Best money transfer services 2022

We’ve picked the best companies for 6 different types of international money transfers.

Looking for the best way to send money overseas? With so many options it can be hard to know which is the best for your transfer needs.

Don’t worry, we’ve gone ahead and done the hard work for you. We’ve scoured providers’ fees and compared their exchange rates to come up with our top picks for 6 different transfer options – including large transfers, business transfers and cash transfers. Let’s take a look.

How we chose these services

Top picks are our selection of some of the best money transfer products and services on Finder, but we haven’t compared every brand in the market. We’ve included them on some pages to help you make decisions faster, but keep in mind that our top pick may not always be the best fit for you. Read our full methodology here to find out more.

Best money transfer services in the UK

  • Best for large transfersTorFX
  • Best for small transfersXe
  • Best for fast transfersPaysend
  • Best for cash transfersRemitly
  • Best for business transfersAirwallex
  • Best for exchange ratesWise

TorFX – Best for large transfers

If you need to make a large money transfer, you will want to find a provider with no transfer limit but that also offers strong exchange rates and low fees.

TorFX is just that sort of service. It offers fee-free transfers and has a price-match guarantee on its exchange rate, making it very competitive. It’s good for sending large amounts because there’s no maximum limit. You’ll also get access to plenty of forex tools.

Here’s why TorFX is our winner for large transfers:

  • No maximum limit
  • Fee-free transfers
  • Price match guarantee
  • Forex tools

Use the table below to see how much TorFX could cost you for your next transfer or read our full review.

1 - 1 of 1
Name Product Filter values Ratings Pay by Receiving options Fastest transfer Fee (pay by bank transfer) Key benefits
OFFER
TorFX
Finder rating
★★★★★
Debit card, Bank transfer
Bank account
24 hours
£0
Rate improver guarantee: TorFX will match and beat any rate you're offered by a competitor. T&Cs apply. Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.
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Xe – Best for small transfers

When it comes to small money transfers, you don’t want the cost of fees or weak exchange rates to eat into the amount your recipient gets.

We picked Xe as our best money transfer for smaller transfers as it has no fees and good exchange rates, resulting in the lowest cost for a £1,000 transfer. You can also “buy now, send later” and lock in a rate in advance. Xe does charge a small flat fee for transfers below £250, but anything above that amount has no fees and strong exchange rates when compared to other providers.

Here’s what made Xe our winner for small transfers:

  • No fees on most transactions
  • Competitive exchange rate for smaller amounts
  • Worldwide network
  • Forward contracts available

To get an idea of how much your transfer with Xe could cost use our comparison calculator below or learn more about how it works in our Xe review.

1 - 1 of 1
Name Product Filter values Ratings Pay by Receiving options Fastest transfer Fee (pay by bank transfer) Key benefits
OFFER
Xe
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account
Within minutes
£2
Refer a friend and you'll each get a £25 Amazon voucher when they transfer over £1,000. T&Cs apply.
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Compare up to 4 providers

Paysend – Best for fast transfers

UK-based Paysend has some of the fastest transfer times available. The promised delivery time is within minutes for the majority of its transfers. The only reason it would be longer would be if you chose to pay by bank transfer and the bank’s processing times are slow.

The biggest advantage of Paysend is that it has a clean and simple mobile app. So it is straightforward and easy to set up your transfer and you can be confident that it will be delivered within minutes.

Notable mentions for transfer times include PassTo, Wise, Revolut and Remitly (if you are willing to pay more). Most of these promise same-day transactions, meaning your recipient won’t be kept waiting for funds.

Here’s what we liked about Paysend for fast transfers.

  • Most transfers are delivered within minutes
  • Straightforward fee structure of £1 per transfer
  • Easy to use mobile app

Check out our full Paysend review.

Remitly – Best for cash transfers

In an ever-increasing digital world, providers that have a large network for cash transfers can be hard to find. But sometimes when your recipients don’t have a bank account or need cash on hand, cash pickup is the best option for your transfer.

