By Mohammed Waseem
New Zealand based money transfer operator Orbit Remit allows the residents of New Zealand, Australia and the United Kingdom to send money to over 33 countries in Europe, Asia and Oceania. They boast of excellent customer service and swift transfers. They also boast of excellent customer reviews.
Orbit Remit allows users to send money to a bank account to all supported countries and to a credit card issued in Australia, New Zealand, the Philippines, the United Kingdom and Vietnam. The minimum amount for transfer is 50 in the local currency of the sender, which is either AUD or NZD or GBP.
All customers are required to verify their identity, before which, they can send a maximum of GBP 800 (from the UK) or ZUD/NZD 2000 (from Australia or New Zealand). After verification, residents of the UK can send a maximum of GBP 9900 and the residents of Australia and New Zealand can send a maximum of AUD/NZD 60000. Verified businesses are allowed to send a maximum of AUD/NZD 100000 from Australia or New Zealand and GBP 50000 from the UK.
Senders are required to transfer money to Orbit Remit via internet banking and they release the payment once funds have been cleared and deposited into their account. This may happen overnight or may take up to 3 days in the UK, depending on the bank. This is a disadvantage, as most money transfer companies accept credits cards and debit cards, which is not true for Orbit Remit. A customer who does not want to use the bank account would switch over to another provider for this reason.
Money is available within 36 hours of receiving it in Orbit Remit’s account. Payment delivered is in the local currency and not in USD or any other foreign currency. Senders can also setup recurring payments via Direct Debit for selected payment types. They are also allowed to send payments to their own credit cards in the countries mentioned above.
The fee charged for transfers from the UK to India is GBP 1.99 and GBP 5.00 for all other countries. From Australia, the fee is AUD 4.00 for transfers to India and AUD 8.00 for transfers to all other countries. From New Zealand, the fee charged is NZD 5.00 for transfers to Australia and NZD 8.00 for transfers to all other countries.
Residents of New Zealand can also make court payments free of cost and same day settlement guarantee and recurring payments option.
Interested users in the UK, Australia and New Zealand can start using their service by registering here.