Best International Money Transfer of 2021

At MTC.com, we have created detailed, in-depth, reviews of the best international money transfer companies on the market. Your international money transfer comparison journey begins today. Discover new ways to transfer money internationally for cheap without compromising over the safety or security of your funds.

International Money Transfer Service Comparison

Updated for:  June 2021, Top 6
Tailored for clients from USA / Canada; Narrowed to 3 Companies Accepting all U.S Based Clients.
moneycorp
  • Min Transfer: £/€/$ 50
  • Currencies Supported: 120
  • Offices : UK, EU, Australia, USA, HK, UAE, and South America.
  • Our Rating : 92.8%
  • Friendly, Professional Service

    Discounted Rates

    No Transfer FeesDiscounted rates exclusively for our readers - great offer for large transfers
ofx money transfer
  • Min Transfer: £/€/$ 100
  • Currencies Supported: 55
  • Offices : UK, Australia, Canada, USA, Hong Kong and Singapore.
  • Our Rating : 90.4%
  • Industry Veteran

    Publicly Traded Company

    Very High Level of Service
transferwise
  • Min Transfer: None
  • Currencies Supported: 55
  • Offices : UK, EU, Australia, USA , Japan and UAE.
  • Our Rating : 86.8%
  • Extremely Successful

    Clear Pricing, Fixed Margins

    All Online - Great for Small Transfers

60 of the Best Foreign Currency Transfer Options at your Disposal

We pride ourselves in providing the world’s most comprehensive international money transfer comparison. As such, we have decided to cover more foreign exchange services than any of our competitors, and write our reviews with much greater detail.

If you want to learn why we picked the top 10 money transfer companies we did, read about specific services, or just spend a few hours educating yourself about the industry and its key players – view our array of bank to bank foreign currency transfer services below. Just remember it’s not all about finding a cheap money transfer, as safety and quality of service are as important.

