20 May

12 Best Money Transfer Sites (All You Need to Know!)

When it comes to dealing with a money transfer, especially internationally, it can be hard to know where to turn to. If you are in a position whereby you find it hard to manage your money and transfer it safely, this guide should offer you a pretty easy place to begin.

Dealing with the transfer of cash from A to B should be simple enough in the modern world. With everything interconnected, the transfer of your funds should be an easy transaction.

 

12 Best Money Transfer Sites – Trusted Comparison and Reviews

 

1. XE
2. Wise
3. Currencies direct
4. OFX
5. Instarem
6. CitiBank
7. WorldRemit
8. TorFX
9. SEND
10. World First
11. Currency Fair
12. Western Union

 

Like most things in life that “should” be simple, though, handling a money transfer can be much harder than you assume!

 

Top 12 best money transfer sites today

If you want to make a quick start on handling a money transfer, then you might want to look into the following companies. Each one provides a useful, effective service that should make it easy for you to manage your money transfer needs on a daily basis. Some of the best places to start when it comes to finding a reliable money transfer platform, then, are the following websites:

 

1.     XE, Money Transfer

Without a doubt, XE has become one of the go-to choices for people looking to send cash online to others. A money transfer with XE will cost you around 0.5-2% depending on the currency being transferred and other factors. In terms of fees, that’s a pretty good deal. The only real negative with XE is they do not support card payments, and the exchange rate markup can creep up quite steadily over time.

However, with transfers to over 170 countries worldwide, they do make a pretty good starting place.

 

2.     Wise, Money Transfer

As one of the biggest names in the industry, though, Wise makes a lot of sense to try out. They are known for having a solid long-term history in the money transfer industry. However, even though they give you guaranteed rates for up to 48 hours, and they give you rapid transfer times, they do have some limits.

For example, larger transactions can be harder to send over this medium, and they also don’t provide cash pickup options. With zero hidden fees and affordable transfer rates of around 0.5%, they make a good place to start.

 

3.     CurrenciesDirect, Money Transfer

If you are in the UK, you might wish to look into this platform. It has become a well-recommended choice and is an award-winning service for money transfers in the UK. They are known for having very fair exchange rates, and for providing you with NO extra fees attached to your transfer.

They also allow for easy movement of funds and are backed up with a solid customer service platform that offers great information and advice. The only real negative with this, though, is that some currencies – particularly currencies in Africa – are not currently supported.

 

4.     OFX, Money transfer

If you are on the lookout for a quality website that can manage your transfers, then take a look at OFX. With over 55 currencies supported and over 190 nations available, this is a great online platform. However, while they removed all flat fees, instead of making their money on the currency exchange rates provided, some receiving/intermediary banks can charge a transaction fee.

However, with wonderful customer support and better-than-bank rates, you can get a lot of value out of using OFX as your chosen platform. However, please note they have a minimum transfer rate of $1000USD, so keep that in mind.

 

5.     InstaRem, Money Transfer

If you need to send your funds ASAP, you will find that InstaRem is a pretty good place, to begin with. They do have maximum transfer sizes which can make it hard to send, but they don’t have a minimum amount. Please note though that they don’t have fixed transfer fees, so the price can balloon if you are sending one particular sum to one particular part of the world.

With competitive rates in general, though, they should give you a better deal than you get with the banks – even with the fees attached. Please note, though, they don’t work with digital wallets or foreign currency accounts.

 

6.     CitiBank, Money Transfer

If you are intending to keep your money transfer through a bank, though, CitiBank is one of the best places to start out with. The fixed fee of $25 can be excessive for smaller deals, but larger transfers can make this seem like a pittance.

If you are sending a fair amount of money from A to B, then CitiBank should make the process a bit easier due to the cheap fees. However, please note that you can be waiting for as long as five working days for your transfer to complete.

 

7.     WorldRemit, Money Transfer

Another popular money transfer service is MoneyRemit. This has become popular for many users, offering access to over 150 nations. However, they come with a confusing fee structure that needs some real time spent investigating what you will really pay. They also tend to have some of the highest exchange rate markups compared to the competitors listed above.

However, with 90% of transfers approved on the same day, even within the hour, they are one of the best options for rapid transfer. In an emergency, WorldRemit offers you the chance to send your money in one of 90 different currencies, with exchange rate markups of around 1-1.5%.

 

8.     TorFX, Money Transfer

When you need to manage money transfers internationally and want lots of support, TorFX is a good place, to begin. They have a solid and secure online system for managing your money and can give you great customer support. You can also transfer money using anything from credit cards to bank transfers. Fees do tend to jump around, though, as opposed to offering flat fee rates or markups.

