Send Money Abroad

Welcome to our thorough analysis on the best way to send money abroad. All the services recommended on this page have been carefully reviewed by our expert staff. All overseas money transfers service offered by these companies are fee-free, with local banking facilities in the relevant region, and most importantly – safe, secured, and regulated.

Sending Money Overseas, Location-Based Recommendations: 

Nationality / Location
Top Rated Company Local Offices? Top Features Read Review Free Quote


Send from UK




Our Rating: 97.8%

Min. Transfer: £1,000



Best Rate Guarantee (UK Specific) World First Review


Send from EU: Germany, Italy, Spain, France



Our Rating: 93.2%

Min. Transfer: €250


France, Spain, Ireland

4 Local Offices in Europe Moneycorp Review


Send from USA or Canada

USA/ Canada




Our Rating: 97.8%

Min. Transfer: $1,000


Austin, Texas

Local Offices and FinCEN Approval World First Review


Send From Australia




Our Rating: 93.4%

Min. Transfer: AU$1,000



Local Banking Facility, No Fees TorFX Review

Send from United Arab Emirates



Our Rating: 95.2%

Min. Transfer: AED 100



 Local Offices and Expertise Currencies Direct 

Send from Japan




Our Rating: 97.8%

Min. Transfer: ¥ 1m



 Local Offices, Japanese Website World First Review  

Sending money from Singapore




Our Rating: 97.8%

Min. Transfer: SGD 1,000



 Local Offices and Banking World First Review  

Send from Sweden, Norway, Denmark or Finland



Our Rating: 95.2%

Min. Transfer: SEK / NOK 1,500


 Scandi. Support, Translated Website Currencies Direct

Send from South Africa

South Africa


Our Rating: 95.2%

Min. Transfer: ZAR 5,000


Cape Town

Local Offices, Locally Regulated


Currencies Direct 


Send from Switzerland



Our Rating: 93.4%

Min. Transfer: CHF 1000

Reliable and appeals to Swiss Clients Moneycorp Review

Send from India


Our Rating: 95.2%

Min. Transfer: INR 50,000



Local Offices, Low Minimum Currencies Direct

Send from New Zealand

New Zealand



Our Rating: 88.8%

Min. Transfer: NZ $1,000



Local Offices and Debit Processing NZForex (OFX) Review

Local Offices / Local Settlements

The most prominent factor on our sending money abroad comparison for private clients page is the localisation of each firm. Most companies can handle clients globally, but few companies have local offices outside of the UK (90% are headquartered there).When a certain company has local offices in any region, it is a strong signal that the sign-up process for clients from that region would be easy and comfortable, and that the support would be provided from a local employee from that office.

In addition, if a client would like to meet up in person with his trader, but the company he is dealing with do no have local offices near him, he would not be able to do so unless he travels abroad to do so. Over the past few years, companies have opened local offices in expat hubs such as UAE, Singapore, South Africa and Canada – so wherever you currently reside, you are bound to find a solution.

Most importantly, local offices translate into local payment settlements i.e. bank accounts set up in the same country that you can move your money domestically to. If you are an Australian expat living in the UK, this is how the process will look like with a company that has local settlements in both UK and Australia, eliminating on intermediary fees and recipient bank fees and allow you to know precisely how much money should be received by the recipient: 


The same would apply for many other currency corridors. If you move money from Germany to USA, choose a company which is recommended in the EU, and also has American office. If you need to swap funds between UAE and South Africa, UK to Singapore, Sweden to USA, or New Zealand to Australia – just search for companies that has offices in both locales.

Top 10 Most Common Use Cases

Based on data collected on our website, here are the most common corridors that people use our site for. We hope you can find use in that in order to discover the best way to transfer money abroad for your own specific needs.