As Seen On


Top 10 International Money Transfer Services

UK EU Currencies Direct: Best Overall for International Money Transfers
Headquarters:
1 Canada Square, Canary Wharf, London E14 5AA, UK
97.8% Editorial rating
3,000 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivilent
Why Them?
  • #1 Rating on MTC for the Past 2 Years
  • Global Leader in International Money Transfers - £10bn in Annual Turnover
  • No International Transfer Fees and Excellent Rates
  • 20+ Global Offices
  • Very Friendly Online Platform
  • Multi-Lingual Website and Staff
  • Fully-Functional App
  • Diverse Hedging Options for Businesses
  • Will Handle Transfer of Any Size
  • Fund Transfers via Domestic Bank Transfer or Debit Card
  • Accepts Clients Globally (USA - depending on state)
UK Australia EU TorFX: Strong Guidance and Staff
Availability:
Pz360, St Mary's Terrace,Penzance, Cornwall, TR18 4DZ, UK
93.4% Editorial rating
3,000 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivilent
Why Them?
  • Headequarters Outside of London - Lower Staff Costs Rolled Over to the Client
  • Quick Onboarding Process and Highly Professional
  • Excellent Online System
  • Competitive Exchange Rates
  • Expertise in Corporate Clients
  • Many Hedging Options
  • Trading Desk with 100+ Years of Experience
  • Clients Accepted Globally
  • Expertise in Australia with Local Offices
UK EU Australia USA UAE moneycorp: Oldest and Most Reputable Foreign Exchange Service
Headquarters:
Zig Zag Building, 70 Victoria St, Westminster, London SW1E 6SQ, UK
93.2% Editorial rating
7,000 Client Reviews
Minimum transfer:
£50 / €50 / $50 or equivilent
Why Them?
  • Providing FX Services since 1979
  • Very Recognisable Brand with Excellent Reputation
  • £36.9in Transfers Annually
  • Offices in Every Continent
  • Business Specialists
  • Long-Term Forward Contracts Available
  • Sophisticated Payment Solutions
  • Smooth Online System
  • Many Consumer and Business Awards
  • Accepts Clients from any Country
Australia UK EU USA New Zealand OFX: The Publicly-Traded Money Transfer Company from Down Under
Headquarters:
Level 19, 60 Margaret St, Sydney, NSW 2000, Australia
90.4% Editorial rating
1,500 Client Reviews
Minimum transfer:
£100 / €100 / $100 or equivilent
Why Them?
  • Traded Publicly in Australia
  • £20bn Turnover per Year
  • Ultra Professional
  • Very Tight Margins and no Fees
  • 24/7 Support
  • The Best Money Transfer App
  • 115 Bank Accounts Across the World
  • Accepting Clients from Everywhere
UK EU Canada Global Reach Group: 99% Positive Client Feedback
Headquarters:
20 Wood St, London EC2V 7AF
90.6% Editorial rating
10,000 Client Reviews
Minimum transfer:
£1,000/€1,000 or equivilent
Why Them?
  • 99% of its Past Clients Gave the Firm a Positive Review
  • Strong Global Reach with Offices in UK, Europe, and Canada
  • More than Two Decades of Experience
  • Excellent Website
  • Award Winning Client Technology
  • High Level of FX Expertise and Guidance
  • Operating for 15+ Years
  • Does not Accept USA-Based Clients
UK EU Brazil Currency Solutions: Best Money Transfer on TrustPilot
Headquarters:
21 Queen Elizabeth St, London SE1 2PD
90.4% Editorial rating
1,900 Client Reviews
Minimum transfer:
£1,000
Why Them?
  • Best Rating on TrustPilot of all Money Transfer Companies
  • Excellent Rates
  • Welcoming Website
  • Specialising in BRL Transfers
  • Very Proficient Trading Team
  • Many Business Clients
  • Does not Accept USA-Based Clients
UK Excellent Online Platform and Support
Headquarters:
Battersea Studios 2, 82 Silverthorne Rd, Nine Elms, London SW8 3HE
87.3% Editorial rating
100 Client Reviews
Minimum transfer:
£1,000
Why Them?
  • Feefo 2020 Platinum Trusted Provider
  • Excellent Website and Online Flow
  • Highly Professional
  • 15+ Years of Experience
  • Spot-On Currency Predictions
EU UK USA Australia Wise (Previously TransferWise): Valued at £10bn
Headquarters:
17 Avenue Marnix, 1000 Brussels, Belgium
86.8% Editorial rating
32,000 Client Reviews
Minimum transfer:
No Minimum
Why Them?
  • Largest Money Transfer Provider of its Kind
  • Fully-Online Journey
  • Transparent Pricing
  • Excellent Margins (Approximately 0.5% on Average)
  • Margins don't Change Based on Deal Size
  • Very Easy to Use
  • Quick Transactions
  • Best FAQ Section
  • No Dedicated Dealers Available
  • Clients Accepted Globally
EU UK SpartanFX - New and Friendly
Headquarters:
Pixel Business Centre, 110 Brooker Road, Waltham Abbey, Essex, EN9 1JH , UK
85.1% Editorial rating
135 Client Reviews
Minimum transfer:
£1,000
Why Them?
  • Excellent Client Reviews
  • Experienced Management Team
  • Full Online & Offline Trading Process
  • Highly Service-Oriented
  • Powered by Currency Cloud

For Ecommerce Clients and Businesses Exlusively

UK Australia Hong Kong Singapore Worldfirst: Best FX Rates Online
Headquarters:
Millbank Tower, 21-24 Millbank, London, SW1P 4QP, UK
95.4% Editorial rating
7,000 Client Reviews
Minimum transfer:
£1,000/€1,000 or equivilent
Why Them?
  • Best Rates: Fixed FX Spreads of 0.1% – 0.5%.
  • Authorized by 6 Global Regulators
  • Asian Currency Specialists
  • Excellent Multi-Currency Offering for Online Sellers
  • Operating for 15+ Years
  • Owned by Ant Financial, a Global Payments Giant
  • Courteous Staff
  • Largest Selection of Currencies
  • Does not Accept USA-Based Clients

More about Our Best International Money Transfer Selections

Currencies Direct have been our #1 best international money transfer service for several years, being a perfect combination of strong rates, strong service and strong functionality – online, app, rate watch, and hedging tools. The company was established in 1996, and has been highly recommended by customers ever since. It currently boasts more than 300,000 active customers, both private clients, SMEs and corporations. Currencies Direct is particularly focused on UK customers including expats in Spain, Portugal and France (where they have offices too). [Currencies Direct review]

TorFX is the most prominent UK money transfer service which is based outside of London. Its Cornwall headquarters make it easier for them to recruit top level professionals and make themselves the most service-oriented company of the bunch. TorFX has offices in UK, Australia and Singapore. [TorFX Review]

Moneycorp is a household brand in international money transfers – the first company to operate in this space since 1979. The company boasts more than £35bn annually in trading, with offices in every single continent. Their offering includes a lot more than a great online system, no-fees on all transfers and great rates (with unique offers particularly for our readers) – it includes a wide array of hedging tools including the industry best Forward Contracts. [Moneycorp Review]

