Something else to be aware of is that the minimum transfer amount is $1,000, so OFX is not ideal for users wanting to send smaller amounts. Setting up your account with MoneyGram is similar to other services: you simply visit their website to open a free account, providing personal documentation such as a passport or a driving license. This is a more convenient option for some as you don’t need to set up and verify another account through your provider and instead can arrange to wire money directly from your bank account to the recipient. The brand is well-known for using enterprise-grade security to ensure their transfer service keeps for money safe, and for having low rates. The Remittance companies listed below are the most popular global money transfer service providers. It lets you send money either via its vast network of 397,000 cash transfer and payout agent locations, or online, and has a strong reputation for providing a reliable remittance service to people all over the world. Fees, in general, are quite high if you pay using debit/credit card (around $11 when sending $200), but in some instances, such as when you are transferring a larger amount using your bank account, the fee is waived. It has a 24 hours a day, seven days a week customer service and account monitoring guarantee, and it offers both same and next day transfers to many countries. If you’re moving overseas and need to transfer money, you might be at a loss as to how to go about doing that. Today, it’s available in 200 countries and territories across the world. Once this is done, you can start sending and requesting payments through Payoneer using a variety of payment methods including bank transfer and debit card. The transfer fees charged by MoneyGram depend on the payment method, destination, currency and payout method chosen. Select where you are sending to, and enter the recipient’s contact and bank account details, plus the amount you are sending. To ensure you’re getting the best deal you can when sending money abroad online i.e. They also have great exchange rates. The company also takes its payment from several various sources including, but not limited to, the following: Another thing that customers love about WorldRemit is that it offers several different and innovative ways to transfer your money to its recipient. They are a money transfer company focused on bank-to-bank international transfers, but the service they offer is much cheaper than banks with a big focus on zero hidden fees. You can also make a payment directly from your Payoneer account to other people’s bank accounts without them needing to be a Payoneer customer, but this will attract fees and charges. You will normally get the best rates at companies that charge a flat fee across the board. Compare more money transfer services. You can simply scan and upload the documents. These companies facilitate exchanges between one person and another person directly. Money can be sent using direct wire transfers; customers using this method can actually transfer as much as a million dollars. CurrenciesDirect; 6. Cost: Some money transfer providers, such as TransferWise, will offer money transfers at the set mid-market rate, adding on a set fee for their services. However, there is one other great benefit to using MoneyGram. 2.Make your choice among the 20 money transfer providers available to send money to Nigeria and select the best option. OFX pride themselves on trying to take the mystery out of foreign exchange and offering rates that are better than the banks. They are a money transfer company focused on bank-to-bank international transfers, but the service they offer is much cheaper than banks with a big focus on zero hidden fees. Other methods of transferring include debit and credit cards, direct ACH transfers from one’s bank account and even Apple Pay. Fees and exchange rates with Remitly are very dependent on how you’re paying for your transfer, how much you’re sending, and in which currencies. Any taxes and/or fees the sender will be required to pay during every step of the transfer. OFX; 3. With OFX you’ll also benefit from 24/7 customer service and low fees and exchange rate markups. Remitly offers both express and economy transfers. The automated transfer feature is fairly self-explanatory. Even though they only have a 3.5 out of 5 stars rating, which is lower than some of the other companies’ ratings, MoneyGram is one of the most widely used money transfer services throughout the entire country. The best thing about TransferWise is that it offers the mid-market rates (no exchange rate mark-ups), and these rates can be guaranteed for 24-48 hours. You won’t be getting the best exchange rate though and you will certainly be paying more fees than you should be. However, bank transfers may take 1-3 days to be credited to the beneficiary’s account. Most of the services require you to verify your identity in order to prevent fraud. © MoneyTransfers 2021. It boasts of a clientele of over 120,000 online merchants worldwide and markets itself with a focus on providing quick transfers and ability to transact with cryptocurrencies in addition to regular money transfers. XE Money Transfer (Our #1 Recommendation), Australian Securities and Investments Commission, Top 10 Money Transfer Companies in Australia, Top 10 Money Transfer Companies in the UK, The 5 Best Registered Agent Services of 2021, The 5 Best Credit Repair Companies Of 2021, The Top 10 Money Transfer Companies in the UK, Top 10 Money Transfer Services in Australia, International Removals: The Best 20 Overseas Movers In The UK, International Removalists: Top 13 Companies in Australia, International Moving Costs: 10 Costs To Consider, International Moving Quotes: 15 Questions To Ask Your Mover, The Cheapest Way to Send Money Internationally. MoneyGram is a payment transfer service that launched all the way back in 1940, so they have more than 80 years’ experience providing money transfer services across the world. Compare international money transfer services. Skrill is a payment service that is highly popular with online gambling customers and forex traders. The provider also allows you to make phone top-ups in 35 countries, and the wide range of services they offer is one of the reasons they have such a strong reputation in the money transfer industry. They offer an option to do same-day transfers to most of the 170 countries they serve, and they have the ability to transfer currency into any other available currency. There are detailed, step-by-step instructions on how to set up this process on the CurrencyFair website, and if you have trouble with the process, the ChatBot is always there to help, as well. They allow your recipient to physically go to a trusted location with his picture id and the transaction reference and pick up cash money from a WorldRemit employee. You also need to provide the recipient’s name, contact information and bank details. Best Money Transfer Sites: Browse the best Money Transfer businesses reviewed by millions of consumers on Sitejabber. Pros. 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