HiFX international money transfers review February 2018 | finder.com

HiFX international money transfer review – February 2018

HiFX offers competitive exchange rates and no fees when transferring money overseas.

When you need to send money overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process.

Sending money with HiFX is simple and cost-effective. HiFX offers you the ability to convert funds into over 120 currencies and transfer them internationally at the touch of a button, and does so with no fees and competitive rates.

Product NameHiFX International Money Transfers
Min. Transfer AmountUSD 100
Max. Transfer AmountUSD 500,000
Transfer Methods
OnlinePhone
Transfer Options
Regular paymentsOne off paymentsMarket ordersForward contracts...
Transfer Speed
Minimum transfer time
3 - 5 days
Banking PartnerHiFX - US
Customer Service
PhoneEmail
Available CurrenciesAED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, JPY, KWD, MXN, NOK, NZD, PLN, RON, SAR, SGD, TND, TRY, USD, ZAR
Exchange Rate UpdatesReal time

Pay no fees and get excellent customer service on your international transfers

HiFX offers competitive exchange rates and charges absolutely no fees. And their reputation for great customer service gives you the peace of mind knowing help is there if you need it.

  • Fast and easy. Make transfers online 24/7.
  • Peace of mind. HiFX’s parent company, Euronet, does business with some of the world’s largest tech companies, including Apple, Google and Amazon.
  • Customer service. HiFX is proud of its excellent customer service and provides the tools and answers you need to make a successful transaction.

How much does it cost to send money with HiFX?

HiFX charges absolutely no transfer fees, so you’ll always know exactly how much you’re paying. However, charges may occasionally be applied by a third party bank when transferring the funds to HiFX or before the funds arrive in the recipient account.

Competitive foreign exchange rates

HiFX boasts bank-beating exchange rates. Their exchange rates are linked to the live foreign exchange markets. When the markets are open, the exchange rate you are offered will often fluctuate right up until the moment you confirm your transaction. Your exchange rate is only fixed once you’ve confirmed your transaction.

Calculate exchange rates

Enter the amount you wish to send into the currency calculator below to learn HiFX’s current exchange rates.

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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.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting
Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
USD 100 3 - 5 days USD 5.00 18.458 Online, Phone MXN 92,197 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details

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What types of transfer can I make?

You are limited to bank-to-bank transfers only with HiFX.

Pros and cons

Pros

  • Safe and secure. Licensed as a money transmitter business, HiFX’s transactions are sent using Norton online security technology.
  • Trusted company. HiFX is part of Euronet Worldwide, the third-largest money transfer provider in the world. In 2013 alone, Euronet processed more than $60 billion in payments for many of the world’s leading companies.
  • No fees. HiFX charges no transfer fees.
  • Small & large transfers allowed. HiFX allows transfers of up to $500,000, with a minimum of only $100.
  • 24/7 transfers. Once you’ve set up your account, make transfers online 24 hours a day, 7 days a week.

Cons

  • Exchange rates not readily available. If you want to compare HiFX’s exchange rates with the rates offered by other companies, you’ll need to sign up for an account.
  • Bank-to-bank transfers only. HiFX does not accept cash, debit or credit card as payment.
  • No same-currency transfers. Your transfer must involve an exchange of currency.

How do I use HiFX?

To send money with HiFX, you need to create a free account, providing:

  • Your personal and contact information.
  • Your date of birth.
  • Your bank account information.
  • A valid driver’s license, passport or Social Security number.
  • Your transfer amount and currency you’ll be transferring it to.

How to make international transfers with HiFX

If you feel HiFX could be a useful service to you, you can carry out a transfer easily.

  • Register. First you’ll need to sign up, which is free and can be done at any time of the day. You can register by clicking the green “Go to Site” button on the right. You will also need to provide identification documents as well as a document certifying your address.
  • Get a quote. After you’ve registered, tell HiFX how much you want to send and where to. They can help suggest different ways to carry out your transaction.
  • Give your recipient’s details and when you’d like to pay them. The next step will require you to let HiFX know who you’re transferring to and when, and also will require you to provide a security payment.
  • Send HiFX your transfer funds. You’re now ready to send HiFX your money and begin the transfer.
  • Track your payments. You can now sit back and track your payment to ensure that it reaches its destination.

Steps to transfer money internationally with HiFX

What happens next?

  • Once you have confirmed the rate, you can not cancel or change any details of the transaction. Please check the details carefully before confirming the transaction.
  • HiFX will email you notifications to keep you up to date on the progress of your transfer until delivery to your recipient within one to four business days.
  • You can track your transfer online 24/7. If there’s any delay, contact HiFX from 6 a.m. to 6 p.m. Pacific standard time at 844-832-1367 or anytime at info@hifx.com.

Looking for an alternative? Check out these services similar to HiFX.

Bottom line

HiFX is definitely worth considering when you need to send a fast and secure international money transfer, but make sure to compare a range of transfer options before choosing the right provider for you.

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4 Responses

  1. Default Gravatar
    LindyMay 24, 2017

    I like to ask is there any charges for clearance suppose to pay by the receiver, when somebody transfere money from the bank of America to Nedbank south Africa?

    • Staff
      HaroldJune 27, 2017Staff

      Hi Lindy,

      Thank you for your inquiry.

      The fee/s may vary depending on the money transfer company. You may need to consider checking on this page to check the available options for you.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    RobertMarch 17, 2017

    I live Indonesia I want.tranferr from America to Indonesia but you don’t have it listed in your site.
    Do you transferr from theses country’s ?

    • Staff
      HaroldJuly 13, 2017Staff

      Hi Robert,

      Thank you for your inquiry.

      Should you need to transfer money in Indonesia you may want to consider the options here.

      I hope this information has helped.

      Cheers,
      Harold

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