Top 10 Online Remittance Services - Nov. 2018

Compare top 10 remittance services online & send money home in minutes!

I want to Send Money to:
1
Transfer Fees: Med
96
Users Score
2
Transfer Fees: Low
91
Users Score
3
Transfer Fees: Low
89
Users Score
4
Transfer Fees: Low
85
Users Score
5
Transfer Fees: Med
80
Users Score
6
Transfer Fees: Med
77
Users Score
7
Transfer Fees: Med
74
Users Score
8
Transfer Fees: High
71
Users Score
9
Transfer Fees: High
70
Users Score
10
Transfer Fees: High
68
Users Score
Service
Regulation
Delivery Speed
Delivery Methods
Transfer Fee
Score
Transfer Money Now
1
FMA
Instant
  • Direct to Bank
  • Cash pick-up
Med
* Transfer tracking available
Main Services: International money transfers, cash pickup, remittance services, mobile transfers
Transfer Objective: One time/Recurrent
Transfer Method: Bank transfer, Phone/App, debit or credit card, cash pick-up
Min Transfer Amount: £0.01
Available in:
Extra Features:
- Locked-in exchange rates
- 145+ years of experience in moving money
- Tracking options for transfers online
- 0-3 days of delivery (depends on destination)

Time to open Account: Few minutes
2
FCA
2-5 hours
  • Direct to Bank
  • Cash pick-up
  • Mobile Transfer
Low
Main Services: Send money online, bank transfers, telephone transfers. Send money to family and friends, emigrate, buy a property overseas or make regular maintenance payments.
Transfer Objective: one off/regular transfers
Transfer Method: Electronic bank transfer, UK debit card, UK direct debit
Min Transfer Amount: £100
Available in:
Extra Features:
- Free transfer fees
- Free to open an account
- Transfers by phone, online or App
- Safeguarded customer funds
- Longstanding FX provider since 1979
Time to open Account: Few minutes
3
FCA
1-2 hours
  • Cash pick-up
  • Direct to Bank
  • SWIFT
  • Mobile Transfer
Low
Main Services: International money transfers, send money to family or friends, send money online, mobile app transfers
Transfer Objective: One time/Recurrent
Transfer Method: Bank transfer, Phone/App, debit or credit card, cash pick-up and more.
Min Transfer Amount: $15
Available in:
Extra Features:
- Ria exist in more than 140 countries and over 300K locations.
- Easy & safe to send and receive money.
- Useful for cash pickup almost everywhere.
Time to open Account: Few hours
4
FCA, ASIC
Up to 24h
  • Direct to Bank
  • Cash pick-up
  • Mobile top-up
Low
5
FCA, HMRC
Up to 24h
  • Direct to Bank
  • Cash pick-up
Med
6
FCA
More than 48h
  • Direct to Bank
Med
7
FCA
Up to 24h
  • Direct to Bank
  • SWIFT
  • Mobile Transfer
Med
8
FCA
More than 48h
  • Direct to Bank
  • Mobile Transfer
High
71
9
FCA
Up to 24h
  • Mobile Transfer
  • Mobile Wallet
  • Mobile top-up
High
10
FCA
24-48h
  • Cash pick-up
  • Direct to Bank
High
68

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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.

Frequently Asked Questions

One of the first things that you need to do when considering an international money transfer is to make a research of the providers, including exchange rates, speed of transfer, and credibility of the companies which you are considering.

Follow the link to get the main checklist on how to compare. 

 

   
   
   
   
  • Bank transfers. Many major banks can safely wire your funds. Banks rely on existing links between banks and banking systems worldwide. However, a downside is the frustratingly high fees and weaker exchange rates you’ll typically receive.
  • Online money transfer services. Companies like TransferWise and WorldRemit make international money transfers easy. They offer more affordable transfers than banks do, allowing you to quickly and easily manage your transactions from home. With competitive exchange rates and lower fees, you can send funds from your bank account, a credit or a debit card.
  • Providers with cash pickup. Trusted providers like Western Union, MoneyGram, and Ria offer the option of cash pickups from thousands of agent locations in most of the countries. They offer the key advantage of giving your recipient fast access to the cash you send — sometimes within minutes.

In most cases you will need a valid I.D. presented at some point. In some cases the recipient personal data might be required as well. Please check the local regulations of the sending location & agent.

If sending to a bank account, you also need your recipient’s bank name and account number.

If sending to a mobile wallet, you also need your recipient’s mobile number with international dial code.

The limit per one transfer may vary depending on the conditions of the provider that you are using. For example, the maximum amount per transaction through Western Union is USD $5,000. Many providers have a minimum limit per one operation as well. Local country laws may further limit payment amounts.

Local country laws may limit payment amounts, delivery methods and the receiving person . See locations for country restrictions & check the specific conditions fitting your case. There could be a limited amount per year per person for tax-free transactions, which once exceeded, is a subject of taxation for the sender. Please check the local regulations of the sending location.

Depending on the type of remittance and the provider you are using, the transfer could be available to your recipient anywhere between few minutes and few days. Please check the specific conditions fitting your case. The process of receiving a money transfer will vary by provider and delivery method. In general, your recipient will provide ID or a confirmation number for the transaction to receive your funds. If your recipient owns an account with an local bank or money transfer company, they may not need to provide this information each time you send money.

Most of the financial institutions have online tools on their website that allow you to track the money transfer. If you have carried out the money transfer via a bank, you can track your transaction by the tracking number and beneficiary’s account no. on the bank’s website.
When you send money via services like Xoom, Western Union, or MoneyGram, both you & your receiver can always track your transfer from the account on their website. Some of these institutions even provide updates via email and SMS where the sender and the receiver can keep a check on the status. A few companies like Xoom have mobile apps that enable customers to check the status of transfer on their mobile devices.

For the most cases, the answer is no. See locations for additional country restrictions & check the specific conditions fitting your case.

Your recipient could be on the hook for a gift tax as regulated by the local laws.
In general, if your recipient is a “blood relative” — including, siblings or in-laws — they do not pay tax on any amount that you send. Your recipient also won’t pay tax on any money sent as part of an inheritance or a wedding gift.
However, if your recipient is not related to you, any amount over specific summ that you send is taxable and must be declared as income. See locations for additional country restrictions & check the specific conditions fitting your case.

When you’re sending money overseas, in many cases you’ll need to convert the funds you send into local currency. But the provider or agent will convert the currency anyway, so you don’t have to deal with it yourself. Generally, Agent locations only accept cash in local currency. The receiver will usually be paid out or in local currency only, or will have the choice between the local currency and US dollar. Please check the local regulations and your chosen provider conditions.