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Alternatives to TransferWise

The best companies similar to TransferWise for sending money overseas.

Looking for other money transfer services better suited to your needs? If TransferWise doesn’t support your currency or you just want to know what else is out there, check out some other options below.

We’ve listed out some of the more popular alternatives and highlighted what features they have that TransferWise doesn’t.

Sites like TransferWise

  1. OFX
  2. WorldRemit
  3. WorldFirst
  4. TorFX
  5. MoneyGram

ofx logo

OFX

Also known as OzForex, OFX has expanded to Canada and aims to beat the exchange rates offered by banks.

Why pick OFX instead?

  • No fees on transactions over $10,000
  • Offers more currencies
  • No maximum limit for how much you can send

Downsides

  • Doesn’t use the mid-market rate
  • Only accepts bank transfers as payment


worldremit logo

WorldRemit

WorldRemit has one of the largest ranges of countries you can send to, as well as a variety of payment options.

Why pick WorldRemit instead?

  • Able to transfer to cash pick-up locations or mobile wallets
  • Instant transfers available
  • Supports many exotic currencies

Downsides

  • Only sends mobile credit top-ups to some countries
  • Low maximum transfer limit makes it bad for large transfers


WorldFirst logo

WorldFirst

WorldFirst has a higher minimum transfer amount than TransferWise, but balances it with no maximum limit.

Why pick WorldFirst instead?

  • No transaction fees
  • Price Promise, where WorldFirst will beat another quote
  • No maximum transfer amount
  • Forex tools like limit orders and forward contracts available

Downsides

  • Can’t send amounts lower than $2,000
  • Only supports bank transfers
  • Receiver has to have a bank account


TorFX logo

TorFX

TorFX lets you make personal or business transfers to over 40 currencies around the world.

Why pick TorFX instead?

  • Assigned a personal account manager to help you out
  • No fees
  • Price-match guarantee
  • Forex tools to help you get the exchange rate you want

Downsides

  • Only a limited number of currencies, so check before signing up
  • Can only pay by bank transfer and send to bank accounts
  • Adds a margin to the exchange rate


MoneyGram logo

MoneyGram

One of the most well-known transfer brands, MoneyGram sends money to more than 200 countries. Both MoneyGram and TransferWise let you send small transfers, with a minimum transfer amount of $1.

Why pick MoneyGram instead?

  • 350,000 cash pick-up locations worldwide
  • One of the largest ranges of currencies
  • Almost-instant transfers
  • Can pay by cash and in-person

Downsides

  • High transfer fees
  • Can’t send more than $2,500.
  • Adds a bigger margin to the exchange rate than other, smaller transfer companies


Still looking for other options?

If the above companies aren’t quite right for you, there are even more options in the table below. Enter how much you want to send in the calculator and you’ll be shown how much your receiver will get.

Rates last updated July 17th, 2019
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
CAD 0
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
TransferWise International Money Transfers
CAD 1
1 - 2 days
Online
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
WorldFirst International Money Transfers
CAD 2,000
1 day
Online, Phone
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
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.
XE International Money Transfers
CAD 0
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.
CurrencyFair International Money Transfers
CAD 5
1 - 2 days
Online
Special offer: Pay zero fees on your first 5 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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.
Venstar Exchange International Money Transfers
CAD 7,000
1 day
Phone, Bank Account to Bank Account
Venstar Exchange offers competitive exchange rates and zero fees on large transfers over US$10,000.
CurrencyTransfer International Money Transfers
GBP 5,000
1 - 2 days
Online, Phone, Bank Account to Bank Account, International Money Order
Aimed at larger transfers, CurrencyTransfer is an online marketplace that lets you shop around for the best exchange rate.
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

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