Top 10 Money Transfer Services
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Service
|
Features
|
Score
|
Transfer Money Now
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1
|
Low fees, best rates for small transfers
Numerous cash pick-up collection points
Transfer directly to mobile money accounts
No minimum transfer amount |
EUR
-
PHP
Low
EUR
-
NGN
Low
EUR
-
INR
Low
|
FCA
|
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|
Time to Open Account
A few minutes
Sending Options
Bank Account
Mobile App Receiving Options
Cash pickup
Bank transfer Mobile money Airtime top up Door-to-door Required Documents
ID Documentation, Proof of Address
Mobile/App
Transfers
Social Media
Support
SMS/email
Notification
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|
2
|
Instant card-to-card transfers
Send money to 90+ countries
Low fixed fees - $2 |
EUR
-
BYN
Low
EUR
-
PLN
Low
|
FCA
|
||||
|
Time to Open Account
A few minutes
Sending Options
Credit/Debit card
Bank account Receiving Options
Credit/Debit card
Bank account Required Documents
Passport/ID/Driver’s Licence, Proof of address
No documents required for transfers under €1000/£800 Mobile/App
Transfers
24/7 Customer
Support
Instant
Delivery
|
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|
3
|
300,000 cash pick-up locations
Good for sending money home |
EUR
-
PHP
Low
EUR
-
INR
Low
|
FCA
|
||||
|
Time to Open Account
A few minutes
Sending Options
Bank Account
Mobile App Receiving Options
Cash pickup
Bank transfer Mobile money Required Documents
ID Documentation, Proof of Address
Mobile
Transfer
Payment
Tracking
Cash Pick-Up
|
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|
4
|
Free international transfers
Pay suppliers and taxes in a local currency |
EUR
-
INR
Med
|
FCA, ASIC
|
||||
|
Time to Open Account
A few minutes
Sending options
Wire Transfer
Debit Card Receiving Options
Bank Account
Required Documents
ID Card, Proof of Address
Local Account
Solutions
Mobile
Transfers
Locked-in
Exchange Rates
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|
5
|
Saving you up to 4% compared to high street banks
Longstanding FX provider since 1979 |
EUR
-
USD
Med
|
FCA, ASIC
|
||||
|
6
|
Bank-beating exchange rates
Same-day transfer available |
EUR
-
INR
Med
|
ASIC, CBI
|
||||
|
7
|
Option of 30 minutes delivery
High security standards |
EUR
-
INR
High
|
80
Review
|
FCA
|
|||
|
8
|
No minimum transfer amount
Good customer service |
EUR
-
PHP
High
|
FCA
|
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Advertiser Disclosure
Latest Reviews
"Fast and efficient service, I have full confidence in WorldRemit and make the transfer of funds so easy."
Pros
- Low costs incurred in transferring funds
- Friend referral bonuses available to clients
- Fully licensed and regulated by the FCA of the UK
- Multiple options are available to pay for transfers including credit cards, debit cards, prepaid cards, e-wallets and others
Cons
- A little difficult to find information on exchange rates before you transfer funds
- Transfer amounts are limited
- Not all countries are covered by WorldRemit services
- Customer service options are limited
"The speed of remittance is very fast, and the remittance fee is also very favorable. Hope more people will use this money transfer software"
Pros
- Paysend is cost-effective with fixed fees for sending any amount of money ($2, €1.5, £1), at mid-market rates
- Paysend is operational across 80+ countries globally, with several options for sending money abroad
- Paysend is really easy to use, thanks to a user-friendly onboarding process
- Lots of useful information available to customers on dedicated social media pages on YouTube, Facebook, Instagram, and LinkedIn.
Cons
- Paysend USA was non operational at the time of the review
- Paysend customer support options can take a few minutes to respond
- Once you incorrectly click send, you cannot cancel the transaction (but Paysend will try to help)
"I used Azimo for first time, and I'm really impressed due the fast and efficient service."
Pros
- FCA regulated
- Friend referral bonus
- Competitive rates and low fees
- Service to dozens of countries around the world
- User-friendly interface and customer-centric focus
- The company donates 10% of its annual profits to charitable organizations
Cons
- Limited coverage
- Customer service options are limited
- Doesn’t work for US residents
How to Compare Money Transfer Services
Top10MoneyTransfer recommends checking the following features when comparing online money transfer companies so you can find the best provider for your international transfer.
Safety
Check your chosen money transfer provider is regulated by a government authority, to ensure your money is safe & protected when transferred. The main regulators include:
– FCA (Financial Conduct Authority), UK
– ASIC (Australian Securities and Investments Commission)
– FinCEN (Financial Crimes Enforcement Network), USA
Fees & Rates
Some money transfer services charge a fixed transaction fee, others take a percentage of the transfer sum, while some services waive the transfer fee completely. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully. Consider the above to find the most cost-effective solution for your transfer.
Customer Support
Check the customer support channels available are convenient for you. These generally include email, online chat, phone or online ticketing system. In addition, some money transfer services provide a personal account manager to assist with special transactions and important tasks. Try checking this beforehand, to avoid stress when you need help.
Sending & Receiving Options
It’s important to confirm the sending options offered by your preferred money transfer provider are convenient for you. You should also ensure that your recipient is able to easily collect the money sent. Common sending options include bank transfer or credit card. Common receiving options include bank transfer and cash pickup.
Transfer Amounts
Another important element to consider is the amount of money you wish to transfer. Some services offer better features and benefits for large transfer amounts or business transfers, while others better handle small transfer amounts or cash transfers. Use our comparison table to determine which provider best suits your money transfer needs.