Editorial review of RemitWisely

This Remit Wisely review from the experts of ERIQ provides unbiased and fact-based information so that you can decide whether the company is good for you or not. RemitWisely is a Money remittance service provider from Australia where they strive to transfer money across the globe.

RemitWisely offers money transfer services to people living in Australia to transfer funds in more than 200 countries across the world. It offers personal and business transfers, which can be done through multiple options. Some of the benefits of using services of RemitWisely are:

• Live chat option available
• Wide range of payment options
• Fast transfer speed

RemitWisely Transfer Fee

The company charges fees on every transfer no matter how small or large the amount is. So, you have to pay fees which lay in-between $2 to $20 depending on which country you are sending funds to.

RemitWisely Exchange Rate

The company keeps changing the exchange rates as per market fluctuations and the type of transfer you choose. If you choose the instant transfer, then you will get the live market rate, which is protected from the fluctuations. In the bank account transfer, the exchange rate applied will be of the date on which the transfer completes.

Any Other Fee:

The company does not charge any other fee, but there is no assurance if the receiving bank will charge any fee or not. So before transferring funds, you should check with the bank regarding its charges for converting foreign currency into local currency.

For its pricing policy, we rate RemitWisely 8 out of 10 because it changes the exchange rate when you transfer funds through the bank account.

RemitWisely Hidden Fee

The company is not charging any hidden fees from the customers. The amount which is sent by the user will be received by the beneficiary.

RemitWisely Tracking Details

You can track the transfer by logging into your account at the dashboard. There is no direct tracking procedure available.

So under the transparency head, we rate RemitWisely 9 out of 10 because it is not providing direct tracking number and link to track the transfer.

The company offers multiple transfer options and they have different arrival times. These are:

Bank Transfer: It takes approximately 2-3 days to receive money to the beneficiary.

SWIFT Transfer: This is the fastest way to transfer funds, where it can be received by the recipient within 10 minutes to 24 hours.

Cash Pickup: This may take 24 hours or more to receive the funds to recipient depending on the working hours of the country.

Digital Wallet: This is a real-time transfer and amount will be received by the recipient instantly.

Under transfer speed head, experts of Exchange Rate IQ provides 10 out of 10 because it has multiple options, so one can send funds for an emergency with high transfer fees within seconds and use other options with low transfer fees where amount will receive late.

The company is highly secured as it is fully regulated by the Australian Securities and Investments Commission (ASIC) and by the Australian Transaction Reports and Analysis Centre (AUSTRAC). At the same time it has a special application approval process, so if you are opening the account, you need to get the approval first.

So, under this head, we rate it 10 out of 10.

RemitWisely aims to contribute by providing the financial inclusion that would equally cater to the digital world, the banked or the un-banked world. Therefore, it has started its money remittance services digitally as well as in cash pick-up form. Some of the positive and negative aspects of the company are:

Positive:

• Cash pick-up available.
• Better exchange rates compared to banks.
• Multiple payment methods are available.

Negative:

• No mobile apps are available.
• Fee applies to all the transfers.
• Lower maximum limit.

Remit Wisely Customer Assistance:

One can give a call or talk to the company on its toll-free number as well as on the live chat. You can contact the company at the following number and email ID:

RemitWisely Contact Number: +61 3 9071 0187 (Mon-Fri 9-5, except public holidays)

RemitWisely Email Address: support@remitwisely.com.au

RemitWisely Mobile Apps:

The company has not come up with the mobile apps yet which is a major drawback of it.

RemitWisely Referral Benefits:

The company offers multiple benefits of referring its services to the friends and family. If they transfer funds using your referral link then you will get such benefits.

RemitWisely Promo Code:

The company offers promo codes through email, SMS and notifications to the users which will help them to send funds at lower transfer fee.

So, on overall user experience, we rate it 7.5 out of 10, because it has no mobile apps. If you want to use the services of RemitWisely Log in here.

One can send money from Australia to over 200 countries across the globe in 30+ currencies. You can transfer funds through various modes including the bank account transfer, SWIFT, cash pick-up and digital wallet transfer. Some of the countries where you can send funds through Remit Wisely are:

So, the company is providing remittance services from Australia to many countries, still it has to cover many countries and currencies to become the top remittance service provider in Australia. Hence, we rate it 7 out of 10 under the coverage head. If you want to use the services of RemitWisely sign up here.