Top International Money Transfer Services 2022

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Transferring money abroad? Join us on our mission to find the cheapest way of transferring money overseas as we compare some of the best international money transfer companies in the world! We only recommend fully-regulated, client-oriented, money transfer services with a proven track record and at least tens of thousands of clients.

The best money transfer companies in the world

View our in-depth articles for the best money transfer companies in each location.

Popular locations:

Best money transfer companies UK and Europe

Best money transfer companies USA

Best money transfer companies Australia

Best money transfer companies South Africa

Best money transfer companies Canada


We make our recommendations after carefully reviewing these service providers’ trading history and currency offering, testing their online platform and mobile apps, and speaking directly to their expert dealers. Some of the rates presented here are exclusive to our readers.

Best International Currency Provider List:


Service Provider



WF red logo

Review Rating:
10 / 10

Min. Transfer: $ / £ / € 1,000, or Equivalent.

Wire Fees: None. 0.5% to 0.15% foreign exchange margin – cheapest in the market.

Personal Dealers? Yes, a Dedicated Dealer.

From: UK, EU, Australia, Canada, NZ, Singapore + 100 More Regions.

Preferential Rates for Our Readers (View WorldFirst Rates Here)
Global Reach logo

Review Rating:
9.5 / 10

Min. Transfer: $ / £ / € 500.
Offices: UK, South Africa, Cyprus.
Transfer: Online or by Phone.
Fees: None.
Best For: Property, Business, Large transfers.

Preferential Rates for Our Readers (View Global Reach Rates Here)
transferwise logo

Review Rating:
9.2 / 10

Min. Transfer: None. All Transfers are accepted.
Wire Fees: 0.5-0.7% Per Transfer For Most Currency Routes. Min £/€ 2 For Small Transfers.
Personal Dealers? None, just online platform.
From: UK, EU, USA, Australia, Canada, Romania, Estonia. Lithuania.

Best Rates For Under £10,000 Transfers (View Transferwise Rates Here)
Currenciesdirect logo

Review Rating:
9.1 / 10

Min. Transfer: $ / £ / € 100, or Equivalent.
Wire Fees: None.
Personal Dealers? Yes, a Dedicated Dealer Above £ € $ 5,000.
From: UK, EU, USA, Australia, Canada, NZ, South Africa, UAE, Sweden, Norway +30 More Regions.
Moneycorp logo

Review Rating:
8.75 / 10

Min. Transfer: $ / £ / € 50 or Equivalent.
Wire Fees: None for Readers Who Use Our Link.
Personal Dealers? Yes, a Dedicated Dealer.
From: UK, EU, USA, Australia, Canada, Sweden, Norway, Switzerland.

Review Rating:
8.5 / 10

Min. Transfer: None.
Wire Fees: €3 + 0.35% of transaction value.
Personal Dealers? None, just online platform.
From: UK, EU, Australia, Canada, Czech Republic, Sweden, Poland + 10 More Regions.
Rates: Slightly worse than Transferwise (view Currencyfair Vs. Transferwise comparison).

All our recommended companies through our website are approved by UK’s Financial Conduct Authority as Payment Institutions, and registered with HM Revenue & CustomsTo view additional similar options top-notch option you can view this: top international transfer company list.

How International Money Transfer Work

beginners guide

International Money Transfer Comparison – 2022 Updated

We are making our utmost efforts to ensure that we recommend only the best international money transfer services out there, both online and offline. We constantly compare dozens of money transfer providers but only include companies that comply with the following requirements:

  1. They have been in the business of sending money abroad for at least five years.
  2. They trade at least hundreds of millions of pounds annually.
  3. They have at least 85% positive client reviews online.
  4. They allow clients to send payments through an online platform, via email, and over the phone.
  5. They deal with more than 20 different currencies and are able to transfer money to all the popular destinations.
  6. They have offices in at least two countries.
  7. They offer dedicated account managers to provide guidance on currency movements.
  8. They offer cheap foreign exchange rates for international wires and charge no fees to enable savings of at least 50% in costs compared to banks.

