5+ alternatives to Wise (TransferWise) for money transfers | Finder

Alternatives to Wise (TransferWise)

The best companies similar to Wise for sending money overseas.

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Looking for other money transfer services better suited to your needs? If Wise 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 Wise doesn't.


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 Wise 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 Wise. However, the rate is only offered for some currencies and during certain hours. The company doesn't make it clear which currencies and hours this applies to. You can send to around 20 currencies worldwide.

Why pick InstaReM instead?

  • Transparent fees
  • Uses the mid-market rate for some currencies and during certain hours.
  • 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 Wise 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 $13,750
  • 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. Alternatively, learn more about Wise in our review.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 0 1 - 2 days AUD 0.00 0.769 USD
7,690
Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.771 USD
7,711
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.772 USD
7,721
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends 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 0.771 USD
7,712
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.771 USD
7,714
Better exchange rates for Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 1 1 day AUD 52.00 0.771 USD
7,666
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 10 Within an hour AUD 2.99 0.766 USD
7,657
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
AUD 1 Same day AUD 0.00 0.771 USD
7,706
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.774 USD
7,697
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.767 USD
7,665
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.765 USD
7,649
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.774 USD
7,710
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

More guides on Finder

International Money Transfer Offers

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

Special offer: $40 off when you transfer more than $250+ with code AUFIND40, conditions apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

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

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

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

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

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