Transfast Alternatives and Competitors

September 7, 2020

Transfast is a U.S.-based overseas money transfer company with offices also in the UK, Mexico, India, Philippines and the United Arab Emirates. Its network of over 200,000 payment points is spread across more than 120 countries and territories in the Americas, Europe, Africa, Asia, and Australia. This company began operations in 1988.

There is no single Transfast competitor that serves the needs of everyone equally because requirements tend to vary from one person to the next.

Low Transparent fee structure
Forward contracts
Scheduled transfers
Dedicated account manager
Live chat support

low

Fees

fast

1-2 days

Go to Site

Fee-free transfer limit
Forward contracts
Stop loss orders
Limit orders

low

Fees

medium

2-3 days

Go to Site

Forward contracts and limit orders
Scheduled transfers
Travel money solutions for residents of the UK
Multilingual website

low

Fees

medium

2-3 days

Go to Site

0.4% margin for new customers referred by iCompareFX
Fee-free transfers
Scheduled transfers
Online and phone transfers

low

Fees

medium

2-3 days

Go to Site

Jump to an alternative provider

WorldFirst

Jump to

Global Reach Group

Jump to

Currencies Direct

Jump to

OFX

Jump to

WorldFirst

UK-based WorldFirst also has offices in Hong Kong, Japan, the Netherlands and Singapore. It provides services to individuals, businesses, and online sellers. This Transfast alternative has been around since 2004. You can access different World First websites depending on where you live with offerings in English and other local languages.

Offices in Hong Kong, Japan, the Netherlands, Singapore and the UK

Operates dedicated websites for Australia, France, Hong Kong, Japan, the Netherlands, Singapore and the UK

Website access in different languages

Uses existing interbank rates while adding a transparent margin

Allows scheduling of transfers

Provides spot transfers and forward contracts

Get bank account details in different currencies through the World account – use these to avoid currency conversion fees when reconciling cross-border payments

Xero-World Account integration is easy

Transfer funds online or over the phone

Only bank account transfers

WorldFirst does not let you send money from the U.S.

Minimum transfer limits apply depending on where you live

Global Reach Group

UK-based, Global Reach Group also has offices in Cyprus, the Netherlands and South Africa. It provides services for individuals and businesses. This Transfast competitor has been around since 2002. Access to its website comes only in English.

Offices in the UK, Cyprus, the Netherlands and South Africa

Serves individuals and businesses

Gives all customers access to currency specialists

Schedule transfers easily

Provides spot transfers, forward contracts, limit orders and stop loss orders

Only bank account transfers

Website not multilingual

Currencies Direct

Headquartered in the UK, Currencies Direct also has offices in France, India, Portugal, South Africa, Spain and the U.S. You may register with this alternative to Transfast as an individual, a business or an online seller. It began operations in 1996. Access to the Currencies Direct website comes in different languages.

Offices in France, India, Portugal, South Africa, Spain, the UK and the U.S.

Multilingual website

Accepts customers from most countries

Provides travel money solutions for residents of the UK

Schedule transfers according to your needs

Choose from spot transfers, forward contracts and market orders

Only bank account transfers

Services not available in all states in the U.S.

OFX

OFX has its headquarters in Australia and offices also in Canada, Hong Kong, New Zealand, the UK and the U.S. This Transfast alternative serves individuals, businesses, and online sellers. It has been around since 1998, when it began operations as an information-only website. It does not operate a multilingual website.

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

Dedicated websites for Australia, Canada, the UK and the U.S.

Get local phone support from some countries

Fee-free limits for personal transfers

Schedule transfers easily

Choose from spot transfers, forward contracts and market orders

Transfer funds online or over the phone

Only bank account transfers

No multilingual website

Trading in some currencies is possible only over the phone