However, they are a company with award-winning customer service and also has a long history of operation, giving them extra legitimacy.

 

9.     SEND, Money Transfer

Australian-based company SEND make a good choice for just about anyone. They offer free account creation and very secure payment processing with 24/7 access. With same-day transfers and localised support teams, too, they remove the challenge of managing the process of sending money.

They are rated as one of the top names for money transfer in Australia and can be useful for anyone managing their money online. With no fees attached, the only thing to watch out for is the currency conversion markups. The only real negative is the fact they don’t accept debit or credit cards as payment methods.

 

10.  WorldFirst, Money Transfer

If your aim is to get a good deal, then consider WorldFirst. They have been around since 2004, with this UK-based branch providing 24/7 support, same-day transfers, and access to debit and credit cards. What’s better? They also provide you with no transfer fees, and over 180 currencies to pick from. They are seen as a legitimate force within the industry, with over 15 years of safe, secure presence.

However, please note that transferring to someone who is not a WorldFirst customer can cost you a fee, and you are limited to a monthly send limit.

 

11.  CurrencyFair, Money Transfer

This particular platform is capable of sending money to over 200 nations, and provides you with the chance to make transfers to things like cryptocurrency firms – many money transfer companies do not allow this. You can also send and receive cash through the provided mobile app, which can be very useful in the long run.

However, they have pretty high transfer fees attached and the exchange rate system they use can be somewhat confusing. These tend to jump and change, with no flat fees so you need to do a lot of reading to find out what you’ll pay.

 

12.  Western Union, Money Transfer

From our earliest beginnings, Western Union has put technology to work connecting people. As technology has advanced, so have we—but always with our focus on connecting people with the places and loved ones that matter most to them, in good times and bad.

Quick and easy signup
It’s easy to register and start sending money reliably.

Track your transfer
Easily track your transfer online and with our app using the MTCN.

Pay the way you like
Pay using your bank account, credit/debit card2, or cash.

 

 

So, which money transfer platform will you try first? Each platform above can offer some excellent services for easy money transfer. Just be sure to read into the terms and the costs; not every platform provides flat fees, though, so always read into what you will pay in full.

 

Which website is best for money transfer?

As listed above, you have quite a few pages to pick from in terms of websites for money transfers. As ever, though, it comes down to what you want to send, when you want to send it, and how much you wish to pay.

Some sites offer near-instant sending off your money, with larger fees attached to the full cost. That can be problematic for some, so just be sure that you are happy with the amount that you are being asked to pay.

You should always look to do some research into each company and find out if they are right for you. Our above list of the best money transfer sites can give you a good place to start. However, you should always look to evaluate the offer, the limits, and the fees which are involved.

With a bit of patience, you can usually find a platform that is going to be just right for you. Just be sure not to simply use the first service you look at because you might find a more suitable service. To start off with, though, check out all of the above pages and you can find some great information within.

 

What’s the best way to send money to Nigeria?

If you are going to send any kind of currency to Nigeria, then you naturally need to find a platform that can do so. You need to find a specialist provider because many of the big platforms will not manage a transfer to Nigeria.

So, you should always look to investigate the best platforms for sending money to Nigeria. Typically, we recommend you look into Wise, MoneyGram, or WorldRemit. All three provide you with the means to send your sums to Nigeria without having to waste time.

You should always ensure that you are happy with the associated costs involved, though. Sending money to Nigeria is a challenging process due to the currency that is used. Many of the big-money transfer platforms will not provide this as a currency they consider.

As such, you should look to try and send money to Nigeria using one of the three platforms listed above.

Each one provides access to money transfer to Nigeria, but they can also provide additional support and services. The three listed are also large, reputable platforms that have a long history within the industry.

So, if you want to send money to Nigeria, try out WorldRemit, MoneyGram, and/or Wise.

 

What is the cheapest way to transfer money internationally from Australia?

The costs of sending money to Australia can be off-putting, especially if you have never done so in the past. With that in mind, you may wish to spend some time looking at the easiest and most effective way to transfer money internationally.

Many will choose a bank, but we highly recommend you look to use Wise for this particular process.

Wise is rated as one of the best for giving you a mid-market exchange rate, as well as making sure you pay a low fee that is covered upfront. By sending the money through Wise as opposed to a bank, you can save yourself a lot on the costs and the fees attached.

As ever, though, you need to ensure that you can meet their remit and also ensure the sums you are sending are going to be something they can provide.

