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Transfast international money transfers

Transfast has stopped processing online money transfers - find other providers who can cater to your transfer needs.

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As of February 15, 2020, Transfast stopped accepting and processing online and mobile app money transfers. However, users can still send and receive money through Transfast agent locations, where available.

Alternatives to Transfast

WorldRemit

WorldRemit provides a variety of transfer options in more than 140 countries worldwide, including online, bank-to-bank and cash transfers.

  • Low minimum transfer amount
  • Flexible payment options
  • Varied delivery options including cash pickup
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Xe

Xe Money Transfer is a service designed to help you transfer funds to a bank in a foreign currency. It has low fees and no transfer limit.

  • Low fees
  • No transfer limits
  • Money transfers to over 200 countries
Go to site

Wise

Wise is a money transfer site designed to help you save on money exchanges through a peer-to-peer system. It allows you to exchange funds with those of another seeking to convert their money to your currency.

  • Offers the mid-market rate
  • High daily spending limits
  • Multiple payment options
Go to site

Compare money transfer services

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.
1 - 17 of 17
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.
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
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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Compare up to 4 providers

Review of Transfast’s services when it was operational

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 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.

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18 Responses

  1. Default Gravatar
    JamaalJuly 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
      nikkiangcoJuly 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
    TaiwoMay 31, 2019

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

    • Avatarfinder Customer Care
      BellaJune 1, 2019Staff

      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
    ClintMay 3, 2019

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

    • Avatarfinder Customer Care
      BellaMay 3, 2019Staff

      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
    VilleMarch 29, 2019

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

    • Default Gravatar
      EllieMarch 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
    KingsleyMarch 13, 2019

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

    • Avatarfinder Customer Care
      johnbasanesMarch 14, 2019Staff

      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

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