RemitBee Review

RemitBee Review Summary

Remitbee is an international money transfer service that enables you to send money to people in another country. RemitBee is the fastest growing money transfer company in Canada. This currency exchange company lets customers send money online to anywhere in the world. This service is convenient and easy to use. The company works by cutting out the middleman and sending money straight to bank or cash account holders. Remitbee will send your money to the recipient's bank account within 24 hours. Once you select your beneficiary, you will see the exchange rate, transfer fee, and final amount.

RemitBee review
RemitBee Features

RemitBee Year Established

2014

RemitBee International Clients

RemitBee accepts international clients.

RemitBee Age requirement

18 years

RemitBee Currencies Offered

42 online

RemitBee Minimum Transfer

none

RemitBee Transfer Fees

2.99$ below 500$

RemitBee Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

RemitBee Employees

28

RemitBee Turnover

25000000

RemitBee Regulation

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

RemitBee Fees

RemitBee transfer fees are 2.99$ below 500$.

Fees with RemitBee may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by RemitBee, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

RemitBee Client Rating

RemitBee has a rating of 3.

Number of RemitBee customers

500000

RemitBee Website

https://moneyaccounts.com/vs/torfx-vs-rabobank/

RemitBee Supported Languages

Month Savings
January $100
February $80

RemitBee Review

RemitBee review
Pros and Cons of Transferring Money with RemitBee

Most of the time money transfers with RemitBee will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with RemitBee money prior to submitting an application to RemitBee.

Can you easily afford the RemitBee fees, are the exchange rate costs reasonable with RemitBee?

RemitBee review
RemitBee Advantages

  • RemitBee has been in business over 4 years
  • RemitBee is availble in many international countries.
  • RemitBee offers a wide range of money transfer currency options.
  • RemitBee offers phone support.
  • RemitBee offers email support.
  • RemitBee offers an Apple iOS mobile application.
  • RemitBee offers an Android Google Play Store mobile app.

RemitBee review
RemitBee Disadvantages

  • RemitBee does not offer PayPal as a payment method
  • RemitBee does not offer Neteller as a payment method
  • RemitBee does not offer Skrill as a payment method
  • RemitBee does not offer a mobile wallet.
  • RemitBee does not offer Home delivery for money transfers.
  • RemitBee does not offer Cash pickups for money transfers.
  • RemitBee does not offer Money orders.
  • RemitBee does not offer Livechat support.

What Is RemitBee?

RemitBee is a financial service company, that offers its clients money transfer services.

RemitBee was founded in 2014 by Pratheepan Yoga and has offices in Mississauga, CA.

RemitBee provides money transfer services to its 500000 customers who are from all over the world including over 40 countries.

The Mississauga, CA RemitBee business was founded in 2014 to deliver money orders locally and internationally.

Do RemitBee Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is RemitBee Trusted And Established?

RemitBee is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

RemitBee was established in 2014 in Mississauga, CA, and has been in operation for around 10 years RemitBee have a head office in Mississauga, CA.

RemitBee review
How much does it cost to send a RemitBee Transfer?

RemitBee money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. RemitBee only charges 2.99$ below 500$, when compared to other money transfer service providers.

RemitBee review
How much can I send with RemitBee?

The maximum transfer amount with RemitBee is up to 3000 CAD/day, 25000 CAD/month (or its currency equivalent) online.

While RemitBee charges a small percent of transfer fees, the brand offers reasonable exchange rates.

RemitBee review
RemitBee Money Transfer Terms and Conditions

When transferring money with RemitBee, it is crucial to keep tabs on the following:

  1. RemitBee Speediness. Often the need to money transfer may be urgent and time critical.
  2. RemitBee Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. RemitBee Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. RemitBee Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. RemitBee Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. RemitBee customer service should respond to your queries quickly and work with you to resolve any issues that you have.

RemitBee review
How RemitBee Compares To Other Money Transfer Companies

NameRemitBeeXE Money TransferWise Multi-Currency Account
Usedby50000028000000011000000
Transfer Time1-3 business days1-4 business days1-2 business days
Min TransfernoneUS$1.001 USD
Max Transfer3000 CAD/day, 25000 CAD/monthUS$500,000.00 (or equivalent)1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Payment MethodsInterac Online, e-Transfer, Bill Payment, EFT and VISA/Mastercard DebitBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

RemitBee review
RemitBee Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through RemitBee or imposed by RemitBee. Your RemitBee money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your RemitBee account.

RemitBee review
RemitBee Fees & Exchange Rates

Several money transfer platforms like RemitBee charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case RemitBee may charge for a currency exchange.

RemitBee review
RemitBee Transfer Fees

A transfer fee is the sum of money that a money transfer operator like RemitBee charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

RemitBee review
RemitBee Exchange Rate Margins

Exchange rate margins are how RemitBee, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like RemitBee quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with RemitBee to see what their exchange rate margin is.

