The Best International Money Transfer Companies in 2025
Sending money through a specialist money transfer company is usually your best option. They offer a better exchange rate and faster transfers than banks or PayPal.
In reality though, there isn't one simple answer. It depends on the specifics of your transfer. Read on and I'll help you choose a company that best meets your needs.
Author
Keith Hodges
Editor
Artiom Pucinskij
113 minutes
September 30th, 2025
Disclosure
Money transfer companies provide secure, fast, and often cheaper ways to send money internationally, ideal for both personal and business use. They offer features like real-time exchange rates, low fees, and multiple delivery options.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."
"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"Sokin is a global payments platform for businesses. Hold 75+ currencies with free IBAN accounts. Make up to 5,000 payments per batch transfer. Excellent ecommerce payment gateway available."
"Sokin is a global payments platform for businesses. Hold 75+ currencies with free IBAN accounts. Make up to 5,000 payments per batch transfer. Excellent ecommerce payment gateway available."
"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."
"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."
Transfer Fees
No fees
Exchange Rate Markup
0.5%
Transfer Speed
Minutes - 24 hours
Specialist money transfer companies offer:
Better international wire transfer rates
Low or no fees
A mix of online and managed service
In this guide, I have compiled the top 10 international money transfer companies. I have detailed their pros and cons, rates, and key attributes to help you make an informed decision.
Who is the best and why
A money transfer company facilitates a transfer from one country to another. They are different from banks or payment apps in that they often offer more competitive rates.
Money transfer companies fit into two categories - online-only providers and managed services.
The most suitable money transfer company for you will depend on your specific transfer. This table gives an idea of how these two options generally compare:
For smaller transfers from the US, Wise is your top choice. You won’t have access to their multi-currency card yet (it’s coming soon), but you can use Revolut as an alternative.
For larger transfers, currency brokers are not as popular in the US as in the UK, but you still have many options: Regency FX, Currencies Direct, and XE.
Type of money transfer company
Quote
Best for
Transfer method
Recommended company
Check rates
Online only
Instant
Best for smaller & recurring transfers with minimal fees
Our search results include over 50 providers, more options than many others on the market.
To compile this money transfer companies list I have also looked at banks and PayPal to give you the full picture of sending money abroad.
In every article, I cover fees, exchange rates, user reviews, online feedback, and supported currencies. This is to ensure I provide you with all the possible information on each company.
Every transfer is different and I’d always recommend searching for the amount you want to send, and where you want to send it to. This will give you a live price on a specific transfer.
Each money transfer company in detail
Below, I've outlined the best money transfer services in 2025 and why I like them in more detail. I've also provided some key information on how they made the top 10 list.
As with any money transfer, I would recommend carrying out a search based on the specific requirements of your transfers.
Wise
Wise
Wise is listed as the best international money transfer service in the market. For me, it is the go-to option in several scenarios, including regular payments to friends and family, and receiving payments. Simple fees and the best international wire transfer rates which match the mid-market rate,make it a nice option for smaller transactions.
Pros
Great for smaller transfers at the mid-market rate and sending money regularly
Mid-market exchange rate is matched with low and transparent fees at 0.35% of the transfer amount
Biggest number of supported countries (130) and currencies (70) of any company listed
Additional products like multi-currency accounts allow you to hold, send, and receive money more conveniently
Seamless use between the app and website
Cons
Fees on larger transfers can add up, although the mid-market rate offering does keep them competitive
No account management should you need it
Reddit users have noted some ongoing issues with customer support
For these reasons, Wise is one of the better money transfer companies for sending and receiving money in different scenarios.
When using Wise, all the fees are presented upfront before you send your money. This way, you are never surprised by hidden costs. However, you should speak to the recipient about how they are receiving the money. Some banks will charge fees upwards of $15 for receiving money.
Their company has completely changed the way I think about international transactions. The exchange rates offered make it difficult for other companies to compete. It simply offers the best international money transfer rates.
In comparison to the 0.35% cost, with exchange rates and fees included, a traditional bank will cost around 3% of the transfer amount. Using PayPal will cost around 5%.
