Methodology for international money transfer scores

You may have noticed (you did, right?) that our international money transfer pages, tables and reviews come with a Finder score. Its there to help consumers figure out how good a company and its products are, at a single glance. But they wouldn’t be fair, and we wouldn’t be transparent, if we didn’t tell you how we came up with them.

What is the Finder score?

Our expert team evaluates various products in our database, assigning each one a score out of 10. A higher score means the product is more competitive and may offer better value.

If you want peace of mind, this rating will give it to you. These products offer the best value and outcomes considering various product features, terms, conditions and price.

Well-balanced products that provide what you need, offering a healthy mix of competitive features at a good price. However, they’re not quite the best in class.

Bottom line: You can find better, but these products still offer reasonable value and have the basics sorted.

These products may not offer much value in the long run, and there are better options available.

What factors do we take into account?

We assess products across a number of key areas:

• App rating. This is calculated by averaging the banking app’s score in the Google Play Store and the App Store.
• Fees. We consider if there are any transfer fees and what the exchange rate margin is for each transfer.
• Coverage. We score this based on how many countries you can send money to from the UK and how many currencies are supported.
• Facilities. What additional services are available? Do you get a personal account manager? Is there an option for recurring transfers?
• Speed. Here, we look at the fastest transfer available with that international money transfer service.
• Forex tools. We score this based on how many forex tools are available, such as forward contracts, limit orders, stop loss orders and price matching.

We average all these scores to come up with an overall Finder score.

Written by

Kate Steere

Editor

Kate Steere is an editor and money expert at Finder, specialising in banking, savings and fintech. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run. See full bio

Kate's expertise

Kate has written 174 Finder guides across topics including:

• Banking
• Savings
• Fintech
• Credit
• Payments