If you are unsure you should get independent advice before you apply for any product or commit to any plan. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) or the information they can provide. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. We also don't recommend specific products, services or providers. Although we cover a wide range of products, providers and services we don't cover every product, provider or service available in the market so there may be other options available to you. We are not owned by any Bank or Insurer and we are not a product issuer or a credit provider. We hope that the information and general advice we can provide will help you make a more informed decision. Please refer to our FSG - General Insurance. 511363 for the provision of general insurance products. We are also a Corporate Authorised Representative of Countrywide Insurance Group Pty Ltd trading as "Austbrokers Countrywide" ABN 51 586 953 292 AFSL No. We can also provide you with general advice and factual information on about a range of other products, services and providers. Please refer to our Credit Guide for more information. We also provide general advice on credit products under our own Credit Licence ACL 385509. Please refer to our FSG - Financial Products. If you'd like the convenience of a mobile app, check out our review on some of the most popular money transfer apps.ĭisclaimer - Hive Empire Pty Ltd (trading as, ABN: 18 118 785 121) provides factual information, general advice and services on a range of financial products as a Corporate Authorised Representative (432664) of Centra Wealth Pty Ltd AFSL 422704. While WeChat doesn't have the ability yet to make an international money transfer, there are other providers that can. Are there other ways I can send money overseas? ![]() However, make note that your recipient will need to have signed the kinship commitment letter (if they are receiving money for Family Support reasons) in order to be able to receive the money sent. ![]() All you need to set up a transfer is your recipient's name and phone number associated with their WeChat account. Remitly now allows users to use WeChat to send money to loved ones in China. So it’s safe from hackers, but no transaction is completely private. ![]() Keep in mind that the Chinese government monitors all social media devices, including WeChat. However, WeChat doesn't provide much information on other digital safeguards.īecause WeChat Wallet is based in China, it isn't required to comply with Australian security standards. WeChat encrypts your personal information, financial details and monetary transactions. Is sending money over WeChat Wallet safe? Unless the user from South Africa heads to China, the money will be useless. What this means is that if you're trying to send money from your wallet in China to someone in South Africa, the money will be sent, but now the recipient in South Africa will also have a Chinese wallet. Be aware that only wallets specific to the areas supported by WeChat - China, Hong Kong, Malaysia and South Africa - can send accessible money between each other. WeChat is not legally allowed to process international money transfers. Are there restrictions for sending money with WeChat? By reviewing your balance you can view and manage how much money is in your WeChat account. The money you’re sent on WeChat is automatically transferred into your WeChat Wallet - meaning you don’t accept or deny payment. What happens when someone sends me money? Click "Transfer" again and enter your password to complete your transaction. ![]() Specify how much you'd like to send or receive, and add a note if you like.
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