In addition to reviewing and grading them individually, we always want to take it even more in depth, so we created pages where we compare companies side by side. Here are a few of the most popular money transfer comparison pages on


Minimising Foreign Exchange Risks for Businesses

Whether you’re a large corporation, a small business, or even a private individual receiving money from abroad or making an overseas wire payment, currency hedging may be right for you. Besides finding the cheapest way to send money internationally, which is an important step towards cost reduction, fixing the current rate for a period of up to 12 months may prove useful. Fixing rates through hedging tools like forward transfers, limit orders, and swaps can help you reduce the volatility and budget your funds better.

For more information, you can sign up with a company and request more details, or read our foreign exchange hedging guide.

Currency Hedging Services

6 Things To Monitor When Sending Money Abroad

globeYou have decided to make an international money transfer, so here are some easy tips to ensure your currency transfer stays on the straight and narrow. These are all considerations we have made before recommending the cheapest companies. It’s not only because their wire fees are the lowest and exchange rates are the cheapest; it’s because we understand the industry and the concerns of our readers.

The below tips are the cornerstone of smart international money transfers. Don’t overlook those, because it will cost you money in the long run! Additional information to be found on this guide – transfer money abroad by

1. Your own strategy:

This is something that may sound straightforward, but it is often overlooked by customers. The most important thing to monitor when making a foreign currency wire payment abroad is to have a clear goal in mind.

Many customers decide to move money abroad without actually thinking deeply about why they’re doing so, as long as it’s cheap. They are actually not searching for the best companies in the market but rather making an arbitrary call.

Some easy questions that should be answered even before considering a foreign currency provider are:

  • Is the transaction a one-off or the first of many?
  • Does the transaction have to be done immediately, or can it be done at a later date with a potentially better exchange rate?
  • Is a simple spot transaction the most appropriate solution, or will an FX forward rate be more suitable?

The simple and easy solution is to stick to large brand name companies, such as the ones featured on this website, that have all the required capabilities.

2. Additional charges:

Any currency transfer to a bank account abroad is likely to involve a commission fee based on the size of the transfer or sometimes a flat standard rate.

For customers, a key consideration is what those charges can add up to if they’re not agreed upon beforehand. Depending on where and in what currency the money is being sent, there will invariably be a range of associated fees, including bank charges that can become unmanageable rather quickly if you’re planning on doing multiple transactions in a short period of time.

One easy example is ‘transfer speed’. For an additional charge, customers can reduce the time it takes for their payment to reach its destination. Unless specifically determined or agreed upon beforehand, the currency provider may select the fastest—and most expensive—delivery time, thereby increasing the amount paid in charges.

The simple and easy solution is to stick to cheap money transfer services like those compared on our website. We have already inspected their fee structures and have verified that they are favourable for the client. 

3. Honeymoon Rates:

Some of the best-known payment providers out there will often offer attractive promotional deals that provide ultra-competitive money transfer exchange rates—but only temporarily. For holidaymakers, some companies will offer a fixed exchange rate to allow customers to receive the same rate when going on holiday as they do when coming back.

These types of deals can be enticing, but customers should consider whether they are suitable or advantageous given their specific circumstances and objectives. Remember that many offers and promotions come with extensive terms and conditions, which are also a good idea to read through before making a large monetary commitment to any deal. Make sure that for each and every large transfer, you compare money transfer companies.

The simple and easy way to avoid that is stick to reputable companies that have tens of thousands of satisfied clients, such as the money transfer services featured on this website.

4. Quoted rates:

This may be a bit of an obvious one, but customers should monitor global currency fluctuations on a regular basis and have a strong understanding of the difference between retail rates and interbank rates.

Retail rates are typically more expensive than interbank rates, with the actual differences varying immensely between various currency exchange companies. Customers should pay attention to the interbank market and note how their currency exchange provider determines the rate being quoted to them. This will help determine how competitive their currency provider is and how they compare to others.

The simple and easy solution for that is to view the roughly expected rates we have listed on our website and to compare them in real time with your bank or current broker. 

