Compare international business transfers

Maximize your cash flow and take advantage of great rates with a competitive international business transfer.

The world is more connected than ever before thanks to modern technology and the Internet. Businesses send money overseas for many different reasons, from paying international suppliers to buying stock or consolidating their financial strength in overseas markets.

There are now more international money transfer options for businesses to choose from than ever before. If you compare providers, it’s possible to find the best deal that offers fast and affordable methods of moving funds across international borders.

Compare business transfer options below.

Rates last updated July 17th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
USD 150
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.

Send money overseas in 45 currencies.
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
WorldRemit International Money Transfers
CAD 0.51
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Exclusive: World First International Money Transfers
CAD 250
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TransferWise International Money Transfers
CAD 2.50
1 - 2 days
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
XE International Money Transfers
1 day
Online, Phone, Bank Account to Bank Account
Send money in more than 60 currencies. Fee-free international money transfers with a global brand.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

You can use the table above to browse through different money transfer services until you find one that interests you. Sort through products using the headings to find one with the right fees, transfer times and minimum transfer amounts for your needs. If you want to read more about a product, click “More” or click “Go to Site” to register for a service.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

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Why should I compare providers when sending money overseas?

Time can be very precious, which often means that many business owners choose to send money transfers through their regular banks. Unfortunately this is one of the least efficient and most expensive ways to send money overseas. Banks may offer poor exchange rates, a lack of useful features, charge high fees and may not deliver the types of currencies to the destinations you need.

When comparing money transfer services to banks, you may notice that money transfer providers generally offer better exchange rates to their customers than banks do. Even a small difference of one or two cents can add up to a big saving when you transfer several thousands of dollars at one time.

Money transfer companies also offer lower fees than banks, saving you more money. Fees can add up quickly, especially if you send regular scheduled business transfers, so it pays to compare any hidden charges that may be included. In addition, many money transfer companies offer to waive their transfer fee when you send more than a certain amount of money, so keep an eye out for this feature as well. This tends to apply on amounts starting at $10,000.

Money transfer companies normally transfer funds quicker than banks can, which is an important feature in the business world. Some companies offer transfers within 24 hours or even minutes, while banks can take up to five days to send your money.

Case Study 1: Money transfer provider vs bank

Kevin is a small business owner who wants to send a one-off payment of $15,000 from Canada to an important supplier in the United States. Although tempted to use his regular bank to perform the transaction, he decides to compare sending the money through his bank or via a money transfer provider.

BankMoney transfer service
Exchange rate0.740.78
Amount transferredUS$11,085US$11,617.41

His bank offers an exchange rate of US$0.74 and charges a transfer fee of $25. This means that when Kevin transfers his payment of $15,000 CAD, only US$11,085 will arrive.

A dedicated money transfer provider will waive its transaction fee (usually $15) for transactions in excess of $10,000, plus it gives him an exchange rate of US$0.78. This means that US$11,617.41 is transferred to Kevin’s supplier, US$532.41 more than if he had used his bank to send the money.

Case Study 2: Limit Orders

Another way you can save money on international business transfers is with limit orders. A limit order allows you to specify a target exchange rate for your international money transfer, and your money transfer provider will then monitor the market and send your transfer when the chosen rate is reached. This allows small business owners to take advantage of fluctuating exchange rates when sending money overseas.

For example, when Kevin wants to send $15,000 CAD to the United States and is offered an exchange rate of US$0.78, he believes he will be able to find a better deal. He places a limit order with his money transfer company not to transfer the funds until an exchange rate of US$0.80 is available, and when the market hits this rate four days later, his funds are sent. This allows Kevin to save a further US$300.

Normal transactionLimit order
Exchange rate0.780.80
Amount transferredUS$11,617.41US$11,917.41

Which companies will allow me to send money overseas as a business?

It’s possible for businesses to send money overseas through many Canadian banks, including TD, Bank of Montreal, Royal Bank of Canada, CIBC and Scotiabank. However, business owners can also conduct international money transfers through specialist companies like OFX, TorFX, CurrencyFair, TransferWise and others.

In many cases, you can save money by using the services of a money transfer provider instead of a regular bank. Money transfer providers usually offer better exchange rates, lower fees and faster processing time for transfers. While banks offer a wide range of financial products and services, international money transfer providers specialise in sending funds overseas.

What features should I compare when I want to send money overseas?

Compare the following factors when choosing a money transfer provider to conduct your business transfers:

  • Competitive exchange rates. When the exchange rate is higher, more money will end up in your recipient’s bank account. It’s quick and easy to compare exchange rates online and money transfer companies typically offer better rates than banks. Some companies also offer better rates to business customers than personal customers, so compare this feature as well. Remember to consider both exchange rates and fees when comparing companies.
  • Little or no fees. Read the fine print to discover any fees or charges which will be attached to your transaction, as well as whether or not you can save money by doing your transfer online instead of in a branch. Many online transfer providers will waive their transfer fee when you send more than a certain amount, so look into this feature if you plan to send a large sum of money.
  • Ability to schedule payments. Check to see if the provider allows you to set up regular scheduled payments. This provides convenience for business owners and can help you organize your budget more effectively.
  • Limit orders. Limit orders let you take advantage of fluctuating market exchange rates, so check which providers offer this feature. Remember to establish whether any fees are attached to this service.
  • Forward contracts. A forward contract lets you lock in an exchange rate now for a money transfer that will take place at a later date. Consider which providers offer this, how far in advance contracts can be set up and whether or not extra fees are attached.
  • Customer service and availability. Consider which provider has the best reputation for customer service. Is assistance available online, over the phone and via live chat? During what hours can you contact customer support? This is important to consider in case you ever have issues with one of your transfers that need to be resolved quickly and efficiently.
  • Supported currencies. Different money transfer providers will offer to transfer funds to a range of different supported currencies. Most providers will let you send funds in a number of commonly traded currencies, for example USD or GBP, but depending on your business you may need to trade more exotic currencies. Make sure you compare providers that offer the currencies you require.

Some questions our users have asked in the past

This varies between providers. Certain currencies are staples on the international currency market, such as the United States Dollar or the Euro, while other currencies are rarer. Contact your provider for a full list of the available currencies.

If you need to conduct an international business transfer, it really does make good financial sense to shop around and compare your transfer options. This will ensure you save money and your transfers are processed fast. You can start the comparison process at

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