Review: Unimoni international money transfers

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.

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. 2–3 business days

Which payment methods does Unimoni accept?

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

  • Internet transfer
  • BPAY
  • POLi Payments

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 12 February 2019

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. If you want to pay for your transfer with your credit/debit card or cash, you'll need to consider using a different transfer service.

How does Unimoni compare to other providers?

If you want to see how Unimoni's fees and exchange rates stack up against the competition, check out the comparison table below.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 2 days AUD 9.00 0.652 USD
3,256
Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.671 USD
3,354
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 3,000 1 day GBP 20.00 0.667 USD
3,325
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.671 USD
3,354
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.671 USD
3,354
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 15.00 0.671 USD
3,344
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.671 USD
3,354
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.667 USD
3,332
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.665 USD
3,324
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 200 1 day AUD 0.00 0.668 USD
3,340
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers

The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Rates last updated October 16th, 2019
Name Product Description Minimum Order Amount Maximum Order Amount Delivery/Pickup Method Commission Fees
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

Compare up to 4 providers

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