Our main aim is to highlight which are the best international money transfer services on the market. We compare aspects like safety and security of the customer's funds and the banking infrastructure of each currency transfer services, as well as verify the exchange rates are competitive and the offering is diverse.
Best Money Transfer Companies and Services [Top 10]
- 🏆 Overall Winner: Currencies Direct
- 🏆 Best Quality of Service: TorFX
- 🏆 Best Reputation (Est. 1979): Moneycorp
- Best Online System: OFX
- Best by Client Feedback: Global Reach
- Best TrustPilot Score: Currency Solutions
- Best by Feefo Score: Halo Financial
- Best Known in the Industry: Wise
- Future Potential: SpartanFX
- Best for Online Sellers: WorldFirst
- ⚖️ COMPARE TOP 6
Currencies Direct: Best Overall for International Money Transfers
- 96% Positive Feedback from Customer, Since 1996
- Service Oriented - Specialising in Large Transfers - Friendly Dealers
- Very Competitive Rates, No Wire Fees
TorFX: Strong Guidance and Staff
- Headequarters Outside of London - Lower Staff Costs Rolled Over to the Client
- Quick Onboarding Process and Highly Professional
- Trading Desk with 100+ Years of Experience
moneycorp: Oldest and Most Reputable Foreign Exchange Service
- Providing FX Services since 1979
- Very Recognisable Brand with Excellent Reputation - £36.9in Transfers Annually with Offices in Every Continent
- Business Specialists
Global Reach Group: 99% Positive Client Feedback
- 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
Currency Solutions: Best Money Transfer on TrustPilot
- Best Customer Satisfaction Score on TrustPilot
- Welcoming and Clear Website, Easy to Sign Up
- Excellent Currency Transfer Rates
OFX: The Publicly-Traded Money Transfer Company from Down Under
- Traded Publicly in Australia
- £20bn Turnover per Year
- Ultra Professional
Halo Financial: Excellent Online Platform and Support
- Feefo 2020 Platinum Trusted Provider
- Excellent Website and Online Flow
- Highly Professional
Wise (Previously TransferWise): Valued at £10bn
- Largest Money Transfer Provider of its Kind
- Fully-Online Journey
- Transparent Pricing
SpartanFX - New and Friendly
- Powered by Currency Cloud
- Experienced Management Team
- Not Enough Client Reviews to Determine Quality of Service
For Ecommerce and Business Clients Exlusively
Worldfirst: Best FX Rates Online
- Best Rates: Fixed FX Spreads of 0.1% – 0.5%.
- Authorized by 6 Global Regulators
- Asian Currency Specialists
Full Listing:
View all money transfer services and companies (70 reviews)
Money Transfer Company, Service, or Brokerage?
A money transfer company, or a money transfer service, is – under our own definition – any company that enables individuals or businesses to transfer money across borders into a bank account. This broad array of services including companies of all types – from remittances-oriented Western Union and Moneygram which have been around for centuries and operate using their own payment networks transacting tens of billions each year, all the way to smaller brokerages like Key Currency which are focused on higher value transfers and businesses.
When people refer to currency brokers they normally refer to the former – companies like Moneycorp that specialise in provision of exemplary service and a wide arrange of hedging options but they ultimately make their transactions through BANKS (as opposed to their own payment networks), and hence are logically named brokerages.
Is It Truly the Best Route❓
Commercial brokerages or money transfer services are cheaper than alternatives, and provide a better. Banks charge anywhere between 1.5%-3% per transaction in hidden costs (a markup hidden into their international foreign exchange rates), on top of their wire fees, and the customer is getting very little service in terms of support in the transaction itself, verifying the details and complete and correct, guidance about the best timing to make that transfer, or tracking whether the transfer has met its destination. Instant money transfer services like PayPal costs incredibly expensive fees on currency exchange (in the proximity of 4.5%-5% depending on currencies) but will always reach its destinations instantly.
Currency transfer services, like the ones we compare on MTC, will provide ample service for a fraction of the costs of its competitors.
Compare International Money Transfers
Top 6 Side by Side, Updated for: August 2021
- Min Transfer: £/€/$ 100
- Currencies Supported: 39
- Offices : UK, EU, USA, India, South Africa.
- Our Rating : 97.8%
- Most Global Offices and Reach
No Fees from Anywhere
96% Client Satisfaction
- Min Transfer: £/€ 100
- Currencies Supported: 40
- Offices : UK, EU, Singapore, and Australia.
- Our Rating : 93.4%
- Extremely Tailored Service
MoneyFact's Best Provider Award
Diverse Hedging Options
- Min Transfer: £/€/$ 50
- Currencies Supported: 120
- Offices : UK, EU, Australia, USA, HK, UAE, and South America.
