Moneycorp Review

Moneycorp Review Summary

Moneycorp is a Foreign exchange company that handles a variety of transactions. They offer customers convenience in doing business with them. They have websites for most countries and telephone support. They also have a debit card and can conduct transactions over the internet. The moneycorp website also allows customers to transfer funds directly from their bank account, so they can avoid paying for a fee if they do not live in the UK. For urgent issues, they can also email support representatives. Their wide disbursing and sending networks make it easy to send money anywhere in the world. The company also offers business payment solutions. They can help you send and receive large sums of money. They can handle foreign currency transfers for mortgages, large purchases, and other transactions.

Moneycorp review
Moneycorp Features

Moneycorp Year Established

1962

Moneycorp International Clients

Moneycorp accepts international clients.

Moneycorp Age requirement

18 years

Moneycorp Currencies Offered

161 online

Moneycorp Minimum Transfer

50 USD/GBP/EUR

Moneycorp Transfer Fees

none

Moneycorp Office Locations

Headquarters in US, with subsidiary offices and certified agents literally across the globe.

Moneycorp Employees

760

Moneycorp Turnover

54000000

Moneycorp Regulation

Financial Conduct Authority(FCA)

Moneycorp Fees

Moneycorp transfer fees are none.

Fees with Moneycorp may vary per transfer, depending on method of sending, currencies and amount. Based on World Bank statistics, the fixed fee can be as high as 19 Pounds for 120 Pound transfer to Ethiopia (source).

Additionally to the fixed fees taken by Moneycorp, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Moneycorp Client Rating

Moneycorp has a rating of 3.

Number of Moneycorp customers

15000000

Moneycorp Website

www.moneycorp.com

Moneycorp Supported Languages

Moneycorp Review

Moneycorp review
Pros and Cons of Transferring Money with Moneycorp

Most of the time money transfers with Moneycorp will be smooth. Each money transfer service have their own benefits and isses, so always weigh the pros and cons of sending money with Moneycorp money prior to submitting an application to Moneycorp.

Can you easily afford the Moneycorp fees, are the exchange rate costs reasonable with Moneycorp?

Moneycorp review
Moneycorp Advantages

  • Moneycorp has been in business over 4 years
  • Moneycorp offers PayPal as a payment method
  • Moneycorp offers Neteller as a payment method
  • Moneycorp offers Skrill as a payment method
  • Moneycorp is availble in many international countries.
  • Moneycorp offers a wide range of money transfer currency options.
  • Moneycorp offers phone support.
  • Moneycorp offers email support.
  • Moneycorp offers an Apple iOS mobile application.
  • Moneycorp offers an Android Google Play Store mobile app.

Moneycorp review
Moneycorp Disadvantages

  • Moneycorp does not offer PayPal as a payment method
  • Moneycorp does not offer Neteller as a payment method
  • Moneycorp does not offer Skrill as a payment method
  • Moneycorp does not offer a mobile wallet.
  • Moneycorp does not offer Home delivery for money transfers.
  • Moneycorp does not offer Cash pickups for money transfers.
  • Moneycorp does not offer Money orders.
  • Moneycorp does not offer Livechat support.

What Is Moneycorp?

Moneycorp is a financial service company, that offers its clients money transfer services.

Moneycorp was founded in 1962 by Lee McDarby and has offices in London, GB.

Moneycorp provides money transfer services to its 15000000 customers who are from all over the world including 190 countries.

The London, GB Moneycorp business was founded in 1962 to deliver money orders locally and internationally.

Do Moneycorp Offer Money Transfer?

Money transfer businesses, or other financial corporations use EFT (electronic funds transfer) to send money across distances, large or small. That is to say that it is not actual money being sent, it is rather data that represents the amount being sent that the recipient can withdraw whenever they wish.

Is Moneycorp Trusted And Established?

Moneycorp is among the most recognized and reputable money transfer platforms. It has an exceptional track record and offers reasonable rates.

