Select up to 4 software tools to compare side by side — pricing, features, pros and cons. Find the best fit for your needs with detailed side-by-side comparisons.
Verdict
The best international money transfer service depends on your transfer needs. Wise is best for bank-to-bank transfers with transparent mid-market exchange rates and a multi-currency account — ideal if you send money regularly and want the real exchange rate with low, transparent fees. Remitly is best for cash pickup and mobile wallet transfers, especially to emerging markets, with promotional rates for first-time users. WorldRemit excels at mobile money transfers to Africa and Asia, including airtime top-ups and M-Pesa transfers. XE is best for large transfers (up to $500K) with forward contracts and no transfer fee — though exchange rate spreads apply.
Select tools:
Feature
Wise
TorFX
Starting Price
Free
Free
Personal (Free account)
Free
Free
Wise Business
Free
Free
Best For
Freelancers, Small Biz
Freelancers, Small Biz
Regions
global — 160+ countries, 40+ currencies, local account details in 9 currencies
GB, AU, EU, CA, NZ, ZA
Platforms
Web, Ios, Android
Web, Ios, Android
Key Features
•Mid-market exchange rate with no markup — the same rate you see on Google, always
•Transparent fees shown upfront before confirming any transfer
•Multi-currency account — hold 40+ currencies simultaneously with local account details (IBAN, sort code, routing number) in 9 currencies
•Wise debit card — spend in 150+ countries at mid-market rate
•No fixed transfer fees — exchange rate margin is the only cost, making TorFX cheaper than banks for any transfer size
•Exchange rate margin of 0.4%–1.5% above mid-market, improving significantly with transfer size
•Minimum transfer of £100 or equivalent — accessible for regular personal and business transfers
•Dedicated account manager for personalized service, rate negotiation, and transfer guidance
Pros
+Most transparent pricing in the category — fees shown upfront, no hidden markup on exchange rate, always uses mid-market rate
+Best for cost-conscious senders — mid-market rate consistently delivers more to recipients vs competitors who markup the rate
+Multi-currency account is genuinely useful — hold 40+ currencies, receive payments like a local in 9 currencies with own IBAN/account number
+No fixed transfer fees — significantly cheaper than banks and many competitors for any transfer size
+Dedicated account manager provides personalized service, especially valuable for regular large transfers of £5,000+
+Exchange rate improves with transfer size — best rates for larger transfers where the margin narrows
Cons
−No cash pickup option — bank account or mobile wallet only; not suitable if recipient needs physical cash
−Fee varies by corridor and payment method — while transparent, the fee percentage is not always the lowest for every route
−Identity verification required — KYC process can take time for new users
−Not available in the US — OFX serves as the equivalent brand for American customers
−Exchange rate margin is not fully transparent online — rate is quoted per transaction rather than published
−No mobile wallet or cash pickup options — bank-to-bank transfers only