- Our Rating : 92.8%
- Extremely Tailored Service
Industry Veteran since 1979
Diverse Hedging Options
- Min Transfer: £/€ 1,000
- Currencies Supported: 34
- Offices : UK and EU.
- Our Rating : 92.6%
- #1 Rated Money Transfer on TrustPilot
Friendly Customer Service
Fast Sign-Up
- Min Transfer: £/€ 10,000
- Currencies Supported: 138
- Offices : UK, France, Netherlands, Canada and South Africa.
- Our Rating : 90.6%
- Great Experience
Specialising in Private Clients
Sunday Times Track 100 Winner
- Min Transfer: £/€/$ 50
- Currencies Supported: 30
- Offices : UK.
- Our Rating : 87.6%
- Extremely Tailored Service
Multiple Industry Awards
Highly Positive Client Reviews
Compare 60 of the Best Foreign Exchange Companies for International Currency Transfer
We pride ourselves in providing the world’s most comprehensive international money transfer comparison. As such, we have decided to cover more currency transfer 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 in the order 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 foreign currency transfer to a bank account abroad below. Just remember it’s not all about finding a cheap transfer abroad, and quality of service goes a long way dealing with substantial amounts of money.
As Seen On
All Money Transfer Service Reviews
Displaying 69 Companies, Updated for: August 2021
| Company | Our Rating | Recommended for | Description | Visit | |
|---|---|---|---|---|---|
| #1 | 97.8% ⭐⭐⭐⭐⭐ | Transfers of All Sizes, Bespoke Service from £5,000 and Up | Extremely friendly on-boarding process, excellent rates, intuitive website, and highly functional online platform earned Currencies Direct highly positive client reviews. Our #1 rated international money transfer company. | Visit Website | |
| #2 | 93.4% ⭐⭐⭐⭐⭐ | Large Transfers (Private and Corporate Clients) | TorFX is a Cornwall-based award-winning company that prides itself in its traders high level of professionalism and bespoke currency service. | Visit Website | |
| #3 | 92.8% ⭐⭐⭐⭐⭐ | Large Transfers (Private and Corporate Clients) | Moneycorp is perhaps the most trusted name in currencies – operating since 1979, and transferring as much as £20bn annually, with the most diverse offering for businesses clients (hedging and payments). | Visit Website | |
| #4 | 92.6% ⭐⭐⭐⭐⭐ | Large Transfers (Private and Corporate Clients) | Currency Solutions is a smaller UK-based brokerage with 99% client satisfaction over its TrustPilot reviews- highest in industry. | Visit Website | |
| #5 | 90.6% ⭐⭐⭐⭐ | Medium to Large Transfers (Private and Corporate Clients) | Large firm which has remained friendly and receptive towards clients. | Visit Website | |
| #6 | 90.4% ⭐⭐⭐⭐ | Transfers of All Sizes: From Remittances to Large Corporate Payments | Headquartered in Australia and publicly traded on the ASX. Great online system and professional service. | Visit Website | |
| #7 | 87.3% ⭐⭐⭐⭐ | Large Transfers, Corporate Payments | No fixed fees. Rated 99% by clients. Great online platform. Professional service. | Visit Website | |
| #8 | 95.2%* ⭐⭐⭐⭐⭐ | * Only for E-Commerce and Business Clients. Private clients not allowed. | Excellent rates and online seller offering | Visit Website | |
| #9 | 86.8% ⭐⭐⭐ | Remittances and low-value Transfers | Fixed, low, rates. Easy sign up process. Good reach. High credibility. | Visit Website | |
| #10 | 89.1% ⭐⭐⭐⭐ | Small to Medium Transfers, Online Only, No Dedicated Dealers | CurrencyFair is an innovative money transfer provider with a unique online system. | Visit Website | |
| #11 | 85.5% ⭐⭐⭐ | B2B Transfers, Overseas Payments to Freelancers, Receiving Money from Abroad as a Freelancer or SME Owner | A truly comprehensive and unique solution for business to business payments (including sole proprietors and freelancers). | Visit Website | |
| #12 | 85.6% ⭐⭐⭐ | Tech-loving corporate clients | Airwallex is a payment API for small businesses offering great rates. | Visit Website | |
| #13 | 82.1% ⭐⭐⭐ | £1,000 trades and up | A Boutique firm – Currency Cloud based – plenty of potions, online trading, multi-currency accounts and more | Visit Website | |
| #14 | 81.1% ⭐⭐⭐ | Medium to Large Transfers, Corporate and Private | Key Currency has a great website and online system, as well as good rates and overall a great service. | Visit Website | |
| #15 | 80.4% ⭐⭐⭐ | Business Transfers, Online Only | Kantox offers businesses to transfer money abroad for tight margins using a transparent pricing system. | Visit Website | |
| #16 | 80.1% ⭐⭐⭐ | Medium to Large Transfers, Individuals and Corporate Clients | CurrencyUK has been award the Best Money Transfer Provider by the British Bank Awards in 2018 and offers a smooth sign-up process. | Visit Website | |
