WorldRemit review

Founded in 2010 and based in London, UK, WorldRemit is a global money transfer network. WorldRemit is authorised and regulated by FCA, FinCEN, which means customer money is safeguarded separately from company funds. It currently holds a Trustpilot score of 4.1 out of 5 from roughly 95,648 reviews, which we rate good.

On the fee side, expect from $0.99 to $3.99, but the bigger cost is usually the exchange-rate markup of 0.5% - 3% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $10,000 per transaction. In our own rate collection, across the 94 corridors we track for WorldRemit, its exchange rate has averaged 1.29% from the mid-market rate.

Delivery speed is quoted at minutes to 3 days, and the service reaches 130+ countries across 70+ currencies. You can fund a transfer by Bank Transfer, Debit Card, Credit Card and Apple Pay, with money delivered via Bank Deposit, Cash Pickup, Mobile Money and Airtime Top-up. The mix of funding and payout options is a good guide to which corridors WorldRemit handles best.

On the plus side: fast transfers to many corridors, mobile money delivery available and airtime top-up option. That makes it a sensible choice for sending to recipients who need cash in hand rather than a bank deposit. Worth keeping in mind: transfer limits may be restrictive and not ideal for large/business transfers.