Headquartered in New Zealand, Currency Online provides specialist international fund transfer services to individuals and businesses from different countries. If you have turned to the Internet to look for a suitable Currency Online alternative, you have several from which to choose. However, do not select a company simply because it works well for someone else.
Selecting the right alternative to Currency Online requires that you pay due attention to your individual requirements. For instance, are you choosing a company that has a minimum transfer amount requirement in place? Or do you wish to transfer an exotic currency?
Use the table below to narrow down on a suitable Currency Online competitor.
- Identify companies that offer your desired transfer method.
- Compare fees and transfer speed.
- Check if you meet minimum transfer amount requirements.
- Make a selection.
Currency Online Competitor Comparison Table
XE.com
Regular payments to family or friends PayPal accounts is not currently possible.TransferWise
WorldRemit
from Australia would incur
€50 fee + 4-5% exchange
rate fee on top of market rates.
Regular payments to family or friends PayPal accounts is not currently possible.OFX
Phone
£0
CAD$15
AUD$15
€10
XE
XE, a Canada-based overseas money transfer specialist, began operations in 1993. In 2008, the HiFX Group acquired Currency Online Limited. In 2014, Euronet Worldwide Inc. went on to acquire the HiFX group. In 2019, HiFX merged with XE. Despite these turn of events, Currency Online and XE Money Transfer operate as competitors in the overseas fund transfer world. XE manages dedicated websites for residents of Canada, the U.S., the UK, Australia, and New Zealand. Access to all its websites comes in different languages. You can register with XE as an individual or a business.
Pros
- Serves individuals and businesses
- Physical presence in Canada, the U.S., and the UK
- Use the XE website in different languages
- Personal transfers come with no fees
- Choose from spot contracts and limit orders
- Get multilingual customer support
Cons
- Transfers only to bank accounts
- Does not provide scheduled transfers
OFX
This Australia-based Currency Online alternative began operations in 1998, as an information-only website. It has offices in the U.S., Canada, the UK, New Zealand, and Hong Kong. The company underwent a rebranding exercise in 2015, prior to which it was known as OzForex. The group operated dedicated websites for some countries in the form of USForex, UKForex, CanadianForex, and NZForex. All these websites already transitioned to the global OFX website. The company provides services to individuals, businesses, and online sellers.
Pros
- Serves individuals, businesses, and online sellers
- Offices in Australia, the U.S., Canada, the UK, New Zealand, and Hong Kong
- Pay no fees for personal transfers
- Choose from spot transfers, market orders, and forward contracts
- Lets you schedule transfers
- The OFX Global Currency Account gives you free receiving accounts in USD, CAD, GBP, EUR, AUD, and HKD
- Initiate transfers online or over the phone
- Get local phone support in some countries
Cons
- Transfers only to bank accounts
- You cannot transfer some currencies online
TransferWise
This UK-based Currency Online competitor began operations in 2011. It also has offices in the U.S. and Estonia. Access to the TransferWise website comes in English, French, Italian, Spanish, Portuguese, Russian, Hungarian, and Chinese. You can register as an individual or a business. The company accepts credit card payments from residents of some countries.
Pros
- Serves individuals, businesses, and online sellers
- Lets you register using your Google or Facebook account
- No minimum transfer limit
- Multilingual website
- The Borderless Account gives you access to free receiving accounts in different currencies
- Depending on where you live, you may pay using a bank account transfer, a debit card, a credit card, POLi, or SOFORT
- Send and receive money using no more than email addresses
Cons
- Transfers only to bank accounts
- Peer-to-peer transfers not available to and from all countries
- No scheduled transfers, limit orders, or forward contracts
- Transfer fees vary depending on the currencies involved, the transfer amount, and the payment method
WorldRemit
WorldRemit began operations in 2010. This company has its headquarters in the UK, and offices also in the U.S., Australia, New Zealand, Japan, and Canada. You can use the WorldRemit website in English, French, and Spanish. The company lets you register as an individual only. You can pay for your transfer using a credit card.
Pros
- Lets you send money to bank accounts and agent locations
- Allows topping up of mobile airtime and wallets in some countries
- Offices in the UK, the U.S., Australia, New Zealand, Japan, and Canada
- Multilingual website
- Transfer as little as £1
- Provides local phone support in some countries
Cons
- Does not serve businesses
- Does not provide scheduled transfers, limit orders, or forward contracts
- Where you live and the desired transfer method may have a bearing on transfer limits
- Transfer fees may vary depending on the currencies involved, the transfer amount, and the transfer method
CurrencyFair
Headquartered in Ireland, this Currency Online competitor also has offices in the U.S. and the UK. It began operations in 2009. Access to the CurrencyFair website comes in English, French, and Polish. A unique aspect about the company is it lets you bid for preferred exchange rates in advance. You can register with CurrencyFair as an individual or a business.
