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India

Pakistan

United Kingdom

Bangladesh

Australia

Croatia

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Spain

United States

Ukraine

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China

Guatemala

Czech Republic

Georgia

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MoneyGram

PayPal

Wise (formerly TransferWise) is transparent with their fees, cheap and easy to use.  Wise is trusted by over 10 million customers. They offer the same exchange rate you see on Google, plus a low up front percentage transfer fee.  

**Max:** No max

**Min:** No min 

**Send by:** Debit / credit card (fees apply) | Bank transfer | Apple pay

**Receive by:**  Bank account | Wise wallet (no cash pick up available)
 
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**Security:** Licensed and regulated in all countries in which they operate - [read more](https://wise.com/?utm_source=exiap-com-in&utm_medium=affiliate&utm_campaign=imt&utm_content=important-info)

**Support:** Great online help centre, web chat, email and phone support

**Offers:** They guarantee the rate you see, is the rate you pay  for 24-48 hours
 
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**How to send money with Wise:**

1. Click 'go to site' and register with them online. They offer even faster sign up options using your Facebook, Google or Apple ID.  
2. Set up your transfer and enter recipient’s bank details.  
3. For some currencies, or for large transfers you’ll be asked to send digital copies of your ID for verification. 
4. Pay for your transfer and you’re done!

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Wise

Launched in 2010. First to introduce a peer-to-peer marketplace. They’ve transacted more than $14b in transfers, with competitive rates and secure transactions. Unfortunately not available in the US.

**Min:** £10

**Send by:** Bank transfer |  Debit card (Europe only)

**Receive by:** Bank account only (no cash pick up option)

**Security:** Regulated by the Australian Securities and Investment Commission (ASIC)

**Support:** Mainly handled via email or chatbot 

**Offers:** New customers get their first 10 transfers free
 
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**How to send money with CurrencyFair:**
 
1. Click ‘go to site’ and Set up your account 
2. Set up your transfer details and send your money to CurrencyFair  
3. Then choose how you’d like to exchange - bid for a rate in the peer-to-peer marketplace or take the CurrencyFair’s current best available rate 
4. Once you’ve agreed your rate CurrencyFair sends your money to the bank account overseas at the agreed exchange rate and you’re done!

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CurrencyFair

Xoom

With more than 500,000 agent locations, the global network and international reach that Western Union has, is their biggest strength.

**Max:** £5,000 per day

**Min:** No minimum

**Send by:** Bank transfer, cash, debit card, credit card

**Receive by:** Bank account, cash pickup
 
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**Security:** Western Union are the biggest foreign exchange company. They are a public company, listed on the New York Stock Exchange. More details [here](https://ir.westernunion.com/investor-relations/corporate-governance/default.aspx)

**Support:** Phone, email and online chat support

**Offers:** Receivers can pick up cash at Western Union locations worldwide
 
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**Information needed to register a Western Union account**

1. Your full name 
2. Your phone number and email address 
3. Country of residence 
4. Your address 
5. Proof of ID 
6. Details about your money transfer needs

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Western Union

Total includes a promotional discount for new customers

Founded in the US. Focuses on immigrants that send small transfers to countries in South America, Asia or Africa. Super fast, with multiple receiving methods and more competitive rates for cash pick-up than MoneyGram, Western Union and Ria.

**Max:** up to £25,000 daily

**Min:** £10

**Send by:** Debit / credit card (fees apply) | Bank transfer 

**Receive by:** Bank account | Cash pickup (100,000+ locations) | Mobile money | Home delivery (express options)
 
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**Security:** Regulated and partnered with the financial institutions of the countries they operate in

**Support:** 24/7 customer support

**Offers:** Delivery promise ‘on time or get your money back’. Often also have ‘first transaction’ offers
 
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**How to send money with Remitly**

1. Click ‘go to site’ and register with them online in minutes 
2. Enter your transfer details, your preferred collection method and recipients details 
3. Choose your method for payment 
4. Pay for your transfer and you’re done!