If you make a $2000 to EUR transfer, you will receive around €1,854 through a bank transfer and €1,700 with PayPal.
A managed service will generally be fee-free, but at a higher exchange rate (from around 0.7%).
For larger transfers over $5,000, look towards using a managed service, it's one of the best ways to manage large transfers.
The additional fee will mean a lot of the work is taken care of for you.
Supported currencies
There are over 70 currencies supported on Wise. This also makes receiving money into a Wise account a viable option in most cases. Where Wise doesn’t support the currency, you would pay a 2% fee to receive, however.
Wise is by far the best option for small transfers, especially for those in the UK, US, Canada, and Australia.
Ease of use
Wise is easy to use, and simple to sign up for. The Wise app pairs nicely with the desktop version and I often go between the two if I need to add funds. This is because I verify my transactions through my phone. This being said, just using the app or just using the desktop version is simple as well.
Other features
Wise's money transfer product is best-in-class. But another standout feature that makes Wise the clear winner is their multi-currency account. This is ideal for frequent travelers, there is also a business account option.
If you add euros to your account, it gives you a SWIFT number just like the ones used in Europe. And if you add British pounds (GBP), you get a sort code.
The bank account can handle over 50 different currencies. There are no costs in transferring money between accounts.
With that, you gain access to a universal debit card and bank account details for the UK, USA, EU, Australia, New Zealand, Singapore, and more.
User reviews
Our users have highlighted that Wise transfers to and from US based banks take around 4-6 days in some cases. There is also some points around the freezing of accounts being used in South America.
There can be a common problem with self service accounts. If a large amount of money passes through them, they can be restricted and hassle to unlock. For regular, larger transfers, we'd recommend using a currency broker..
They are one of our top choices for different types of large purchases. This includes buying property, mass payments for business, and milestone events.
The specialist nature of large transfers also allows for more insight into taxes and processes that you might need to consider.
They are also one of the few currency brokers that serve customers from the US and the UK.
They are the recommended provider in 32% of searches on our site where a managed service is the best option.
Pros
Personal account management that aids in the challenges of large transactions
Ability to lock in rates with forward contracts ahead of milestone purchases
Cons
Does not have a mobile app, just an online platform (although this is mobile friendly)
Serves fewer countries than XE or Wise
Overview
Transfer fees:
No fees
Transfer speed:
1-3 days
Exchange rates:
From 1.5%
Platforms:
Website
Payment methods:
Credit card, debit card, bank transfer
Delivery methods:
Bank account deposit
Trustpilot score:
4.6 / 5 - 121 reviews
Exchange rates
They are less competitive than Wise in terms of the exchange rate, as their markup is often above 1.5% (meaning they add 1.5% on top of the "real" exchange rate).
Also, they don't charge any fees for transfers. So the slightly increased exchange rate is partially offset by this.
Overall though, it is not an option to consider for smaller transfers.
Supported currencies
Regency FX supports 35 currencies in total, including core currencies like USD, EUR, and GBP. INR as an example is not supported by Regency FX, so there are some limitations to having fewer currency options.
Ease of use
RegencyFX is a great company if you're thinking about making a big transfer, like:
Each customer gets their own account manager. The account manager offers expert guidance for complex and high-value transactions.
This level of attention ensures that every big transfer is handled carefully and precisely. It takes into account any specific requirements or concerns.
Regency FX also has a user-friendly online platform that makes managing large transfers quite simple.
You can track your transactions in real time. You also have the flexibility to make transfers at any time of day or night. However, an account manager isn’t always going to be available if you make a transfer at an obscure time.
Other features
Offering large transfers means Regency FX can also cater to things like forward contracts, limit orders and stop orders.
User reviews
Our users have given Regency FX the thumbs up for superb service and brilliant account management.
Currencies Direct is a great choice for sending money abroad if you’re looking to send money to Europe in particular. Although USD and AUD are also supported.
They are listed as the cheapest option in 51% of all managed service searches on our site. For reference, Regency FX was second on the list at 32%.
