Should I use CityAM Money Transfers?
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CityAM International Money Transfer Review: Executive Summary
CityAM International Money Transfer was a white-label setup with moneycorp, one of the best money transfer services in the UK. The service is now discontinued so you are welcomed to check alternatives
Where is CityAM Money Transfers Available?
About CityAM
CityAM is a free newspaper that is distributed around London. It’s daily distribution figures are at almost 86,000. The newspaper is on the topic of business and was founded in 2005. Whilst it has declining numbers, the newspaper is still fairly established in London, most likely because it’s free and the editor upon launching used to work for the Sunday Times.
The libertarian free paper also launched a website in their 2014 digital expansion. By the end of 2014, their website traffic had grown by a factor of three. By the end of 2014, they had released their CityAM Money Transfer service, and with them being the first online news site to block AdBlock, their eye for digital monetisation was fierce.
CityAM Money Transfer – Screenshot from the CityAM website
The CityAM Money Transfer service
CityAM money transfers was a white-label partnership with moneycorp, a leader in international fx payments and one of the foremost currency brokers in UK, which has expanded and is still expanding able to serve customers from Canada and USA on top of UK, EU, and UAE.
Like many other mainstream media, CityAM was looking for a way to optimize its revenue generation and offering a foreign currency exchange is definitely a way other media have opted for as well. Since it’s 100% managed-by-third-party type of setup, it does not incur any heavy lifting from the partner side — just offering his already existing audience to use that service.
Other mainstream media mostly in the UK have had, or still have, a similar setup:
All White Label Setups in the Money Transfer Industry
- Virgin International Payments service was operated by WorldFirst, but is now operated independently.
- The Telegraph Money Transfer service is operated by Moneycorp.
- Guardian Money Transfers which is also provided by Moneycorp.
- CityAM Money Transfer is also provided by Moneycorp.
- CNN Money Transfer which was also provided by Moneycorp, but is now discontinued.
- Post Office International Transfers is operated by Western Union.
CityAM Money Transfers has shut down… what are my alternatives?
These are the best rated alternatives we are able to offer currently for those looking for a service similar to what CityAM International Money Transfer service was offering:
Currencies Direct: Best Overall for International Money Transfers
Why Choose Currencies Direct?
- 96% Positive Feedback from Customers, Since 1996
- Service Oriented - Specialising in Large Transfers - Friendly Dealers
- Very Competitive Rates, No Wire Fees
- Global Leader in International Money Transfers - £10bn in Annual Turnover
- 20+ Global Offices
TorFX: Strong Guidance and Staff - Property Specialists
Why Choose TorFX?
- Headquarters Outside of London - Lower Staff Costs Rolled Over to the Client
- Quick Onboarding Process and Highly Professional
- Trading Desk with 100+ Years of Experience
- Excellent Online System
- Competitive Exchange Rates
Key Currency: Up and Coming Currency Broker with Local Presence UK/Spain
Why Choose Key Currency?
- Fastest Growing UK Currency Transfer Provider
- Strong Onboard Team, Get an Immediate Callback
- Recipient of Multiple Industry Awards
- Close and Personal Touch, Excellent Support
- Specialists in the UK-Spain Corridor with Local Offices
Xe: Biggest Name in Currency Exchange Since 1993
Why Choose Xe?
- Easy to Register With - Less Than a 2 Minute Process
- Global Company, Conglomerate Owned, Running Since 1993
- A Very Familiar Name (xe.com used to the biggest foreign exchange hub)
- A Combination of a Work-Of-Art Online System with Brokerage for Large Transfers
- Superb Customer Reviews
moneycorp: Oldest and Most Reputable Foreign Exchange Service
Why Choose moneycorp?
- Providing FX Services since 1979
- Very Recognisable Brand with Excellent Reputation - £36.9bn Transfers Annually with Offices in Every Continent
- Business Specialists
- Long-Term Forward Contracts Available, With Many Other Hedging Tools
- Sophisticated Payment Solutions
OFX: Known Provider - Specialising in eCommerce Customers
Why Choose OFX?
- Traded Publicly
- £20bn Turnover per Year
- Multi-Currency Collection Account for eCommerce Customers
- Global Presence