With every passing day the world gets smaller and smaller. More people are travelling internationally, for work and for play. Banking systems have been built on older technology, and are struggling to adapt with the increased velocity of cross-boarder transactions. The cumbersome and expensive networks of old have opened the door for new kinds of money transfer services.
Created with a customer-first mind set, many newer money transfer companies use state of the art technology, and combine this with creative marketing endeavours to reach their desired clients. These clients, the millions of people who remit money internationally every year, are desperate for innovative solutions to wire their funds around the globe.
In this post, we will provide a brief summary of the types of money transfer services you can find in the market, and display a complete list of money transfer companies so you can explore their capabilities in your own time.
Our guide to money transfer companies
If you’ve only just arrived at our website, there are a few important posts you should take notice of. First off, read about how to compare money transfer services. In this article, we take you through the factors we consider when completing our reviews, so you know what things to weigh up when making your own decision. In addition to these tips, we also highlight some of the common features offered by money transfer services, such as:
- Spot contract
- Recurring payment
- Currency forward contract
- Foreign currency options
- Market order
- Multi-currency account
- Cash pickup
If you would like to transfer money to a friend or family member abroad, you might like to read our article on how to send money online. In this piece, we outline the various services that are most helpful for personal customers and explain how money transfer companies can be much cheaper and quicker than typical banking alternatives.
Commercial organisations, on the other hand, might need more sophisticated foreign exchange solutions that the average private individual. If this sounds like you, we have prepared a special article on business money transfer. Here, we take a in-depth look at the advanced functionality offered by many larger money transfer companies in the market, who are specifically geared to provide technical advice.
Once you’ve got an idea of the features you’re after in money transfer services, you should be pretty close to making your first transaction. If you’re new to making financial payments online, it may be a good idea to take a look at our post on how to transfer money safely. This article will provide you with various pointers to ensure that your private matters remain private when dealing with money transfer companies.
The complete list of money transfer services
Now, let’s get to what you’ve been waiting for. Below is a list of money transfer services which we have covered. At this point of time, we have completed a review of over twenty different money transfer companies. We have persoanlly used each service and analysed the services in which they offer.
Some key information about each money transfer service is listed in our comparison table. This includes details such as the number of currencies they exchange, the estimated time it takes for funds to be delivered, the average cost of the service when compared to the mid-market rate, and our overall score.
Here is our complete list of money transfer services:
|wdt_ID||Service||Ave. cost||Speed||Countries||Our score||Review|
|1||CurrencyFair||0.45%||2-4 days||157||5 stars||Read review|
|2||XE Money Transfer||0.54%||2-4 days||220||4 stars||Read review|
|3||WorldFirst||1.11%||2-4 days||243||4 stars||Read review|
|4||OFX||1.20%||3-5 days||226||4 stars||Read review|
|6||OrbitRemit||0.43%||1-3 days||43||4 stars||Read review|
|7||Ria Money Transfer||3.06%||1-3 days||158||2 stars||Read review|
|9||WorldRemit||1.35%||1-3 days||132||4 stars||Read review|
|10||TransferGo||0.84%||1-3 days||56||3 stars||Read review|
|11||TorFX||2.12%||2-4 days||176||3 stars||Read review|
|12||Currencies Direct||1.79%||2-4 days||188||3 stars||Read review|
In this post, we’ve highlighted a range of posts that you might like to read when you begin to navigate the market of money transfer services. This includes articles for personal and business transfers, as well as the importance of being safe online and understanding how the mid-market rate provides a benchmark for value. Finally, we have listed all the money transfer companies that we have reviewed, and placed them in a table so they can be sorted according to the factors which are most important to you.