For so many who live and work in the UK but still have family overseas, sending money home used to be a real hassle. Banks would charge a fortune in fees to transfer to an international account and the process would take forever.
Well, WorldRemit has fixed this. Not only are the fees reasonable to send money (the exact fee depends on the amount you send and to where) but you can send it to more than 140 destinations around the globe.
It’s quick to set up a transfer. Just choose the country where your recipient is located and the amount you want to send. Using up-to-date exchange rates, the app will calculate how much your friend or family member will receive as well as the cost to you including the fee. Then you add in the bank details and pay.
But you don’t just have to put money into a bank account. The great feature of WorldRemit is that in some territories you can also automatically top up a contact’s phone credit from within the app – making it easy to ensure your mum can always call you or that your teenage cousin doesn’t spend all the cash you sent him on trainers.
In some countries there is also the option to deposit money into a mobile wallet or arrange a cash pickup from a participating bank.
And, if you want to make sure you’re always getting the best rates, set up a list of up to three exchange rates you want to track and you’ll get daily updates so that you time your transfers wisely.