WorldRemit vs Wise

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Our recommendation: Wise is the better deal

May 23, 2019
Affiliate 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
8.3
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.

Wise is duly authorised and regulated by the FCA and HMRC in the United Kingdom, as well as by the relevant authorities in all the countries in which it operates.

Security & reliability

Security & reliability
Security & reliability

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

Wise's website is fully secured and makes use of top-notch security protocols, including segregated user accounts and HTTPS.

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.

Founded in 2011, Wise is a large and well-established company in the international money transfer world, touting over US$72 billion transferred in the past year, 10 million customers, and two thousand employees.

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.

Wise Money Transfer is impressively transparent when it comes to pricing, offering the mid-market exchange rate and charging only a low, clearly-displayed fee on transfers.

WorldRemit
7.3
Wise
9.0

Service & Quality

Opening an account

Opening an account
Opening an account

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

Opening an account with Wise is quick and intuitive thanks to the platform's clean user interface, helpful prompts, and lack of information overload.

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.

Transferring money with Wise Money Transfer is fast and straightforward, regardless of whether you're a first-time or seasoned customer.

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.

Wise makes it easy to find help when needed, providing a detailed FAQ, a live chat feature, and phone support, all available around the clock.

WorldRemit
6.4
Wise
9.2

Fees & Exchange Rates

Transfers to a bank account

Transfers to a bank account
Transfers to a bank account

WorldRemit was the best option for transferring money to a bank account in 10.2% of searches over the past three months on Monito and was presented as a competitive option in 47.3% of cases.

Wise was the best deal on one third (33%) of available Monito searches for bank transfers over the first three months of 2021.

WorldRemit
9.1
Wise
9.7

Customer Satisfaction

Customer review score

Customer review score
Customer review score

WorldRemit is highly reviewed and ranked by its customers, scoring an average of 4.1 out of 5 stars on over 45 thousand Trustpilot reviews.

Earning 4.7 out of 5 stars from more than 100 thousand reviews on Trustpilot, it should go without saying that Wise's service consistently delights its customers.

Number of positive reviews

Number of positive reviews
Number of positive reviews

Out of its 45 thousand reviews on Trustpilot, over 40 thousand are 4 or 5 star reviews, signaling that WorldRemit is very well-viewed amongst its users.

Having earned more than 107 thousand four- or five-star reviews on Trustpilot so far, Wise is without a doubt a trustworthy and reliable service in the eyes of its customers.

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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Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.