HiFX international money transfer review

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

When you need to get money to a loved one overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Sending money doesn’t have to be expensive.

HiFX offers you the ability to convert funds into over 20 currencies and transfer them internationally at the touch of a button, and does so with low fees and competitive rates.

Product NameHiFX International Money Transfers
Min. Transfer AmountUSD 100
Max. Transfer AmountUSD 500,000
Transfer Methods
Transfer Options
Regular paymentsOne off paymentsMarket ordersForward contracts...
Transfer Speed
Minimum transfer time
3 - 5 days
Banking PartnerHiFX
Customer Service
Exchange Rate UpdatesReal time

What is HiFX?

HiFX has offered affordable international money transfer services since 1998. Founded out of frustration at the poor value for money on offer from big banks, HiFX is part of Euronet Worldwide, which also owns Ria Money Transfer. Every year, more than 100,000 people and 6,000 businesses use HiFX to send funds overseas.

How much does it cost to send money with HiFX?

HiFX charges a flat $5 for money transfers of up to $5,000. For transfers of $5,000 or more, you pay no transfer fees. You’ll need to send a minimum of $50.

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.

You can save additional money with their simple fee structure. HiFX charges a flat transfer fee of $5 and waives the fee for transactions over $5,000.

What do I need to send money using 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 or credit card information
  • A valid driver’s license, passport or Social Security number
  • Your transfer amount and currency you’ll be transferring it to.

The Registration and transfer process

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 transferring money internationally with HiFX

Step 1 HIFX Money Transfers

Choose whether you’re creating a personal account or a business account. You cannot initiate transfers HiFX’s financial experts approve your account.
Step 2 HIFX Money Transfers

Create a unique password for your account and choose a security question to answer if you ever need to reset your password. Click “Continue.”
Step 3 HIFX Money Transfers

Step 4 HIFX Money Transfers

Select the country from which you will be sending money and how you learned about HiFX. Click “Continue.” Your application to transfer money with HiFX is now complete. HiFX will email you within 24 hours with information about your application and initiating transfers. Once accepted, you can begin sending money by entering your recipient’s name and bank account information and your bank account information for payment.
Step 5 HIFX Money Transfers

What happens next?

  • 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. PST at 844-832-1367 or anytime at info@hifx.com.

Calculate receive amounts with HiFX’s exchange rate

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 18.894 Online, Phone MXN 94,376 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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Available currencies

HiFX offers a range of currencies, including:

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Frequently asked questions about HiFX

Unfortunately at the time of writing HiFX only accepts bank transfers.
HiFX takes many different measures to ensure your money is safe. Some of these measures include VeriSign, which is an online security system used by 97% of the world’s top banks, and your funds are always held in segregated client accounts.
HiFX will offer you a competitive rate based on how much you’re transferring, what currency you’re transferring to, and a number of other factors, including the market exchange rate at the time.
HiFX makes their money through what is known as ‘the spread.” This basically refers to the difference in the buying and selling prices of a currency, which is the same way a regular bank or currency dealer makes a profit.

If your transfer hasn’t arrived within four days, call HiFX at 1-844-832-1367.

When processed through a reputable bank or company, your funds are safely tracked until in the hands of your recipient. And if you’re sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees up front and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.

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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.


  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.