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Trusting our data
Our comparison includes over 200 money transfer services, more options than most other sites on the market.
We also include popular banks and apps like PayPal, to give you the full picture of how different providers compare when sending money abroad.
Each company on this list is backed by live data from our comparison engine, based on real exchange rates, and hands-on testing.
However, every transfer is different. We always recommend searching for the amount you want to send and where you are sending it. This will give you the most accurate live price tailored to your needs.
Using your bank for international wire transfers is expensive due to poor exchange rates and high fees.
Thankfully, there are better alternatives available.
The 10 best international money transfer companies in 2025
Money transfer companies offer secure, low-cost, and fast ways to send money abroad.
After testing over 200 providers and analyzing live comparison data, these money transfer companies consistently offer the best mix of exchange rates, fees, and transfer speed.
"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."
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"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."
"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."
"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."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"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."
"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."
All figures reflect average pricing over the past 7 days. Data verified via the MoneyTransfers.com comparison engine and updated daily.
Business options
International business transfer requires different features and considerations.
If you’re sending money from a business account, these are the top money transfer companies to consider.
"Wise Business is used by 300,000+ businesses each year. Easy integrations with Xero, QuickBooks, FreeAgent and more are 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."
All figures reflect average pricing over the past 7 days. Data verified via the MoneyTransfers.com comparison engine and updated daily.
Who is the best and why
The most suitable money transfer company for you will depend on your specific transfer.
The table below gives you an idea of how different options compare, but in a nutshell:
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, especially for traveling.
For larger transfers from the US, currency brokers with a dedicated account manager are your best options, for example, Regency FX, Currencies Direct, and XE.
Money transfer option | Recommended company | Best for | Transfer method | Check rates |
|---|---|---|---|---|
Sending small amounts | Sending money to friends & family, or recurring transfers | Online or via the app | ||
Sending large amounts | Large purchases abroad, such as property or business transfers | Email or phone via account manager | ||
Travel abroad | Pre-converting currencies and spending abroad | Multi-currency app and debit card | ||
Business transfers | Making business payments in multiple currencies. For example, paying staff or receiving payments. | Online, via the app or account manager | ||
Domestic transfers | Bank wire transfer, Venmo, or Cash App | Sending money between friends or family within the USA. | Online or via the app |
*Recommendations are based on USD/MXN transfer, live fees, and rates from our comparison engine & live API data feeds. Data verified by the MoneyTransfers.com team and updated daily.
Now let’s dive in. Below, I've outlined the best money transfer operators in 2025, including key information on how they made the top 10 list.
All money transfer provider information is based on live comparison data from our comparison engine, which updates daily to give you the latest exchange rates and most accurate results.
However, as with any money transfer, we recommend running a search based on your amount and destination to find the best transfer deal.
Wise
We’ve listed Wise as the best international money transfer service because of its low fees, mid-market rates, and simplicity.
Wise fees start from 0.35% and all transfers use the mid-market rate, making it one of the cheapest and most transparent options available.
I’ve had my Wise account for the past 3 years and always have it with me while traveling or sending money to friends abroad. I like keeping local currencies pre-converted for quick access. For example, I usually hold some EUR and USD, and have used Wise seamlessly in Bali, Japan, and across Europe.
Here’s a quick roundup of why we recommend using Wise.
Pros
- All transfers are made at the mid-market rate, and fees start from 0.35%
- You get discounted fees on larger transfers
- Supports 130+ countries and 70+ currencies, one of the biggest on the market
- Very competitive multi-currency account with over 50 currencies and local account options
- Has one of the simplest apps for quick transfers and money management
- Regulated in 15 countries
Cons
- Fees on very large transfers can add up, though the mid-market rate helps keep costs competitive
- No dedicated account manager to handle your transfer
- Our users have noted ongoing issues with customer support
- Withdrawals are limited to multi-currency accounts and bank account deposits
Is Wise right for you?
