Compare other sites like Remitly to see if there's a better option available for your transfer.
Wise is one of very few providers to offer money transfers at mid-market rates. Instead of benefiting from foreign exchange margins, its fees consist of a percentage of your transfer, plus a flat fee.
Send is an Australian-based company that specialises in larger transfers, so will often be better value than Remitly if you need to send a lot. There are no extra fees added on when you make a transfer, but there'll be a margin added onto the exchange rate.
TorFX is a digital money transfer service. It's different to Remitly in that it only allows bank-to-bank transfers, has higher limits and has no fees.
Western Union is the world's oldest and largest money transfer service. Like Remitly, it's known for low minimums and cash pick-up options and is largely focused on handling remittances.
Xe Money Transfers is focused on offering competitive rates across a wide range of currencies and countries, although there are some gaps in its offerings. It charges a $4 fee for transfers below $500.
OFX is a large and well-known transfer service, focused largely on business transfers. But you can also use it for personal money transfers to take advantage of its competitive rates. Its $250 minimum transfer size is larger than some, but still much more accessible than many other providers.
MoneyGram has almost the same range of countries and currencies as Western Union but tends to be cheaper, and it has a wider scope than Remitly. Much like Remitly, it's known for low minimums, cash options and fast transfers.
Instarem only offers zero-margin transfers for some currencies and during certain hours. The company doesn't make it clear which currencies and hours this applies to, but the fee schedule is clear and simple to understand. However, it has a limited range of currencies and offers bank-to-bank transfers only.
Alternatively, learn more about Remitly in our review.
We currently don't have that product, but here are others to consider:
How we picked theseWe review money transfer providers for different features to assign them a score out of 10. The higher the score, the more competitive the product.
Your guide to the best foreign currency accounts for business, including how to open an account.
Your detailed guide to opening a bank account in NZ, including eligibility criteria and how to apply.
Your guide to currency exchange in Brisbane, including how to get the best exchange rate.
The detailed guide to buying a property in the UK as a foreigner.
How to use a forward contract to get the exchange rate you want when you send funds overseas.
Discover how XE and OFX stack up against each other in terms of fees, exchange rates, and transfer speeds.
Looking for alternatives to TorFX for transferring money abroad? Check out these other reputable money transfer providers!
Your guide to the six ways you can send money to a GCash account in the Philippines.
From securing finance, tax implications and converting your rental income, we look at the process of buying a property overseas.
Using international money orders to send money overseas? Learn about better options.