RemitBee review
RemitBee Methods to Transfer Funds

A RemitBee fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

RemitBee enables users to transfer money using bank transfer, via none.

RemitBee review
RemitBee Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

RemitBee offers every available world currency to its customers. We list the major RemitBee supported currencies below.

RemitBee Money Transfer Currencies
NameCurrencies
INR, LKR, EUR, GBP, CHF, AUD, SGD, USD, VND, MYR, NOK, CZK, DKK, HUF, PLN, SEK, NZD, AED, HKD, JPY, MXN, SAR, ZAR, THB, TRY, QAR, CNY, PHP, PKR, BDT, NPR, KES, RUB, XAF, ETB, GHS, RWF, KRW, RON, XOF, TZS, UGX
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

RemitBee review
RemitBee Transfer Options

RemitBee offers the following transfer options:

RemitBee Money Transfer Options Compared
NameTransfer Options
cash pickup
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up (Philippines)
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with RemitBee. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

RemitBee review
Who RemitBee Services Are Available To

RemitBee offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

RemitBee Country Restrictions

RemitBee does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because RemitBee is not allowed to legally operate in those regions or it is not economically viable for RemitBee to provide money services in these regions.

RemitBee review
RemitBee International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your RemitBee money transfer is quick and simple with the modern RemitBee online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the RemitBee website.

The RemitBee website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

RemitBee review
RemitBee Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. RemitBee has a minimum transfer amount of none.

RemitBee review
RemitBee Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, RemitBee does not have a maximum transfer limit when the user is paying through phone. There is however, a 3000 CAD/day, 25000 CAD/month limit per transaction for online transfers.

RemitBee review
RemitBee Money Transfer Fees and Charges

These are the fees charged by RemitBee and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

RemitBee review
How Long Does It Take to Get a RemitBee Money Transfer

RemitBee money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like RemitBee, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from RemitBee.

RemitBee review
RemitBee PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. RemitBee is not a publically listed company. RemitBee is a privately owned company.

RemitBee review
RemitBee Money Orders

The charges for issuing money orders with RemitBee are 2.99$ below 500$.

RemitBee review
RemitBee Mobile Top Up

RemitBee offers mobile top ups.RemitBee mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

RemitBee COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with RemitBee directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are RemitBee Money Transfers Best For

There may be many reasons you are looking to action a money transfer with RemitBee. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

RemitBee money transfers are best for people looking for looking for a reliable fast money transfer service.

RemitBee Guide for Fast Money Transfer Approval

For RemitBee to be able to process your money transfer application as quickly as possible make sure you have everything RemitBee need. If you and RemitBee need to go back and forth it may delay the RemitBee application process. Make sure every piece of information you give RemitBee is accurate.

Please note that you must have at least a minimum of one active bank account for RemitBee to process your money transfer.

RemitBee Application Time

Application time refers to the amount of time you have to wait for your RemitBee registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the RemitBee system.

RemitBee Approval Time

It is the time it takes for RemitBee money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

RemitBee Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your RemitBee money transfer has been approved the money should be in your account within four working days.

RemitBee review
Things to Check Before a RemitBee Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering RemitBee money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

RemitBee review
RemitBee Customer Support

RemitBee support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. RemitBee customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a RemitBee money transfer you will want to speak to a RemitBee representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

RemitBee review
Does RemitBee Offer Live Chat?

Customers can reach out to RemitBee through live chat to resolve RemitBee money transfer account issues or difficulties with their RemitBee account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

RemitBee review
How does RemitBee Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like RemitBee you will want to know how RemitBee compares with other leading online money transfer companies. See how RemitBee compares below.

  1. Visit RemitBee alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit RemitBee alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  3. Visit RemitBee alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  4. Visit RemitBee alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  5. Visit RemitBee alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit RemitBee alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  7. Visit RemitBee alternative InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  8. Visit RemitBee alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  9. Visit RemitBee alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  10. Visit RemitBee alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  11. Visit RemitBee alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

RemitBee review
RemitBee Website and Mobile Apps

RemitBee has a website available online but it may be useful to manage your RemitBee account from your mobile device like your tablet or phone.

RemitBee offers an Android mobile application on the Google Play store.

RemitBee offers an Apple IOS mobile application for iPhones and iPads allowing RemitBee to users to check their RemitBee accounts on their iOS mobile devices.

RemitBee review
RemitBee Deposit and withdrawal Methods

RemitBee offers the following Money Transfer payment methods: Interac Online, e-Transfer, Bill Payment, EFT and VISA/Mastercard Debit. All of significant bank systems are all acknowledged with RemitBee.

RemitBee offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that RemitBee may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from RemitBee.

RemitBee review
Is My Money Safe With RemitBee?

RemitBee is a reliable, secure, and trusted option for sending money overseas. RemitBee are registered and regulated with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by RemitBee customers.