| #17 | 80.0% ⭐⭐⭐ | Corporate and private clients, large transfers of £4,000 or more | A new company established in 2018 which is still quite small but seems promising. | Visit Website | |
| #18 | 79.0% ⭐⭐⭐ | Small Remittances Transfers, USA Oriented | Travelex is a well known remittances provider which has fallen | Visit Website | |
| #19 | 78.6% ⭐⭐⭐ | International Money Transfers (and investing) | Publicly traded Hargreaves Lansdown’s money transfer services. Large and respected company that doesn’t have any particular speciality with foreign exchange. | Visit Link N/A | |
| #20 | 78.1% ⭐⭐⭐ | Remittances, Prepaid Travel Cards | FairFX is a publicly traded company which is best known for its prepaid travel money cards, but also offers an international money transfer service. | Visit Link N/A | |
| #21 | 78.0% ⭐⭐⭐ | Medium to Large Transfers, Corporate and Private | Smart Currency Exchange has great feedback across the board by clients that have used it, good rates, and an overall good level of reputation in the industry. | Visit Link N/A | |
| #22 | Xoom Money Transfer – Read Review | 77.8% ⭐⭐⭐ | Remittances and Small Transfers, Cash to Cash Transfers, USA and Canada Only | Xoom is a known online money transfer provider which supplies reasonable rates for small scale remittances outside the USA and Canada. | Visit Link N/A |
| #23 | 77.2% ⭐⭐⭐ | Remittances and Small Transfers, Cash to Cash Transfers, USA Oriented | Ria money transfer is a solid remittance provider for those who want to send small amounts of money online from the USA to a developing country, or a remote place in the world. | Visit Link N/A | |
| #24 | 77.0% ⭐⭐⭐ | Remittances and Small Transfers, Cash to Cash Transfers, Widely Global | World Remit is a great initiative that has helped immigrants to transfer money across borders for cheaper than before, with great global reach than before. | Visit Link N/A | |
| #25 | 77.0% ⭐⭐⭐ | Domestic Payments and Small Payments – App Only | Revolut is a huge FinTech app with over 6 million registered users. The rate at which it has grown is truly unbelievable. Revolut is definitely not in the mold of your standard money transfer company. | Visit Link N/A | |
| #26 | 75.0% ⭐⭐⭐ | Remittances | Azimo is a leading remittances providers in the UK and Europe with mixed opinions from clients who have used it. | Visit Link N/A | |
| #27 | Orbit Remit – Read Review | 75.0% ⭐⭐⭐ | Remittances from £50 and up | One of the most promising remittances providers offering solid fees and exchange rates, comfortable-to-use website and app, and high level of satisfaction by clients. | Visit Link N/A |
| #28 | 71.0% ⭐⭐⭐ | Remittances (USA based and oriented) | Transfast is yet another remittances company focused on enabling immigrants to transfer money abroad online for a fraction of the costs of Moneygram and the likes. | Visit Link N/A | |
| #29 | 72.0% ⭐⭐⭐ | Small Remittances Transfers | TransferGo has 8,000 reviews online with very high percentage of satisfaction. The fees are low, and the markup is only up to 2.2% per transfer. | Visit Link N/A | |
| #30 | 71.0% ⭐⭐⭐ | Medium to Large Transfers, Individuals and SMEs | PureFX is a standard UK-based money transfer company offering all the “plain vanilla” functions you could expect, but is much smaller in size than known competitors. | Visit Link N/A | |
| #31 | 71.0% ⭐⭐⭐ | Medium to Large Transfers, Individuals and SMEs | Another London-based money firm focused on medium and large transfers. Great feedback from clients and strong offering on hedging. Large £15 fee per transfer. | Visit Link N/A | |
| #32 | 71.0% ⭐⭐⭐ | Transfers of all sizes – Individuals and Business – Australia | Innovative Ripple-network money transfers company based in Australia with good user reviews but sub-par rates which is still relatively small and unknown. | Visit Link N/A | |
| #33 | N/A | Natwest Clients (UK) | Very high rates for international payments. A UK bank. | Visit Link N/A | |
| #34 | N/A | Remittances – Online and on Branch, Receive in Bank Account or Cash | The largest and most global payments provider out there bar none. Western Union can reach regions other, smaller, providers, simply can’t. | Visit Link N/A | |
| #35 | N/A | International money transfers, focusing particularly on high end transactions. | A relatively small, UK oriented, FX provider. Great reviews by clients, but very limited reach and selection of currencies.. | Visit Link N/A | |
| #36 | N/A | Remittances – Online and on Branch, Receive in Bank Account or Cash | The second largest money transfer provider in the world with hundreds of thousands of branches across the globe. High fees and sub-par rates on many currency routes. | Visit Link N/A | |
