Currencies Direct vs Ria Money Transfer Comparison

Established in 1996, Currencies Direct has carved a niche as a leading currency exchange provider, facilitating seamless transactions for over 425,000 customers across the globe. With a strong emphasis on customer satisfaction, it boasts a robust platform for both personal and business transfers.

On the other hand, Ria Money Transfer, a subsidiary of Euronet Worldwide Inc., has been operational since 1987, offering a wide array of services including online transfers, cash pickups, and mobile money transfers. With a vast network of 447,000 agents worldwide, Ria focuses on providing accessible remittance services to over 190 countries, making it one of the largest money transfer services globally.

Both companies are regulated and secure, offering competitive rates and diverse transfer options to meet the needs of their international clientele.

Customers

Company NameCurrencies DirectRia Money Transfer
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Currencies Direct ReviewRia Review
Customer rating4.9 / 54.2 / 5
# Rating Customers63494759
Top 3 Pros
  • Over 425,000 Customers
  • Glowing Customer Experience
  • Professional and Courteous Staff
  • Very wide global reach
  • Professional website and support
  • Fair rates for remittances
Top 3 Cons
  • Not suitable for Remittances to Asia and South America
  • Online Platform Less Intuitive than Competitors
  • Online App Functional but not Aesthetic
  • Low payment limits ($2,999 per transfer in US and Canada)
  • For large transfers, rates are not great
  • No dedicated dealers or hedging tools

Availability

Company NameCurrencies DirectRia Money Transfer
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Office locations22 Offices Worldwide447,000+ transfer agents around the world
# Currencies60+100+

Security

Company NameCurrencies DirectRia Money Transfer
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Regulated byFCA, FinCEN, SARB, FINTRAC, Bank of SpainFinCEN, FCA, FINTRAC, ASIC
HTTPS SecuredYesYes
Segregated Customer AccountsYesNo
2FANoNo

Limits and Fees

Company NameCurrencies DirectRia Money Transfer
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Min transferΒ£100No minimum
Max transferNo upper limit$2,999 per day in US and Canada
Fixed feesNo$3 for transfers below $100, $5 for above $100
See rates before you log in?YesYes

Customer Support

Company NameCurrencies DirectRia Money Transfer
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Dedicated DealerYesNo
EmailYesYes
PhoneYesYes
Live ChatNoNo
24/7NoNo

Ways to Transfer

Company NameCurrencies DirectRia Money Transfer
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Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesNo
Cash PickupNoYes
Card Top-UpNoNo

Additional Functions

Company NameCurrencies DirectRia Money Transfer
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HedgingYesNo
Mass paymentsYesNo
Cash chequesNoNo
Multi-Currency Debit CardYesNo

Conclusion

On MoneyTransferComparison, Currencies Direct has received a higher editorial score. The advantages of Currencies Direct over Ria Money Transfer are these:

  • Currencies Direct offers no fixed transfer fees and no upper limit on transfers, making it ideal for large transactions.
  • It provides dedicated dealers and a range of hedging options, catering to more sophisticated financial needs and business clients.
  • The company boasts a higher customer satisfaction rating, with a 4.9 out of 5 score based on thousands of reviews, indicating a strong trust and reliability factor among its users.

Currencies Direct is better for large international transfers, business transactions, and anyone needing personalized financial services such as hedging and forward contracts.

Ria Money Transfer is better for remittances, smaller transfers, and those needing a wide global reach with the option for cash pickup, making it more suitable for personal use, especially when sending money to remote areas without banking infrastructure.