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Alternatives to TransferWise

The best companies similar to TransferWise for sending money overseas.

Looking for other money transfer services better suited to your needs? If TransferWise doesn't support your currency or you just want to know what else is out there, check out some other options below.

We've listed out some of the more popular alternatives and highlighted what features they have that TransferWise doesn't.

Sites like TransferWise

  1. OFX
  2. WorldRemit
  3. WorldFirst
  4. TorFX
  5. InstaReM
  6. MoneyGram

ofx logo

OFX

Also known as OzForex, OFX launched in Australia in 1998 and aims to beat the exchange rates offered by banks.

Why pick OFX instead?

  • No fees on transactions over $10,000
  • Offers more currencies
  • No maximum limit for how much you can send

Downsides

  • Doesn't use the mid-market rate
  • Only accepts bank transfers as payment


worldremit logo

WorldRemit

WorldRemit has one of the largest ranges of countries you can send to, as well as a variety of payment options.

Why pick WorldRemit instead?

  • Able to transfer to cash pick-up locations or mobile wallets
  • Instant transfers available
  • Supports many exotic currencies

Downsides

  • Only sends mobile credit top-ups to some countries
  • Low maximum transfer limit makes it bad for large transfers


WorldFirst logo

WorldFirst

WorldFirst has a higher minimum transfer amount than TransferWise at $2,000, but balances it with no maximum limit.

Why pick WorldFirst instead?

  • No transaction fees
  • Price Promise, where WorldFirst will beat another quote
  • No maximum transfer amount
  • Forex tools like limit orders and forward contracts available

Downsides

  • Can't send amounts lower than $2,000
  • Only supports bank transfers
  • Receiver has to have a bank account


TorFX logo

TorFX

TorFX lets you make personal or business transfers to over 40 currencies around the world.

Why pick TorFX instead?

  • Assigned a personal account manager to help you out
  • No fees
  • Price-match guarantee
  • Forex tools to help you get the exchange rate you want

Downsides

  • Only a limited number of currencies, so check before signing up
  • Can only pay by bank transfer and send to bank accounts
  • Adds a margin to the exchange rate


InstaReM's logo

InstaReM

InstaReM is one of the only other transfer companies to use the mid-market exchange rate, just like TransferWise. You can send to around 20 currencies worldwide and be guaranteed a fair exchange rate with no margin added on.

Why pick InstaReM instead?

  • Transparent fees
  • Uses the mid-market rate, like TransferWise
  • Same-day transfers for most currencies

Downsides

  • Your receiver must have a bank account
  • Can only pay by bank transfer
  • Not as many currencies as other companies


MoneyGram logo

MoneyGram

One of the most well-known transfer brands, MoneyGram sends money to more than 200 countries. Both MoneyGram and TransferWise let you send small transfers, with a minimum transfer amount of $1.

Why pick MoneyGram instead?

  • 350,000 cash pick-up locations worldwide
  • One of the largest ranges of currencies
  • Almost-instant transfers
  • Can pay by cash and in-person

Downsides

  • High transfer fees
  • Can't send more than $7,000
  • Adds a bigger margin to the exchange rate than other, smaller transfer companies


Still looking for other options?

If the above companies aren't quite right for you, there are even more options in the table below. Enter how much you want to send in the calculator and you'll be shown how much your receiver will get.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 200 1 day AUD 0.00 0.689 USD
6,891
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.689 USD
6,891
Limited offer: $50 Myer gift card for first time users transferring over $5,000 in May 2019. T&Cs apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.689 USD
6,891
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
Go to site Show details
AUD 200 1 day AUD 0.00 0.689 USD
6,890
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.692 USD
6,888
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.689 USD
6,884
Special offer: Pay zero fees on your first 5 transfers
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour AUD 3.99 0.688 USD
6,882
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
AUD 3,000 1 day AUD 0.00 0.689 USD
6,890
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
Go to site Show details
AUD 1 1 day AUD 0.00 0.688 USD
6,884
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.692 USD
6,882
Exclusive: Finder customers receive $15 off their first transaction. T&Cs apply.
Quick and simple international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction.
Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

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Related Posts

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Limited offer: $50 Myer gift card for first time users transferring over $5,000 in May 2019. T&Cs apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

Logo for FlashFX International Money Transfers
FlashFX International Money Transfers

Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees.

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