The best alternative companies to Currencies Direct for sending a money transfer
Currencies Direct is an international money transfer service dedicated to helping its customers save more when transferring money internationally. With 39 currencies to choose from (and others that can be discussed with the company itself), it is more flexible than other money transfer services. So long as there’s a bank account available, Currencies Direct will transfer and exchange your funds at a low flat rate.
Pros
No fees for 90% of its transactions
Worldwide service
Competitive exchange rates
Low minimum transfer of $100
Supports large transactions at a seemingly unlimited max
Monitors exchange rates for your ideal transfer
Cons
No cash pickup option
Does not support all currencies (though you can contact them if yours isn’t listed)
Curious about other options besides Currencies Direct? Compare the competition here.
Alternative sites like Currencies Direct
HIFX
OFX
World Remit
Travelex
TorFX
World First
Transferwise
Western Union
RIA
MoneyGram
Xoom
Sharemoney
Walmart
Currency Online
Paypal
Click here to see Currencies Direct
1. HIFX
HiFX is a service designed to help you transfer your funds to a bank in a foreign currency. If you’re working far from home, HiFX is ideal for getting cash to your family or making investments overseas. Given how easy it is to transfer your money to foreign companies in their currency, it’s especially ideal for business accounts.
Pros
One of the most trusted money transfer names in the UK
Competitive exchange rates save you money in the long run
Quick turnaround means transfer is complete in 1 to 4 days
Cons
Rate comparison tool not available until after you’ve registered with the site
Go to the HIFX website
2. OFX
OFX offers transfers and exchanges into 55 different currencies. If you’re a larger business looking to pay for exports or just need to transfer a larger sum to an account overseas, this service may be ideal.
Pros
24-hour customer support
Available in 195 countries and 55 currencies
Offers scheduled and recurring transfers
iOS and Android apps available for mobile transfer and tracking
Cons
Minimum transfer of $1,000.
Go to OFX website
3. WorldRemit
WorldRemit provides a variety of transfer options in more than 120 countries worldwide, including online, bank-to-bank and cash transfers. Fees vary by country you’re sending funds to and the global exchange rate at the time of your transfer. WorldRemit is ideal for small businesses, offering transfers from $1 to $2,000.
Pros
Flexible payment options
Easy three-step transfer process
Transfers to mobile wallet accounts
Cash pickup available
Mobile airtime account transfers
Cons
The higher your transfer, the greater the transfer fees
Go to the WorldRemit website
4. Travelex
Around since 1976, Travelex is an international money transfer service in 177 countries worldwide. Through its simple online process, you can transfer money to someone on the other side of the world within a couple of days. Its minimum transfer amount for overseas is $500, and it keeps you up to date on exchange rates, so you can know exactly how much money your recipients will receive in their accounts.
Pros
Flat fee of $5 for any transaction under $5,000
No fee for transfers of $5,000 or more
Exchange to more than 45 different currencies
Home delivery available
Cons
Exchange rates not always the most competitive
No cash payments or cash pickups allowed
Go to the Travelex website
5. TorFX
TorFX is a strict money exchange and transfer company that focuses on getting your funds where they need to go quickly. Unlike other services, it requires that funds to be cleared by individuals who hold TorFX accounts. The money must be sent in advance before the transaction can be performed. TorFX cares about its customers, with clarity and friendly service two of its highest priorities.
Pros
Competitive exchange rates
Free market news
Fixed exchange rate protection
Can save you 5% on bank exchange rates
No bank charges or commissions
Consult with currency experts
Cons
Potential risks of exchange include market volatility
Can only send from Australia
Users report technical and administrative problems that delay transfers
Go to the TorFX website
6. World First
World First is an online money transfer company founded in the UK in 2004. Since then, it’s transferred more than $56 billion worldwide, servicing over 75,000 customers regularly. Its wide array of services keeps people coming back transfer after transfer.
Pros
Competitive exchange rates
Offers spot contracts, forward contracts and hedging options
Provides weekly updates on market exchange rates
Rate lock available for continuing transactions
High maximum transfer
No fees for transfers of $10,000 or more
Customer support available
Cons
Minimum amount of $500
Go to the World First website
7. Western Union
Around for more than 160 years, Western Union continues to make it easy for you to transfer money in the United States and overseas. In more than 200 countries and territories across the globe and with more than 500,000 agent locations worldwide, money pickups are a breeze.
Pros
Low minimum transfer of $1
Send money in minutes
Transfer to a wide range of countries
Competitive live exchange rates updated regularly
Multiple transfer options
Trusted provider
Cons
Can be more expensive than other transfer companies
Learn more
8. Ria
In business for more than 30 years, RIA is a global monetary transfer network with more than 240,000 agent locations in 130 countries. It is the third-largest international money transfer provider in the world. Offering a wide variety of payment options and transfer services, RIA knows how to keep its customers happy with a simple transfer process.