Pros
Great options to send money to and from Europe
No transfer fees for international transfers (although a higher exchange rate than some)
Expert insights, analysis and rate alerts are available
Cons
Only allows bank-to-bank transfers
Limited support for African currencies
Overview
Transfer fees:
No transfer fees
Transfer speed:
1-2 days
Exchange rates:
Between 0.12% and 1.32% markup on the mid-market rate
Platforms:
Online and mobile app
Payment methods:
Bank transfer and debit cards from UK and EU
Delivery methods:
Bank deposit
Trustpilot score:
4.9 / 5 - 8,000+ reviews
Exchange rates
Currencies Direct may not offer the best international money transfer rates, which start from 0.7% for the most commonly supported transfer routes. But they don't charge any fees.
Most transfers are completed within 3 working days.
Depending on where you send money, your account manager will be able to give a better estimate here.
Supported currencies
Currencies Direct supports 40 currencies in 120 countries, so a nice selection. These areas are great for people buying property, emigrating, or making international investments.
Ease of use
Whilst Currencies Direct is a managed service, they do offer a little more flexibility than the likes of Regency FX.
The company has an app and online portal for managing transactions. You can also call them and make transfers over the phone if this offers peace of mind.
The company has a nice balance between online and hands-on management.
Other features
Customers in Europe can make the most of a multi-currency card. This is attached to a wallet, although you do pay 2% to convert a currency before spending.
As with XE, you also get rate alerts and expert insights (these come from your account manager).
I’ve found that their information is helpful and would recommend it to anybody interested in the foreign exchange market.
Revolut has been edging into the remittance market due to its wide range of supported currencies and availability of their multi-currency account.
The app can also utilize P2P transfers to other Revolut users at a low cost or even at no cost, depending on the location.
For me, the company is a good choice for making payments abroad, domestic payments between family and friends, and regular payments to international students.
Although, there are tiers and limitations to the service to be aware of.
Pros
Great app to handle regular international transfers
Additional (paid) services like pet insurance, trading, and more
Tiered membership to help reduce the cost of regular sending
Available in the US, UK, Canada, Australia, and many more countires.
Cons
International money transfers have higher fees on weekends
Exchange rate can be difficult to understand as the calculations aren’t shared
Frequent updates / work on the app can prevent you from instantly sending money
All in all, if you're looking for a seamless, secure, and affordable way to handle regular money transfers, Revolut is a good option.
Overview
Transfer fees:
No transfer fees (up to $1,000)
Transfer speed:
1-2 days for major currencies, 3-5 days for more hard-to-reach currencies
Exchange rates:
Between 0.4% and 1.5% markup on the mid-market rate
Platforms:
Online and mobile app
Payment methods:
Bank transfer
Delivery methods:
Bank deposit
Trustpilot score:
4.2 / 5 - 5,000+ reviews
Exchange rates
The Revolut exchange rate is around 0.4% on average with fees starting at 0.0%, although after $1,000 this fee will be 0.5%. There is also an additional cost of 1% for sending at the weekend.
However, depending on your spending or sending habits, it’s a potential option.
For example, if you are a frequent sender, the Metal card plan is $16.99 per month. With this, there are no fees or increased weekend costs to worry about. And, if you're studying abroad, the P2P transfer option will let you request money from parents, split the bills with friends, and convert money into local currency with minimal fees.
Supported currencies
Revolut is available to send to 70 currencies, and you can hold 37, which is pretty good compared to other providers. Although again, not as good as Wise.
If you want to know how the two compare, especially with international transaction fees, check out our Wise vs Revolut comparison.
Ease of use
Revolut is simple to use, but a little difficult in my opinion to get the information you want.
User on the site have given positive reviews for the overall product. Negative reviews have been around unsupported currencies. There's also been comments on those unable to complete setup. Overall however, response to Revolut has been positive.
My dad, my brother and I use Revolut a couple times a month to send money between Lithuania and the UK. It's super convenient with one-click payments and instant transfers. Plus, it makes our family finances easy and hassle-free with request funds feature, so no more awkward money talks.
Artiom Pucinskij
Xe
Xe
We’ve found them to be faster on larger transfers. For comparison, a $10,000 transfer on XE to the UK, Canada, or Australia will arrive on the same day.