Moneycorp was established in 1962 in London, GB, and has been in operation for around 60 years Moneycorp have a head office in London, GB.

Moneycorp review
How much does it cost to send a Moneycorp Transfer?

Moneycorp money transfer exchange rates are quite minimal compared to banks and other money transfer providers. A minimal percentage is charged on top of the exchange rate as standard practice. Moneycorp only charges none, when compared to other money transfer service providers.

Moneycorp review
How much can I send with Moneycorp?

The maximum transfer amount with Moneycorp is up to none (or its currency equivalent) online.

While Moneycorp charges a small percent of transfer fees, the brand offers reasonable exchange rates.

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Moneycorp Money Transfer Terms and Conditions

When transferring money with Moneycorp, it is crucial to keep tabs on the following:

  1. Moneycorp Speediness. Often the need to money transfer may be urgent and time critical.
  2. Moneycorp Reliability and reputation. The safety of money and personal information can be a concern for those wanting to use international money transfer services to send money.
  3. Moneycorp Transaction charges. Transaction charges are important as the majority of customers wish to send money overseas without having to worry about paying excessive charges.
  4. Moneycorp Ease of use, and convenience. Your money transfer platform should be flexible and offer a good range of options and features, making it more convenient for customers to send money overseas.
  5. Moneycorp Customer service. Because one can often run into problems when transferring money. A money transfer platform with excellent customer service could solve a lot of problems. Moneycorp customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Moneycorp review
How Moneycorp Compares To Other Money Transfer Companies

NameMoneycorpXE Money TransferWise
Usedby1500000028000000011000000
Transfer Time2-3 business days1-4 business days1-2 business days
Min Transfer50 USD/GBP/EURUS$1.00US$1.00
Max TransfernoneUS$500,000.00 (or equivalent)US$1,000,000 (varies based on currency)
Payment Methodsdebit card via our online platform or a wire transfer, cashBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Moneycorp review
Moneycorp Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Moneycorp or imposed by Moneycorp. Your Moneycorp money transfer transaction may be cancelled if it is demmed to be connected with prohibited activities including all applicable laws regarding anti money laundering or counter terrorism financing laws. or the transaction is actioned through unauthorised use of your Moneycorp account.

Moneycorp review
Moneycorp Fees & Exchange Rates

Several money transfer platforms like Moneycorp charge money for every money transfer a customer makes through their platforms. Other than that, every time an individual exchanges money from one particular currency to another, the money transfer operator in this case Moneycorp may charge for a currency exchange.

Moneycorp review
Moneycorp Transfer Fees

A transfer fee is the sum of money that a money transfer operator like Moneycorp charges a customer for transferring money to a recipient. The amount charged depends on the operator charging it.

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Moneycorp Exchange Rate Margins

Exchange rate margins are how Moneycorp, banks and other financial corporations make profit off their services instead of charging customers with commission fees.

When a bank or a money transfer service like Moneycorp quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Moneycorp to see what their exchange rate margin is.

Moneycorp review
Moneycorp Methods to Transfer Funds

A Moneycorp fund transfer is when someone sends money from their account to another person's account. Money can be transferred using different methods, e.g. online, via the phone, or a mobile app.

The methods to transfer funds are:

  • Manual EFT
  • Automatic EFT
  • Bill payment
  • Correction

Moneycorp enables users to transfer money using bank transfer, via none.

Moneycorp review
Moneycorp Currencies Supported

Money transfer operators that offer more currency options are beneficial because they make for reduced conversion fees. This way customers do not have to pay exorbitant conversion fees when transferring money.

Moneycorp offers every available world currency to its customers. We list the major Moneycorp supported currencies below.

