Good Money Guide Home > Compare Money Transfer Companies

Compare money transfer providers that can help you send money internationally or receive money in the UK. These money transfer companies can offer better rates and faster transfers vs banks because they specialise in international transfers.

Money Transfer ProviderWho are they?What do they offer?Best for?More Info

Wise Money Transfers

Founded in 2011, Wise was founded to primarily assist with small regular international money transfers.Wise offer a very low cost way to send money abroad. There is an excellent tool for getting live quotes on the websiteMaking normal international payments for personal and business transactions,See Offer

Azimo

Azimo offers international money transfers to over 200 countries. The Aizmo money transfer app has had over a million downloads and over 30,000 5* reviews.Azimo claim to be able to save up to 90% vs banks and traditional money transfer providers. Fees depend on the type of currency transfer and start at £1.Azimo are good for small international money transfers. The Azimo offering is mobile first so suits those happy to do everything on their phone.See Offer

Xe money transfers Xe

Last year Xe group made over $115 billion in international currency transfers.With Xe money transfers you can send money internationally 24/7 at bank beating rates & zero fees.Small one off currency transfers. quick and simple online process and sign up.See Offer

Western Union

Western Union was founded in 1851 and is one of the largest money transfer organisations in the worldWith Western Union you can send money to over 200 countries via their app, bank transfer or cash.Those who want to cash only and for physical pick up.See Offer

When to Use a Money Transfer Company

If you want to send foreign currency from one country to another you need an international money transfer provider.

Money transfer companies offer exchange rates that are much better than banks and because they specialise in foreign exchange the process is much more user friendly. Most established currency brokers do not charge a commission or any fee for paying the money to an international beneficiary.

Top Tip: Get your account open first, negotiate rates second.

Why? All money transfer brokers have to conduct identity checks so opening an account can take some time. Make sure you don't miss a great exchange rate and get your account in place well ahead of a transaction.

If you are sending over £10,000 it is possible to save up to 4% on foreign exchange transactions by using a currency broker as opposed to your bank. Use our quote form to request quotes from multiple money transfer providers or see here for travel money.

You can also request quotes from all the brokers at the same time. Fees relate to how far exchange rates are from the mid-market.

Money transfer companies offer exchange rates that are much better than banks and because they specialise in foreign exchange the process is much more user friendly. Most established currency brokers do not charge a commission or any fee for paying the money to an international beneficiary.