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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 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.
Transfers to bank accounts. No cash pickup option.
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.
The higher your transfer, the greater the transfer fees
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.
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
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.
iOS and Android apps available for mobile transfer and tracking
Downsides
No cash payment or pickup. OFX only delivers funds through bank deposit.
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?
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Leah Fallon is an editor with more than 10 years of teaching under her belt. She's written feature pieces for regional print and digital media. When she's not helping people with their finances, you can find her wrangling her two sprightly girls or running the trails of Virginia.
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