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Top 10 Money Transfer Providers

Under federal law, a remittance transfer provider is a business that transfers money electronically for consumers to people and businesses in foreign countries. These companies include many money transmitters, banks and credit unions, and possibly other types of financial services companies.

What key features should be included?


Make sure the money transfer service you’re considering is registered with the appropriate financial authorities in the country they operate in and use secure encryption methods to keep your money safe.

Additionally, it is worth learning about the reputation of a company by reading the reviews from their users. This is a good way of double checking that their services are held to as high a standard as advertised.


Some money transfer providers, like Wise, will offer money transfers at a set mid-market rate, adding on a set fee for their services. Conversely, other companies, will add a small mark up on top of the mid-market exchange rate. To give you an idea of what to expect, most banks add a mark-up of between 4 – 5%, whereas most money transfer providers usually charge exchange rate margins around 1%. The important thing to note is that all providers will charge fees or mark-ups in exchange for their services, but ensuring transparency of those fees upfront, before you make your transfer, is what counts.


With a huge percentage of money being held digitally, you might think all international money transfers will be as instant as sending an email but unfortunately, that’s rarely the case. It’s a good idea to check the estimated transfer time with each provider, bearing in mind that the day you transfer your money will impact transfer times: delivery speeds vary for weekend days and business days.


Make sure the money transfer provider you are looking at has the availability to send money via the route you need. Currently, not every company offers their services to all territories or countries so this is a hugely important factor to iron out before deciding on a service provider.

Money transfer
Money transfer

Top 10 money transfer companies

1. XE

XE offers international money transfers to over 170 countries, with their most popular routes including Canada, the United States and New Zealand. The brand is known to use enterprise-grade security to ensure their transfer service keeps for money safe. XE is also well-known for offering low rates.

With over 40,000 reviews on Trustpilot and an overall rating of ‘Excellent’, XE is one of our top picks, as a trusted and reliable money transfer service with low fees for overseas remittances.

2. Wise

Wise is one of the best-known names in the industry and for good reason. They are a money transfer company focused on bank-to-bank international transfers, but the service they offer is much cheaper than banks, with a big focus on zero hidden fees.

One of the biggest selling points of Wise is how transparent they are with their fee-structure and exchange rates from the offset: Wise confirm the exact amount which will reach the recipient account, before the transfer is even made.

Wise has a rating of 4.6 out of 5 on Trustpilot, and with over 8 million people using their services, they are one of the most popular transfer providers out there.

3. WorldRemit

WorldRemit provide money transfers in over 90 currencies to 150 countries around the globe, with over two million people using their services last year alone.

They offer different methods to send money internationally such as bank deposits, cash pickups and mobile money. The company process most transfers within minutes with low fees and an upfront exchange rate. WorldRemit has an above average rating of 4.4 out of 5 on Trustpilot, having been reviewed by over 4 million customers globally.

4. OFX

OFX has more than 20 years’ experience providing money transfer services and have handled transactions totalling over £67 billion to date with an average Trustpilot score of 4.4.

The company has a very wide disbursement network, with offices in London, San Francisco, Auckland, Hong Kong, Toronto and Sydney, and bank accounts in over 155 countries, offering over 55 currencies. With OFX you’ll also benefit from 24/7 customer service, low fees and exchange rate markups.

5. Payoneer

Payoneer provides international money transfers services to 200 countries and in 150 currencies. Its marketing is largely directed at businesses and freelancers, with an easy-to-use platform to send money abroad.

Payoneer boasts an esteemed clientele including big names such as Airbnb, Upwork, Google and Amazon, who use Payoneer for mass payments. Payoneer is also used by eCommerce marketplaces such as Walmart and freelance marketplaces such as Fiverr, while still catering for individuals who want to send money abroad.

Money transfer
Bloggner top money transfer list

6. Remitly

Remitly supports transfers from 17 countries to over 50 receiving countries around the world, with over 140,000 agent locations allowing cash pickups for speedy transfers.

Remitly is one of the most trusted names in the industry and well-known for its competitive fees and effectively optimized mobile app. It features a great range of payment options, including bank deposit, cash pickup and even home delivery. Remitly has an overall score of 4.5 out of 5 on Trustpilot.

7. Skrill

Skrill is a payment service that is highly popular with online gambling customers and forex traders. Skrill has a clientele of over 120,000 online merchants worldwide and markets itself as having a focus on providing quick transfers, with the ability to transact using cryptocurrencies as well as regular money transfers.

Skrill has a score of 4.7 out of 5 on TrustPilot and makes international money transfers easy to navigate thanks to its modern and user-friendly website and app.

8. Ria Money Transfer

Ria Money Transfer has been in business for over 30 years and enables money transfers to more than 149 different countries from the US, Australia, UK and Spain. It lets you send money via its vast network of 397,000 cash transfer and payout agent locations, as well as online, and has a strong reputation for providing a reliable remittance service to people all over the world.

Ria Money Transfer is a trusted provider with excellent reviews online and years of industry experience which helps to provide high quality services to their customers.

9. Xoom

Xoom lets you send money to an overseas bank account, send cash for pick up or have cash delivered to the doorstep, in over 70 countries. The provider also allows you to make phone top-ups in 35 countries, and this wide range of services is one of the reasons they have such a strong reputation in the money transfer industry.

Xoom is a PayPal service and has a TrustPilot rating of 4.5 out of 5 online. It’s a great choice if instant money transfers are a high priority for you, but it’s worth noting that the quick transfer times do come at a higher cost.

10. MoneyGram

The final member of our top 10 is one of the industry’s most recognizable names. MoneyGram is a payment transfer service that launched all the way back in 1940, so they have more than 80 years’ experience providing global money transfer services with a network of over 350,000 agent locations.

MoneyGram customers can rest assured, knowing they will receive a secure and reliable service from one of the largest money transfer companies in the world. Although the company’s fees to tend to be higher than some of the newer providers on the market, MoneyGram has an overall ‘Great’ rating on TrustPilot with a score of 4.2 out of 5.

Money transfer


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