We’re MoneyTransferComparison, and we review, rate, and compare international money transfer companies. We’re proud to say that we have helped hundreds of property buyers, expats, and small businesses transfer money internationally with no hassle, no fees and great rates. Your international money transfer comparison starts here!
Best International Money Transfer Companies
Updated for: May 2018
- Min Transfer: £/€/$ 1,000Or equivalent in any other currency
- Currencies Supported: 121
- Offices : UK, EU, USA, Australia, Hong Kong and Singapore.
- Our Rating : 97.8%.
- Min Transfer: £/€/$ 100
- Currencies Supported: 39
- Offices : UK, EU, USA, India, UAE and South Africa.
- Our Rating : 95.2%.
- No Fees, Most Worldwide Offices, Best Platform
- Min Transfer: £/€/$ 500
- Currencies Supported: 40
- Offices : UK, Australia.
- Our Rating : 93.4%.
- Personalised, Friendly, and Professional Service
More Recommended Services:
| Company | Our Rating | Recommended for: | Description | Visit |
|---|---|---|---|---|
| Moneycorp | 92.8% | Medium to Large Transfers | One of the oldest and most respectable currency companies in the UK. Known for providing outstandingly professional service. Holds an offshore banking license alongside its FCA authorisation.
| Click Here |
| FC Exchange | 90.6% | Medium to Large Transfers | High average transaction £ by clients (private clients only). Best exchange rate guarantee. Free rate alerts and charts for registered clients. Owned by Global Reach Partners. | Click Here |
| OFX | 90.4% | Corporate Payments, Large Payments, Remittances | Headquartered in Australia and publicly traded on the ASX. Largest annual trading volume of 20bn. Recently rebranded and redesigned. Great online system and professional service. | Click Here |
| Halo Financial | 87.0% | Large Transfers, Corporate Payments | No fixed fees. Rated 99% by clients. Great online platform. Professional service. | Click Here |
| Transferwise | 86.8% | Remittances and low-value Transfers | Fixed, low, rates. Easy sign up process. Good reach. High credibility. No dedicated dealers, regular payments, or derivatives. | Click Here |
MoneyTransferComparison.com Was Featured On:
Is MoneyTransferComparison Any Good?
Testimonial by a Fast Track 100 Listed Company:
Intamarque is one of the UK’s fastest growing distributors’ of FMCG lines with sales growing from zero to £35m in just 10 years. We were awarded the Fast Track 100 award which identifies Britain’s private companies with the fastest-growing sales. We’ve been successful because we offer retailers, wholesalers and pharmacies a unique combination of extremely competitive pricing, outstanding flexibility and a high level of personal service and attention.
We are located in the UK centrally on the M5 corridor between Birmingham and Bristol.
We recently had the pleasure of using the service of MoneyTransferComparison.com who helped us secure a successful outcome of an order which was challenged due to the economic climate at the time.
The professionalism and attention to detail from MoneyTransferComparison.com was amazing and Intamarque would thoroughly recommend them to anyone needing to use this service.
Kind Regards
Richard Shortt, Managing Director, Intamarque Limited
Our Currency Transfer Review Focuses
30 currency transfer companies reviewed… and counting!
Our aim is to provide our readers with the absolute best money transfer providers, and we strictly follow these guidelines in order to fulfil that critical task.
- Service: Availability, Promptness, and Client Satisfaction.
- Reputation: Long Track Record, No Negative Reviews, and the Winning of Industry Awards.
- Price: Currency Exchange Rates, and Fixed Transfer Fees.
- Features: Online Money Transfer Platform, Forward Contracts, Corporate FX Hedging, and Regular Payment Options.
- Reach: Amount of Currencies Available, Multiple International Offices, Local Banking Accounts.
- Additional Information can be found in our FAQ.
Disclosure: We receive compensation from the companies with whom we work, like other respectable websites in our industry (Money Supermarket and Money Saving Expert to name two, but this is also true for every site in the industry). That means that for each client referred to them, we get some sort of a reward fee.
