Top 10 Money Transfer Companies in 2026
Table of Contents
We only list companies that are trustworthy and appropriately licensed. Our aim is to give you a comprehensive view of the regulated money transfer marketplace.
DisclosureMoneyTransfers aims to help users find the best money transfer provider for their needs. To support our free service, we may earn a commission from some of the providers listed in our search results. The commission may also impact the ordering of the providers shown. Our reviews are independent from this and are based on our editorial policy, research and testing of dozens of remittance providers on the market.
Table of Contents
Sending money through a specialist money transfer company is the best option for most people. They offer a better exchange rate and faster transfers than banks or PayPal.
All data on this page updates daily and is verified via the MoneyTransfers.com comparison engine and real test transfers.
Read on, and we’ll help you choose the best remittance company that fits your needs.
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At a glance
Based on our live comparison data and real test transfers across 200+ providers, we found that:
Wise: the best money transfer app for everyday transfers and travel
Revolut: the best combination of banking features and good transfer rates for under $1,000
Regency FX: the best option for large money transfers (think $10,000+)
Airwallex: the best service for international business payments
In reality, though, there isn't one single “best” money transfer service.
It depends on your transfer amount, currencies involved, and deposit/withdrawal methods.
Using your bank for international wire transfers is expensive due to poor exchange rates and high fees.
Thankfully, there are better alternatives available.
The 10 best international money transfer companies in 2026
Money transfer companies offer secure, low-cost, and fast ways to send money abroad.
After testing over 200 money transfer services and analyzing live comparison data, these money transfer companies consistently offer the best mix of exchange rates, fees, and transfer speed.
TIP: Click into the little speech bubble next to each service to see the comments left by our users.
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Please share your experience with Wise
Would you recommend Wise?
Russell Pinkes
I can’t send money to Belize
Katsiaryna
Once trying to open sire, was automatically blocked for no reason
Alan
Unable to transfer money from Philippines to any other country. Philippines Wise does not work
Anonymous
Retiro de dinero en transferencia
Uwe
great rates and service - unfortunately for some countries not yet available
Martin Premprakash Anantharaman
On the first transfer to a hospital in NY they were already screaming that this was a sure scam and the same on my next transfer to a fried in Nigeria. They then summarily closed my account TERMINATING THE RUNNING TRANSFER TO NIGERIA, claiming that, hold on, I was being scammed🤦♂️ Sure, I could have appealed but immediately found that I would have had to provide so much intrusive detail that I desisted.
Martin Premprakash Anantharaman
Setting up is a bit unwieldy if you want to make a one-off transfer, as you have to create an account with complete identification - but it works and the process as well as charges are great.
Anonymous
My brother wants to send me money from India to Nigeria but he's finding it difficult how can he do it
Mohammed
WARNING : Wise was Great until main office decided to ruin WISE By letting the TW India office control handling Random verifications and do what ever they want by insane replies and no replies etc. If you want to waste your time and enjoy a journey into Black Hole of Insane then go ahead and try WISE !
Anonymous
Can't receive money from php to idr so far
sudheir
They don't allow transfer to Brokerage firms from India
Anonymous
Good app to transfer money
Anonymous
I didn't find Cuba on your list.
Anonymous
cuba not work
Nina
I made a transfer to a Canadian company 1.5 months ago, and the funds have not yet been received. After multiple emails, Wise insists that the money was paid out. However, I have received an official statement from the recipient’s bank confirming that the money has not been received. Wise's complaints department sent me a final letter stating that, according to their records, the funds were paid out. Additionally, Wise states the following in their Customer Agreement regarding their responsibility for losses: Quote from Wise's Terms: "Our Customer Agreement also explains our responsibility for losses in Section 29: 29.1 Unforeseeable loss or damage. We are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time the contract was made, both we and you knew it might happen, for example, if you discussed it with us during your sign-up process. 29.9 We are not liable for things which are outside of our control. We (and our affiliates) cannot be liable for our inability to deliver or delay because of things which are outside our control." Despite these terms, Wise has not been able to resolve this issue, and the money has still not been delivered as promised. I find it irresponsible that Wise does not conduct any investigations into the matter. The Canadian bank associated with Wise is unable to provide any information, as everything goes through Wise. Wise must be capable of tracking the funds and providing precise details about where exactly the money is, who received it, and to which bank account it was deposited. I would advise everyone to be cautious when transferring large sums of money with Wise. They are not capable of executing a secure money transfer!
Shengjie Yin
good and perfect
Tristan
Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business I am sharing my experience with Wise to warn fellow business owners about the serious risks and unacceptable practices you may encounter if you choose to use their services. My business, is a legally registered travel agency in the UK, and I relied on Wise to manage payments for my photography and cultural tours, primarily in South America. Things took a turn for the worse when Wise froze my account and accused my business of violating their Acceptable Use Policy, citing my once-a-year humanitarian trip to Cuba. Despite explaining multiple times that: No Cuba-related transactions were ever processed through Wise (I use a separate European bank for this purpose), My tours comply with the “Support for Cuban People” category authorized by OFAC, designed to help Cuban citizens outside state control, Wise completely ignored the facts. Their customer support team responded with automated messages, refused to engage in any meaningful dialogue, and even lied, claiming they didn't monitor my emails—despite clear evidence to the contrary. After days of chasing them and providing thorough documentation, they chose to close my account without justification. The Consequences: Wise left my business in chaos, disrupting essential transactions and client arrangements. Their rigid policies align with sanctions widely condemned by the global community, and in doing so, they indirectly support humanitarian suffering. The Bottom Line: Wise is unreliable, unresponsive, and unethical. If your business has any complexity or humanitarian focus, beware: Wise will shut you down without notice or explanation, and customer support will abandon you. Their actions have serious real-world consequences. Avoid Wise if you value your business stability or require ethical and accountable financial services. There are far better alternatives out there that won’t put your livelihood at risk Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business
Anonymous
I have been a customer for a few years. Yes I love the instant deposits as I make around $1K. However as many non US entities Wise uses a bank out of New York. Therefore the TRANSFER and DEPOSIT from an account transfer can take 4 to 6 days. What this means is that you will not able to make another ACH transfer during this time. This is frustrating if you have to make a follow up transfer in a few days. All in all don't plan to make more than 4 transfer in a month because it may not fo through, Not sure if other transfer companies operate the same way but I am about to find out as I will try Revolute. Bottom linw will require you to use ANOTHER payment method like credit card or some other method. Understand this: YOU MAY HAVE THE MONEY IN YOUR ACCOUNT but they WILL NOT TRY TO VERIFY IT WITHIN THE THE PERIOD IT WILL TAKE THEM TO DEPOSIT IT IN YOUR ACCOUNT. To add insult to injury I called in and the agent siad that they can see that they got paid but the computer takes time to update/reconcille I guess! It is a slow system!