5. Security:

This is rarely a huge issue when it comes to simple one-off currency transfers, but it is still a point well worth thinking about when sending money abroad.

Sending money to a G20 country is typically easier and less cumbersome than sending money to less developed countries. Customers are not obligated to carry out various Know Your Customer (KYC) checks as part of anti-money laundering legislation, but their currency provider is. Therefore, it may be a good idea to deal through a fully regulated currency provider, especially when receiving money from a country designed as ‘high-risk’ or ‘medium-risk’ by regulatory agencies such as the FCA, NFA, and FSMA.

This will ensure that your money is segregated and that the company handling your money is in control of its compliance and risk management operations.

The simple and easy solution for that is to stick to our top-recommended company choices. We have already checked the regulator’s database to make sure each company is operating legally.

6. Online reviews:

One final thing that may be of great help to customers aiming to get the most out of their foreign currency transactions is online reviews.

The more online reviews a company has, the more likely it is to be genuine and offering a reliable service. However, that doesn’t mean that if a company has bad reviews, it is unreliable.

Ideally, customers should find it easy to communicate with their provider, and as an indicator of best practise, they should be accustomed to receiving regular information relating to the provider’s services, offers, policy changes and any upcoming product changes. A strong relationship with your provider can also help to reduce the number of fees, charges, and commissions being paid.

There are, of course, occasional exceptions, but the bottom line is that if a currency provider doesn’t do right by its customers, it will not have customers for long. Reading the experiences of other customers may provide that little bit of additional information required for you to make your decision.

The simple and easy solution to that is to read through the variety of reviews we have on our website, with the best currency brands, like WorldFirstTransferWisePayoneer, and Currencies Direct, as well as side-by-side comparisons like TransferWise vs. PayPal and TransferWise vs. CurrencyFair.

The Currency Transfer FAQ

What is Commercial FX

Commercial FX companies are an alternative to the traditional banking system’s wire transfers. Similarly to banks, they are connected to financial messaging systems like SWIFT, allowing them to send money internationally between bank accounts.

What differentiates foreign exchange companies and banks is essentially pricing and service. Banks have high transfer fees, sizable spreads, and do not allow private clients direct access to the FX trading rooms; commercial FX firms are basically currency wholesalers: As such, they use smaller spreads, charge no fixed fees on international wire transfers, and enable clients to receive guidance and support directly from a licensed currency dealer.

What’s a Dedicated Dealer?

The top currency firms will offer another advantage in the form of a dedicated dealer. For large transfers, like property purchase, luxury payments, emigration, or business, there’s a certain level of complexity involved. It’s not only a matter of trading the currency at the price, but also at the right time, where conditions are most favourable. These companies will offer you impartial expert advice with the hope of saving your money.

Your dedicated currency dealer will:

  1. Weigh in the different options that you have, by educating you about different type of contracts that allow you to lock future price with today’s rates, or watch the exchange rates on your behalf and notify you once the rate has reached a certain point.
  2. Provide you with his expert opinion on currency trends. He will explain his forecast and reasoning, and can potentially save you thousands by telling you to lock the rate at the right time.
  3. Help you execute the payment itself, including options like regular payments (for things like salary, pension, mortgage). He will optimize the payment plan so the least amount of fees (including recipient banks’ fees or taxes) will be incurred.

What Does It Take to Sign Up?

When you choose to work with a currency firm, you firstly need to sign up. It is advisable you’ll do that using our website, because some of our partner links provide clients with benefits (example: with Moneycorp our link saves all fixed transfer fees which are usually incurred by the company).

We only recommend companies where this process is as hassle-free and seamless as possible.

It’s absolutely easy for UK-based, European, New-Zealander or Australian clients to get verified accounts, but International money laundering laws make it a tad more difficult in other regions of the globe. American clients might need to send more documents, as does middle-eastern and east-Asian clients, but they are happily accepted by the majority of these firms. Transferring currency from regions like India, Pakistan, or Africa is virtually impossible with our recommend companies.