The cost of sending money to Australia internationally can be massive, though. That is why we highly recommend you look to manage the money-sending process with an app that comes with a proven, trusted reputation. With their low fees, though, Wise definitely gives you the best option when it comes to sending your money to Australia.

 

What is the safest money transfer app?

To be honest, all of the ten programs we have listed above provide you with some of the safest ways to transfer money. If you are looking for pure reputation alone, though, you should look into WorldRemit, Venmo, PayPal, and Western Union. The latter two are some of the biggest companies in the world and provide you with the ability to safely transfer money to other people using their apps.

Given their relative size compared to many other money transfer apps, you can feel really safe using either of those platforms. However, if you are looking for the best deal then using a pure money transfer platform such as WorldRemit or Wise can make a lot of sense. These platforms all provide you with access to their mobile app to manage the sending of your funds, so you have nothing to worry about on that front when it comes to getting money sent to and from different accounts.

The safest way to transfer money is always to use a trusted application such as those listed above, though. Never take risks with companies with little to no reputation. Even if you need to play a slightly higher transaction fee, one of the above platforms makes ideal sense.

 

What is the most secure way to send money?

The safest way to send money will be to use a money transfer app or platform like those listed above. In terms of total security, though, you should definitely look to use a bank wire transfer as your payment method.

These send the money directly from one bank to the other, and this means you have nothing to worry about regarding the money getting lost. It is all recorded from one bank to the next, meaning that any loss of money during the process can be easily noted, rectified, and solved.

This also ensures that you know the money has gone directly to the person that you had in mind. The biggest challenge you probably face when it comes to sending money, though, is ensuring you do it safely. While a bank transfer can be done via your bank, it does tend to cost you much more in fees and conversion rates.

So, many of the apps listed above for money transfer can also take a bank wire transfer as their payment method. Keep that in mind, as it provides the easiest way to 100% secure the transaction and ensure it’s on point.

 

What is the safest way to transfer money internationally?

Transferring money abroad can seem really worrisome, but it does not have to be. Really, the safest way to manage an international transfer is with the listed platforms above. Wise and OFX in particular have wonderful reputations for this kind of transaction.

Try and spend some time evaluating where you will be sending the money, and see what platform offers the quickest transaction with the smallest fees.

If you don’t mind the time delay or higher costs, though, Western Union also makes a good place to consider using. You should definitely look to evaluate the platforms based on their individual value, though.

If your main aim when it comes to sending money internationally is speed, though, platforms like Wise and MoneyGram offer the best place for you to start with.

They make sure the money arrives quickly and safely, albeit with often higher fees attached than you might have expected. When time is of the essence, though, you sometimes need to pay a little more to try and get things moving along.

The biggest challenge you probably face, though, stems from transferring money internationally in a way that ensures it arrives with total receipt. All of the above options provide that.

 

Which bank is best for international transfers?

There are several banks that you might want to think about, but we recommend you focus on the following banks for the easy transfer of international funds: Citibank. With a massive reputation, Citibank is one that can give you the best fee ratings when it comes to sending money internationally.

When you initiate a money transfer with Citibank, you can feel good knowing that you will be paying as little as $17.50 per transfer. That’s a solid rate.

Compare that with other top banks like Chase, which ask for $40 per transfer, or even Wells Fargo which asks for $45 per transfer, and you can see that Citibank offer some of the finest deals for quick, easy money transfers. You should definitely look to try and use one of the above three banks.

However, if you are sending money from one bank to another and both bank accounts are in your name, then companies like Danske Bank can often provide you with a fee-free transfer service. You might also be able to do the same by using platforms like HSBC, though it really does just come down to the bank and your current standing with that particular organisation.

 

How can I send money abroad for free?

If you wish to transfer money for nothing, then you should probably look into using WorldRemit. WorldRemit provides you with the option to transfer money to various countries from around the world, as well as numerous recipients at the same time. Unlike other platforms, WorldRemit ensures that so long as you are sending money to another WR customer you do not have to pay any fees on top.

So, we encourage you to try and get others who regularly use money transfer services to help out to get a WorldRemit account themselves. Otherwise, you will likely find it really hard to locate a money transfer service that does not charge some kind of markup fee.

Other platforms don’t charge a fee, but instead, make their money on a higher currency exchange rate conversion. Try to keep that in mind and you can soon make sure that any potential losses you might have come across can be easily managed.

 

When it comes to money transfers, you should be able to find everything you need by investigating the above options. Between the ten-plus services, we have listed, at least one should tick every box for you in terms of flexibility, fees, and functionality.