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WorldRemit vs Wise

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Our recommendation: Wise is the better deal

François Briod

Guide

May 23, 2019
Advertiser disclosure

WorldRemit vs Wise. Which one is best for you and your needs? Which is the most affordable option if you need to send or receive money internationally? Check out our analysis of the pros and cons of each money transfer company.

WorldRemit and Wise have both pros and cons. Make sure to compare the fees & exchange rates before your next transfer.

Compare Worldremit, Wise and 100+ International Money Transfer Services

📢 Important: Wise Is the New Name for TransferWise

Until March 2021, Wise had been formerly called TransferWise. The company decided to change its name to broaden its appeal and encapsulate the full range of service it offers. While the name is different, it's important to note that the service is still the same, and you're still able to use the service as usual with the same set of login details that you used on TransferWise. See more here.

WorldRemit
9.1
Wise
10

Trust & Credibility

Background check

Background check
Background check

WorldRemit is authorized and strictly regulated by the Financial Conduct Authority (FCA) as well as by the corresponding authorities in the countries in which it operates.

Licensed and authorised in the UK, US, Europe, and other countries.

Security & reliability

Security & reliability
Security & reliability

WorldRemit is a secure service that provides segregated user accounts and runs securely through HTTPS.

HTTPS, segregated client accounts, secure data storage and network.

Company size

Company size
Company size

WorldRemit is a large and well-established company in the international money transfer world: it has served over 4 million customers over its 10 years, transferred $10 billion in the past year alone, and now employs more than a thousand people.

16 million customers, 4,500 employees, and $133 billion in annual volumes.

Transparent pricing

Transparent pricing
Transparent pricing

WorldRemit leaves a lot to be desired when it comes to transparently displaying its pricing as some 80% of the platform's fees come from a hidden exchange rate margin.

No exchange rate margin, only a low transparent fee.

WorldRemit
7.7
Wise
8.7

Service & Quality

Opening an account

Opening an account
Opening an account

Opening an account with WorldRemit is a straightforward process and easy to do.

No exchange rate margin, only a low transparent fee.

Making a transfer

Making a transfer
Making a transfer

Making a transfer with WorldRemit is both easy and quick to do, whether you’re using WorldRemit for the first time or a seasoned user, and the money is often quick to arrive.

Very easy, can be done in just a few clicks.

Contacting support

Contacting support
Contacting support

WorldRemit offers users multiple ways of finding customer support – whether through their responsive live chat, phone support, or by finding answers through their extensive FAQ section – and is both quick and easy to navigate.

Very easy, responsive live chat and phone support available 24/7.

WorldRemit
7.1
Wise
10

Fees & Exchange Rates

Transfers to a bank account

Transfers to a bank account
Transfers to a bank account

Only sometimes the cheapest on Monito for transfers to bank accounts.

Extremely cheap and competitive on Monito.

Transfers to cash pickup

Transfers to cash pickup
Transfers to cash pickup

Often the cheapest on Monito for transfers to cash pick-up locations.

Wise does not have a score in this category.

Transfers to a mobile wallet

Transfers to a mobile wallet
Transfers to a mobile wallet

Often the cheapest on Monito for transfers to mobile wallets.

Wise does not have a score in this category.

WorldRemit
9.1
Wise
9.4

Customer Satisfaction

Trustpilot reviews

Trustpilot reviews
Trustpilot reviews

4/5 stars from over 70,000 reviews.

Very good reviews on Trustpilot.

App Store reviews

App Store reviews
App Store reviews

4.8/5 stars from 170,000 reviews.

Outstanding App Store reviews.

Google Play reviews

Google Play reviews
Google Play reviews

4.7/5 stars from 170,000 reviews.

Very good reviews on Google Play.

Find the Best Way To Send Money Abroad

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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  • Monito's experts spend hours researching and testing services so that you don't have to.

  • Our recommendations are always unbiased and independent.

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