Best Online Money Transfer Websites & Platforms

The best online money transfer websites as rated by

Selection made from 60 money transfer companies, of which 57 boast an online money transfer platform.

Our requirements are as follows:

  1. Vast and user-friendly online platforms with all functionality embedded.
  2. International companies that operate on a global scale and deal with most currencies.
  3. Well-known companies with a proven track record of providing value to customers.
  4. Great exchange rates even on low amounts.
  5. Low minimum transfer amounts.
  6. No flat “wire fees”, ever.
  7. Rate clearly stated on the online platform.
  8. Ability to fund your transfer either by a bank transfer or a debit or credit card.
  9. Ability to fund your transfer by a local domestic wire transfer in your domestic currency.

 Best Online Money Transfer Services 2021

Australia UK USA Canada Best Online Money Transfer: Global Availability
UK, EU, Australia, Canada and USA Residents
90.4% Editorial rating
1,500 Client Reviews
Minimum transfer:
£100 / €100 / AU$100 / US$100 or eq.
Why Them?
  • Traded Publicly
  • 20bn Turnover per Year
  • Ultra Professional
+Read more
UK Best for Large International Bank to Bank Transfers Online in UK
UK / EU Residents
97.8% Editorial rating
3,000 Client Reviews
Minimum transfer:
£100 / €100 or eq.
Why Them?
  • #1 Rated on MTC
  • Industry Leader with £10m in Annual Turnover
  • No Transfer Fees, Great Rates
+Read more
EU Great Rates for Transfers of All Sizes
UK, Australia and EU Residents
89.1% Editorial rating
3,300 Client Reviews
Minimum transfer:
No Minimum
Why Them?
  • Exciting Start-up
  • Transparent Pricing Before Signing-Up
  • Great Exchange Rates (Even for Smaller Transfers)
+Read more
EU The Hottest Money Transfer Startup Today
UK, EU, Australia, USA, Canada and More (Almost Globally)
86.8% Editorial rating
32,000 Client Reviews
Minimum transfer:
No Minimum
Why Them?
  • Most Recognizable Brand in Money Transfers Today
  • Boast 1,000+ Employees and $4bn in Monthly Turnover
  • Transparent Pricing on the Site
+Read more
UK Excellent Guidance for Clients
Android, iPhone - UK / EU Residents
93.4% Editorial rating
3,000 Client Reviews
Minimum transfer:
£100 / €100 or eq.
Why Them?
  • Very Quick On-Boarding Process
  • Excellent Guidance
  • Great Exchange Rates
+Read more
UK For Businesses and Large Transfers
UK / EU Residents
93.2% Editorial rating
7,000 Client Reviews
Minimum transfer:
£250 / €250 or eq.
Why Them?
  • Operating Since 1970 - First Commercial FX Firm
  • Corporate FX Specialists
  • Great Online Platform
+Read more

For corporate clients (not accepting invidiauls)

UK Best FX Rates for Online Transfers
UK / EU Residents
95.4% Editorial rating
7,000 Client Reviews
Minimum transfer:
£1,000 / €1,000 or eq.
Why Them?
  • Fixed FX Spreads of 0.1% – 0.5%. Best Rates on the Market
  • Authorized by 6 Global Regulators
  • Best Online System to Transfer Large Volumes Abroad
+Read more

Not enough selection? Discover the best international money transfer company by overall score, on our homepage.

More details about our recommended online money transfer systems

Learn more about our favourite online websites before you rush to transfer money online with them:

Online Transfers FAQ

  Are online money transfer providers safe?

Yes. All providers recommended by us are authorised to transfer money as Payment Institutions or Electronic Money Institution by the Financial Conduct Authority (and/or other prominent regulators).

  How can I fund my online money transfer?

Debit / Credit card are optional for smaller transactions (and are more costly because your card provider will charge money for the transaction). For larger transfers, it is recommended to fund via a domestic wire transfer (more details on the process available below).

  Do all money transfer providers offer an online platform?

No. We have reviewed approximately 60 providers, and while the vast majority of them do offer online money transfers, some will only trade through phone or via email with no online system (other than for registration).

  Do all online money transfer providers have a mobile app?

No, but the ones we recommended do have a fully functional app for both Apple and Android devices.

  Would you recommend all readers to always DIY money transfer online?

No, some clients need more hand-holding than others. Additionally, some clients transferring large volumes can potentially achieve better rates negotiating with the provider on the phone.

Below you can read about the above aspects with greater detail:

Is DIY Online Money Transfer for You?

Using an provider’s website, online system, or mobile app to transfer money abroad online simply requires a bit of self-confidence. That’s all. If you are certain that you can navigate through an online system, and input the correct details when required, there is no reason why the transfer would go wrong. In fact, Transferwise has been hailed and praised all over the Internet for their excellent services, and they are an “online-only platform”.

Below are the pros and cons of online money transfers in comparison to telephone or email transfers with a dedicated currency dealer (Some of the online money transfer services featured on this page like Currencies Direct or OFX do offer that, in addition to an online platform).

Much quicker than phone, especially for repeat payments. Trusted providers are moving away from having to receive a clients personal documents over email and instead having them uploaded via the online platform.
You see the rates in front of you on the platform and you can compare them to the current interbank rates
Straightforward and you can follow the status of your transfer anytime online
 You don’t get individual guidance on your transfer (e.g., Is it the right time to trade? Are there additional fees that may be incurred for the receiver?)
You can’t haggle about the rate. What you see online is what you’re going to get.
You can’t receive payments from abroad, clear checks, or book FX options online.


