Mid-market? Mid-rate? Middle rate? Standard rate? Breaking down the many ways to describe an exchange rate. When it comes to the money exchange market, a massive amount of words come into play to describe the same thing. In the…
In a comprehensive user-experience report published today, Monito explores how easy it really is to send money online in 2018. Based on 50 individual user tests and in-depth analyses of 10 money transfer websites, the benchmark study highlights the key…
The best international bank accounts for digital nomads “Please upload a utility bill in your name that is not older than 3 months. Mobile phone statements are not acceptable.” For digital nomads (or, as some prefer to say, location-independent people)…
We’ve all been there. You return from a holiday abroad, check your bank balance, see some surprisingly outrageous charges and go OUCH! 😢 You’re in pain because you’ve been slapped with inflated foreign transaction fees and obscene exchange rates that made your…
This is a guest post by InstaReM. The Evolution of International Money Transfers – From Barter to Bitcoins As a medium for exchanging value, money is probably the most important invention that has had a such a deep impact on the…
Sending money abroad online is now easier than ever, but how simple is it really? During the past few months, we analyzed hours and hours of recordings that traced users trying to send money online with a variety of different…
Sending money abroad online is now easier than ever, but how simple is it really? InstaReM is one of the latest newcomers in the online money transfer industry, and they’re currently expanding their coverage to Europe with great ambitions.…
Sending money abroad online is now easier than ever, but how simple is it really? We are excited to include Xendpay in our series detailing the user experience of sending money online. We’ve already analyzed seven money transfer companies…
ACH versus bank wires: What’s the difference & why should we care? There’s a lot of confusion around these terms. Both are ways to transfer money between bank accounts, but there’s a difference between ACH vs wires when you process…
How to do a bank wire transfer If you’ve ever wanted to transfer money from a US bank, you’ve heard the word “bank wire” before. But what does it mean to wire money? How do you do it? And what…
Sending money abroad online is now easier than ever, but how simple is it really? Azimo is one of several innovative companies aiming to make transferring money abroad online and from your smartphone an easy task. We are excited to…
Sending money abroad online is now easier than ever, but how simple is it really? After Western Union, MoneyGram is the company most people associate with transferring money. It is therefore quite natural that we included them in our benchmark…
Sending money abroad online is now easier than ever, but how simple is it really? CurrencyFair is the fifth online money transfer provider in our 10-blog-post series to be tested and reviewed by randomly selected users who never heard of…
Sending money abroad online is now easier than ever, but how simple is it really? In our series of blog posts exploring how easy it is to send money online in 2018, today we are jumping in the shoes of…
Sending money abroad online is now easier than ever, but how simple is it really? In our quest to find out how easy it is to send money online, we’ve already analyzed the experience of first-time users discovering TransferWise and…
Sending money abroad online is now easier than ever, but how simple is it really? After TransferWise last week, today we are analyzing the user experience of online money transfer service TransferGo, one of the new players in the industry…
Sending money abroad online is now easier than ever, but how simple is it really? In order to answer this question, Monito is currently carrying out an in-depth benchmarking study, analyzing the user experience of sending money online with TransferWise…
Each year, December seems to come around quicker and quicker and before you know it it’s already Christmas! Last minute Christmas presents, train tickets and flights can quickly leave you out of pocket. However, with so many platforms and…
This is a guest post by CurrencyFair As a global fintech pioneer, CurrencyFair has always endeavored to utilise innovative cutting edge technology to enable an effortless, high quality customer experience. Simplicity and speed are the keys to digital business transformation,…
While Brits are losing £600 million per year on excessive international transfer fees, Monito welcomes TransferWise‘s move to drop money transfer fees for UK customers. Being total money transfer geeks, we at Monito wanted to understand exactly what this change…
The age of the digital nomad is upon us. The rise in accessible technology, the ability to work from anywhere, and the low cost of travel mean that the dream of living and working anywhere in the world has never…
UPDATE: 10 April 2018: Lebara Money has announced that they entered into a partnership with WorldRemit. This partnership will enable Lebara Money’s customers to transfer money to over 145 destinations through the WorldRemit platform. Make sure to compare all your options before choosing a new…
Updated 27 July, 2018 TransferWise is one of the best money transfer and currency exchange providers we work with. We love their mid-market exchange rates, wide availability, low fees, and easy-to-use services. In fact, we wondered, could they get any…
Today is the third International Day of Family Remittances, the opportunity to recognize and celebrate the more than 200 million migrants around the world who send money home regularly to support their families. The contributions of migrants to the development…
In our last blog post, we highlighted how the cheapest provider for your transfer will change depending on how much you send. Today, we’re showing how the ranking of the providers changes over time. To power our comparison engine, we…
When sending money abroad, the best service to choose depends on how much you need to send. The data we’ve collected shows this very clearly. We compared the best options for a EUR-GBP transfer between France and the United Kingdom…
Our in-depth analysis of the cost of sending money online from the Eurozone and the United Kingdom, based on more than 10,000 observations collected simultaneously – – – – – – – – – – – – – – –…
A large number of people use Monito’s real-time comparison platform every month to find which provider is offering the best exchange rate and the lowest fees for their money transfers. Over the past year, we’ve noticed that an increasing share…
tl;dr Each Venmo transfer needs the sender and beneficiary to be physically in the US, so you can’t use it to send money abroad to a friend or family. If you’re looking for the best service for your money transfers,…
Estimates put the amount of dollars sent by migrant workers to Latin America and the Caribbean at almost USD 70 billion. It’s a huge number, and is more than Guatemala’s GDP for example. Millions of families across the continent depend…
