We're like a travel comparison site, but for money transfers
You shop around before booking a flight or a hotel room so you can get the best value for you money, right? The same is true for money transfers: if you compare your options before making an international transfer, you can save money.
Here’s how Monito can help can help you save money when you send money.
Why you need to compare your options before every transfer
When you send money abroad, your bank or money transfer provider often charges you a fee and generally gives you an exchange rate that is worse than the current mid-market exchange rate (also called the interbank rate). The margin on the exchange rate and the fees depends on the currencies and how much you transfer. In short: it’s complicated, and makes it tough for you to know how much you will pay.
That's where Monito comes in. Our comparison engine compares all the providers available for your transfer in real-time. You see the total cost including all fees and the margin on the exchange rate. This way, you can select the best option for your transfer.
Tell us where you want to send money
Using the form at the top of this page, select the country you’re sending money FROM and the country you’re sending money TO and the amount you want to transfer.
Be sure to enter the exact amount of your transaction—the cheapest provider varies according to how much you’re sending.
Select the best operator for your transfer
Once you launch your search, our comparison engine will fetch information from money transfer providers about their current rates and fees. This process provides you with detailed comparison results and takes 10 to 30 seconds.
The results are organized by transfer type (to a bank account cash pick-up location, for example). In each section, the providers are ranked from the cheapest to the most expensive, though you might want to take other criteria into account such as the transfer speed or the payment option.
Send money and save on transfer fees
Once you select the provider that is the best for your needs, we’ll redirect you to their website, where you will need to sign up and validate your account before you make the transfer.
Most providers will give you different options to pay for your transfer, such as debit or credit cards, but the cheapest option is usually via a local online bank transfer to the provider's bank account in your country.
Find the cheapest provider for your next transfer
Check out our guides & save more on your money transfers
- Billions in currency exchange fees are paid by migrants every year without noticing it. Learn here how to identify and avoid them.
- If you recognize yourself in one or several of these 5 signs, changing your habits may help you save a lot on transfer fees.
- Comparing money transfer services only takes about five minutes, but if you're really hesitant about wasting time, here are 6 more REASONs that will convince you.