OrbitRemit international money transfers
Our verdict
Fast online transfers in more than 20 currencies, with no fees when you send $10,000 or more.
OrbitRemit is a good choice for larger transfers as there are no fees for transfers of $10,000 (or equivalent) or more. And for all other transfers, fees are fixed and generally kept low. But you'll never get the mid market interest rate so check you're happy before you proceed.
While you won't be able to pay with card, you can make bank and POLi transfers. And your recipient can receive funds into a bank account or as a cash pickup in certain countries. Sadly, you can only use OrbitRemit to make transfers from Australia, New Zealand or the UK. If you're not based in one of these countries,you'll be forced to look elsewhere.
- Good for sending money fee-free when it's $10,000 or more.
- Not so great if you want to pay with card.
Details
Product details
| Product Name | OrbitRemit |
| Maximum Transfer Amount | Unlimited |
| Number of Currencies | 24 |
OrbitRemit exchange rates and fees
When you send money overseas from Australia with OrbitRemit, a $4 fee applies to all transactions except the following, which are fee-free:
- Transfers of $10,000 or more
The other cost you'll need to consider when sending a transfer is the exchange rate OrbitRemit offers. OrbitRemit adds a margin of around 1.5% on top of the mid-market exchange rate before completing your transaction.
Available currencies
OrbitRemit lets you send money overseas in more than 20 currencies, including the following:
- BDT Bangladeshi taka
- EUR Euro
- GBP British pound
- INR Indian rupee
- IDR Indonesian rupiah
- NZD New Zealand dollar
- PHP Philippine peso
- USD US dollar
What types of transfers can you make with OrbitRemit?
OrbitRemit is an online transfer service that supports one-off and recurring transfers. There are two types of transfers available:
- Bank account transfers
- Cash pick-up transfers (only available when sending funds to the Philippines or Vietnam)
How long does a transfer with OrbitRemit take?
OrbitRemit transfer times vary depending on where you are sending your money.
While transfers to some destinations, such as New Zealand and India, are completed within one working day, most transactions will take one to three working days.
What payment methods does OrbitRemit accept?
There are two options to choose from when paying for your transaction:
- Bank transfer
- POLi transfer
Transfers typically take
3 days
Is OrbitRemit safe to use?
- Regulation: Regulated in several countries.
- Established: 2008.
- Reviews: Rating of 4.9/5* from 27,500+ reviews on Trustpilot.
- Customers. Have served over 500 customers.
OrbitRemit is regulated by the Australian Securities & Investments Commission (ASIC) and is registered as a remittance provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). It is also registered as an authorised payment institution (API) with the Financial Conduct Authority (FCA) in the United Kingdom. All client funds deposited with OrbitRemit are kept in a segregated account that is kept separate from OrbitRemit's own operating funds.
How does OrbitRemit make money?
OrbitRemit makes money in two ways:
- It charges a flat fee on all transfers except those that are sent to India or that are for $10,000 or more.
- It adds a margin on top of the mid-market exchange rate. The mid-market rate is the "real" exchange rate you see listed on currency conversion sites and is the rate at which banks buy and sell currency from one another.
How to register an account
It's free to sign up for an account with OrbitRemit by completing the following steps.
How do I make an international money transfer with OrbitRemit?
You can send an international transfer with OrbitRemit by completing the following steps:
- Visit the OrbitRemit website and log in to your account.
- Once the deposit has cleared, log in to your CurrencyFair account and click the "Exchange" menu.
- Enter the amount of money you wish to send and the currency your beneficiary will receive.
- Either select an existing recipient or create a new recipient by providing their name and bank account details.
- Review the details of your transfer, including the amount being sent, the exchange rate, the transfer fee and your recipient's details.
- Choose your payment method and finalise the transfer.
What is OrbitRemit?
Founded in 2008, OrbitRemit is a global foreign exchange service that offers international money transfers to 39 countries. Headquartered in New Zealand, the company provides transfer services to customers in New Zealand, Australia and the UK. Its mission is to provide fast and secure payments to friends and family overseas, but it also offers business transfers.
In a nutshell
Pros:
- Bank-beating rates and transparent, fixed fees. OrbitRemit's exchange rates are better than those on offer from major banks. It also offers a simple and straightforward fee structure, plus fee-free transfers when you send $10,000 or more.
- 24-hour customer service. If you need help with a transaction, OrbitRemit offers 24-hour phone and live chat customer support.
- Easy to use. The online transfer service is quick and easy to use with an intuitive user interface.
- Transfer app available. If you want to send money overseas from your smartphone, OrbitRemit offers an app for Android and Apple devices.
Cons:
- Limited payment methods. OrbitRemit don't accept credit card payments.
- Smaller transfers. Not as competitive with the likes of XE and Wise for smaller transfers.
- Operate in three countries. Limited Only available to Australian, New Zealand and UK residents.
How does OrbitRemit compare to other providers?
Frequently asked questions
- OrbitRemit official website, accessed March 2023
Your reviews
Tim Finder
Writer
Hi there, looking for more information? Ask us a question.
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Nikki Angco
April 04, 2019
Hi Hedda,
Thanks for reaching out to Finder! To know why your payment hasn’t been processed yet, we suggest to get in touch with OrbitRemit and you can get their contact information on their CONTACT US page on their website. Hope this helps!
Best,
Nikki
Marilet
August 03, 2017
Do you send as well in the United Arab Emirates?
Rench Finder
August 04, 2017
Hi Marilet,
Thanks for your inquiry. Please note that we are not affiliated with OrbitRemit or any company we feature on our site and so we can only offer you general advice.
Unfortunately, United Emirates is not on OrbitRemit list of country/currency for money transfer/exchange.
Thankfully we have a guide that discusses how you can send money to the UAE. You will also find a list of service providers, which you can use to send money to the UAE.
Cheers,
Rench
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Paula
August 20, 2016
Please give me your customer service telephone no. I cannot find on the website.
Chester
August 21, 2016
Hello Paula,
Thanks for your question,
Are you pertaining to our customer service telephone number or OrbitRemit International Money Transfers contact info? will be waiting for your response.
Cheers!
Chester
Roy
July 19, 2015
Hi .
I only have a passport and photo drivers license.
No other documents with my address.
bank statements are sent online and next one not due for another 2-3 months.
How can i get an account
Belinda Punshon
July 20, 2015
Hi Roy,
Thanks for your enquiry.
To create an account with OrbitRemit International Money Transfers, you’ll need a bank account with any bank in one of the countries they send funds from, an existing email address, a photo ID for identity authentication (i.e. a copy of your driver’s license or passport), as well as a bank statement or utility bill addressed in your name that’s less than 3 months old to verify your address.
If you don’t have these documents, you’ll need to contact OrbitRemit International Money Transfers directly to discuss your options.
Thanks,
Belinda
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nerissa
June 18, 2015
how im going to check the status of the transfer using the reference number i have? how many digit is the right reference number??
Belinda Punshon
June 18, 2015
Hi Nerissa,
Thanks for your enquiry.
Please note that finder.com.au is an online comparison service so we don’t represent OrbitRemit International Money Transfers.
Your balance should be updated through your online account as to the status of your transfer. Please keep in mind that transfers generally take 36 hours after Orbit Remit has received your payment.
It would be best for you to contact OrbitRemit directly- they offer 24/7 customer service to their customers.
Kind regards,
Belinda
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Hedda
April 04, 2019
Please provide your customer service number to inquire why my payment has not been processed yet after few days of waiting?
Thanks