Watch Monito's Video About The Best Money Transfer Services

That's why in this video, we're going to look at the best money transfer services ranked by our Monito score. This score considers fees in exchange rates, customer service and satisfaction, as well as trust and credibility. Meaning by the end of this video, you will have a greater understanding of which money transfer providers are best for you.

You see, when it comes to sending money abroad, there are few things that you need to figure out before any money leaves your wallet. And this is really important because if you're not careful the amount of money the recipient receives, so the person you're sending money to may be a lot less than the original amount you sent.

Those three things you need to figure out are which providers will be available for your transfer. And this can be influenced by the amount you're transferring or which currencies you're using. Number two is what are the total fees for the transfer, including any sneaky hidden fees.

And finally, which of the providers are actually any good? And can you trust them with your hard earned money? Because unfortunately, some providers will hide fees in the exchange rate they offer you, meaning they get to pocket far more of your money than is necessary and the recipient will receive a lot less than is fair.

But don't worry, with Monito’s comparison engine, you can find out in real time what the best, most trustworthy and cheapest available service is based on the amount you're sending and where to. The brains behind our comparison engine is something that I mentioned earlier called the Monito score.

Our team of experts have tested all providers, read hundreds of customer reviews. We've scoured through the internet to find news of technical screw ups or security lapses and considered millions of pricing results from our comparison engine. This is all to help you understand what is the best service right now for your money transfer needs.

First up, we have Wise, formally TransferWise and an excellent money transfer service, which received a 9.5 and one we firmly recommend. Wise offers you security and transparency that's almost incomparable to other providers, as well as a high quality service and a wide range of easy to use features.

The fees and exchange rates are some of the best available, and their customer satisfaction is extremely high. It's clear that they're a well-liked service and are a worthy choice when it comes to sending money internationally. Next up, we have TransferGo.

Like Wise, TransferGo scored highest on all dimensions of our Monito score. They're an excellent money transfer service with fantastic credibility. They're fully transparent and trustworthy and put extra effort into helping customers understand fees and exchange rates. TransferGo is also really easy to navigate.

The customer service is quick and easy to locate and as a result, they are loved by their customers and have fantastic customer satisfaction. Finally, we have Remitly, an excellent money transfer provider that comes highly recommended by our experts at Monito. Serving over 3 million customers all over the world, Remitly are trusted, highly credible and very well rated by their customers. 

But where Remitly really excels is in its fees and exchange rates. We found that Remitly was the cheapest option in 60% of Monito searches for sending money abroad for a bank transfer and 80% for cash transfers. So if your biggest priority is finding the cheapest option for your money transfer needs, then Remitly might just be right for you.

But with that in mind, no money transfer service, not even these three are always guaranteed to be the cheapest or even available. So to make sure you're getting the best deal and not ripped off by hidden fees, click the link in the description box below and head on over to Monito dot com.

You don't need to enter any personal details. It would cost you anything, and it might just save you a bit of money. If you have any questions about today's video feel free to ask me in the comments. Also, if you enjoyed the video, just hit the subscribe button over here and make sure to check out this recent video just here, I think you'll like it. I'll see you in the next video. Goodbye.