Review: WorldRemit international money transfers December 2018

Send money overseas with WorldRemit’s range of options, including to a mobile or cash pick-up location.

Quick verdict

Good for
  • Small transfers
  • Competitive exchange rate
  • Fast transfers
  • Sending money to a mobile wallet or as cash
Not so great for
  • Large transfers
  • Instant customer service

Product NameWorldRemit International Money Transfers
Min. Transfer AmountAUD 1
Max. Transfer AmountAUD 50,000
Transfer MethodsOnline, Bank Account to Bank Account, Cash Transfer
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
Within an hour
Customer ServicePhone, Email
Available CurrenciesAED, ALL, AMD, ANG, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, BYN, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW
Online Transfer FeeAUD 3.99
Exchange Rate UpdatesDaily

Pros

  • No minimum transfer amount
  • Large range of destinations
  • Competitive exchange rate

Cons

  • Significant amount of transfer fees as amount goes up
  • Maximum amounts apply when sending

WorldRemit Deals WorldRemit Deals

WorldRemit - Zero Fees on Your 1st Money Transfer

Select your destination on the left to get started and use our promotion code.

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WorldRemit exchange rates and fees

WorldRemit updates its rates daily to reflect changing market conditions and these rates generally compare favourably to the rates available from other providers and banks.

The fee you’ll be paying depends on the amount you send, where you send it and how your recipient will access the money.

Calculate how much sending money overseas would cost with WorldRemit by using our tool below. You can also check out the real-time exchange rate WorldRemit offers and if there are any additional fees.

Rates last updated December 16th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
AUD 1
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
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.

Compare up to 4 providers

Available currencies

WorldRemit sends money to over 140 countries worldwide, although the transfer types vary depending on the country. You can check out the full list of currencies here, but some of the more popular ones that WorldRemit lets you send to are:

  • INR Indian rupee
  • VND Vietnamese dong
  • GBP British pound
  • PHP Philippine peso
  • LBP Lebanese pound
  • EUR Euro
  • LKR Sri Lankan rupee
  • THB Thai baht

What types of transfers can you make with WorldRemit?

Although it varies from country to country, WorldRemit offers a range of ways you can send money, including:

  • Mobile wallet. Send to your recipient’s smartphone wallet. This option is helpful if your recipient doesn’t have a bank account and isn’t near a cash pick-up location.
  • Cash pick-up. You can send money to a cash pick-up location for your recipient to collect. If you choose this option, the person picking it up will need valid photo ID on hand and the reference number.
  • Bank transfer. The money will be deposited directly in the bank account you choose. You’ll need to know their SWIFT code as well, which you can read more about here.
  • Airtime top-up. This is used when you want to send money directly to your recipient’s mobile to top up their pre-paid plan. Credit top-ups are often instant. Quite a few of WorldRemit’s countries only offer airtime top-up.
  • Door-to-door delivery. Instead of picking up the cash at a fixed location, this option means your cash is delivered physically to your recipient’s home.

How long does a transfer with WorldRemit take?

Generally speaking, most transfers with WorldRemit arrive almost instantly. Some kinds take longer, depending on how you’ve paid for it and what the transfer type is.

For example, if you pay by card, it may take longer while your card is authorised. If you choose home delivery as your delivery method, it can take from between 24 hours and seven days, depending on your location. With a bank transfer, it depends which banks are involved – instant transfers are an option for a selected group of banks.

Transfers typically takeClock icon for transfer speed

1 day

What payment methods does WorldRemit accept?

You can pay for your transfer with WorldRemit through a bank transfer or card. If you’re sending through debit or credit card, you can’t send more than $5,000 at a time. You can also pay via Apple or Android Pay, but the same limit per transaction applies.

Is WorldRemit safe to use?

  • Security and regulation: Government regulated, can enable 2-factor authentication
  • Established: 2010.
  • Number of customers: Over 3 million*.
  • Reviews: TrustPilot gives WorldRemit a score of 9.2 out of 10, based on over 22,000 reviews*
  • Investors: Accel, TCV, LeapFrog
*According to WorldRemit and Trustpilot on 23 October 2018.

WorldRemit is regulated in Australia by ASIC (the Australian Securities and Investments Commission), which regulates finance companies. This means WorldRemit has to keep its clients’ money separate from its own funds, so you’re protected if WorldRemit runs into financial difficulties.

Two-factor authentication is a setting you can put on your account which requires two types of verification when logging in. This adds another layer of protection against anyone trying to hack into your account.

How does WorldRemit make money?

WorldRemit makes its money off both fees and the margin on exchange rates. The fee varies from currency to currency, but most are around the $3.99 mark.

WorldRemit, like most other providers, also adds a margin onto the exchange rate. This is why the exchange rate you get quoted varies from company to company, and also from what you can see on Google or XE.