Since Wise offers low fees, mid-market rates, and a fast app, it is best used for transfers to friends and family, traveling abroad, getting married abroad, international students, buying goods from overseas, and receiving money.
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Regency FX
Regency FX is best for large international wire transfers where you need hands-on support.
They are one of the top services to use for property purchase, receiving inheritance, and moving savings for retirement, especially if you are in the US or the UK.
They are less competitive than Wise, as their markup is often around 1.5% (meaning they add 1.5% on top of the "real" exchange rate), but they have no fees, which offsets the overall cost.
While testing Regency FX transfers, I spoke to their sales team and found that they can assist with currency risks and offer insights into international taxes.
Pros
- Personal account manager to assist with your transfers
- Ability to lock in rates with forward contracts ahead of large purchases
- Available for US customers (rare for a currency broker)
Cons
- Does not have a mobile app, just an online platform (although this is mobile-friendly)
- Serves fewer countries than XE or Wise
Is Regency FX right for you?
Due to their expertise, rate locking features, high limits, and low fees, Regency FX is best used for international property purchase and making large payments.
Currencies Direct
Currencies Direct is the best option for large recurring payments abroad, mainly due to their product offering and coverage.
This means they charge no fees, but typically add a 0.2% - 0.7% markup. This makes them perfect for making monthly mortgage payments abroad or receiving a pension.
They have appeared as the cheapest option in 51% of all searches on our site, while Regency FX was second with 32%.
Pros
- Best product offering for large and regular transfers
- Lowest fees on transfers to/from Europe
- Expert insights, analysis, and rate alerts are available
Cons
- Only allows bank-to-bank transfers
- Limited support for African currencies
- Higher markup compared to Regency FX and TorFX
Is Currencies Direct right for you?
Since they offer multi-currency accounts, FX tools, and have high limits, it is best used for recurring payments, large transfers, and receiving money from the EU.
TorFX
TorFX is particularly good for large transfers from the UK.
You also get an account manager, and their entire service is tailored to the UK customers.
This means they can often negotiate the best rates for GBP transfers, making it another great option for large transfers abroad.
During my conversation with their accounts team, I found that their knowledge and experience of large transfer nuances is extremely good compared to other currency brokers.
Pros
- Best GBP exchange rates
- Exceptional experience from their account managers
- Ongoing currency management and forecasts offer expert insights
Cons
- Only available in the UK and the EU
- Only 40 destination currencies are supported
- Lack of deposit/withdrawal options
Is TorFX right for you?
Due to their coverage and support, TorFX is best used for large GBP & EUR transfers.
Xe
We’ve found Xe to be the fastest money transfer company for mid to larger money transfers.
For example, a $10,000 transfer to the UK, Canada, or Australia will arrive on the same day, while with Wise it would take 3 days.
Beyond speed, Xe is the oldest money transfer company (launched in 1993), as well as, Xe is one of the biggest remittance companies in the world.
It offers the biggest coverage (100+ currencies, across 190 countries), and is suitable for any transfer size.
Their fees vary from $1.99 to $2.99, depending on the transfer details, and they add a markup of 0.3% - 2.1%.
From my experience, they make it into the top 3 money transfer organizations, mainly for their product offering, simplicity, and competitive fees.
Pros
- Fast transfers for higher amounts, in particular
- Ability to opt for a managed service if needed
- Great app for making transfers and tracking exchange rates
- Access to historical exchange rates data and rate alerts
Cons
- No cash pickup in Australia and New Zealand
- No cash deposit option
- Less competitive markup on smaller transfers
Is Xe right for you?
Xe is best used if you need large currency coverage or sending money to harder-to-reach areas. Their features make them good for all transfers over $500, such as making international mortgage payments or other routine payments.
Key Currency
Key Currency is one of our recommended money transfer services for transfers to/from Europe.
Based on our comparison data, Key Currency appears as the overall best and cheapest option for bigger GBP/EUR, USD/EUR, EUR/GBP, and EUR/USD transfers.
