The following article highlights the most reliable, fast, and cost-efficient services that allow money transfers across border in Europe.
In this case, this article addresses services suitable for individuals making remittances and travelers that handle multiple currecies and businesses that process international payments.
The article features diferent services and helps the reader choose the most suitable service by presenting the service features, benefits and the service cost.
Key Points & Best Money Transfer Services in Europe
| Service | Key Point |
|---|---|
| Wise | Low fees and real exchange rates |
| Regency FX | Best for large transfers |
| Airwallex | Ideal for international business payments |
| Revolut | Multi-currency accounts with fast transfers |
| PaySend | Flat fee transfers to 170+ countries |
| CurrencyFair | Peer-to-peer exchange with competitive rates |
| OFX | No transfer fees, good for high-value transfers |
| XE Money Transfer | Trusted brand with wide global reach |
| Remitly | Fast delivery options for remittances |
| WorldRemit | Mobile-friendly transfers to 130+ countries |
10 Best Money Transfer Services In Europe
1. Wise
Wise, formerly known as TransferWise, is a leading money transfer service in Europe, popular for its transparency and low fees. It uses real exchange rates without hidden charges, making international transfers cheaper than traditional banks.
Wise supports transfers in over 80 countries and multiple currencies, ensuring fast delivery. Users can send money to bank accounts or mobile wallets with ease.
The platform is user-friendly, accessible via web and mobile apps, and offers business accounts for international payments.
Wise is particularly favored by freelancers, expatriates, and businesses looking for reliable, cost-effective cross-border payments.
Featres Wise
Global Availability – Over 70+ countries and registered under the UK FCA.
Transparency In Pricing – No hidden markups and utilizes mid-market exchange rate.
Accounts In Multiple Currencies – Instant transfer switching and holding off 40+ currencies.
*Quick(er) Transfers – Arrives within seconds some payments, however, some payments take 2 days.
| Pros | Cons |
|---|---|
| Transparent fees with mid-market exchange rates | Transfer speed can be slower compared to instant services |
| Supports 50+ currencies worldwide | Not ideal for very large transfers |
| Easy-to-use app and website | Limited cash pickup options |
2. Regency FX
Regency FX is one of the most reliable money transfer services and currency exchange services in Europe for both individuals and companies.
With competitive and personalized exchange rates and services, they provide safe and instant international money transfers and spot contracts.
Regency FX strives to provide a large number of countries with international money transfers to avoid the time-consuming transfer delays that banks often impose.
They have an online personalized tracking to monitor funds transfers in real time, and provide advanced money transfer services.
Regency FX is one of the most trusted companies for professional foreign exchange because of their strong compliance and transparency.
Featres Regency FX
No Fees – No additional charges, however, a cost is added to exchange margins.
Large Transfers – Good, primarily for business payments or purchasing properties.
Account Management – Each client is assigned personalized services.
Exchange Rate Protection – If a rate is agreed upon, it is fixated and not prone to change.
| Pros | Cons |
|---|---|
| Specialized in large transfers with competitive rates | Not designed for small, everyday transfers |
| Personalized customer service | No mobile app, less convenient for casual users |
| No hidden fees | Limited global coverage compared to bigger players |
3. Airwallex
Airwallex is a cross-border payment service and global account service for businesses expanding abroad and operating in the fintech services sector. They have fast transfers to over 130 countries for a low transaction fee and with competitive rates.
They allow businesses to hold different currencies in the same account and their payment automation services allow businesses to process high volumes of transactions efficiently.
Advanced API integrations and the provision of multi-currency cards for corporate spending on corporate expenses makes for a better expense management.
AMong competition, Airwallex is exceptional for efficiently and transparently providing scalable services, making them a great choice for small and medium businesses and large companies trying to operate efficiently.
Featres Airwallex
System Integrations – Compatible to work with tools such as Xero, Shopify, etc.
Mainly for Businesses – Created for companies that need to manage payments globally.
Accounts In Multiple Currencies – Collect, hold, and pay in various currencies.
Offers Good Rate on Foreign Exchange – No commission for monthly payments.
| Pros | Cons |
|---|---|
| Great for businesses with multi-currency accounts | Not tailored for personal remittances |
| Integrates with platforms like Shopify & Xero | Requires business registration for full features |
| Low FX margins for companies | Complex setup compared to consumer apps |
4. Revolut
Offering multiple banking services, Revolut is a digital banking platform available across Europe, allowing for seamless transfer of funds across borders, while also allowing for instant money transfers across multiple currencies (more than 30 different currencies).
