Founded in 2010 WorldRemit is a money transfer company especially good for
remittances to family and friends. We reviewed their services earlier this
year and in this video we're going to take you through exactly how you set up
an account and make a transfer, and at the end we'll give you our top 3 tips
for saving money when you use WorldRemit. Before we get into the process
let's have a quick look at what you'll need to make a transfer with WorldRemit
Firstly you'll need some identification
with you. Photo ID and proof of address. WorldRemit need this to verify you and
set up the account. Secondly you need the details of the person you're paying. For
example if you're transferring to a bank account overseas you'll need things like
their account name, account number an identifying number for their bank.
Finally you need to know how you want to pay for the transfer. WorldRemit accept
both credit and debit card, so you just need the card you're using with you, then
you're good to go. The first step is going to the world remit website to sign
up. This means providing personal details like your name, date of birth, where you
live and the ID we mentioned earlier. Now WorldRemit have around-the-clock
customer support and so your account shouldn't take too long to be verified.
It's always best to play it safe so give yourself time in case something happens
in the process. We'd suggest setting up your account a few days before you know
you need to make the transfer. Once your account is verified you'll be able to
start filling in the details for your transfer. WorldRemit have very easy to
use website. In the top left corner you can select where you're sending the
money from, then in the middle of the screen select the country you'll be
sending the money to. The way the person receives the money depends on where they
are. Generally bank deposit is available, but there are also options for mobile
money or cash pickup in some locations. The next screen will show you the
options for the country you're sending to.
Once you've entered the currency and amount WorldRemit will estimate the
cost of your transfer including the exchange rate and fees. You can choose if
this is based on the amount you need to send or the amount that needs to be
received, making it easy to calculate the cost. The next steps involve all the
details for the person you're sending the money to. This will include their
name country of residence and their bank details. If you are sending to your own
account overseas you will fill in your own details in the same way. You can also
save them for future use. On this page you will also enter The Currency Shops
promo code use our link to WorldRemit and enter the code 3FREE then you won't
have to pay the transfer fee for your first 3 transfers. It's important to make
sure all of these details are correct. It can be a hassle if you need to change
them later on. Once you confirm the order you'll be able to pay for the transfer.
You can choose to pay by bank transfer or with either a credit or debit card.
You will then have a confirmation of the transfer, now if you have the option for
cash pickup it will usually be available almost instantly but bank transfers can
take up to three days. Ok now that you know the nitty-gritty of
setting up your account and making your transfer let's have a look at our tips
for getting cheaper transfers with WorldRemit. Firstly using our promo code
will help you get your first 3 transfers free this means no fee you just have to
look at the rate WorldRemit is offering you. Speaking of the rate make sure
you're comparing the rate WorldRemit offering to what's on Google. This way
you'll be able to see how much of a margin they're taking. You should also
compare other options. While WorldRemit could be the best one you don't know if
you don't compare different money transfer companies are good for
different types of transfers. Using a comparison table like ours will show you
the best options based on the amount and currency that you're sending. Hopefully
this makes the process of transferring money overseas with WorldRemit a bit
easier. In the description you'll find our links to our comparison table and
WorldRemit website so that you can get started and if you have any questions
about any of it you can just leave them in the comments below