Top Money Transfer Services for Businesses - Sept. 2021

1
Transfer Fees: Low
Manage international payments
No Min/Max transfer amount
2
Transfer Fees: Low
Experts support
Multi-currency account
3
Transfer Fees: Low
Good for SMBs / Mass payment solutions
Personal customer service
4
Transfer Fees: Low
5
Transfer Fees: Med
6
Transfer Fees: Med
Service
Features
Charges
Score
Regulation
Transfer Money Now
1
Manage international payments
No Min/Max transfer amount
Market experts support
Bank beating exchange rates
EUR
-
GBP
Low
EUR
-
USD
Low
EUR
-
AUD
Low
FCA, FinCen, ASIC
Transfer Speed
0-2 Days
Sending Options
Credit Card
Debit Card
Bank Transfer
Receiving Options
Bank Transfer
Onboarding Simplicity
Simple
Mass
Payments
FX
Tools
Advanced
Currency Solutions
33,673 Reviews | Excellent
2
Experts support
Payments solutions for online sellers
Multi-currency account
EUR
-
GBP
Low
EUR
-
USD
Low
FCA
Transfer Speed
0-3 Days
Sending Options
Credit Card
Debit Card
Bank Transfer



Receiving Options
Bank Transfer
Onboarding Simplicity
Simple
Spot
Contracts
Currency
Wallets
Multiple
Payments
3
Tailored account for online sellers
Partner with an expert
EUR
-
GBP
Med
EUR
-
USD
Med
FCA, ASIC
Transfer Speed
0-3 Days
Sending options
Wire Transfer
Debit Card
Receiving Options
Bank Transfer
Onboarding Simplicity
Moderate
Mobile
Transfers
Best for
Ecommerce
24/7 Support
3,728 Reviews | Excellent
4
Good fit for online sellers
Multi-currency Account
EUR
-
GBP
Med
FCA, ASIC
Transfer Speed
0-3 Days
Sending Options
Wire transfer
Debit/credit card
Receiving Options
Bank Transfer
Onboarding Simplicity
Moderate
Sync
with Xero
Free
rate alert
Batch
Payments
1,872 Reviews | Very Good
5
Next-day transfers at low-margin rates
Repatriate profits & Invoice payments
EUR
-
GBP
Med
ASIC
6
Transparent online platform
Dedicated relationship manager
EUR
-
GBP
High
82 Review
FCA

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Top10moneytransfer.com is an independent professional comparison site that provides users with free and valuable information on leading money transfer services. Top10moneytransfer.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.

Latest Reviews

"Great service, easy to use and wonderful customer service. I would never use another company. They also offer great rates."

Pros

  • Fully regulated by the FCA, FinCen, ASIC and FMA.
  • Used by 33,000 individuals in 2000 businesses every year
  • £0 fees per transaction with highly competitive exchange rates
  • Free demo accounts for individuals and businesses

 

Cons

  • Some clients complain of inefficient money transfers to high risk countries like Russia
  • Since XE was taken over by Euronext Worldwide the platform is a little more complicated to use

"Great service from Jeanette, she was really helpful in guiding me through the process and allaying any concerns and queries I had. So simple and easy, will definitely use the service again."

Pros

  • No transfer fees or hidden charges
  • Over 210,000 active clients
  • £4.5bn transferred annually
  • Award-winning service
  • Transfer over the phone, online or via their app
  • 18 worldwide offices
  • 60+ currencies to choose from

Cons

  • Online transfer limit of £25,000 (or currency equivalent)
  • Works best for large transfers

"OFX are the best. I've used them for years, always efficient, reliable and the best rates to boot."

Pros

  • 197 countries covered, more than 50 currencies exchanged
  • Local collection accounts set up quickly and cost-free.
  • Better exchange rates than banks
  • No transfer fees/commissions
  • Secure, safe and fully regulated in every one of the covered jurisdictions
  • Suppliers and VAT invoices can be paid from the virtual collection accounts in the same currency

Cons

  • No Live Chat Support
  • Sometimes exchange rates aren’t obviously better
  • Somewhat cumbersome for those sending payments

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.