Money Transfer Reviews

Money Transfer Reviews

Transferwire

                                                         Summary:                                          Visit Site

Based in the UK, TransferWise offers peer-to-peer money transfer services at low cost. Launched in January 2011, Transferwise has grown rapidly with headquarters in London and offices in New York, and Singapore. TransferWise supports more than 300 currency routes across the world as well as providing multi-currency accounts. Transferwise has competitive and transparent fees, offering multiple payment methods of bank transfer, credit card, and even ApplePay.

Pros:

  • Wide range of currencies offered (300+)
  • Transparent mid-market fee structure

Cons:

  • No same day delivery option
  • Bank to bank transfers only

Covercy

                                                             Summary:                                          Visit Site

Covercy is a secure, simple and cost-efficient service which people, businesses and primarily investors to transact overseas quickly, seamlessly and affordably. Covercy offers a fixed fee structure, no matter the amount. They also offer their product terra, which allows global business transactions to help clients conduct operations across borders efficiently.

Pros:

  • Fixed fees
  • Transparent time frames on transfers
  • Great customer service

Cons:

  • People have complained about money being stuck for long periods of time only to have the money returned.
  • Can be hard to speak to a real person depending on the issue

GlobalWebPay

                                                             Summary:                                          Visit Site

GlobalWebPay offers a fixed fee structure to allow customers the ability to send money globally. With over 200 countries offered and low flat rates, GlobalWebPay is a great option to look in to. While they have recieved some criticism recently over refunds and cancellations, their fees are hard to beat and you will generally see positive reviews of them.

Pros:

  • Low fixed transfer fee
  • Competitive, bank beating exchange rates (locked in with no rate deposit fees)
  • Fast & secure delivery to bank accounts (normally 1 business day

Cons:

  • Transfer documents can be confusing
  • Minimum amounts are too low compared to fees

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