The same transfer on Wise has an estimated delivery of 3 days. Although they are largely in line with Wise for smaller transfers.
The company is recommended for sending money to friends and family, as well as buying goods overseas. The benefit of using XE for this, paired with its general speed, is simply the peace of mind it offers.
Pros
Fast transfers for higher amounts in particular
Ability to opt for a managed service if needed
Access to historical data and rate alerts aids in planning and understanding if you are getting a good deal on a transfer
Cons
No cash pickup in Australia and New Zealand
No cash payment option
Markup charged on exchange rate is less competitive than the cheapest options
Overview
Transfer fees:
$3 if sending less than $500 from the US or Canada. $4 if sending less than $500 from Australia or New Zealand. €2 if sending less than €250 from the EU. £2 if sending less than £250 from the UK.
Transfer speed:
1-4 days, but XE says the majority of their transfers are done within 24 hours, and some can take hours or even minutes
Exchange rates:
Often between 0.4 and 1.2% above the mid-market rate
Platforms:
Online and mobile app
Payment methods:
Bank transfer, credit card, and debit card
Delivery methods:
Bank deposit, and cash pickup in the UK, EU, Canada, and USA
Trustpilot score:
4.2 / 5 - 55,000+ reviews
Exchange rates
XE’s exchange rate isn’t as competitive as Wise's.
They bill this as ‘the XE Exchange rate’ which is around 1 - 1.3% depending on the currencies you’re sending to and from. So for every $100 sent, expect to pay about $1.
The increased cost is however offset if you need to move funds quickly.
Supported currencies
XE supports 65 currencies, compared to the 70 of Wise. So not a huge difference. These currencies cover 170 countries around the world.
Ease of use
Like most online money transfer organizations, XE is also packaged in an app.
The app is intuitive and has some nice features like currency conversion. Adding and withdrawing funds is pretty simple as well.
Whilst we list XE as an online provider, there is an option to get support for managed services.
Other features
XE offers some additional l features that I like. These are currency monitors for up to 10 currencies and historical currency charts. You can set up measures for these to send you alerts or notifications. They also offer a business account option where you can set up batch payments, manage payroll and more.
User reviews
Customers using MoneyTransfers.com have noted Xe being fast, with competitive rates and one of the better choices for large transfers. There has been negative feedback for holding on to money for too long, over a 7 day period in some cases.
Key Currency is one of our recommended managed services, because of its competitive rates in Europe.
The company is listed as the cheapest managed service provider in 78% of transfers involving the euro, compared to 13% for OFX and 8% for Regency FX.
The company sits a little further down the list as Regency FX offers a bit more scope in terms of cheaper currencies other than the euro.
Pros
Large transfers to and from Europe are hugely competitive
Access to Spanish speaking account managers
One of the best rated managed services on TrustPilot (4.9 / 5)
Cons
Only 19 currencies in total - smaller than many other managed service providers
Online, email and phone-based could put some people off
Overview
Transfer fees:
No fees
Transfer speed:
1-5 days
Exchange rates:
From 1.5%
Platforms:
Online
Payment methods:
Bank transfer
Delivery methods:
Bank deposit
Trustpilot score:
4.9 / 5 - 1,800+ reviews
Exchange rates
Average exchange rates for Key Currency start from about 1.5% in most cases, but there is no fee attached to this.
As a managed service it is also possible for you to negotiate a better rate with your account manager as well as lock in rates with forward contracts.
For bigger purchases, this option can make a huge difference. On a $100,000 transfer - getting the rate from 1.5% to 1% could save you $500.
Supported currencies
Currency support is where Key Currency is a little weaker compared to other managed services. They offer 19 currencies in total (just under half the amount supported by Regency FX).
This being said, they make the list in particular for their support of the euro.
Ease of use
Key Currency does not have an app, but you do get a login portal.
Most of the work you will carry out with Key Currency will be over the phone or email as well.
So whilst it’s very hands-on, which is great for large transactions, you might find it’s a little slow if you want to send quickly (if speed is your priority, I'd consider using XE for your transfer).
Other features
Features for Key Currency include a point of contact and forward contracts.