Pros
Wide variety of transfer options
Good rates and minimal fees
Online price calculator simplifies money conversion
Expert advice
Cons
Maximum daily transfer cap of $2,999.99
Go to the Ria website
9. Moneygram
The second-largest international money transfer service in the world, MoneyGram is a big contender for money transfer. Its services transfer and exchange currencies in over 200 countries and territories around the world to more than 350,000 agent locations worldwide. If you’re not confident about transferring money online, an employee can walk you through the process at of the 40,000 locations here in the States.
Pros
Extensive global network of 350,000 agent locations
Large pool of services available for sending, receiving or financing
Secure and reliable
Fast transfers, with same-day service in many locations
Cons
Maximum online transfer amount of $2,999
Fees vary depending on payment type and transfer destination
Transfers must be made in US dollars from the US (no exchanges before transfer)
Local exchange rates vary by transfer destination
Go to the Moneygram website
10. Xoom
Xoom is a leading provider in the digital money transfer market, offering transfers to 38 countries around the world. Using online money transfers, it streamlines the process without taking chunks out of your funds for commissions.
Pros
Specializes in international money transfers
More than 14 years of experience
Money-back guarantee if your transfer doesn’t work out
Cons
Small international network compared with competition
Learn more
11. Sharemoney
Sharemoney is a part of the Omnex group, a company that’s specialized in money transfers for over 25 years. Its constantly expanding service range and offer door-to-door and cash pickup options on top of the usual transfer techniques.
Pros
Low transfer fees
Exchange rate calculator helps you see just how much money you’ll get for your dollar
Fast and easy service
Door-to-door delivery in as short as 48 hours
Discounts available on Facebook
Cons
Doesn’t transfer to every country
Exact location must be specified for cash pickup
Daily transfer limits of $9,999
Learn more
12. Walmart
Known for its retailing business, Walmart offers money transfer services to over 190 countries thanks to a partnership with MoneyGram. Funds can be picked up at any Walmart in the US or Puerto Rico or sent to any one of MoneyGram’s 336,000 agents around the world.
Pros
Widespread network of agents gets your money where it needs to go
Transfer to more than 190 countries
Efficient transfers in as little as 10 minutes
Cons
Cash pickups only
Learn more
13. Currency Online
Founded in 1986, Currency Online was one of the first to offer online money transfer services. HiFX became its parent company in 2008, and it continues to offer low competitive rates by cutting the usual banking fees out of the picture.
Pros
Exchanges more than 25 different currencies
Multiple services like spot contracts and market orders
Quick turnaround in 1 to 4 days
24-hour customer service
No minimum transfer
Cons
No cash pickup
Not available in the US, Quebec (Canada) or Japan
Threshold fee charged for some amounts
Learn more
14. Paypal
You likely know PalPal’s digital service for online purchases, but you may not know that it supports wireless overseas transfers. Its popularity around the world makes it possible to transfer up to 20 currencies across more than 200 countries. While PayPal is like a digital banking service, its rates are competitive compared with most banks and financial institutions, making it a good choice to avoid headaches.
Pros
Minimum rate of $0.02
Available in 203 countries
Offers recurring payments
Excellent for smaller transfers
Multiple digital safeguards in place to protect against fraud and hacking
Cons
Fees are proportionate to the amount transferred. The larger the transfer, the more money they take.
Fees vary by location of transfer and method, with better deals for using a PayPal credit card or account
Learn more
Services with high maximum limits
There are other services similar to TransferWise where you can send a large sum. Services with no maximum limit:
OFX
HiFX
World First
World Remit
Travelex International Payments
TorFX
Currency Online
Need a service with flat fees? Travelex offers a flat rate of $5 for transactions under $5,000. These money transfers services also offer low fees:
OFX: Standard fee of $5 if you’re transferring under $5,000. More than $5,000, no transfer fee.
World Remit: First transfer free, then varies by country and amount.
HiFX: No fees on transactions of $5,000 or more.
OFX International Money Transfers
Exclusive offer for finder.com customers:
OFX are offering exclusive exchange rates to finder.com customers – which means your recipient could receive more in their bank.
No fees: There is a $0 online transfer fee for all finder.com customers.
Special exchange rates: Discounted rates are applied and will be shown along with the transactional rates.
Find out more
Apply now
Read the OFX International Money Transfers terms and conditions.
Minimum and Maximum transfer limits by Provider
Provider
Type of transfer provider
Minimum transfer amount
Maximum transfer amount
OFX
Online transfer provider
$150
No limit
HiFX
Online transfer provider
$50
No limit
World First
Online transfer provider
$250
No limit
WorldRemit
Online transfer provider
$0
No limit
Travelex International Payments
Online transfer provider
$500
No limit
TorFX
Online transfer provider
$200
No limit
Currency Online
Online transfer provider
$0
No limit
Western Union
Online transfer provider
$1
$50,000.00
TransferWise
Online transfer provider
$1
$36,000.00
Xoom
Cash transfer provider
$1
$2999.99
MoneyGram
Cash transfer provider
$250
$2999.99
RIA
Online transfer provider
$1
$2999.99