Anonymous
There is a lot of advice on RECEIVING INHERITANCE in the UK from overseas but nothing on the rules for SENDING money gifts to grandchildren living OVERSEAS and the rules on Inheritance Tax in that case.
Anonymous
The service is decent, nothing more. I have had security issues that are not quickly resolved. Call center personnel are average. The app is not, in general, user friendly. You should definitely do research on a variety of service providers before making a choice. Do not take the reviews at face value. I chose Wise based on positive reviews but now regret not doing more research on other companies.
Anonymous
So far so good
Daniel
I checked to see if Wise even sends money to Colombia. Colombia is not even in their list of countries. Why is it even advertising for Colombia?
Bill Sanders
I have used Wise for several years. They once rejected a large transfer because it was to a coal company. Apparently, they are a woke company! But they refused to tell me why. More recently, they required verification of my identity using a smart phone. I am 69 and never owned a cell phone because I don't need one. But they forced me to buy one, which I did last week. Getting the phone updates ate up all my data, so i got 1 GB more. I took 12 different pics of my passport and another 12 of my face for them. They rejected them - and are holding up my transfer. Now my phone ate up that gig of data and I must buy another gig (thru Tracfone) just to use the phone. What a hassle. This is not a photo studio! They know who i am already. Note: This comment has been edited by the MoneyTransfers.com team to align with our content guidelines.
Ziggy Meilus
It used to be always instant, now it may come right away or it can take 5 even 7 days to get the money.
Anonymous
i've heard of people having issues with accounts being locked/restricted, but i think that was mostly for business accounts, maybe they were locked for good reason. for me, i've had no issue with my account though i've only used it for small transfers and not very often, over the past 5+ years
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
Please share your experience with Regency FX
Would you recommend Regency FX?
Anonymous
Say they will give you free quote, make it seem all they want is your email but then once you provide that they ask for everything else too
Elmo Saunders
Selling house in Okinawa, want to transfer from yen to USD when exchange rate is better than 120 to 1. Want to transfer from Okinawa bank account to Charles Schwab account in USA.
Anonymous
Comparison shows best outcome, but they want to give a quote via email or phone. Let's see...
Dominic Bolongaro
DO NOT USE THIS COMPANY! In particular do not use James Low. There are a number of 1 star reviews on here all saying the same thing. They provide a rate, when quoting for the transaction, which is in line with (or better than) other FX services. They then, once funds are received, give you a rate significantly lower than other FX services. In essence shaving off as much as they can get away with. In my case I refused to accept the initial rate and they readjusted twice before I was happy to proceed. Even then the rate I had to accept was a good few hundred pounds lower than other FX services. In my opinion they, and in particular James Low, are running a racket not a legitimate FX service.
Anonymous
It's a 10.
David Piper
Superb service, great rates
Simon Smith
Regency FX are great. Sending my earnings in Saudi home, and the guy that looks after me is brilliant
Claudio Velazquez palacios
Pay all transacción ok tank
Geoffrey Brooke
A very stressful experience. Their verbal quote was a lot higher than what they actually offered us once they had our money. On the Monday, Jamie at Regency FX verbally quoted us €1.1714/£, which was better than anyone else on the day. So we transferred our money to them, but by Thursday, he quoted us less than €1.14/£. The spot rate on Google had hardly changed and other FX companies were still quoting around €1.17/£. Fortunately, we were in no hurry to send the money so asked that they refund us if they couldn't get near €1.17. By Friday afternoon, Jamie quoted us €1.1647/£, which we reluctantly accepted (to reduce the hassle factor), which seemed to be about average when compared to other FX traders. Most of the initial reviews we had seen seemed quite positive, but when we looked further, we saw that there were others who had a similar experience.
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."
Please share your experience with TorFx
Would you recommend TorFx?
Arun
Misleading information
Anonymous
Can't transfer from India
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Please share your experience with Xe
Would you recommend Xe?
Anonymous
The transfer rate was way lower than displayed on the comparison site.
Anonymous
Great for large transfers.
Anonymous
Fast, great rates, easy to use. Good for large transfers.
Paul Ansems
XE money transfer scam -stay away-WARNING Don't use this company! After several successful transfers. This time, I sent the money and they received it. After 7 days with no reason that they would cancel it. I sent their compliance team everything they asked. I found my privacy threatened but sent them anyway. I asked for a supervisor or manager but was denied. They obviously hang onto your money as long as possible and after making money from it like interest. If the exchange rate amount is too high and drops after holding it then they cancel it. WARNING Don't use this company!
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Please share your experience with OFX
Would you recommend OFX?
Anonymous
They have limit amount
Anonymous
Not free service
Schuffner
all question answered, rechecked, not successful!
Jon
Free for two months than have to pay a monthly fee. I don't want to do that.
Anonymous
Plz give me my withdraw
Anonymous
Gives better exchange rate
Michael Patrick Briggs
It amazes me that a company dealing with your money can afford to be so cavalier with how they treat you. I made a transfer of AUD$3000 to two different recipients on a Monday, then apparently needed to verify my identity due to an update of location actioned by a staff member without my consent. I provided that on the Tuesday, and despite contacting OFX three times over the next few days, only got an update at 4.30pm Friday that more information was required. That came with a promise that if I got it to them fast, my transfers would be processed before 5pm. I sent the requested information within minutes - it is currently 5.30pm and nothing has happened. That means AUD$3000 has been sitting with them for a week, transfers don't occur on the weekend, and I have no faith it will even be Monday, because they only get back to me if I chase them. If you put AUD$3000 on the short-term money market along with money from the 100,000 other customers they cheat like this, you make some pretty good intertest off other people's misery. OFX should be ashamed of themselves and fined by the regulators - I'll certainly make sure at least one of those things happen, but otherwise highly recommend you choose another provider for international money exchange.
"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."
US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.
Please share your experience with Revolut
Would you recommend Revolut?
Anonymous
Family purpose
Anonymous
Our family and in-laws use revolut for when they come to the UK, when we're in Germany, France or Portugal to pay each other back for holiday expenses for our families such as shopping, meals, petrol, gifts etc. It's great.
