Rewire Alternatives and Competitors

September 7, 2020

Headquartered in Israel, and with an office in the Netherlands, Rewire aims to bring about a change in how international workers manage their finances. It provides its services across Europe and in Israel. Customers from Europe get a free Euro account along with an IBAN number. A free prepaid Mastercard gives you easy access to money in your account. You may use the company’s services to transfer money to various countries, some of which include the Philippines, India, Nigeria, Sri Lanka, Nepal and Thailand.

While this company provides reliable and cost-effective services, taking a look at what the top Rewire alternatives have to offer might work well for you. For instance, not all give you access to multi currency accounts, and not all let you schedule transfers.

Transparent fee structure
Send money to email addresses
Multicurrency account with debit card
Multilingual website & app

low

Fees

fast

1-2 days

Go to Site

Transparent fees
Recurring transfers
Rate Alerts
Low minimum transfer limit

low

Fees

medium

2-3 days

Go to Site

Bank account transfers and cash transfers
Mobile airtime and mobile wallets top up
Home delivery of transferred funds
Multicurrency WorldRemit Wallet
Multilingual website

medium

Fees

fast

1-2 days

Go to Site

Fee-free transfers
Competitive exchanges rates
Limit orders
Multilingual website and customer service

low

Fees

medium

2-3 days

Go to Site

Jump to an alternative provider

TransferWise

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CurrencyFair

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WorldRemit

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XE Money Transfer

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TransferWise

TransferWise is headquartered in the UK, and also has offices in Estonia, Hungary, Ukraine, the U.S., Singapore and Hong Kong. It serves individuals, businesses, and online sellers. By signing up for the TransferWise Borderless Account, you get access to bank account details from different countries. This alternative to Rewire operates region-specific websites, which you may use in different languages.

Offices in the UK, Estonia, Hungary, Ukraine, the U.S., Singapore and Hong Kong

Access to region-specific websites in different languages

Get free bank account details in EUR, GBP, USD, AUD, and NZD through the Borderless Account

Use the Borderless Account to hold funds and transact in over 40 currencies

Provides a prepaid Mastercard

Accepts credit card payments from some regions

Does not support all currency corridors through its peer-to-peer (P2P) network

Does not provide hedging tools or scheduled transfers

The currencies being traded, the mode of payment, and the transfer method affect transfer fees

No cash transfers

CurrencyFair

Headquartered in Ireland, CurrencyFair also has offices in the UK and Australia. This Rewire alternative provides services for individuals and businesses. The company’s P2P Exchange platform gives you the ability to set your own rate. It operates a multilingual website.

Offices in Ireland, the UK and Australia

Get preferred rates when you use the Exchange platform

Make express deposits when paying in European currencies

Minimum transfer amount of €8

Provides scheduled transfers

No hedging tools

Does not serve all states in the U.S.

Transfer fees include €3 plus an average of 0.4% of the transfer amount

No cash transfers

WorldRemit

WorldRemit has its headquarters in the UK, with offices also in Australia, New Zealand, the U.S., Canada, and Japan. This company serves individuals and businesses. This alternative to Rewire lets you send money to agent locations. You may use the WorldRemit website in different languages.

Serves individuals and businesses

Offices in the UK, Australia, New Zealand, the U.S., Canada and Japan

Send money to agent locations or bank accounts

Allows topping off mobile wallets and mobile airtime in some regions

Transfer any amount over £1

Pay using credit cards

Get website access in different languages

Does not provide hedging tools or scheduled transfers

Transfer fees vary depending on the currencies involved as well as desired payment and transfer methods

XE Money Transfer

This Canada-based Rewire competitor also has a physical presence in the UK. You may sign up with XE Money Transfer as an individual or a business, from most countries around the world. Personal transfers come with no fees. XE operates a multilingual website.

Serves individuals and businesses

Pay no fees for personal transfers

Provide hedging tools

Provides website access and customer support in different languages

Offices only in Canada and the UK

No scheduled transfers

No cash transfers