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…
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What do first-time users think of WorldRemit?
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…
What do first-time users think of Western Union’s online services?
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…
What do first-time users think of TransferGo?
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…
What do first-time users think of TransferWise?
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…
Five online services that can save you money before Christmas
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…
How CurrencyFair uses image recognition to know its customers
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,…
TransferWise’s New Pricing: Winners and Losers
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…
Digital Nomads — Getting Your Finances Right
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…
Lock in Your Exchange Rate with Lebara Money
Lebara Money Transfer offers a useful feature for people who regularly send money abroad — “If you like it, lock it.” It’s designed to help you reduce risk and manage your finances and exchange rates more effectively. It works as…
Going Borderless? Your questions on TransferWise’s newest service, answered.
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 better? It turns out…
The International Organization for Migration (IOM) and Monito launch a global survey on remittances – Make your voice count
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…
We scanned the cost of making a 1000 GBP-PLN transfer every hour during an entire week and here is what we found
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…
The best option for your transfer depends on how much you send, see for yourself
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…
Introducing Monito’s Cheapest Available Option (CAO) index: sending money from Europe is much cheaper than previously believed
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 – – – – – – – – – – – – – – –…
You can now get free expert advice before your next large money transfer
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…
Venmo don’t work internationally. Find out your alternatives now!
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,…
What are the best ways to send money to South and Central America
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…
Monito launches real-time comparison of money transfer services and smart alerts
In the last few months, we have worked hard at rebuilding our comparison engine to achieve our goal of providing our users with real-time exchange rates and fees. Most of our comparison results were already being updated on an hourly…
Free pictures and illustrations about money transfers
We have been creating content about money transfers for the past four years, reviewing money transfer companies and comparing the best options for all kind of transfers. To illustrate our provider reviews or our blog posts, we’ve created hundreds of…
Why you shouldn’t use PayPal for your next international money transfer 5.90/10
People often ask us if PayPal is a good service to send money abroad. While PayPal is great to send money to friends living in your country, our in-depth review of PayPal shows that it’s probably not a good idea…
The ultimate Western Union review 8.20/10
In addition to comparing money transfer services, our mission at Monito is to provide in-depth reviews of the money transfer providers we compare and their services. This helps our users make an informed decision about the best way to send…
Better reviews for money transfer operators
Our core mission at Monito is to provide our users with accurate comparison information about money transfer operators costs and services, to help you make the right choice for each of your transaction. But our role is also to provide…
Sending money to Switzerland – why an international bank transfer is not your best option
Switzerland may well be considered as a small country, it is a very international one. A lot of Swiss are living abroad, and Switzerland host a lot of expatriates from all over the world, which means a lot of people…
The story behind our domain name and why we adopted a bonobo
Last August, we went through a rebranding, changing our name from TawiPay to Monito. As you can imagine, finding a new name is a cumbersome process (you can learn more about our user-centered and data-driven approach here). But once we…
Why money transfers to Poland matter
Did you know that while Poland is (only) the 35th most populated country on earth, it has one of the largest diaspora in the world? With 20 people with polish origin currently living outside the country, poles represent more than…
Nigerians sending money home could save $600 million a year in transfer fees
Money sent by relatives living abroad are a lifeline for many people in Nigeria (as much as 3 million Nigerians are believed to receive money from overseas each year). In 2015, the Nigerian Diaspora collectively sent $20 billion US dollars…
Our independent review of WorldRemit 7.6/10
We just published our in-depth review of WorldRemit. You can read the full review on our website, where you’ll find the details of our independent evaluation, customer reviews, information about how to send money with WorldRemit, and the story behind…
Non-resident Indians are paying 4 billion USD in transfer fees every year
India is not yet the most populated country on earth, but it already has the largest diaspora in the world. If the 30 million Indians living abroad formed a country, it would be the 40th largest in the world, more…
Christmas promotions for money transfers: the complete list
To celebrate Christmas, a few money transfer providers have special offers. You can play to win your flight home, transfer money without fees, or get free Amazon vouchers. Read our full review of Azimo Azimo are giving a fee-free transfer…