Sending Money From Where To Percentage of Readers* Recommended Company
 UK France, Spain, Germany, Netherlands  35% World First
 France, Spain, Germany, Netherlands UK 10% Moneycorp
UK Australia 7.5% World First
Australia UK 7.5% TorFX
Canada UK 5% World First
Canada USA 2.5% World First
USA UK 2.5% World First
UAE UK 2.5% Currencies Direct
UK UAE 2.5% Currencies Direct
USA Canada 2.5% World First
 Australia USA 1% TorFX
USA France, Spain, Germany, Netherlands 1% World First
 Australia Canada 1% TorFX
Singapore UK 1% World First
UK Singapore 1% World First
Sweden, Norway UK Less than 1% Currencies Direct
UK Sweden, Norway Less than 1% Currencies Direct
Australia New Zealand Less than 1% OFX
New Zealand Australia Less than 1% OFX
UK Romania, Bulgaria, Estonia Less than 1% Transferwise
USA Mexico Less than 1% Transferwise

* Approximate figures

** There are a lot more countries/ currencies which compose the remaining 15%

For Additional Information on the topic, including examples, view our FX Companies VS Banks comparison.

Best Use Cases to Use a Currency Specialist:


Property Abroad & Mortgage

Personal Payments


Why these particular companies?

There are hundreds of companies that allow you to send money abroad. We reviewed the largest ones here on MoneyTransferComparison, and analysed the advantages and disadvantages of each. Our top companies have demonstrated consistent cheap rates, high quality support, true global reach, and user-friendliness all across their platform.

Every choice we have made, whether its for international transfers to Canada, Japan, Spain or New Zealand is backed up by a thorough research.

Experiencing trouble with any international money sending services listed on our website? Let us research into it. View our FX Case Investigation service we have recently started.


How Much Can you Save – A Comparison

With Banks – Send money to Spain, France, Ireland, Germany, USA, Australia, Canada etc. With Commercial FX- Send money to Spain, France, Germany, Ireland, USA, Australia, Canada etc.
Fixed Fees: £15-30 from UK; €15-30 from Europe; $25-50 from USA

Fixed Fees: Companies we recommend on this page incur no fixed fees.


Commission: In the UK banks are usually commission-free, while globally banks still like to charge anywhere between 0.1%-2% as commission.


 Commission: There are absolutely no commissions sending funds overseas with any of the companies we recommend.
Spreads: The difference between official currency rate and the Buy / Sell price. Represent an amount that could be anywhere between 1.5% on highly traded currencies pairs, to 5% in extreme cases. Spreads: These companies markups in comparison to the real exchange rate is far more moderate than with banks. These companies specialise at wholesale of currency, with fewer overheads than banks, and thus able to offer tighter spreads.

Grand total: If you use banks to send money abroad, you will pay up to an astonishing 7% on a small transfer, inclusive of all fees, and anywhere between 1.5%-4% on larger transfers with banks.


 Grand total: If you use a (great) commercial firm for sending money overseas, you will pay up to 1.5% on average on a small transfer. How much you will pay for larger transfer depends on the volume you are sending, and your negotiation skills. In theory, if you are sending millions regularly, it could be as low as 0.1%.
In addition to the above, you can avoid all sorts of “surprise” fees which some banks incur. The most common one is recipient fees for accepting an international wire transfer. You can avoid them easily through using companies which have local settlements in both sending and recipient countries.
Here’s how it works in practice:

John has accumulated some savings in the past few years, and like many other Britons, he decides to invest in property abroad. It will enable him to diversify his investment profile, generate some passive income, and even have a holiday home for his vacations. In addition to that, the low interest rates will enable him to fund his mortgage almost completely via rent.

The only obstacle standing between John and fulfillment of his dream investment, is transferring money overseas, without paying thousands in fees in the process.


Banks – Are They The Best Way To Move Funds Abroad?

Bad news on phone

He can’t get a straight answer on the markups he is expected to pay, especially when “market is fluctuating”. He get no guidance or support on the subject, besides being told to re-approach for a quote when the money to be moved.

There are no specific guidelines or tips which is based on John’s individual needs. For the bank, it doesn’t matter whether John needs to move money in Europe to his sister in France, buy an asset in Australia, or move his pension back from Ireland to a bank account Singapore. It’s a “one-fits-all” service by a non-trader banker.


