If you’re looking to send money overseas, the many options available can get a bit overwhelming. While OrbitRemit is Australia and New Zealand’s most trusted online money transfer platform, they’re not the only option.
One alternative in the digital money transfer market is WorldRemit. WorldRemit was founded in 2010 by Ismail Ahmed who wanted to help people like himself improve the lives of their loved ones when sending money overseas.
WorldRemit now serves 5.7 million customers globally, providing convenient online money transfers with various options for sending including bank transfer, mobile money and cash pick up.1
In this article, we’ll go through the key features of WorldRemit and how they can help you to send money overseas.
What currencies does WorldRemit support?
WorldRemit supports 61 currencies.2 With WorldRemit, you can send money from 50 countries within Africa, Asia, the Americas, Australia, Oceania and Europe3, and you can send money to over 130 countries in Africa, Asia, the Americas, Australia, New Zealand, Europe and the Middle East.4
What does WorldRemit charge for an international money transfer?
WorldRemit’s fee structure is not fixed, so it’s difficult to give a definitive answer. The fee will change depending on the amount you’re sending, the transfer method and where you are sending to.5 For many countries, you will find a standard fee between $0.99 – $3.99, but this could be higher or lower depending on the variables.
Thankfully, you can find out exactly what fee is required by inputting your transfer details into WorldRemit’s calculator.
What is WorldRemit’s exchange rate?
WorldRemit applies a mid-market markup to its exchange rates, with the exact amount varying based on location. Generally speaking, the margins range from 0.9% – 3%.6
You can use the exchange rate calculator on the WorldRemit site for an accurate estimation the rate and fee that will be charged between currencies of choice.
How long does a money transfer with WorldRemit take?
Converting money from one currency to another using WorldRemit can take between 1-2 working days but is often within minutes. This will depend on where money is being sent to and how it’s received.
WorldRemit provides an estimate of how long your transaction should take when you input your transfer details into the calculator. The time will vary based on send and receive currencies, payment method, time of payment and any necessary identity checks.7
How to sign up with WorldRemit?
To sign up and start sending money with WorldRemit, you can download the WorldRemit app or visit the website and click Sign Up. Create your account using your full name as per government issued ID and email address.8 Make sure you use an email you have access to, as you’ll need this later in the process to verify your account and receive communications.
After accepting the terms and conditions and verifying your email address, you may need to provide some further information depending on where you’re sending money to and from. This could include mobile number, home address and a picture of yourself holding ID for identification purposes.
Once verified, you’ll be ready to add recipient details, select payment methods and start sending money around the world.
How to contact WorldRemit?
If you have questions about WorldRemit’s service, there are many helpful articles on their FAQ pages in the Help Hub. WorldRemit encourages customers to seek advice here first before reaching out to them via phone.
Check the Where’s my money? page if you’re unsure about your transfer status, the Getting Started page if you’re a new customer or the services page for an overview of WorldRemit’s services.
If you can’t find the answer to your query online, find the relevant phone number for your country here. Be prepared with your transaction ID or case number to help the team assist you faster.
Can I trust WorldRemit with my money?
Yes, WorldRemit takes safety and security seriously. As an international business, they are licensed and regulated according to local laws in every country they operate in.9
Their website and app is designed to prevent accounts from unauthorised login attempts and transfer fraud. They also employ a team of analysts who monitor transactions for signs of unusual activity and have strict verification processes for identifying customers.10
WorldRemit encourages customers to take safety into their own hands too. For a list of protective measures that can help keep your money safe, see WorldRemit’s tips for staying safe online.
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If you found this page while comparing options for online money transfer, you’re in the right place! As we already mentioned, OrbitRemit is Australia and New Zealand’s most trusted international money transfer platform, with a 4.9/5 star rating on Trustpilot from over 30,000 reviews. Don’t believe us? Check out what our happy customers have to say about our services here.
- https://www.worldremit.com/en-au/about-us ↩︎
- https://www.finder.com.au/international-money-transfers/worldremit-international-money-transfers ↩︎
- https://www.worldremit.com/en-au/faq/send-from ↩︎
- https://www.worldremit.com/en-au/faq/send-to ↩︎
- https://www.thecurrencyshop.com.au/reviews/worldremit ↩︎
- https://www.finder.com.au/international-money-transfers/worldremit-international-money-transfers ↩︎
- https://www.worldremit.com/en-au/faq/getting-started#how-long-will-it-take-for-the-money-to-arrive ↩︎
- https://www.askhandle.com/blog/how-to-create-worldremit-account ↩︎
- https://www.thecurrencyshop.com.au/guides/worldremit-safety ↩︎
- https://www.worldremit.com/en-au/faq/security-and-fraud#were-helping-too ↩︎