From our previous blog, we shared some info regarding the imminent closure of remittance providers in Australia. If the business of most remittance providers such as iRemit and ForexWorld would closed or be affected, it is time to look for other ways. see  Filipino and other Remittance Providers in Australia to be close on 24 November 2014 From my own personal research/readings, the big four Australian banks are joining many of the world's largest banks in fighting money laundering and terrorism funding and eventually will make it difficult for Asia and the Pacific's poorest people from receiving remittances from relatives in Australia. That's basically the gist on why remittance providers will likely be closing soon. Nevertheless, I am here to discuss about WorldRemit - which has offices in UK, US, Canada and Australia - may be here to stay. I've been using WorldRemit for quite a few time already to send money from Australia to UK and the Philippines. I h...

Major banks in Australia plans to shut all remitter accounts by Monday 24 November 2014. This news is now circulating in Facebook. At first, I found it to be a hoax only but a friend shared to me a page or website from a Filipino remittance company ( https://www.forexworld.com.au ) which also says the same. For many Australians, the low-cost and fast money transfer services provided by registered remitters is the only way they can send essential funds home safely and securely. These funds are considered a lifeline to the many communities that depend on them. Hundreds of migrant communities across Australia will lose their ability to send money home to family and friends if banks continue their plans to close the accounts of remitters. The last of the major banks plans to shut all remitter accounts by Monday 24 November 2014. Without bank accounts in Australia, remitters cannot complete the transfer of their customers’ funds to destination countries, which means that...