Service |
Score |
Support |
Transfer Money Now | ||||
|---|---|---|---|---|---|---|---|
1  | ASIC, CBI | 0-2 Days | EUR GBP Low EUR AUD Low | First 5 transfers are free with Top10MoneyTransfer.com Great exchange rates & option to choose your own rate |     | ||
Time to Open Account A few minutes Sending Options Bank transfer Mobile app Debit cards Receiving Options Bank account only Required Documents Passport/ID/Driver’s Licence, Proof of address (eKYC) Mobile Transfer Phone Support Payment Tracking | |||||||
2  | FinCen | 0-3 Days | EUR INR Low EUR GBP Low | Cash pick-up collection points in minutes Instant transfers to mobile money accounts |   | ||
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 | |||||||
3  | FinCen | 0-2 Days | EUR GBP Low EUR USD Med | No transfer fees Widely trusted currency authority | | ||
Time to Open Account A few minutes Sending Options Credit Card Debit Card Bank Account Receiving Options Bank Account Required Documents ID, Proof of Address Mobile Transfer Phone Support Advanced Currency Solutions | |||||||
4  | FinCen | 1-2 Days | EUR GBP Med | Good fit for online sellers 7 local currency accounts |  | ||
5  | FinCEN | 1-2 Days | EUR GBP Med | Trusted worldwide since 1998 Zero transfer fees | | ||
6  | FinCEN | 0-3 Days | EUR GBP Med | Transfer money via app, online or phone Segregated accounts for customers | | ||
7  | FCA (UK) | 0-2 Days | EUR GBP High | Dedicated private/corporate window Portfolio includes spot transactions | | ||
8  | ASIC (AU) | 0-2 Days | AUD INR High | 1st Transfer Bonus Zero-Margin FX Rates | | ||
Advertiser Disclosure
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
"I've used it for a few years and it's always been very easy, quick and reliable. Rates are very competitive. Definitely recommend."
Greg Anguise - November 8, 2018
Pros
- ASIC and AFS regulated
- Free to register
- Reliable customer service
- Average commission of just 0.35%
Cons
- Certain countries are excluded from using the service
"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."
Brenda - October 24, 2018
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)
- 170+ countries and 60+ currencies available
- Instant and professional customer support 24/7
Cons
- Cheques and cash payments are not accepted
- Maximum transfer amount of $500,000
"Fast and efficient service, I have full confidence in WorldFirst and make the transfer of funds so easy."
Vanja J Ingold - July 15, 2018
Pros
- Free account
- No transfer fees for personal and online seller accounts
- Bank-beating exchange rates
- Local receiving accounts
- Excellent support
- Fully regulated & licensed
- Safe and secure money transfers
Cons
- Slower transfers for specific locations (mostly South America)
- Additional inquiry necessary for info on destination countries and supported currencies
How To Compare Money Transfer Services
Top10moneytransfer uses the following checklist of important things to take into consideration when comparing the different services before making an international money transfer.
- Safety. The money transfer industry is a highly regulated field, with multiple regulatory agencies and authorities issuing licenses to money transfer companies, including FCA (Financial Conduct Authority), UK, ASIC (Australian Securities and Investments Commission), FinCEN (Financial Crimes Enforcement Network), USA.
There are many more regulatory agencies besides these three examples, and all of them serve the same purpose: to prevent companies from taking advantage of trusting consumers. Make sure to examine the regulation of the chosen service.
- Fees & rates. Some services charge customers a fixed transaction fee, others take a percentage of the transfer sum, and there are also services that waive the transaction fee completely. Explore the breakdown of fees thoroughly to choose the most cost-effective solution. The conversion rate is another money-maker for many services and as such poses yet another crucial pricing component to examine carefully.
- Customer support. Before clicking on “Send Money”, ask yourself if the customer support is available by phone 24/7 in the event you’re in need of urgent assistance. In addition, some 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. Your goal is to ensure that your recipient is able to easily collect the money sent. Depending on the available sending and receiving locations and the provided services, options will vary. Sometimes a cash pickup is available, sometimes you need to transfer the funds to the recipient’s bank account. Other money transfer services use their own virtual accounts for money transfers. Check the options before sending your money.
- Transfer amounts. Some services are specifically designed and offer serious benefits for large transfer amounts or business transactions, while others better handle small cash transfers. In this case, use our comparison table to determine what suits you best.