OFX is a publicly traded company based in Australia, with AU$20bn annual turnover, which is offer razor-sharp margins and a superb online system, making it most apt for transfers below £5,000 or equivalent. OFX is the ultimate one stop shop because it will handle smaller international transfers and large international transfers, private and corporate, as well as online sellers – they offer a terrific no-hands online system and highly ranked app alongside professional dealers, topped by a very complete multi-currency account. [OFX Review]

WorldFirst is a CORPORATE-ONLY service for non-U.S clients with a focus on online sellers. The company offers fixed low margins which are somewhat similar to Wise’s at approximately 0.5% markup per transaction, but offers even better rates for larger customers. WorldFirst takes pride in its sophisticated and complete multi-currency account, built to allow online sellers and international businesses to receive funds from abroad in domestic currency and circumvent Amazon’s expensive currency transfer system. WorldFirst has offices in the UK, Netherlands, Australia, Hong Kong, Singapore and Japan and is owned by Ant Financial, the Chinese mega conglomerate which is an affiliate of the AliBaba group. [WorldFirst review]

Additional Popular Reviews by Money Transfer Comparison

Key Currency Money Transfer Review: Key Currency is a significantly smaller company than those appearing on our top 10 recommendations. Best currency exchange as rated by ADVFN. All clients are directly processed by professional dealers. Excellent service feedback:

XE Money Transfer Review (XE.COM): One of the global leaders in international money transfers. XE.com, a Canadian venture, is one of the world’s most popular currency websites, established in 1993, and started offering international transfers circa 2002. It was acquired by Euronet and merged with HiFX.

HiFX Money Transfer Review: This discontinued brand is still sparking interest among our readers, as one of the most prominent money transfer services in the UK up until 2018 when it was merged into XE.com.

SendFX Review: SendFX is one of the most growing money transfer companies in Australia, boasting Mozo’s 2021 choice as the best currency exchange company. Although SendFX does not have a mobile app and its payment system is not as complicated as competitors like Moneycorp, it has offers excellent rates.

Airwallex Review: AirWallex is a Australia-based money transfer companies geared at small businesses and larger corporations in Europe, Australia and Asia. With a fixed cost of 0.5% currency exchange fee, and one of the world’s best payment systems, it has been received impressive industry awards.

Foremost Currency Group Review: Foremost Currency Group is a Hertfordshire-based money transfer service. Customers enjoy the service and have rated it 9.8 / 10 on TrustPilot.

PaySend Money Transfer Review: Although PaySend, an UK provider, was only established in 2017 it has a very complete offering for both private clients and businesses, including a 24/7 support.

Smart Currency Exchange Review: Smart Currency Exchange is a mid-sized money transfer business transferring more than £1bn each year. Started in 2004 and prides itself in high quality of service, as also reflected by customer reviews.

Afex Money Transfer Review: Afex outlier in the foreign currency business. The American business started as early as 1979 and is regulated to operate in Europe, UK, Australia as well as all U.S states. Over the years it has positioned itself as a foreign exchange leader and specifically global payment solutions, boasting Duetche Bank’s luxurious Straight Through Processing Award for 5 years in a row.

International Money Transfers Guide

International Foreign Currency Transfers FAQ

  Are all of these companies well regulated?

Yes. All money transfer services listed on this page are authorised by the FCA to conduct international money transfers on behalf of their clients. All client funds withheld by either company is well segregated and safeguarded.

  Can you fund your international transfer through a debit card?

Yes, but fees will be higher, and hence it's recommended to fund transfers through a domestic bank transfer.

  Can I use either of these companies for a cash transfer?

No. These companies only support bank-to-bank payments. There are other companies specializing in remittances and offer online-to-cash functionalities but they are not listed in our top 10 money transfer companies list.

  Do all of these companies offer an online platform for payments? mobile apps?

Yes. All the companies recommended by us offer the said functionality.

  Do all of these companies offer hedging tools such as Forward Contracts?

Yes. All the companies recommended by us offer the said functionality.

  Do all of these companies offer dedicated account dealers and bespoke advice?

Most of them, but not all companies recommended on this page. TransferWise and Currencyfair are strictly an online service. They have a great support team of course, but they don't offer a one-point-of-contact type of perk that companies like Currencies Direct, Moneycorp or WorldFirst do.