Moneycorp Money Transfer Currencies
NameCurrencies
AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYN, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PRB, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, SSP, STD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW
AED, BDT, BHD, BTN, HKD, IDR, ILS, INR, JOD, JPY, KWD, LKR, MYR, NPR, OMR, PHP, PKR, QAR, RUB, SGD, THB, TRY, TWD, VND, BAM, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, NOK, PLN, RON, RSD, SEK, BBD, CAD, CRC, DOP, GTQ, HNL, JMD, MXN, TTD, USD, XCD, AUD, FJD, NZD, TOP, WST, ETB, GHS, GMD, GNF, KES, MAD, MUR, MZN, RWF, SLL, TND, TZS, UGX, ZAR, ARS, BOB, CLP, COP, GYD, PEN, PYG, UYU
AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, FJD, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, UYU, VND, XOF, ZAR, ZMW
AED, ARS, AUD, BDT, BGN, BWP, CAD, CHF, CLP, CNY, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW
AED, EUR, PLN, AUD, GBP, SEK, CAD, HKD, SGD, CHF, HUF, USD, CZK, NOK, ZAR, DKK, NZD
ALL, ARS, EUR, BSD, BDT, XOF, BOB, BRL, BGN, BIF, USD, XAF, CLP, CNY, COP, KMF, CRC, HRK, CZK, DOP, EGP, ETB, FJD, GMD, GHS, GTQ, GNF, GYD, HNL, HUF, INR, IDR, JMD, JPY, JOD, KES, MGA, MWK, MYR, MXN, MAD, NPR, NGN, PKR, PYG, PEN, PHP, PLN, RON, RUB, RWF, SLL, ZAR, KRW, LKR, TSZ, THB, TND, TRY, UGX, UYU, VND, ZMW
USD, AUD, CHF, EUR, HKD, JPY, BBD, BMD, BSD, DKK, GYD, INR, JMD, KYD, MXN, NOK, NZD, SAR, SEK, SGD, TTD, ZAR, GBP
AUD, BGN, CAD, HRK, CZK, DKK, EUR, HKD, HUF, INR, ILS, JPY, JOD, MYR, MAD, NZD, NOK, OMR, PLN, GBP, QAR, RON, SAR, RSD, SGD, ZAR, KRW, SEK, CHF, THB, TRY, AED, USD
AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR
EUR, GBP, USD, CAD

Moneycorp review
Moneycorp Transfer Options

Moneycorp offers the following transfer options:

Moneycorp Money Transfer Options Compared
NameTransfer Options
cash
Bank deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, mobile wallet deposit
Bank deposit, cash pick-up, home delivery, mobile wallet deposit.
bank deposit, cheque, wire transfer, debit card, credit card
Bank deposit, cash pick-up, VISA & MasterCard, ATMs, mobile wallet deposit (depending on country)
Bank deposit
Bank deposit, cash pick-up , door-to-door delivery

Single Payments

’Single payments’ is a term used to recognize a one-time money amount from an allowance. For a single payment, the user may use a single credit card (or debit card) and have a single invoice.

Regular Payments

A regular payment is a highly economical and easy way to transfer money with Moneycorp. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Moneycorp review
Who Moneycorp Services Are Available To

Moneycorp offers services for sixty different currencies across more than one-seventy countries.

The more global a money transfer operator becomes, the more reliable it is for people across the globe.

Moneycorp Country Restrictions

Moneycorp does not operate in the following countries :