They have no fees like other currency brokers, and add 0.1% - 0.6% markup on the exchange rate. This is slightly better than TorFX, but their overall product is slightly worse.
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 services could put some people off
Is Key Currency right for you?
Key Currency is best used for large GBP, EUR, and USD transfers. Especially for buying property in Europe or sending large payments.
OFX
OFX is the best money transfer agency to send money to/from Australia and Canada. Their offering is similar to Currencies Direct, with slightly better support.
OFX charges no fees but adds a markup of around 0.4% - 1.5% on all transfers.
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.
Our users often cite them as being patient and helpful. This is helpful for complex situations where transaction amounts could be quite high.
Pros
- Great rates on AUD/CAD transfers
- Mass payment functionality is one of the best in the market
- Nice blend of online-only and managed service options
Cons
- Difficult to make smaller payments
- Slightly worse exchange rates compared to other brokers
- More catered to business, so it might not be great for ongoing personal use
Is OFX right for you?
OFX is best used for CAD and AUD transfers, business transfers, receiving pension abroad, and managing currency risks.
Remitly
Remitly is one of the best international wire transfer companies for cash transfer, cash pickup, and cash delivery.
You can think of them as a one of the money delivery companies.
This is especially useful for urgent transfers or transfers to the unbanked areas, to the elderly, and those who can't pick up cash themselves.
They charge no fees but add 0.1% - 1.3% markup.
This is more expensive than other options like Wise, but cheaper than other cash delivery providers like Western Union or MoneyGram.
Generally, cash transfers are almost instant, but they are the most expensive.
Pros
- Lots of deposit methods to choose from
- Instant cash pickup and delivery options
- Ability to lock in the exchange rate
Cons
- Steep transfer fees on some transfer corridors
- Limited network of only 22 countries
- Generally low transfer limits
Is Remitly right for you?
Remitly is best used for cash transfers and urgent transfers, which are particularly useful when receiving a pension abroad or making transfers to unbanked areas.
WorldRemit
WorldRemit offers the biggest coverage for Africa, as well as Asia and the Americas.
WorldRemit charges $1.99 - $2.99 per transfer and adds a 0.8% - 3% markup on average. This is expensive, but transfers to Africa are generally more expensive.
However, WorldRemit is the overall cheapest option for transfers to Africa (they appeared as the cheapest option in 90% of our searches for USD/NGN).
In addition, you can send mobile top-ups and make airtime transfers.
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 & mobile top-ups
Cons
- Low maximum sending limit ($5,000/transfer)
- Can be costly for large transfers
- Not the most user-friendly
Is WorldRemit right for you?
WorldRemit is best used for airtime transfers and mobile top-ups in Africa. It is great if you often send money home to friends and family.
Prefer video reviews?
You can find video reviews of all top money transfer companies on our YouTube channel.
Notable mentions
A few companies that we think are also worth mentioning, are Aspora and Airwallex.
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Aspora
Aspora (previously Vance) is an app-first money transfer company specialising in transfers to India.
Aspora made it to our top 10 money transfer companies list because of their low fees and mid-market rate transfers (same as Wise).
They specialise in transfers to India from the US, the UK, Ireland, Italy, and the UAE.
On all transfer routes we tested (more in our Aspora review), they ended up being cheaper than Wise or other similar options.
Pros
- Very fast transfers to India
- Transparent fees and no markup on the exchange rate
- On-ramp and off-ramp transfers
Cons
- Lack of withdrawal options (limited to bank accounts)
- Low coverage, currently available in 5 countries
Airwallex
Airwallex is the best platform for international business transfers and FX payments.
They offer a lot of features, like multi-currency accounts, marketplace support, API integrations, and more. All at very competitive exchange rates (~0.5%) and no fees.
For a business provider, this is an especially good offering.
