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Review: Transfast international money transfers

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Send reliable international transfers from the US or Canada.

Transfast has been providing money transfer services for more than 25 years, boasting competitive exchange rates. With a simple, straightforward transfer process, Transfast sets a locked-in online exchange rate, updated daily, so that the exchange rate you see when you initiate your transfer is guaranteed. You can send money online or through a mobile app.

Transfast's online service is no longer available


As of February 15, 2020, Transfast stopped accepting and processing online and mobile app money transfers. Users can still send and receive money through Transfast agent locations, where available. To find a new online service to send money now, compare options on our table below.

$50

Min. Transfer Amount

$10,000

Max. Transfer Amount

6 or more days

Transfer Speed

Details

Product NameTransfast
Min. Transfer Amount$50
Max. Transfer Amount$10,000
Transfer MethodsOnline, Bank Account to Bank Account
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
6 or more days
Customer ServicePhone, Chat, Email
Available CurrenciesBDT, BRL, CAD, CLP, COP, CRC, DOP, EGP, ETB, GBP, GHS, GMD, GNF, GTQ, HNL, IDR, INR, JMD, KES, LKR, MXN, NGN, NPR, PEN, PHP, PKR, PLN, RON, SLL, THB, USD, UYU, VND, XOF
Exchange Rate UpdatesDaily

Choose from several delivery options

Transfast offers transfers from only the US and Canada, and only transfers money to a limited number of countries. But if your desired country is on Transfast’s list of available countries, its strong exchange rates and good reputation make it a solid choice. Its many delivery options are also appealing. Choose from bank transfer, cash pickup, home delivery and more.

Here’s what we found when we attempted to send live transfers to Mexico and France through Transfast:

  • We were able to sign up and initiate a transfer in about 5.5 minutes.
  • However, Transfast was not able to successfully complete either of our transfers due to “security reasons.”
  • Customer service wasn’t able to disclose what these security concerns were that effectively cancelled our transfers.

Transfast is Best for:

  • Canadian citizens. Transfast specializes in exchanging US and Canadian dollars into exotic currencies around the globe.
  • Credit card payment. Unlike many transfer providers, Transfast allows you to pay for your transfer with a credit card.

How does Transfast compare to other services?

Transfast no longer offers online service to US residents, so use our comparison table to quickly compare the rates and fees or major Transfast competitors.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 0.838 EUR 4,190 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.838 EUR 4,190 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1 Same day USD 0.00 0.843 EUR 4,213 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 2,000 1 day USD 0.00 0.838 EUR 4,190 $0 transfer fees with rates at never more than a 2% markup. Go to site Show details
USD 0 1 - 2 days USD 1.99 0.83 EUR 4,146 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
USD 1 1 - 2 days USD 40.00 0.847 EUR
4,199
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 3.99 0.843 EUR 4,211 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.841 EUR 4,207 InstaReM offers quick and simple international money transfers with the ability to earn loyalty points. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How much will I pay to send money with Transfast?

Transfast doesn’t advertise a specific fee per transfer on its website, but fees vary based on where you’re sending money, how much you’re sending and your payment method, among other factors.

Exchange rates

Transfast offers competitive exchange rates that it updates daily online. These rates could be be within 1% of the mid-market rate, which means more money in your pocket.

Let’s say that you want to send $1,000 as a graduation gift to your niece in Italy. If the mid-market exchange rate for US dollars to euros is 1 USD = 0.94 EUR, Transfast might offer an exchange rate of 1 USD = 0.92 EUR. Your family member would receive 920.50 EUR, which is a stronger rate than some other online money transfer services might offer.

Rest assured that the exchange rate you see when you initiate your transfer is the rate you’ll get once the process is complete.

What types of transfers does Transfast support?

Transfast only offers one-off transfers. But you can select from a variety of payment and pickup options when sending money overseas.

Payment options

  • Bank account
  • Credit or debit card

Pick up options

  • Bank transfer
  • Cash pickup
  • Home delivery (in select destinations)
  • Deposit to a cash card
  • Bill payment (in select destinations)

Available countries

You can make transfers to the following countries from the US or Canada:

  • Bangladesh
  • Benin
  • Bolivia
  • Brazil
  • Canada
  • Chile
  • China
  • Colombia
  • Costa Rica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Ethiopia
  • France
  • Gambia
  • Germany
  • Guatamala
  • Guinea
  • Guinea-Bissau
  • Honduras
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Ivory Coast
  • Jamaica
  • Kenya
  • Mail
  • Mexico
  • Nepal
  • Nicaragua
  • Nigeria
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Romania
  • Senegal
  • Sierra Leone
  • Slovakia
  • Spain
  • Sri Lanka
  • Thailand
  • Togo
  • UK
  • US
  • Uruguay
  • Vietnam

The pros and cons of using Transfast

Pros

  • Simple transfer process. From start to finish, Transfast strives for easy international transfers for you and your recipient to more than 50 countries.
  • Competitive exchange rates. Transfast boasts some of the best exchange rates in the business.
  • Trusted by users. Transfast garners a four-star rating on TrustPilot.

Cons

  • Limited service. If you’re not a resident of one of the 35 or so US states Transfast services, you’ll need to find another money transfer provider.
  • For individuals only. If you’re a business looking to schedule payments, you’ll need to find another money transfer service.
  • No live chat. You’ll need to call or email for questions or help.
  • No flexible transfer options. Transfast doesn’t offer the flexibility of rate locks, forward contracts or recurring transfers.

How do I send money through Transfast?

Transfast strives for an easy process that you can complete quickly. We were able to sign up and initiate a transfer in 5.5 minutes.

