WorldRemit Review: Our Definitive Review of WorldRemit's Money Transfers in 2023

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FAQ About WorldRemit

• 💸 Is Worldremit the cheapest way to send money abroad?

  Worldremit offers a transparent way to send money abroad, but it's not always the cheapest option possible. You can use Monito's live comparison tool to compare all services and find the best option for your international money transfer.

• 🚨 Is WorldRemit safe and reliable?

  WorldRemit is a legitimate and trustworthy money transfer service. It has excellent reviews on Trustpilot with an average rating of 4.5 (out of 5) across almost 40,000 reviews.

  All customer funds are held in separate accounts. WorldRemit offers cancellation and refund facilities. All connections to WorldRemit are secured using industry-leading security measures, including 256-bit SSL encryption with a 2048-bit signature. 

  In the UK, WorldRemit is licensed as an Electronic Money Institution and is authorized and regulated by the FCA (Financial Conduct Authority). In Australia, WorldRemit is registered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In New Zealand, the company is regulated by FSPR (Financial Service Providers Register). 

  We would not hesitate to say that WorldRemit is among the most secure remittance services available. That’s why the service has a 9.1/10 in Credibility and Security Monito Score. 

• Is it possible to send money to Nigeria with Worldremit?

  Yes, you can send money to Nigeria with Worldremit. There are dozens of excellent digital services for money transfers to Nigeria that you can compare on Monito. By comparing all your options, you can mare sure you get the best naira exchange rate. Choose the most convenient delivery method for you - transfer to a bank account, mobile top-up or to a cash pick-up agency in Kano, Kaduna, or any other city in Nigeria.

• 💱 How to avoid Worldremit fees?

  There is no way to avoid Worldremit fees entirely, but they can be minimized.

  • Always compare Worldremit fees and exchange rates with alternatives with Monito's comparison widget for international money transfers.
  • Keep in mind that WorldRemit fees depend on the amount, the payout method, and where you are sending the money.
  • The exchange rats for cash pickup are usually worse than for a bank deposit. While WorldRemit’s transfer fees are usually generally, but in some cases, fees will vary according to the amount you are sending.
  • Avoid credit card charges - your card provider might charge you a cash advance fee.
  • Consider sending money with another money transfer operator with lower fees and better exchange rates. Compare your options with Monito to make sure that you're not loosing your precious money on high transfer fees.
• 💰 How much does WorldRemit charge to send money?

  WorldRemit's Transfer fees vary depending on where you're sending money. Transfer fees start from £0.95. Remember that additional WorldRemit fees may be hidden in the markup on the exchange rate. That’s why you can always estimate Worldremit's transfer fees with Monito's live comparison widget to discover if WorldRemit's cost to send money is the lowest possible. 

• How do I or the beneficiary receive funds from WorldRemit?

  You can get to your money in various ways with WorldRemit, depending on how the sender has decided to transfer money to you. Popular methods include depositing money directly into your bank account or arranging for cash pickup at one of the thousands of WorldRemit agent locations around the globe. In some cases you can also choose to have money transferred to your mobile, through an electronic wallet service that allows you to send, receive and store money on your phone. Mobile airtime top-up is also an option if you want to increase the minutes on your mobile plan.

  In some countries, the sender can even choose to have money sent directly to your address via a home delivery service, or you can take advantage of the WorldRemit wallet. Note that not all payout options are available in all countries. If you want to arrange a specific payout option, get in contact with the person who is sending the money and let them know how you want to receive funds.

  Sourced from WorldRemit, How it works: https://www.worldremit.com/en/how-it-works

• How do I cancel a WorldRemit transaction?

  If you want to cancel an international money transfer made through WorldRemit, you will need to do so before the transaction has been paid out. You can cancel a transaction by contacting WorldRemit customer service, through their website or over the phone. Note that not every WorldRemit transaction can be cancelled.

