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Monito is a comparison website for international money transfer services.

We compare and review more than 350 money transfer operators, to help you find the best option for each of your international transaction.

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Transfast services to India, the Philippines and 49 other countries reviewed by experts

How can you use Transfast to send money abroad? Is their service reliable? Can you trust Transfast with your money? How good are their fees and exchange rates?

    Our independent review of Transfast

    Transfast (formerly known as Trans-Fast) is an international money transfer company founded in 1988. Through its website and mobile apps (Android and Apple), you can send money from the US and Canada to 51 countries in the world 24/7. Their support is available by chat, phone and email, and Transfast provide a money back guarantee if your money is not delivered.

    You can pay for your money transfer in US dollars (USD) or Canadian dollars (CAD) via a bank transfer, or pay by debit or credit card. You can choose between various pay-out methods such as bank deposit, cash pickup, cash home delivery, deposit to a cash card, bill payment when available. For cash pickup you can send money to a network of over 200,000 agent locations in the world, thanks to Transfast partnerships with many banks and retail locations.

    Transfast’s exchange rates are locked in, meaning that the exchange rate you see when you make your transfer is the same exchange rate that will be applied to your money transfer. No surprises.

    With almost 30 years in business, Transfast is a serious and trustworthy digital alternative to the traditional money transfer services or banks. Transfast offers very competitive prices, a strong customer support, and an extensive payout network. You should not expect any additional services or fuss, it’s to the point and effective.

    Transfast

    What we like about Transfast

    • Low fees and great, locked-in exchange rates

    • Large network of payout locations

    • 24/7 customer service available by chat, phone or email

    What we dislike about Transfast

    • Only a “Good” (7.3*/10) rating on Trustpilot and A+ on BBB

    • Some confusion around their Value+ vs Fastrack services

    • Relatively low transaction limit

    Alternatives to Transfast

    Compare Transfast's exchange rates and fees

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    United Kingdom
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    How Transfast works

    Open an account

    Visit Transfast's website and open a free account

    Enter the details about your recipient

    Tell Transfast where you need to send money and to whom.

    Set-up your transfer with Transfast

    Enter how much money you want to send and how you want to pay for your transfer.

    Pay for your transfer

    Fund your transfer by making a local bank transfer or pay by debit or credit card

    Let Transfast do the rest

    Transfast will convert your money in the recipient's currency and send it to him through the selected pay-out option.

    Fees & Exchange Rates

    Fees & Exchange Rates 8.4/10

    Great

    Transfast is very often the cheapest option

    This indicator is based on the percentage of searches on Monito for which %PSP% is the cheapest provider

    3.4/5

    Transfast has very competitive fees and exchange rates

    This indicator is based on the percentage of comparisons on Monito in which %PSP% offers a competitive pricing (taking into account the pay-in and pay-out options as well as the amount).

    4/5

    Transfast doesn't offer special promotions to Monito users

    0/1

    Monito can access real-time pricing information from Transfast

    1/1

    The points above are added to calculate the "Fees & Exchange Rates" score of Transfast, who scores 8.4 points on a maximum of 10 points.

    Ease of Use

    Ease of Use 8/10

    Great

    An average number of Monito users going to Transfast end up making a transfer with them

    1.5/3

    Transfast's homepage is clear and very easy to understand

    1.5/2

    It's very easy to open an account with Transfast

    2/2

    Setting up your transfer is quick and easy

    2/2

    It's easy to sign up and make a transfer both on mobile and desktop

    1/1

    The points above are added to calculate the "Ease of Use" score of Transfast, who scores 8 points on a maximum of 10 points.

    Credibility & Security

    Credibility & Security 6.5/10

    Average

    Transfast is fully licensed and authorized

    2/2

    Transfast doesn't have many positive customer reviews

    0.5/2

    Transfast's customer base is already quite large

    1/2

    Transfast employs a very large number of employees

    1/1

    Transfast has already transferred at least 5 billion USD for their customers

    1/1

    Transfast hasn't receive any significant press coverage

    0/1

    Transfast is part of Monito's network of trusted partners

    1/1

    Transfast is a long-established company

    0.5/0.5

    The points above are added to calculate the "Credibility & Security" score of Transfast, who scores 6.5 points on a maximum of 10 points.

    Transfast is a licensed money transmitter in 37 US states, 5 Canadian provinces, in the EU, and in India.

    Transfast takes the security of your money seriously, with a 256-bit encryption of your data, a Norton Secured website and TRUSTe certificate. They will process every transfer using the Verified Visa and MasterCard SecureCode services.

    Almost 10% of its workforce is employed in the compliance department to avoid fraud and money laundering.

    Transfast is a private company, backed by GCP Capital Partners, a $1.3 billion private equity firm. The company has been in business for almost 30 years, and received various awards such as Kalahari’s “Best Remittance Service Award”.

