The best alternative companies to Ria for sending a money transfer.
Pros
- Low minimum transfer amount of $1
- Wide variety of transfer payment options, including cash, debit card, credit card and bank account
- Worldwide transfer network, with over 316,000 agent locations in more than 144 countries
- Online price calculator simplifies money conversion
- Cash pickup available
- Home delivery option in select countries
- Fast turnaround if you send money with a debit or credit card, taking just 15 minutes
Cons
- Maximum daily transfer cap of $2,999.99; maximum amount you can send in 30 days is $7,999
- Rates and fees depend on amount, location and method of transfer
- Does not offer forward contracts or limit orders
- Bank account transfers take four business days
Ria might have tons of locations and a convenient cash pickup option, but it’s not the cheapest option out there. Learn how you can save on fees and exchange rates when you compare services.
1. OFX
Like Ria, OFX offers transfers and exchanges to over 144 countries, but that’s about as similar as the two companies get. While Ria offers a low minimum transfer amount of $1, OFX’s minimum is $1,000. Moreover, OFX only offers bank-to-bank transfers, while Ria offers the option of paying with cash, debit card, credit card or bank account, and also offers cash pickup and home delivery options. OFX also offers scheduled and recurring transfers with no maximum transfer limit and no transfer fees, while Ria doesn’t offer special transfer options, has a daily maximum transfer cap of $2,999.99 and has fees that vary on the amount, location and method of transfer. Ultimately, if you’re a larger business looking to pay for exports or just need to transfer a larger sum to an account overseas, OFX may be an ideal option over Ria.
Pros
- No transfer fees
- 24-hour customer support
- Available in 195 countries and territories and 55 currencies
- Offers scheduled and recurring transfers
- iOS and Android apps available for mobile transfer and tracking
- No maximum transfer limit
Cons
- Bank-to-bank transfers only — no cash payment or pickup
- Verify new accounts by phone
- High minimum transfer amount of $1,000
2. World First
World First is an online money transfer company founded in the UK in 2004. Since then, it’s transferred more than $56 billion worldwide, servicing over 75,000 customers regularly. With its high minimum transfer amount of $1,000, no maximum transfer limit and zero fees for transfers over $10,000, World First is ideal for businesses looking to transfer high amounts of money. These minimum and maximum transfer amounts are much higher than Ria, which has a low minimum transfer amount of $1 and maximum daily transfer cap of $2,999.99. Moreover, unlike Ria, World First offers a promise to beat any quote you get from another international transfer service, as well as providing spot contracts, forward contracts and hedging options.
Pros
- No maximum transfer limit
- No fees for transfers of $10,000 or more
- Competitive exchange rates, with a promise to beat any quote you get from another international transfer service
- Offers spot contracts, forward contracts and hedging options
- Provides weekly updates on market exchange rates
- Rate lock available for continuing transactions
Cons
- High minimum transfer amount of $1,000
- Two-step process can mean up to six days for delivery
- Social Security number and government-issued ID required
3. XE Money Transfer
XE Money Transfer is a service designed to help you transfer your funds to a bank in a foreign currency — it doesn’t allow same-currency transfers like Ria does. If you’re working far from home, XE 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. Both XE and Ria offer money transfers to over 144 countries, but Ria offers more payment options than XE’s limited bank-to-bank option only. Still, XE doesn’t charge any transfer fees and has no transfer limit compared to Ria’s $2,999.99 daily transfer cap.
Pros
- No transfer fees
- Trade in over 120 currencies, allowing for money transfers to over 170 countries
- Competitive exchange rates save you money in the long run
- Quick turnaround means transfer is complete in 3 to 5 days
- No transfer limits
Cons
- Bank-to-bank transfers only
- No same-currency transfers
- Exchange rate comparison tool not available until after you’ve registered with the site
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4. TransferWise
TransferWise 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. Because of its unique platform, TransferWise doesn’t allow for same-currency transfers like Ria does, but it does offer a high daily transfer cap of $49,999 compared to Ria’s $2,999.99 cap. Both companies have a low minimum transfer amount of $1 and offer fees that depend on the amount of money transferred, but Ria offers more payment options including cash, debit card, credit card and bank account, while TransferWise only allows for bank-to-bank transfers.