How Does The Process Look Like

Once you are registered with any firm, you are able to receive quotes for your international money transfer inquiry. You can get it directly on your online payment platform, or via telephone. It’s recommended you’ll use the phone for large transfers because you may be able to get a better foreign currency than the default price stated on the online system. If you are on the market to compare exchange rate spreads, and get the absolute cheapest quote, you can sign up with multiple companies and test their offering in real-time.

If you like the price you have received, you could book the transfer immediately. Either through the online payment system, or by verbally agreeing to the price offered to you by telephone. At that moment, your price is locked, and you are able to transfer money to fund the transaction in up to 5 days. One option is to pay the due amount by credit card or credit (optional only in some companies like World First). That makes the deal more expensive and ill-recommended unless the amount transferred is very small. The other option is to locally wire the funds to a domestic bank account that will be communicated to you. That company owned bank account will be a safeguarded account dedicated only for client funds.

Once the funds have reached the company’s domestic bank account, your transferred will be automatically wired to its destination as you specified, and you will receive a confirmation. In most popular destinations should take no more than 24 hours to receive the cross-border payment.

Illustration of the money transfer process via commercial firms

How Do You and These Companies Make Profit?

International currency transfers incurs fees derived from the Buy/ Sell currency rates. The prices you see on places like Yahoo! Finance’s currency converter are the mid-market rates between bank transactions (where banks trades currencies with other banks). The retail price is completely different than that. Banks can charge markups that are high as 5% of the lump sum transferred, in addition to a fixed fee, while commercial currency transfers use tighter margins (usually around the 1-2% but could be much lower for high-volume transfers). That 1-2% represents their revenues (while it’s definitely not all-profit).

We drive in profits by referring clients to the foreign exchange companies listed on our site. Getting to a company through our affiliated links will not incur any additional fees. On the contrary, in many cases you can save money by using our partner links because it would induce extra perks. Our choices are well elaborated, and we only work with companies which have proved themselves as market leaders in the currency industry. You are welcomed to read the detailed reviews we have created for each of the companies to learn more about them.

What Do We Do?

What we do

imtlogo provides information on international money transfers. We don’t handle currency exchange, send money overseas, or receiving payments from abroad ourselves. We don’t provide individual financial advice. We try to help our audience to make an informed choice on what is the cheapest ways to move money between different countries. Nothing more, nothing less.

More About This Guide

Our goal here at is to provide our target audience with a complete and enjoyable experience. That audience consists of SME owners, expatriates, immigrants, property investors, foreign stock market investors, luxury buyers, and people who have relatives abroad. These audiences are somewhat diverse by nature, and that’s exactly why we have decided to branch out and offer specialised guides dealing with a variety of topics.


Expats and immigrants: read our lengthy USA immigration guide written by a specialist lawyer, read our general Emigration tips and read our extensive list of best expat blogs.

Be sure to check the most popular emigration destinations in the world like the USA (number of expats and immigrants: 45m) , Germany(number of expats and immigrants: 9m), UAE (number of expats and immigrants: 7m), France  (number of expats and immigrants: 7m), Canada  (number of expats and immigrants: 7m), Australia (number of expats and immigrants: 6m), and Spain (number of expats and immigrants: 6m).


Property buyers: read our top 5 tips for overseas asset purchase, learn how to fix the exchange rate and read our large money transfer best price guide.

Learn what are the best companies and most premium property destinations in a country like  France, Spain, USA, UAE and Australia.

 imageedit_3_3046246062Sole traders and businesses: Learn how to save money on FX while freelancing, or learn how to haggle on the price with our large currency transfer guide.

Don’t forget to control your FX exposure using our hedging guide.

Our Vision

International Money TransfersWe strive to make into a global leader in the comparison of international payments. We want this website to be your Go-To Destination for any information you may require about international money transfers – whether it’s which provider to use to conduct your transaction, or other information you require relating to international transfers. Our biggest advantage over our competitors is our exclusive money transfer rate deals you can find on the site. All of our recommended providers offer improved rates to clients who sign up through our referral links (over clients who sign up directly through their website). We hope to get even better currency exchange rate deals for our clients while improving our content.