globally.

Who Owns WorldRemit?

WorldRemit is a privately-owned company founded by Ismail Ahmed in 2010. Ahmed recognized the need for a simple and accessible money transfer service based on his own experiences as a student in the United Kingdom.

How long does a transfer with WorldRemit usually take?

Transfer times vary depending on the receive method and destination country. In most cases, transfers are completed within minutes.

Are there any hidden fees?

WorldRemit believes in transparency. The fees are upfront, and there are no hidden charges.

Can I cancel or amend a transfer after it has been initiated?

WorldRemit strives for fast transfers; therefore, cancellations or amendments may not always be possible. Is always recommend double-checking all details before confirming your transfer.

Which is better WorldRemit or Western Union?

WorldRemit and Western Union are both popular international money transfer services, but they have some differences. WorldRemit generally offers lower fees and better exchange rates than Western Union. However, Western Union has a larger agent network and offers more flexible transfer methods. Ultimately, which service is better depends on the specific needs of the use

What are the disadvantages of WorldRemit?

One potential drawback is that the transfer limits may be lower compared to other services. Another potential disadvantage is that, in some cases, the recipient may need to create an account with WorldRemit to receive funds.

Can I use a credit card on WorldRemit?

You can use a credit card to fund your WorldRemit transfer, but it may come with additional fees. When funding a WorldRemit transfer, you have the option to use a credit card, but it’s important to note that there may be additional fees associated with this payment method. However, if you choose to pay with a debit card, there are usually no extra fees involved, apart from those that are clearly stated at the time of payment. It’s worth mentioning that there are exceptions to this rule. For instance, if you use a card issued in a country different from the one you are registered with (such as using a US card when your account is based in the UK), your card issuer may charge a foreign exchange fee, which is not imposed by WorldRemit but depends on your specific card terms and conditions. Additionally, some credit card issuers may treat the transaction as a cash transfer and apply a fee accordingly, which again depends on your individual card terms and conditions.

Can you get your money back from WorldRemit?

WorldRemit has a refund policy for canceled transactions, and in some cases, you may be able to get your money back. However, the process of getting a refund can be lengthy and may depend on the specific circumstances of the transaction.

Share your love
Christian M
Christian M

Meet Christian - he's a digital entrepreneur with a passion for finance, personal growth, and marketing. He likes discovering new cutting-edge financial products that can help to improve people's lives.