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If you need to send money to India then World Remit money transfer can be an option for you. With World Remit Australia, you can transfer money online to your friends and family in Australia, safely and easily with guaranteed exchange rates & low fees. World Remit provides its users with an easy and convenient way to send international money transfers. With 90 different currencies available across 150 countries, it is well-suited to people all around the world who want to transfer money overseas. Keep reading to see world remit review and everything you need to know about World Remit.
World Remit fees and exchange rates
Mid-market exchange rates refer to the exchange rate that is currently recognised by traders – the same exchange rate that you would find on Google. World Remit adds a mark-up to the mid-market exchange rate, as well as adding a fee.
The total amount that you pay depends on three factors: the destination country, the amount of money, and the method of delivery. The mid-market mark-up varies depending on where you are sending money to. The additional fee for most transfers from World Remit Australia is $3.99; however, some countries have higher fees to transfer larger amounts of money.
World Remit offers several different methods of delivery to choose from, with cash generally incurring higher fees than transferring money to a bank account.
Types of transfer
There are several ways to receive money via World Remit. You can receive money directly into your bank account, into a mobile wallet, or directly to your telecom provider to pay your phone bill. Additionally, you may opt for a cash pick-up at one of World Remit’s partner network locations, or even have cash delivered to your door.
You can pay for your transfer with credit or debit card, Apple pay, Google pay, bank transfer, or prepaid cards.
The minimum transfer amount is AUD $1, and the maximum is AUD $50,000.
How to use World Remit Australia
First, you will need to visit World Remit’s website or download the app and create an account. You will then be able to enter the details of your transfer, including destination, and amount. This will show you the exchange rate and fees. If you want to continue, simply hit ‘send’, enter the recipient’s details, pay for the transfer, and confirm the transfer.
The speed of the transfer will depend on your chosen delivery method. Most take just minutes, however, bank transfers can take up to five business days, and home delivery takes between one and seven business days.
World Remit Review
Over the last nine years, World Remit has grown to serve four million customers, using 90 different currencies, across 150 countries worldwide. With various options for sending transfers to loved ones overseas, including bank deposit, mobile money, and cash pickup, they’ve made it convenient for you to send money, and for your family and friends to receive it. Over 90% of their transfers are authorised within minutes, and with more than 125,000 five star reviews, you can be sure that your money is in safe hands.
With a large number of currencies, destination countries, and methods of delivery available, World Remit offers flexibility and convenience, as well as fast delivery times. However, customers may be inconvenienced by the maximum daily limits and changing fees and mark-ups. They have a email/sms follow up service similar feature we mentioned in our TrasnferWise review. Below is a Trustpilot review by a customer about World Remit.
Very very good service. What I like about them is the follow up emails/SMS they send you to keep you informed about your transaction, I loved it!! Very safe and best way to send money to your family back home 🙂 I would highly recommend WorldRemit.
With over 4.4 ratings on TrustPilot with over 40,000 reviews from around the world, it is safe to say in this World Remit review that the customers are pretty happy with the service. Though there are some occasional complains from customers that you can see here
Productreviews.com.au site , the overall rating for World Remit is only 2.4 from 501 reviews as of Aug 2020. This may change though. You can check all reviews here.
It really depends on your individual case, where you are sending, what service you are using and so on. With so many services and variables in such as big company it is hard to keep everyone happy for a variety of services they offer. So, you must see what suits you in your individual case.
As of 2020, WorldRemit’s service enables senders in 56 countries to send money in 90 currencies to 150 countries across the world. Depending on the country combination, customers can send money to bank accounts, as cash to local cash pick-up agent locations or as door-to-door delivery, to mobile wallets (which fosters financial inclusion within the unbanked populations), or as airtime top-up (a popular option for migrants to stay connected with their friends and family back home). In fact, a third of the WorldRemit money transfers are received on mobile phones, and the company claims it is now the leading sender of remittances to mobile wallets worldwide.
Pay-in methods are also highly variable but include (depending on the country) bank transfers, debit and credit cards, SOFORT, Apple and Android Pay, Poli, Interac, ACH, and Trustly. Within the United States, WorldRemit offers money transfer services from all 50 states and according to TechCrunch, “they are currently aiming to expand further in Asia.”
Certain routes are highly competitive. The WorldRemit exchange rate to Nigeria is particularly good for a variety of transfer combinations including sending money from the US and the UK to Nigeria. They also offer some great rates sending money from the US to Mexico via bank transfer or cash pickups, with the option to receive cash at banks including Banco Azteca, BBVA Bancomer, Bancoppel, Telecomm Telegrafos, and Pagos Intermex. The company’s monthly transfers to Pakistan have grown by over 120% in 2017 alone, and they offer a large selection of cash pickups in the country including 645 branches of Bank AL Habib. Additional competitive routes include sending US dollars to banks in Colombia, sending money from the US to either a Chilean bank account or for cash pickup in Chile, and sending money to a cash pickup locations in Morocco from the US and the UK.
WorldRemit Mobile Apps Review
WorldRemit’s mobile apps have great ratings on Apple’s App Store (4.8/5 stars on 52,000 ratings) and Google’s Play Store (4.4/5 on 58,290 ratings). With WorldRemit’s mobile apps, it’s easy to send money from your smartphone in a few taps, receive alerts with the latest exchange rates, and check the status of transfers.
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