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Home » Money Transfer Comparison » Travelex Competitors and Alternatives | Compared

Travelex Competitors and Alternatives | Compared

February 15, 2019 by iCompareFX Leave a Comment

Travelex Competitor Comparison Table

Transparent spacing image size 100x150
  •    User Rating 
    TrustPilot or Feefo User Ratings
  •    Transfer Type
  •    Coupon

  •    Fee
  •    Speed
  •    Regular Payments
  •    Mobile App
  •    Min Transfer Amount

WorldFirst

World First Currency Transfer Logo 2018 150x100
  • 9.2/10
  • Online
    Phone
    One off transfers Regular transfers Forward contracts Currency options
  • NO FEES
  • Visit Website
  • NO FEES
    .
  • 1 - 3 Days
  • Their website is responsive so it auto-scales to your screen size.
  • £1000 / $1000 / €1000 / AUD$2000
Visit Website

OFX

OFX Orange logo text small 100x150
  • 9.1/10
  • Online
    Phone
    One off transfers Regular transfers
  • Two Transfers Fee Free
    First 2 Transactions Free
  • Redeem Coupon
  • USD$0
    £0
    CAD$15
    AUD$15
    €10
  • 1 - 3 Days
  • Their website is also responsive so it auto-scales to your screen size.
  • $250 / £100 / €250
Visit Website

TransferWise

TransferWise logo size 100x150
  • 9.3/10
  • Online Only
    One off transfers Regular transfers
  • First £3,000 Fee Free!
    First TransferWise transfer is free up to £3,000 or other currency equivalent. E.g. USD$4,500, AUD$6,000, €4,000.
  • Redeem Coupon
  • ~0.5%
    Min and Max Fees apply.. Learn More
  • 1 - 2 Days
  • £1 / $1
    Min and Max Fees apply.. Learn More
Visit Website

WorldRemit

WR-Logo-100x150px3Optimised
  • 9.4/10
  • Online Only
    One off transfers Phone assistance available
  • First 3 Transfers Fee Free.
    Your first overseas transfer Fee Free! Learn more
  • Redeem Coupon
  • $3 - 4
    For example. Sending €10,000
    from Australia would incur
    €50 fee + 4-5% exchange
    rate fee on top of market rates.
  • 1 - 3 Days
  • Regular payments to PayPal registered merchants is possible.
    Regular payments to family or friends PayPal accounts is not currently possible.
  • Their website is responsive so it auto-scales to your screen size.
  • €/£/$1
Visit Website

Are You Looking for a Better Company than Travelex to Send Money Overseas?

Compare Travelex with other best online money transfer companiesIf you are looking for information about one or more Travelex competitors, you’ve come to the right place. While turning to this UK based international money transfer company is cheaper than using banks, it has a number of worthwhile competitors vying for your attention.

The way global fund transfers work is such that no particular business can claim to be the best at every moment. Given that exchange rates change continuously, while one company may offer the best rates today, that might not be the case tomorrow. Ideally, you should register with multiple global money transfer companies. That way, you can check which one offers the best rate before each transfer.

The best alternative to Travelex depends on different factors such as the country you reside in, the amount you wish to send, and the transfer method you choose.

To use the table below, follow these simple steps:

  1. Select a tab according to the region of your residence.
  2. Read over the transfer methods that Travelex competitors offer.
  3. Compare Travelex and its competition across parameters such as fees, speed, and minimum transfer amounts.
  4. Pick a Travelex alternative according to your needs.

Save time and money!

CurrencyFair

CurrencyFair - Competitor of Travelex money exchange Services WorldwideCurrencyFair is an international money transfer company headquartered in Ireland, with offices in the UK and Australia. Established in 2009, the CurrencyFair website went live in 2010. What differentiates this Travelex competitor from the rest is the fact that it lets you bid for preferred currency rates through the CurrencyFair MarketPlace. This way, you can get lower than prevalent market rates.

This money transfers company rates as a good Travelex alternative in most parts of the world, aside from the US. Residents of the US cannot use this business to send money overseas. If you live in the US and wish to register with CurrencyFair, read this page first.