Anonymous
not competitive
Anonymous
Yes i recommend
Malek
Does not support transactions for people resident in algeria
Gigani
Excellent service
Eric
Does not support transactions for people resident in Indonesia
Anonymous
Excellent
František
I have had Revolut for a long time and I can recommend, the best app for me Note: Translated from "Revolut už mám dlouho a můžu doporučit za mě nejlepší aplikace"
Anonymous
I haven't been able to set up. it won't resend the codes
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
Please share your experience with Remitly
Would you recommend Remitly?
Anonymous
The Exchange rates are Terrible. Lost £150.00 by sending £5000 That is a huge amount. When other companies have much better rates. costing about £25-£35 for the same amount of funds transferred
Anonymous
Was told the money would be there same day, transferred money for an emergency 3 days later and they keep saying something different each time we call. It’s not a small amount of money and the money is no longer in our bank account.
Andrew Lippert
Too convoluted - Not worth the time
Anonymous
MY BANK REFUSE TO DO BUSINESS WITH THIS COMPANY
Anonymous
I am not currently a customer, having an experience of delivery to the wrong account and slow resolution with MoneyGram .
Jymmy François
Okkkkkkkkkkk
Ray
After 14hours of waiting & 6 phone calls by me, recipient never received currency, was told overseas bank problem. Used another currency operator, money arrived in seconds. Poor Show, now waiting for full refund!
Anonymous
Can't send to Russia
Anonymous
Good service
Anonymous
Not possible to send money to a bank account
Kenneth Thomas
The funds I needed arrived in minutes and saved me. It was an easy and straight forward process. Thanks Remitly
Anonymous
Good option
Anonymous
good and easy
Anonymous
First time user. So far is fast and easy.
Anonymous
Currently unavailable to send money from USA to Russia
"Fiberpay offers tailored currency solutions to high and ultra high net worth clients, including 100+ currencies, a multi-currency account with IBAN, and smart FX risk mitigation offerings."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
Please share your experience with WorldRemit
Would you recommend WorldRemit?
Andrew Judd
My account was deactivated. No reason given. I don’t have multiple accounts. One recipient was a scammer and I deleted them. I’ve helped out many friends with medical expenses. Wisdom tooth extracted 2500 and 1000 for some food. That’s all Motorcycle accident 5000 that’s all Flight home and medicine for grandfather 6000 That’s all. The scammer offered a video. I don’t buy any videos I’m visiting a friend who is a teacher and offered to pay 2600 for a flight and 16000 for luggage, swimsuit and rent on her place while she is off work and holidaying. Now I have to go to a post office and use western union
Terry Twala
Very efficient.
Anonymous
Very misleading, live exchange rate does not match with their app is showing. Fast and seems to be secure, I use them when I'm in need to send fund ASAP.
Anonymous
different price from shown here
Anonymous
exchange rates on comparison website are quite high
Anonymous
Only phone app.
Stanley Davidson
After setting up a valid account with all true and real identity, the system blocked me without any valid reason. Upon calling Customer Service & requesting a reconsideration & a valid reason why I was blocked, Customer Service said that I "violated some TOUs" (Terms Of Use) without stating exactly what I did. My ONLY action was an ATTEMPT to do a normal wire transfer. One can't do anything but to do a wire transfer, & it WAS NOT completed. How do they block my account for something, whatever it was, that I supposedly committed? When I requested the reason for the block they'd said that "it's Company policy to not provide reason(s) why an account is blocked", so exactly how am I supposed to not do something if I re-read their Policy against such action when I can't find why I was blocked? It was asked repeatedly why/what Policy(ices) was/were broken enough to cause the account to be blocked, but they'd completely refused to answer or acknowledge the question, they'd just kept completely silent. That ended the conversation because anything further would remain in total silence, so it was useless to ask anymore questions. I will be 💯% posting this exact statement on www.trustpilot.com for the world to see how undeserving this company is when mistreating a customer for no valid reason. Please enjoy the review!!!
Anonymous
Awesome service
Anonymous
I cannot figure out how to fund my transfer with my bank account instead of a debit card. The Chat service took way to long to answer my questions. Frustrating experience.
Robert Myles
Hi All a good place to send money to ghana
Jake Reynolds
Is this company an app? Or does it run a proper website? Who knows? Customer service is only through their app so I am guessing that if you dont do 100% of your transactions through your phone, forget WorldRemit. I dont use my phone because after all the extra strong passwords, and bio id, and 2 step verify, and whatever comes next they are STILL UNSECURE.
Anonymous
The money I sent got stuck without a return because I couldn't provide a bank statement as proof. The bank account I was having didn't have that privilege. All requirements should be stated beforehand.
Anonymous
app not working. tried to use on my smart phone and woudnt sign up.
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
Please share your experience with Currencies Direct
Would you recommend Currencies Direct?
Anonymous
I wanted to get a quote for sending CAD but web site only allows GBP
Anonymous
Good job 👍🏾
Roshan Firouz
Currencies Direct will be very friendly and efficient in TAKING your money, but when you ask for it to be transferred, they will shamelessly put every possible and impossible obstacle in your way in order to stop you from moving the money.
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
Please share your experience with Key Currency
Would you recommend Key Currency?
Anonymous
Currency found in moneytransfers was not available through Key Currency
Anonymous
Make you pay deposit and then offer a terrible rate and if you want to cancel, then charge a huge amount of money to do so
Shokoko Bakava
It seems like a scam company! They force you to provide the most private information without giving you any details
Anonymous
No support for Norwegian or Swedish kroner Response from Key Currency: We do support Norwegian and Swedish kroner; we have a dedicated Scandinavian team.
All figures reflect average pricing over the past 7 days. Data verified via the MoneyTransfers.com comparison engine and updated daily.
Business options
International business transfer requires different features and considerations.
If you’re sending money from a business account, Wise, WorldFirst and Airwallex are the top money transfer companies to consider for business transfers.
"Wise Business is used by 300,000+ businesses each year. Easy integrations with Xero, QuickBooks, FreeAgent and more are available."
Please share your experience with Wise
Would you recommend Wise?
Roald
Very good!
Anonymous
They won't open my account.
"WorldFirst helps growing businesses control cross-border costs with forward contracts and tailored FX solutions. Manage 40+ currencies and make international payments with specialist support on-hand."
"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."
Please share your experience with Airwallex
Would you recommend Airwallex?
