25 Jul

Ria

Ria

 

URL: https://www.riamoneytransfer.com

 

Description:  

It’s worth noting that Ria are the only provider who seem to have the top-level SSL installed on their website – showing they take security and peace of mind very seriously.

Established in 1987, Ria is one of the most established money transfer companies in the world. Ria focuses on personal money transgers.

 

Free to open an account?  

We can’t see this information on the website, so we’ll update this when we receive the information from Ria.

 

Payment structure:  

This isn’t clear from the website, so we’ll ask the question. We’d like to see some indication from the website.

 

Same Day Payments?

 Credit card payments within about 15 minutes. But bank transfers take 4 days, which seems quite a lot.

 

Minimum Transfer Amount:  

No minimum is listed – but there’s a maximum of $2,999.99 per day. If you need to send more, it requires higher security clearance.

 

Where You Can Transfer To:  

146 different countries.

 

Special Features/Benefits:  

 

Accreditation: 

USA: Office of Foreign Asset Control (OFAC

 

US State-specific license info:

 We’re awaiting this information.

 

Offices In:

Australia, Belgium, Canada, Chile, China, Denmark, El Salvador, France, Germany, India, Ireland, Italy, Mexico, Netherlands, New Zealand, Norway, Puerto Rico, Poland, Senegal, Spain, Sweden, Switzerland, United Kingdom, United States

 

Awards 

We’ll update this once we have the information from Ria.

 

Recent Headlines:  

Ria Money Transfer Recognizes Customers and Migrant Workers on Annual International Day of Family Remittances

Ria Money Transfer Announces New Strategic Partnerships and Expands its Network in India to Serve World’s Largest Diaspora Group

25 Jul

Payoneer

Payoneer

 

URL: https://www.payoneer.com

 

Description:

Payoneer was established in 2005, trades in 200 countries, with 150 currencies, and offers 24/7 support for its customers. They’ve also got offices in 12 countries, the central office being in New York.

Payoneer focus on international B2B transactions.

 

Free to open an account?

 Yes, but we’re awaiting full clarification on this, as it looks like there’s a charge to set up a trading account in a different country. We’ll update when we clarify.

 

Payment structure:

 3% on credit card (all currencies) and 1% on eCheck (US only).

 

Same Day Payments?

 They say that transfers take 1 – 3 business days.

 

Minimum Transfer Amount:

 We can’t find this information on the website, but as it’s a B2B service, we think there would be a minimum.

 

Where You Can Transfer To:

200 countries, 150 currencies – you can probably transfer where you need to.

 

Special Features/Benefits:

Payoneer have a few whitepapers on their site which you can access, and get some advice on international payments.

 

Accreditation:

EUR: FSC

USA: Financial Crimes Enforcement Network (“FinCEN”)

Hong Kong: Hong Kong Customs and Excise Department.

Japan: Kanto Finance Bureau

 

US State-specific license info:

Licensed as a Money Transmitter in 48 US states.
Licensed as escrow agent by California, Arizona and Idaho

 

Offices In:

US, Hong Kong.

 

Awards:

 2017 Red Herring North America: Top 100 Winner (could be anywhere from 1 – 100)

Featured in Inc. Magazine’s Best Workplaces 2017

CNBC Disruptor 50 List 2017

PYMNTS 2017 Innovator Awards, Best Small Business Innovation Category

Owler’s Hot in New York Award 2016

People’s Choice Award for Best Financial Services Company 2016

 

Recent Headlines:

Payoneer Invests in the UK; Unveiling London Office

ShareASale Partners with Payoneer to Power Global Payments

25 Jul

OFX

OFX

URL: http://ofx.com

 

Description:

 

Founded in 2005, OFX is particularly appropriate for individuals who are looking to get started with small-scale online businesses. They offer specific services for Amazon Fulfilment, Landed Cost, E-commerce Solutions, Online Payment Solution, Payment Service Providers, International Online Retail Business, Selling on Amazon, Etsy and eBay.

 

It is one of the transfer companies to offer recurring transfers, the option to buy now but transfer later, to set your target rate, as well as forward exchange contracts and target rate orders.

 

Free to open an account? Yes

 

Payment structure: Commission.

 

Same Day Payments?

 

OFX offers same day payments for certain currencies only, but the clock starts ticking from the moment they receive the money.

 

Minimum Transfer Amount: £100, €100 or $100.

 

Special Features/Benefits: OFX lets you track your transfer online or via its app.

 

Accreditation:

 

US: FinCEN

 

US State-specific license info: Full listing here

 

Offices In: US, (San Francisco), Australia, Canada, Hong Kong, New Zealand, the UK and the USA.

