BEST INTERNATIONAL MONEY TRANSFER OPTION: WORLDREMIT

WorldRemit International money transfer service

We are all steadily looking for side hustles, there are so many opportunities to earn money now online and you know I don’t mean yahoo. Freelancing sites have given Nigerians the opportunity to earn in foreign currencies by offering tech and IT jobs that would otherwise have been localised. Imagine going through the struggle to get a job and then not having any reliable way to receive your pay, ah olorun! May bad things pass over us o.

Sending money to and receiving money from other countries has had one challenge or another over the years in Nigeria. From hidden charges, to unbelievable transfer fees, long delays in money delivery and unfavourable exchange rates, there have always been hurdles in international money transfers especially to and from developing countries.

Since I had the same problem, I decided to do some research to solve my wahala. Going by reviews, WorldRemit is a fantastic tool for international money transfer with a majority of users having a great experience with using it. The best way to learn about a service is through real customer reviews and WorldRemit enjoys great reviews online. On Trustpilot, WorldRemit has an excellent rating of 4.3/5 with over 43,000 reviews and over 80% of the reviewers are saying they had a fantastic or great experience. The majority of reviews appreciate the ease of use, low cost and fast delivery.

WorldRemit: Money Transfers Online

Digital payment services have grown over time to collaborate with local finance organisations to deliver money transfer services to countries within Africa, reaching remote areas that were previously inaccessible. World Remit is a cross-border digital payments service that provides international money transfer and remittance services in more than 130 countries and over 70 currencies.

Within Nigeria, banks like UBA handle bank transfer and cash pick in collaboration with WorldRemit. This means that you can receive money from almost anywhere in the world and send as well, without a minimum amount for transfer. However, the initial transaction is subject to a maximum of USD 2,000, while the maximum limit per transaction is USD 7,500, the total of which must not exceed USD 50,000 every 6 months. As a beneficiary, you will have no charges to pay.

One of the best features of WorldRemit is that you can receive or send money conveniently from any location without visiting a bank. Money transfers and cash pickup often arrive instantly but the actual transfer time can vary depending on many factors such as how the money is being received. Bank to bank transfer may take several days with transaction initiation time and day of the week being important determinants. To make a transfer, you can login using your computer or the WorldRemit app on Android or iOS. Regardless of whether you choose to use the desktop website or the app, the transfer process will remain the same.