Remit Choice Vs Sigue Vs Eversend
It's time to send money home, and you are looking for the best money transfer platform, right? Every confusion will be solved here about the remittance companies. Just go through the writing and decide on your own. Here is a comparison of the world's three best companies based on payout network, fee, speed, and exchange rates.
Network:
Remit Choice:
Remit Choice is available in 37 countries and can send money to over 70 countries worldwide.
Sigue:
Sigue allows sending money from the US to 60+ countries worldwide.
Eversend:
Eversend is available in 7 countries across Africa.
Costs:
Remit Choice:
Currently, no fee is applied to any amount transferred via Remit Choice. The transaction amount has no minimum or maximum limit to apply charges, and all transfers are done with zero fee. Also, credit card transactions are fee-free.
Sigue:
Sigue charges fees on each transaction, and it varies based on your location.
Eversend:
Eversend is a mobile money transfer service that charges between 2.5% and 4% fee on each transaction.
Safety and Security
Remit Choice:
Remit Choice is an approved financial payment institution by FCA. It complies with GDPR and uses two-factor authentication and strict compliance checks to secure each transaction. The App and website are both protected with end-to-end encryption.
Sigue:
Sigue is reliable and secure for sending money abroad because it is an authorized funding source in various countries and many US territories.
Eversend:
The Eversend app and website are protected with 256-bit SSL encryption. You will always know the exact whereabouts of your money with real-time notifications of any account activity. It means it's the most secure app for sending money.
Exchange Rates
Remit Choice:
Remit Choice makes its way faster in the remittance industry as they offer services at the best exchange rates.
Sigue:
Sigue's exchange rate is determined by taking the mid-market rate and adding markup in the form of a percentage charge.
Eversend:
The costs that Eversend applies to the exchange rate range from 1.5% to 3.5%. Before completing your transactions, you will know the exact amount.
Pros and Cons of Remit Choice Vs Sigue Vs Eversend
Remit Choice
Pros
- Instant transfers
- Best exchange rates
- No hidden charges
- Accessible through the website and App
Cons
- Strict compliance checks
- It might be unavailable in some countries
Sigue
Pros
- Transfer to almost 60 countries
- Several viable methods of payout.
- You may pay with cash in person or use your card online or in the app.
- Your funds may come between 30 minutes to 24 hours.
Cons
- There are transfer fees involved, the amount of which depends on your final destination.
- Sigue charges an extra fee beyond the market exchange rate.
- There will be no transfers to or from business accounts.
Eversend:
Pros
- Transfer Funds to 7 Countries
- Regardless of your country of origin, you may have a wallet for each of the seven nations.
- Save up to 70% when exchanging currency with Eversend compared to local banks.
- A U.S. citizen can transfer money to your Nigerian bank account with the Eversend app.
- You can pay for utilities and fill up your phone's airtime.
Cons
- A limited network
- High fees and hidden
Conclusion:
So, by going through the different desired factors for you as a customer or potential customer of a money transfer company, it's now easy to choose the best remittance company suited for your personal or international transfers.
