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WorldRemit

UK-based WorldRemit is an alternative to Remitly that has been around since 2010. The company has international offices in the U.S., Canada, Japan, Australia and New Zealand. Website access comes in different languages. It lets you send money to cash pickup locations and accepts credit card payments.

Pros

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Headquartered in the UK with offices also in the U.S., Canada, Japan, Australia and New Zealand
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Multilingual website
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Transfer money to cash pickup centers or bank accounts
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Top up mobile airtime and wallets in some countries
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Make payments using your credit card
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Transfer any amount over £1
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Get local phone support in some countries

Cons

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Serves only individuals
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Your country of residence and the desired transfer method may affect sending limits
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Does not let you schedule transfers
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No market orders or forward contracts
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Transfer fees depend on the currencies involved, the transfer method and the mode of payment

OFX Logo

OFX

OFX is an Australia-based Remitly alternative that began operations in 1998, although at that time it served as an information-only website. Now, this company also has offices in the UK, the U.S., Canada, Hong Kong and New Zealand. While OFX operates dedicated websites for different countries, access to them is only in English.

Pros

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Register as an individual, a business or an online seller
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Headquartered in Australia, offices also in the UK, the U.S., Canada, Hong Kong and New Zealand
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Operates dedicated websites for the UK, the U.S., Canada, Australia, New Zealand and Hong Kong
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Personal transfers come with fee-free thresholds
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Accepts transfer instructions online and over the phone
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Allows scheduling of transfers
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Lets you choose from market orders and forward contracts
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Local phone support provided in some countries

Cons

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Website access limited to English
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No cash pickup locations
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Allows trading of some currencies only over the phone

XE Money Transfer Logo

XE Money Transfer

XE.com (formerly HiFX) is a Canada-based Remitly alternative that began operations in 1993. It has international offices in the U.S. and the UK. The company operates dedicated websites for different countries, and website access comes in multiple languages. Personal transfers carried out through XE Money Transfer do not attract any fees.

Pros

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Register as an individual or business
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Headquartered in Canada, offices also in the U.S. and the UK
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Dedicated websites for the UK, the U.S., Canada, Australia and New Zealand
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Fee-free personal transfers
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Provides spot contracts and limit orders
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Get website access and customer support in languages other than English

Cons

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No cash pickup centers
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Does not let you schedule transfers

TransferWise Logo

TransferWise

While the birth of this Azimo alternative took place in Estonia, TransferWise now functions as a UK-based specialist money transfer company. Apart from these two countries, it also has an office in the U.S. This competitor to Azimo began operations in 2011. It handles around £500 million in fund transfers each month. Access to the TransferWise website comes in English, French, Italian, Spanish, Portuguese and Dutch. This is one of the few prominent fund transfer companies that lets customers pay with credit cards. Read the complete TransferWise review to find out more.

Pros

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Provides services to individuals and businesses
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Dedicated websites for Australia, Brazil, Canada, Switzerland, Germany, Spain, France, the UK, Italy, Japan, New Zealand, Singapore and the U.S
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Website access in various languages
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Offices in the U.S., the UK, Australia, Hungary, Estonia, Ukraine, Singapore and Japan
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No minimum transfer limit
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The Borderless account gives businesses a local banking experience in 15 different currencies
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Use the “send” and “receive” money options with no more than an email address
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Sign up using Google or Facebook accounts
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Local phone support offered in different countries

Cons

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Peer-to-peer transfers not supported in all countries
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Transfer amount, currency of payment, destination country and payment method affects the cost of transfer
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Does not offer scheduled transfers, forward contracts or limit orders
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No cash pick up centers

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