RemitBee review
RemitBee Financial Regulation and Safety of RemitBee Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like RemitBee that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that RemitBee is fully licenced as a money transfer company.

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RemitBee Payment Services Regulations and RemitBee

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check RemitBee is financially regulated. RemitBee is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that RemitBee Possess a responsibility of care to their clients.

Is RemitBee Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like RemitBee are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on RemitBee and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

RemitBee Segregation of Client Funds

RemitBee as part of their regulation are required to segregate client funds from RemitBee company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

RemitBee regulatory requirements mean that RemitBee Money Transfer funds and your funds should be totally separate. RemitBee cannot use any money that is still legally yours to conduct RemitBee daily business like paying RemitBee suppliers and costs. Your funds should be kept by RemitBee in a segregated bank account.

RemitBee Regulation Checklist

  • Check whether RemitBee has authorisation to offer consumer credit
  • Check the type of activities that RemitBee are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of RemitBee list on their website and the regulator match.

RemitBee Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

RemitBee goes to great lengths to protect your RemitBee account from fraudulent use. We explain some of RemitBee anti-fraud features below:

  1. RemitBee has SSL encryption that protects the customer's private information.
  2. RemitBee has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The RemitBee platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their RemitBee account, as you are instantly aware of every RemitBee transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with RemitBee, the RemitBee accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and RemitBee delivery instructions.

RemitBee Monitors Your Account for Suspicious Transactions

RemitBee has systems and controls in place to detect fraudulent activity and protect RemitBee client accounts from misuse. If RemitBee detect a questionable transaction on your RemitBee account, RemitBee will contact you to verify the transactions legitimacy to ensure your RemitBee funds are safe.

How Does RemitBee Make Money?

RemitBee and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. RemitBee also earn money via foreign exchange rates.

Money transfer companies like RemitBee and banks need to survive, so they make money on interest from accounts and money transfers.

RemitBee Frequently Asked Questions

We list some of the most frequently asked RemitBee questions below.

Is there a limit to how much I can transfer with RemitBee?

You can transfer up to 3000 CAD/day, 25000 CAD/month at a time.

When will I receive my RemitBee transfer?

It normally takes 3-5 business days.

Is it possible to cancel my RemitBee transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number +1 647-689-2323.

How old do you have to be to sign up to a RemitBee account

To signup to a RemitBee account you will need to be at least 18 years old.

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Is RemitBee a Scam?

RemitBee have been in operation since 2014 and have over 500000 customers and 28 employees. RemitBee is not a scam.

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Sending money online with RemitBee

Sending money with RemitBee is a single process once you have registered and verified your RemitBee account and payment methods.

  1. Go to the RemitBee website
  2. If you have a RemitBee account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell RemitBee how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the RemitBee exchange rate and any fees.
  7. Pay for your RemitBee transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

RemitBee review
How do I receive money from a RemitBee money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your RemitBee account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive RemitBee money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. RemitBee allows for a deposit directly into your bank, credit union or other financial account.

RemitBee Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. RemitBee allows you to pick up money in person at a RemitBee agent location.

RemitBee Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

RemitBee Does not support mobile wallets.

RemitBee Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. RemitBee do not offer home delivery money transfers.

When was RemitBee founded?

RemitBee was founded in 2014.

Is RemitBee Any Good?

RemitBee have a rating of 3 and are financially regulated, RemitBee can be considered a good money transfer company.

Is it easy to close my RemitBee account?

Its is easy to close you RemitBee account. You will have to make sure any outstanding payments and fees due to RemitBee are paid in full Before RemitBee will fully close your account. Make sure when closing your account RemitBee send you an official confirmation that your account is closed and no more monies are due to RemitBee.

Does it take long to setup a RemitBee account?

No, setting up a RemitBee account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your RemitBee account in 1-3 days.

Where are RemitBee based?

RemitBee are based in Mississauga, CA

Countries where RemitBee is legal?

RemitBee is legally allowed to operate in over 30 countries.

How do I track a RemitBee Money Transfer

You can track a RemitBee money order by calling RemitBee or by tracking the order online. Call RemitBee number on +1 647-689-2323. The RemitBee automated phone system will take a few details and give you a status update. You can go online to the RemitBee website and check the status of a money transfer at any time.

If you have a RemitBee online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the RemitBee transaction, use the RemitBee payment reference number on the RemitBee website to check the status of the transfer.

Can I cancel my RemitBee transfer?

The way that you cancel a RemitBee transfer depends on how you created and sent the RemitBee money transfer originally.

You may need to contact RemitBee by phone on +1 647-689-2323, through their website at www.remitbee.com or via email [email protected]. Requests are typically processed within 30 days, and you may be charged a cancellation fee by RemitBee.

If you made the RemitBee transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a RemitBee account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a RemitBee transfer on their website.

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