Anonymous
Airwallex's FX service has made my life so much easier. The transfers are super quick, happening in seconds because Airwallex uses its own local payment network, not SWIFT. I also love that I can easily open foreign currency accounts with local bank details. This means my clients from different countries can send local transfers to my account without any hassle. It's a great solution for anyone looking for fast, reliable international money transfers. Highly recommend!
Ejike
Unfortunately Airwallex would collect your information only to realize that they don't have presence in your business region. Sad!
All figures reflect average pricing over the past 7 days. Data verified via the MoneyTransfers.com comparison engine and updated daily.
Who is the best and why
The most suitable money transfer company for you will depend on your specific transfer.
The table below gives you an idea of how different options compare, but in a nutshell:
For smaller transfers from the US, Wise is your top choice. You won’t have access to their multi-currency card yet (it’s coming soon), but you can use Revolut as an alternative, especially for traveling.
For larger transfers from the US, currency brokers with a dedicated account manager are your best options, for example, Regency FX, Currencies Direct, and XE.
Money transfer option | Recommended company | Best for | Transfer method | Check rates |
|---|---|---|---|---|
Sending small amounts | Sending money to friends & family, or recurring transfers | Online or via the app | ||
Sending large amounts | Large purchases abroad, such as property or business transfers | Email or phone via account manager | ||
Travel abroad | Pre-converting currencies and spending abroad | Multi-currency app and debit card | ||
Business transfers | Making business payments in multiple currencies. For example, paying staff or receiving payments. | Online, via the app or account manager | ||
Domestic transfers | Bank wire transfer, Venmo, or Cash App | Sending money between friends or family within the USA. | Online or via the app |
*Recommendations are based on USD/MXN transfer, live fees, and rates from our comparison engine & live API data feeds. Data verified by the MoneyTransfers.com team and updated daily.
Now let’s dive in.
Below, I've outlined the best money transfer operators in 2026, including key information on how they made the top 10 money transfer services list.
All money transfer provider information is based on live comparison data from our comparison engine, which updates daily to give you the latest exchange rates and most accurate results.
However, as with any money transfer, based on your amount and destination to find the best transfer deal.
Wise
We’ve listed Wise as the best international money transfer service because of its low fees, mid-market rates, and simplicity.
Wise fees start from 0.35% and all transfers use the mid-market rate, making it one of the cheapest and most transparent options available.
I’ve had my Wise account for the past 3 years and always have it with me while traveling or sending money to friends abroad. I like keeping local currencies pre-converted for quick access. For example, I usually hold some EUR and USD, and have used Wise seamlessly in Bali, Japan, and across Europe.
Here’s a quick roundup of why we recommend using Wise.
- All transfers are made at the mid-market rate, and fees start from 0.35%
- You get discounted fees on larger transfers
- Supports 130+ countries and 70+ currencies, one of the biggest on the market
- Very competitive multi-currency account with over 50 currencies and local account options
- Has one of the simplest apps for quick transfers and money management
- Regulated in 15 countries
- Fees on very large transfers can add up, though the mid-market rate helps keep costs competitive
- No dedicated account manager to handle your transfer
- Our users have noted ongoing issues with customer support
- Withdrawals are limited to multi-currency accounts and bank account deposits
Is Wise right for you?
Since Wise offers low fees, mid-market rates, and a fast app, it is best used for transfers to friends and family, traveling abroad, getting married abroad, international students, buying goods from overseas, and receiving money.
Show moreHide
Wise live rates and fees
Here’s how Wise compares across major corridors based on live exchange rates and fees from our comparison engine.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
2000 USD to MXN | $17.05 | 0% | Minutes - 24 hours | 34,512.45 |
2000 USD to EUR | $12.77 | 0% | Minutes - 24 hours | 1,739.6 |
1000 USD to PHP | $12.65 | 0% | Minutes - 24 hours | 60,481.01 |
1000 USD to NGN | $12.18 | 0% | Minutes - 24 hours | 1,363,260.75 |
1000 USD to GBP | $10.29 | 0% | Minutes - 24 hours | 747.63 |
All figures update daily and reflect average fees & rates over the past 7 days. Data verified via the MoneyTransfers.com comparison engine and Wise API.
For comparison, a $2,000 to EUR transfer would get you €1,700 with PayPal.
Wise availability
Wise supports over 70 currencies across 150 countries, making it a great option for receiving money into the account, though you would pay an additional 2% fee for unsupported currencies.
Ease of use
Wise is very easy to use across their online platform and the app. I often switch between the app and desktop to add or verify funds, and both work seamlessly.
Other features
One feature that makes Wise the clear winner is its multi-currency account. This is ideal for frequent travelers.
With it, you can hold and convert 50+ currencies and get local bank details (such as IBAN, SWIFT number, or sort code) for the UK, the US, the EU, Australia, New Zealand, Singapore, and more.
Wise also offers a business account with similar low-fee transfers.
Check out our Wise business account review for more.
User reviews
Our users have noted that Wise transfers to and from the US-based banks can take around 4-6 days, and a few reported freezing of accounts being used in South America.
Is Wise safe?
Wise is legit and safe to use for transfers abroad. They are regulated in 15 countries and separate user funds from operating funds, meaning your money is always available when you need it.
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Regency FX
Regency FX is best for large international wire transfers where you need hands-on support.
They are one of the top services to use for property purchase, receiving inheritance, and moving savings for retirement, especially if you are in the US or the UK.
They are less competitive than Wise, as their markup is often around 1.5% (meaning they add 1.5% on top of the "real" exchange rate), but they have no fees, which offsets the overall cost.
While testing Regency FX transfers, I spoke to their sales team and found that they can assist with currency risks and offer insights into international taxes.
- Personal account manager to assist with your transfers
- Ability to lock in rates with forward contracts ahead of large purchases
- Available for US customers (rare for a currency broker)
- Does not have a mobile app, just an online platform (although this is mobile-friendly)
- Serves fewer countries than XE or Wise
Is Regency FX right for you?
Due to their expertise, rate locking features, high limits, and low fees, Regency FX is best used for international property purchase and making large payments.
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Regency FX live rates and fees
This is how Regency FX compares across the major corridors for a $10,000 transfer.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
USD/CAD | $0 | 1.4136 | Minutes - 2 days | 14,136.38 |
USD/EUR | $0 | 1.1394 | Minutes - 2 days | 11,394.2 |
USD/PHP | $0 | |||
USD/ZAR | $0 | 16.4028 | Minutes - 2 days | 164,027.83 |
USD/GBP | $0 | 0.7532 | Minutes - 2 days | 7,532.48 |
All figures update daily and reflect averages over the past week. Data verified via the MoneyTransfers.com comparison engine and editorial team.
