If you are looking for a Western Union competitor that can send money internationally for cash pickup WorldRemit is the cheapest alternative. WorldRemit can also pay bills in foreign countries and send money to their WorldRemit Wallet. Receivers can use the WorldRemit Wallet to pay for goods and services in their country where supported. That's a pretty cool feature.
Their website is available in English, French or Spanish. This company has been around since 2010. It has its headquarters in the UK, with offices also in North America and Australasia. You can pay for your transfer through this company using local bank transfer, debit or credit card. Local bank transfers have the cheapest fees. Using a debit or credit card will cost you more. If you want to learn much more you should read the detailed WorldRemit review.
Until 2015, OFX operated as OzForex. This Australia-based money transfer company began operations in 1998. This Western Union competitor also has offices in New Zealand, the UK, the U.S., Canada and Hong Kong.
OFX can be the cheapest to send large sums between $10,000 and $750,000 with a low 0.4% margin for customers who mention iCompareFX on registration. OFX business customers have access to a multi-currency receiving accounts. This allows you act like a local and have local banking details in USD, EUR, GBP, CAD, AUD and HKD currencies.
Read the detailed OFX review.
WorldFirst is another Western Union competitor that is suitable for local bank to international bank transfers. WorldFirst also offers local banking details for multi-currency receiving accounts through their WorldFirst World Account. GBP, EUR, USD, CAD, NZD, SGD, AUD, HKD, JPY and CNH local receiving banking details are supported. All held within the World Account digital wallet.
WorldFirst is best for large cumulative transfer amounts over the year. Their fees are significantly reduced the more you send, making it the cheapest form of sending and receiving money internationally for businesses.
Unfortunately, WorldFirst does not allow you to send money overseas for cash pickup. WorldFirst is also, no longer available to USA residents due to its buyout by Ant Financial. Read the complete WorldFirst review.
Developed in Estonia, this Western Union competitor has its headquarters in the UK. TransferWise also has offices in Estonia and the U.S. While this specialist money transfer company offers a single website, you can access it in multiple languages. These include English, French, Italian, Spanish, Dutch and Portuguese. This is another company that accepts payments via credit cards. Start reading the complete TransferWise review.