Have you ever been to any bank? If yes, then for what purpose? Mostly, people visit the bank for money-related transactions. It can be withdrawal, deposit, or transferring or sending money to any friend or relative.
It is a time-consuming process. Generally, you have to stand in a queue, wait for your turn, and then hand over the amount of money that you want to send.
In case of transfer, you have to fill a form and then wait for your turn to deposit it at the counter. Moreover, it takes a couple of hours for your transaction to get processed.
But we should be thankful for technology that all of the processes mentioned above can be done just by sitting at your home. Isn’t it exciting? You just need to have a smartphone or computer with a good internet connection.
With a single click, you can send money to any friend or relative through your electronic device. When the topic of discussion comes to money transferring, then there is one popular website that must be hitting your minds.
It is none other than the TransferWise platform. It is one of the best platforms for transferring your money online. Let us discuss more about the particular platform.
TransferWise was launched into the market in the year 2010, i.e., ten years ago from now. Taavet and Kristo were the key people behind the creation of the particular platform.
The headquarters of the platform mentioned is located in London, United Kingdom. So, the question arises, “What is TransferWise?” What is the exact function of the particular platform or website?
The website provides the service or platform for transferring your money online. It is running over most of the countries of the world. Moreover, it is available in multiple languages apart from English.
The company supports different types of currencies for transfer. The website charges you a certain amount to transfer your money to people from other countries. Now, the company charges a fixed fee in addition to some percentage of your amount to be transferred. It is widely used by people all over the world.
However, as we all know, there is not a single player in any field. Apart from TransferWise, there are many more similar platforms available online, providing money transfer services. You study them and choose your suitable platform accordingly.
Let us discuss all other TransferWise alternatives available for online users.
Best TransferWise Alternatives: Our Top Pick 👌
The list of different platforms similar to that of TransferWise is mentioned below:
1. Payoneer
The first item that we would like to include on our list of TransferWise alternatives is Payoneer (Signup Here). It is one of the most popular payment platforms available in the online market.
The platform has millions of users registered on it. It is quite an old website and was founded in the year 2005 by Yuval Tal. The app is known for providing one of the best domestic and international money transfer services.
The particular platform is very user-friendly. People find it convenient to go through the website. It is currently headquartered in New York. Let us learn more about the platform.
Payoneer aims to provide easy means for transferring money online. You will be amazed to know that big firms such as Airbnb and Google rely on a particular platform for their services.
Isn’t that great? Through the specific platform, you can send the converted version of any type of currency to the receiver. The platform has got good ratings and reviews on many prominent platforms.
The platform has also launched a mobile app of its own. The minimum transfer amount of money varies according to different customers. Payoneer charges a certain for every type of monetary transaction on its platform. However, a lot of users are quite satisfied with the platform and its services.
You will be glad to know that the particular platform is present in more than 200 countries. Moreover, it supports more than 15 different types of currencies. While registering, you can get the complete list of countries and currencies there.
In addition to all these, Payoneer also provides various kinds of products and services such as vendor, billing service, global payment services, mass payout, etc.
The payment methods are more straightforward here. You can pay through cards, net banking, etc. The app of the website is compatible with both iOS and Android devices. You can earn extra money by referring to the particular platform to any friend or relative.
You will also receive coupons frequently if you are a regular user of the service. You can also keep track of your business transactions. Moreover, you can easily withdraw your money here.
Undoubtedly, it is a convenient and secure platform for transferring your money online. Don’t delay. Go to the given link and start using its service today. You will definitely like it.
Click here to download the Payoneer app from the Google PlayStore.
Click here to download the Payoneer app from the Apple Store.
2. CurrencyFair
Let us now move to the next platform on our list of TransferWise alternatives. It is none other than CurrencyFair. As the name of the platform suggests, it is specially designed for fulfilling money transfer needs.
It is also an old website founded in the year 2009. It is best known as a peer-to-peer money transferring platform. It is considered one of the best options available in its category.
The company was founded in Ireland. CurrencyFair possesses a unique feature. There is an option of CurrencyFair Exchange, where you can bid for your preferred currency rates. Does that sound interesting to you?
This is one of the main reasons for the growing popularity of the website among its users and the online market. In many countries, users consider it as one of the best TransferWise alternatives. You can register yourself as an individual or business here.