Commercial Money Transfer Abroad


Photo from Currencies Direct office in London

Commercial money transfer firms: When approaching one of the our top-choice companies like Currencies Direct, World First, or Moneycorp  with the intent of sending money abroad in the future, John will be offered with Forward Contracts: a way to secure the current  exchange rate for a period of up to 24 months from the day of the contract.

That means, if John has set aside an amount of  exactly 105,000 Pounds and signed such a contract with either of the companies, he can focus on finding an asset within a clear budget (in Euros), without spending anything that wasn’t intended for this cause. Not only the quote will be remarkably cheaper, it will also prevent the sorrow of currency fluctuations.

Some companies, like Currency Solutions or Global Reach Partners, will allow John to make the currency exchange and transfer on an immediate basis, and save the money exchanged in the companies’ Euro account, until it has an address (for any period of time).


Not Only Money Moving….

Customer Service Representative With Headset In Call CenterJohn will be in contact with a dedicated dealer who has helped hundreds or thousands of clients invest, or move, abroad. Another set of eyes will never hurt. The dedicated dealer can give guidance on all aspects relating to the transaction, and put John in touch with solicitors, real estate agents and tax consultants (only the very best).

Expanding internationally: Whether john would to use these services in the future, he can always call his dealer and make an international payment to almost anywhere in the world. World First supports 150 currencies! John can move his rent money from France to his bank account in South Africa, to pay for a mortgage and invest in another property in New Zealand without ever going to the bank. Sarah can send money to her sister in Ireland, every 2 week, using the regular transfers mechanism.


How did you make the geographic selection?

Well, the majority of large companies we work with will take on any client as long as he passes the compliance checks, and doesn’t reside in countries that are banned for trading. Some locations, mostly in Asia, Africa and the Middle East will require a bit more documents than UK, Australia, Canada, EU, Scandinavia or Mainland Europe.

usa flagThe exception of that is the USA. Moving money overseas from the country requires the payment facility to be regulated on a state-by-state level. Many of the companies don’t handle USA-based clients at all. The companies we have selected for sending money from the USA and Canada are the ones that handle most states. 

Still, there are some variations in our company selection between different areas. Things we have put into consideration include the following:

  • Whether company is dealing with local currency
  • Whether the company has local offices in the country or nearby
  • Whether the site is translated to the local language
  • Whether we have received a clear verification from the company they have a client base in that country
  • Whether there are promotions/offers specific to a locale

For instance, our recommended company to move money from the UK is World First, which is headquartered in London, and able to move money abroad to 120 different regions including sending money to Australia, Europe, USA, Canada, New Zealand, Hong Kong, Japan, Thailand and many more locations. The majority of its clients are UK-based or Brits abroad, and it also offers a price rate guarantee for this audience.

 How does it work really?

Sending money to a bank through an international wire is something a licensed payment facility can do. In the UK, the regulatory authority is the HM Revenue & Customs, and the Financial Conduct Authority. We, of course, only recommended companies that are registered with the FCA. Many of which are also registered with other powerful regulators like the Australian ASIC, or the Central Bank of Ireland.

The way the process works is as following:

1. Choose a company. Get to its website by clicking on the “Get Free Quote” button. You can choose several companies if you have a large transfer, and compare the costs. You will get quoted once you provide preliminary details about your identity, and before you have completely registered with the company.

2. Register. You will have to supply documentation (quite similar to the one you provide when you open a new bank account). This is imposed by the Anti Money Laundering Act.

3. Execute. Execute the transfer via an online platform (recommended for smaller transfers of up to  £5,000), or via telephone (recommended for larger transfers).

4. Transfer funds domestically. You will now have to send the money in your local currency to a secured, segregated clients-only account, owned by the company you have chosen to work with.

5. Money exchanged and sent abroad. Most transfers will happen in up to 48 hours, and money will be executed on the same day. The amount of money received will reflect the exact quote you were provided with, unless the recipient bank decides to charge incoming funds (won’t happen in UK, EU, Australia or the USA, but can happen if you send money overseas to Asia).

It also works the other way around with repatriation of funds, of course.

