MyCurrencyTransfer
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Transparent & Unbiased Comparisons

How we compare
money transfer providers

Our methodology is designed around one simple goal: show you exactly how much money will arrive in your recipient's account.

Real-Time
Rate updates
FCA
Regulated only
100%
Independent rankings
14+ Years
Trusted service
Step 1

Data Collection

We collect exchange rate and fee data directly from money transfer providers through multiple channels to ensure accuracy:

Direct API Integrations

Real-time data feeds from partner providers, updating rates multiple times per day. This gives us live pricing that reflects what you'll actually pay.

Manual Verification

Our team conducts regular spot-checks against provider websites to verify the accuracy of displayed rates and catch any discrepancies.

Provider Submissions

Providers notify us directly when they update fees or change their pricing structure. This helps us maintain current information.

Step 2

Our Calculation Method

When you search for a transfer, we calculate the total cost by factoring in three key components:

1

Exchange Rate Margin

The difference between the provider's rate and the mid-market rate

2

Transfer Fees

Any fixed or variable fees charged by the provider

3

Amount Received

The final amount your recipient will receive after all costs

The ranking metric that matters

We rank providers by the total amount received, not by exchange rate or fee alone. This ensures the best overall value always appears at the top, regardless of how providers structure their pricing.

Key Concept

The Mid-Market Rate

The mid-market rate (also called the interbank rate) is the midpoint between buy and sell prices of two currencies on global markets. It's considered the "true" exchange rate.

Most providers add a margin to this rate, which is how they make money. Our comparison clearly shows how each provider's rate compares to the mid-market rate, so you can see exactly what you're paying.

Banks typically charge 3-5% above the mid-market rate. Specialist providers often charge less than 1%.

Standards

Provider Selection Criteria

Not every money transfer company appears on our site. We only feature providers that meet our strict standards:

FCA Regulated

Authorised by the Financial Conduct Authority or equivalent regulator

Established Track Record

Operating for at least 2 years with proven reliability

Transparent Pricing

Clear pricing with no hidden fees or surprise charges

Secure Operations

Segregated client accounts and robust security measures

How we make money

MyCurrencyTransfer is a free service. We earn commission from providers when you use our site to make a transfer. This is how we keep the service running without charging you anything.

Our rankings are never influenced by commission

Provider rankings are determined algorithmically based solely on value to you. A provider paying us higher commission will not appear higher in our results.

How often we update

Data Type Update Frequency
Exchange Rates Multiple times daily
Provider Fees Weekly or when changed
Provider Reviews Quarterly
Country Guides Monthly

Questions about our methodology?

If you have questions about how we compare providers or spot any inaccuracies, please let us know. We take accuracy seriously.

Contact Us

Last updated: December 2025

FCA Regulated
All providers vetted
600,000+
Users helped
10+ Years
Trusted service
100% Free
No hidden fees