There is a minimum transfer amount set here. Moreover, you will find most of its offices in the UK, Ireland, and Australia. You can also schedule your transfer according to your needs. There is another new facility available here. The particular platform provides the Express deposit facility.
In addition to all of these, the website supports many other languages apart from English. You can say that it is multilingual. However, it charges a fixed amount in addition to some percentage of your amount for transferring your money to a different account.
There is another major disadvantage of the particular website or platform. Are you a resident of the U.S? Then, this fact may affect you.
The U.S. residents cannot use the service of the platform. You will get every form of support in online mode only. So, you can expect minimal offline support from the specific website. Forward contracts are unavailable here. You may get sad to hear that. Moreover, you can’t expect any cash pick-up centers from the particular platform.
However, the company is led by a dynamic and young team. So, they regularly update the platform according to current needs in the market. You will also find it easy to use the particular platform. The website also has a mobile application of its own.
The app is supported by both Android and iOS devices. So, now you can use the service from any device. So, don’t delay and start getting its services soon. You will get the links to the platform below.
Click here to download the CurrencyFair app from the Google PlayStore.
Click here to download the CurrencyFair app from the Apple Store.
3. OFX
Let us move to the next option in our list of TransferWise alternatives. Most of you must be quite familiar with this platform. It is none other than OFX. This particular website is quite popular among online users.
Most of the users rely on this platform for the purpose of transferring their money to the receivers. If you search about it on any platform, then you can find that it has got good reviews from its users and critics. It was previously known as OzForex.
It is an old organization which was founded in the year 1998. It is headquartered in Sydney, Australia. It is one of the most significant online foreign exchange platforms based in Australia.
You will be amazed to know that the particular platform provides its services to many other reputed organizations such as MoneyGram, IMG Direct, Travelex, etc.
Apart from all of these, it also extends its services to many medium and small businesses. Matthew Glimour started the company mentioned above. Later, the Macquarie group acquired it.
The company now operates in many major countries in the world. It also has dedicated websites for the U.K, Australia, and the U.S. Moreover, you can register yourself on the specific platform as a business, individual, or online seller.
The platform is quite user-friendly and engaging. Most of the users are quite satisfied with their services. It tries its best to beat its competitors mentioned in the list. You can get threshold limits for free here.
Isn’t it exciting? Unlike many other organizations, the company provides offline support through local phone calls. There is another fantastic service available on the platform. You can initiate your transfer process through phone support.
However, the website is accessible only in English. Moreover, all the currencies cannot be traded online. Some of them need to be carried out through phone support. You will also find no cash pick-up centers here.
You can also use its mobile application, which is supported by both Android and iOS platforms. If you want to have an exciting experience in online money transferring, then don’t hesitate to use the platform mentioned above. It is one of the most significant online money transferring platforms ever built.
Click here to download the OFX app from the Google PlayStore.
Click here to download the OFX app from the Apple Store.
4. Ebury (Formerly Frontierpay)
The next website or app that we would like to add to our list of TransferWise alternatives is Frontierpay. Frontierpay is a UK-based platform. Or you can say that it originated from the UK. It is now rebranded as Ebury.
It is another popular platform in the world of online transactions or money transfers. The particular platform has got excellent reviews and ratings from its users and critics on many known platforms.
It is quite popular among the residents of the UK. Moreover, it is present, or it extends its services to many countries in the world.
It is one of the biggest competitors of all the platforms mentioned above. It has an essential differentiating factor from most of the money transfer services available online.
You will be glad to know that Frontierpay charges no fees for transferring your money to other accounts. In addition to this, it also provides an excellent and personalized service.
There is another essential service provided by the particular platform exclusively for its customers.
The organization provides you with a personalized manager to assist you with your money transactions. You can also access different types of currency solutions from them. Isn’t it amazing? The platform believes in complete customer satisfaction.
You can get access to its service as a business or individual. You will also be glad to know that apart from using the online services, you can also use the phone service to complete your currency transactions.
What more do you need? You will get every type of customized service on a particular platform. You will also get the option of forwarding contracts and hedging tools here. The customer assistance service provided by the specific organization is excellent.
However, there is a limit to the minimum amount of money that needs to be transferred. You cannot use any amount below it. The website of the following platform is available only in English.
