Best Money Transfer Companies
We have summarized the best money transfer companies in the UK. So, please look and choose the best companies to send your money aboard.
Ria Money Transfer
Here’s our story of how one small store grew to be one of the most extensive money transfer services in the world
- 1987 – The first Ria store opened in New York City with one goal: to help people send money to their loved ones back home
- 1993-2006 – Ria expands to Spain, France, Italy, UK, Germany, Australia, Belgium, and Switzerland
- 2007 – Ria is acquired by Euronet Worldwide, a leader in processing secure, electronic financial transactions
- 2010-2011 – Ria expands to India and Senegal
- 2012 – We’re online! Ria announces RiaMoneyTransfer.com
- 2014 – Walmart partners with Ria to create Walmart-2-Walmart domestic money transfer service. Euronet acquires HiFX, a UK-based foreign exchange broker and payments provider
- 2015 – Euronet developed IME; Ria expanded to the Middle East and Malaysia. Euronet acquires XE, a Canadian-based online foreign exchange tools and services company
- 2016 Walmart partnership expands into Chile through Lider branded supermarkets
- 2017 – Ria celebrates 30 years and opens a new cash payout network in India; Asda Money Transfer Powered by Ria launches in the UK
- 2019 and beyond – Ria expands with more locations and new partnerships to continue serving the people who matter most- our customers
Today: With a worldwide agent network of 397,000 locations in 167 countries (and continually growing), we continue to make the world a smaller place by closing distances between families and their loved ones through world-class money transfer. We also offer bill payment, mobile top-ups, prepaid debit cards, check to cash, and money orders. We work hard to provide the most positive experience with every service. To learn more about Ria and our brick-and-mortar locations, please visit riafinancial.com.
Western Union
Like Ria, Western Union offers transfers to over 144 countries worldwide through multiple payment options, including cash, debit card, credit card, or bank transfers, with the possibility of a cash pickup. They each have a low minimum transfer amount of $1 and offer relatively low maximum transfer amounts of $5,000 for Western Union and $2,999.99 for Ria. While Ria’s rates and fees depend on the part of the money you’re transferring, the location and the method of your transfer, Western Union is known for its high costs and weak exchange rates that can be nearly 5% more than the mid-market rate.
Pros
- Low minimum transfer of $1
- Send money in minutes
- Transfer to over 200 countries and territories across the globe
- Multiple transfer options include paying with cash or your debit card, credit card or bank account
- Cash pickup available
- Trusted provider for over 160 years
MoneyGram
The second-largest international money transfer service globally, MoneyGram transfers funds in over 200 countries and territories to more than 350,000 agent locations worldwide. Both MoneyGram and Ria have low minimum transfer amounts of $1, offer home delivery and cash pickup and have fees that vary depending on payment type and transfer destination. So what is the most significant difference between the two companies? Ria has a lower maximum daily transfer cap of $2,999.99 than MoneyGram’s $6,000 cap.
Pros
- An extensive global network of 350,000 agent locations in over 200 countries and territories
- A large pool of services available for sending, receiving or financing
- Fast transfers, with same-day service in many locations
- Home delivery and cash pickup options
- Low minimum transfer amount of $1
WorldRemit
Both Ria and WorldRemit provide various transfer options in more than 140 countries worldwide, including online, bank-to-bank and cash transfers. With both transfer services, fees vary you are sending funds to and the global exchange rate at your transfer, with low minimum transfer amounts starting at just $1. WorldRemit has a maximum transfer amount of $5,000 — $2,000 higher than tRia’sia’s — and also has the bonus of offering transfers to mobile wallet and mobile airtime accounts.
Pros
- Low minimum transfer amount of $1
- Available in over 140 countries worldwide
- Flexible payment options, including debit or credit card, bank transfer, Android Pay and ApplePay
- Transfers to mobile wallet accounts
- Cash pickup available
- Home delivery available
- Mobile airtime account transfers
Finally, check out the top 10 money transfer companies and visit the link for local money transfers.