Regency FX availability
Regency FX supports transfers from 35 currencies (including USD, EUR, AED, and GBP) and sends to 150+ countries.
Ease of use
Each customer gets their own account manager who handles setup, compliance, rate locking, and provides advice for any specific requirements or concerns.
The web platform is intuitive for making and tracking transactions in real time, though account managers aren’t always available outside office hours.
Other features
Regency FX offers currency risk management tools, including forward contracts, limit orders, and rate alerts.
User reviews
Our users have given Regency FX the thumbs up for superb service and brilliant account management.
Is Regency FX safe?
Yes, they are partnered with Currency Cloud Inc., allowing them to make transfers from the US (authorised by CFSB) and are regulated by the FCA in the UK.
Currencies Direct
Currencies Direct is the best option for large recurring payments abroad, mainly due to their product offering and coverage.
This means they charge no fees, but typically add a 0.2% - 0.7% markup. This makes them perfect for making monthly mortgage payments abroad or receiving a pension.
They have appeared as the cheapest option in 51% of all searches on our site, while Regency FX was second with 32%.
- Best product offering for large and regular transfers
- Lowest fees on transfers to/from Europe
- Expert insights, analysis, and rate alerts are available
- Only allows bank-to-bank transfers
- Limited support for African currencies
- Higher markup compared to Regency FX and TorFX
Is Currencies Direct right for you?
Since they offer multi-currency accounts, FX tools, and have high limits, it is best used for recurring payments, large transfers, and receiving money from the EU.
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Currencies Direct live rates and fees
Here’s a comparison of the fees across major currencies for a $10,000 transfer.
They are a great choice for sending money to Europe in particular. Although USD and AUD are also competitive.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
USD/CAD | $0 | 1.4102 | Minutes - 2 days | 14,136.38 |
USD/EUR | $0 | 1.1369 | Minutes - 2 days | 11,394.2 |
USD/INR | $0 | 94.0182 | Minutes - 2 days | 943,795.82 |
USD/ZAR | $0 | 16.3663 | Minutes - 2 days | 164,027.83 |
USD/GBP | $0 | 0.7516 | Minutes - 2 days | 7,532.48 |
All figures update daily and reflect averages over the past week. Data verified via our comparison engine and editorial team.
Currencies Direct availability
Currencies Direct supports 40 currencies in 120 countries, making it a better offering than Regency FX and TorFX.
Ease of use
You can make transfers online, over the phone, using their app, and using their multi-currency account. As well as getting an account manager.
This is by far the best product offering for a managed service.
Other features
In the EU, you can make the most of their multi-currency card, although you do pay a 2% conversion fee before spending.
You also get rate alerts and expert insights (these come from your account manager).
Is Currencies Direct safe?
Yes, they are regulated in 5 countries, including the US, UK, and South Africa, and follow safeguarding practices, just like Wise.
TorFX
TorFX is particularly good for large transfers from the UK.
You also get an account manager, and their entire service is tailored to the UK customers.
This means they can often negotiate the best rates for GBP transfers, making it another great option for large transfers abroad.
During my conversation with their accounts team, I found that their knowledge and experience of large transfer nuances is extremely good compared to other currency brokers.
- Best GBP exchange rates
- Exceptional experience from their account managers
- Ongoing currency management and forecasts offer expert insights
- Only available in the UK and the EU
- Only 40 destination currencies are supported
- Lack of deposit/withdrawal options
Is TorFX right for you?
Due to their coverage and support, TorFX is best used for large GBP & EUR transfers.
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TorFX live rates and fees
Here’s how TorFX compares across popular corridors.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
GBP/INR | £0 | 124.9221 | Minutes - 2 days | 1,249,221.38 |
GBP/EUR | £0 | 1.1554 | Minutes - 2 days | 11,554.32 |
USD/PLN | £0 | 4.9412 | Minutes - 2 days | 49,411.89 |
GBP/THB | £0 | 43.7794 | Minutes - 2 days | 437,794.32 |
GBP/USD | £0 | 1.3201 | Minutes - 2 days | 13,200.59 |
All figures update daily and reflect averages for £10,000 transfer over the past week. Data verified via our live comparisons.
TorFX availability
TorFX is primarily aimed at the EU and the UK market and only offers 40 currencies, much lower than Wise, Currencies Direct, and Regency FX.
Ease of use
You can make transfers over the phone, online, or via the app.
Over the app transfers are limited to £50,000, so for larger payments you will need to contact your account manager.
Other features
Just like with other currency brokers, you get forward contracts, limit orders, as well as stop-loss orders.
User reviews
Most users find that the customer support is the best feature of TorFX, while some found the exchange rates to be a bit too high.
Is TorFX safe?
Yes, TorFX is regulated by the FCA and follows safeguarding practices.
Xe
We’ve found Xe to be the fastest money transfer company for mid to larger money transfers.
For example, a $10,000 transfer to the UK, Canada, or Australia will arrive on the same day, while with Wise it would take 3 days.
Beyond speed, Xe is the oldest money transfer company (launched in 1993), as well as, Xe is one of the biggest remittance companies in the world.
It offers the biggest coverage (100+ currencies, across 190 countries), and is suitable for any transfer size.
Their fees vary from $1.99 to $2.99, depending on the transfer details, and they add a markup of 0.3% - 2.1%.
From my experience, they make it into the top 3 money transfer organizations, mainly for their product offering, simplicity, and competitive fees.
- Fast transfers for higher amounts, in particular
- Ability to opt for a managed service if needed
- Great app for making transfers and tracking exchange rates
- Access to historical exchange rates data and rate alerts
- No cash pickup in Australia and New Zealand
- No cash deposit option
- Less competitive markup on smaller transfers
Is Xe right for you?
Xe is best used if you need large currency coverage or sending money to harder-to-reach areas. Their features make them good for all transfers over $500, such as making international mortgage payments or other routine payments.