A point of note as well, is that Key Currency operates with the Community Federal Savings Bank in the USA. This is the same partner bank as with Wise and Revolut. It’s also registered in 39 states through FinCEN.
OFX is a managed service provider that, similarly to Currencies Direct, offers a nice blend of online support to match.
The company makes our list because of the ease of making routine or regular payments, especially for those based in Canada or Australia.
For businesses, there’s also the added benefit of being able to make mass payments. Take a look at our OFX business review to learn more about their business features.
The customer service offered by OFX is another reason we’d recommend them for larger transfers or those unsure of the full process.
Reviews often cite them as being patient and helpful. This is helpful for complex situations where transaction amounts could be quite high.
Pros
Intuitive app that comes with a range of nice features
Competitive exchange rates starting from 1.3%
Mass payment functionality that is one of the best in the market
Nice blend of online-only and managed service options
Cons
Slightly more catered to business, so might not be great for ongoing personal use
Overview
Transfer fees:
No fees
Transfer speed:
1-2 days
Exchange rates:
From 1.3%
Platforms:
Online and mobile app
Payment methods:
Bank transfer
Delivery methods:
Bank deposit
Trustpilot score:
4.4 / 5 -9,500+ reviews
Exchange rates
Exchange rates are very competitive for a managed service, starting from 1.3% (0.2% cheaper than Key Currency and RegencyFX). There are also no fees to pay on transfers, so all in all a decent option.
For mass and business payments, where OFX shines, these rates allow for a level of financial planning.
Currencies Supported
Total currencies supported on OFX is about 50 across 190 countries - so most eventualities are covered.
Ease of use
OFX has an online portal and an app. The app is very user-friendly and has many features, like uploading documents, which are well-built. It also houses a currency converter, and tracker for any money sent.
Other features
The other OFX features that put them on our top 10 companies list are; mass payments and business options. Our business section covers this in a lot more detail.
Instarem offers access to markets in Asia and South America that can sometimes be costly.
It makes our list because it pairs this access with still staying cheaper than banks.
Check out our comparisons to see how money transfer services compare in terms of wire transfer speed, fees, and exchange rates.
Pros
Accessible in some hard-to-reach locations
Dedicated support team with 24/7 customer support
Cons
Can take some time to create an account and verify your details
Charges high fees for debit and credit card payments compared to other providers
Overview
Transfer fees:
Up to $20 in hard to reach locations
Transfer speed:
1-3 days
Exchange rates:
From 1%
Platforms:
Online and mobile app
Payment methods:
Bank transfer, credit card, debit card, wire transfer and Instarem as payee
Delivery methods:
Bank deposit
Trustpilot score:
4.4 / 5 - 7,000+ reviews
Exchange rates
In these markets, Instarem is competitive in terms of exchange rates - starting at 1%. However, fees can be up to $10 for the more difficult-to-reach countries. So, there’s a slight convenience charge for sending there. This is still cheaper than using a bank.
Instarem might not be as cheap as Wise and XE for common transfer routes, but they are definitely one of the best options for Asia and South America.
Supported currencies
Whilst Instarem does not cast the widest net for currencies supported, it does cast a very specific one.
Notably, transfers to Pakistan, Singapore, Sri Lanka, and Vietnam are supported in Asia. In South America, you will find Chile, Colombia, Brazil, and Argentina are accessible.
Instarem also offers the ability to send USD to USD into these countries as well.
Ease of use
The app's simplicity makes overseas transfers fast and intuitive.
The company has polished the app very well, and similarly to the likes of Wise, it offers a nice cross-device functionality.
Remitly is listed as one of the best international wire transfer services because of its cash transfer, cash pickup, and cash delivery options.
This is especially useful for transfers to the unbanked areas, to the elderly, and those who can't pick up cash themselves.
Their rates are competitive, especially in Australia, and they offer various delivery options.
Remitly caters to both urgent instant transfer requests and less time-sensitive ones.
Generally, faster is more expensive.
