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Alternatives to Wise (TransferWise)

Compare companies with set fees, better exchange rates and more tools to transfer your money for less.

Wise supports bank-to-bank transfers only and doesn’t send money to some of the more exotic locations, so it won’t be convenient for all transfers. Its fees also depend on the amount of money you’re sending, which can get expensive fast.

To help you find the best money specialist transfer for your needs, compare popular alternatives offering features that Wise lacks.

Western Union logo

Western Union

With more than 145 years in the business, Western Union’s network includes more than 500,000 locations worldwide and supports a wide assortment of transfer options, including cash pickup.

Why pick Western Union instead?

  • Trusted provider since 1871
  • 500,000+ global agent locations
  • Fees based on transfer amount


  • Weak exchange rates — often 5% higher than the mid-market rate
  • Higher fees than most digital competitors

XE logo


XE’s money transfer services extend to businesses looking for the flexibility of forward contracts and market orders, so you can use it for more than just sending money to friends and family abroad.

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Why pick XE instead?

  • Low transfer fees
  • Transfers of up to €500,000
  • Supports 55+ currencies


  • Bank-to-bank transfers only
  • Must register with XE to compare live rates

WorldRemit logo


WorldRemit offers a large selection of payment options and is an industry leader when it comes to the number of countries you can send money to.

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Why pick WorldRemit instead?

  • Noteworthy delivery options: cash pickup, mobile wallets, home delivery
  • Supports exotic currencies, such as exchanging Rwandan francs for Nepalese rupees
  • Mobile airtime top-ups through account transfers


  • Low €8,000 daily limit
  • Fees and exchange rates are dependent on currencies being transferred
  • Mobile airtime, cash pickups and door-to-door transfer not available in every country

InstaReM logo


InstaReM offers the mid-market rate on some of its transfers during certain trading hours — the company doesn’t make it clear which currencies and hours this applies to. Make sure the rate you are getting is as close to mid-market as possible before completing your transfer.

Why pick InstaReM instead?

  • Transparent fees
  • Same-day transfers for most supported currencies
  • Loyalty points system that can be redeemed against transactions


  • Transfers must be sent to a bank account
  • Must pay via bank transfer or debit card
  • Fewer supported currencies than many competitors

Xoom logo


Xoom, a PayPal service, is one of the few money transfer services in the industry to back its transfer times with a money-back guarantee.

Why pick Xoom instead?

  • Money-back guarantee if your transfer doesn’t arrive on time
  • Cash pickup and home delivery possible in many countries


  • Requires a government-issued ID
  • Not available worldwide
  • No live chat customer service option

OFX logo


OFX is pretty similar to Wise but varies where it really matters — fees and limits.

Why pick OFX instead?

  • No transfer fees
  • Exchange rates get stronger with larger transactions
  • No maximum transfer limit


  • Can only send to a bank account
  • Must verify new accounts by phone
  • Minimum transfer amount of GBP£100 or equivalent
  • Doesn’t use the mid-market rate
  • Only accepts bank transfers as payment

MoneyGram logo


MoneyGram has over 350,000 agent locations worldwide and transfers funds to over 200 countries, which is one of the largest networks available. Both MoneyGram and Wise are better for smaller transfers, as they both have low minimum transfer amounts of €1.

Why pick OFX instead?

  • 350,000 cash pickup locations worldwide
  • Almost-instant transfers in a huge range of currencies
  • Can pay by cash and in-person


  • Maximum online transfer amount of €7,000, although it can be lower for other currencies
  • High transfer fees that depend on payment type and destination
  • Typically has higher margins on exchanges than other smaller companies

Still looking for other options?

If the above options aren’t hitting the right notes with you, use the table below to find more options by entering the amount and destination of your transfer. Alternatively, learn more about Wise in our review.

Name Product Minimum Transfer Transfer Time Transfer Fee
Wise (TransferWise) - Ireland
1-2 days
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
CurrencyFair - Ireland
1-2 days
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Azimo - Ireland
GBP 10
New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
XE Money Transfers - Ireland
Same day
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit - Ireland
Same day
New customers send EUR 20 to Lebanon and use code EURO10 for a USD 10 discount. Valid till 7 November 2021. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.

Compare up to 4 providers

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