Pros

  • Accepts individual and business clients
  • Can get better than market rates through the CurrencyFair MarketPlace
  • Transfer any amount over €8
  • Allows scheduling of transfers
  • Headquartered in Ireland – offices also in the UK and Australia
  • Use its website in English, French, and Polish

Cons

  • Carries out transfers only to bank accounts
  • Pay 0.35% of the transfer amount plus a fixed fee of €3
  • Does not offer forward contracts and limit orders
  • Predominantly online, not much in the form of phone support
  • Cannot register as a customer from the U.S.

TransferWise

Transferwise - Competitor of Travelex money exchange Services WorldwideTransferWise began operations in 2011. This peer-to-peer international money transfer company has its headquarters in the UK, with offices in Estonia and the US. As with most prominent Travelex competitors, it lets you make payments using bank transfers and debit cards. However, unlike many overseas money transfer companies, it also allows payments through credit cards. To find out more about this service provider, read the entire TransferWise review.

Pros

  • Provides services to individuals and businesses
  • Simplify signing up using your PayPal, Google, or Facebook account
  • Use the “send” and “receive” money options to transfer funds with no more than email addresses
  • Transfer as little as you wantPay for your transfer using country-specific methods such as debit cards, credit cards, bank transfers, direct debits, SOFORT, and POLI
  • Businesses can open TransferWise Borderless accounts to save in fees when trading in more than 15 currencies
  • Headquartered in the UK – offices also in the U.S., Estonia, Hungary, Ukraine, Singapore, Japan, and Australia
  • Use its website in English, Spanish, French, Portuguese, Italian, or Dutch

Cons

  • Carries out only bank account transfers
  • Transfer fee depends on the destination country, the amount transferred, and the payment method
  • Does not offer forward contracts or limit orders
  • Cannot schedule transfers
  • Peer-to-peer transfer facility not available in all countries

 

OFX (Previously OzForex)

OFX - Competitor of Travelex money exchange Services WorldwidePreviously known as OzForex, this alternative to Travelex has been in business since 1998, when it began operations as an information only website. Now, it has over 200 employees that serve customers through its offices in Australia, New Zealand, the UK, US, Canada, and Hong Kong. UKForex, USForex, NZForex and CanadianForex are all part of the OFX Group. Within the countries it operates from, this Travelex competitor deserves your attention, continue reading about OFX / OzForex.

Pros

  • Serves individuals, businesses, and online sellers
  • Aims to match or beat its competitors’ rates
  • Fee-free threshold limits enable free transfers
  • Lets you schedule transfers easily
  • Provides spot orders, forward contracts, and market orders
  • Initiate your transfer online or over the phone
  • Headquartered in Australia – offices also in New Zealand, the U.S., the UK, and Hong Kong
  • Provides local phone assistance in some countries

Cons

  • Only bank account transfers
  • No multilingual website
  • Can trade in a few currencies only over the phone

XE

XE - Competitor of Travelex money exchange Services WorldwideXE (Formerly HiFX) began operations in 1998, as Halewood International Foreign Exchange Limited. Soon, it developed into one of the leading non-bank foreign exchange companies in the UK. It provides international money transfer services to individuals and businesses alike. This money transfer company can be better than Travelex if you’re emigrating or purchasing property overseas. You can make payments of up to £75,000 using debit and credit cards. If you are transferring more than £10,000 (or its equivalent in another currency), a XE broker can help you get the best available exchange rate. Get more insights from XE Review.

Pros

  • Accepts individual and business clients
  • No fee if transfer amount is more than preset threshold limits
  • Transferring large sums can get you better than usual rates
  • Schedule transfers easily
  • Provides spot orders and forward contracts
  • Headquartered in the UK – offices also in Spain, Australia, and New Zealand
  • Dedicated websites for residents of the U.S., the UK, Australia, and New Zealand

Cons

  • Carries out only bank account transfers
  • No multilingual website
  • Absence of apps for mobile devices

World First

WorldFirst - Competitor of Travelex money exchange Services WorldwideWorld First has been in business since 2004, when it began operations out of a South London basement. Within a decade, this Travelex alternative opened offices the US, Australia, Hong Kong, and Singapore. Depending upon the country of your residence, you can use its services as an individual, business, or online retailer, continue reading World First Review to learn more.

