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Alternatives to HiFX

Since HiFX has merged with XE, see what other services can help you out.

Important

As of 26 January 2019, HiFX has merged with XE. This means you won’t be able to use HiFX to send money overseas. Instead, check out if XE Money Transfer is right for you in our full review.

HiFX is a service designed to help you transfer your funds to a bank in a foreign currency. If you’re working far from home, HiFX is ideal for getting cash to your family or making investments overseas. Given how easy it is to transfer your money to foreign companies in their currency, it’s especially ideal for business accounts.

Pros

  • One of the most trusted money transfer names in the UK
  • Competitive exchange rates save you money in the long run
  • Transfer is complete in 1 to 4 days

Cons

  • Rate comparison tool not available until after you’ve registered with the site
wise logo
  1. Wise

Wise is a money transfer site designed to help you save money on exchanges through a peer-to-peer system. Its unique system allows you to exchange your funds with those of another seeking to convert their money to your currency. It’s basically trading money with another person, but it doesn’t cross borders.

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Why pick Wise instead?

  • Maximum 1% fee
  • $3 minimum fee
  • Minimum transfer of $1
  • Maximum transfer of $36,000,000
  • Apps for both iOS and Android
  • Uses mid-market exchange rate with no hidden fees

Downsides

  • Transfers to bank accounts. No cash pickup option.
WorldRemit logo
  1. WorldRemit

WorldRemit provides a variety of transfer options in more than 120 countries worldwide, including online, bank-to-bank and cash transfers. Fees vary by country you’re sending funds to and the global exchange rate at the time of your transfer. WorldRemit is ideal for small businesses, offering transfers from $1 to $2,000.

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Why pick WorldRemit instead?

  • Flexible payment options
  • Easy three-step transfer process
  • Transfers to mobile wallet accounts
  • Cash pickup available
  • Mobile airtime account transfers

Downsides

  • The higher your transfer, the greater the transfer fees
Currencies Direct logo
  1. Currencies Direct

Currencies Direct is an international money transfer service dedicated to helping its customers save more when transferring money internationally. With 39 currencies to choose from (and others that can be discussed with the company itself), it is more flexible than other money transfer services. So long as there’s a bank account available, Currencies Direct will transfer and exchange your funds at a low flat rate.

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Why pick Currencies Direct instead?

  • No fees for 90% of its transactions
  • Worldwide service
  • Competitive exchange rates
  • Low minimum transfer of $100
  • Supports large transactions at a seemingly unlimited max
  • Monitors exchange rates for your ideal transfer

Downsides

  • No cash pickup option
  • Does not support all currencies (though you can contact them if yours isn’t listed)
OFX Logo
  1. OFX

OFX offers transfers and exchanges into 55 different currencies. If you’re a larger business looking to pay for exports or just need to transfer a larger sum to an account overseas, this service may be ideal.

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Why pick OFX instead?

  • 24-hour customer support
  • Available in 195 countries and 55 currencies
  • Offers scheduled and recurring transfers
  • iOS and Android apps available for mobile transfer and tracking

Downsides

  • No cash payment or pickup. OFX only delivers funds through bank deposit.
Sharemoney logo
  1. Sharemoney

Sharemoney is a part of the Omnex group, a company that’s specialized in money transfers for over 25 years. Its constantly expanding service range and offer door-to-door and cash pickup options on top of the usual transfer techniques.

Why pick Sharemoney instead?

  • Low transfer fees
  • Exchange rate calculator helps you see just how much money you’ll get for your dollar
  • Fast and easy service
  • Door-to-door delivery in as short as 48 hours
  • Discounts available on Facebook

Downsides

  • Doesn’t transfer to every country
  • Exact location must be specified for cash pickup
  • Daily transfer limits of $9,999

Still looking for other options?

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Instarem
Within an hour
$1

View details
Exclusive: Use code GET60 and save $30 on each transaction over $200. Valid for the first two transactions and till 31st July 2021. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Western Union
Within an hour
From $0

View details
Western Union sends money online to friends and family in 200+ countries around the world.
MoneyGram
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
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