Think of crypto investments and budgeting features, and a multifunctional card for convenient global spending and withdrawals, and save for example on exchange costs, and minimal transfer spendings
Whether for personal transfers, or business transfers Revolut is a great partner – and most applicable for small businesses.
Additionally, the worldwide banking system offered by Revolut facilitates modern travel for world nomads, modern travelers, and people of the other digital world.
Featres Revolut
Popularity Over 65 million users.
Instant Transfers – Payments are executed immediately.
Multiple Currency Wallets – Store and trade with more than 30 currencies.
Additional services It has stock investments, trading for cryptocurrency, and financial planning.
| Pros | Cons |
|---|---|
| Multi-currency accounts with instant transfers | Premium features require subscription |
| Strong mobile app with budgeting tools | Exchange rate markups on weekends |
| Supports crypto and stock trading too | Customer support can be slow |
5. PaySend
One of the most groundbreaking services PaySend provides is the lightning-fast ability of their customers to send funds to bank cards, bank accounts, or mobile wallets, anywhere in the world in under a minute.
Numerous clients are attracted to the company due to their low, flat fees and beneficial international money transfer rates. PaySend sends and receives money in over a hundred different countries at the same time.
Their users love the easy to navigate platform whether they are on the mobile or desktop version of the platform.
They also love the fact that their money transfers are backed by the highest level of security and encryption available today. It is also a great product for consumers wishing to send money to family and friends in other countries.
Featres PaySend
Quick Transfers to 170+ countries.
Flat fee One pound for transactions.
Card payments Transfers to any debit or credit cards internationally.
Quick Transfers under 10 minutes to 85% of recipients.
| Pros | Cons |
|---|---|
| Flat fee transfers (usually €1–€2) | Exchange rates not always the best |
| Covers 170+ countries | Limited business features |
| Fast card-to-card transfers | Transfer limits for new users |
6. CurrencyFair
CurrencyFair is a peer-to-peer currency exchange service that matches users directly to one another so that they can get better rates than those offered by traditional financial institutions.
It keeps rather low fees and provides users with transparent service. Users can transfer money to more than 150 countries and have a variety of delivery options.
CurrencyFair provides personal and business accounts which is ideal for expatriates and businesses that need to make payments abroad on a regular basis.
The service is quick and safe. Thanks to innovative regulatory compliance and CurrencyFair’s peer-to-peer system, users no longer have to pay high fees for cross-border payments and can maintain seamless control and transparency over their costs.
Featres CurrencyFair
20+ currencies Supported, focused, and streamlined.
P2P Exchangers Rate matching with other users.
FX Comparisons Offering lower rates than banks for FX direct transfers.
Safe Regulated as a financial services company.
| Pros | Cons |
|---|---|
| Peer-to-peer exchange with competitive rates | Transfers may take longer to match |
| Transparent pricing | Not ideal for urgent transfers |
| Supports 20+ currencies | Limited global reach compared to Wise or Revolut |
7. OFX
OFX is an experienced international money transfer service that helps individuals and businesses move large amounts of money abroad. It has low cost and provides good exchange rates for big transations.
OFX support 55 currencies and allows users to set up forward contracts and limit orders to mitigate risk. OFX has an online platform and mobile app which to helps users send and track payments easily.
OFX also has customer support available to assist users with more complicated money transfers. OFX is a good option for expatriates, importers, exporters and anyone needing secure international money transfer services due to ther regulation, security and reliability.
Featres OFX
Anytime 24/7 Customer Service.
Free of charge No transfer fee.
Many valued Optimal for high value bank-to-bank transfers.
Global Large coverage with 50+ currencies in 170+ countries.
| Pros | Cons |
|---|---|
| No transfer fees | Minimum transfer amount applies |
| Strong for high-value transfers | No instant transfers |
| 24/7 customer support | Limited small transfer options |
8. XE Money Transfer
XE Money Transfer is primarily regarded for their services with currency exchanges and transfers across the globe.
For transfers over a specified amount, XE charges no fees, and for larger transactions, their rates of exchange become even more appealing.
Personal and corporate transfers become a more viable option with these greater exchange rates. XE also transfers to over 60 foreign currencies and transfers money to other countries more rapidly than the competition.
