Editorial review of Money2anywhere

Before you start sending money through Money2anywhere, you must know how the company works? Is it safe? How much it charges to transfer funds across borders? And therefore to answer all these questions, experts of ERIQ have conducted its research and provided an independent review of Money2anywhere. You can also compare the company with other competitors to get the “best exchange rates” with the lowest fees for your transfer.

Money2anywhere is a digital money transfer company which offers a fast and easy mode of transfer funds to migrants. The company is powered by UAE Exchange, one of the largest money remittance companies in the world. It promises to get the cash almost anywhere in the world through its network. Some of the benefits of Money2anywhere are:

• Offer Periodic Promotions and Promo Codes
• Highly Secured
• Easy Cash Pick-Ups

Money2anywhere Transfer Fee

The company offers specific fee according to the country you are sending money to, which will be shown on the transfer page. One has to pay approximately $1 to $10 accordingly to the country. It also provides a 20% discount to Australian customers on bank transfers.

Money2anywhere Exchange Rates

The company offers competitive exchange rates, which will be shown to the customers when they start the transaction. This rate will gets locked after login, and the same will be received by the recipient. However, this rate will be lower than the live market rates while many other competitors offer live mid-market prices for the transfers.

Any Other Fee:

Money2anywhere online money transfer does not have any other fee, so one can trust the company regarding their transfers.

On an overall pricing scenario of Money2anywhere, the experts of Exchange Rate IQ have given the score of 7 out of 10 to it.

Money2anywhere Hidden Fee

The company does not have any hidden fee. The recipient will receive the amount that has been paid by you and shown on the dashboard.

Money2anywhere Tracking Details

The users can track the details of transfer on their dashboard on the mobile app and website. The company will provide a 16-digit transaction reference number or XPIN which you can find at the top right corner of the payment receipt.

Besides this, the company does not have any minimum or maximum transfer limit; so, one can send the funds without worrying about the daily or yearly limit.

The company has no hidden fee and excellent tracking procedure; therefore, we rate 10 out of 10 to Money2anywhere for its transparency.

The company does not offer instant transfers. Customers who are transferring funds through Money2anywhere should have to wait for 3-5 working days to reach the money to the recipient. Most money transfers from Money2anywhere get credited within 2 to 3 business days, but it depends on the countries you’re sending money from and to as well as the pay-in method.

The company has launched another product naming, FlashRemit which allows an instant transfer, real-time credit to most bank accounts. Though this product is available only for bank-to-bank transfer and payout options include cash pick-up from a Moneydart agent’s office (instant), or direct deposit to the recipient’s bank account (1 day).

Many other competitors of Money2anywhere offer instant transfers, while it is taking 2-3 days. Therefore, we rate the company 7 out of 10 for its transfer speed.

The more use of mobility, online transactions and related trends have made everyone to rethink about the cybersecurity and designing the privacy, but you can stay worry-free while transacting with Money2anywhere. The company uses 128-bit Secure Sockets Layer (SSL) encryption technology protocol for preventing the threats of cybercrimes.

Besides this, Money2anywhere provide every customer with a unique 16 digit customer number and password that is used to uniquely identify you each time you visit the website or make any transaction. So, it is the sole responsibility of users to not share these details with any other person.

The company is providing enough security to the customers the same as many banks, therefore we rate Money2anywhere 9 out of 10 for its safety measures.

The company (www.money2anywhere.com powered by UAE Exchange) is offering its services in 10 countries, where one can send funds to over 30+ countries. One can send money through online mode, phone, cash transfer, with the help of an agent, or bank-account to bank-account transfer. The company is serving more than 15 million people with its network of banks and agents across the world.

Some of the positive and negative aspects of the company as per users are:

Positive:

• Good customer assistance
• Provide enough discount and promos
• Easy tracking procedure

Negative:

• Multistep transfer process
• Have to provide a reason for making the transfer
• Not providing fast transfers, so cannot use it in the emergency purpose
• No cancellation

Money2anywhere App:

The company is offering its mobile apps for both Android and iOS. You can download the apps from here:

1. Money2anywhere Android App
2. Money2anywhere iOS App

Money2anywhere Promo Code

The company offers various discounts and promotional offers to its customers, which they can use while transferring money. While performing the transaction, one needs to enter the code in “Promo Code” field.

Money2anywhere Referral

The people using the services of Money2anywhere can refer it to other friends to get the discount as well as referral points. The company will provide you with a unique link, which you need to send others. When they complete their first transaction with Money2anywhere, both of you will get the referral points which you can redeem after a limit set by the company.

Money2anywhere does not provide any cancellation services. If once you have sent the money, you can’t undo it. You can only contact the customer care if you have been facing any issue while transfer. So, on a user experience basis, we rate 8 out of 10 to Money2anywhere.

The company offers money transfer services around the world from 10 countries which are given in the table below. It has a widespread network of more than 1,00,000 money agent locations and partnership with 140 banks in more than 30 countries.

One can transfer the funds from Money2anywhere only through a bank account. If a person living in the USA, then they can do transfers through ACH or direct debit through a bank account. The company also accepts debit and credit card but verifies the identity on your card. The company does not accept third party payment to protect the fraud.

The company offers cash pickup and you can locate the nearest agent near you through the Money2anywhere branch locator.

On its coverage, we rate 7 out of 10 to Money2anywhere, because it is providing the services to a few countries only and it has a lot of countries to grow its services. To start the fund transfer services of Money2anywhere login here.