How These Money Transfer Companies Made It to the Top

The global economy of today is powered by the ability of business and trading organisations to seamlessly transfer money across borders.

In the past it was only banks and legacy money transfer agencies that undertook the international transfer of money. The advent of the digital age has, however, enabled a slew of new age international money transfer companies to offer these services at excellent terms.

Quite a few of these international money transfer companies have earned a reputation formidable enough to place them among the top, as MoneyTransfers.com reveals. Let’s look at some of them and examine what makes them the very best among international money transfer companies.

1.  Remitly

This service works out great for those who are sending money abroad for the first time, what with their convenient way of enabling the money transfer, as well as the attractive rates offered to new customers. They offer an express service that enables an international money transfer in four hours’ time as well as an economy version that takes 3 to 5 business days for a transaction to be complete. The fee charged for each service is, of course, commensurate with the delivery timeline.

2.  TransferWise

TransferWise has earned a creditable reputation for itself as both an economical and efficient enabler of international money transfers. Both their exchange rate and upfront fee are quite attractive, making them a very popular choice for people seeking to transfer money abroad cheaply. Besides, there are no upper or lower limits on the amount of money one can transfer. Their user friendly app and website make an international money transfer a breeze.

3.  OFX

They have been around for two decades and are known to not charge anything for transferring money abroad. Their ability to transfer money within 24 hours in the case of 80% of the world’s currencies. They are quite a popular service in the UK, Australia, Canada, Hong Kong, New Zealand and the US.

4.  XE Money Transfer

They are an extremely popular international money transfer company on account of the excellent terms they offer, as well as their customer service, which is out of the top drawer. Their rates too are quite good, especially when compared to banks.

5.  TORFX

This is another very popular international money transfer agency known as much for their better-than-bank rates, as they are for the many accolades they have gathered over the years for their stellar services. It’s not for nothing that they have been designated UK’s International Money Transfer Provider for the years 2016, 2017 and 2018. You can even transfer amounts greater than $2500 via phone instructions to the personal account manager, as also online.

6.  Currencies Direct

Again,this international money transfer agency is a much awarded one, having been nominated as the Money Age award winners for the years 2016, 2017 and 2018. They don’t charge a transfer fee and enable international money transfers quite conveniently via online, phone and app. Their popularity can be gauged by the fact that they have as many as 325,000 customers.

7.  Moneycorp

This is quite a popular international money transfer service on account of the fact that they are known to be very user friendly, safe and secure. You pay nothing for opening an account with them and they charge nothing for enabling an international money transfer either. What’s more their exchange rates are very competitive, which you can avail of through your personal account manager or via a 24×7 online account. It’s not for nothing that they are the recipients of the Feefo Gold Trusted Award.

Conclusion

The international money transfer service market is truly a buyer’s market where one gets to choose a service provider based on how best they can serve your interest. All you need to do is to take the trouble of finding out which one of the many offers you receive is the right one for you.

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