    Transfast is trusted by millions of customers and process over $6.8 billion in transfers annually. 2,327 customers gave Transfast a “Good” rating on TrustPilot with 4 out of 5 stars.

    Service & Coverage

    Service & Coverage 4.8/10

    Bad

    Transfast allows you to send money from a limited number of countries

    0/2

    Transfast allows you to send money to an average number of countries

    1/2

    Transfast is available in very few languages

    0/1

    It is possible to pay for your transfer by local bank transfer

    0.5/0.5

    It is possible to pay for your transfer by credit/debit card

    0.5/0.5

    Transfast doesn't offer additional pay-in options

    0/0.5

    It is possible to send the money to your recipient's bank account

    0.5/0.5

    The money can be delivered to a cash pick-up location

    0.5/0.5

    Transfast can’t send money to a mobile phone (airtime top-up or mobile wallet)

    0/0.5

    Transfast has a bill payment service

    0.5/0.5

    Transfast doesn't offer additional banking features

    0/0.5

    Transfast offers a multi-currency debit card

    0.5/0.5

    Transfast offers guaranteed exchange rates

    0.5/0.5

    It is not possible to set up repeating transfers / standing orders

    0/0.5

    There is a very low minimum amount

    0.3/0.5

    There is a maximum amount

    0/0.5

    The points above are added to calculate the "Service & Coverage" score of Transfast, who scores 4.8 points on a maximum of 10 points.

    Customer satisfaction

    Customer satisfaction 6.3/10

    Average

    Transfast has a good percentage of excellent customer reviews

    2.7/5

    Transfast has a very low percentage of negative customer reviews

    2.1/2.5

    Transfast has a good number of positive customer reviews

    1.5/2.5

    The points above are added to calculate the "Customer satisfaction" score of Transfast, who scores 6.3 points on a maximum of 10 points.

    Customer support

    Customer support 10/10

    Excellent

    The FAQ and help center of Transfast are easy to understand

    2/2

    Transfast has a live chat available to all

    2/2

    Transfast offers email support (even to noncustomers)

    2/2

    Transfast offers phone support (even to noncustomers)

    2/2

    It's very easy to get in contact with Transfast

    1/1

    The FAQ and help center are translated in all languages

    1/1

    Monito cannot contact Transfast on behalf of our users

    0/1

    The points above are added to calculate the "Customer support" score of Transfast, who scores 10 points on a maximum of 10 points.

    Transparency

    Transparency 4.8/10

    Bad

    The exchange rate margin makes up a significant share of the total cost of your transfer

    1/3

    It's quite straightforward to understand the fees of Transfast

    1/2

    Transfast’s exchange rate margin is not properly disclosed

    0/2

    A real-time quote can be obtained without registering

    1/1

    Transfast applies the same fees and exchange rates to all customers

    1/1

    The pricing information of Transfast is made available to Monito

    0.8/1

    The points above are added to calculate the "Transparency" score of Transfast, who scores 4.8 points on a maximum of 10 points.


    Transfast India

    Transfast is a popular choice to send money to India, thanks to Transfast’s network of partners in India and its own payout network.

    Bank deposit in India with Transfast

    You can make instant bank deposit 24/7/365 with Transfast to the following banks: HDFC, Yes, Federal, Axis, Andhra, Bank of Baroda, Canara Bank, Catholic Syrian Bank, CUB, Corporation Bank, Dena Bank, ICICI Bank, Indian Bank, Indian Overseas Bank, Kotak, Punjab National Bank, South Indian Bank, State Bank of India, UCO Bank, Union Bank of India.

    Transfast can also make deposits to CitiBank, although the instant service is not available.


    Transfast Philippines

    Bank deposit in the Philippines with Transfast

    You can send money to all banks in the Philippines. Instant credit is available in the Philippines with Transfast for BDO, PNB, and Metrobank accounts. Deposit in a few hours is available for BPI accounts..

    Monito helps you compare money transfer services around the 🌎

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    • Why you can trust Monito's reviews

      Monito's mission is to help you (and thousands of others each day) find the best providers for your money transfers.

      We do that by providing real-time comparison of exchange rates and fees (you can use the form below to make a comparison) and by writting in-depth reviews about money transfer providers.

      We have partnerships with many money transfer providers (Transfast included), which help us get access to their exchange rate and fees information (which we always check for accuracy). Those partnerships help us support our activity and offer our service for free.

      We put a lot of efforts to review money transfer providers like Transfast in details and based on objective and verifiable criteria. A good example of that is the in-depth User Experience Benchmark Study we conducted in August 2018.


    Compare Transfast to 300+ other providers

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    Questions you may have

    Read our guides on sending money abroad