Remitly has partnered with banks across a range of countries in order to provide 100,000s of cash pickup locations for its customers. It has a cash pickup locator in order to help you find the perfect spot to send your transfer. Recipients can also receive a text message to let them know when their cash is ready for pickup.

Here are some of the reasons we picked Remitly for cash transfers:

  • 100,000s partner cash pickup locations
  • Promotional fees and rates for new customers
  • Delivery promise

Read more about how Remitly works in our review.

Take a look at our guide for the best cash pickup services.

1 - 1 of 1
Name Product Filter values Ratings Pay by Receiving options Fastest transfer Fee (pay by bank transfer) Key benefits
Remitly
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet, Home delivery
Within minutes
From £1.49
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Compare up to 4 providers

Airwallex – Best for business transfers

If you are a business that makes regular international money transfers, you will be looking for a service which offers tools such as recurring payments or forward contracts to help you lock in the best rate in advance.

We compared the best business transfer services around and our top pick is Airwallex. Airwallex can help you to make business payments to 23+ currencies using competitive interbank rates and no fees for most transfers. There’s also a multi-currency business account which lets you hold over 11 different currencies Xero integration also helps make sure your books are always up to date.

Our main reasons for picking Airwallex as our top pick for business transfers are:

  • Competitive exchange rates
  • Flexible solutions including payment platforms
  • Developer API which automates payments
  • Xero integration

Get a sense of how much your transfer could cost using our comparison calculator below or learn more in our Airwallex review.

Promoted
Multi-Currency Business Account

FREE multi-currency business account

  • Send to 130+ countries
  • Create virtual debit cards in seconds
  • Sync your transactions to Xero
  • Dedicated account manager

Deep dive into business money transfers in our extensive guide.

Wise – Best for exchange rates

It’s hard to beat Wise when it comes to exchange rates as it is one of the few providers to offer the mid-market rate. The mid-market rate, or the interbank rate, is the one banks use to exchange currencies with each other. Money transfer providers typically add a markup to the mid-market rate in order to make money from the transfer.

Wise prides itself on offering the mid-market rate, choosing instead to add a transfer fee as its way to make money. This means that whatever exchange rate you are quoted by Wise is going to be the best exchange rate around. However, exchange rates are just one piece of the puzzle, so it is still worth comparing the overall cost of the transfer to make sure you are getting the best deal for you.

A close runner-up was Revolut, whose exchange rate was very, very close to the mid-market rate. However, while Revolut’s pricing is extremely competitive, it can depend on what plan you’re on, how much currency you exchange within a month, where you are sending to and even what day of the week it is. So for simplicity, Wise won out.

Here are the key features that meant we picked Wise as our winner for best exchange rates:

  • Always offers the mid-market rate
  • Wide reach – send money to 80 countries
  • Multiple payment options including Google Pay & Apple Pay

Use the table below to see how much Wise could cost you for your next transfer or read our full review.

1 - 1 of 1
Name Product Filter values Ratings Pay by Receiving options Fastest transfer Fee (pay by bank transfer) Key benefits
OFFER
Wise (TransferWise)
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Bank account
4 hours
From £3.75
Refer 3 friends to receive up to £50 referral bonus
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Compare up to 4 providers

Learn more about how to get the best exchange rate in our helpful guide.

How did we pick these providers?

Our top picks are made from our selection of some of the best money transfer products and services on Finder, based on our extensive research and market experience. We have highlighted brands that our analysis shows are the best fit for specific categories. Our researchers tried their services based on the important feature of that category and compared this with other providers. We also took into account any additional services we felt would be relevant.

When choosing a money transfer service, be sure to consider your own personal objectives, needs and circumstances before making a decision using our top picks.

Still interested in other options?

Check out the table below to see some other money transfer specialists and what they can offer. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.