Does That Cloud Our Judgement? That’s for you to judge. We encourage you to read through the 2,000-word reviews on more than 30 money transfer companies on this website, and then establish your own opinion about our degree of knowledge and integrity.
It is important to note that we work with 10 different partners that we have carefully selected. We have had several other partnerships that we stopped because we thought the service was inept, and we are happy to help clients mediate disputes with FX companies.
Our Aim: Helping You Find the Cheapest Money Transfer Service
This is how commercial currency companies such as the ones reviewed on our website will help you save money in comparison with banks. Don’t take our word for it – though. Ask for a foreign currency transfer quote from your bank, and check that indeed, the saving is immense.
High street banks charge high fees for international wire transfers, and sometimes, they would even charge commissions on top of that. The providers that we recommend charge neither fees nor commissions. Bank fees on international transfers can reach up to £25 in the UK, €30 in Europe, and $50 in the USA, Canada or Australia.
Want to check the markups you paid on a past transfer or analyse an existing quote? View our International Money Transfer Fee Calculator.
As a rule of thumb, the money exchange itself should be a lot cheaper with our top rated companies over banks. The larger the transfer, the higher the savings, as you’ll get cheaper quotes. To ensure maximal saving, compare quotes from a few featured companies and negotiate the pricing.
Each client is assigned to a unique foreign exchange specialist in order to create a bespoke plan that will optimise savings, leveraging an array of technological tools embedded inside their online platform. The international money routes are planned in order to avoid unnecessary bank fees (such as recipient bank fees).
Clients don’t have to make uneducated choices about the right timing of exchanging currencies. Instead, a dedicated FX staff member will guide each client and aid him in making his international bank transfer when the timing is right, allowing clients to get the most bang for their buck (or Sterling).
Last Week’s Highlights:
- USD continued to strengthen with support from higher yields and a lack of confidence in the Euro-zone outlook.
- EUR continued to lose ground with the formation of a populist government increasing concerns over fiscal policy and potential contagion.
- GBP attempted to stabilise after sharp losses, although gains were limited as underlying sentiment remained weak.
- CHF gained support with defensive demand triggered by fears over the Italian political situation, but optimism surrounding US-China trade talks curbed yen support.
Next Week’s Predictions and Events:
- USD is likely to make further net gains, although the pace of advance is likely to slow unless US yields surge higher.
- EUR will remain vulnerable on Italian concerns with volatility liable to increase amid sharp corrective gains at times.
- GBP should be resilient given the extent of recent losses, although with little in the way of buying support.
- JPY is liable to lose ground if US-China trade fears subside while CHF will only weaken sharply if Italian fears decline.
More: View The Full Analysis and Prediction for this Week
Currency Exchange Comparison: Foreign Exchange Companies Vs. Commercial Banks
Here is a simplified table demonstrating the differences between a top-notch commercial firm and a bank. To view a full fx companies vs banks comparison piece follow the link.
| International Payment Company | High-Street Bank | |
| Service | Dedicated, certified, fx dealer. | A banker with no particular knowledge in fx. |
| Fees | Usually, no outbound or inbound wire fees. | Up to £25 / €30/ $50 per transfer. |
| Security of Funds | Client accounts are segregated for any company approved by the FCA as an authorised payment provider. | Protected by the PRA up to GBP 75,000. Other protective measurements are in place outside the UK. |
| Rates | Wholesale. Anywhere between 0.3% and 2.5% spread depending on volumes and currencies. | Sub-par. Up to 5% margins on exotic currencies, and up to 3% on standard pairings. |
| Speed | Most destinations within 24h. | By default, transfers can take up to 3 days. You need to pay a premium to get a quicker delivery. |
| FX Options | Readily available for all clients. | Only for high net worth individuals or large corporate clients. |
| Nationalities Accepted | Clients from UK, Australia, Canada, New Zealand, or the EU are always accepted. Larger companies will accept USA clients, South African clients, UAE clients, and others. All clients have access to all foreign currencies. | Each domestic bank accepts clients from its destination locale. Few banks like HSBC will allow clients to interlink international accounts. |
We have teamed up with some of the top 10 largest money transfer firms, based on our rating, to provide some unique offerings to our readers. View the slider below and discover some of our hottest deals. Please contact us if any of the firms fail to stand up to their word. We will do whatever we can to help out and get you the result you want.
