World Remit was founded in 2010 by Ismail Ahmed, Catherine Wines and Richard Igoe as a service to transfer money internationally. It accepts more than 90 different currencies and services 150 countries globally. 

So many remittance companies to choose from that, you want to know if WorldRemit is the company for you. In this review, we will go through all of the features that WorldRemit offers and see how it is different from its competitors. 

Methods of payment to transfer money via WorldRemit 

When you’re all set to transfer, you will be provided with several options to transfer your money. 

Transfer via bank account

Send money directly to a bank account. Fill in the recipient details like Account No., Recipient name, Mobile No., etc. Pay by bank-to-bank transfer, debit card or credit card, SOFORT, INTERAC, POLI, or iDEAL (web). You’ll get the money after an email or SMS notification has been sent to the receiver. 

Cash pickup

This option lets the beneficiary cash the money at the nearest cash pickup station. You might not be able to use this for all the countries that have WorldRemit. You can find the nearest cash pick-up place just put country in the blue field and scroll to “Cash Pickup”. 

Mobile Money

Mobile Money is a virtual wallet that lets you pay and send money in 80+ countries. Pay money to your phone in cash, which you can use to pay for anything like shopping, bills, mobile calls, etc. In just a few seconds, the amount will be sent to the sender’s wallet. 

WorldRemit Wallet 

Transfer and receive money with WorldRemit’s own electronic wallet. You can get this from the google play for Android or the app store for iOS. 

The wallet works with different foreign currencies and you can send money to any WorldRemit wallet that does not exist in your country. With this, you will be able to select the currency you want to send in and only need their WorldRemit number to send the money. 

The sender is a WorldRemit Service Provider country, and you can send the money to him/her using this option if he/she isn’t yet registered with WorldRemit Wallet. WorldRemit will notify you how to get the money. If they do not show up in 14 days, you will get the money back. 

AirTime top-up

You can also top-up your friends and family with extra talk time or data so don’t lose contact. Choose your provider, type in the amount and whoever sends the message will top up or recharge at a touch. 

WorldRemit transfer fees  

The charges for WorldRemit Transfer are $3.99 to $24.99 (depending on which currency you are sending in. Which country you’re transferring to, how much you’re sending, and which way you’re sending it). For the first transfer, you can waive the fees with WorldRemit using code 3FREE on the promo code box. 

There can be additional taints added by banks that are the beneficiary of the transfer. You can either lower or completely remove these fees if your bank is part of WorldRemit’s local partners. 

WorldRemit Exchange rates  

WorldRemit provides the best exchange rates in the industry which are better than banks and conventional remittances companies will give. 

How to avoid WorldRemit fees  

Money Transfer Companies earn from the Transfer fee and/or on the difference in exchange rates. There is no legal way to get both charges back but there are ways you can ensure you’re not paying more. Compare the best money transfer companies in one place. The exchange rates, transfer fees, and transfer speed should all be important when you’re comparing money-transfer companies.

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