 

Awards:

 

Deloitte awards every year from 2005-2011 (Fast 50, Fast 500 Asia Pacific).

 

BRW Fast 100, 2005

 

UK Trade & Investment International Business Awards Finalist, 2006

 

Recent Headlines:

 

CMO Innovation, June 2017: How and international money transfer business did a global rebrand,

 

marketwired.com, August 2016: US Small Businesses Planning for Global Expansion Finds New USForex Survey

 

Businesswire, May 2017: OFX debuts new currency calculator

25 Jul

Moneygram

Moneygram

 

URL: https://secure.moneygram.com/?locale=en_US 

Description:

 Moneygram has existed in various credible guises since 1940, but its recent history dates back to around 1998 (which is still a long time).

This is a proper wire-transfer service, which side-steps the need for banks. Moneygram has over 350,000 locations worldwide, and has established itself as a trusted industry leader.

 

Free to open an account?

 Yes.

 

Payment structure:

They say

“Fees vary depending on where you are sending, how much, and how you are paying. Fees are typically lower if you pay with a bank account (must be a U.S. Checking account). If you pay with your credit or debit card, the fees are slightly higher.”

 

Same Day Payments? 

They say

“Money is typically ready for cash pickup within minutes after the transfer has been sent successfully, regardless of the payment method used, subject to operating hours, availability, local laws/regulations and compliance requirements.”

  

Minimum Transfer Amount:

We didn’t see any information on the website regarding this, so we’ll ask the question.

 

Where You Can Transfer To:

Over 200 countries.

 

Special Features/Benefits:

 

Accreditation:

 USA: Financial Crimes Enforcement Network (“FinCEN”)

 

US State-specific license info:  

None that we can see

 

Offices In: US, UK. Waiting for clarification on more.

 

Awards:

   

Recent Headlines:

25 Jul

Moneycorp

Moneycorp

URL: http://moneycorp.com/

 

Description: Established as a money transfer service in 1979, Moneycorp let you automatically make regular transfers into your account via direct debit and lock in an exchange rate for up to two years. They also offer ‘market orders’ which let you target exchange rates which are not currently on the market.

 

Free to open an account? Yes

 

Payment structure: Commission.

 

Same Day Payments: It’s possible if you select ‘Express’ delivery time, but it’s not guaranteed.

 

Minimum Transfer Amount: £50, $50 or €50.

 

Accreditation:

 

UK: FCA

 

US: MSB, OFAC and FinCEN

 

Offices In:

 

UK, US (Florida), Spain, Ireland and France.

 

Awards:

 

Sunday Times Top Track 2016

 

Best Financial Services Provider (OPP Awards) in 2011

 

Travel Money Provider of the Year (Consumer Moneyfacts) in 2015

 

Top 3 Overall Rating 2015-2016-2017 MoneyTransferComparison

 

Best Promotional Offer MoneyTransferComparison

 

Recent Headlines

 

The Sun, July 2017: STERLING WOES Pound to euro exchange rate – Sterling sinks to eight-month low after BoE warning over EU trade

 

Yahoo Finance, June 2017: Pre-paid card, debit or credit? These are the best ways to spend your cash overseas

 

The Sun, June 2017: TAKING A POUNDING Airports now offering as little as €0.90 to the £1 at money exchanges – here’s how to get the best holiday cash

 

 

25 Jul

Kantox

Kantox

URL:

https://www.kantox.com

 

 Description:

Kantox was formed in 2010, and from the website seems very transparent (and proud) of who the team are.

At this time, Kantox only deal with business transactions, but it seems they plan to expand in the future.

 

Free to open an account?

 Yes.

 

Payment structure:

Varying commission rate.

 

Same Day Payments?

 We couldn’t see that information on their website, so we’ll await further information.

 

Minimum Transfer Amount:

No minimum amount. However, a minimum commission does apply.

 

 Where You Can Transfer To:

Spain, France, USA, Portugal, South Africa

 

Special Features/Benefits:

A rewards scheme: receive a £50 Amazon voucher once the person you have referred has transferred £10,000 or more.

 

Accreditation:

UK: FCA (reference number 580343)

 

US State-specific license info:

None

 

Offices In:

UK, Spain, France, Germany, Italy

 

Awards:

Best Startup by Actualidad Economica

Start-up of the year by ESADE and Banc Sabadell

European Fintech Project of the year of the European ICT Awards 2015

Deloitte 2014 Award for Innovation

FICOD Digital Entrepreneurship Award 

Recent Headlines:

Kantox Ranked Number 6 Fastest Growing Technology Company in the UK in the 2016 Deloitte Technology Fast 50

Kantox Dynamic Hedging, a game-changer for currency management

25 Jul

HiFX

HiFX

 

URL: https://www.hifx.com/

 

Description:  

HiFX is part of Euronet Worldwide, which (together with Ria and XE) forms the 3rd largest money transfer business in the world.

