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WorldRemit Fee Reduction

Discussion in 'Money Matters' started by oss, Mar 29, 2017.

  1. oss
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    oss Somewhere Staff Member

    Just got an email from WorldRemit saying that for transfers over £1000 they have just reduced the fees to 1 pence!

    This does not appear to be a promotion but looks like a long term change.

    The spread on the exchange rate seems to be very slightly higher but not by much as they have been charging about 0.7 to 0.8 peso on transactions for a while and it now looks like maybe 0.9 peso, this is welcome news for me as it would be better for me to send two months remittance money six times a year as that way I will pay effectively no fees.

    Good news for those living in the Phils also that want to transfer funds instantly from the UK to the Phils.
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  2. Jim
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    Jim Well-Known Member Trusted Member

    Thanks for the heads up Jim

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