CurrencyFair is a top class provider of overseas money transfers and currency exchange. There are CurrencyFair competitors in all of the major markets. Competition in this space is great for the customer! CurrencyFair and its alternatives specialise in:
- Reducing the international money transfer fees
- Increasing the speed of global money transfers
- Beating the big banks’ exchange rates
Competition in the global remittance space is heating up with the established providers. Follow these steps to find suitable alternatives to CurrencyFair:
- Select the provider of your choice or browse the competition to learn more.
- Join your chosen provider and start saving money on your international money transfers.
CurrencyFair Competitor Comparison Table
- User Rating
- Transfer Type
- Regular Payments
- Mobile App
- Min Transfer Amount
- Real Exchange Rate Used
0.15% - 0.5%
- 1 - 3 Days
- £1000 / €1000 / AUD$2000
OFX began operations in 1998 and operated as OzForex until 2015. Headquartered in Australia, this CurrencyFair competitor also has offices in the U.S., Canada, the UK, Hong Kong, and New Zealand. The company provides services to individuals, businesses, and online sellers. It operated dedicated websites for residents of the U.S., the UK, and Australia. They have now merged with the global OFX website. The minimum you can transfer using the services of this company is AUD $250, £100, or USD $150, depending on the website you use. Learn more about OFX services and features in the OFX review.
- Provides services to individuals, businesses, and online sellers
- Fee-free transfer limits
- Easy to schedule transfers
- Offers spot transfers, market orders, and forward contracts
- Accepts trading instructions online and over the phone
- Works in matching or beating rates that its competitors offer
- Offices in the U.S., the UK, Hong Kong, Australia, and New Zealand
- Local phone support available in many countries
- Trading in some currencies possible only over the phone
- Website available only in English
- Transfers funds only to bank accounts
Currencies Direct, a UK-based money transfer company, began operations in 1996. It is one of the oldest companies in this field, also making it amongst the most experienced. It now has offices around the world, in Europe, North America, Africa and Asia. It has dedicated websites for people who live in the UK, US, France, Portugal, Italy, Sweden, Spain, Norway and China. Depending on the website you log on to, you may be able to use it in a local language. Read more in this review of Currencies Direct.
- Sign up as an individual, a business, or an online seller
- Website access in multiple languages
- Offices in the U.S., the UK, Spain, France, Portugal, China, South Africa, and India
- Schedule transfers easily
- Provides spot transfers, forward contracts, and limit orders
- Offers travel money solutions in the UK
- Access to an account manager over the phone
- Local phone support in different countries
- Does not provide services in all American states
- Only transfers to bank accounts
Launched in 2011, TransferWise is a peer-to-peer provider of international money transfers. It was setup by Skype’s first employee and has the backing of major investors such as Richard Branson. TransferWise is growing fast, offering a simple and fast solution to transferring money globally online. It does not only allow local bank settlement, but allows the use of Debit or Credit Cards to transfer money to TransferWise. This is unique amongst the TransferWise competition listed here. Read the iCompareFX TransferWise review here.
- Offers services to individuals and businesses
- No minimum transfer limit
- Simplify signing up by using your Facebook or PayPal account
- Make payment in different ways such as bank transfers, debit cards, and credit cards
- Hold over 15 currencies using the Borderless Account
- Use the website in different languages
- Does not provide peer-to-peer transfers for all countries
- Transfer fees depend on the transfer amount, destination country, and payment method
- Scheduled transfers, forward contracts, and limit orders are unavailable
- Credit card payments attract higher-than-usual fees
- Transfers funds only to bank accounts
In 1998, HiFX began operations as Halewood International Foreign Exchange Limited. It has now merged with XE, a company that has been around since 1993. XE has offices in Canada, the U.S., and the UK. This Currencies Direct competitor provides dedicated websites for its customers in the UK, Australia, New Zealand, the U.S., and Canada. Using the services of this money transfer company works well if you want to buy property in another country or are relocating overseas. Read the complete XE review here.
- Provides services to individuals and businesses
- Dedicated websites for the UK, the U.S., Canada, Australia, and New Zealand
- Fee-free personal transfers
- Limit orders made available
- Multilingual customer support and website access
- Does not allow scheduling of transfers
- No cash pickup locations
Azimo is a CurrencyFair competitor that is relatively new in the field, having begun operations in 2012. However, it has garnered enough positive attention since its inception. Other than its headquarters in the UK, the company has an office in Poland. The fees it charges depend on factors such as the destination country as well as payment and transfer methods. Get great insights by reading the Azimo review.
- Register as an individual or a business
- Transfer funds to bank accounts or cash pick up centers
- Top up mobile airtime and transfer to mobile wallets
- In some countries, recipients get home delivery of cash
- Transfer any amount over £1 or its equivalent in another currency
- Pay for your transfer using a debit card, a credit card, a bank account transfer, or SOFORT
- Email support and website access available in different languages
- Only residents of European countries can sign up
- Payments accepted only in European currencies
- Headquartered in the UK, and has one other office in Poland
- Does not provide forward contracts or limit orders
- Scheduling transfers is not possible
- Transfer fees depend on currencies involved, the transfer amount, and the transfer method
The Big Banks
Avoid paying large fees on Telegraphic Transfers (TT) with the big banks. Both the source and destination banks will charge you large fees to send and then receive your hard earned money. And the fees don’t stop there. They also hide exorbitant fees in their inflated exchange rates. Don’t get ripped off by the big banks when sending money internationally.
- Read more in the CurrencyFair Review
- Learn how to apply the CurrencyFair Coupon.
- Watch a video on How CurrencyFair Works.
- Learn more about CurrencyFair’s Auto Transaction and Exchange.