Asenso Remit Money Transfer Review

Exchange rates, Payment methods, How to, Transfer fees and much more

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Trademark Disclaimer: Asenso Remit* with whom RemitBee Incorporated (“We,” “Us,” “Our”) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.

Everything you need to know

Asenso Remit review

When sending money from Canada to the Philippines, senders have many choices. Asenso Remit international money transfer is a website and app offering services to send money to Philippine recipients.

But how does Asenso Remit work? How much can you send and how can you pay for a transfer? You may also be concerned to know if this money transfer service is legitimate and safe to use. Operating in Canada since 2017, it is a fairly new company. That means it can be hard to find information about the service.If you want a review of Asenso Remit, keep reading. This article will tell you everything you need to know about Asenso Remit and its money transfer service in Canada.

Payment Methods Available with Asenso Remit

Asenso Remit has two major ways to pay for a transfer. The first is using a debit card in your own name. You cannot send with a credit card, however. The second is by Interac e-transfer, the Canadian interbank transfer system. To use this you must log into your bank’s online banking system.

How much can I transfer with Asenso Remit?

The maximum you can send in a single transaction with Asenso Remit is different according to the method you use to fund the transfer.

Debit Card

Maximum send amount per transaction: USD 300

Interac e-Transfer

Maximum send amount per transaction: USD 3000

Point of Sale (POS)

The maximum amount you can send depends on your country of residence and Upto USD 300.

How long does a transfer usually take with Asenso Remit?

Every transfer will take a different amount of time depending on a few things. Asenso Remit moves your money as quickly as possible, but the speed will be affected by things like the currency you’re sending to and from, how you pay for it, and banking hours.

Whatever currency you’re sending, converting your money can always take up to 1-3 business days.
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Asenso Remit Transfer Fees

Asenso Remit offers a fee calculator which shows that the fees tend to go up about $1 easily the more you add. Be sure to be aware of this. Also, keep in mind you may have to pay fees twice if the amount you need to transfer is over their limit.
  • Credit to bank account: From $3.99
  • Bills payment: From $3.99
  • Cash Collection transfer: From $4.99
  • Door-to-door: From $4.99

    • Pros and Cons of using Asenso Remit

    Pros
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    Competitive fees for some services

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    Bilingual customer support

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    Recipient can get money in as little as 1 hour

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    Small referral bonus if you recommend Asenso to a friend

    Cons

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    Cannot use credit card to fund transfers, only debit card

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    Fee structure is confusing and can be expensive

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    Can only send a small amount in each transfer if using a debit card

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    Only offers money transfers and bill payments, no other services

    Asenso Remit exchange rates

    Asenso Remit offers guaranteed exchange rates when you want to send money to another country. Their exchange rates are competitive with the mid-market rate you’ll find at most banks. This means they charge less markup on those rates, overall costing you less. These rates are locked in when you initiate your transfer, and they are updated daily. This means the amount you are quoted is how much your recipient will receive, even if the transfer takes a few days and rates change.
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    Best rates with RemitBee

    RemitBee makes sending money abroad simple, fast, and affordable. With transparent fees and no hidden charges, it offers competitive pricing for international transfers. You can choose from multiple payment methods and benefit from the mid-market exchange rate, which ensures you get the best value for your money.

    Transfers are secure, with top-level encryption protecting your data and funds. Whether you're sending money to family or handling business transactions, RemitBee ensures a smooth, reliable experience every time.

    Safety and security

    Is Asenso Remit money transfer secure?

    Asenso Remit is registered in Canada with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This body is responsible for regulating and authorising all money transfer services in the country. It has procedures in place to avoid money laundering and enhanced KYC (Know Your Client) rules for verifying senders. Asenso Remit says that it securely stores customer details in its system. It also claims that its technology for transactions is the same encryption and security level as banks.

    With Asenso Remit you can send money from the following countries

    Asenso Remit only sends money to the Philippines.
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    Other Money Transfer Providers

    Frequently asked questions

    Have questions? We have answers!

    Is Asenso Remit secure?
    How long does a transfer with Asenso Remit take?
    How much can I send with Asenso Remit?