 

Free to open an account?

 Yes.

 

Payment structure:  

There’s no information on this – and from such a large operator, we’d expect to see some transparency here before the signup/contact stage.

 

Same Day Payments? 

Again – we can’t see this information on the website, so we’ll await a response from HiFX themselves.

 

Minimum Transfer Amount:  

Once again, this information isn’t available.

 

Where You Can Transfer To:  

Over 170 Countries and 120 currencies. An impressive list, to say the least.

 

Special Features/Benefits:  

 

Accreditation:

 USA: Office of Foreign Asset Control (OFAC)

We’re awaiting further information

 

 US State-specific license info:

 We’re awaiting this information

 

Offices In:

US, UK, Australia, New Zealand, Spain,

 

 

Awards:

We’re awaiting this information

 

Recent Headlines:

 We’re awaiting this information

 

25 Jul

Halo Financial

Halo Financial

URL: https://www.halofinancial.com

 

Description:

 Halo Financial was established in 2005 in London. We like the wealth of information on this site – the money transfer guides and advice. We’re also impressed with the awards they’ve won.

However, we can’t find much information regarding fees.

 

Free to open an account?

 We can’t find this information on the website – and we think it should be available.

 

Payment structure:  

We’re awaiting this information, as it’s not available on the website.

 

Same Day Payments? 

We’re awaiting this information, as it’s not available on the website.

 

Minimum Transfer Amount:

 We’re awaiting this information, as it’s not available on the website.

 

Where You Can Transfer To:

 We’re awaiting this information, as it’s not available on the website.

 

Special Features/Benefits:

It looks like Halo Financial put a lot of effort into online resources, guides, info and advice on moving money for different scenarios. More so than other brokers.

 

Accreditation: 

UK: FCA, HMRC

 

US State-specific license info:  

None that we can see from the website.

 

Offices In:
UK

 

Awards:
Best Customer Focus Award 2016 – Best Business Awards

Feefo Gold Merchant Status – 2016

OPP Gold Award for Excellence – twice awarded (2013, 2014)

Re:Locate Magazine – Financial Innovation and Support Award

 

 

Recent Headlines:

 

We’re awaiting this information, as it’s not available on the website.

 

 

25 Jul

Global Reach

Global Reach

URL: https://www.globalreach-partners.com/

 

Description:  

Established in 2002, Global Reach Partners also operate FC Exchange (aimed more at private clients).

They assign customersa dedicated account manager, and deal with Spot Forex, Market Orders (for a desired rate), Forward Contracts, and a whole bundle of extras.

 

Free to open an account?

 Yes.

 

Payment structure:

 We couldn’t find this information easily available on their website. We’ll attempt to get this information soon.

 

Same Day Payments? 

We’re awaiting this information, as we can’t see it on the website.

 

Minimum Transfer Amount: 

We’re awaiting this information, as we can’t see it on the website.

 

Where You Can Transfer To:  

Global Reach Partners state it can transfer to and from over 130 countries. We’re awaiting further information, as we can’t see it on the website.

 

Special Features/Benefits

 From research, it seems that personable customer service and satisfaction is particularly important to the company.

 

Accreditation: 

UK: FCA, HMRC

 

US State-specific license info:  

None that we can see

 

Offices In:

UK

 

Awards:

We’re awaiting this information, as we can’t see it on the website.

 

Recent Headlines:

 We’re awaiting this information, as we can’t see it on the website.

 

25 Jul

Foreign Exchange

Foreign Exchange

URL: https://www.foreignexchange.com/

 

Description:  

Established in 2015, this company is relatively young. It’s a subsiduary of Gain Capital, which is far more established, having formed in 1999.

This company is more UK-based, so most information assumed you’re transferring money from the UK to other countries.

 

Free to open an account?  

We’re awaiting this information

 

Payment structure

We’re awaiting this information

 

Same Day Payments? 

UK/US can be within two hours. However, some countries can take up to two days.

 

 Minimum Transfer Amount: £100, €100 (EU), or $100 (USA)

 

Where You Can Transfer To:

Over 26 countries – full list here. https://www.foreignexchange.com/available-currencies

 

Special Features/Benefits:

We’re awaiting this information

 

 Accreditation:

 UK: FCA

We’re waiting for further information on this.

  

US State-specific license info:

 None that we can see.

 

Offices In:  

UK

 

Awards: 

We’re awaiting this information.

 

Recent Headlines:  

We’re awaiting this information