Pros
- $3 fee for transfers up to $300; a fee of 1% of the amount sent for transfers up to $5,000; a fee of 0.7% on any amount over the initial $5,000
- Low minimum transfer amount of $1
- High transfer limits — can send up to $49,999 a day and $199,999 a year
- Apps for both iOS and Android
- Uses mid-market exchange rate with no hidden fees
Cons
- Transfers to bank accounts — no cash pickup option
- No same-currency transfers
- Two-step process means you must first wire your money to TransferWise, which then deposits the money to your recipient’s bank account
- Requires a Social Security number to send money
5. WorldRemit
Both Ria and WorldRemit provide a variety of transfer options in more than 140 countries worldwide, including online, bank-to-bank and cash transfers. With both transfer services, fees vary by country you’re sending funds to and the global exchange rate at the time of your transfer, with low minimum transfer amounts starting at just $1. WorldRemit has a maximum transfer amount of $5,000 — $2,000 higher than Ria’s — and also has the added bonus of offering transfers to mobile wallet and mobile airtime accounts.
Pros
- Low minimum transfer amount of $1
- Available in over 140 countries worldwide
- Flexible payment options, including debit or credit card, bank transfer, Android Pay and ApplePay
- Transfers to mobile wallet accounts
- Cash pickup available
- Home delivery available
- Mobile airtime account transfers
Cons
- The higher your transfer, the greater the transfer fees
- Low maximum transfer amount of $5,000
6. Travelex
Around since 1976, Travelex is an international money transfer service in 177 countries worldwide — beating out Ria’s network of 144 countries. While Travelex offers a simple fee structure of just $5 for any transaction under $5,000 and no fee for transfers over that amount, Ria’s fees depend on the amount of money you’re transferring, the location you’re sending the money to and the method you use for the transfer. Moreover, while Travelex only offers bank-to-bank transfers, Ria offers a wide variety of payment options including cash, debit card, credit card and bank account transfers.
Pros
- Flat fee of $5 for any transaction under $5,000
- No fee for transfers of $5,000 or more
- Available in 177 countries and territories and 45 different currencies
- Multiple transfer options including spot contracts, forward contracts, limit orders and recurring payments
- Offers a price promise — if you find a better price within 30 minutes, they’ll beat it
- Funds transferred in 1 to 4 business days, though same-day transfers are possible in select countries
Cons
- High minimum transfer amount of $500
- Bank-to-bank transfers only
- No cash payments or cash pickups allowed
- No check or credit card payments allowed
7. MoneyGram
The second-largest international money transfer service in the world, MoneyGram transfers funds in over 200 countries and territories to more than 350,000 agent locations worldwide. Both MoneyGram and Ria have low minimum transfer amounts of $1, offer home delivery and cash pickup and have fees that vary depending on payment type and transfer destination. The biggest difference between the two companies? Ria has a lower maximum daily transfer cap of $2,999.99 compared to MoneyGram’s $6,000 cap.
Pros
- Extensive global network of 350,000 agent locations in over 200 countries and territories
- Large pool of services available for sending, receiving or financing
- Fast transfers, with same-day service in many locations
- Home delivery and cash pickup options
- Low minimum transfer amount of $1
Cons
- Maximum online transfer amount of $6,000
- Fees vary depending on payment type and transfer destination
- Transfers must be made in US dollars from the US (no exchanges before transfer)
- Local exchange rates vary by transfer destination
8. Walmart
Known for its retailing business, Walmart offers money transfer services to over 190 countries thanks to a partnership with MoneyGram — quite comparable to the 144 countries Ria offers money transfers to. Both Walmart and Ria have a low minimum transfer amount of a mere $1; offer a variety of payment options including debit card, credit card, cash or bank account; have home delivery and cash pickup available; and can take as little as 10 to 15 minutes for some transfers. The biggest difference between the two companies is that Walmart has a higher maximum sending limit of $6,000 per transaction — compared to Ria’s $2,999.99 daily transfer cap.
