Should I use CNN Money Transfers?
Cons:
Pros:
Official Website:
CNN International Money Transfer Review: Executive Summary
CNN 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 CNN Money Transfers Available?
About CNN
CNN stands for “Cable News Network”, and is one of America’s largest new-based television channels. Owned by WarnerMedia, CNN shows 24-hour cable news (in fact, it was the first to do this) and has been operating since 1980.
They’re not utterly distant from the finance, though. CNN does have some expertise within finance themselves, as they have a whole department CNNMoney, which covers the latest news on financial matters and undergoes its own investigations. Whilst it’s not the same industry, the company certainly has many financial and market experts, which is important for its image.
CNN news is known for being both dramatic and having some political bias. Despite losing ground to Fox News, CNN still regularly draws 1 million viewers and often gets up to the 1.6 million mark. CNN is losing viewers of the important 25 to 54 demographic, as it was down 20% at the end of 2019.
Putting political bias aside, CNN is extremely reputable. It is a regulated, big-hitter in American news, with a long track record of success.
Due to the falling figures though and the scare of social media damaging news channels, CNN decided to diversify its revenue and create a new stream. In 2015, CNN opened up the CNN Money Transfer service.
CNN Money Transfer – Screenshot from the website (cnnmoneytransfers.com)
– From 2019, does not loan anymore
The CNN Money Transfer service
CNN money transfers (cnnmoneytransfers.com) 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, CNN 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.
CNN 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 CNN 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