1 - 20 of 20
Name Product Filter values Ratings Pay by Receiving options Fastest transfer Fee (pay by bank transfer) Key benefits
OFFER
TorFX
Finder rating
★★★★★
Debit card, Bank transfer
Bank account
24 hours
£0
Rate improver guarantee: TorFX will match and beat any rate you're offered by a competitor. T&Cs apply. Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.
Key Currency
Not rated yet
Bank transfer
Bank account
24 hours
£0
OFFER
Wise (TransferWise)
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Bank account
4 hours
From £3.75
Refer 3 friends to receive up to £50 referral bonus
OFX
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
CurrencyTransfer
Not rated yet
Bank transfer
Bank account
24 hours
£0
OFFER
Currencies Direct
Finder rating
★★★★★
Bank transfer
Bank account, Mobile wallet
24 hours
£0
Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.
OFFER
Xe
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account
Within minutes
£2
Refer a friend and you'll each get a £25 Amazon voucher when they transfer over £1,000. T&Cs apply.
DISCOUNT
PassTo
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet
Within minutes
From £0.99
No fees on your first 2 transfers. Refer PassTo to 3 friends to earn £50 once they each make a transfer of £200 or more. They'll earn £5 too. T&Cs apply.
OFFER
Atlantic Money (iPhone only)
Not rated yet
Bank transfer
Bank account
Within minutes
£3
Pay no fees on your first Atlantic Money transaction with this link.
Remitly
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet, Home delivery
Within minutes
From £1.49
OFFER
CurrencyFair
Finder rating
★★★★★
Bank transfer
Bank account
24 hours
£2.50
New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
OFFER
Revolut
Not rated yet
Bank transfer
Bank account
Within minutes
From £0
Sign up and get 3 months of Revolut Premium for free. T&Cs apply.
OFFER
WorldRemit
Finder rating
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet, Prepaid phone credit
Within minutes
From £1.99
Use promo code 4FREEFINDER to send your first 4 transfers with no fee. T&Cs apply.
OFFER
Airwallex multi-currency business account
Not rated yet
Bank transfer
Bank account
Within minutes
£0
Connect your Airwallex account to Xero at no additional cost. Plus, generate Airwallex payment links to share with your customers anywhere in the world so they can pay in the currency and payment method of their choice. T&Cs apply.
OFFER
TorFX Business
Finder rating
★★★★★
Bank transfer
Bank account
24 hours
£0
Rate improver guarantee: TorFX will match and beat any rate you're offered by a competitor. T&Cs apply.
Currencies Direct Business
Finder rating
★★★★★
Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
OFX Business
Not rated yet
Credit card, Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
CurrencyFair Business
Not rated yet
Bank transfer
Bank account
24 hours
£2.50
Zero fees on your first 10 transfers. T&Cs apply.
WorldFirst Business
Not rated yet
Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
Lloyds Bank International Transfers
Not rated yet
Bank transfer
Bank account
24 hours
Varies
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Compare up to 4 providers

Bottom line

There isn’t a one size fits all approach when it comes to international money transfers, as it depends on what your transfer needs are. This makes it difficult to declare a “best overall money transfer service”.

Having said that, there are some stand-out money transfer specialists that are worth considering. We believe that Wise, Xe and Remitly offer pretty good and versatile services overall, covering most of what you would need from a money transfer service.


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  • Wise vs Xoom

    PayPal’s native international transfers service goes up against the UK’s own Wise.

  • Western Union vs Wise

    Wise beats Western Union on exchange rate but has a way to go to match Western Union’s features (you can’t send cash) and global coverage.

  • Apps like Ria

    Find iPhone and Android alternatives to the popular Ria app for overseas transfers.

  • OFX vs Wise

    Compare live quotes and forex features from these two trusted global transfer specialists.

  • Apps like Xoom

    Find alternatives to PayPal’s Xoom and compare costs on your next overseas transfer.

  • CurrencyFair vs Wise

    Two bank-beating heavyweights of international money transfers go head-to-head in our comparison.

  • TorFX vs Wise

    Wise and TorFX go head-to-head in our clash of the international money transfer platforms.

  • Apps like Remitly

    US-based Remitly has become a popular choice for overseas transfers, but other services may be able to support a wider range of currencies.

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