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WorldRemit – BER Review

WorldRemit - Reviewed by Best Exchange Rates. Send Money Online Anytime, Anywhere. 24/7 online service – no agents to visit. Bank Transfers - Cash Pickup - Mobile Money - Airtime top-up.

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Exchange Rates 5
Customer Service 4
Ease of Use 5

WorldRemit Foreign Transfer Rates & Fees - Compared

The below live Foreign Transfer comparison table shows how much you could save on your next foreign transfer by using a broker such as WorldRemit rather than your bank. Note the margins are compared to the current mid-rate. You can change the currencies and send or receive amount with our full Foreign Transfer calculator.

 
Foreign Transfer ProvidersReceive USD($)Exchange RateFee AUDTotal CostDeal Links
WorldRemit logo
674.50 USD
Compare
0.67723.991.59%
OFX (OzForex) logo
679.20 USD
4.7 USD
0.67920^0.9%
Westpac logo
660.13 USD
14 USD
0.6736203.69%
ANZ Bank logo
651.16 USD
23 USD
0.6631185%
BankSA International Money Transfers
BankSA logo
648.17 USD
26 USD
0.661420.015.43%
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
647.51 USD
27 USD
0.6614215.53%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo Bank of Queensland logo Bank of Melbourne logo BankSA logo
646.51 USD
28 USD
0.6595155.67%
Commonwealth Bank (CBA) logo
646.30 USD
28 USD
0.65026 5.7%
National Australia Bank (nab) logo
642.64 USD
32 USD
0.6571226.24%
Bank of Queensland logo
639.62 USD
35 USD
0.6594306.68%
St George Bank logo
636.51 USD
38 USD
0.6495207.13%
WorldRemit: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:3.99
Exchange Rate:0.6772 (1.2% from mid-rate)
USD amount:674.50 USD
Total Cost:1.59%
Time:17:11 Local
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
OFX (OzForex): Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:0.6792 (0.9% from mid-rate)
USD amount:679.20 USD
Total Cost:0.9%
Difference:
4.7 USD more than using WorldRemit
Time:
Rate Fetched: Mon Jun 17 2019 16:00:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:20
Exchange Rate:0.6736 (1.72% from mid-rate)
USD amount:660.13 USD
Total Cost:3.69%
Difference:
14 USD less than using WorldRemit
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:18
Exchange Rate:0.6631 (3.25% from mid-rate)
USD amount:651.16 USD
Total Cost:5%
Difference:
23 USD less than using WorldRemit
Time:
Rate Fetched: website - Mon Jun 17 2019 16:03:05 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
BankSA: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:20.01
Exchange Rate:0.6614 (3.5% from mid-rate)
USD amount:648.17 USD
Total Cost:5.43%
Difference:
26 USD less than using WorldRemit
Time:
Rate Fetched: website - 17:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Bank of Melbourne: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:21
Exchange Rate:0.6614 (3.5% from mid-rate)
USD amount:647.51 USD
Total Cost:5.53%
Difference:
27 USD less than using WorldRemit
Time:
Rate Fetched: website - 17:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:15
Exchange Rate:0.6744 (1.6% from mid-rate)
USD amount:646.51 USD
Total Cost:5.67%
Difference:
28 USD less than using WorldRemit
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Commonwealth Bank (CBA): Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:6
Exchange Rate:0.6502 (5.14% from mid-rate)
USD amount:646.30 USD
Total Cost:5.7%
Difference:
28 USD less than using WorldRemit
Time:
Rate Fetched: website - Mon Jun 17 2019 16:02:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:22
Exchange Rate:0.6571 (4.13% from mid-rate)
USD amount:642.64 USD
Total Cost:6.24%
Difference:
32 USD less than using WorldRemit
Time:
Rate Fetched: website - Mon Jun 17 2019 16:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
Bank of Queensland: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:30
Exchange Rate:0.6594 (3.79% from mid-rate)
USD amount:639.62 USD
Total Cost:6.68%
Difference:
35 USD less than using WorldRemit
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
St George Bank: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:20
Exchange Rate:0.6495 (5.24% from mid-rate)
USD amount:636.51 USD
Total Cost:7.13%
Difference:
38 USD less than using WorldRemit
Time:
Rate Fetched: website - 17:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 06/17/2019 - See full table
 

Why choose WorldRemit?

Low cost
Low fees displayed up-front. Guaranteed exchange rates

Fast
Instant transfer to many countries. Send & receive notifications by SMS and email

Simple
24/7 service – no agents to visit. Available on computer, smartphone & tablet

Trusted
Industry-leading payment security. Rated ‘Excellent’ by our customers on Trustpilot

More ways to receive money
Choose from a range of convenient options

Bank deposit
Instant money transfer to many major banks.

Cash pickup
Available to collect within minutes at most locations.

Mobile Money
Instantly send money to a Mobile Money wallet.

Airtime top-up
Instantly recharge mobile airtime.

How do I pay for my transfer?

WorldRemit does not accept cash as a means of paying for your money transfer.

As an online business, it would be very difficult for you to physically get the money to us.
Also, for security reasons, it is important to know where money is coming from before it is sent abroad.
It is much harder to do this with cash.

Debit & credit card

You can pay for your money transfer through WorldRemit using a debit or
credit card in any of the countries where our service is available.

WorldRemit accepts Visa, Mastercard and Maestro.  When paying with a credit card you
may be charged a cash advance fee so please check with your card provider.

Bank account payment services

In several countries, WorldRemit has partnered with respected, well-established online payment
services. Barclays Pingit, SOFORT, POLI, iDeal and Interac all connect directly to your internet
banking service to offer fast, secure payments.

Instructions for using each method are provided during the payment stage of the transfer.

Your transfer will commence once WorldRemit has received the payment.

The maximum amount you can send may be lower for some countries.

 

Further Reading

 

Banks Charge Small Customers 25 Times More for FX, Research Shows

New research from the European Central Bank shows that banks charge smaller customers up to 25 times more for FX forward transactions and that those who fail to compare providers pay 14 times more for FX than those that do.

Last update: 17 Jun, 2019

Revolut Card in Australia – Review

We review Revolut, a digital bank that allows users to receive, send and spend money at the interbank exchange rate.

Last update: 17 Jun, 2019

Best Multi-Currency Accounts 2019: WorldFirst vs. TransferWise vs. OFX

We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.

Last update: 12 Jun, 2019

  

Posted to: Reviews

 

1 Review for “WorldRemit – BER Review”

  1. Avatar R Trott UK says:

    The best oversea money transfer system ever experienced. I have been sending funds overseas for many years and even the banks are much better than just a few years ago, but Worldremit is in a league of its own concerning ease of use, speed, reliability, advising progress, confirmation, charges and rates of exchange. Incredible

    4.7

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