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Xe live rates and fees
This is how Xe Money Transfer compares across popular currencies for a $10,000 transfer.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
USD/CAD | $0 | 1.4107 | Minutes - 2 days | 14,107 |
USD/EUR | $0 | 1.1293 | Minutes - 2 days | 11,293 |
USD/PHP | $0 | 60.6645 | Minutes - 2 days | 606,645 |
USD/NGN | $0 | 1366.7968 | Minutes - 2 days | 13,667,968 |
USD/GBP | $0 | 0.7513 | Minutes - 2 days | 7,513 |
All figures update daily and reflect the weekly average. Data verified via our comparison engine and Xe API.
XE availability
XE supports 100+ currencies across 190 countries. This is by far the biggest offering on the market.
Ease of use
Like most online money transfer organizations, Xe also has an app.
The app is really simple for sending money and comes with great features like currency conversion.
It’s one of the money apps I keep on my phone, along with our app.
Other features
While reviewing Xe, I really liked their currency alerts via phone notifications, historical currency charts, and their business offering. On larger transfers, you also get a dedicated account manager.
Xe is the only service that offers equally good online and managed services.
User reviews
Our users have noted Xe being fast, with competitive rates and one of the better choices for large transfers. There has been negative feedback for holding on to money for too long, over 7 days in some cases.
Key Currency
Key Currency is one of our recommended money transfer services for transfers to/from Europe.
Based on our comparison data, Key Currency appears as the overall best and cheapest option for bigger GBP/EUR, USD/EUR, EUR/GBP, and EUR/USD transfers.
They have no fees like other currency brokers, and add 0.1% - 0.6% markup on the exchange rate. This is slightly better than TorFX, but their overall product is slightly worse.
- Large transfers to and from Europe are hugely competitive
- Access to Spanish-speaking account managers
- One of the best-rated managed services on Trustpilot (4.9 / 5)
- Only 19 currencies in total - smaller than many other managed service providers
- Online, email, and phone-based services could put some people off
Is Key Currency right for you?
Key Currency is best used for large GBP, EUR, and USD transfers. Especially for buying property in Europe or sending large payments.
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Key Currency live rates and fees
This is what Key Currency rates and fees look like for a $10,000 transfer to popular destinations.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
USD/CAD | $0 | 1.4139 | Minutes - 5 days | 14,139.21 |
USD/EUR | $0 | 1.1396 | Minutes - 5 days | 11,396.49 |
GBP/PLN | $0 | 4.9432 | Minutes - 5 days | 49,431.71 |
USD/ZAR | $0 | 16.4061 | Minutes - 5 days | 164,060.72 |
USD/GBP | $0 | 0.7534 | Minutes - 5 days | 7,533.99 |
All figures update daily and reflect averages over the past 7 days. Data verified via the MoneyTransfers.com comparison engine.
Supported currencies
They support 19 currencies (half of what Regency FX offers).
Ease of use
Key Currency does not have an app, but you do get a login portal. However, most of the transfers will be carried out over the phone or the email.
Whilst it’s very hands-on, which is great for important transactions, you might find it a little slow (if speed is your priority, we suggest using XE).
Other features
Like other currency brokers, you get an account manager and forward contracts.
Is Key Currency safe?
Yes, it operates with the Community Federal Savings Bank in the USA, the same partner bank as with Wise and Revolut. It’s also registered in 39 states through FinCEN and regulated by the FCA in the UK.
OFX
OFX is the best money transfer agency to send money to/from Australia and Canada. Their offering is similar to Currencies Direct, with slightly better support.
OFX charges no fees but adds a markup of around 0.4% - 1.5% on all transfers.
For businesses, there’s also the added benefit of being able to make mass payments. Take a look at our OFX business review to learn more.
Our users often cite them as being patient and helpful. This is helpful for complex situations where transaction amounts could be quite high.
- Great rates on AUD/CAD transfers
- Mass payment functionality is one of the best in the market
- Nice blend of online-only and managed service options
- Difficult to make smaller payments
- Slightly worse exchange rates compared to other brokers
- More catered to business, so it might not be great for ongoing personal use
Is OFX right for you?
OFX is best used for CAD and AUD transfers, business transfers, receiving pension abroad, and managing currency risks.
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OFX live rates & fees
This is how OFX’s rates compare across major corridors for a $10,000 transfer.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
USD/CAD | $0 | 1.4104 | Minutes - 2 days | 14,103.78 |
USD/EUR | $0 | 1.1368 | Minutes - 2 days | 11,367.92 |
USD/PHP | $0 | 60.9984 | Minutes - 2 days | 609,984.4 |
USD/ZAR | $0 | 16.3650 | Minutes - 2 days | 163,649.54 |
USD/GBP | $0 | 0.7515 | Minutes - 2 days | 7,515.11 |
All figures update daily and reflect 7-day averages. Data verified via our live comparisons and editorial team.
Currencies Supported
OFX supports 47 currencies across 190 countries, making it the second best after Xe in terms of coverage.
Ease of use
OFX has an online portal and an app. The app is very user-friendly and has many features, like uploading documents. It also houses a currency converter and tracker for any money sent.
Other features
OFX offers a business account, 12-month forward contracts, and limit orders.
Is OFX safe?
Yes, OFX is regulated by the FCA.
Remitly
Remitly is one of the best international wire transfer companies for cash transfer, cash pickup, and cash delivery.
You can think of them as a one of the money delivery companies.
This is especially useful for urgent transfers or transfers to the unbanked areas, to the elderly, and those who can't pick up cash themselves.
They charge no fees but add 0.1% - 1.3% markup.
This is more expensive than other options like Wise, but cheaper than other cash delivery providers like Western Union or MoneyGram.
Generally, cash transfers are almost instant, but they are the most expensive.
- Lots of deposit methods to choose from
- Instant cash pickup and delivery options
- Ability to lock in the exchange rate
- Steep transfer fees on some transfer corridors
- Limited network of only 22 countries
- Generally low transfer limits
Is Remitly right for you?
Remitly is best used for cash transfers and urgent transfers, which are particularly useful when receiving a pension abroad or making transfers to unbanked areas.
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Remitly live rates & fees
This is how Remitly’s fees compare across popular currencies for a $2,000 international bank-to-bank transfer.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
2000 USD to MXN | $ | |||
2000 USD to EUR | $ | |||
1000 USD to PHP | $ | |||
1000 USD to NGN | $ | |||
1000 USD to GBP | $ |
All figures update daily and reflect average fees over the past week. Data verified via our comparison engine and Remitly API.
Remitly availability
Remitly doesn’t support a lot of currencies, but the difference is in its cash pickup support for the Philippines and India (which can be difficult to send cash to).