It is entirely UK-based, which means its offices are in the UK. Moreover, unlike many other platforms mentioned above, Frontierpay does not provide cash-pick-up centers.
Though there are a few disadvantages present on the above platform, there are many benefits offered to its customers. This website is worth giving it a try. What are you waiting for? Go ahead and avail of its service.
5. XE
Let us move to the next organization or platform on our list of TransferWise alternatives. The next platform is an interesting one. It is none other than XE. If you are from Canada, you must have surely heard about the particular app.
As you can relate, XE originated from Canada. However, it is one of the best money transfer services available in the online market. Apart from Canada, it is present in many major countries in the world.
In addition to Canada, the particular organization has its offices in the US and the UK. This is one of the most prominent platforms of XE.
It is an old platform that was launched in the year 1993. It merged with HiFX, the UK, in the year 2019. For this particular reason, it has a vast customer base. Moreover, the website claims to have more than 250 million visits per year.
If you want to execute personal transfers, then you can rely on this platform. It provides a particular service for free. However, if you are a business client, you need to pay a nominal fee for executing your transaction.
In addition to all of these, you will be glad to know that XE is available in many other languages other than English. Or you can say that it is a multilingual platform.
Here, you can register yourself as an individual also. It provides dedicated websites according to different countries. So, the residents of the particular countries can feel their nationality from the XE platform.
The site is user-friendly. Even if you are a beginner, you can quickly learn to operate the website and execute your monetary transactions. Limited orders are provided on the particular platform.
You will also be amazed to know that you can get customer assistance from the platform mentioned above in different languages. You can choose your most convenient language and proceed with your query. However, you cannot set your schedule for various transactions here.
Moreover, you will not get any service of pick up centers from the platform. These are some of the disadvantages that you may face here. For more convenience, the particular platform can also be downloaded as a mobile application on any Android or iOS device.
It is one of the most beautiful money transfer services available in the market. Do not forget to give it a try.
Click here to download the XE app from Google PlayStore.
Click here to download the XE app from the Apple Store.
6. TorFX
The next platform or website that we would like to add to our list of TransferWise alternatives is TorFX. It is another big money transferring service provided to online users.
Many users consider it as one of the most convenient platforms available in the online market. Let us know more about the particular platform.
The first advantage that you can get from the platform mentioned above is that it provides better exchange rates if we compare it to the banks.
Does that sound fascinating to you? If you compare TorFX with other money transferring services, then you can find that The former provides its users with better or highly competitive rates and charges. It was started in the year 2004. More than 50000 customers have got immense help from TorFX.
You can register yourself as an individual or business here. You will be amazed to know that the particular platform processes 3 billion pounds on average every year in case of overseas payments.
So, you could now imagine the number of users registered with the platform. Though the company is UK-based, it has a dedicated website for Australian residents. Moreover, its offices are present in South Africa, the US, UK, Europe, etc.
More than 300 staff members are associated with the particular platform. It provides excellent solutions for transferring money to the residents of the UK. If you want to execute personal transfers, then it is the right platform for you as it charges you no fees for that. Moreover, you can get another advantage on the particular platform.
You can easily schedule your money transfers. The user interface associated with the specific platform is entirely interactive. Users feel more engaged in the platform. Even if you are a beginner, you will not find any difficulty in operating it.
There are many options available for you on the platform, such as forward contracts, stop-loss orders, spot orders, and limit orders. However, the website of the particular platform is available only in the English language.
The company is totally UK-based. It has no international offices present worldwide. Like some of the other platforms, TorFX also provides no facility for pick-up centers. The company is best known for the customer service that it provides.
You will also be glad to know that the service is also available in the form of mobile applications. Those applications are compatible with both Android and iOS platforms. You can quickly transfer foreign currencies with a single click on your phone.
This is one of the best apps available in the online market. Do not hesitate to use it if you want a smooth money transferring process. Give it a try. You can find its access links below.
Click here to download the TorFX app from the Google PlayStore.
Click here to download the TorFX app from the Apple Store.
7. Currencies Direct
Let us move to the next option available on the list of TransferWise alternatives. It is none other than Currencies Direct. As the name of the particular platform suggests, it is specially built for transferring different kinds of currencies to separate accounts.
It is one of the best platforms used by different people and businesses for the transaction of currencies. Let us know more about the specific platform.