  Contact numbers for WorldRemit customer service include:

  • USA: +1 888 772 7771
  • Canada: +1 888 772 7771
  • United Kingdom (Individual): +44 20 7148 5800
  • France: +33 2 72 24 21 17
  • Italy: +39 06 94803110
  • Spain: +34 960 473 401
  • Australia: +61 2 6145 2161

  Sourced from WorldRemit FAQ, Cancellations and refunds: https://www.worldremit.com/en/faq/cancellations-refunds#15801

• Is WorldRemit legit?

  Yes. WorldRemit operates as an Authorised Electronic Money Institution. In the UK the company is regulated by the Financial Conduct Authority (FCA). The FCA ensures that WorldRemit operates under all relevant rules and obligations. All connections to WorldRemit through their website and mobile app are secured using 256-bit SSL encryption with a 2048-bit signature to protect your identity and financial and personal data.

  WorldRemit also has excellent reviews on Trustpilot with an average rating of five stars across almost 30,000 reviews.

  • Sourced from WorldRemit, Security and privacy: https://www.worldremit.com/en/faq/security-privacy
  • Sourced from the FCA company register: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=0010X00004D8FDGQA3
• How long does it take to send money with WorldRemit?

  The time it takes for your beneficiary to receive funds after you send them depends on several factors. These include the countries and currencies you’re sending money between, the amount you’re sending, how you pay for the transfer, how the beneficiary wants to receive the money and any additional security checks. WorldRemit transfers will not start until WorldRemit has received a cleared payment from you.

  In many cases, money will arrive almost instantly, but it can take up to seven days, depending on the beneficiary's location. Typically, bank transfers, cash pickup, mobile money and airtime top-ups are very quick, while home delivery can take a few days to reach the beneficiary.

  Sourced from WorldRemit FAQs, Getting started: https://www.worldremit.com/en/faq/getting-started

• How does WorldRemit work?

  Sending money with WorldRemit is super easy. First, you need to register a free account on the WorldRemit website. To do that, you will need to provide a range of personal information and identity documents, in order to satisfy WorldRemit’s regulatory obligations. Once your account is verified and activated, you can proceed with your money transfer. With WorldRemit, you can send money via the app or website. 

  To make a money transfer with WorldRemit, you need to follow the steps below: 

  1. Enter the countries that you want to send money to and from. 
  2. Select the amount that you want to transfer and choose the pay-out method. 
  3. Enter recipient details (depending on the transfer method). 
  4. Click/tap on the “Send” button.
  5. You will get a breakdown of all transfer costs. If you’re satisfied with all the costs (fees and exchange rates), you can proceed and pay for your transfer. If you’re not satisfied, you can compare other money transfer options on Monito to find a cheaper one. 
  6. You can pay for your transfer by a credit card, debit card, or bank transfer. 
  7. Once your transfer is paid for, you will receive a text message and e-mail confirmation.
• How much can you send through WorldRemit?

  The amount you’re able to send with WorldRemit depends on the countries you’re sending to and from, as well as the payment method used to fund the transfer. For example, in the UK, the maximum WorldRemit transfer is 30,000 GBP; in Australia - 50,000 AUD, in the US - 20,000 USD. 

• Can you get your money back from WorldRemit?

  Yes, you can get a refund from WorldRemit as long as your transaction is not paid out. After a transaction is completed, WorldRemit might not be able to refund it. If you want to cancel your transaction, contact WorldRemit customer service asap. A refund usually takes up to 7 working days. 

• Where can I pick up money from WorldRemit?

  WorldRemit pick-up options depend on where you and the transfer recipient are based. 

  You have several options when it comes to picking up your transfer: funds can be sent directly to a recipient’s bank account, to Mobile Money accounts, or as an airtime top-up. 

  What’s more, WorldRemit has an extensive banking network in almost all countries around the globe. The recipient can receive the transfer as cash from WorldRemit’s 30,000+ agent locations worldwide.

• Is WorldRemit Safe?

  Yes, WordRemit is safe indeed, and we'd not hesitate to say that WorldRemit is completely trustworthy and is among the most secure remittance services available. Headquartered in London, United Kingdom, WorldRemit is authorized and regulated by the Financial Conduct Authority (FCA) for the provision of payment services, which imposes strict regulations on WorldRemit to protect consumers against fraud and safeguard their funds in case the company has financial difficulties.