Transfer Money Abroad

On this page, you’ll find the key features of each company, what they’re good at and what fees you can expect. There are many reasons why you may want to transfer money abroad, especially if you’re planning on moving abroad permanently. The cheapest and best way to transfer money abroad is to use an international money transfer company. You’ll save money on transfer fees and get better advice on making your money go further.

The cheapest way to transfer money abroad is through an international money transfer company.

TransferWise

TransferWise was founded in 2010 and since then have created a big reputation for themselves. They have 11 offices with over 1,300 employees across 4 continents which makes them one of the biggest international money transfer companies out there. TransferWise also offer a borderless account where you can send, receive and spend money in over 40 currencies. This makes it much easier for people who have moved abroad that need pay for things in different currencies on a regular basis.

Below are their quick facts:

• Fees: Varies depending on transfer
• Speed: 1-2 days
• of currencies offered: 49
• Transfer Funds: Online
• Transfer Options: Single payment
• Trust Pilot Rating: 5 stars (based on over 60,000 reviews)

TorFX

If you need help in how to transfer money abroad to buy property in a different currency or to transfer your wages, TorFX can help. You will be assigned a personal Account Manager who can provide you with industry insights and advice to help you make informed decisions when transferring large amounts of money. As well as having zero transfer fees, TorFX has been trusted by more the 50,000 private clients for their services.

Below are some of their key features as a company:

• Fees: None
• Speed: <2 days
• of currencies offered: Over 60
• Transfer Funds: Online & mobile
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 5 stars (based on over 2,500 reviews)

Global Reach Group

Global Reach offers different ways that you can send money abroad. You can choose to move money quickly if it’s more of a one-off payment or you can take advantage of their forward contracts. This is where you can lock an exchange rate for the future, which is perfect if you’re planning on buying a house abroad. As Global Reach offers over 140 currencies, they’re perfect if you’re looking to transfer money abroad in an uncommon currency.

As you can see below, here are some quick facts about them:

• Fees: None
• Speed: <2 days
• of currencies offered: 140
• Transfer Funds: Online & mobile
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 4 stars (based on over 600 reviews)

OFX

With 20 years of experience making global money transfers, OFX is trusted by people all over the world who want to send their money abroad. First set up in Sydney, OFX now has offices all over the world including a headquarters in London. If you’re looking for a quick transfer of money, most currency transfers are processed within 24 hours once OFX receive your funds.

Below are their quick facts:

• Fees: None
• Speed: <2 days
• of currencies offered: Over 50
• Transfer Funds: Online & mobile
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 4 stars (based on over 3,400 reviews)

Currency Solutions

When Currency Solutions was founded in 2003, they started with the aim of providing the best customer service and exchange rates in the industry. They have helped over 150,000 clients send money abroad in either regular payments or one-off transfers. If you’re looking to quickly transfer money, then Currency Solutions is a good one to choose as 95% of their transfers are received within 24 hours.

Below you can find their quick facts:

• Fees: £10; £0 on £3,000+
• Speed: <1 day
• of currencies offered: Over 35
• Transfer Funds: Online & mobile
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 5 stars (based on over 1,800 reviews)

Currencies Direct

Being a UK-based company with 21 offices around the world, Currencies Direct can offer local expertise to help you on currency markets. They specialise in transferring money to Spain, France, Portugal, the USA and South Africa. With zero transfer fees and most transfers are carried out the same day or the next working day, Currencies Direct is an excellent choice.
Here are some of their quick facts:

• Fees: None
• Speed: 1-2 days
• of currencies offered: Over 40
• Transfer Funds: Online & mobile
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 5 stars (based on over 2,800 reviews)

RationalFX

Whether you’re looking to retire abroad, moving for study or work, RationalFX can help you avoid major bank fees when moving your money abroad. They were founded in 2005 and since then have grown into a respectable international money transfer company. Usually payments are made on the same day for all major currencies, so you get your money where and when you need it.

Take a look below at other aspects of RationalFX:

• Fees: £4; £0 on £4,000+
• Speed: 1-2 days
• of currencies offered: Over 50
• Transfer Funds: Online & mobile
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 5 stars (based on over 700 reviews)

Western Union

Western Union is one of the oldest, largest and leading international money transfer companies in the industry. You will be able to send and receive money in over 125 currencies and in several different ways, including in cash (from an ATM or agent location), in a bank account or on a mobile wallet. There are a wide variety of services on offer, however, exchange rate margins aren’t always transparent and sending to certain countries can be expensive.

Here are their facts below:

• Fees: Varies
• Speed: <2 days
• of currencies offered: Over 125
• Transfer Funds: Online & in-person
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 4 stars (based on over 13,700 reviews)

MoneyCorp

With their headquarters in London, MoneyCorp was established in 1979 and have 10 offices across the globe. They also provide advice on how to transfer money abroad e.g buying a home, sending money to family or paying for your wedding abroad. Whether you’re looking to make a one-off payment or transfer money regularly, MoneyCorp can help. Despite them probably not being the cheapest or fastest option, MoneyCorp offers over 120 currencies to 190 countries and you can choose to send your money either online or over the phone.

Below are their quick facts:

• Fees: Varies
• Speed: <4 days
• of currencies offered: Over 120
• Transfer Funds: Online & mobile
• Transfer Options: Single & regular payments
• Trust Pilot Rating: 4 stars (based on over 1,800 reviews)

Criteria:

Below you will find the criteria that was used in order to compile this list of international money transfer companies:

• Trust Pilot Rating was excellent based on a large number of reviews;
• The speed of their transactions was low with a maximum of 4 days;
• They offer a large number of currencies;
• They are a large international money transfer company.

What Next?

We hope that this page has helped you in finding a reputable international money transfer company. There are many things to consider when you transfer money abroad, including the amount of transfer fees and making sure you get the best exchange rate. Therefore, it’s important to make sure you make the right decision who you trust to transfer your money abroad.

We hope that your international money transfer is a success! If you’re interested in comparing any of the companies listed above, why not fill out the form below and get a better idea how much transferring your money abroad will cost.