Best Online Money Transfer Websites & Platforms

The best online money transfer websites as rated by

Selection made from 70+money transfer companies, of which 57 boast an online money transfer platform.

Our requirements are as follows:

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

 Best Online Money Transfer Services 2022

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?
  • OFX is 100% Safe - Large Well Known, Publicly Traded, Corporation with Offices Worldwide
  • Best Overall Onilne Platform - Comfortable, Reliable, No Transfer Fees, Excellent Exchange Rates, Functional App
  • Deals with 100+ Currencies and Able to Onboard Customers of All Sizes from Most Countries
+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 private customers)

UK Best Multi-Currency Account for Online Sellers
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 to a local bank account (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 to a recipient bank account 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”.

What you need to do as a DIY user is make sure you have the recipient’s correct account details and fill the transfer form without any typos. Other than knowing your recepient’s bank account number, you may need to provide details on the nature of the transaction – similarly to what a bank would require of you, as per electronic money regulations in the UK.

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.


How much can I save in money transfer fees – provider vs bank

The biggest question no doubt about choosing an online money transfer provider would be that of costs. Individuals and businesses are trying to save money “wasted” in unnecessary fees. View our online money transfer calculator below:

Interbank Rate:
Interbank X Amount:
Bank Wire Fees:
OFX Wire Fees:
Bank Rate:
OFX Rate:
You Get With Bank:
You Get with OFX:

Disclaimers and such:

  1. Interbank rates used by this calculator were obtained through a third party service. This service can be delayed, inaccurate or unavailable and we do not assume responsibility if some some reason the current interbank rates are not correct.
  2. OFX rates were done through sampling the rates offered for an individual using the OFX system; we applied their fees (which are always $0) and the spreads to the current interbank rate. These are purely indicative rates and you would only know the actual bottom-line trade after you have signed up with them and received a quote from them. Neither MoneyTransferComparison nor OFX commits to transact at the rate displayed. With that being said, these rates should be around accurate.
  3. Bank rates and fees were done through extensive sampling and applying the fees and rates based on currency pairings to the current interbank rates. Your bank may have better or worse rates than the ones displayed. We recommend that while using this money transfer fee calculator you would log into your bank’s website and see how much currency you are getting for your currency from them.
  4. Hence, saving displayed is purely indicative.

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 to transfer money abroad online 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.

If we recommended a money transmitter for transferring money online to a receiver’s account abroad, it means we believe it’s a reliable service, but we recommend you will carefully compare the options at hand. At MoneyTransferComparison, we have more than 70 reviews of remittances providers, currency brokers and online money transfer sites, so you can get further information about the transaction condition with each of the leading money transfer services in the UK and globally.

Transferring money online from multiple countries

Many of our visitors are looking specifically to transfer money from UK or to UK, as well as transfer money from USA, from Canada or from South Africa. Majority of online money transfers are from UK to Europe, USA to Europe, Canada to USA and UK to USA. Popular inbound transfer routes into UK include the following: transferring money from USA to UK, from Spain to UK, from France to UK, from Italy to UK, from Portugal to UK or from Germany to UK.

The online money transfer systems on this page cover all of the above in addition to a multitude of countries and currencies.

International Online Money Transfer – Exchange Rates

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? How to Send Money Online with a Non-Bank?

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 (to a local bank account in local currency)
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.

Funding your online transfer through a money transmitter is impossible via direct debit like a bank would do for its customers.

There are no associated interest charges or additional fees to funding your transfer, other than approximately 1-2% on debit card funded money transfers.


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:

Mobile Wallet – Virtual Bank Account Number Abroad

With several selected online money transfer platforms such as OFX, Moneycorp WorldFirst (business only) or OFX, you can opt for a virtual bank account abroad denominated in one of 10 different destination countries and currencies. One you receive such a virtual bank account abroad, you could receive money in foreign currency through a domestic wire transfer and then move the funds back to your bank account. It’s as easy as transferring the money only in this scenario you will be providing bank account information, rather than filling someone else’s bank account information.

To read more about this functionality go to our guide about the best multicurrency accounts in UK. You can also read about eWallets for international payments and PayPal’s international payments fees using these two links.

Digital Wallet Use On The Up

According to a recent report by WorldPay, digital wallets accounted for 48.6% of all e-commerce transactions in 2021, facilitating over $2.6 trillion in online purchases. Use of digital wallets is projected to rise to 52.5% of transaction value in 2025. Growth is expected to be driven by digital wallets offering superior checkout solutions and flexibility in their underlying payment methods. Bank transfers accounted for a smaller 7.4% share of global e-com transaction value in 2021 but bank transfers are most often used for high-value purchases. For example, when buying a property overseas, this would not be regarded as an ‘e-com transaction’ but the buyer would most likely fund the deal via bank transfer.

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. With each of the companies and service provider below, you can send money online to a bank account abroad. With the majority of these providers who wish to stay competitive, international money transfer fees will include the cost of transfer and currency exchange with no hidden fees of any sort.

  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


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3 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
3 years ago

It was cheap and easy thank you

3 years ago

Which companies have “no flat wire fees” as advertised?

Luis A Luciani
2 years ago

Which Money Transfer Co offers Business Accounts for companies registered in Costa Rica and Panama?

Daphne 1999
1 year ago

Do all currency brokers have an online system? I know XE has one because I’ve used them before.

1 year ago


Do you know VertoFX money transfer?
I want to transfer funds to the US and wondered if it is regulated there.
Do you have a review on I couldn’t find it…

1 year ago

I am using both Transferwise and Revolut to transfer money abroad on a monthly basis, and I must say I had much better experience with Transferwise – very intuitive online platform. I read both reviews on the site and agree with what you suggest.

1 year ago< is e-currency and crypto-currency exchanger. with transferwise
we sell /buy and exchange Perfect Money to Indian rupee(INR), Payeer,SEPA/EU Bank Transfer.
We providing Crypto-currency to Bank Transfer lowest fee on the market.
Our Banking services SEPA/EU bank transfer(EUR), Indian rupee(INR), Malaysian ringgit(MYR), 
Indonesian rupiah(IDR), Thai baht(THB), Vietnamese dong(VND), Sri Lankan rupee (LKR)

Last edited 1 year ago by PinaRemit
7 months ago

I see people recommending Wise and yes, it is a good solution for small transfers. But once you need to make transfers over 5000 euros, Currencies Direct will assign you a person to help you out.. I am using Currencies Direct for more than 2 years and I would never go to a competitor.

Malya Segers
7 months ago

How long does it take to transfer money abroad? I’ve read a bunch of different time frames on different sites. So, in my case (from Belgium to France), can it be sent on the same day? Or at least the next day?

6 months ago

I am a Brit based in Sweden and I’ve tried to use several of these companies. I felt OFX is a little outdated, and that Currencies Direct immediately called me on my phone when I signed up which I did not like, Wise was really good for my needs. I actually only use my credit card to make small transfers and it’s not as cheap as “fund your account through bank transfer” option but its easy and better than what I used before.

4 months ago

Can you receive money with money transfer platforms? For example Euro payments to UK bank account?

4 months ago

I used to use worldfirst for online money transfer to international bank accounts but they have shut down my account and that was a little traumatic. what promise do I have that the next one I sign up with won’t shut down?