Top 10 Money Transfer Services - USA - Oct. 2018

Compare Top Money Transfer Services For Sending Money Out Of The US

1
Transfer Fees: Low
98
Users Score
2
Transfer Fees: Low
95
Users Score
3
Transfer Fees: Low
92
Users Score
4
Transfer Fees: Low
88
Users Score
5
Transfer Fees: Med
84
Users Score
6
Transfer Fees: Med
82
Users Score
7
Transfer Fees: High
80
Users Score
8
Transfer Fees: High
78
Users Score
Service
Regulation
Speed
Fees
Score
Key
Features
Support
Transfer Money Now
1
FinCen, FCA, ASIC
1-2 Days
Transfer Fees:
Low
Exchange Rate:
Low
No transfer fees
Widely trusted currency authority
Main Services: Send money to family or friends, pay bills, repeat payments, international invoices, business payments
Transfer Objective: One time/Recurrent/ Forward Contracts/Market Orders
Transfer Method: Wire transfer, Debit/credit card
Min Transfer Amount: £50
Available in:
Extra Features:
- Track payments via SMS and email
- XE app – downloaded by 55 million
- Over $250 billion transferred in 127 countries
Time to open Account: Few minutes
Website: www.xe.com
2
FCA, FMA, ASIC
1-2 Days
Transfer Fees:
Low
Exchange Rate:
Low
#1 Bank-beating exchange rates
Owned by Euronet Worldwide (Nasdaq)
Main Services: Send money to family or friends, pay bills, moving abroad, repeat payments, international invoices, living expenses
Transfer Objective: One time/Recurrent
Transfer Method: Wire transfer/Phone/App/Debit or credit card /Electronic transfer (BACS/CHAPS)/SEPA payments
Min Transfer Amount: £50
Available in:
Extra Features:
- No fees
- It's free to open an account
- No monthly charges
Time to open Account: Few Minutes
Website: www.hifx.com
3
FCA, FinCen, ASIC
0-2 Days
Transfer Fees:
Low
Exchange Rate:
Low
No hidden fees
Award-winning customer service
Main Services: - Send money from bank account or card
- Sending home overseas earnings
- Business transfers
- Online seller transfers - local currency accounts in GBP, EUR, USD, CAD, AUD and JPY

Transfer Objective: One time/recurrent
Transfer Method: Wire transfer/Debit or credit card
Min Transfer Amount: £250 (online) or £1,000 (phone)
Available in:
Extra Features:
- Local currency accounts
- Super-fast transfers
- Unique market analysis
Time to open Account: Few minutes
4
FCA, FinCEN
1-2 Days
Transfer Fees:
Low
Exchange Rate:
Med
Zero transfer fees
Trusted globally since 1998
5
FCA
0-3 Days
Transfer Fees:
Med
Exchange Rate:
Med
The app is very useful
Good customer service
6
FCA (UK)
2-3 Days
Transfer Fees:
Med
Exchange Rate:
Med
Dedicated private/corporate window
Portfolio includes spot transactions
7
FCA
1-2 Days
Transfer Fees:
High
Exchange Rate:
High
Send money abroad using a mobile number
Cash pickup exist in some countries
8
FCA (UK)
1-2 Days
Transfer Fees:
High
Exchange Rate:
High
Tailored to individual needs including lock in rates
Currency cards and travel cash

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Latest Reviews

"Easy to set up an account for immediate use, the rates were much better than a similar service in my bank"

Published on Trustpilot on August 9th 2018

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

"Fast and efficient service, I have full confidence in WorldFirst and make the transfer of funds so easy."

Published on Trustpilot on July 15th 2018

Pros

  • No transfer fees in UK
  • Better exchange rates than banks
  • Local receiving accounts
  • Good support
  • Fully regulated
  • Safe and secure money transfers

Cons

  • One has to actually call for specifics on countries where money can be sent and on supported currencies.
  • Not exactly hassle-free for those sending the money
  • The cost-advantages wane in the case of smaller sums
  • A minimum of £1,000

"Fast and efficient service, I have full confidence in WorldFirst and make the transfer of funds so easy."

Published on Trustpilot on August 10th 2018

Pros

  • ASIC and AFS regulated
  • Free to register
  • Reliable customer service
  • Average commission of just 0.35%

Cons

  • Platform usability is not excellent
  • Details of withdrawal fees are not easily found
  • Certain countries are excluded from using the service