Alternative companies to Travelex for sending a money transfer
Around since 1976, Travelex is an international money transfer service in 177 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 for overseas is $500, and it keeps you up to date on exchange rates, so you can know exactly how much money your recipients will receive in their accounts.
- Flat fee of $5 for any transaction under $5,000
- No fee for transfers of $5,000 or more
- Exchange to more than 45 different currencies
- Home delivery available
- Exchange rates not always the most competitive
- No cash payments or cash pickups allowed
Looking for a lower minimum amount or a currency that’s not offered? See services like Travelex here:
Services to receive cash
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.
- 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
- No cash payment or pickup. OFX only delivers funds through bank deposit.
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.
- One of the most trusted money transfer names in the UK
- Competitive exchange rates save you money in the long run
- Quick turnaround means transfer is complete in 1 to 4 days
- Rate comparison tool not available until after you’ve registered with the site
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.
- 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
- Transfers to bank accounts. No cash pickup option.
Around for more than 160 years, Western Union continues to make it easy for you to transfer money in the United States and overseas. In more than 200 countries and territories across the globe and with more than 500,000 agent locations worldwide, money pickups are a breeze.
- Low minimum transfer of $1
- Send money in minutes
- Transfer to a wide range of countries
- Competitive live exchange rates updated regularly
- Multiple transfer options
- Trusted provider
- Can be more expensive than other transfer companies
Known for its retailing business, Walmart offers money transfer services to over 190 countries thanks to a partnership with MoneyGram. Funds can be picked up at any Walmart in the US or Puerto Rico or sent to any one of MoneyGram’s 336,000 agents around the world.
- Widespread network of agents gets your money where it needs to go
- Transfer to more than 190 countries
- Efficient transfers in as little as 10 minutes
- Cash pickups only
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.
- 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
- Doesn’t transfer to every country
- Exact location must be specified for cash pickup
- Daily transfer limits of $9,999
TorFX is a strict money exchange and transfer company that focuses on getting your funds where they need to go quickly. Unlike other services, it requires that funds to be cleared by individuals who hold TorFX accounts. The money must be sent in advance before the transaction can be performed. TorFX cares about its customers, with clarity and friendly service two of its highest priorities.
- Competitive exchange rates
- Free market news
- Fixed exchange rate protection
- Can save you 5% on bank exchange rates
- No bank charges or commissions
- Consult with currency experts
- Potential risks of exchange include market volatility
- Can only send from Australia
- Users report technical and administrative problems that delay transfers
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.
- 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
- No cash pickup option
- Does not support all currencies (though you can contact them if yours isn’t listed)
Xoom is a leading provider in the digital money transfer market, offering transfers to 38 countries around the world. Using online money transfers, it streamlines the process without taking chunks out of your funds for commissions.
- Specializes in international money transfers
- More than 14 years of experience
- Money-back guarantee if your transfer doesn’t work out
- Small international network compared with competition
14. Currency Online
Founded in 1986, Currency Online was one of the first to offer online money transfer services. HiFX became its parent company in 2008, and it continues to offer low competitive rates by cutting the usual banking fees out of the picture.
- Exchanges more than 25 different currencies
- Multiple services like spot contracts and market orders
- Quick turnaround in 1 to 4 days
- 24-hour customer service
- No minimum transfer
- No cash pickup
- Not available in the US, Quebec (Canada) or Japan
- Threshold fee charged for some amounts
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. While PayPal is like a digital banking service, its rates are competitive compared with most banks and financial institutions, making it a good choice to avoid headaches.
- Minimum rate of $0.02
- Available in 203 countries
- Offers recurring payments
- Excellent for smaller transfers
- Multiple digital safeguards in place to protect against fraud and hacking
- Fees are proportionate to the amount transferred. The larger the transfer, the more money they take.
- Fees vary by location of transfer and method, with better deals for using a PayPal credit card or account
Need to send less?
There are several options that allow you to send less than $1,000:
Compare minimum and maximum transfer limits
|Provider||Minimum transfer amount||Maximum transfer amount|
|World First||$250||No limit|
|Travelex International Payments||$500||No limit|
|Currency Online||$0||No limit|