Learn More About Our Choices on our comprehensive FAQ – Overseas Investment Guide


Regular TransfersView our selection of top companies offer Regular transfers.

Repatriation of Funds: Learn about how to receive money to your business from abroad.

Peer to Peer Money TransfersComparison between the leading P2P currency firms – Transferwise and Currencyfair.

FX Hedging Tools: Learn how to reduce FX-related risk through hedging activities.

Property & Relocation

The 2015 Real Estate Market: Can you learn about future trends based on the property market in 2015? A thorough analysis.

Overseas Property Investment Tips: How to make sure your are making the right investment.

Relocating Abroad Tips: The most important things to do before you relocate abroad.

Financially Preparing to Overseas RelocationHow to plan your expatriation from the financial/budgeting perspective.

The Psychological Risk of Moving AbroadHow to face the imminent fears when moving abroad.

Studying Abroad: Learn the best countries and universities to study  in abroad.

Currency Learning

Our FAQLearn the basics of the currency services domain.

How International Wires WorkLearn how banks wire money domestically and internationally.

The Effect Of Economy on Currencies: Learn why do currencies move, and how to predict future movements.

Interbank Current Exchange Rates: View the most current currency rates and learn the difference between the “official” rate and the Buy/Sell rate.

Best Currency Forecast Blogs: Keep up to date with the recent economical changes and their impact on currency exchange rate by reading our list of recommended currency blogs.











Using our website to send  money abroad is the largest review and comparison site in this industry. In fact, we have more than 35 companies listed on our website, and over 50 apps on app page (including our own).

Our goal is to apply to the widest audiences we can. That’s why we have a special category for expatriates and immigrants, business FX, merchants and even an eWallet comparison and travel money comparison. That’s why we have listed so many different countries on this page – because our traffic is diverse and international.

Companies appearing on this page specialise at sending money abroad for purposes like property purchases, mortgage payments, luxury item buying from abroad, paying tuition fees, etc. (These are the same companies we recommend for receiving money from abroad, of course).

Be sure to check as many reviews as possible to find the companies best tailored for your needs. Do not be hesitant of contacting multiple companies to compare between their quotes.


  1. llolyboy82

    tried moneycorp and torfx… money corp wanted a 4 pound fee… went torfx all the way and money was shippppped in 2 3 days (to canada)

    Posted on November 12, 2014
  2. Farid Zu-Naril

    hi it’s me farid we speak early on finance UK forum – you said your website gives international transfer solution – it is very good. many thanks and kind regards for your help. just to tell the story last time i changed with western union from sterling to indian rupee. 1000 sterling should be 10000 rupee all most! send money to my family in arrah (bihar) . money take 6 days to arrive, and less than 9000 rupee! i see western union everywhere in all roundabouts so i use this. now not anymore. will try this. speak to you in forum

    Posted on December 14, 2014
  3. chandra

    Hey Guys, for everyone who wants to send money abroad I use TransferWise. It’s the most convenient and cheaper way that I found. It’s the only company that gives you the same xe rate with 0,5% fee( no hidden charges likes banks do) . I was using bank to bank before always less, not the rates they display. Transferwise is started by the founders of skype and paypal. It uses peer-to-peer system, innovative way of transferring money.

    Posted on March 25, 2015
  4. Anders Montoya

    Thanks for this page. Indeed it is very important to compare not only transaction fees for international transfer, but also the exchange rates. When the amount of the transfer is large, even small difference can be significant. Trasferwise and Paysera services are the most cost effective I have came across. Paysera is more suitable for large transfers, as it has a flat rate for a transaction and you do not pay % of the transferred amount, as you do with Transferwise. I am using these services for transfers to Europe and they usually have good exchange rate.

    Posted on March 31, 2015
  5. compare

    llolyboy, we understand your position in regards to TorFX taking no fees, while MoneyCorp does. We feel these ~$5 fees make no difference to most visitors of this website. On average, people looking for FX services are likely to transfer their salary on a regular basis, or large sums of money for a one-time-off. The average saving people should get by choosing an FX company in comparison to bank would be $400-$500 on a $10,000 transfer (sometimes even more). Like we said, these $5 make no difference.