Ease of use
You can send money online or via the app. I’ve made a few test transfers while reviewing the company, and everything arrived in minutes.
Other features
Remitly is launching a Remitly One platform (in the US). A paid option for a money management app, closer to a bank.
However, a standout feature is “Send Now, Pay Later,” allowing you to send money in urgent situations.
Is Remitly safe?
Yes, Remitly is authorised to make transfers in all the US states. They are also regulated by FINTRAC in Canada and the FCA in the UK.
WorldRemit
WorldRemit offers the biggest coverage for Africa, as well as Asia and the Americas.
WorldRemit charges $1.99 - $2.99 per transfer and adds a 0.8% - 3% markup on average. This is expensive, but transfers to Africa are generally more expensive.
However, WorldRemit is the overall cheapest option for transfers to Africa (they appeared as the cheapest option in 90% of our searches for USD/NGN).
In addition, you can send mobile top-ups and make airtime transfers.
- Presence in over 130 countries and support for 50 currencies
- Transparent fees and exchange rate
- Fast transfers, often complete in minutes
- Supports airtime transfers & mobile top-ups
- Low maximum sending limit ($5,000/transfer)
- Can be costly for large transfers
- Not the most user-friendly
Is WorldRemit right for you?
WorldRemit is best used for airtime transfers and mobile top-ups in Africa. It is great if you often send money home to friends and family.
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WorldRemit exchange rates & fees
Here’s how Wise compares across major corridors based on live exchange rates and fees from our comparison engine.
Corridor | Fee | FX Markup | Transfer speed | Receive amount (after fees) |
|---|---|---|---|---|
2000 USD to MXN | $1.99 | 16.9947 | Minutes - 3 days | 33,955.66 |
2000 USD to COP | $1.99 | 3355.0479 | Minutes - 3 days | 6,703,419.25 |
1000 USD to PHP | $0.99 | 61.3016 | Minutes - 3 days | 61,240.94 |
1000 USD to NGN | $0.99 | 1373.0608 | Minutes - 3 days | 1,371,701.5 |
1000 USD to GBP | $1.99 | 0.7343 | Minutes - 3 days | 732.87 |
All figures update daily and reflect average pricing for $2000 transfer over the past 7 days. Data verified via the MoneyTransfers.com comparison engine and WorldRemit API.
WorldRemit availability
WorldRemit supports 130 countries and 50 currencies. This amount is boosted by their support of airtime payments as well, which opens up a few more options for sending.
Ease of use
Most WorldRemit transfers now go through the app, even when initiated from the web. This is not the most intuitive process. The app, however, is fairly easy to use.
Other features
The main feature of WorldRemit is the airtime transfer support. They are the only money transfer services provider in our top 10 list that offers it.
You can expect most transfers to arrive within minutes - 24 hours, making it a convenient option. However, their limits are low, $5,000 per transaction and $9,000 per day.
User reviews
Our users generally like it, especially for transfers to Africa. However, a few people mentioned the difficulty with signing up and the high fees.
Is WorldRemit safe?
Yes, WorldRemit is regulated by the FCA.
Prefer video reviews?
You can find video reviews of all top money transfer companies on our YouTube channel.
Notable mentions
A few companies that we think are also worth mentioning, are Aspora and Airwallex.
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Aspora
Aspora (previously Vance) is an app-first money transfer company specialising in transfers to India.
Aspora made it to our top 10 money transfer companies list because of their low fees and mid-market rate transfers (same as Wise).
They specialise in transfers to India from the US, the UK, Ireland, Italy, and the UAE.
On all transfer routes we tested (more in our Aspora review), they ended up being cheaper than Wise or other similar options.
- Very fast transfers to India
- Transparent fees and no markup on the exchange rate
- On-ramp and off-ramp transfers
- Lack of withdrawal options (limited to bank accounts)
- Low coverage, currently available in 5 countries
Airwallex
Airwallex is the best platform for international business transfers and FX payments.
They offer a lot of features, like multi-currency accounts, marketplace support, API integrations, and more. All at very competitive exchange rates (~0.5%) and no fees.
For a business provider, this is an especially good offering.
- Offers a multi-currency account
- Multiple local accounts
- Strong customer support
- Marketplace integrations for making and receiving payments
- ATM fees are high
- Accepting card payments is expensive
- Paid account with a limited free tier
Bank Wire Transfers vs International Money Transfers
You might be asking, Why can’t I use my bank account to wire money abroad, Why do I need a specialist to do it for me?
It really comes down to the cost, speed, features, and support.
I’ll explain the benefits of money transfer services a bit later, but here’s a quick comparison of banks vs money transfer companies.
Sending money with your bank
Banks use intermediaries: Your money is going through multiple banks, each taking a small cut.
Banks charge receiving fees: Most banks will charge you to receive money from abroad.
Banks add huge markup: Usually, banks add around 3-5% markup on top of the exchange rate.
Bank coverage is limited: Some banks let you hold international currencies, which reduces the transfer fee (conversion is still expensive), but the selection is very limited in most cases.
Banks are good for domestic transfers: Sending money within the country (the US, for example) is where banks shine, but even then, you have challenger banks that do it better.
Here's a visual example of how traditional bank transfers work to give you a better idea of why it's so expensive.
Using a money transfer company
Money never crosses borders: Money transfer companies use “local accounts” around the world. You deposit money into one account, and the receiver takes it out from another. Your money never crosses the border.
Small or no markup: Most companies make money through applying either a markup, a small fee, or both. But because of lower operating costs and high competition, these are much lower.
Specialised features: Money transfer services are built with the single purpose of sending money transfers. This allows them to minimise the cost, hence charging you less. But also, the entire process is much easier compared to the traditional bank.
Currencies and coverage: money transfer companies give you access to hundreds of countries and currencies, and many come with wallets and pre-paid debit cards where you can hold these.
Large transfers: Currency brokers (a type of money transfer company) exist to find good deals. It’s in their interest to get you the best rate possible so you pick them, along with offering real human support. No traditional bank can match that.
Similarly, this is how money transfer specialist work:
Benefits offered by money transfer companies
Let’s have a look at what you should be looking for in a money transfer company.
Lower fees & better rates
Fees and exchange rates are determined by the amount, your country, the destination country, the deposit method, and the withdrawal method.
Banks typically have high fees (~$50) and add a 3-5% markup on the exchange rate. While top remittance companies charge ~0-2% markup and a few dollars in fees.