Pros
- Widespread network of transfers to more than 190 countries and territories with 350,000 agents worldwide
- Efficient transfers in as little as 10 minutes
- Wide variety of payment options, including debit card, credit card, cash or bank account
- Home delivery and cash pickup available
- Low minimum transfer amount of $1
Cons
- Rates and fees depend on location
- Maximum sending limit of $6,000 per transaction — with a maximum of $6,000 per 30 calendar days
9. Sharemoney
Sharemoney is a part of the Omnex group, a company that’s specialized in money transfers for over 25 years. Unlike Ria, which offers money transfers in over 144 countries, Sharemoney only transfers money to 21 countries, which are largely limited to South America and select Asian countries. Both Ria and Sharemoney have low minimum transfer amounts of $1 and $20 respectively, and both have a minimum daily transfer cap of $2,999.99. You can also request cash pickup or home delivery options with both money transfer companies, and can sometimes get transfers in as little as 15 minutes.
Pros
- Low transfer fees starting at just $2.99
- Low minimum transfer amount of $20
- Exchange rate calculator helps you see just how much money you’ll get for your dollar, with rates updated hourly
- Fast and easy service, with cash and bank transfers taking as little as 15 minutes to 24 hours
- Door-to-door delivery in as short as 48 hours
- Discounts available on Facebook
Cons
- Limited state availability, with Sharemoney only licensed to operate in 36 out of 50 states
- Only offers one-off transfers
- Can only transfer money to 21 countries, which are largely limited to South America and select Asian countries
- Exact location must be specified for cash pickup
- Low maximum transfer limits of $2,999.99 every 15 days, and $9,999.99 every six months
10. Western Union
Like Ria, Western Union offers transfers to over 144 countries around the world through multiple payment options including cash, debit card, credit card, or bank transfers, with the option of a cash pickup. They each have a low minimum transfer amount of $1, and offer relatively low maximum transfer amounts of $5,000 for Western Union and $2,999.99 for Ria. While Ria’s rates and fees depend on the amount of money you’re transferring, the location and the method of your transfer, Western Union is known for its high fees and weak exchange rates that can be nearly 5% more than the mid-market rate.
Pros
- Low minimum transfer of $1
- Send money in minutes
- Transfer to over 200 countries and territories across the globe
- Multiple transfer options including paying with cash or your debit card, credit card or bank account
- Cash pickup available
- Trusted provider for over 160 years
Cons
- Weak exchange rates that can be nearly 5% more than the mid-market rate
- High fees, whereas other companies offer free transfers or low-fee transfers
- Low maximum transfer amount of $5,000
11. TorFX
Unlike Ria, which allows you to send money from anywhere in the US, TorFX only allows money transfers from Australia. It’s a stricter money exchange and transfer company than others, and requires that funds be cleared by individuals who hold TorFX accounts — meaning the money must be sent in advance before the transaction can be performed. TorFX only offers bank-to-bank transfers, while Ria offers a variety of transfer payment options including cash, debit card, credit card and bank account. But TorFX stands out with its no-fee transfers and best rate guarantee, which Ria doesn’t offer.