Pros
Lots of payment methods to choose from
Ability to lock in the exchange rate
Frequent updates on your transfer status
Cons
Steep transfer fees on some transfer corridors
Limited network of only 22 countries
Low sending limits for T1 accounts
Overview
Transfer fees:
From 0.7%
Transfer speed:
1-3 days
Exchange rates:
From 1.5%
Platforms:
Online and mobile app
Payment methods:
Bank transfer, credit and debit card, cash
Delivery methods:
Bank transfer, cash pickup, and mobile money
Trustpilot score:
4.4 / 5 - 49,000+ reviews
Exchange rates
Exchange rates are significantly higher than Wise, starting at around 1.5%, and fees start at 0.7% - this higher cost is common on cash pickup transfers.
Supported currencies
Remitly supports a lot of currencies - but the difference is in its cash pickup support for the Philippines and India.
These countries can be difficult to send cash to, so certainly there is a perk of using Remitly despite the slightly bigger cost.
Ease of use
Remitly has an app, making it very simple to set everything up and send money. If you're looking for a quick, secure, and convenient way to send cash - then Remitly is a good option.
The fees you will pay are also clear. Whilst you are paying a little more on the rate for cash - their convenience and experience is a positive one.
It's quite easy to understand why WorldRemit is a popular choice for people who want to send money abroad.
There are a lot of options across Africa, Asia, and the Americas. This global reach allows for airtime sending.
Pros
Presence in over 130 countries and support for 50 currencies
Transparent fees and exchange rate
Fast transfers, often complete in minutes
Supports airtime transfers
Cons
Low maximum sending limit of $9,000 every 24 hours and $5,000 per transfer from the US
Can be costly for large transfers
Overview
Transfer fees:
Fixed fee, varies by destination and payment method - usually between $1.99 and $24.99
Transfer speed:
Within minutes in most cases
Exchange rates:
Depending on the payout method. Cash pickups have a lower rate than bank transfers. Exchange rate markup is on average between 0.5% and 1.25%
Platforms:
Online and mobile app
Payment methods:
Bank transfer, credit and debit card
Delivery methods:
Airtime top-up, bank transfer, cash pickup, and mobile money
Trustpilot score:
3.9 / 5 - 65,000+ reviews
Exchange rates
Exchange rates are competitive across most locations (around 1-2%). WorldRemit slightly stumbles on fees, which can be $2.99 even for smaller transfers to some locations.
Supported currencies
WorldRemit supports 130 countries and 50 currencies. This amount is boosted by their support of airtime payments as well, which opens up a few more options for sending.
Airwallex is the best way to send money for business. It offers a competitive exchange rate and product that is second to none.
The provider is a specialist business money transfer company and offers a lot of options, like multi-currency accounts and marketplace support.
Exchange rates start from 0.5%, which is competitive in the market as a whole, but as a business provider - with the service offered - is incredibly strong.
Pros
Offers businesses multiple options, local accounts and support for international business payments
Comes with accounting and marketplace integration for paying, and being paid, directly from third party platforms
Cons
ATM fees and accepting card payments are higher than other business options
Airwallex is a provider specifically for businesses making international payments. If you are looking for support for international business transfers, we recommend comparing all specific business providers.
To make sure you get the best deal on your international money transfer, it's important to consider certain factors.
Global coverage
There are several points that we look for within this.
The currencies: Here there’s a need to look at both sending and receiving options. Anything that is ‘out of network’ - a currency that isn’t supported - will incur extra fees.
The countries: Some money transfer service providers will allow you to send multiple currencies, but may only allow you to have an account or sign up in one. This doesn’t necessarily mean that the transfer will cost any more, but it does mean that you might have limited sign-up options if you’re in an unsupported location.
Customer support: This falls into global coverage because there’s a need to consider what support you will receive - some countries will not be supported by telephone support for example. Companies offering support in multiple languages and countries are important, as these are global payments, for a global customer base.
Fees and rates
Some elements will impact the cost of a money transfer:
The amount: The size of the transfer can impact the cost. Usually, sending large amounts of money can have higher fees. However, some services have different pricing tiers. So, the cost per unit might actually decrease as the amount increases.
The route: The cost can change depending on the countries you're sending money from and to. Some routes are more expensive due to currency changes, local regulations, or less competitive markets. Understand how the destination country affects the overall cost.