To get the most value for money, look for the mid-market rate options (like Wise), and deposit money using a bank transfer.
Cheapest money transfer options
Although we have a guide to the cheapest money transfer, here’s a roundup of the cheapest options from our list based on a few case study examples.
Money transfer company | Amount & corridor | Fee & markup | Total received amount (in USD) |
|---|---|---|---|
$2,000 - USD/MXN | $17.05 + 17.4046 | 34,512.45 | |
$2,000 - USD/MXN | $8 + 17.3301 | 34,521.58 | |
$2,000 - USD/MXN | $ + | ||
$2,000 - USD/MXN | $1.99 + 16.9947 | 33,955.66 | |
$2,000 - USD/MXN | $0 + 17.1628 | 34,325.6 | |
£1,000 - GBP/INR | $3 + 125.3060 | 124,930.08 |
Figures update daily and are based on live exchange rates and fees from our comparison engine and backed by live data directly from the providers.
Fast transfers
Transfer speed is a bit harder to measure, since there are too many variables in place.
But as a rule of thumb, the quicker you need to send money, the more it will cost.
Fastest money transfer services
These are the fastest transfer options you have, however, for the most accurate results, run a quick comparison search.
Money transfer company | Transfer speed |
|---|---|
Most medium-large transfers will arrive the same day. | |
Most transfers will arrive in minutes, larger transfers can take 1-2 days, especially on exotic currencies. | |
Usually arrives in minutes, especially for airtime and mobile top-ups | |
Instant for cash transfers |
Make sure to verify your account when signing up to avoid these delays. We also recommend notifying your bank if you are expensing to send or receive unusually large sums of money.
Ease of use & apps
Nowadays, many banks, especially challenger banks, offer a great user experience in general, however, it is mixed with all other features, making it clunkier to use.
To get the best experience, you need a specialist with a good app, native cross-platform features, a wide range of deposit/withdrawal options, and it should offer a mobile wallet or a multi-currency account for receiving money.
Best money transfer apps
Here’s a roundup of the best money transfer apps from our list that tick all the boxes.
Money transfer company | Platforms | Deposit methods | Withdrawal methods | Multi-currency support |
|---|---|---|---|---|
iOS, Android, Web | Bank account, debit/credit cards, SWIFT, local methods, Apple Pay, Google Pay | Bank deposit, multi-currency account | Yes, with 44 currencies | |
iOS, Android, Web | Bank account, debit cards, cash, local methods, Apple Pay, Google Pay | Bank deposit, debit card deposit, multi-currency account | Yes, with 36 currencies | |
iOS, Android, Web | Bank account, debit/credit cards, Apple Pay, Google Pay | Bank deposit, cash pickup, mobile money, home delivery, debit card deposit | No | |
iOS, Android | Bank account, debit cards, local methods, Apple Pay, Google Pay | Bank deposit, cash pickup, mobile money, airtime top-up, debit card deposit | No |
All these companies offer great apps that are simple to use. But as you can see:
Wise offers the best multi-currency account
Revolut has the best mix of features
Remitly offers the best mix of deposit/withdrawal methods
Peace of mind & 24/7 support
Money transfer companies have the usual support options, including help articles, email, and over the phone. Which is similar to the banks, maybe slightly better.
However, nothing beats currency brokers with their dedicated account managers and 24/7 support.
If you’re making a large transfer, this is exactly what you should be looking for to get invaluable advice, negotiated rates, and full reassurance.
Best money transfer companies for large transfers
Similar to the above, these are the best money transfer specialists for making large international transfers.
Money transfer company | Amount & corridor | Fee & markup | Total received amount (in USD) |
|---|---|---|---|
$10,000 - USD/EUR | $0 + 1.1394 | 11,394.2 | |
$10,000 - USD/EUR | $0 + 1.1293 | 11,293 | |
$10,000 - USD/EUR | $0 + 1.1369 | 11,369 | |
$10,000 - USD/EUR | $0 + 1.1396 | 11,396.49 | |
AU$10,000 - AUD/NZD | $0 + 1.2171 | 12,171.21 | |
£10,000 - GBP/EUR | $0 + 1.1554 | 11,554.32 |
Figures update daily and are based on live exchange rates and fees from our comparison engine and backed by live data directly from the providers.
Sending money for a specific reason?
The reason you send money will affect the type of money transfer agency you will need.
We've put together a few guides on key reasons to send money abroad, and all considerations you need to make.
Moving Abroad & International Money Transfers
Buying International Real Estate
Buying or selling a home is known for being one of the most stressful life events.
Paying for education abroad
Investing in education is both smart and expensive. Especially if you're taking the chance to study abroad and experience a new culture.
Pensions & Retiring Abroad
Travelling, or moving abroad more permenantly, is on the checklist for many in retirement.
How to Pay for a Wedding Abroad
Getting married abroad is only getting more popular.
Our methodology & why trust us
We’ve compared and analyzed over 200 companies to create this list of the top 10 money transfer companies to make sure you get the best deal.
Firstly, every provider on the list is regulated, legit, and safe to send money abroad.
Financial regulators ensure that money transfer companies, banks, or any other financial institution are behaving correctly.
They “vouch” for money transfer companies to follow the regulations (the rules) to ensure everyone’s safety.
When testing transfer specialists, we’ve rated each company on a scale of 1-10 based on the following:
Fees & rates
Transfer speed
Safety & trust
Product offering
Transfer limits
Ease of use
Customer feedback
So the maximum score a company can get is 70, while the minimum is 7. We then apply our scoring formula to get a total score out of 10.
On top of it, each company goes through an unbiased editorial criteria, where we look for a comprehensive list of flaws and benefits.
To ensure this page remains up to date, we use our first-party data from our comparison engine and merge it with the live data from the providers.
This page updates daily with the latest rates and fees.
Learn more about how we test and review money transfer providers.
If you want to see the full money transfer companies list, check out our company reviews page.
Help & FAQ
Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.
Best Money Transfer Apps in India
Below, I’ll go over these in a bit more detail.
Transfer Money From Overseas to Australia: Tax Implications
In general, if you receive any income from abroad while in Australia and fall within the AU tax brackets, you will need to pay tax.
Sending Money Abroad
Ideal for sending money internationally, money transfer services have made huge strides in the past couple of decades to make sending your money abroad cheaper, faster, and easier than ever.
Send money with a debit card
Opting to send money online with a debit card is usually good for:
International Payment Gateways
Contributors
Artiom Pucinskij
Luke Eales
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