For example, a provider may quote you 1 AUD = 36.99 PHP for a money transfer to the Philippines, while the rate you can see on Google is 1 AUD = 38.12 PHP. This difference is the margin and it’s how providers cover their own fees.

How to create a WorldRemit account and send your first transfer

You can sign up with WorldRemit online and, as soon as you’re verified, can make transactions quickly and easily.

What is WorldRemit’s background?

WorldRemit was launched in 2010 by Somali migrant Ismail Ahmed while he was studying in London. It aims to be a low-cost alternative to services like MoneyGram and Western Union, with the whole transfer taking place online.

WorldRemit has a focus on mobile transfers and sends money to more than 145 countries. Its headquarters are in London, with other offices in Sydney, the US, Canada and New Zealand.

In a nutshell

Pros

  • Competitive fees. The fees are generally quite a lot less than what you’ll find at your bank.
  • Easy-to-use website and app. We were able to sign up and start a transfer in about five minutes.
  • No minimum transfer. With no minimum, WorldRemit is best suited to smaller transfers.
  • Flexible options. You can pay with a range of options including card, bank transfer or Android Pay. Your recipient can also receive the money in a number of ways.

Cons

  • Limited maximum transfer. You can’t send more than $5,000 at a time if you’re using card or Apple/Android Pay.
  • No live-chat. If you have questions, you’ll either need to call or fill out an online form.

How does WorldRemit compare to other providers?

Our table below shows you the fees and exchange rates you can expect from other money transfer specialists. Compare WorldRemit to the other providers below to see if it’s the best option for you.

Rates last updated December 16th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Bank Account to Bank Account
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in over 30 currencies. Once registered, you'll be assigned an account manager who can provide support and guidance.
WorldFirst International Money Transfers
AUD 2,000
1 day
Online, Phone, Bank Account to Bank Account
Use code FINDER20 for $20 credit towards your next transfer*. Conditions apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
*Offer valid for one-time use and only applies to transfers of AUD$10,000 or more.
OFX (Ozforex) International Money Transfers
AUD 250
1 - 2 days
Online, Phone, Bank Account to Bank Account
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
WorldRemit International Money Transfers
AUD 1
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Global Reach (formerly FC Exchange) International Money Transfers
AUD 3,000
1 day
Online, Phone, Bank Account to Bank Account
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.
XE International Money Transfers
AUD 10,000
1 day
Online, Bank Account to Bank Account
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees.
FlashFX International Money Transfers
AUD 200
1 day
Online, Bank Account to Bank Account
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees.
Exclusive: InstaReM International Money Transfers
AUD 200
1 - 2 days
Online, Phone, Bank Account to Bank Account
Exclusive: finder customers receive $15 off their first transaction. T&Cs apply.
InstaReM offers simple and quick international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction, plus finder customers receive $15 off first transfer (T&Cs apply).
TransferWise International Money Transfers
AUD 1
1 - 2 days
Online
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
Remit2India International Money Transfers
AUD 50
Same day
Online, Bank Account to Bank Account
Instant transfers to India from anywhere in the world with $0 transfer fees.
New customers who create an account with Remit2India and make a transfer of AUD$500 or more for the first time will receive a complimentary $25 Coles/Myer e-voucher. Click 'Go to site' for T&Cs.
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.

Compare up to 4 providers

Frequently asked questions

Rosie Russell

Rosie is a writer at finder.com.au, specialising in money transfers. She's constantly planning her next trip overseas and is on a mission to make personal finance easier to understand.

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International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in over 30 currencies. Once registered, you'll be assigned an account manager who can provide support and guidance.

WorldFirst International Money Transfers

Use code FINDER20 for $20 credit towards your next transfer*. Conditions apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
*Offer valid for one-time use and only applies to transfers of AUD$10,000 or more.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

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280 Responses

  1. Default Gravatar
    DebraDecember 7, 2018

    Is it safe to send money through WorldRemit?

    Plus I have heard that bank accounts are being closed for sending money through them is it true can they do this?

    • finder Customer Care
      JoshuaDecember 13, 2018Staff

      Hi Debra,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Yes, it is safe to use WorldRemit. The company is well-regulated by the government. They also have good reviews and millions of customers.

      Regarding your next question, so far, I haven’t heard about bank accounts being closed simply because they used WorldRemit. It could be there are other reasons that those accounts were closed.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    juniorAugust 7, 2018

    are world remit services available in South Africa?

    • Default Gravatar
      JoelAugust 7, 2018

      Hi Junior,

      Thanks for leaving a question on finder.

      WorldRemit services is available in South Africa. There are other options in sending money to South Africa, for more information please click HERE.