The payment method: Different payment methods can have different fees. For example, sending money online with a credit card might have extra fees due to processing costs. In most cases, a traditional bank transfer might be cheaper. Consider the costs associated with each payment method to pick the cheapest option.
The withdrawal method: The method the recipient uses to get the money can also affect the cost. Options like direct bank deposits might be cheaper, while cash pickups at a location might have extra fees. Balance convenience and cost when choosing a withdrawal method.
Transfer fees: The transfer fee can vary a lot. It depends on the provider and the details of the transfer. It could be a fixed amount, a percentage, or a combination of both. That's why you need to compare different services, especially for regular or large transactions. Fees can add up or change a lot.
Exchange rate markup: The exchange rate markup is the extra percentage added by the money transfer companies to the real exchange rate.
Ease of use
All top international wire transfer services should be easy to use and accessible to everyone. When assessing the ease of use, I usually look at the following:
How easy it is to sign up: This involves simple and quick procedures for creating an account, usually requiring basic personal information, verification steps, and setting up payment details. The sign-up process can be different for each company.
How easy it is to send money: This includes the user experience of initiating and completing a transfer. Companies are chosen based on their efficient transaction processes, clear instructions, and minimal steps required to send money, ensuring a hassle-free experience for users.
Payment options: Most money transfer companies allow you to pay for your transfer with a debit or credit card or through a transfer from your bank account. Some accept digital wallets like Google Pay or PayPal, or cash if you visit an agent in person. Our comparison shows which payment methods different providers accept and how long your transfer will take based on the method you choose.
Platform: An added benefit of international money transfer companies is that most have convenient apps for your phone or at least a website you can use on any device. However, it ultimately depends on your personal preference, so make sure the provider you choose is available on the platform you prefer.
Just so you know, sending money quickly might cost a bit more. But no worries, many companies on our list offer fast transfers for smaller amounts. Wise, in particular, will show you the estimated time it takes to send money based on your route and the amount.
However, the speed of your transfer can also depend on a few factors:
Security checks: Transactions over a certain amount (usually $10,000) are reported to the IRS to prevent money laundering. Sometimes, large transfers may be delayed as you might need to pass security checks or provide the source of your income before they are authorized.
Cut-off times: If you're paying via bank transfer or depositing money in the recipient's bank account, be mindful of bank cut-off times. If you don't initiate or complete the transaction before the cut-off time (usually around 3 pm), you might have to wait an extra day for the bank to process it.
Customer Ratings
Security of a transfer is always important and there are certain areas we look at to ensure money transfer companies listed are safe:
Size of a customer base: Larger companies have a bigger base and often will be better ranked as a result.
Amount sent: Companies that deal with a lot of cash flow should have better systems in place.
Technology: Any proprietary technology that is in place within the company.
Awards: Any awards the company has received as to why that makes it the best option for sending money and highlights trust within the industry.
Compliance and Regulation
Regulators ensure money transfer companies, banks or any other financial institution is behaving correctly.
These regulations or "rules" can be different depending on which country you're in.
Each regulator makes sure that the laws and rules for international transfers are followed in their area.
The best international money transfer services depend on why you're sending money.
Different providers are better suited to different needs. I've outlined a few options for different use cases to give you an insight into which company is best.
This is the most common reason for transfer, whether it’s monthly support, emergencies, or gifts.
Look for a provider with low fees, fast delivery, and strong app support. I recommend Wise for this as it ticks all the boxes.
It charges around 0.35%, uses the mid-market exchange rate, and lets you hold and convert multiple currencies in one account, ideal for frequent or flexible transfers.
Avoid sending money on the weekends (as in some cases you’ll pay an additional 1%).
Traveling abroad
This is another common use of top money transfer companies. Look for a company that offers a multi-currency account and a debit or pre-paid card.
For this, I’d recommend Revolut or Wise (you can learn more about the differences in our Wise vs Revolut comparison).
Both companies offer cards that let you hold multiple currencies and spend abroad with no added fees.
I’ve personally used both companies while traveling in Bali, Japan, New York, and around Europe.
