WorldRemit Review: How It Works and Key Features?
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When it comes to international money transfers, individuals and expats would think of PayPal and Wise as ways to send money online, back to their loved ones in their country.
We all know the popularity of those money transfer apps, but what if I tell you another online money transfer provider that may be on your search list, which is WorldRemit.
It’s true that before we send money overseas, to our friends or relatives back home, the first thing is to get familiar with several money transfer services to ensure that we find the right one based on our expectations in terms of fee, convenience, or exchange rates.
In this post, we will provide a comprehensive WorldRemit review, which covers how it works, key features as well as pros and cons so that you would consider if this money transfer provider is the right one for you.
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Table of Contents
- WorldRemit is an international money transfer provider that provides different ways to send money online to nearly 130 countries across the globe.
- It is not too complicated to make your first international money transfer with WorldRemit due to the fact that the business provides safety and convenience, which ensures the money will arrive at your loved one hand.
- You have several money transfer options to select from a bank transfer, cash pick-up, mobile money, and airtime top-up.
- Based on WorldRemit Trustpilot Reviews, at the time of writing, there are over 65,110 customer reviews on the site, which shows WorldRemit has received overall above customer satisfaction, 4.1 stars out of 5.
1. What is WorldRemit?
WorldRemit is an international money transfer provider that provides different ways to send money online to nearly 130 countries across the globe.
In particular, members have several options to go ahead with their international money transfers including, cash pick up, mobile transfer, and bank transfer, just to name a few.
Originally, this global money transfer service was established in 1980 by Ismail Ahmed, the founder, who used to send money back home, to his loved ones when he study in the UK.
For this reason, he realized the so much hard work just to send money back home so he came up with the idea to create WorldRemit to support other international students and other people to send money back home.
At the time of writing, the global money transfer provider has more than 5.7 million customers globally with over 70 currencies and covers digital transfers to nearly 130 countries on five continents.
2. How does WorldRemit work?
WorldRemit offers different ways to send money online, and users could consider selecting one of the preferred methods to send money internationally, to their friends and relatives in their home country.
Generally speaking, it is not too complicated to make your first international money transfer with WorldRemit due to the fact that the business provides safety and convenience, which ensures the money will arrive at your loved one hand.
The following are different methods that you should get familiar with in order to learn how to send money online:
It is always a traditional method. It is easy and simple to use as you can either use your laptop or mobile device to send money back to your home country.
You need to tell the recipient to figure out the available cash pick-up agents or locations in your home country so that they can come there and pick up the money.
Keep in mind that your loved one must provide the money transfer transaction reference number and government ID or passport before receiving money from the pick-up agent.
The bank transfer is the most convenient way to send money online due to the fact that you only need the recipient’s bank account number and swift code to go ahead with the transaction.
Before making any international money transfers, please ensure the internet connection is secured so that you can either use smart phone or laptop to facilitate the transfer.
Mobile money is relatively new to those who rely on the traditional way of sending money overseas. Mobile money is an electronic wallet that allows you to keep and send money from your phone.
However, make sure you check the mobile money transfer is available in your home country before making any transfer.
This airtime top-up method won’t allow recipients to withdraw money. Instead, the purpose is to send money to top up your friends’ or relatives’ phones so that they can send messages or make phone calls.
If you plan to send a large amount of money, then you need to provide further clarification like proof of income to make a transaction as it is based on the law and regulations requirements.
3. How to sign up?
Before making international money transfers, the very first thing is to create a free account with WorldRemit. Here are the completed processes:
- Step one: go to the firm’s official home page, then > click on ” Sign up”.
- Step two: Enter your email address and create a strong password. Provide your personal information and bank account.
- Step three: Input the recipient’s bank account and personal information including phone number, and home address. Then you are ready to make your first online money transfer with the firm.
You can track the progress of the transaction by getting an instant update from the app or tapping on your account on the website after sending money to your loved one.
4. WorldRemit fee
Depending on the country destination that you want to send money to, the fee will be varied.
For this reason, the most effective way is to double-check the WorldRemit exchange rate panel to see how much it costs to send money back to your home country and the real exchange rate.
5. Is WorldRemit legit?
The answer is yes, WorldRemit is a legitimate firm, which provides safe and reliable money transfer services to customers in over 130 countries.
In addition, the firm has millions of customers across the globe, and thus, it indicates its reputation and global brand image in the money transfer field.
Based on WorldRemit Trustpilot Reviews, at the time of writing, there are over 65,110 customer reviews on the site, which shows WorldRemit has received overall above customer satisfaction, 4.1 stars out of 5.
6. WorldRemit Pros and Cons
Here are the pros and cons of WorldRemit that you may consider if it is the right one for you and your family:
- The global reputation that supports sending money online to over 130 countries across the globe
- Offer different ways to send money overseas.
- It is easy to use and navigate around on the app and website.
- The recipient often receives money instantly and fast.
- The transfer fee may be varied based on the country’s destination.
- May not be suitable to send a large amount of money.
Final thought of WorldRemit review
WorldRemit is one of the reliable international money transfers that provide different ways to send money online ( bank transfer, cash pick-up, mobile top-up, and airtime top-up), to your loved one in your home country.
Keep in mind that before selecting any money transfer providers, you should always conduct your research to identify the pros and cons of a number of providers to ensure that you find the right one based on cost-effectiveness and exchange rate.
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By Jiro Nguyen.
The content is only based on the author’s personal opinion and experience. It is for informational purposes only, and it does not rely on as a comprehensive or a substitute for professional advice.
How to receive money from WorldRemit?
WorldRemit provides different ways to send money online, to your loved one in your home country including bank transfer, mobile top-up, cash pick-up, etc.
Is WorldRemit safe?
Yes, the Remitly app is safe to use due to the fact that the firm has a great policy in place to protect users' personal information. However, make sure you use the secure safe internet before using WorldRemit.
Can I get a refund from WorldRemit?
As long as you haven't sent the money and it is still in your account, then you need to contact them to get your money back.