Personal Finance Money transfer

Guide to EzyRemit for international transfers: Pricing, Reviews, and Alternatives

Wise

14.02.24

Read time 2 minutes

Sending money internationally can often involve hidden fees, unfavorable exchange rates, and complicated processes. EzyRemit aims to simplify cross-border payments with its global money transfer service. In this guide, we'll explore how EzyRemit works, examine its fees and exchange rates, and review customer feedback to help you decide if they're the right fit for your international money transfer needs.

Table of contents
What is EzyRemit Features of EzyRemit Transfers EzyRemit Supported Countries EzyRemit Fees and Exchange Rates Meet Wise: Global Account that goes beyond transfers

What is EzyRemit

EzyRemit is an Australian-based online money transfer service that aims to provide a simple, fast, and secure way to send money abroad. They cater to both consumer and business needs, offering international money transfers with competitive exchange rates and low fees.

Features of EzyRemit Transfers

Simple Transfer Process: EzyRemit emphasizes a user-friendly online platform for initiating transfers. Their website claims a straightforward process to get your money moving abroad quickly.
Multiple Delivery Options: Recipients can receive funds through various methods depending on their location and preferences. EzyRemit offers bank transfers, cash pickup at designated locations, mobile wallet deposits, and even cash delivery to recipient doorsteps.
Focus on Speed: EzyRemit highlights the speed of their transfers, although specific timelines might depend on the destination country and chosen delivery method.
Security and Regulation: EzyRemit assures users that their money is secure. They are regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Securities and Investments Commission (ASIC).

EzyRemit Supported Countries

EzyRemit supports international transfers from: Australia, Canada, Czechia, Finland, France, Germany, Hong Kong, Japan, New Zealand, Singapore, UK, US, and Vietnam. The destination country and available delivery method depends on the sending country.

If you'd like to send transfers from a country other than the one listed above, you'll need to use an alternative service. We invite you to check out Wise as a convenient alternative for secure international transfers from a wider range of supported countries.

EzyRemit Fees and Exchange Rates

One of the biggest considerations when sending money abroad is the cost involved. EzyRemit charges a transfer fees and applies a margin on the exchange rate:

Transfer Fees: These are fixed fees that vary based on the destination country, transfer amount, and delivery speed. For low amount transfers, depending on the route, you may be eligible for zero transfer fee.
Exchange Rate Margins: Zero transfer fee does not necessarily mean zero cost to you. EzyRemit offers a currency exchange at a rate that is different from the the mid-market rate you see on Google — and the one used by Wise.

EzyRemit Vs Wise Comparison
While EzyRemit's fees are relatively affordable for smaller transfer amounts, the exchange rate markups can add up to the true cost, especially for larger transactions. Wise on the other hand uses the mid-market exchange rate with no markups. Wise charges a fee for all transfers, shown upfront transparently. So while EzyRemit may come across reasonable for low-value remittances, it may not be the most cost-effective choice for larger money transfers due to exchange rate markups. When comparing options, make sure to confirm the final amount that'll be deposited to the receivers account to accurately evaluate the true cost of transfer.

EzyRemit Vs Wise Comparison

While EzyRemit's fees are relatively affordable for smaller transfer amounts, the exchange rate markups can add up to the true cost, especially for larger transactions.

Wise on the other hand uses the mid-market exchange rate with no markups. Wise charges a fee for all transfers, shown upfront transparently.

So while EzyRemit may come across reasonable for low-value remittances, it may not be the most cost-effective choice for larger money transfers due to exchange rate markups.

When comparing options, make sure to confirm the final amount that'll be deposited to the receivers account to accurately evaluate the true cost of transfer.

Meet Wise: Global Account that goes beyond Transfers

Wise offers an ideal alternative to traditional banking for global expats with roots abroad. Take a look at the Wise multi-currency account available for residents living in supported countries. Enjoy an account as worldly as you are and spend just like a local when you travel abroad with a linked debit card, while also paying less in fees.

Get Started with Wise 🚀

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.