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Review: Unimoni international money transfers

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Unimoni

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Summary

Unimoni lets you send money to more than 190 countries, but you'll need to create an account to find out what transaction fees apply.

In this guide

  • Review
  • Details
    • Product details
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  • Ask a question

Details

Product details

Product Name Unimoni
Pay By Bank transfer, Cash
Receiving Options Cash pickup location, Bank account
Customer Service Phone, Live chat, Email

Quick verdict

Good for
  • Wide range of supported currencies
  • Bank transfers and cash payouts
  • Competitive rates
  • Easy to use
Not so great for
  • Paying by credit/debit card
  • Transparent fee information

Unimoni exchange rates and fees

Unimoni adds a margin on top of the mid-market exchange rate before selling currency to its customers. The mid-market rate is the "real" exchange rate you see listed on Google and Reuters.

The company also charges a transaction fee on all transfers, which varies depending on where you're sending money and the type of transfer you select.

Available currencies

Unimoni allows you to transfer money to more than 190 countries. Supported currencies include:

  • INR Indian rupees
  • PHP Philippine pesos
  • PKR Pakistani rupees
  • LKR Sri Lankan rupees
  • BDT Bangladeshi taka
  • USD US dollars
  • EUR Euros
  • GBP British pounds

What types of transfers can you make with Unimoni?

Unimoni offers two types of transfers for Australian customers:

  1. Online money transfer. You can send a transfer directly to your recipient's overseas bank account through the Unimoni website or mobile app.
  2. Cash payout. You can send an instant cash transfer to 200,000 cash collection locations around the world. This service is offered in conjunction with Xpress Money and MoneyGram. Your recipient can collect the funds by visiting the nominated cash pick-up location and providing photo ID and the transaction reference number.
  3. Instant bank transfers. Unimoni's FLASHremit service offers fast transfers to your recipient's bank account. This option is only available for selected countries.

How long does a transfer with Unimoni take?

Transfer speeds will vary depending on the delivery method you've selected.

  1. Cash payout transfer. Almost immediately
  2. Bank account transfer. 1–2 business days

Which payment methods does Unimoni accept?

There are three ways to pay for your transfer with Unimoni:

  • Internet transfer
  • BPAY

Is Unimoni safe to use?

  • Regulation: Regulated by the Australian Securities and Investments Commission (ASIC)
  • Established: 1980
  • Customers: 15 million
  • Reviews: Trustpilot TrustScore of 9.6/10 from 927 reviews
  • Security: 128-bit SSL encryption used
*According to Unimoni and Trustpilot on 11 May 2023

Unimoni Australia is regulated by the Australian Securities and Investments Commission (ASIC). It is also listed on the Australian Transaction Reports and Analysis Centre (AUSTRAC) Remittance Sector Register. Unimoni is part of UAE Exchange Group (UX Holdings Limited), which is a company incorporated under the laws of Dubai International Financial Centre.

Unimoni guarantees the safety of your money and information when sending an online transfer. It uses SSL encryption to secure transactions and Unimoni Australia is reportedly monitored by Norton Secured powered by VeriSign.

How does Unimoni make money?

Unimoni makes money in two ways:

  1. By charging a nominal fee on all transfers
  2. By adding a margin on top of the mid-market exchange rate. This margin is commonly between 0.5% and 1%, but can be higher in some cases.

How to register an account

How do I make an international money transfer with Unimoni?

Here's what you'll need to do to send money overseas with Unimoni:

  1. Visit the Unimoni website and log in to your account.
  2. Choose whether you want to send a bank transfer or a cash payout transfer.
  3. Add your recipient's name, contact details and bank account details (if required).
  4. Enter the amount and currency you want to send.
  5. Choose your payment method.
  6. Review all transaction details and click "Send" to finalise your transfer.

What is Unimoni?

Unimoni is a global money transfer, foreign currency exchange, credit solutions and payment provider. It is part of the UAE Exchange group of companies, which was founded in 1980 and has its headquarters in Abu Dhabi. The group operates in 31 countries around the world and has served more than 15 million customers.

In Australia, UAE Exchange and Money2Anywhere re-branded to the Unimoni Australia moniker in 2018.

In a nutshell

Pros
  • Competitive exchange rates. Use Unimoni's online exchange rate calculator to see how its rates compared to those offered by other transfer services.
  • Payout options. You have the flexibility of sending either a bank account deposit or cash pick-up transfer.
  • Easy to use. Unimoni's online platform is easy to navigate and use.
  • Wide range of currencies supported. Unimoni allows you to send overseas transfers to more than 110 currencies.
Cons
  • Limited fee information. If you want to calculate the fees and charges that will apply to your transfer, you'll first need to sign up for a Unimoni account.
  • Can only pay from your bank account and cash. If you want to pay for your transfer with your credit/debit card, you'll need to consider using a different transfer service.

How does Unimoni compare to other providers?

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Limited time offer: Earn up to 125,000 bonus Qantas Points as a first-time converter. Ends 30 April 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
Airwallex
Within minutes
$0
Streamline global payments in 60+ currencies. Send & receive securely in 150+ countries, with fast settlements & competitive rates. Simplify book-keeping & manage everything in one place.
TorFX Business Transfers
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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Name Product Description Minimum Order Amount Maximum Order Amount Delivery/Pickup Method Commission Fees
Travelex Foreign Currency
Travelex Foreign Currency
Travelex makes it easy to exchange and get the best rate on over 40 currencies so you can be prepared for your next holiday.
$500
$5,000
In Store or At Airport
$0
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FAQs

  1. Unimoni official website, accessed March 2022

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