It is quite an old company that started to begin its services in 1996. It is quite popular among the residents of Europe. You will be amazed to know that it is one of the oldest foreign currency exchange platforms in Europe.
Moreover, it is also one of the largest organizations in its domain. Mayank Patel and Peter Ellis were the key people behind the formation of such a large organization. The company has its offices extended to many countries and cities.
UK, India, Portugal, the USA, France, Spain, etc. are some of the examples of places where the offices of the particular organization are located.
The platform has another significant advantage over most of the options mentioned in our list. It is available in many languages other than English, such as Spanish, Chinese, Swedish, French, Italian, etc.
You can consider it as a multilingual website or platform. You can register yourself on the particular platform in three categories- individual, business, or online seller.
You will also get the service of account managers for every type of transaction that you want to perform on a particular platform. The residents of the UK get extensive money transfer solutions from Currencies Direct.
The users find the money transferring experience on the specific platform to be quite exciting and easy. You will also be glad to know that Currencies Direct provides the service of local phone support in many countries for making your money transferring process smoother. You no longer need to open the webpage.
You just need to make a call, and your money will be transferred as soon as possible. Limit orders, spot orders, and forward contracts are some of the significant factors of attraction available on the platform mentioned above. You can also easily schedule your transfers according to your convenience.
However, there are some states in the US, whose residents can’t register themselves as customers on the platform. Cash pick-up centers are also absent from the particular organization.
Moreover, the organization provides its services to customers in the form of mobile applications also. So, you are just a click away from your problem. Download the app and go through it to make your money transferring experience satisfying.
Click here to download the Currencies Direct app from the Google PlayStore.
Click here to download the Currencies Direct app from the Apple Store.
8. WorldFirst
The next website or money transferring service that we would like to include on our list of TransferWise alternatives is WorldFirst. The particular organization came into existence in the year 2004.
It is another famous name in the world of currency transfers. The organization has managed to create a good reputation in the market. And for this reason, it has a massive base of customers.
The organization was started as a small business in Stockwell, South London. Over the years, the company has become one of the leading money transferring firms available in the world.
More than 120000 payments had been processed by the year 2013. The particular organization has its offices in Singapore, Hong Kong, and Australia. The website runs not only in the English language but also in Chinese, French and Japanese languages.
The company has an extensive global team, and more than 400000 customers registered on its platform. It is really a mark of success for any kind of company or organization. You can register yourself on the particular platform as an individual, business, or online seller.
The facility of payment of transparent fees exists over the interbank rate. There is another unique feature available on the particular platform. You will be glad to know that you can avail different types of offers as an individual or business on the WorldFirst platform.
You need not worry if you are a resident of a different country. You can transfer your money through the phone service facility provided by the specific website or platform.
There is a feature named “World Account” available on the particular platform. Through this feature, you can use virtual bank accounts for performing your currency transactions.
Isn’t it exciting? Moreover, you will be glad to know that here, you can easily integrate Xero and World Account. Like most of the money transfer platforms, you will get the facility of forwarding contracts and spot orders at WorldFirst.
In addition to all of these features, you can also get the facility of scheduling your currency transfers on a specific platform.
However, different persons or businesses will have different transaction limits based on their locations and payment methods. If you are a resident of the US, then you cannot register yourself as a customer here.
Moreover, no pick-up centers are provided by the organization mentioned above. The organization also provides its services through mobile applications.
You can use the app on both iOS and Android devices. You can find the access links of the platform below. Go ahead and use the services of the platform. You will definitely like it.
Click here to download the WorldFirst app from the Google PlayStore.
Click here to download the WorldFirst app from the Apple Store.
9. Global Reach Group
Let us move to the next item on our list of TransferWise alternatives. It is none other than the Global Reach Group. As the name of the organization suggests, its motive is to make the global money transferring services more straightforward and better.
It is one of the most popular platforms available in the online market. The platform has a vast number of users associated with it. Global Reach Group originated from the UK. Many users consider it as one of the most effective alternatives to TransferWise.
The company began its operations in the year 2005. Apart from having an office in the UK, the company also has offices in Cyprus, South Africa, and the Netherlands.
However, you may be a bit disheartened to know that the website can only be accessed in the English language. The organization and its services have received excellent ratings and reviews from its users on many prominent platforms.
