Small World Money Transfer Review

Company name: Small World Financial Services Group

Service description: Bank to bank international money transfers and cash pick-up via online platform.

Website address: www.smallworldfs.com

Website Languages: English, German, Spanish, French, Italian, Dutch and Portuguese.

Review Summary: Small World is a payment service provider, offering a secure and quick way to send and receive money to 195 countries worldwide. Funding is done online via debit or credit card.

Recommendation: Similar in terms of friendliness to CurrencyFair, but a lot more expensive. We do not recommend using it for bank-to-bank transfers simply because of the rates, despite its very friendly and easy to use platform. We do find the company to be excellent in every other respect.

Small World Fees:

Small World money transfer uses a transparent fee system. That means you can view exactly how much money you will pay and the recipient will get, on their website. The rates and fees vary between different destinations and obviously depending upon whether you fund your transfer online or through a bank transfer, and whether the recipient will receive the funds into his bank account or withdraw them as cash. For example, sending to India will cost you £6, the same payment to Australia costs £5, and sending the same to the US will cost £9.90.

Below you can find several live comparisons with have made between Small World FS fees (based on their website) versus other companies. It is definitely true that Small World FS is more diverse than its competition. Regarding cash transfers, it is competing against very expensive services like Western Union and Moneygram (which you can read about here), and the service is still considered expensive compared to its competitors.

From UK to USA

From UK to Europe

From UK to Australia

Small World Supported Currencies:

Small World supports the transfer of 127 currencies because, for the most part, it uses SWIFT to make the money transfers. This means that almost any country in the world is a possible destination for its customers. So it will be very hard to find a currency that the company can’t help you with.

Small World Supported Transfers:

Small World can help you send money in a multitude of ways:

• Banks transfers
• Cash pick-up
• Home delivery
• Mobile transfer

There is no minimum amount required to initiate a transfer and neither is a maximum. Of course, depending on the country and regulation, they might require some verifications to be concluded, but that is only to comply with the laws.

Small World FS Offices:

Small World FS has a network of over 250,000 pick up locations and a global team of 800 people helping deliver money to bank accounts in over 90 countries.

They also have branches in the following countries:

Regulation:

LCC Trans-Sending Ltd is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration number 504482 for the provision of payment services.

Small World Mobile App:

Everyone wants to tap the ever-growing mobile market and SmallWorld makes no exception with the creation of a mobile app for its service for both Android and iOS.

Similar to their browser-based service, you can work on the app with the same number of currencies.

If you want to check it out on your own, here are the links for Android and iOS.

Registration Process:

The first step in the process of sign up is similar to any other website that requires making an account – adding your personal details like name, e-mail address and the desired password:

After submitting this information, you will receive an email to the address you provided. Click on the Accept & Confirm link, and you will be redirected to their website to log in to your newly made account.

When you enter your account information, you will be prompted with a message that will let you know that you’re now registered and need to add some more details. For this, simply click the Enter Personal Details button that will open the new form where you will be required to enter your date of birth, phone number, postal code, address and city of residence:

And that’s it. The signup process is done in a matter of minutes and just 3 steps.

News and Articles:

To be updated with all the news about SmallWorld money transfer, be sure to check out their News section of the website. From time to time, they offer coupon codes that will waive the transfer fee.

Support:

If you have any questions about SmallWorld money transfer, be sure to visit their Contact us page or you can call them directly on this number:

Small World contact number:

Conclusion:

Great service with a friendly and easy to use platform. The transparent way that the fees are shown to the clients before making a transfer, gives a great incentive for people to continue using it because it provides a great deal of trust.