iRemit international money transfers review
- Number of Currencies
- 2
- Minimum Transfer Amount
- $1
- Fees (Pay by Bank Transfer)
Our verdict
Easy transfers to the Philippines but limited payment options for Australians based outside of Perth
IRemit allows you to send money to the Philippines from more than 39 countries around the world and there's a mobile app to make transfers easier.
You'll need to sign up for an account first before you can use IRemit's online calculator, and even then, the calculator doesn't factor in the fees or markup that will apply. Unfortunately, there's a real lack of transparency as you'll only see a full breakdown of costs once you confirm your transfer. By this point, it could be too late to cancel the transfer if you're not happy with the charges.
Overall, if your recipient is located somewhere other than the Philippines, or you want to see the fees you'll pay upfront, you're best looking elsewhere.
Pros
-
Recipients can withdraw cash within minutes via the iRemit Visa Card
-
Easy transfers through the iRemit app
-
Available in 39+ countries
Cons
-
Full fees only shown after you confirm your transfer
-
$9,999 limit for app and online transfers
-
Only one Australian branch, which is located in Perth
Details
Product details
| Product Name | iRemit International Money Transfers |
| Customer Service | Live chat, Email, In person |
| Maximum Transfer Amount | Unlimited |
| Number of Currencies | 2 |
iRemit’s exchange rates and fees
A remittance fee of $8 is charged for each bank transfer, which is not clear from the payment calculator on iRemit's homepage. For cash pickups, this fee is $9. Your exchange rate will be locked in until 23:59:59 of the day that you confirm your transaction.
The breakdown of fees is shown right before you confirm the transaction. No other fees will be applied.
Calculate how much your transfer with iRemit could cost
Finder Score for money transfer
We review money transfer providers for different features to assign them a score out of 10. The higher the score, the more competitive the product.
How long does an iRemit money transfer take?
iRemit money transfer times depend on what service you choose.
- Loading funds onto the iRemit Visa Card: minutes
- Online bank transfers: 4 Filipino working days
- Door-to-door delivery: up to 14 days
- Cash pickup: 24 hours
Is iRemit safe to use?
iRemit gives users tips on how to stay aware of security and fraud practices. It encourages customers to contact iRemit in the case of suspicious fraudulent activity.
- iRemit may call customers to verify certain details regarding a transaction.
- iRemit is regulated in the Philippines by Bangko Sentral ng Pilipinas and the Securities and Exchange Commission. To provide remittance services in Australia it must also be registered with AUSTRAC on the remittance sector register - check the register before you send, and keep in mind that registration is not a government guarantee that your money is safe.
What iRemit’s reviews say
iRemit has received a number of negative to average reviews on Trustpilot. General feedback included bad customer service and transaction delays. One reviewer talked about difficulties in sending less than $200 despite no minimum limit. As of 6 March 2023, it is rated 1.6 out of 5 stars.
What payment methods does iRemit accept?
iRemit accepts two payment methods:
- Transfer from a bank account
- Over-the-counter payment at a branch
What are the ways you can send money with iRemit?
Customers can make payments with iRemit in four methods.
- Credit bank transfer. Funds can be transferred as credit into the recipient’s bank account.
- Cash pickup. The beneficiary can pick up the cash from an iRemit branch 24 hours after the deposit.
- Home delivery. Funds can be delivered to the recipient’s door.
- iRemit or Chinatrust Visa Card. Recipients can withdraw the money from their Sterling Bank of Asia account using the iRemit Visa Card. The same can be done using a Chinatrust Visa Card.
What do you need to send money online through iRemit?
You’ll need a few key pieces of identification before you can send money through iRemit:
- An iRemit account. Creating an account is free.
- Photo ID. Valid ID is required to transfer with iRemit. Acceptable forms are your passport or driver’s licence.
- Beneficiary’s name and contact information. You will need to enter your beneficiary’s name, contact and payment details to confirm the transaction.
How to make your first transfer with iRemit
- Log into your account and go to “Send Money”.
- Enter the amount you want to send.
- Select the method of transfer.
- Choose the source of transfer.
- Enter recipient’s information.
- Enter payment information.
- Send money.
Reviewer's experience with signing up
The first stage of signing up – inputting personal information – was straightforward. However, verifying my ID took longer than expected. There is no option to upload photo evidence. It can only be submitted by taking a photo with your device at the time of verification which lagged considerably.
Like many other reviewers, my app experienced delays and the website did not have an intuitive design. Apart from this, the rest of the app worked as I expected.
How to track an iRemit transfer
You can track the status of your transfer by contacting iRemit’s customer service team and quoting the reference number. You can also do this online by checking the "My History" tab once you are logged into your account.
Is there an iRemit app?
Yes, IREMITX is the company's app and is available on the App Store and Google Play. Through the app, you can:
- Send money. Choose from different payment options for sending your money.
- Make payments. Manage payments for Philippine government contributions, insurance premiums, real estate authorisations and more.
- Shop. Make purchases from selected partners such as food stores and gift retailers.
- View your history. Get a list of past transactions for your records.
The app has mixed reviews, with the latest posts complaining about slow load times. iRemit's customer service team has acknowledged this, claiming that it is caused by an ongoing system upgrade. There is no indication of when it will be completed at the time of writing.
| Ratings accurate as of 6 March 2023 | |
|---|---|
| Google Play | 4.2 out of 5 – based on 388 customer ratings |
| Apple App Store | 2.2 out of 5 – based on 88 customer ratings |
How does iRemit compare to other services?
Finder Score for money transfer
We review money transfer providers for different features to assign them a score out of 10. The higher the score, the more competitive the product.
Bottom line
iRemit offers basic money transfer services to the Philippines. Once registered, you will be able to easily manage your transfers on the go through the app. But if you want greater flexibility and transparency to transfer larger amounts, check out what other services are available that meet your money needs.
Frequently asked questions
Your reviews
Rosie Finder
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