WorldRemit Alternatives and Competitors

September 7, 2020

WorldRemit gives you a dependable way to transfer funds from one country to another, but so do several of its competitors. When compared to the big banks, most specialist money transfer companies offer more cost-effective services.

In choosing the right WorldRemit alternative, it is important you pay attention to your individuals needs. While a money transfer company might well work for one person, your requirement could be entirely different.

Given the volatility that currency exchange rates are subject to, companies that offer the best rates keep changing. If you plan to transfer funds periodically, comparing the rates of multiple WorldRemit competitors can save you money.

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

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

low

Fees

medium

2-3 days

Go to Site

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

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

Jump to an alternative provider

OFX

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XE Money Transfer

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TransferWise

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Currencies Direct

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OFX

OFX is an Australia based money transfer company that began operations in 1998. Until 2015, it operated as OzForex. With close to two decades of experience, this WorldRemit alternative has transferred over $100 billion in different currencies.

Other than Australia, the company has offices in the UK, the U.S., Canada, Hong Kong and New Zealand. Get more in-depth information in the iCompareFX OFX review.

Provides services to individuals, businesses and online sellers

Tries to offer similar or better rates than its competitors

Headquarters in Australia – offices also in the UK, the U.S., New Zealand and Hong Kong

Local phone assistance provided in different countries

Schedule transfers easily

Choose from market orders and forward contracts

With the OFX Global Currency Account, you get access to bank accounts in USD, CAD, EUR, GBP, HKD and AUD

Transfer funds online or over the phone

Website available only in English

Transfers only to bank accounts

Not all currencies can be traded online – some need to be traded over the phone

XE Money Transfer

XE began operations in 1993. Based out of Canada, this company also has offices in the UK and the U.S. It provides dedicated websites for residents of Canada, the UK, the U.S., Australia and New Zealand. If you use this company to send money as an individual, you pay no transfer fees. Website access comes in multiple languages. Check the XE Money Transfer review to read more.

Headquarters in Canada – offices also in the UK and the U.S.

Residents of Canada, the UK, the U.S., Australia and New Zealand get access to dedicated websites

Personal transfers are fee-free

Offers spot transfers and limit orders

Get customer service and website access in different languages

Only bank account transfers

No scheduled transfers

TransferWise

Launched in 2011, TransferWise is a peer to peer provider of international money transfers. It was setup by Skype’s first employee and has the backing of major investors such as Richard Branson. TransferWise is growing fast, offering a simple and fast solution to transferring money globally online. They not only allow local bank settlement, but also allow the use of Debit or Credit Cards to transfer money. This is unique amongst TransferWise competition. Read the iCompareFX TransferWise review here.

Provides services to individuals and businesses

Lets you register using your Facebook or Google account

Country-specific payment methods can include debit and credit cards, direct debits, bank transfers, POLI and SOFORT

No minimum transfer amount

Offices in the UK, the U.S., Estonia, Hungary, Singapore, Japan and Australia

Multilingual website

The TransferWise Borderless service enables businesses to save in fees when trading in over 15 currencies

Use the “send” and “receive” money options to transfer funds between email addresses

Transfer fees depend on the destination country, amount being transferred and method of payment

Paying using a credit card typically attracts higher fees

Does not provide forward contracts or market orders

Can not schedule transfers

No cash pick up centers

Currencies Direct

This WorldRemit alternative has been around since 1996. Based out of the UK, this money transfer company also has offices in the U.S, mainland Europe, South Africa and India. It operates dedicated websites for residents of different countries, which include the UK, the U.S., Spain, Italy, France, Sweden, Portugal, South Africa and China. Depending on which website you log on to, you might be able to use it in a local language. Read this Currencies Direct review for more information.

Headquarters in the UK – offices also in the U.S., France, Portugal, Spain, South Africa, China and India

Website available in English, French, Spanish, Portuguese, Swedish, Italian, Norwegian and Chinese

Gives all customers access to account managers

Scheduling transfers is straightforward

Provides limit orders and forward contracts

Offers travel money solutions in the UK

Transfers only to bank accounts

Does not accept customers from all American states

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