Pros
- Sign up as an individual or a business
- Ireland-based, offices also in the UK and Australia
- Low minimum transfer amount of €8
- The Exchange platform lets you bid for preferred rates
- Allows scheduling of transfers
- Website access in multiple languages
Cons
- Does not provide market orders or forward contracts
- Transfer fees include 0.35% of the transfer amount plus €3
- Transfers only to bank accounts
- Does not provide services in all states in the U.S.
Currencies Direct
Currencies Direct began operations in 1996. This alternative to Currency Online has its headquarters in the UK, with offices also in the U.S., France, Spain, Portugal, South Africa, and India. Its operations spread to Ireland, Malta, and Scandinavia as well. The company has dedicated websites for the U.S., the UK, Spain, France, Portugal, Italy, Germany, Norway, and China. You can use these websites in local languages. The company provides services to individuals, businesses, and online sellers.
Pros
- Register as an individual, a business, or an online seller
- Offices in the UK, the U.S., France, Spain, Portugal, South Africa, China, and India
- Get access to an account manager upon signing up
- Multilingual website
- Provides spot transfers, forward contracts, and limit orders
- Lets you schedule transfers
- Offers local phone support in some countries
- Residents of the UK may use its travel money solutions
Cons
- Carries out only bank account transfers
- Does not provide services in all states in the U.S.
WorldFirst
This Currency Online alternative has been around since 2004. Headquartered in the UK, it also has offices in Australia, Hong Kong, and Singapore. WorldFirst operates dedicated websites for the UK, France, Australia, Japan, China, Singapore, and Hong Kong. You can use some of these websites in local languages. Depending on the WorldFirst website you choose, you can register as an individual, a business, or an online seller.
Pros
- Serves individuals, businesses, and online sellers
- Offices in the UK, Australia, the Netherlands, Hong Kong, Singapore, and Japan
- A transparent pricing band applies over existing mid-market/interbank rates
- Multilingual website
- Get free receiving accounts in different currencies by signing up for the World Account
- Avoid currency conversion fees when using matching currency accounts to make or receive international payments
- Link your World Account with Xero easily
- Provides spot transfers and forward contracts
- Scheduling transfers is easy
Cons
- Transfers only to bank accounts
- Transfer limits depend on where you live and the payment method
- Residents of the U.S. cannot use its services to send money
Global Reach Group
This UK-based alternative to Currency Online began operations in 2002. Headquartered in the UK, Global Reach Group also has offices in Cyprus, the Netherlands, and South Africa. You may use the Global Reach Group website only in English. The company provides services for individuals and businesses.
Pros
- Register as an individual or a business
- Offices in the UK, the Netherlands, South Africa, and Cyprus
- All registered customers get access to currency brokers
- Provides spot transfers, limit orders, stop loss orders, and forward contracts
- Allows scheduling of transfers
Cons
- Transfers money only to bank accounts
- Website access only in English
Frontierpay
This Currency Online alternative began operations as the FX Firm, in 2009. Access to the global Frontierpay website comes only in English. All registered users get access to personal dealers. The company provides services to individuals and businesses. It was recently acquired by Ebury Partners.
Pros
- Serves individuals and businesses
- Get access to a personal manager after signing up
- Personal transfers are fee-free
- Choose from spot transfers, market orders, and forward contracts
- Initiate transfers online or over the phone
- Get local phone support in the UK and Singapore
Cons
- No agent locations
- Website access limit to English
- Only office outside of the UK is in Singapore
- Minimum transfer amount of £500 or its equivalent in another currency
TorFX
This UK-based alternative to Currency Online also has an office in Australia. The company began operations in 2004, and its website for the Australian market went live in 2013. You can use both TorFX websites in English only. You can register as an individual or a business.
Pros
- Sign up as an individual or a business
- Fee-free personal transfers
- Business clients get to choose from spot transfers, limit orders, stop loss orders, and forward contracts
- Scheduling transfers is simple
- Travel money solutions provided in the UK
Cons
- No cash pickup centers
- Physical presence limits to the UK and Australia
- No multilingual website
Azimo
This Currency Online competitor has been around since 2012. Headquartered in the UK, Azimo lets you use its website in English, French, Italian, Spanish, Portuguese, German, Romanian, Polish, and Russian. You can register with Azimo as an individual or a business. The company accepts credit card payments.
Pros
- Serves individuals and businesses
- Send money to bank accounts or agent locations
- Top off mobile airtime and mobile wallets in some countries
- Provides home delivery of cash in some regions
- Multiple payment methods on offer
- Multilingual website and email support
Cons
- Physical presence limits to the UK and Poland
- You may open an account only as a resident of a European nation
- You may pay only in a European currency
- Transfer fees may vary depending on the currencies involved, the transfer amount, and the transfer method
- Does not provide scheduled transfers, limit orders, or forward contracts
The Big Banks
Most banks do not serve as effective alternatives to Currency Online for simple reasons. They tend to offer less-than-favorable exchange rates, they charge steep fees, and their processing times are not the best. If you wish to review the competition before your next transfer, leave banks out of the picture to save some time.
Learn More
- Get your first 2 transfer FREE with OFX.com.
- How can CurrencyFair help my business save money?
- Should one consider TransferWise or are there better alternatives?
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