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Review: Moneycorp online money transfers

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Make international transfers, or partner your business with Moneycorp to offer foreign exchange services.

Individuals can choose from several types of transfers to get their money abroad, while businesses can become a Moneycorp partner and extend foreign exchange services to their customers in addition their existing products.

USD 50

Min. Transfer Amount

No limit

Max. Transfer Amount

3 - 5 days

Transfer Speed


Product NameMoneycorp Exchange Experts
Min. Transfer AmountUSD 50
Max. Transfer AmountNo limit
Transfer MethodsOnline
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
3 - 5 days
Customer ServicePhone, Email
Exchange Rate UpdatesReal time


  • Competitive exchange rates.
  • Customer service.
  • You can transfer money anytime, anywhere.


  • Double currency conversion.

Get your money overseas, at a cost

Whether you’re buying property overseas or sending money to friends and family, Moneycorp can send your money where you need it at a competitive rate with all the help you want. With its free expert guidance, Moneycorp can help you save money by using their experience, market knowledge, technology and focus to get you the most competitive exchange rates.

While Moneycorp offers a lower margin than many banks, you might pay a little more than some online services. Funds will be converted to pounds when a payment is made to Moneycorp from America, and you’re charged for it. Converting a currency twice doesn’t make much sense when there’s a host of US-based money transfer companies, and you’ll pay extra for this two-step process.

What are Moneycorp’s exchange rates?

Exchange rates are typically 3 to 4% better than high street banks, which could equate to a saving of up to $4,000 on an overseas transfer of $100,000.

Moneycorp’s exchange rates are based on the mid-market rate and fluctuate over a general business day. Moneycorp adds its own 1% to 1.2% margin on the mid-market rate.

Make note that the rates quoted by its online calculator are the mid-market rates, not the rate you’ll pay. Even with the small margin Moneycorp adds to this rate, you’ll get a much better rate than you’ll find at your local bank.

How much will it cost to send money with Moneycorp?

Moneycorp charges a flat fee of about $6.50 for standard one-off transfers and about $11 for express service. If you set up regular recurring transfers, you’ll pay $5 or $10 for express.

Calculate your transfer with Moneycorp

Choose your currency and desired transfer amount (minimum $50). Exchange rates change frequently, so visit Moneycorp’s site to get a final quote.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 50 3 - 5 days USD 5.00 18.932 MXN 94,566 Full-service specialist offering competitive exchange rates and $0 fees on personal international money transfers. Go to site Show details

Compare up to 4 providers

What types of transfers can I make?

With Moneycorp, you have a few solid options when sending money overseas:

  • One-off payments. You can send spot transfers online of about $65 minimum.
  • Recurring payments. You can set up regular weekly, monthly or quarterly payments by locking in a rate or choosing to get the rate at the time of the transfer. You’ll need to transfer $315 or more to qualify for recurring payments.
  • Forward contracts. This tool allows you to lock in an exchange rate for up to two years in advance of your transfer.
  • Market orders. Specify the rate you want to pay, and Moneycorp will execute your transfer when the market hits it.

Your options for transferring money also come with speed options. Standard delivery is 2 to 4 days, or up to 2 days for express delivery.

Pros and cons of using Moneycorp


  • Competitive exchange rates. Moneycorp offers bank-beating exchange rates.
  • Customer service. Moneycorp earned a 5 star rating with feefo.
  • You can transfer money anytime, anywhere. Moneycorp is available online 24 hours a day.
  • No maximum. Transfer as much as you need.


  • Double currency conversion. Funds will need to be converted to pounds when a payment is made to Moneycorp from America, and you’re charged for it. Converting a currency twice doesn’t make much sense when there’s a host of local based money transfer companies.
  • You can’t transfer to all countries. For example, Korea, Indonesia, Vietnam and the Philippines are excluded from Moneycorp.
  • Setup can be complicated. The need for ID and phone verification adds time. However, transactions are more secure as a result.
  • Calculator’s rates not the rate you’ll pay. Moneycorp’s online calculator uses mid-market rates that don’t accurately reflect the rate you’ll ultimately get.
  • Double conversions increase costs. Your dollars will first be transferred into Great Britain pounds before finally being transferred to your target currency.

How does Moneycorp compare to other services?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 19.047 MXN 95,234 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 50.00 19.123 MXN
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 19.043 MXN 95,139 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 18.932 MXN 94,660 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1,000 1 day USD 0.00 18.932 MXN 94,660 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
USD 5,000 1 day USD 0.00 18.932 MXN 94,660 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

Compare up to 4 providers

How do I transfer money with Moneycorp?

To use Moneycorp, you must first register for an account. Follow these steps to get started:

Step 1. Head over to Moneycorp’s website and click “Open a personal account.”

Step 2. Enter your name and email address

Step 3. Create a username and password.

Step 4. Fill out your personal information.

Including your address, Social Security number, phone number and currency requirements. Click Verify my details.

Step 5. Verify who you are

Upload proof of ID and proof of address. After you upload your documents, a representative will be in touch with you to set up your account and answer any questions you might have.

Bottom line

Moneycorp is a secure service that offers options for transferring money overseas, but its transfer times aren’t the speediest. As with any service, be sure to compare your options before making a decision.
Looking for an alternative? Compare services like MoneyCorp to get the best rates and fees.

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