| #37 | N/A | Transfer of All Sizes, Corporate and Individuals | The largest provider of online currency quotes has expanded to international money transfer while merging with HiFX. A leading money transfer provider in the UK and globally. | Visit Link N/A | |
| #38 | N/A | Medium to Large Transfers | VFX is a rather large provider of international money transfers with several firms operating under the brand.. | Visit Link N/A | |
| #39 | N/A | Medium to Large Transfers | Run of the mill money transfer company. Not much published about it online. | Visit Link N/A | |
| #40 | N/A | Transfers of all sizes | The Post Offices’s money transfer services are white label services provider by Moneycorp | Visit Link N/A | |
| #41 | 34.6% ⭐⭐ | Transfers of all sizes | Virgin Money’s International Payment services are limited to businsses customers, and are only available via direct communication with bank. | Visit Link N/A | |
| #42 | N/A | Small Transfers, Remittances, Cash and Mobile Transfers | Whitelabel for WorldRemit. | Visit Website | |
| #43 | N/A | Transfers of all sizes | The Telegraph’s money transfer services are provided by Moneycorp in a White Label Model. | Visit Link N/A | |
| #44 | N/A | Private client transfers – domestic and overseas | Veem is a new startup that facilitates international and domestic money transfers over the blockchain network. | Visit Link N/A | |
| #45 | N/A | Transfers of all sizes | Afex is one of the largest currency transfer providers in the USA. | Visit Link N/A | |
| #46 | N/A | Medium to Large Transfers | AxiaFX is a very small currency transfer provider. | Visit Link N/A | |
| #47 | SendFX – Read Review | N/A | Medium to Large Transfers | SendFX is an Australia-focused money transfer company with a smooth website and big promises which has been receiving great client reviews until now. | Visit Link N/A |
| #48 | Transfermate – Read Review | N/A | Medium to Large Transfers | Transfermate is a fairly large money transfer service operating for almost 10 years in a variety of currencies and countries, getting good feedback, and is on a growth trend. | Visit Link N/A |
| #49 | PaySend – Read Review | N/A | Medium to Large Transfers | Low fixed fees, great user reviews and rather comprehensive and unique offering by this 2017-established money transfer company. | Visit Link N/A |
| #50 | N/A | Transfers of all sizes, private and corporate clients | A moneycorp white-label city with the most read non-tabloid newspaper in the UK. | Visit Link N/A | |
| #51 | N/A | Transfers of all sizes, private and corporate clients | A moneycorp white-label city with global mega-publication CNN. | Visit Link N/A | |
| #52 | N/A | Transfers of all sizes, private and corporate clients | A moneycorp white-label city with famous publication CityAM. | Visit Link N/A | |
| #53 | N/A | Transfers of all sizes, private and corporate clients | A whitelable for FXPress with very wide global reach. | Visit Link N/A | |
| #54 | N/A | Large transfers, private and corporate clients | Relatively small size FX company with 50 employees and expertise on both corporate and private clients. | Visit Link N/A | |
| #55 | N/A | Transfers of all sizes, private and corporate clients (South Africa) | One of the biggest South-African money transfer companies. | Visit Link N/A | |
| #55 | N/A | Mostly corporate clients | 25 years of strong reputation. | Visit Link N/A | |
| #56 | N/A | People who need a currency card | Overwhelmingly positive feedback from clients | Visit Link N/A | |
| #57 | N/A | B2B Clients of All Sizes | Industry Veteran, Strong Commentary on the FX markets/td> | Visit Link N/A | |
| #58 | N/A | Private and Business Clients, with a particular focus on South Africa | Industry Veteran, Many Additional Functionalities | Visit Link N/A | |
| #59 | N/A | Private and Corporate Clients who Want to Use a Big Bank for International Money Transfers | Very highly regulated, financial services giant, does not specialize in foreign exchange payments specifically and worse rates than commercial companies | Visit Link N/A | |
| #60 | N/A | Remittances for clients in South East Asia | Smooth app with good reviews and limited usability | Visit Link N/A | |
| #61 | N/A | Banking Services Including International Money Transfers | Great rates of a great online bank with less functionality and flexibility than desired | Visit Link N/A | |
| #62 | N/A | Remittances to Asia and South America | Easy to use app, reasonable margins | Visit Link N/A | |
| #63 | N/A | Larger Transfers (Telephone Only) | A Boutique firm with limited functionality and excellent service. | Visit Website | |
| #64 | N/A | Challenger Bank App | Overall good reviews and strong offering, but expensive for international money transfers. | Visit Link N/A | |
| #65 | Paymentearth – Read Review | N/A | Small USA-based FX | No reviews online. Very small firm. | Visit Link N/A |
