Competitive exchange rates Intuitive and easy-to-use product Largest peer-to-peer currency exchange marketplace
OrbitRemit is a specialized, New Zealand-based money transfer and currency exchange provider that offers international money transfer services from Australia, New Zealand and the United Kingdom. They have been in business since 2009. They offer exchange rates that are better than those offered by banks, flat fees and 24-hour customer service. They are particularly competitive for cash pickups, but this service is only available for payments to Vietnam and the Philippines. The service is particularly lucrative if you are transferring a large amount of money: anything over 10,000 of any currency the transfer is free.
New Zealand residents receive additional perks by offering an easy way to pay court fines. Their website offers a dedicated page to pay (for free) New Zealand Ministry of Justice (MOJ) fines and reparations payments. NZ residents are also able to make free payments to the New Zealand Inland Revenue Department (IRD). This can be used to pay off student loans, pay child support or make any other type of tax payment.
OrbitRemit does not have a maximum amount that can be transferred. But there may be some maximum amounts imposed by banks and local regulators they do not have control over. In these cases, you will need to make multiple transfers in order to send the full amount.
OrbitRemit has excellent customer reviews on Trustpilot, with a satisfaction score of 9.3 (out of 10). Among the 17,240+ customers who have given their feedback. Here’s a summary of what OrbitRemit customers have to say:
Yes. OrbitRemit has been in business since 2009. Their worldwide money remittance and payment service provider, which is headquartered in New Zealand, is regulated by the New Zealand Companies Office under FSPR reference FSP7721. The company is also regulated by the relevant authorities in the other countries they operate in: the Australian Securities and Investments Commission (ASIC) in Australia and the Financial Conduct Authority (FCA) in the United Kingdom.
Per the standards of these government regulators, funds are held in segregated accounts. This means money is kept separate from the company’s accounts and it secures the customer’s funds if OrbitRemit has financial difficulties.
|Time to open an account||-|
|Can you transfer from your mobile?||Yes|
|Type of service provider||Online money transfer operators|