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Remitly

Founded in 2010. Available in 150+ countries. Trusted by over 4 million customers worldwide. 

**Max:** £50,000 (by bank transfer) 

**Min:** No min

**Send by:** Debit / credit card (fees apply) | Bank transfer | Apple pay 

**Receive by:** Bank account | Cash pickup | Mobile money | Airtime top-up | Home delivery 
*Methods vary by country*
 
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**Security:** Regulated by the UK’s Financial Conduct Authority (FCA)

**Speed:** In minutes except bank transfers or home delivery which take 1 – 2 days

**Support:** 24/7 customer support

**Offers:** New customers get first 3 transfers fee free
 
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**How to send money with WorldRemit:**

1. Click ‘go to site’ and register with them online in minutes 
2. Enter your transfer amount, your preferred collection method and recipients details 
3. Pay for your transfer. Payment methods will vary by country

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WorldRemit

Transfer today to get this exclusive new customer rate 

Great for customers looking for personalised phone service, with a dedicated account manager.

**Max:** No max

**Min:** £100

**Send by:** Debit card | Bank transfer (credit cards not accepted) 

**Receive by:** Bank account | TorFX wallet (no cash pick up available) 
 
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**Security:** Licensed by the Australian Financial Services (AFSL). Regulated by the Australian Securities and Investment Commission (ASIC)

**Support:** Exceptional customer service available 24/7

**Offers:** They offer a gift voucher if you refer a friend
 
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**How to send money with TorFX**

1. Click ‘go to site’ and register with them online, it takes about 5 mins 
2. You’ll need to provide some identification too and it can takes a few hours to verify your identity 
3. After this you’ll receive your quote. Then fill in the recipients details 
4. Pay for your transfer and you’re done!

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TorFX

Total includes special Exiap rate and no fees on all your OFX transfers

Founded in 1998. Largest Australian owned money transfer company. Easy to use products with exceptional customer service. Competitive rates especially for larger transfers.

**Max:** No max

**Min:** £150

**Send by:** Bank transfer only (debit/ credit cards not accepted) 

**Receive by:** Bank Account | OFX wallet (no cash pick up available)
 
 
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**Security:** Over 55 regulators globally and listed on the Australian Securities Exchange

**Support:** Global support teams to help you round the clock

**Offers:** Unlimited fee free transfers – exclusive Exiap deal
 
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**How to send money with OFX**

Click ‘go to site’ and register with them online, it‘s easy and will take no more than 5 mins. 
Once you provide some ID, OFX will let you know when your account is ready. 
Once approved simply confirm the details of your transfer, your personal details and the recipients details. 
Pay for your transfer and you’re done!

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Established in 1996. Global offices. Award winning service with local expert advice. Great phone service, but the website isn’t the simplest. Exceptionally good rates for larger transfers and no transfer fees.

**Max:** £100

**Min:** £25,000 for online transfers; over the phone for larger amounts 

**Send by:** Bank transfer | Debit card (credit cards not accepted)

**Receive by:** Bank account | Currencies Direct wallet
 
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**Security:** Registered at federal level with the Financial Crimes Enforcement Network (FCEN)

**Support:** Exceptional support and insight from a dedicated Account Manager

**Offers:** Refer a friend and receive a gift voucher
 
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**How to send money with Currency Direct**

1. Click ‘go to site’ and register with them online in minutes or over the phone. 
2. You need to provide a copy of your identity documents such as driving license or passport or utility bill. 
3. When you’re ready you can transfer through the app or by phone. 
4. Share your transfer details, your preferred collection method and recipients details. 
5. Pay using a debit card or bank transfer and you’re done!

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Currencies Direct

Exiap makes finding the best money transfer exchange rates simple. You can find the cheapest way to exchange currency in seconds. Compare foreign exchange rates from GB banks and money exchangers. GBP to USD, EUR, GBP, JPY, NZD and more.

Şeyma Mektepli Editor-in-chief