| #66 | kbr FX – kbr FX | N/A | Small UK-based FX firm | No reviews online. Very small firm. | Visit Link N/A |
| #67 | PagoFX – Read Review | N/A | Focused on private customers | PagoFX is a new Santander bank owned company that is a direct competitor to TransferWise. | Visit Link N/A |
| #68 | Wirex – Read Review | N/A | Payments and Cryptocurrency | Under FCA investigation. | Visit Link N/A |
| #69 | HiFX – Read Review | N/A | Transfer of all sizes, corporate and private desk | HiFX was one of the best known money transfer companies in the UK and globally and was merged into XE money transfer. | Visit Link N/A |
| #70 | ForeignExchange.com – Read Review | N/A | Unknown | Has been announced in 2017 but never launched. Redirected to another unrelated site. | Visit Link N/A |
| – | FC Exchange – Read Review | N/A | Transfers of all sizes (Private Clients Only) | FC Exchange has merged with Global Reach Partners to form the Global Reach Group. | Visit Link N/A |
| – | Global Reach Partners – Read Review | N/A | Transfers of all sizes (Corporate Clients Only) | Global Reach Partners has merged with FC Exchange to form the Global Reach Group. | Visit Link N/A |
The Basics of Choosing an International Money Transfer Provider
Common Questions about International Currency Transfers
Learn about foreign currency transfer services before transferring money abroad
Are all recommended services appropriately regulated?
Can you fund your international transfer through a debit card?
Can I use either of the recommended money transfer services for a cash transfer
Do all of these top 10 offer an online platform for payments? mobile apps?
Do all of the top 10 offer hedging tools such as Forward Contracts?
Do all of these currency transfer speicalists offer dedicated account dealers and bespoke advice?
These money transfer companies will enable you to…
More about Our Best International Money Transfer Services
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]
Wise, formerly known as TransferWise, is a money transfer mammoth which has been recently IPO’ed in the London Stock Exchange is boasting higher trading volume than, perhaps, all competitors combined. It was the first money transfer company to bring innovation and transparency into the currency transfer space, and prides itself in razor sharp margins, smooth online system and app, and diverse multi-currency accounts but does not offer bespoke currency dealers. [Wise / TransferWise review]
Additional Services Offering Cheap Foreign Currency Transfers
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.
Compare Money Transfer for Specific Designations
- Best UK currency brokers: best money transfer brokerages in the UK.
- Best business FX: best services designated specifically for SME or corporate clients.
- Best way to transfer money abroad : location-based recommendations on the right service to use.
- 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 currency (FX) forwards: most popular hedging tool.
- Best for receiving large amounts from abroad: repatriating large sums.
- 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 remittances companies: the best remittance providers (small recurring transfers).
Best international money transfer rates?
There’s more to the equation. Don’t compare the cheapest way to transfer money overseas – focus on service.
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 currency transfers are definitely one of our goals, exchange rates are not the only thing setting money transfer companies apart from big banks.
Why not simply use the banks for international transfers?
Compare money transfer services, a large UK banks vs a top 10 money transfer service.
| Big Bank | Leading Currency Transfer Service | |
|---|---|---|
| 🛡️ Safe? | FCA and PRA authorised. Highest level of data encryption. | FCA authorised (+ 7 additional jurisdictions). Highest level of data encryption. |
| 🖋️ Signing Up | Long 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). |
Why do We Compare International Money Transfers Involving Foreign Currency
Your bank may be expensive and is charging you with significant invisible fees built into its exchange rate. There are potentially better ways to transfer money internationally, for cheaper prices, through the top 10 international money transfer companies and services. At Money Transfer Comparison, we give our readers an overview of an industry which is tough to tackle – there are many parameters to take into consideration, and a lot of information that is difficult to find or collate.
We try to make international money transfer comparison easy, understandable and comprehensive and hopefully helping you identify the best currency transfer service for your requirements at this present moment.