Their platform even allows the creation of contracts to “lock in” a currency exchange to hedge against fluctuations.
For years, XE Money Transfer has provided services to customers. Individuals and corporations looking for a safe and professional international money transfers seek the services offered by XE Money Transfer.
Featres XE Money Transfer
Free Transfer costs are only embedded within the exchange.
Respected 30+ years in the industry.
Extensive Over 190 countries and 130 currencies.
Charge to lock Advanced charting systems with lock features.
| Pros | Cons |
|---|---|
| Trusted global brand | Exchange rates can include hidden margins |
| Wide currency coverage | Transfers not always the fastest |
| No transfer fees | Interface less modern than competitors |
9. Remitly
Remitly is a digital remittance service crafted to send money quickly to friends or family overseas. Users can send money oversea to friends or family quickly as Remitly gives users a real time tracking option to keep conact with their transaction.
The service is tailored to people geting passage to a new country to find a new job. Remitly is laced with encrytion to keep your transactions safe.
Remitly is a service that people love because if its low fees, good rates, fast transactions, and a multitude of transaction a delivery service if its to a bank a mobile wallet or even a cash pick up. Overall Remitly is a good dependabe service.
Featres Remitly
Available across Europe – Over 15+ countries in Europe.
Fast delivery options – Express transfers arrive in a matter of minutes.
Multiple payout methods – Bank transfers, currency exchange, mobile cash.
Focused on remittances – Designed specifically for sending money to relatives overseas.
| Pros | Cons |
|---|---|
| Fast delivery options (Express transfers) | Higher fees for instant transfers |
| Strong focus on remittances | Not ideal for large business transfers |
| Cash pickup available in many countries | Exchange rates less competitive than Wise |
10. WorldRemit
WorldRemit is an online money transfer service that is quick, reliable, and cost-efficient. They have operations all over the world and have partnered with over 150 different countries.
With the ability to make transfers to a bank, mobile wallet, and even via cash withdrawals, the service is designed with the clients in mind to make the process as seamless as possible, no matter the destination.
They attempt to make money transfers as cost-effective as possible and also provide information regarding the differing exchange rates that may occur.
They focus on affordability, safety, and speedy service and have become a popular choice for overseas workers, students, and anybody supporting family/friends living in other countries.
Featres WorldRemit
Transparent fees – Flat fee per remittance, depending on transfer route.
Mobile-first platform – Quick transfers through an accessible application.
Multiple payout options – Cash, mobile money, airtime, and deposited in a bank.
Global coverage – Transactions in over 130 countries.
| Pros | Cons |
|---|---|
| Mobile-friendly platform | Fees vary depending on country and method |
| Cash pickup, mobile money, and bank transfers supported | Not the cheapest for large transfers |
| Covers 130+ countries | Transfer limits may apply |
How To Choose Best Money Transfer Services in Europe
Fees comparison: Consider the initial fees as well as any hidden fees due to the currency exchange or other factors.
Exchange rate comparison: Some services (like Wise) give mid-market exchange rates. Others may take a percentage.
Speed of transfer: Determine whether you want to use instant services (like Remitly Express) or are willing to use cheaper services that may take a few days.
Safety & Compliance: Make sure the provider holds a license for the European Economic Area such as the of the FCA, BaFin, etc. for protection against fraud.
Availability & delivery methods: Some services focus on bank to bank transfers, while others allow for delivery via cash withdrawal, use of mobile wallets, or other methods.
User friendliness: A well designed mobile app or website can make the transfer process painless.
Conclusion
To conclude, Europe has a selection of trustworthy money transfer services that satisfy different requirements. Wise and PaySend fare the best with affordable prices and transparency.
Airwallex and OFX are the best for businesses, while Remitly and WorldRemit are the fastest for sending money.
Forex services are more competitive with services like Revolut and CurrencyFair. Customers can decide on the speed, cost and the reason for the transfer.
FAQ
Wise and PaySend are generally the most cost-effective due to low fees and transparent exchange rates.
Remitly, WorldRemit, and PaySend offer near-instant transfers to many countries.
Yes, Airwallex, OFX, and Regency FX are designed for business and high-value transfers.
Yes, all are regulated, encrypted, and compliant with European financial laws.
Wise, Revolut, and Airwallex allow holding and converting multiple currencies.
