Money Transfer

If you've reached here, then you're not far from an amazing money transfer service - getting the cheapest money transfers without compromising on quality or security!

What makes a good money transfer provider?

• Competitive rates
• A secure online platform
• A regulated service
• Fast transfers
• Excellent customer support

These are some of the essential criteria we analyse when adding listings. You'll find the best rates on international money transfer fees on the market. We only feature industry-leading businesses, that have dedicated a lot of effort to provide their customers with an enhanced and reliable experience.

Let's go through the main criteria you should be thinking about while choosing your provider. But first..

Money transfers: the basics

A money transfer is moving money from one place (account), to another. The concept is simple enough, but when you are talking about moving money internationally, other factors can come into play.

To start with, different territories (e.g., UK, US, Spain) have their own financial systems and hence, processes and regulations. The good news is that in most territories you want to send money, there's a secure and tested process that's been set up to protect you from having your funds missing or stolen.

The traditional process when it comes to money transfer is this:

What makes a good money transfer provider?

1. You tell or 'instruct' your bank to send the money to your friend Bob's account
2. The bank contacts Bob's bank to let them know you are transferring money
3. Bob gets the money you sent

In most cases, there's a cost to this in the form of fees or exchange rates (if sending internationally)

Today there are businesses that specialise in low-cost and lightning-fast money transfers. It's a service used by hundreds of thousands of individuals and businesses every year.

If you need to send money across the world for any reason - such as topping up your daughter’s account while she’s travelling, or sending money to your parents or a friend, there's no better way than through a dedicated service.

Explore your options through us and get a great transfer rate, quick delivery and a very safe and secure exchange in minutes.

Competitive rates

Of course, we all want to transfer money cheaply. Each listing on our platform competes for your attention. One of the ways they do this is to offer you the best deals.

'Rates' refers to the amount you’re charged for sending money. The higher the rate, the more expensive it is to move money around.

It's recommended that you compare at least three different companies to get an idea of the general cost.

But rates are only one factor, and some businesses that are cheaper, may offer less in terms of other services.

A secure online platform

We've made sure that you are covered in all cases with this, but it's good to be aware of it.

If you go to a site, and your browser extension alerts you that the site 'isn't secure', you shouldn't enter any personal details or even browse that site. Your private data can be collected, information stolen, or malicious software can infect your device.

A website that runs smoothly, looks maintained and is easy to navigate are all great signs and go a long way to build trust and confidence.

A regulated service

When it comes to money, businesses have to go through a strict process to be allowed (authorised) to conduct that particular service.

Information regarding what regulation a company is under, will usually be found in the footer of their website.

They’ll also give their authorisation number, which allows you to check on the relevant authority’s register (using that number), to confirm they actually have the right permissions.

It's a great way to have peace of mind by ensuring you are protected.

Fast transfers

This can make all the difference, especially if you need to get money somewhere urgently. Some may charge a small premium to have an even faster service, but generally a good timeframe will be anything from instant to 48 hours for the funds to be received in the recipient’s account.

Another factor to consider is where you’re transferring the money to. Some territories make take longer to process funds than others, so a longer time frame may be out of the transfer provider’s hands. Again, comparing transfers with a few providers is advised.

Excellent customer support

If you experience an issue before during or after using a service, you want to know there is someplace you can go to get it addressed.

A good provider will have at least one channel readily available (such as an email address, phone number or contact form).

You can also check on ‘rating and review’ platforms, to see what other users have said about them.

Without you, they wouldn't be in business, and this should be reflected in the way you’re treated and dealt with throughout.