Pros
- Offers a multi-currency account
- Multiple local accounts
- Strong customer support
- Marketplace integrations for making and receiving payments
Cons
- ATM fees are high
- Accepting card payments is expensive
- Paid account with a limited free tier
Bank Wire Transfers vs International Money Transfers
You might be asking, Why can’t I use my bank account to wire money abroad, Why do I need a specialist to do it for me?
It really comes down to the cost, speed, features, and support.
I’ll explain the benefits of money transfer services a bit later, but here’s a quick comparison of banks vs money transfer companies.
Sending money with your bank
Banks use intermediaries: Your money is going through multiple banks, each taking a small cut.
Banks charge receiving fees: Most banks will charge you to receive money from abroad.
Banks add huge markup: Usually, banks add around 3-5% markup on top of the exchange rate.
Bank coverage is limited: Some banks let you hold international currencies, which reduces the transfer fee (conversion is still expensive), but the selection is very limited in most cases.
Banks are good for domestic transfers: Sending money within the country (the US, for example) is where banks shine, but even then, you have challenger banks that do it better.
Here's a visual example of how traditional bank transfers work to give you a better idea of why it's so expensive.
Using a money transfer company
Money never crosses borders: Money transfer companies use “local accounts” around the world. You deposit money into one account, and the receiver takes it out from another. Your money never crosses the border.
Small or no markup: Most companies make money through applying either a markup, a small fee, or both. But because of lower operating costs and high competition, these are much lower.
Specialised features: Money transfer services are built with the single purpose of sending money transfers. This allows them to minimise the cost, hence charging you less. But also, the entire process is much easier compared to the traditional bank.
Currencies and coverage: money transfer companies give you access to hundreds of countries and currencies, and many come with wallets and pre-paid debit cards where you can hold these.
Large transfers: Currency brokers (a type of money transfer company) exist to find good deals. It’s in their interest to get you the best rate possible so you pick them, along with offering real human support. No traditional bank can match that.
Similarly, this is how money transfer specialist work:
Benefits offered by money transfer companies
Let’s have a look at what you should be looking for in a money transfer company.
Lower fees & better rates
Fees and exchange rates are determined by the amount, your country, the destination country, the deposit method, and the withdrawal method.
Banks typically have high fees (~$50) and add a 3-5% markup on the exchange rate. While top remittance companies charge ~0-2% markup and a few dollars in fees.
To get the most value for money, look for the mid-market rate options (like Wise), and deposit money using a bank transfer.
Cheapest money transfer options
Although we have a guide to the cheapest money transfer, here’s a roundup of the cheapest options from our list based on a few case study examples.
Money transfer company | Amount & corridor | Fee & markup | Total received amount (in USD) |
|---|---|---|---|
$2,000 - USD/MXN | $18.25 + 18.4585 | 36,580.13 | |
$2,000 - USD/MXN | $6 + 18.4205 | 36,730.51 | |
$2,000 - USD/MXN | $0 + 17.7600 | 35,520 | |
$2,000 - USD/MXN | $1.99 + 18.0434 | 36,050.89 | |
$2,000 - USD/MXN | $0 + 18.2600 | 36,520 | |
£1,000 - GBP/INR | $3 + 117.9584 | 117,604.56 |
Figures update daily and are based on live exchange rates and fees from our comparison engine and backed by live data directly from the providers.
Fast transfers
Transfer speed is a bit harder to measure, since there are too many variables in place.
But as a rule of thumb, the quicker you need to send money, the more it will cost.
Fastest money transfer services
These are the fastest transfer options you have, however, for the most accurate results, run a quick comparison search.
Money transfer company | Transfer speed |
|---|---|
Most medium-large transfers will arrive the same day. | |
Most transfers will arrive in minutes, larger transfers can take 1-2 days, especially on exotic currencies. | |
Usually arrives in minutes, especially for airtime and mobile top-ups | |
Instant for cash transfers |
Make sure to verify your account when signing up to avoid these delays. We also recommend notifying your bank if you are expensing to send or receive unusually large sums of money.