Pros

  • Serves individuals, businesses, and online sellers
  • Transfer over fee-free threshold limits and pay no fees
  • Scheduling transfers is simple
  • Offers spot orders and forward contracts
  • Creates distinct offers for personal and business customers
  • The “World Account” gives you a cost effective way to receive and pay bills in various currencies
  • Headquartered in the UK – offices also in the U.S., the Netherlands, Hong Kong, Singapore, and Japan
  • Use its website in English, French, Dutch, Japanese, or Chinese
  • Provides local phone assistance in some countries

Cons

  • Only bank account transfers
  • Sending limits vary according to your country of residence and the mode of payment
  • Residents of the U.S. states of Nevada and Alabama cannot sign up

TorFX

TorFx - Competitor of Travelex money exchange Services WorldwideHeadquartered in the UK, TorFX began offering international money transfer services in 2004. Currencies Direct acquired this alternative to Travelex in 2011. Now, it has offices in the UK, Europe, US, Australia, and South Africa, with more than 300 employees. You can use its services as an individual or a business. Additional info on TorFX.

Pros

  • Serves individuals and businesses
  • Tries to beat rates offered by its competitors
  • Personal transfers attract no fees
  • Allows scheduling of transfers
  • Provides spot orders, forward contracts, limit orders, and stop loss orders
  • Residents of the UK can benefit through its travel money solutions

Cons

  • Only bank account transfers
  • Headquartered in the UK – international presence limits to Australia
  • Website access only in English

Currencies Direct

Currencies Direct - Competitor of Travelex money exchange Services WorldwideThis UK based FCA registered Travelex competitor began operations in 1996. It has offices in the UK, US, France, Spain, Portugal, South Africa, and India. It also operates out of Scandinavia, Ireland, and Malta. You can utilize this money transfer company as an individual, a business, or an online seller, keep reading about Currencies Direct.

Pros

  • Serves individuals, businesses, and online sellers
  • Access to an account manager upon signing up
  • Schedule transfers with ease
  • Provides spot orders, forward contracts, and limit orders
  • Headquartered in the UK – offices also in the U.S., France, Spain, Portugal, South Africa, India, and China
  • Use its website in English, Spanish, French, Portuguese, Italian, Swedish, Norwegian, or Chinese
  • Residents of the UK can benefit through its travel money solutions

Cons

  • Only bank account transfers
  • Does not accept customers from all states in the U.S.

FrontierPay

FrontierPay - Competitor of Travelex money exchange Services WorldwideThe FX Firm FrontierPay is a UK-based business that specializes in international fund transfers. As soon as you open an account, you have immediate access to a dedicated personal dealer. You can contact your dealer at any time to get the latest exchange rates available. Find out more about FrontierPay.

Pros

  • Provides services to individuals and businesses
  • Access to a personal manager after you sign up
  • Personal transfers attract no fees
  • Lets businesses choose from spot orders, fixed forward contracts, option dated forward contracts, multi forward contracts, and market orders
  • Initiate your transfer online or over the phone

Cons

  • Only bank account transfers
  • Cannot transfer less than £500
  • Headquartered in the UK – no international offices
  • No multilingual website
  • Only a UK-based number for assistance over the phone

Azimo

Azimo - Competitor of Travelex money exchange Services WorldwideAzimo, a relatively new kid on the block, entered the international fund transfer market in 2012. The company has its headquarters in London, and an office in Krakow. If you live in Europe, using the services of this Travelex competitor might work well for you. You can access the Azimo website in English, French, Spanish, German, Italian, Russian, Polish, Turkish, and Romanian. This company is among the few prominent ones that accepts payments via credit cards. Find out more from Azimo review.