4. Enter your recipient’s information and delivery method.
5. Pay for your transfer via bank account, credit card or debit card.
6. Review and confirm your transaction.

How much can I send with Transfast?

Transfast requires a minimum transfer of $50. The maximum amount that you can send depends on a few variables, including your customer history and the details of your transfer. Frequent Transfast customers are rewarded with higher maximum transfer amounts.

Transfer limits can also vary by the receiving country. While most countries set a limit of $10,000 every 24 hours for new Transfast customers, other countries — including Bangladesh, Chile and Nepal — have a much lower limit of $1,000 or even $500.

If you attempt to send more than the maximum transfer, you’ll see a message in red.

What do customers say about Transfast?

Transfast gets good reviews on TrustPilot, with a 7 out of 10 TrustScore. Customers praise its fast an reliable service. You will find a smattering of negative reviews, but each one seems to be followed up with a solution by a Transfast team member.

Customer support

If you need help with a transaction, you can send a message through its online form or call 888-973-6383.

Next steps

Once you complete your transfer, you can track the progress of the transaction at any time by logging in to your account online or using Transfast’s mobile app, where you can also view the estimated delivery date of your transfer.

Bottom line

With up-to-date exchange rates, Transfast can help you save when sending money abroad. Depending on the country you’re sending money to and your location, you may want to compare your options to make sure you’re getting the best deal.

Frequently asked questions about Transfast

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18 Comments

  1. Default Gravatar
    Jamaal
    July 31, 2019

    If I send a money transfer to a recipient to pick up at an agent location using my bank account as a payment method, would the recipient still be allowed to pick the money up in minutes?

    • Default Gravatar
      nikkiangco
      July 31, 2019

      Hi Jamaal,

      Thanks for your question! The transfer speed depends on the money transfer provider you use. For as long as your transfer is successful, your money transfer will go through with no problems and at the promised delivery time of the provider.

      Hope this helps!

      Best,
      Nikki

  2. Default Gravatar
    Taiwo
    May 31, 2019

    How long will it take the security team to release the money sent to my account through transfast?

    • Default Gravatar
      Bella
      June 1, 2019

      Hi Taiwo,

      Thanks for your inquiry.

      As per Transfast, it will take 3-5 business days to receive the transferred money into your account. You can check the status of the transaction, by logging into your account online or through the mobile app and go to your dashboard.

      I hope it helps.

      Kind regards,
      Bella

  3. Default Gravatar
    Clint
    May 3, 2019

    Is it possible can I withdraw money even there s no senders name only transfast control number

    • Default Gravatar
      Bella
      May 3, 2019

      Hi Clint,

      Thanks for your inquiry.

      Unfortunately, no. You need the sender’s name together with the control number in claiming the money from Transfast agent locations.

      I hope this helps.

      Kind regards,
      Bella

  4. Default Gravatar
    Ville
    March 29, 2019

    Can money send via Transfast be picked up at Moneygram? With Transfast reference number.

    • Default Gravatar
      Ellie
      March 29, 2019

      Hi Ville,

      Thanks for getting in touch with Finder.

      Upon checking, it’s not going to work with MoneyGram. You can only pick up the funds transferred through Transfast participating branch location. I hope this helps.

      Kind regards,
      Ellie

  5. Default Gravatar
    Kingsley
    March 13, 2019

    How do I use transfast to send money to Nigeria without having a back account

    • Avatarfinder Customer Care
      johnbasanes
      March 14, 2019

      Hi Kingsley,

      Thank you for reaching out to Finder.

      IF you are sending money via Transfast, you could only use a Credit/Debit card if you do not have a bank account available. A prepaid debit card would be useful in this transaction. Hope this helps!

      Cheers,
      Reggie

  6. Default Gravatar
    Floca
    January 28, 2019

    I want to know if I can send $2500 to Nigeria through Transfast. And, can I go to any of the Transfast outlets to make the transfer because I can’t use the app on my phone?

    • Avatarfinder Customer Care
      Jhez
      January 29, 2019

      Hi Floca,

      Thank you for your comment.

      Yes, you can send that amount to Nigeria through Transfast. You can also visit Transfast outlets to transact, either sending or receiving money. For further details, you can also verify this by contacting Transfast support directly.

      Regards,
      Jhezelyn

  7. Default Gravatar
    Sigrid
    November 25, 2018

    Where can I find transfast in Belgium or how can I send money with transfast?

    • Avatarfinder Customer Care
      Joshua
      November 25, 2018

      Hi Sigrid,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Upon checking, Transfast isn’t available in Belgium. Thankfully, we have a guide on how you can send money to Belgium from the US. On the same page, you will see a comparison table of available service providers. Use that table to know the right provider for you. Click on the “Go to site” green button of your chosen provider once you found the right one for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  8. Default Gravatar
    Rev
    September 17, 2018

    Where can i receive transfast money in Lagos,Nigeria.

    • Default Gravatar
      Bella
      September 17, 2018

      Hi Rev,

      Thanks for your inquiry.

      You may check out the Transfast pickup locations on this page.

      I hope this information helped. Please feel free to message us again for the further question.

      Kind regards,
      Bella

  9. Default Gravatar
    RENE
    August 15, 2018

    Would I like to know if transfast exists in Benin?

    Can one, withdraw money by transfast at the post office of Benin?

    • Default Gravatar
      Ash
      August 17, 2018

      Hello Rene,

      Thank you for reaching out to finder.

      Yes, Transfast is available in Benin but withdrawing/ claiming the remittance from a Post Office is not available. You may only withdraw the sent money through your Bank Account or Cash Pick up.

      I hope this helps.

      Let us know if you have additional questions.

      Cheers,
      Ash

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