Best Money Transfer Deals 2018
Moneycorp, a world leader in international payments, one of the top 10 money transfer companies list in the world, offers free online and telephone transfers (fixed fees will be waived), only if you sign through us!
Duration: Until December 10th, 2018
Global Reach Partners, one of the top 10 currency companies in the UK, offers online and telephone transfers with no fixed fees, exclusively via this link!
Duration: Until Dec 31st, 2018
Currency Index offers a fee-free international currency transfer, in addition to a free receipt, exclusively for our readers. This freebie is valued at £12-£17.
Duration: Until December 10th, 2018
Currency Index offers fixed margins of %0.495 for all overseas transfers above £50,000. That includes all currency pairs. Currency Index accepts clients from the UK, Europe, and Australia.
Duration: Until December 10th, 2018
CurrencyFair, one of the hottest money transfer startups in the world, offers an exclusive deal for MoneyTransferComaprison.com readers – a first FREE transfer.
Duration: Always
We Compare International Money Transfer Services For:
We Compare International Money Transfer Services For:Overseas Property Buyers:
Individuals needing to transfer money internationally to a bank account abroad, usually for an asset located abroad. Money is paid either instantly, through a single transfer, or in instalments.
These individuals require high levels of safety and trust, as well as solid guidance on how to hedge future payments. The larger the transfer, the better the money exchange rates that the property buyer should expect.
Sending Money AbroadSmall/Medium Businesses:
SME’s that either import/export goods, receive payments in foreign currency, or pay salaries to employees abroad.
Business owners and money managers look for nothing but top-notch companies. These are the largest organizations that have been in business the longest, are highly regulated, and possess the highest liquidity, which will allow them to provide the best currency transfer rates.
Business Foreign ExchangeExpatriates:
It is estimated that there are over 50,000,000 expats worldwide, all of whom need to internationally transfer salaries or pensions, and make small or large payments, on a regular basis.
The company that these expats will choose must have a wide global reach, an easy sign-up process, and intuitive online platforms. These traits can make the expat life so much easier!
Regular Transfers
Travelers:
It is estimated there are over a billion travelers every year. They need to exchange cash. Exchange beauruex provide horrible rates, so they seek an alternative.
What these individuals are looking for is pretty simple: save on expenses. The process must be easy, quick and secure. They sign up, load funds from their debit or credit card, and a receive cash delivery.
Work Immigrants:
With over 230m working immigrants worldwide, remittances impose a large effect on world economy (read more about the world remittance market here).
Working immigrants need remittances services that have high global reach, and do either bank-to-bank or bank–to-cash transfers with minimal fixed fees, and best currency exchange rates on the market.
Immigrant RemittancesTechies:
There are 123 mobile phones for every 100 UK citizens, which says everything. People are accustomed to perform all their daily tasks through their mobile devices, and international money transfers should be no different.
Techies expect a smooth mobile experience, by a native app that enables users to set a market watch alert on certain currency pairs and transfer promptly.
Money Transfer AppsMore Than Just Transferring Money Internationally
MoneyTransferComparison’s aim goes above and beyond helping customers finding the most adequate and best-tailored money transfer service to match their needs. That is indeed our main objective, but we strive to also guide people on how how the process works. This is why we have created an extensive learning centre, authored by experts in the field and written in a objective, and sometimes even critical manner.
Without further ado, we would like to present our Learning Centre with more than 20 articles on the process of international money transfers which will help you understand how things work behind the curtain!
… And Even More Content is Readily Available
We have written an extensive guide for expats, immigrants and small business owner in a variety of topics that go beyond the scope of money transfers.
