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Alternatives to Wise (TransferWise)

Compare money transfer services with set fees, better exchange rates and more tools.

Wise prides itself on offering customers the real exchange rate and making money transfers easy. The main reasons for using Wise include:

  • Transparent fees. You are typically charged a fixed fee and then a small variable fee which is based on a preset percentage. So you know upfront what you’ll be paying.
  • Mid-market rate. There is no exchange rate markup with Wise. Instead, you will receive the mid-market rate on all your transfers.
  • High daily spending limits. The limit is $1.6 million for SWIFT transfers and $1 million for local transfers.

But that doesn’t mean that it necessarily works for all your money transfer needs. There are other companies that may be cheaper or have better features. To help you out, we’ve brought together our picks for Wise alternatives – including popular money transfer services that offer features that Wise lacks.

Xe Money Transfer Logo

Xe Money Transfer has an easy signup process, a straightforward and is part of one of the world’s leading forex pricing websites. Its services also extend to businesses looking for the flexibility of forward contracts and market orders.

Why pick Xe Money Transfer instead?

  • Low transfer fees
  • Transfers of up to $535,000
  • “Buy now, send later” option
  • Send money to more than 130 countries

Main downsides

  • Limited cash pickup options
  • Slow transfer speeds
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WorldRemit logo

WorldRemit’s worldwide network supports multiple money transfer options including bank transfers, cash pickup and door-to-door delivery. Plus, if you are a first-time customer you’ll often be able to find a promo code to secure yourself a better deal.

Why pick WorldRemit instead?

  • Noteworthy delivery options: cash pickup, mobile wallets, home delivery
  • Supports exotic currencies, such as exchanging Rwandan francs for Nepalese rupees
  • Mobile airtime top-ups through account transfers

Main downsides

  • Maximum daily limits
  • Inconsistent markups
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Western Union

As one of the most established money transfer providers, Western Union’s extensive network and wide assortment of transfer options stand out from Wise’s offering. However, expect weaker exchange rates and higher fees.

Why pick Western Union instead?

  • More than 145 years in the business
  • 500,000+ global agent locations
  • Fees based on the transfer amount
  • Fast transfers

Main downsides

  • Weak exchange rates
  • Higher fees than most digital competitors
Remitly logo

Remitly is an online money transfer provider which is focused on smaller, fast transfers. It has a two-speed system which gives you the choice between speed and fees – depending on your transfer needs.

Why pick Remitly instead?

  • Express transfer options
  • Delivery promise or your money back
  • Diverse transfer options including cash pickups and transfers to mobile wallets
  • Referral reward program

Main downsides

  • Low maximum limits, better suited to smaller transfers
  • Inconsistent exchange rate margins
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Xoom is a money transfer service that sits under the PayPal umbrella. If you are a PayPal account holder, it is a convenient way to send money abroad. It also has a money-back guarantee if your money doesn’t reach its destination.

Why pick Xoom instead?

  • Money-back guarantee
  • Multiple transfer options including cash pickup and door to door delivery
  • 24/7 customer support
  • Cheaper fees if using your PayPal balance

Main downsides

  • Varying transfer limits depending on amount of ID provided
  • Fees when paying with a credit card can be high
OFX Logo

OFX’s wide range of currencies, including many exotic ones, makes it stand out from the competition. It has no transfer fees and allows you to fix your rate for up to 12 months in advance. However, it only supports bank account to bank account transfers.

Why pick OFX instead?

  • No transfer fees
  • Wide range of currencies
  • Fix your FX exchange rate
  • No maximum transfer limit

Main downsides

  • Bank account transfers only
  • High minimum transfer amount
  • Unavailable in some states
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Moneygram logo

With an extensive network of agent locations in more than 200 countries and territories, MoneyGram is one of the largest money transfer providers around. As a result, it provides customers with a range of transfer options and is often one of the fastest money transfer services.

Why pick MoneyGram instead?

  • 350,000 cash pickup locations worldwide
  • Almost-instant transfers in a huge range of currencies
  • Can pay by cash and in-person

Main downsides

  • High fees
  • Typically has higher margins on exchanges than other smaller companies
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Compare 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 Wise in our review.
1 - 16 of 16
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.
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.
Currencies Direct
Within an hour

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
Xe
Within minutes
$3

View details
Xe has fast transfers with low fees and a range of foreign currency tools.
CurrencyFair
24 hours
€3

View details
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Currencies Direct
Within an hour

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
Revolut
Revolut
Within minutes
$0

View details
Sign up and get a free $10 welcome bonus. T&Cs apply.
Revolut offers 10 zero-fee international transfers a month, amazing exchange rates, and transfers within 30 minutes.
WorldRemit
Within an hour
From $1.99
SPECIAL OFFER ✓ Use the code ‘4FREEFINDER’ to get 4 free transfers if you are a first time user. Eligible countries only.

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
OFX International Money Transfers (Business)
24 hours
$0

View details
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
Wise (TransferWise)
Within an hour
From 0.41%

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Use code FINDERUSA20 for $20 off your first transfer from the US when you send at least $250. T&Cs apply.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Instarem
Within an hour
$1

View details
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
Use code FINDERUSA20 for $20 off your first transfer from the US when you send at least $250. T&Cs apply.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Currencies Direct (business)
Within an hour

View details
Minimizes costs of international transactions and offers custom solutions for business clients.
CurrencyTransfer for Business
24 hours
$0

View details
Increase business efficiency with zero transaction fees and same-day transfers.
Xe Money Transfer for Business
Within minutes
$3

View details
Save your time and money with Xe Money Transfer for business.
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