OrbitRemit 2018-01-21T02:54:00+00:00

OrbitRemit

orbitremit-review

OrbitRemit is one of the top rated foreign exchange companies with an average rating on 9.3/10 on Trustpilot by more than 15,900 users. It was founded in 2009 in Wellington, New Zealand. Today they have their offices in UK & Australia apart from their headquarters in New Zealand. They support clients based out of only these 3 countries and can make money transfers online to over 35 countries.

OrbitRemit charges a flat transfer fee depending on the currency you want to exchange. The minimum transfer sum is 5.00 in your local currency excluding the fee and the maximum amount is up to £9,900.00 for private clients and £50,000.00 for business clients in the UK and $60,000.00 for private clients and up to $100,000.00 for business clients in New Zealand and Australia. Higher value transactions can be made only over the phone. They offer competitive exchange rates which you can access through their website or app without even registering with them. If you are looking for a reliable and quick service, OrbitRemit is surely a great choice.

Visit OrbitRemit
www.orbitremit.com
Founded: 2008
Headquarters: Wellington, New Zealand
Offices: New Zealand, UK, Australia
Regulated by: FCA, FMA
Trading channels: website, mobile app

reviews on TRUSTPILOT

5-trustpilot

9.3/10 Excellent

OrbitRemit Key Features

Pay-in Options bank transfer, debit card, credit card
Recipient’s Options bank account only
Min Transfer Amount £50
Max Transfer Amount £300,000 via bank transfer
Speed most transfers are completed in 1-4 days
Transfer Fees no fees on all transfers
Exchange Rate HiFX claims a bank-beating exchange rate
Currencies Available 142 currencies

OrbitRemit Review

Transfer Fees

HiFX claims they charge no transfer fees on all transfers.

However, you still have to be aware some other fees which HiFX are not liable for when sending money to them.  HiFX encourages you to pay by bank transfer or debit card. But before you start to fund HiFX, you need to check with your sending bank and the receiving bank, as they may charge some fees. Credit card transactions will cost you an additional fee of 1.6% of total amount.

Exchange Rate

HiFX offers bank beating exchange rate which is very competitive. This rate varies by type of currency. Therefore, the markup from NZD to USD, for instance, is 1% more than mid-market rate. The average markup on exchange rate tends to be 1.5%.

Speed

HiFX advises you 1-4 working days for the money to be delivered to recipient’s account. The method you use to pay HiFX will affect the whole processing time. Funding via credit or debit card results your money to reach HiFX immediately. Bank transfer usually takes up to 3 days for them to receive your money.

User Experience

HiFX’s customer service is 24/7 either by phone or email. Customers can complete their transfers on website or over phone. However, lack of mobile app makes HiFX far behind most competitors.

It is also un-convenient for clients when it comes to comparing transfer costs. You’re allowed to check exchange rate only after you logged into their website. That means you have to sign up for a free account first before you can compare and transfer. From our experience, it only takes a couple of minutes to finish register. But you’ll need to upload the following documents to be approved,

1 x Proof of Identity: passport, national ID card, or driver license.

1 x Proof of Address: recent utility bill or bank statement.

Visit OrbitRemit

OrbitRemit Pros and Cons

  • zero transfer fees on all transfers

  • 142 currencies and 170+ countries available

  • small limitation of £50 minimum transfer amount

  • 24/7 friendly UK based telephone support

  • website only, without mobile app

  • only registered clients are able to compare exchange rate

  • money account only for recipient, without cash pick-up

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