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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.

Reviews FinTech Global
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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.

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾

AUD-USD Foreign Transfers

   WorldRemit WorldRemit logo

Foreign Transfer Providers
Ratings & Reviews
Receive USD($)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldRemit logo
703.18 USD
Compare
0.7063.991.6%Bank Transfers & Cash Pickup - Online only1 day
 
OFX (OzForex) logo
704.50 USD
1.32 USD
0.70450^1.41%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TorFX logo
703.80 USD
0.62 USD
0.703801.51%Bank Transfers - Online & Phone1-2 days
 
ANZ Bank logo
677.19 USD
26 USD
0.6896185.24%Online, Branch, Bank Transfers2-3 days
BankSA International Money Transfers
BankSA logo
675.80 USD
27 USD
0.689620.015.43%Online, Branch, Bank Transfers2-3 days
Bank of Melbourne International Money Transfers
Bank of Melbourne logo
675.12 USD
28 USD
0.6896215.52%Online, Branch, Bank Transfers2-3 days
 
Commonwealth Bank (CBA) logo
672.84 USD
30 USD
0.67696 5.84%Online, Branch, Bank Transfers2-3 days
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
669.94 USD
33 USD
0.6834156.25%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
668.95 USD
34 USD
0.684226.39%Online, Branch, Bank Transfers2-3 days
 
Bank of Queensland logo
666.78 USD
36 USD
0.6874306.69%Online, Branch, Bank Transfers2-3 days
 
St George Bank logo
662.68 USD
40 USD
0.6762207.27%Online, Branch, Bank Transfers2-3 days
 
Westpac logo
660.13 USD
43 USD
0.6736207.62%Online, Branch, Bank Transfers2-3 days
WorldRemit: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:3.99
Exchange Rate:0.7060 (1.2% from mid-rate)
USD amount:703.18 USD
Total Cost:1.6%
Time:0:45 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:0.7045 (1.41% from mid-rate)
USD amount:704.50 USD
Total Cost:1.41%
Difference:
1.32 USD more than using WorldRemit
Time:
Rate Fetched: Fri Apr 19 2019 00:00:06 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:0
Exchange Rate:0.7038 (1.51% from mid-rate)
USD amount:703.80 USD
Total Cost:1.51%
Difference:
0.62 USD more than using WorldRemit
Time:0:45 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:18
Exchange Rate:0.6896 (3.5% from mid-rate)
USD amount:677.19 USD
Total Cost:5.24%
Difference:
26 USD less than using WorldRemit
Time:
Rate Fetched: website - Fri Apr 19 2019 00:03:04 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:0.6896 (3.5% from mid-rate)
USD amount:675.80 USD
Total Cost:5.43%
Difference:
27 USD less than using WorldRemit
Time:
Rate Fetched: website - 0:45 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:0.6896 (3.5% from mid-rate)
USD amount:675.12 USD
Total Cost:5.52%
Difference:
28 USD less than using WorldRemit
Time:
Rate Fetched: website - 0:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Commonwealth Bank (CBA): Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:6
Exchange Rate:0.6769 (5.28% from mid-rate)
USD amount:672.84 USD
Total Cost:5.84%
Difference:
30 USD less than using WorldRemit
Time:
Rate Fetched: website - Fri Apr 19 2019 00:02:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1.2/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:15
Exchange Rate:0.6995 (2.11% from mid-rate)
USD amount:669.94 USD
Total Cost:6.25%
Difference:
33 USD less than using WorldRemit
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
National Australia Bank (nab): Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:22
Exchange Rate:0.6840 (4.28% from mid-rate)
USD amount:668.95 USD
Total Cost:6.39%
Difference:
34 USD less than using WorldRemit
Time:
Rate Fetched: website - Fri Apr 19 2019 00:05:03 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:0.6874 (3.81% from mid-rate)
USD amount:666.78 USD
Total Cost:6.69%
Difference:
36 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:0.6762 (5.37% from mid-rate)
USD amount:662.68 USD
Total Cost:7.27%
Difference:
40 USD less than using WorldRemit
Time:
Rate Fetched: website - 0:45 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
Westpac: Foreign Transfer AUD→USD
AUD amount:$1,000 AUD
Fee:20
Exchange Rate:0.6736 (5.74% from mid-rate)
USD amount:660.13 USD
Total Cost:7.62%
Difference:
43 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:
 
 

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

 

TransferWise Announces PayNow Funding Option

TransferWise is now officially offering PayNow as a funding option for users in Singapore, the company has announced.

Updated: 29 Mar, 2019

Banking Sector Fights Back Against Fintech Rivals

Citigroup’s announcement this week of plans to develop its own consumer-payments platform is the latest indication of a fightback by the banking establishment against fintech rivals that threaten its most lucrative markets.

Posted: 27 Mar, 2019

Revolut Steps Up Brexit Preparations

Revolut CEO Nikolay Storonsky

Fintech hotshot Revolut has written to millions of its customers to warn that new verification documents will be needed in the event of a no-deal Brexit; it has also called on the UK government to get serious about post-Brexit tech visas.

Updated: 25 Mar, 2019

TransferWise Borderless Account – BER Review

TransferWise’s Borderless Account allows users to hold and convert funds in 40 different currencies and send and spend internationally, all at the “real” exchange rate and with exceptionally low service fees. Users can also receive major-currency payments free of charge.

Updated: 7 Apr, 2019

WorldFirst Owners Target European Expansion

Ant Financial, the Chinese fintech giant that recently acquired WorldFirst, has set its sights on Europe, where it plans to take its share of both cross-border and point-of-sale payments.

Updated: 25 Mar, 2019

  

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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