Online Money Transfer Abroad
A MoneyTransferComparison.com Guide
If you need to conduct an online money transfer to a bank account abroad, you will find this page useful. We have rated the top company choices specifically for international online money transfers.
Our requirements are as follows:
- Vast, user-friendly, online platforms with all functionality embedded.
- International companies which operate on a global scale.
- Great rates even if on a low amount.
- Low minimum transfer amounts.
- No flat “wire fees”.
- Rate is clearly stated on the online platform.
- Fund your transfer either by a bank transfer or a debit/credit card.
Best Online Money Transfer Services 2017
Is DYI Online Money Transfer for you?
Using an online provider to conduct a money transfer abroad requires a bit of self-confidence. That’s all. If you are certain you can navigate through an online system, and input the correct details when requires, there is no reason why would the transfer go wrong. In fact, Transferwise has been hailed and praised all over the internet for their excellent services and they are an “online-only platform”.
Below are the pros and cons of online money transfers in comparison to telephone or email transfer with a dedicated currency dealer (some of the online money transfer services featured on this page like Currencies Direct or OFX do offer that, in addition to an online platform).
How does it work?
View the tutorial video by Transferwise below. One of the reasons we have selected it as our top service for international wire transfers is the simplicity and ease of use. It will take literally 3 minutes of your time to conduct the transfer (and even less to register).
Funding your transfer: debit or a bank transfer?
One of the most common questions we face in this industry for online money transfers is what is the best way to fund your account? With the companies we have presented (and hundreds more online), you can choose one of two options. Here is a side by side comparison.
|Debit Card||Bank Transfer|
|Instant||In some countries like the UK it would be instant, others would take more time|
|Very easy||Usually easy to do online from your bank’s website but could be difficult|
|Expensive – companies will incur 1%-2% additional on your transfer||Cheap, usually it costs you nothing to pay for a domestic wire (there are some exceptions like US)|
|Apt for small transfers where a small additional markup doesn’t matter||Apt for the vast majority of transfers and normally more recommended|
Online Money Transfer Via Mobile
The newest trend in the world of online money transfer services is mobile apps. Everyone use their mobiles all the time to perform every day to day activity, right? So why not turn this common device into a means in which you can send and receive funds from.
We have a comprehensive money transfer app directory in which you can read about all your options for a mobile money transfer online to an overseas bank account (we also cover some domestic payment apps like Circle but this is not out main focus). We also maintain a list of the best expat mobile apps.