Buying property abroad
Sending large sums overseas for a property purchase often involves multiple payments, from deposits to legal fees.
You’ll want a provider that offers personal support and tools to lock in exchange rates.
Currencies Direct, Regency FX, and Key Currency are ideal for this in my experience.
All offer dedicated account managers, competitive rates, no fees, and have years of experience in real estate transfers.
Sending large payments
One-off large transfers, like buying land or sending gifts, often come with tax or legal considerations.
Choose a provider that offers rate-locking tools, personal support, and small / no markup on subsequent transfers.
Regency FX, Currencies Direct, and Key Currency all specialise in large payments, offering competitive rates, guidance on limits, and dedicated account managers to help you navigate the process.
Getting married abroad
Weddings abroad often require a mix of large and small transfers, from venue payments to vendor costs.
A multi-currency account helps manage these with flexibility, lower fees, and convenience.
I recommend Wise and Revolut.
Both let you hold and convert currencies easily, avoid unnecessary fees, and manage multiple payments from a single account. They can also handle one-off large payments.
If you're retiring overseas, you’ll likely need to convert and manage regular pension payments.
Again, multi-currency accounts make this easy and cost-effective.
Some providers, like OFX, offer full pension services that handle everything, from receiving payments to converting and transferring them internationally.
Wise, Revolut, and OFX are solid options.
Wise and Revolut offer flexible currency management, while OFX can handle the entire process for you with a hands-off, managed approach (but a bit more expensive).
Studying abroad often involves frequent, lower-value transfers for tuition, rent, or everyday expenses.
You'll want a provider that supports recurring payments, easy local spending, and can handle large scheduled payments (for tuition fees).
Wise and Revolut are ideal for ongoing expenses. Both offer multi-currency accounts, low fees, and tools like spending cards, money requests, and direct debits.
Use platforms like Flywire, Convera, or PayMyTuition for tuition payments or large scheduled transfers.
Regular payments like subscriptions or service fees can add up. The right provider will help you keep costs low while staying consistent.
OFX, Regency FX, and Currencies Direct all offer scheduled transfers, no ongoing fees, and high limits, making them ideal for managing routine international payments.
If you’re making regular payments I would also recommend signing up for rate alerts as well.
Buying goods from overseas
Paying with a bank card abroad can cost 10-15% more due to bad rates and hidden fees. Especially now with additional tariff rates in place.
Use a provider that makes overseas purchases cheaper and more secure.
Wise, Xe, and Revolut offer virtual cards, fair exchange rates, and the ability to store multiple currencies, helping you shop internationally without extra charges.
Receiving money from abroad
Banks often charge hidden fees on incoming international transfers. Using a dedicated provider can help you avoid those costs.
Wise and Revolut let you receive and hold multiple currencies and request payments, all with lower fees than traditional banks.
This is especially useful for freelancers, remote workers, or anyone receiving family support from overseas.
While WorldRemit and Remitly offer multiple flexible payment options like mobile top-ups and cash delivery.
Ideal for sending money internationally, money transfer services have made huge strides in the past couple of decades to make sending your money abroad cheaper, faster, and easier than ever.
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
With 6+ years of hands-on experience in international money transfer services, Artiom has tested and analyzed dozens of companies, services, and apps firsthand. From sending money between the UK, EU, US, JP, and ID, to helping friends and family transfer large amounts abroad, he combines deep personal experience with industry insight.
He has worked on content and product at MoneyTransfers.com since 2019, with a focus on FX rates, transfer apps & companies, and comparison tools. His work has been featured in Forbes, Yahoo Finance, Decrypt, PoundSterling, and more.
With 6+ years of hands-on experience in international money transfer services, Artiom has tested and analyzed dozens of companies, services, and apps firsthand. From sending money between the UK, EU, US, JP, and ID, to helping friends and family transfer large amounts abroad, he combines deep personal experience with industry insight.
He has worked on content and product at MoneyTransfers.com since 2019, with a focus on FX rates, transfer apps & companies, and comparison tools. His work has been featured in Forbes, Yahoo Finance, Decrypt, PoundSterling, and more.
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Artiom Pucinskij
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