Sending money to Pinas using World Remit

[Dedworth]

Ok, my first experience with World Remit is turning out to not be a good one. I have been waiting 2 weeks for my transfer and nothing has happened. When I checked on the website today it said that the transfer has been cancelled. I've no idea why this happened so I sent them an Email. I will report on what happens next. Has anybody else had similar experiences?

Best avoided the outfit is owned and run by this bloke

Dr Ismail Ahmed - CEO And Founder

Ismail has more than 20 years' experience in international remittances as an academic researcher, compliance adviser for the United Nations and consultant for leading money transfer companies in the Horn of Africa corridor. He has an MSc with distinction, a PhD in economics from the University of London and an Executive MBA from London Business School.



https://www.worldremit.com/en/about-us

[Ian S]

Best avoided the outfit is owned and run by this bloke

Dr Ismail Ahmed - CEO And Founder

Ismail has more than 20 years' experience in international remittances as an academic researcher, compliance adviser for the United Nations and consultant for leading money transfer companies in the Horn of Africa corridor. He has an MSc with distinction, a PhD in economics from the University of London and an Executive MBA from London Business School.



https://www.worldremit.com/en/about-us

Sorry, I don't understand. Why is it best avoided? What has this bloke done wrong?

[Dedworth]

Sorry, I don't understand. Why is it best avoided? What has this bloke done wrong?

I didn't say he had done anything wrong but with my risk assessment parameters money and Somalis ring alarm bells.

[Ian S]

I didn't say he had done anything wrong but with my risk assessment parameters money and Somalis ring alarm bells.

So you're saying that we should not trust this company because of where the founder comes from? Hmmm, isn't that being racist?

[Dedworth]

So you're saying that we should not trust this company because of where the founder comes from? Hmmm, isn't that being racist?

And what is that supposed to insinuate ?

You're the person who is concerned about the service from this outfit so I'd expect you to be wondering if Somalia is a world leader in financial services ? Most of the news stories I read seem to concern piracy, civil war, crime and so called "asylum seekers". Still there can't be many other operations specialising in money transfer to the Philippines who have an ex UN "compliance adviser" at the helm.

If I was thinking of transferring some funds I would delve a bit further into the FSA entry which states "Payment services are not covered by the Financial Services Compensation Scheme"

[LastViking]

I have been using Orbit Remit for transfers to Marist, mainly because they have offered the most competitive exchange rate. The fees are modest and the service excellent. I can also print off the list of transactions which I used to support the visa application.

My problem now that my wife and step son are here, is transferring money FROM the Philippines back to the UK. Has anyone used Paypal or one of the others to do that? Any recommendations would be gratefully received.

[Dedworth]

I have been using Orbit Remit for transfers to Marist, mainly because they have offered the most competitive exchange rate. The fees are modest and the service excellent. I can also print off the list of transactions which I used to support the visa application.

My problem now that my wife and step son are here, is transferring money FROM the Philippines back to the UK. Has anyone used Paypal or one of the others to do that? Any recommendations would be gratefully received.

I don't know anything about them or their safety/security but it might be worth looking at this lot

http://www.mycurrencytransfer.com/apply/ozforex

I use this Irish outfit to pay a couple of suppliers in Europe as they offer a good Pounds to Euros deal http://www.transfermate.com/?lng=en -they are guaranteed by the Irish Govt

[Ian S]

And what is that supposed to insinuate ?

You're the person who is concerned about the service from this outfit so I'd expect you to be wondering if Somalia is a world leader in financial services ? Most of the news stories I read seem to concern piracy, civil war, crime and so called "asylum seekers". Still there can't be many other operations specialising in money transfer to the Philippines who have an ex UN "compliance adviser" at the helm.

Yes, I was concerned about the service from this company, but definately not for that reason. I was just asking if anybody else has had problems with the company. I know you meant well and was trying to be helpful but I would NEVER EVER judge weather or not I can trust somebody or a company by where the founder comes from. It's a British company, not a Somalian company and in my eyes, if I avoid them because the founder is Somalian then I would be discriminating against him because of his nationality. In my eyes this is racism which I'm not a big fan of.

Anyway, back on topic, I left a message to the company and got a very fast response. It turns out that the reason my money hasn't been sent is because I haven't actually sent it to them yet so it's all my own fault. I got confused by the website and thought that I was waiting for a reference number. The lady told me that I get the number AFTER I have sent them the money.

Anyway, I haven't heard any bad things about the company, and they seem to be ok, so I'm now going to transfer my money to them. I will keep you updated.

[LastViking]

I don't know anything about them or their safety/security but it might be worth looking at this lot

http://www.mycurrencytransfer.com/apply/ozforex

I use this Irish outfit to pay a couple of suppliers in Europe as they offer a good Pounds to Euros deal http://www.transfermate.com/?lng=en -they are guaranteed by the Irish Govt

Thanks Dedworth I will check them out.

[andy222]

I send mine using my hsbc account to a caxton card (which terpe put me on to bless him). I left my wife a caxton card when i went over last time. Hsbc do not charge me and my wife can draw money out in the phils from the atm. No charge.

[Terpe]

I send mine using my hsbc account to a caxton card (which terpe put me on to bless him). I left my wife a caxton card when i went over last time. Hsbc do not charge me and my wife can draw money out in the phils from the atm. No charge.

Glad to learn it all worked well

[andy222]

Yes its great terpe thanks mate. I will buy you a pint when i see you. Hsbc used to charge me £17 everytime I sent money.

[maccauk11]

i use worldremit.com and they have very reasonable charges and you cna get the money immediatley with the receiver receiving a text free.Ive used them for about 6 months now

[Ian S]

Ok, I was pleased with the service from World Remit. It took 2 working days for the money to transfer (but not including the weekend). The charge was £6.99 for £1000 which is reasonable I think. And also the exchange rate is reasonable. Please note the maximum you can send in one tranfer is £1000. My only slight niggle is that I didn't think the payment procedure was very clear. Other than that, I would recomend them and will definately use again.

[Dedworth]

I send mine using my hsbc account to a caxton card (which terpe put me on to bless him). I left my wife a caxton card when i went over last time. Hsbc do not charge me and my wife can draw money out in the phils from the atm. No charge.

That sounds to be a first class and reliable method

[Mrs.P]

My husband uses paypal if not too urgent. i have EON/Union bank that is linked to paypal, so whenever he sends i would just transfer it to my EON and would get the money in 4days. i think they charge £5 for any amount he sends.

[irishman12]

world remit is much more exp than other -i just checked now -its 13 euro to send 1000 i can do that with my current company for 10 euro ,can send 2000 for 12 euro ,3000 -13 euro ,4000-14 ,5000-16 euro with world remit ,5000 would cost 5x13 as can only send 1000 per transaction

[andy222]

That sounds to be a first class and reliable method

Yes ded well worth it no problems as yet. I just hope George Osbourne dont find out about it.