10 Best Money Transfer Companies Overall

 

10 Best Money Transfer Companies Overall

Let's take a tour through the 10 best international money transfer companies (with data updated for 2023). Learn About Fees When Transferring Funds Internationally.

At banks, your recipient may incur a receiving fee! Not to worry though; we only recommend transparent services that do not charge this type of fee. As we go through this list, keep this in mind; when making international money transfers two fees are typically charged:

Commission fee: An industry-standard sending fee that is charged for services provided. It may come either as a fixed price or as a percentage of transaction total.
Exchange rate margin: Some companies apply a weaker exchange rate than the mid-market rate and pocket this markup difference as profit.

#1 Remitly
Remitly is consistently one of the world's cheapest overall international money transfer companies, according to our 2022 data analysis. They boast an exceptional Monito score, showing their worthiness when it comes to security, customer satisfaction and speed of service delivery.

Remitly is available across Europe, North America, Singapore and Australia and makes for an excellent option when it comes to transfers for cash pickup, as its pricing offers attractive cash pickup pricing. 

#2 Wise
Wise is an outstanding money transfer solution for small to medium sized transactions worldwide. We especially recommend it.

Wise offers convenient service throughout Europe, the US, Singapore, Japan, Australia and New Zealand, making it the go-to solution for small to medium sized bank account transfers that travel overseas. Their pricing often makes Wise the best value option.

#3 Global66 Its Global66 provides an easy fee calculator that includes exchange rate margins to make understanding the costs of international money transfers easier for users. Furthermore, this platform boasts highly competitive fees and exchange rates from countries including Argentina, Chile, Colombia, Ecuador, Mexico, Peru Spain Brazil USA

Global66 was, on average, the best transfer service of 2022 for Mexico-US transfers, Columbia-Spain transfers and Columbia-US transfers.

4. Skrill Transferring funds via Skrill is fast, secure and user-friendly - the platform boasts stellar reviews on Trustpilot from satisfied customers and offers support for numerous countries and currencies - plus international transfers can be completed using both debit and credit cards, making this an accessible option.

Car hire can often be the ideal solution when transporting between Morocco and France, Germany and Ukraine, Saudi Arabia and India.

#5 Currencyfair

Currencyfair offers a clean and user-friendly web and mobile app interface for easy navigation. The platform allows users to select their desired transfer speed and cost, giving them the flexibility to choose the option that best suits their needs. Additionally, CurrencyFair boasts outstanding customer satisfaction rankings. For businesses, CurrencyFair has the added advantage of being integrated with Xero, making it a convenient choice for managing financial transactions.

Currencyfair has historically offered excellent rates for transfers from the United States to Canada, Poland to the United Kingdom, Germany to the United States, the United States to Spain, and the United States to Germany.

 

#6 TransferGo

TransferGo is known for consistently offering the cheapest rates on international money transfers, particularly to European countries. The platform offers a wide range of pay-in and pay-out options.

It is great for transfers from the UK to Poland and to the United States. It also specializes in transfers from Turkey to Ukraine, Turkey to the EU, and Poland to the UK.

 

#7 Instarem

Instarem is known for its overall good exchange rates and cheap fees. They also have a user-friendly platform; once your account is set up, you can easily navigate and use their service. Another advantage of using Instarem is that they offer quick transfers, which means your money can reach your recipient within a day.

It's excellent for transfers from India to the United States, Canada, or the United Kingdom. It's also been effective for US-to-Nigeria transfers and Canada-to-United States transfers, as well as from Australia and Singapore to India

 

 #8 XE Money Transfer
XE Money Transfer offers services across 130 countries and 100 currencies. Backed by Euronet Worldwide, users have peace of mind knowing their funds are secure; most transfers take place within one working day - making this platform immensely popular with users and earning many glowing customer reviews.

XE Money Transfer is highly cost-effective when it comes to international money transfers from either the USA or UK into India, as well as being ideal for the popular corridor between these two nations and Poland.

 

#9 WorldRemit

WorldRemit's international money transfer service boasts a wide coverage, reaching countries that other providers may not. They have a vast network of cash pickup locations for added convenience for recipients. The platform offers a variety of options for sending and receiving money such as bank transfers, cash pickups, mobile money and airtime top-ups. Ease of use and customer satisfaction are strong points of WorldRemit. They also have a dedicated customer support team available to assist users with their transactions.

WorldRemit will be your best choice if you are sending bank transfers or cash internationally from Japan to the Philippines, Malaysia to Indonesia, South Africa to Nigeria, France to Morocco, Malaysia to India, and Malaysia to the Philippines.

 

 

 

#10 Small World
With presence across most of Europe/EEA/UK/US and Brazil, Small World provides users with a convenient option for sending money to cash pickup locations - particularly South America, Asia and Africa where the service has an expansive network.