Monito Money Transfer Reviews

We Compare and Review Hundreds of Money Transfer Providers

On this page, you'll find all money transfer providers listed on Monito, from money transfer giants and well-known brands like Western Union or MoneyGram to rapidly growing new players like Wise and many more.

We also compare niche providers that are reasonable solutions for particular needs and banks to give you an idea of how much you can save by switching to a cheaper provider.

Monito’s Most Popular Money Transfer Provider Reviews

9.5

9.1

8.8

8.5

8.4

8.3

8.1

8.0

8.0

6.9

How We Review Money Transfer Providers

In addition to comparing the fees and exchange rates of providers in real-time, we try to review as much providers as possible in details, to help you make the best decision when picking a new provider.

We developed the Monito Score, and evaluation based on 50+ criteria, from how easy to how secure and transparent a provider is.

Learn more about the Monito Score

Online Money Transfer Providers

While a big proportion of individual international money transfers (also referred to as remittances) are still cash-based, online money transfer providers' market share is growing very rapidly.

9.5

9.1

8.0

8.5

Global Money Transfer Providers

In this category, we list money transfer providers that have a global presence and are relying mostly on cash-based transfers.

8.3

Go to Western Union

8.0

Go to MoneyGram

6.7

Go to Ria

Foreign Exchange Brokers

Also called "FX brokers", this specific category of money transfer providers focused on high-value transfers and usually provide personalised service. They usually require their users to request a quote for a given transfer before being put in contact with a broker by phone or email. They include:

Digital Wallets

5.9

Go to PayPal

8.3

Go to Skrill

Neobank Reviews

9.3

8.9

8.6

8.3

8.3

8.0

8.0

7.2

6.7

Banks for International Money Transfers

Banks are usually not a good solution to send money internationally as they usually take an important margin on the exchange rate when converting your money.

Bank	FX Margin (%)	Transfer Fees (GBP)
HSBC	2.5% - 25%	Up to £4
Barclays	4% - 1%	£0
Lloyds	2.5% - 25%	£9.50
Natwest	4.5% - 13%	£15
Santander	-	Up to £25
HBL	0.55% - 2.5%	£0.5 - £100
ICICI Bank	0.9% - 1.3%	£1
Bank of Baroda	0.7% - 0.8%	£10
SBI	0.35% - 2.3%	Up to £25
RBS	1.5% - 3.55%	Up to £9.50
Halifax	1.5% - 3.55%	Up to £9.50

Last updated: 23/07/2021

Bank	FX Margin (%)	Transfer Fees (USD)
Wells Fargo	4.2% - 9.5%	$30
Bank of America	5% - 7%	$45
Citibank	4.2% - 9.5%	$35
Capital One	4.2% - 9.5%	$40

Bank	FX Margin (%)	Transfer Fees (AUD)
CBA	3.9% - 6.6%	A$6 - A$22
Westpac	2.5% - 9.7%	A$10 - A$20
Bendigo	4.8% - 8.4%	A$30
St.George	4.1% - 5.5%	A$10 - A$20
ANZ	2% - 12%	A$9 - A$18
NAB	3% - 6.8%	A$10 - A$30
Bankwest	4.6% - 9%	A$15 - A$35

Bank	FX Margin (%)	Transfer Fees (CAD)
CIBC	1.2% - 4.1%	C$30 - C$80
RBC	1.7% - 4.6%	C$6 - C$10
TD Bank	4.6% - 6.4%	From C$30
Scotiabank	1.8% - 3.3%	C$1.99
BMO	2.25% - 8.1%	C$5 - C$125
ICICI Bank	Approx. 2.1%	C$5

Bank	FX Margin (%)	Transfer Fees (NZD)
ASB	1% - 5.4%	NZ$15
ANZ	1.6% - 6.2%	NZ$9
Westpac	1.9% - 5.1%	NZ$10
Kiwibank	1.2% - 4.7%	NZ$20 - NZ$25
BNZ	1.5% - 5.1%	NZ$15

Bank	FX Margin (%)	Transfer Fees (SGD)
DBS	0.7% - 2.3%	S$25 - S$55
OCBC	0.65% - 2.3%	0.125% + S$20
UOB	0.75% - 2.9%	0.125% + S$30
Maybank	1.15% - 5.7%	0.125% + S$20
POSB	0.3% - 2.5%	S$25 - S$55

Bank	FX Margin (%)	Transfer Fees (ZAR)
FNB	1.2% - 3.7%	0.55% + R185
Absa	1.1% - 5.6%	0.55% + R100
Standard Bank	0.7% - 10.95%	0.535% + R108
Nedbank	0.5% - 11.5%	0.66% + R125

Bank	FX Margin (%)	Transfer Fees (EUR)
AIB	1.2% - 1.5%	€15 - €22.50
Ulster Bank	2.3% - 2.6%	€0.51
BOI	2% - 4%	€5.00

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn More About Monito

Monito is trusted by 15+ million users across the globe.
Monito's experts spend hours researching and testing services so that you don't have to.
Our recommendations are always unbiased and independent.

Monito Money Transfer Reviews

Best Providers

See the best transfer providers by Monito Score:

Wise

Wise is a low-cost, global option to send abroad:

Remitly

Remitly is number-one for cash pick-up:

TransferGo

TransferGo is an excellent provider from Europe:

Western Union

WU is the oldest and largest transfer service:

Paysend

Paysend is a smart card-to-card transfer option:

We Compare and Review Hundreds of Money Transfer Providers

Monito’s Most Popular Money Transfer Provider Reviews

How We Review Money Transfer Providers

Online Money Transfer Providers

Global Money Transfer Providers

Foreign Exchange Brokers

Digital Wallets

Neobank Reviews

Banks for International Money Transfers

Why Trust Monito?