Top 10 Money Transfer Services - USA
Bank beating exchange rates
Transfer speed: 1-2 days
Instant cash pickup & airtime top-ups
Advertiser Disclosure
Advertiser Disclosure
|
Service
|
Features
|
Score
|
Transfer Money Now
|
||||
|---|---|---|---|---|---|---|---|
|
Great for large transfers
1
|
No fees on transfers over £/$/€250
Transfer speed: 1-2 hours
Bank beating exchange rates
International transfers to 130+ countries |
USD
 EUR
Low
USD
GBP
Low
USD
 INR
High
|
FCA, FinCen, ASIC
|
||||
|
Time to Open Account
A few minutes
Sending Options
Credit Card
Debit Card ACH Direct Debit (US Only) Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Money Transfer
Tracking
Live
Rates
Advanced
Currency Solutions
|
|||||||
|
2
|
A global expert team available 24/7
Transfer speed: 1-2 days
Pay & get paid with a global account |
USD
AUD
Low
USD
EUR
Low
USD
CAD
Low
|
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
|
|||||||
|
Ideal for transferring home
3
|
Minimum transfer: none
Instant cash pickup & airtime top-ups |
USD
INR
Low
USD
GHS
Low
USD
PHP
Low
|
FCA
|
||||
|
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
|
|||||||
|
4
|
Dedicated account manager for each £2K+ transfer
Batch payments in multiple currencies |
GBP
USD
Med
|
FCA, FinCen, FSCA
|
||||
|
Time to Open Account
A few minutes
Sending Options
Debit Card
Bank Account Receiving Options
Bank Account
Required Documents
ID, Proof of Address
Spot Contracts
& Forward Contracts
Rate
Alerts
5 Star
Trustpilot
|
|||||||
|
5
|
1st Transfer Bonus
Transfer speed: usually instant or same day |
USD
INR
Med
|
ASIC (AU)
|
||||
|
Time to Open Account
A few minutes
Sending Options
Debit/Credit Card
Wire Transfer Bank Account Mobile App Receiving Options
Debit/Credit Card
Wire Transfer Cash pickup Bank transfer Mobile money Required Documents
ID Proof, Proof of Address
Money Transfer
Tracking
SMS/email
Notification
Bonuses &
Rewards
|
|||||||
|
Best for transfers within USA
6
|
Fee-free overdraft up to $200
Over 60k fee-free ATMs |
USD
USD
Low
|
8.2
Review
|
FDIC
|
|||
|
Time to open account
2-minute signup
Sending Options
Credit/Debit Card
SpotMe Max transfer amount
$10k/day or $25k/month
Min transfer amount
none
Required Documents
ID, Proof of Address
24/7 Live Support
Credit Builder
SpotMe
|
|||||||
Latest Reviews
"After many hours of researching my best options for funding my daughter's overseas tuition, I went with XE.com and I am very satisfied with the cost being minimal and the process expedient."
Pros
- Fully regulated by the FCA, FinCen, ASIC, and FMA.
- $0 fees per transaction with highly competitive “mid-market” exchange rates
- Free accounts (personal & business)
- 139 currencies to over 220 countries and territories
- Instant and professional customer support 24/7
Cons
- Cheques and cash payments are not accepted
- Maximum transfer amount of US$500,000 (or currency equivalent)
"OFX are the best. I've used them for years, always efficient, reliable and the best rates to boot."
Pros
- Over 190 countries covered, more than 50 currencies exchanged
- Local receiving accounts set up quickly and free of charge
- No transfer fees and/ or commissions
- Secure and fully regulated in each of the covered jurisdictions
Cons
- No live chat support option
- Some solutions seem overly complicated
"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
- Flexible Payment Options: credit/debit cards, bank transfer and others
- Customer service available 24/7 in 6 different languages
Cons
- Not all countries are covered by WorldRemit services
- Transfer limit: max of $9k in 24 hours and $5k per transaction
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:
– FinCEN (Financial Crimes Enforcement Network), USA
– FCA (Financial Conduct Authority), UK
– ASIC (Australian Securities and Investments Commission)
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.
Transfers from the US
Safety
FinCEN, the main regulatory financial authority in the US, is responsible for monitoring activities of the US based financial services. It is highly recommended to use the services of a company registered and licensed by the FinCEN when making a money transfer from the US.
Ease of Onboarding
Most top-rated US based money transfer services offer a completely digital account opening and user-authorization process. Any required proof of ID documents can be supplied digitally, eliminating waiting times. With this option, new customers are able to complete the onboarding process online, in just a few minutes.
Fees and Rates
The US is at the center of the modern FinTech industry, hence you can find a lot of different money transfer services to choose from. This gives users the option to use a service that charges minimal or no transaction fees combined with fair mid-market exchange rates. You can save on average up to 8 times on rates & fees by using top services like XE instead of a high-street bank such as JPMorgan Chase.