Pros

  • Different country-dependant transfer methods
  • Transfer to bank accounts or cash pick up locations
  • Top up mobile wallets or airtime
  • Home delivery of transferred funds available in some countries
  • Use its website in English, Spanish, French, Portuguese, Italian, Dutch, Romanian, Russian, Polish, or Turkish
  • Email support in various languages

Cons

  • Accepts only individual customers
  • Can sign up only as a resident of a European country
  • Need to pay in a European currency
  • Does not let you schedule transfers
  • No forward contracts or limit orders
  • Transfer fee depends on currencies involved, amount you wish to transfer, and the desired transfer method
  • Headquartered in the UK – international presence limits to Poland

FC Exchange

FC Exchange - Competitor of Travelex money exchange Services WorldwideFC Exchange, a UK-based alternative to Travelex, began operations in 2005. It has offices in the UK as well as in Cyprus and South Africa. You can register with the UK-based FC Exchange website as an individual, a business, or an online seller. The country you register from has a bearing on the transfer methods made available to you. FC Exchange operates a dedicated website for online sellers in China. You can access this website in Chinese.

Pros

  • Provides services to individuals and businesses
  • Serves online sellers from China
  • Access to a dedicated currency broker after signing up
  • Lets you schedule transfers
  • Provides forward contracts and market orders
  • Headquartered in the UK – offices also in South Africa and Cyprus
  • Initiate your transfer online or over the phone
  • In some circumstances, you can issue transfer instructions via email or fax

Cons

  • Only bank account transfers
  • No multilingual website
  • Transfer fees vary according to the destination country and method of payment

WorldRemit

WorldRemit - Competitor of Travelex money exchange Services WorldwideThis UK-based alternative to Travelex began offering international fund transfer services in 2010. The company provides its services to residents of as many as 50 countries. Access to its website comes in English, French, and Spanish. Other than its headquarters in the UK, WorldRemit also has offices in the U.S., Canada, Japan, Australia, and New Zealand. Read the WorldRemit review.

Pros

  • Different country-specific transfer methods
  • Transfer to bank accounts or cash pick up locations
  • Top up mobile wallets or airtime
  • Minimum transfer limit is £1
  • Headquartered in the UK – offices also in the U.S., Canada, Australia, and New Zealand
  • Use its website in English, Spanish, or French

Cons

  • Accepts only individual customers
  • Transfer fee varies according to the currencies involved, the amount being transferred, and the transfer method
  • Where you live and the chosen transfer method affect transfer limits
  • Does not allow scheduling of transfers
  • No forward contracts and limit orders

The Big Banks

When it comes to sending money overseas, big banks are becoming increasingly notorious for the astronomical fees they charge. If you deal with businesses that specialize in currency exchange and global fund transfers, you will benefit through better exchange rates. Besides, transfers through Travelex and its competitors are typically faster in comparison to banks. If you wish to save time and money, using the services of Travelex or its competitors is the ideal way to go.

Go to top

Learn More

  • Does TransferWise live up to their hype?
  • Who is OFX.com and would you transfer money with them?
  • Who is similar to OFX.com?
  • Is there anyone better than TransferWise?
  • Is CurrencyFair similar to TransferWise?
  • Is CurrencyFair’s competition up to the task?

Travelex Competitors Updates

  • 4th September 2016: Added missing provider summaries for FC Exchange and Azimo.
  • 15th October 2016: FC Exchange and WorldRemit included in list of alternatives to Travelex.
  • 1st November 2016: New CurrencyFair website logo updated in the post and added WorldRemit to the list competitors.
  • 12th December 2016: OFX USA is the new name for USForex.com
  • 15th January 2017: The FX Firm name changed to FrontierPay.
  • 21st February 2017: OFX UK is the new name for ukforex.co.uk
  • 3rd June 2017: To improve user experience, Pro’s and Con’s for each provider were added.
  • 3rd July 2017: World First new logo updated.
  • 16th September 2017: Updated the new logo for Azimo.
  • 6th January 2018: Updated new logo for World First, removal of fees and CurrencyFair’s fee free transfer change.
  • 2nd October 2018: WorldRemit logo is updated.
  • 4th December 2018: Updates on HiFX to XE rebrand.
  • 15th February 2019: TorFX UK now has app for Android.
Show more
Show less

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