Moreover, there is a vast number of users registered with the particular platform. You can register yourself here as an individual or a business. There are dedicated currency brokers provided by the platform. You can get access to them anytime. Does that sound interesting to you?
Moreover, you can schedule your money transfers on the particular money transferring platform. Like many other platforms, you can also get forward contracts, stop-loss orders, and limit orders here. Again, you will also not get any pick center service provided by the specific organization.
You can get access to the service through its website. The platform is entirely interactive. Even if you are a beginner, you can quickly learn to use it for your service. Go ahead with the platform mentioned above if you want to experience a hassle-free money transferring process.
10. WorldRemit
The next platform that we would like to include on our list of TransferWise alternatives is also an interesting one. WorldRemit is the name of the particular organization.
It is another famous name in the market of money transferring platforms. WorldRemit has managed to create a good reputation in the market.
It has got good ratings and reviews on many prominent platforms. If you compare it with other platforms in the list, then you can find that it is one of the latest ones. The headquarters of the particular organization is located in the UK.
However, the company also has its offices in the US, Australia, Canada, Japan, etc. You will be glad to know that the specific company has processed millions of transactions since its origin.
Moreover, People have transferred funds to more than 125 countries through the WorldRemit platform. Isn’t it exciting? It is a significant achievement for any organization. Its website is not only available in English, but also in Spanish and French.
The platform is equipped with another unique feature. Unlike most of the currency transferring platforms, WorldRemit provides the facility of cash pick-up centers. This is the reason for the growing popularity of the specific website or platform.
Through the platform, you can top up your mobile wallets or airtime anytime. The platform has set a minimum transfer amount limit for its users. However, you can register as a business here. You have to perform your transaction as an individual only.
Moreover, the transfer limits will be decided as per your location and your selected mode of transfer. You won’t find any limit orders or forward contracts on the particular platform.
In addition to all of these, you also can’t schedule your currency transfers. The organization provides its service through mobile applications also. You can run those apps on Android and iOS platforms.
It is one of the most innovative platforms available in its category. You can get its access links below. Go ahead and experience the services of the specific platform. You will definitely enjoy it.
Click here to download the WorldRemit app from the Google PlayStore.
Click here to download the WorldRemit app from the Apple Store.
11. SendFX
Let us move to the next option in our list of TransferWise alternatives. We would like to add SendFX to our bucket. It is one of the most preferred platforms by users. It is an innovative platform headquartered in Australia.
You can register yourself as an individual or a business here. The organization provides a unique feature for its users. You can get access to its digital wallet. Through the particular wallet, you can keep hold of your funds.
Moreover, you can perform your transaction in more than 40 countries. If you are a resident of Australia, then there is a piece of good news for you. You can perform personal currency transfers for free. You need not pay any type of fee for that.
The website is available only in the English language. You can quickly transfer currencies from Australia without paying any fees. You can transact in more than 30 currencies. You can transfer your money within a single day. Isn’t it good?
The particular platform is known for providing ultimate customer satisfaction to its users. You will also get the option of choosing forward contacts and spot transfers here.
If you are a business client, then SendFX is the right platform for you. You will get exclusive service from dedicated account managers for your business transactions on a particular platform.
There is another good news for the users of SendFX. It is in the news that the specific organization will be launching its Visa card soon. However, the platform has set a minimum limit for performing your transaction.
The organization is physically present only in Australia. Like many other platforms mentioned above, SendFX provides no service of pick up locations. Despite some of the disadvantages, the organization has managed to create a massive base of users for its platform.
However, the mobile application of the particular platform is not yet available for use yet. This is one of the popular platforms or websites available in its domain. Millions of users are satisfied with the platform.
If you want to have significant money transferring experience, then go ahead with the platform. You will definitely have a good time with the particular platform, as it is entirely interactive and simple to use. You can find its access link below.
Conclusion
Technology has taken a significant turn in today’s time. Earlier, it was difficult to transfer money or currencies to different countries. But now, the process has become simpler due to many upcoming digital platforms in the market.
TransferWise is one of the most popular platforms available in the market. However, you can also get access to many TransferWise alternatives. We have mentioned the list of TransferWise alternatives in the above list.
You can choose any one of them according to your requirement. It depends on the type of service that you need. Go ahead and use those platforms for experiencing better currency transferring experience.
