Both CurrencyTransfer and WorldRemit are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
CurrencyTransfer | WorldRemit | |
Homepage | ![]() | ![]() |
Transfer Fee | No fee | $0.99 – $3.99 depending on the transfer amount and the selected countries and payment methods. |
Average Exchange Rate Markup | 0.007 | 1% – 1.6% |
Minimum Transfer Amount | £5,000 (or currency equivalent) | $1 |
Maximum Transfer Amount | No limit | Depends on the selected countries and method of payment (ranges between $1,400 and $60,000). |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
CurrencyTransfer | WorldRemit | |
Trustpilot Rating | 4.8 | 4.1 |
Number of Trustpilot Reviews | 900 | 78,800 |
iOS App Rating | N/A | 4.8 |
Number of iOS App Reviews | N/A | 172,000 |
Android App Rating | N/A | 4.6 |
Number of Android App Reviews | N/A | 179,000 |
Features
CurrencyTransfer | WorldRemit | |
App Transfers | No | Yes |
Online Transfers | Yes | Yes |
Phone Transfers | No | No |
In-person Transfers | No | No |
Available Countries | 170 | 145 |
Number of Currencies | 28 | 70 |
Payment Methods | Bank account | Bank account Debit card Credit card Apple Pay Interac iDeal Trustly Klarna SOFORT POLi |
Receiving Methods | Bank account | Online wallet Bank account Cash pickup Home delivery |
Cash Pickup Option | No | Yes |
Payments Flexibility | Web platform | Web platform Mobile app |
Supported Languages | English | English, French, German, Danish, Dutch, and Spanish |
Transfer Speed | 1-4 days | 0-2 days (within minutes in 95% of cases). |
Dedicated Dealer | Yes | No |
Instant Custom Quote | Yes | Yes |
Business Features | Spot contracts Forwards contracts Market orders Batch payments FX derivatives Rate alerts API integration | N/A |
Debit Card | None | None |
Cancellation Policy | Booked currencies can be bought back from the selling provider with the costs falling on the customer | Only when the transfer hasn’t been paid out. Bank and mobile wallet transfers may be refunded even after the transfer is completed if the recipient agrees to the refund. |
Suitability | Large money transfers | Small money transfers |
Top Rated Money Transfer Service
Company Comparison
CurrencyTransfer | WorldRemit | |
Year Founded | 2015 | 2010 |
Headquarters | London, UK | London, UK |
Other Office Locations | Tel Aviv (Israel) | Poland (Krakow), USA (Denver), Philippines (Cebu), Australia (Sydney), Belgium (Brussels), Japan (Tokyo), Kenya (Nairobi), Malaysia (Kuala Lumpur), Rwanda (Kigali), Singapore, South Africa (Johannesburg), Somaliland (Hargeisa), Tanzania (Dar Es Salaam), Uganda (Kampala), and Canada (Toronto) |
Annual Trading Volume | $500 million | $10 billion |
Number of Employees | 23 | 1800 |
Number of Clients | 20000 | 5.7 million |
Regulatory Institutions | FCA and HRMC in the UK | FinCEN in the USA FINTRAC in Canada FCA in the UK ASIC in Australia National Bank of Belgium in EU FSPR in New Zealand FSA in Japan |
Awards | Top 9 Startups (Swift Innotribe Startup Challenge, 2014) Presented at FinovateEurope – a FinTech-based conference (2014) | Best Practice in Remittances for Development by IFAD (United Nations Agency, 2015) Technology Fast 50 (Deloitte, 2015, 2016, and 2017) Tech Track 100 (Sunday Times, 2016, 2017, 2018, and 2019) Excellence in Transformational Business (FT/IFC Transformational Business Awards, 2017) EY Entrepreneur Of The Year (2016) Bronze Award (European Contact Centre & Customer Service Awards, 2019) The Powerlist (BBC, 2020) Best for International Transfers (Best Money Transfer Apps – Investopedia, 2021 and 2023) |
CurrencyTransfer Pros & Cons
CurrencyTransfer Pros
- Real-time personalized quotations
- Excellent client support
- Strong rating on Trustpilot
- Zero fees on transfers
- Attractive foreign exchange rates
- Worldwide service availability
- Wide range of options for businesses
- Speedy transfer of funds
- Notifications for exchange rate fluctuations
CurrencyTransfer Cons
- Not suitable for small money transfers
- High minimum transfer limit
- No multi-language support
- Limited payment options
- No mobile app
- Limited currency coverage
- No local coverage
WorldRemit Pros & Cons
WorldRemit Pros
- Many payment methods
- Competitive foreign exchange rates
- Small transaction fees
- Excellent policy for transfer cancellations
- Instant, personalized cost estimates
- Cash pickup services available
- Mobile digital wallet features
- Comprehensive global service availability
- Strong coverage of over 70 unique currencies
- Wide local presence with offices in 15 nations
- Quick funds transfers
- Comprehensive and informative knowledge base
WorldRemit Cons
- Not ideal for transferring large sums of money
- No personal account managers available
- Lacks business solutions like forward contracts and limit orders
- Numerous criticisms pertaining to customer service
Top Rated Money Transfer Service
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