List of Money Transfer Companies by Country + Bonus

Four Simple Steps to Choose a Service

Step 1: Shortlist the services for you based on country of residence OR where you are sending money to.

The lists below include Australia, Canada, United Kingdom and United States.

The reason we recommend this is there are security AND service benefits. Security benefits because of the regulators in each country to ensure your money is safe. Service benefits because customer service people will be able to assist with country specific questions. You are also more likely to get the best rates if they have many customers in the country you reside or the country to which you are sending money.

Step 2: Select money transfer service based on preferred method of transacting – phone or online (larger services offer both, but many smaller ones only offer telephone transactions)

Step 3: Select a service based on minimum amounts allowed AND any thing else you think is important.

Step 4: Get the OUR free PDF to save even more money.

2017 – $$$ Promotional Code for OFX $$$ – opens new tab 

Australia

Money Transfer Services in Australia

Service NameMinimum Amount ($AUD)Phone/ Online ServiceLocationsFees + ConditionsSpecial OffersTransferring $5000 to UK (see *Note)Transferring $50000 to UK (see *Note)
My BankNoneOnline/ Phone/ BranchAustralia$20 + bank at other sides feeNone£2,610.04£26,100.40
TorFX$250Online/ PhoneUK, AustraliaNo FeesClick here to get all transactions free £2,735*£27,428*
OFX - Full Review
$250Online/ PhoneUK, Australia, US, NZ, Hong Kong , Canada$15 fee or transfer $10,000 or more and it’s freeFirst Two Transactions Are Free£2,753*£27,612*
World First - Full Review $250Online/ PhoneUK, US, Australia$15 fee or transfer $10,000 or more and it’s freeClick Here for no fees for ever£2,750*£27,551*
CurrencyFair8 EuroOnline/ PhoneAustralia, UK, Ireland$4First Transaction Is Free
Transferwise$1 USDOnline/ PhoneBased online. 41 Supported Countries Including AUS, CAN, UK and USPrice depends on route (eg. AUD>USD is 0.7%)None£2763*£27,637*

* See Important Note About Rates At Bottom

Canada

Service NameMinimum Amount ($CAD)Phone/ Online ServiceLocationsFees + ConditionsSpecial OffersTransferring $5000 to USA (see *Note)Transferring $50,000 to USA (see *Note)
My Bank In CanadaNoneBranch Only Over $2500Canada$20 - $45None$4,330*$43,309*
CanadianForex - Now called OFX **click here for full review** $250Online/ PhoneCanada, UK, Australia, US, NZ, Hong Kong Over $10,000 free. Under $10,000 is $15Click here to get first 2 transactions free (one free offered normally)4,541.08*$45,525.33*
World First - Full Review$500Online/ Phone (below $2000 online)UK, US, AustraliaOver $1000 are free. The fee for payments under $1000 is $30Click here to get fee free transactions for life (one free offered normally)4,546.81*45,468.08*
Transferwise$1 USDOnline/ PhoneBased online. 41 Supported Countries Including AUS, CAN, UK and USPrice depends on route (eg. AUD>USD is 0.7%)None4,563.78*45,637.85*

* See Important Note About Rates At Bottom

United States

Service NameMinimum Amount ($USD)Phone/ Online ServiceLocationsFees + ConditionsSpecial OffersTransferring $5000 to Canada (see *Note)Transferring $50,000 to Canada (see *Note)
My Bank In USANoneOnline/ Phone/ BranchCanada, US$40None5,239.56*52,395.60*
USForex (now called OFX) $250Online/ PhoneCanada, UK, Australia, US, NZ, Hong Kong , Over $5,000 free. Under $5,000 is $5First two transactions free5,424.75*54,247.55*

Click for full review
World First - Full Review$500Online/ Phone (below $2000 online)UK, US, AustraliaOver $1000 USD is free - Under $1000 is $30 USDFee free transactions for ever5,419.30*54,179.33*
Transferwise$1 USDOnline/ PhoneBased online. 41 Supported Countries Including AUS, CAN, UK and USPrice depends on route (eg. AUD>USD is 0.7%)None5,451.87*54,518.74*

United Kingdom

Money Transfer Services in the UK

Service NameMinimum Amount (£GBP)Phone/ Online ServiceLocationsFees + ConditionsSpecial OffersTransferring $5000 to UK (see *Note)Transferring $50000 to UK (see *Note)
My BankNoneOnline/ Phone/ BranchUK£15 + bank at other sides feeNone£2,610.04£26,100.40
TorFX£100Online/ PhoneUK, AustraliaNo FeesClick here to get all transactions free £2,735*£27,428*
OFX - Full Review £100Online/ PhoneUK, Australia, US, NZ, Hong Kong , Canada£7 fee or transfer £3000 or more and it’s freeFirst Two Transactions Are Free£2,753*£27,612*
World First - Full Review £100Online/ PhoneUK, US, Australia£10 fee or transfer £500 or more and it’s freeClick Here for no fees for ever£2,750*£27,551*
Transferwise$1 USDOnline/ PhoneBased online. 41 Supported Countries Including AUS, CAN, UK and USPrice depends on route (eg. AUD>USD is 0.7%)None£2,766.77*£27,667.65*

* Important Note About Rates:

These rates are the average of  comparison websites. You should know – It is not possible for any website to give exact real time rates because each service will offer a different rate depending mostly on the amount you transfer but also as currencies fluctuate second by second.

The fact is, by the time you have registered with a company or even just logged onto their website, the rate they can offer will usually have changed.

We have included the rates here simply as a way to clearly show that the services are very similar in what they offer and a much better deal than banks. 

To decide which service is right for your needs, simply follow the steps above. More than $10,000 to transfer? I highly recommend you read my pdf book above to get the best rates and advice.

Bonus

 

PFD for transferring money overseas

If you want to save even more, I wrote, “3 Secrets to Transfer Money Overseas Safely, Hassle Free and with Lowest Fees”

One of the secrets I share in the PDF is that all these services are in hot competition with one another right now. In practice this means that if you are moving more than a few thousand dollars it may be worth your time to negotiate with one or two. In this eBook, I talk about how you can do this. This may save you an extra 1/2 a percent or so but the real savings are just simply by registering with one – any one – and using it instead of a bank.

Thank you for reading – I really hope it helps you quickly save even more.

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