It’s (Also) More Than Just The “Best Money Transfer Sites”
We pride ourselves in thorough, fully detailed reviews and top-of-the-line currency exchange comparison. We devote a lot of time and resources into reviewing each individual provider that we deem worthy of reviewing. Unlike some of our competitors, we are not owned by a multi-million dollar company. Unlike our competitors, our aim is not to simply compare foreign exchange rates between different sites and recommend whoever offers the cheapest price or the lowest fees.
That’s a part of what we do, but it’s not our main goal.
We believe that international payment companies should provide safety and security, above all. This is why we are so focused on elements besides pricing. It’s a part of the overall rating that we provide each company, but it’s not everything. We do not treat the companies we review as “sites“; instead, we try to conduct our appropriate due diligence, just as we would do before engaging with any global business partner.
Below are the key aspects we scrutinise in order to establish trust with a company to the extent we can wholeheartedly recommend using it:
1
Legal Status
We look at the regulatory status of each company – Is it only registered with the FCA or is it authorised as a payment institution? Is it supervised by additional regulatory authorities across the globe? Has it been accused of fraud?
2
Track Record and Volumes
How long has the company been running for? How many clients does it serve? Where are its offices? What kind of volumes does it trade? Who owns it and who runs it? Does it have worldwide offices? Where are they?
3
Client Reviews
We browse hundreds or thousands of individual reviews for each company, and see what clients think of it, and whether they would recommend them. We also look at money transfer sites from the technical perspective – we only recommend those that have mobile-friendly designs, functional platforms and are appropriate for mobile devices (or have appropriate mobile apps).
4
Personal Assistance
We prefer companies that seek to create a personal interaction with you. Such companies assign one dedicated point-of-contact to help you with your trades. This is definitely a way for clients to feel more secure – being able to reach your dedicated fx dealer at any time.
5
Our Interaction With The Companies
Our business relationship (as referral partners) with some of the companies reviewed on this website can help us separate the whiff from the chaff. We are able to visit them in their offices, speak directly to the people who work there and assume their level of professionalism and integrity, enabling us to learn the financial standing of the company.
We believe what we see with our own eyes; and thus, we have met with 6 of the fx companies that have received the highest scores in our testing.
6
Dealing with Complaints
Even the best money transfer services in the world sometimes receive complaints. That’s only natural and we would be suspicious if none came up for companies providing their fx services to hundreds of thousands of clients.
The important thing is how they handle complaints. Are they open with the client when they have mistreated them? Do they take any inquiry seriously and spend time searching for complaints online and responding to them? Are they sharing case resolutions that we have referred to them with us? Do they bother to respond to complaints or comments left on MoneyTransferComparison.com’s reviews? Are they able to handle fx cases we had decided to research?
Geographic Focuses
Note: Our site can be used by people from most countries around the globe. The majority of our clients are UK expats, property buyers and small businesses, but the companies we review, and our recommendations, are applicable for many more countries.
We are happy to help people from France, Spain, Germany, the USA, Canada, Australia, New Zealand, Singapore, Switzerland, Sweden, South Africa and dozens more locations find trustworthy companies with which to transfer money internationally.
International Money Transfer Comparison: Editor’s Note
By Matt Di Vincere, Chief Editor, MoneyTransfercomparison.com
With MoneyTransferComparison.com becoming the leading site for international money transfer information since its establishment in 2014, we consider this a good time to thank our loyal readers.
Ever since our launch, we have attracted readers who are keen to engage. There are more than 1,000 comments that people left us over the years, more than 100,000 clicks on recommended company quotes, and more than £300,000,000 transferred through our partners following our referral.
We are absolutely stunned by the amount of love and respect we have earned in several different industries in multiple locales. MoneyTransferComparison.com has been rapidly recognised as an authority in the international money transfer industry.
Below are our New Years’ resolutions and aims for 2019, namely to give you, the readers, an ever-improving experience while using the site.
Stay tuned!
Thank you for reading,
Editor-in-chief, MoneyTransferComparison.com
Comments are blocked on this page. If you want to reach us, use the inquiry form located on our About Us page. Thank you.
I like this site. It is very well made and informative.
Thank you Tom!