Ease of use & apps
Nowadays, many banks, especially challenger banks, offer a great user experience in general, however, it is mixed with all other features, making it clunkier to use.
To get the best experience, you need a specialist with a good app, native cross-platform features, a wide range of deposit/withdrawal options, and it should offer a mobile wallet or a multi-currency account for receiving money.
Best money transfer apps
Here’s a roundup of the best money transfer apps from our list that tick all the boxes.
Money transfer company | Platforms | Deposit methods | Withdrawal methods | Multi-currency support |
|---|---|---|---|---|
iOS, Android, Web | Bank account, debit/credit cards, SWIFT, local methods, Apple Pay, Google Pay | Bank deposit, multi-currency account | Yes, with 44 currencies | |
iOS, Android, Web | Bank account, debit cards, cash, local methods, Apple Pay, Google Pay | Bank deposit, debit card deposit, multi-currency account | Yes, with 36 currencies | |
iOS, Android, Web | Bank account, debit/credit cards, Apple Pay, Google Pay | Bank deposit, cash pickup, mobile money, home delivery, debit card deposit | No | |
iOS, Android | Bank account, debit cards, local methods, Apple Pay, Google Pay | Bank deposit, cash pickup, mobile money, airtime top-up, debit card deposit | No |
All these companies offer great apps that are simple to use. But as you can see:
Wise offers the best multi-currency account
Revolut has the best mix of features
Remitly offers the best mix of deposit/withdrawal methods
Peace of mind & 24/7 support
Money transfer companies usually have the usual support options, including help articles, email, and over the phone. Which is similar to the banks, maybe slightly better.
However, nothing beats currency brokers with their dedicated account managers and 24/7 support.
If you’re making a large transfer, this is exactly what you should be looking for to get invaluable advice, negotiated rates, and full reassurance.
Best money transfer companies for large transfers
Similar to the above, these are the best money transfer specialists for making large international transfers.
Money transfer company | Amount & corridor | Fee & markup | Total received amount (in USD) |
|---|---|---|---|
$10,000 - USD/EUR | $0 + 1.1630 | 11,629.77 | |
$10,000 - USD/EUR | $0 + 1.1525 | 11,525 | |
$10,000 - USD/EUR | $0 + 1.1603 | 11,603 | |
$10,000 - USD/EUR | $0 + 1.1632 | 11,632.11 | |
AU$10,000 - AUD/NZD | $0 + 1.1253 | 11,253.14 | |
£10,000 - GBP/EUR | $0 + 1.1475 | 11,474.86 |
Figures update daily and are based on live exchange rates and fees from our comparison engine and backed by live data directly from the providers.
Sending money for a specific reason?
The reason you send money will affect the type of money transfer agency you will need.
We've put together a few guides on key reasons to send money abroad, and all considerations you need to make.
Our methodology
We’ve compared and analyzed over 200 companies to create this list of the top 10 money transfer companies to make sure you get the best deal.
Firstly, every provider on the list is regulated, legit, and safe to send money abroad.
Financial regulators ensure that money transfer companies, banks, or any other financial institution are behaving correctly.
They “vouch” for money transfer companies to follow the regulations (the rules) to ensure everyone’s safety.
When testing transfer specialists, we’ve rated each company on a scale of 1-10 based on the following:
Fees & rates
Transfer speed
Safety & trust
Product offering
Transfer limits
Ease of use
Customer feedback
So the maximum score a company can get is 70, while the minimum is 7. We then apply our scoring formula to get a total score out of 10.
On top of it, each company goes through an unbiased editorial criteria, where we look for a comprehensive list of flaws and benefits.
To ensure this page remains up to date, we use our first-party data from our comparison engine and merge it with the live data from the providers.
This page updates daily with the latest rates and fees.
Learn more about how we test and review money transfer providers.
If you want to see the full money transfer companies list, check out our company reviews page.
Help & FAQ
Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.