      Cheers,
      Joel

  3. Default Gravatar
    allanSeptember 14, 2017

    How can I use Worldremit to send money to Malawi?

  4. Default Gravatar
    JasonDecember 31, 2016

    Hi. I’m trying to work out if we can collect cash pick up in Western Australia (perth) sent from Norway. If so, where would collection be.

    • finder Customer Care
      MayJanuary 1, 2017Staff

      Hi Jason,

      Thanks for getting in touch. Just to confirm that finder.com.au is a third party comparison site and we don’t represent Worldremit.

      The cash-pick up location is actually not yet available in many locations in Australia. For those where it is available, the point of pick up will be listed for the sender to share with the recipient. Alternatively, you can also contact Worldremit directly on the phone number listed above to inquire.

      Cheers,
      May

  5. Default Gravatar
    LovenessNovember 30, 2016

    hi,

    l want to send cash to Zimbabwe and l want the recipient to receive in usd. However l understand the country recently changed currency to local. Yesterday l called your Zimbabwe Harare offices and asked if l will get my money in usd and they said we don’t know as yet. Please advise me accordingly will l get my cash in usd not in the new currency since l am sending in usd. l would be happy to know as l want to send lots of cash for the Christmas holidays.

    Rue

    • finder Customer Care
      ClarizzaDecember 1, 2016Staff

      Hi Loveness,

      Thanks for your question. Just to confirm, you’ve come through to finder.com.au. We are an Australian comparison website. If you would like to speak to a representative from Worldremit, we recommend getting it touch directly with them.

      Otherwise, you can compare other money transfer services.

      Regards,
      Clarizza

  6. Default Gravatar
    enochNovember 17, 2016

    I am in Ghana. Which banks in Ghana can I pick up my money?

    • finder Customer Care
      JasonNovember 17, 2016Staff

      Hi Enoch,

      Thank you for your enquiry.

      Worldremit can do money transfer through bank deposit to Agricultural Development Bank, Fidelity Bank, Ghana Commercial Bank, Golden Link Financial Services and The Royal Bank Limited-Ghana.
      They can also do cash pickup at any branch of Agricultural Development Bank, ARB Apex Bank, Fidelity Bank Ghana, Ghana Commercial Bank, HFC Bank, The Royal Bank, Universal Merchant Bank and UT Bank in Ghana.

      Cheers,
      Jason

  7. Default Gravatar
    ChangeableNovember 3, 2016

    How can I send money to Malawi using Worldremit?

    • finder Customer Care
      JasonNovember 3, 2016Staff

      Hi Changeable,

      Thank you for your inquiry.

      You’ll need to sign-up with WorldRemit before you can do money transfer. You will be prompted to choose your destination country then the type of money transfer you are making and the amount that you’ll be sending. This is an online service only, with no agencies to visit or phone transfers and the recipients can receive the cash through bank deposit, mobile money or cash pick-up. Please note that the cash pick-up option may not yet be available in some locations or countries.
      Please click this link if you want to sign-up with WorldRemit.

      Cheers,
      Jason

  8. Default Gravatar
    RafaelNovember 2, 2016

    I sent money and I was given a transaction number as soon as the process was done. Then they sent me email that my confirmation and transaction number will be sent to me shortly. after a while I got email that my transaction was disable but the money was taken from the card. How do I get my money back?

    • finder Customer Care
      JasonNovember 6, 2016Staff

      Hi Rafael,

      Thank you for reaching out.

      Please note that finder.com.au is an Australian financial comparison service and does not process or manage international money transfers with WorldRemit. If you need to track the status of a WorldRemit transfer or for any other transactions with them, please contact WorldRemit directly on phone number listed on the “Must Read” portion of this page or visit the ‘Contact Us’ page on the WorldRemit website.

      Cheers,
      Jason

  9. Default Gravatar
    paulOctober 6, 2016

    how to transfer nepali rupees to my australian account?
    banks say can,t be done. money can be transferred in But not the other way?

    • finder Customer Care
      ClarizzaOctober 12, 2016Staff

      Hi Paul,

      Thanks for your question.

      You can certainly use an online money transfer service such as Worldremit to send money to Nepal. It might be worth considering a multi-currency account which allows you to have different currencies in one account. You can also speak to a foreign exchange expert, by filling out the form on that page.

      Hope this helps.

      Clarizza

  10. Default Gravatar
    nanaldoSeptember 26, 2016

    how can i track a worldremit transfer

    • finder Customer Care
      LouSeptember 26, 2016Staff

      Hi Nanaldo,

      Thanks for your question.

      You can track your WorldRemit transactions via text and email updates that WorldRemit will be sending you. Alternatively, you can also contact WorldRemit directly on +61 2 6145 2161 (within Australia) or visit the ‘Contact Us’ page on the WorldRemit website.

      Cheers,
      Anndy

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