Pros
- Multiple transfer options including spot contracts, forward contracts, limit orders and stop loss orders
- No transfer fees
- Competitive exchange rates with fixed exchange rate protection — often beating banks by more than 3%
- Best rate guarantee
- Offers transfers in 60 different currencies
- Free registration allows you to get access to free market analysis and expert advice
- Low minimum transfer amount of $150
Cons
- Can only send from Australia
- Bank-to-bank transfers only
- Users report technical and administrative problems that delay transfers
12. Currencies Direct
Unlike Ria, which has fees dependent on the transfer amount, location and method of payment, Currencies Direct offers no-fee money transfers 90% of the time. However, if you’re looking to send money with cash or a credit or debit card, you’ll need to stick with Ria, as Currencies Direct only offers bank-to-bank transfers. With a relatively low minimum transfer amount of $100 and an unlimited maximum transfer amount, Currencies Direct supports 60 market currencies and is a great option for large or small businesses alike.
Pros
- No fees for 90% of its transactions
- Supports 60 market currencies
- Competitive exchange rates
- Low minimum transfer of $100
- Supports large transactions at a seemingly unlimited max
- Monitors exchange rates for your ideal transfer
Cons
- No cash pickup option — bank-to-bank wire transfers only
13. Xoom
Xoom is a leading provider in the digital money transfer market that offers transfers to 57 countries around the world — not quite as many as the 144 countries Ria services. Both Xoom and Ria have low minimum transfer amounts of $10 and $1 respectively, offer cash pickup and home delivery options and have fees that vary depending on where you’re sending money to, how much you’re sending and the method you use. The biggest difference between the two companies? Xoom offers a unique money-back guarantee if your transfer doesn’t arrive on time — a perk few transfer services offer.
Pros
- Low minimum transfer amount of $10
- Money-back guarantee if your transfer doesn’t arrive on time
- Cash pickup and home delivery available, depending on where you’re sending your funds to
Cons
- Transfer fees vary depending on where you’re sending money to, the amount you’re sending and the method you choose
14. Currency Online
Unlike Ria, which offers money transfers to all residents of the US, Currency Online does not. This money transfer company does, however, have a low minimum transfer amount of $50 — a bit higher than Ria’s $1 minimum — and doesn’t have a maximum transfer amount. Since Currencies Direct only offers bank-to-bank transfers, if you’re looking to transfer funds with a debit card, credit card or cash, you’ll need to go with Ria or another transfer company.
Pros
- Exchanges more than 25 different currencies
- Multiple services like spot contracts and market orders
- Quick turnaround in 1 to 4 days
- Low minimum transfer of $50
- No maximum transfer amount
Cons
- No cash pickup — bank-to-bank transfers only
- Not available in the US, Japan or Quebec, Canada
- Threshold fee charged for some amounts
15. PayPal
You likely know PalPal’s digital service for online purchases, but you may not know that it supports wireless overseas transfers. Its popularity around the world makes it possible to transfer up to 20 currencies across more than 200 countries — a larger reach than Ria’s 144 countries. Like Ria, PayPal has a low minimum transfer amount of just $1 and has fees that vary by location of transfer and method. If you’re looking to send a transfer with a cash pickup, you’ll need to go with Ria or another transfer company that has that option, as PayPal does not.
Pros
- Send money inside the US for free
- Available in 203 countries
- Offers recurring payments
- Low minimum transfer amount of $1
- Multiple digital safeguards in place to protect against fraud and hacking
Cons
- Fees are proportionate to the amount transferred — the larger the transfer, the more money it charges
- Fees vary by location of transfer and method, with better deals for using a PayPal credit card or account
- No cash pickup available
Do you need to transfer more than $2,999.99? These services have no maximum transfer limits.
Compare minimum and maximum transfer limits
| Provider | Minimum transfer amount | Maximum transfer amount |
|---|---|---|
| OFX | $1,000 | No limit |
| XE Money Transfer | $0 | No limit |
| World First | $1,000 | No limit |
| WorldRemit | $1 | $5,000 |
| Travelex | $500 | No limit |
| TorFX | $150 | No limit |
| Currency Online | $1 | No limit |
| Western Union | $1 | $5,000 |
| TransferWise | $1 | $49,999 |
| Xoom | $10 | $10,000 |
| MoneyGram | $1 | $6,000 |
| Ria | $1 | $2999.99 |
