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Alternatives to Travelex

Alternative companies to Travelex for sending a money transfer.

Around since 1976, Travelex is a trusted name in the international money transfer space and services over 70 countries worldwide. Through its simple online process, you can transfer money to someone on the other side of the world within a couple of days. Its minimum transfer amount is $250, and they keep you up to date on exchange rates, so you can know exactly how much money your recipients will receive. Despite this, Travelex tends to add a higher markup to exchange rates than most online providers.
Xe Money Transfer Logo

1. Xe Money Transfer

Xe Money Transfer is a service designed to help you transfer your foreign currency funds to a bank. 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. Travelex offers their services to over 70 countries while Xe allows transfers to over 130 countries. Xe also supports over 100 currencies. Moreover, Xe has low fees and no maximum transfer limit.

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Why pick Xe Money Transfer instead?

  • Low transfer fees
  • Trade in over 100 currencies, allowing for money transfers to over 130 countries
  • Competitive exchange rates save you money in the long run
  • No minimum or maximum transfer limit

Downsides

  • Don’t offer the mid-market rate
  • Exchange rate comparison tool not available until after you’ve registered with the site
wise logo

2. Wise

Wise is a money transfer site designed to help you save money on exchanges through a peer-to-peer system. Their platform 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. Wise has a better exchange rate and provides faster transfers but doesn’t offer cash pickup.

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Why pick Wise instead?

  • Uses mid-market exchange rate with no hidden fees
  • Low minimum transfer amount of $1
  • High transfer limits — can send up to $50,000 per day and $1 million per year

Downsides

  • Transfers to bank accounts — no cash pickup option available
  • Two-step process means you must first wire your money to Wise, which then deposits the money to your recipient’s bank account
  • Requires a Social Security number to send money
  • Not as competitive for large transfers
WorldRemit logo

3. WorldRemit

Both WorldRemit provide transfers to over 140 countries but stand out for offering more payment options. The company lets you pay for a transfer using a debit or credit card, bank account or mobile wallet, and the recipient can get their funds through their bank account, mobile wallet, mobile airtime account, cash pickup or home delivery. WorldRemit is ideal for small businesses, offering transfers from $1 to $9,000.

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Why pick WorldRemit instead?

  • Available in over 140 countries worldwide
  • Flexible payment options, including debit or credit card, bank transfer, Android Pay and Apple Pay
  • Transfers to mobile wallet accounts
  • Cash pickup and home delivery available
  • Mobile airtime account transfers

Downsides

  • The higher your transfer, the greater the transfer fees
  • Low maximum transfer amount of $9,000
RIA logo

4. Ria

In business for more than 30 years, Ria is a global monetary transfer network with more than 316,000 agent locations in 160 countries and is the third-largest money transfer provider in the world. Unlike Travelex, which only offers bank-to-bank transfers, Ria offers a wide variety of payment options, including cash, debit card, credit card and bank account and cash pickup. Ria’s rates and fees depend on the amount, location and method of transfer.

Why pick Ria instead?

  • Wide variety of transfer options, including cash, debit card, credit card and bank account
  • Worldwide transfer network, with over 316,000 agent locations in more than 160 countries
  • Onlinecalculator simplifies money conversion
  • Great exchange rates that are stronger than most US banks
  • Home delivery option in select countries

Downsides

  • Maximum daily transfer cap of $2,999.99; maximum amount you can send in 30 days is $7,999
  • Inconsistent markups across currencies
  • Does not offer forward contracts or limit orders
Currencies Direct logo

5. Currencies Direct

Similar to Travelex, Currencies Direct charges no transfer fees, or at least 90% of the time it is. With a low minimum transfer of $100, make payments in 60 currencies — a slightly wider variety than the 45 currencies Travelex offers. Both companies only offer bank-to-bank transfers, but it should be mentioned that Currencies Direct supports large transactions at a seemingly unlimited maximum amount.

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Why pick Currencies Direct instead?

  • 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

Downsides

  • No cash pickup option — bank-to-bank wire transfers only

6. Western Union

Both Western Union and Travelex offer money transfers to over 70 countries around the world, but the two companies have a few key differences to keep in mind when considering your transfer options. While Western Union offers multiple transfer options including paying with cash, debit card, credit card or bank account, and also allows for cash pickups. Then there’s the fees and exchange rates to look at: Western Union is known to have weaker exchange rates and high fees — as compared to Travelex’s simple fee policy.

Why pick Western Union instead?

  • 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

Downsides

  • 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
Moneygram logo

7. MoneyGram

The second-largest international money transfer service in the world, MoneyGram transfers currencies in over 200 countries and territories to more than 350,000 agent locations worldwide. Unlike Travelex, which only allows for bank-to-bank transfers, MoneyGram offers online and in-person transfers to be collected via cash pickup or deposit into a bank account or mobile wallet, as well as home delivery.

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Why pick MoneyGram instead?

  • 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

Downsides

  • 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
walmart logo

8. Walmart

Known for its retailing business, Walmart offers money transfer services to over 190 countries thanks to a partnership with MoneyGram. However, Walmart outshines Travelex with its wide variety of transfer options, including debit card, credit card, cash or bank account — and its home delivery and cash pickup options.

Travelex solely deals in bank-to-bank transfers. With a low minimum transfer amount of $1 and low maximum limit per day of $6,000, Walmart is ideal for smaller businesses looking to make one-off small-dollar transfers.

Why pick Walmart instead?

  • Widespread network of agents transfers to more than 190 countries and territories with 350,000 agents worldwide
  • Efficient transfers in as little as 10 minutes
  • Wide variety of transfer options, including debit card, credit card, cash or bank account
  • Home delivery and cash pickup available
  • Low minimum transfer amount of $1

Downsides

  • Rates and fees depend on location
  • Maximum sending limit of $6,000 per transaction — with a maximum of $6,000 per 30 calendar days
OFX Logo

9. OFX

Both Travelex and OFX charge no fees for any transfers. OFX’s minimum transfer amount of $1,000 per year is higher than Travelex’s $250 minimum. Ultimately, 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?

  • 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

Downsides

  • Bank-to-bank transfers only — no cash payment or pickup
  • Verify new accounts by phone
  • High minimum transfer amount of $1,000 per year

10. Xoom

Xoom is a leading provider in the digital money transfer market that offers transfers to 57 countries around the world — a third of the 177 countries Travelex offers transfers to. However, Xoom has a low minimum transfer amount of $10, compared to Travelex’s higher $250 minimum, and it also offers cash pickup and home delivery in select countries. Moreover, Xoom offers a unique money-back guarantee if your transfer doesn’t arrive on time — a perk few money transfer companies have.

Why pick Xoom instead?

  • 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

Downsides

  • Transfer fees vary depending on where you’re sending money to, the amount you’re sending and the method you choose

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.
Alternatively, learn more about Travelex in our review.
1 - 19 of 19
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Currencies Direct
24 hours
$0
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyTransfer
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Dunbridge Financial
24 hours
$0
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
Xe
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
Remitly
Within minutes
From $0
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.
Wise (TransferWise)
24 hours
From $0
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Xe
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
Currencies Direct
24 hours
$0
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
CurrencyFair
24 hours
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly
Within minutes
From $0
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.
Wise (TransferWise)
24 hours
From $0
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
WorldRemit
Within minutes
From $1.99
Use the code ‘4FREEFINDER’ to get 4 free transfers if you are a first time user. Eligible countries only.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Currencies Direct (business)
24 hours
$0
Minimizes costs of international transactions and offers custom solutions for business clients.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
Dunbridge Financial Business
24 hours
$0
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
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