These money transfer companies will enable you to…

Transfer money to any bank account overseas, in any currency. 
Exchange your local currency to any foreign currency and get it back to your account (or another account owned by you anywhere in the world).
Understand how much you’re paying exactly for the transfer, and what exchange rate you will receive.
Access an intuitive online system to transfer payments abroad.
Make business payments to suppliers, employees, or business partners abroad.
Make transactions over the phone, or via email, and not through the online system, if that’s your preference.
Get access to expert guidance on the currency markets.
Get access to FX hedging tools such as Forward Contracts, which will help you lock today’s rate for years to come.
Fund large transfers through a domestic bank transfer in your local currency to a segregated account in your name, or fund the transfer with a debit/credit card.
If you’re a small business or an online seller, you’d be able to enjoy multi-currency accounts allowing you to receive payments in a multitude of currencies and exchange it back to your domestic currency.
Finally enjoy a cheap and reliable international money transfer to a bank account abroad.
You will not be able to use either service to transfer off-shore money with opaque documentation, nor transfer cash.

Additional Money Transfer Comparisons for Specific Designations

Transfer money abroad comparison: location-based recommendations on the right service to use.

Best UK currency brokers: best money transfer brokerages in the UK.

Best for business transfers: discover the best fx companies boasting a professional corporate desk.

Best online money transfers: the best money transfer platforms for online money transfers.

Best international money transfer apps: learn which foreign currency app is the best.

Best for FX forwards: learn which companies are best for hedging your FX exposure through a forward contract.

Best for repatriation of funds from abroad: repatriate money from overseas bank to your home account.

Best Multi-Currency accounts: accept foreign exchange payments for cheap and with ease.

Best for cashing a foreign cheque: learn how to cash a foreign currency cheque in the UK.

Best online payments systems UK: accept payments domestically  – credit card processing options.

Best international money transfer rates?

There’s more to the equation.

If you want to find the best foreign currency transfer service or company, or not just focus on the best exchange rates for international transfers, then look no further. Our top 10 FX comparison is like no other because we don’t focus exclusively on the on the exchange rates; instead, we compare international money transfer services based on factors like trust, reputation, client feedback, and consistency. While cheap international money transfers are definitely one of our goals, exchange rates are not the only thing setting money transfer companies apart from big banks.

International Money Transfers: Why Sidestep the Bank in the First Place?

Compare money transfers abroad: a large UK bank against a leading foreign exchange company.

Big BankLeading FX Company
🛡️ Safe? FCA and PRA authorised. Highest level of data encryption. FCA authorised (+ 7 additional jurisdictions). Highest level of data encryption.
🖋️ Signing UpLong and cumbersome, requiring many documents.Online and easy, get verified automatically based on your documents in minutes.
💰 Transfer Fees?Yes, approximately £12-15 on average.No.
💸 Currency Exchange Margins?Not less than 1%, and up to 3% on exotic currencies. 2% would be a good rough average.Our 12 months average clients we have referred to that provider paid 0.6% on average.
👨 Dedicated Dealer?No. It’s either the bank’s online banking system, or a banker with no particular FX expertise.Yes. Professional dealer who helps you transact and follows up on your transfer (and can keep in touch for future requirements).
🏄 Best International Money Transfer Tips for June 2021
The top 10 money transfer services to transfer money abroad all offer quite a similar offering. Our international money transfer comparison will help you figure out the minor differences between them. If you still have trouble choosing one, sign up with multiple companies – that will enable you to do real-time currency rate comparisons.
When considering any international money transfer service, read throughout our detailed reviews. Then, carefully proceed to registering a free account with the company. Log into the online system, understand how the process works and what rates are being offered, and, if necessary, ask for a callback from the company’s representative to get a firsthand impression of the company’s level of professionalism . Don’t commit to a foreign currency trade before you feel 100% comfortable with your choice and certain you have opted to use the best bank to bank foreign currency transfer specialist.
A cheap money transfer is more than the currency exchange margins, or the associated fees. Try to make your transaction when timing is optimal  (the currency you are exchanging appreciates in value) if you truly want the very best international money transfer markups. Foreign exchange companies can help you with that.
If you need repeating transactions, or make an international payment in instalments, inquire about a possibility to minimize your foreign exchange exposure. A popular tool for small businesses and private clients is the Forward Contract.
After selecting your provider of choice and making your first transaction, continue monitoring the rates you are receiving, and compare to other money transfer options periodically. There could be new and exciting options on the market offering better technology or rates. Some clients would even sign up with multiple companies from the get-go, enabling them to conduct real-time currency rate comparisons.
 

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