Is transferring money overseas online safe?

The major concern most people have with online money transfers through websites, systems, or platforms is the safety element. While some banks are often considered ‘too big to fail’ , you do occasionally hear of smaller financial institutions / providers collapsing and leaving clients puzzled and furious ((ecent example including The Lifetime Sipp Company. It is not an unrealistic concern to have, but with proper scrutinisation of online money transfer providers, as we did on this page, potential clients are minimising the risks.

All the websites which are recommended on are authorised as e-Money Providers or Authorised Payment Institutions. What does that mean? All client funds used specifically for a payment they’ve set up are segregated in an account separated from the company’s accounts. If the online provider has collapsed, gone bankrupt, or revoked of its license, clients’ funds are well-reserved within the bank and registered in the name of the client who transferred them. It is obviously not a foolproof solution, but it reduces the risk to a bare minimum. Be sure to also understand what it means for you when your money isn’t directly funding a transfer, such as money you may hold in an online curre

Bottom Line

We recommend that transfers of more than £50,000 or its equivalent be done over the phone (or a face-to-face meeting fo for corporate FX). Expert guidance is not something we recommend missing out on, and with larger amounts, you can actually negotiate the margins with your currency dealer. If you want to view your options on that, view our recommended international money transfer companies.

For transfers below that mark you are bound to receive much better rates with our top choices (Transferwise and Currencyfair are the cheapest of the bunch). For these lower amounts you don’t really need any extra guidance and there is absolutely no reason to waste your time discussing strategies with anyone.

How Does It Work?

View the tutorial video by Transferwise below. One of the reasons we have selected it as our top service for international wire transfers is their simplicity and ease of use. It will take literally 3 minutes of your time to conduct the transfer (and even less time to register).

Funding your transfer: debit or a bank transfer?

One of the most common questions we face in this industry regarding online money transfers is concerns the best way to fund your account. With the companies we have presented (and hundreds more online), you can choose one of two options. Here is a side by side comparison.

Debit CardBank Transfer
InstantIn some countries like the UK it should be instant via a faster payment , but others could take more time
Very easyUsually easy to do online from your bank’s website but could be difficult
Expensive – companies will incur 1%-2% additional on your transferCheap, usually it costs you nothing to pay for a domestic wire (There are some exceptions like US)
Apt for small transfers where a small additional markup doesn’t matterApt for the vast majority of transfers and normally more recommended. Be careful to understand the payment limit with your bank if you need to fund larger transfers for a house purchase etc.

Concluding word of guidance from MoneyTransferComparison’s managing director, Alon Rajic:

If you intend to conduct a large online transfer off of your debit card, against our recommendation, make yourself aware of your card’s limitations. Depending on which card you use and what is your personal situation, your payment may be refused.

View our how to transfer money abroad with debit card guide to learn more.

Online Money Transfer via Mobile

The newest trend in the world of online money transfer service is the mobile app. Everyone uses their mobiles all the time to perform everyday activities, right? So why not turn this common device into a means by which you can send and receive funds from too.

We have a comprehensive money transfer app directory in which you can read about all your options for a mobile money transfer online to an overseas bank account (We also cover some domestic payment apps like Circle but this is not our main focus). We also maintain a list of the best expat mobile apps.

Further reading:

Comprehensive List of All Online Money Transfer Platforms

After more than 5 years of reviewing the money transfer industry and extensively covering companies, we are proud the present the most comprehensive list of money transfer websites who have a fully-functional online trading system in place.

  1. Currencies Direct Review
  2. World First Money Transfer Review
  3. TorFx Review
  4. Moneycorp Review
  5. Currency Solutions Review
  6. Global Reach Review
  7. OFX Money Transfer Review
  8. Currencyfair Review
  9. Transferwise Review
  10. XE Money Transfer Review (XE.COM)
  11. HiFX Money Transfer Review
  12. SendFX Review
  13. Afex Money Transfer Review
  14. FlashFX Review
  15. Airwallex review
  16. CurrencyUK Review
  17. Azimo Money Transfer Review
  18. Foremost Currency Group Review
  19. EasyFX Money Transfer Review
  20. FairFX Money Transfer Review
  21. com Review
  22. Frontierpay Money Transfer Review
  23. Halo Financial Money Transfer Review
  24. HL Money Transfer Review
  25. Kantox Money Transfer Review
  26. Key Currency Money Transfer Review
  27. Lebara Money Transfer Review
  28. Moneygram Money Transfer Review
  29. Natwest Money Transfer Review
  30. OrbitRemit Review
  31. Payoneer Money Transfer Review
  32. PaySend Money Transfer Review
  33. Privalgo Money Transfer Review
  34. Revolut Money Transfer App Review
  35. Ria Money Transfer Review
  36. Smart Currency Exchange Review
  37. TranserGo Money Transfer Review
  38. Transfermate Money Transfer Review
  39. Travelex Money Transfer Review
  40. Veem Money Transfer Review
  41. Virgin International Money Transfer Review
  42. Voltrex FX (VFX) Money Transfer Review
  43. Vorto Trading Money Transfer Review
  44. Western Union (WU) Money Transfer Review
  45. Xoom Money Transfer Review


Notify of
Most Voted
Newest Oldest
Inline Feedbacks
View all comments
2 years ago

I have had a very good experience with transferwiseand continue using them to this day
Also familiar with other companies on this list and they are all fair in their rates and provide useful service but from what I know transferwise is cheaper

aaaa bbbb
2 years ago

It was cheap and easy thank you