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: July 2018
- Min Transfer: £/€/$ 1,000
- 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.
|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.
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).
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
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.
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.
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!
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.
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.
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.
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:
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.
Thank you for reading,