    It should be also stated that for US visitors World First charges a fee (While it doesn’t for UK visitors). That applies only to smaller transfers again, so a larger transfer would be fee free.

    Currencies Direct are taking no fees on all transfers, so you should be happy with them as well.

    Thank you for your comment!

    Posted on May 1, 2015
  6. DK

    It’s quite difficult to find a company that is willing to take on personal clients from Israel. Any recommendation?

    Posted on January 24, 2016
    • Mohammad Iqbal Hossain

      I love this.Thanks for all.

      Posted on February 7, 2016
      • compare

        Thank you for your kind reply, sir! We are very hopeful it has assisted you with your needs.

        Posted on February 8, 2016
  7. Poonpipat Puriwongwanich

    It would be good if you could have recommendation by location for Thailand.

    Posted on June 14, 2016
    • compare

      Thank you for your comment. The thing is that most FX companies are hardly able to handle clients of a Thai nationality. They would easily handle expats who reside in Thailand.

      Posted on June 14, 2016
  8. jade baello

    Excellent piece , I Appreciate the details . Does anyone know if I could find a sample MoneyGram Request for Historical Transaction History form to complete ?

    Posted on October 27, 2016
    • compare

      Thank you Jade for the nice input. Could you elaborate more on the form you need? Do you need a receipt basically for an historic transfer?

      Posted on October 31, 2016
  9. Valerie

    Hi, for a transfer of a large sum like 15000$ CAN to Euros what would be your recommandations ?

    Posted on November 19, 2016
    • compare

      Hi Valerie. As stated on this page, we most definitely recommend World First for our North American clients. We have referred a great deal of Canadian readers over to them and they were extremely satisfied. FYI CAD 15,000 isn’t considered a large transfer in this industry. This is more of medium-range. A lot of our readers use these services to move 50,000+ abroad. Please share your experience with us once you have signed up! Thanks.

      Posted on November 19, 2016
  10. X


    Frome time to time I need to make relatively small transfers (100-300 euros) from the account in Belgium to the account in Israel. Would appreciate a recommendation of a reliable and fast working company.
    Thank you in advance!

    Posted on December 2, 2016
    • Compare - MTC Admin

      Hi X, thank you for your inquiry. We can suggest Currencies Direct which –
      a. Accept EU-based clients
      b. Deal with the Israeli Shekel
      c. Charge no fixed fees per transfer
      d. Deal with transfers of 100 Euro or more (on the online platform).

      Good luck. If this has been helpful, please visit us again and let us know how your experience has been please.

      Posted on December 4, 2016
  11. John Balikuddembe

    I am from Uganda.
    I opened for Payza and Payeer methods of payment but later failed to be verified.

    Is it because those 2 methods are not in Uganda?
    How Can I apply for a Master Card then?

    Posted on December 11, 2016
    • Compare - MTC Admin

      Hi John, thank you for your feedback. How did you fail to verify exactly? Payoneer has the widest reach I know of. If they failed, nothing else should work, I’m afraid.

      Posted on December 13, 2016
  12. JelliBaBe

    Dear MTC,

    It’s just come to my attention that it’s quite difficult to transfer funds from Qatar.
    Do you have a review of the service providers for Qatar?

    It seems there are limited providers that are licensed.

    Looking forward to your response.

    Posted on January 9, 2017
    • Compare - MTC Admin

      Hi JelliBaBe and thank you for your inquiry.
      I don’t think you will experience problems sending money from Qatar to most destinations with the companies presented on this page.
      For instance you can try Currencies Direct which I am sure will be able to assist.
      Thank you!

      Posted on January 10, 2017
  13. Milburn

    I shortly have to send ca. £95000.00 to Spain for property purchase. This is a one off transfer. Who do you recommend?

    Posted on January 31, 2017
    • Compare - MTC Admin

      Hi Milburn, great timing to buy property in Spain. Our top recommended company is World First (click here to visit). They offer a Best Rate Guarantee for UK outbound transfers, among many other qualities (read more about the company here). Good luck!

      Posted on January 31, 2017

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