  • Afghanistan
  • Aland Islands
  • American Samoa
  • Angola
  • Anguilla
  • Antarctica
  • Antigua and Barbuda
  • Barbados
  • Belize
  • Benin
  • Bhutan
  • Bonaire (including Sint Eustatius and Saba)
  • Bouvet Island
  • British Indian Ocean Territory
  • Burkina Faso
  • Burundi
  • Cape Verde
  • Central African Republic
  • Chad
  • Cocos (Keeling) Islands
  • Comoros
  • Congo
  • Democratic Republic of
  • Congo
  • Republic of
  • Cook Islands
  • Crimea
  • Cuba
  • Curacao
  • Djibouti
  • Equatorial Guinea
  • Eritrea
  • Faroe Islands
  • Fiji
  • French Guyana
  • French Polynesia
  • French Southern Territories
  • Gabon
  • Gambia
  • Greenland
  • Grenada
  • Guadeloupe
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Heard Island and Mcdonald Islands
  • Holy See (Vatican City State)
  • Iran
  • Iraq
  • Ivory Coast (Cote d'Ivoire)
  • Japan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Lao People’s Democratic Republic
  • Lebanon
  • Liberia
  • Libya
  • Macao
  • Mali
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mayotte
  • Micronesia
  • Federated States of
  • Montserrat
  • Myanmar
  • Namibia
  • Nauru
  • New Caledonia
  • Niger
  • Niue
  • Norfolk Island
  • North Korea
  • Northern Mariana Islands
  • Palau
  • Palestinian Territory
  • Papua New Guinea
  • Reunion
  • Pitcairn
  • Rwanda
  • Saint Barthelemy
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Pierre and Miquelon
  • Saint Vincent and the Grenadines
  • Sao Tome e Principe
  • Seychelles
  • Sierra Leone
  • Sint Maarten
  • Solomon Islands
  • Somalia
  • South Georgia and the South Sandwich Islands
  • Sudan (North and South)
  • Suriname
  • Svalbard and Jan Mayen
  • Syria
  • Tajikistan
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Vanuatu
  • Venezuela
  • Wallis and Futuna
  • Western Sahara
  • Western Samoa
  • Yemen
  • Zimbabwe
  • Crimea
  • Cuba
  • Iran
  • Libya
  • North Korea
  • South Sudan
  • Sudan
  • Syria

Certain countries are restricted because Moneycorp is not allowed to legally operate in those regions or it is not economically viable for Moneycorp to provide money services in these regions.

Moneycorp review
Moneycorp International Money Transfers

An International Transfer is when someone sends money from their account in one country to a bank account in another country.

Setting up your Moneycorp money transfer is quick and simple with the modern Moneycorp online platform.

Transferring money internationally used to be a tedious process 10 years ago but advances in software and the internet have made transferring money allot easier.

These days, you can send a money transfer with ease on the Moneycorp website.

The Moneycorp website includes useful and easy-to-access option for those who wish to track their money and monitor when it can be received, providing a safe and accessible option if you'd like to keep an eye on your transfer.

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Moneycorp Minimum Money Transfer

Several money transfer companies do not have a minimum money transfer amount. Making it easy for their users to send small amounts of money. Moneycorp has a minimum transfer amount of 50 USD/GBP/EUR.

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Moneycorp Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Moneycorp does not have a maximum transfer limit when the user is paying through phone. There is however, a none limit per transaction for online transfers.

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Moneycorp Money Transfer Fees and Charges

These are the fees charged by Moneycorp and other money transfer companies (or other financial corporations) for transferring money. Several companies however, do not charge their users for transferring money. The only charges there are to pay are currency conversion charges.

Moneycorp review
How Long Does It Take to Get a Moneycorp Money Transfer

Moneycorp money transfers do not usually take very long. It normally takes less than 24 hours for a money transfer to complete between two accounts with the same financial corporation. While in the case of money transfers with money transfer services like Moneycorp, it can take a little as a few minutes. If the money is being sent overseas, it can take up to five days for the recipient to receive the money from Moneycorp.

Moneycorp review
Moneycorp PLC Status

If a company has the acronym PLC at the end of its name, it means that the business offers its shares to the public and is traded on a public stock exchange. This alone makes the company more reputable. Moneycorp is not a publically listed company. Moneycorp is a privately owned company.

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Moneycorp Money Orders

The charges for issuing money orders with Moneycorp are none.

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Moneycorp Mobile Top Up

Moneycorp offers mobile top ups.Moneycorp mobile top ups are where a user can add credit to a recipient’s mobile phone number. The recipients number has to be local. These are normally processed within minutes, if not seconds.

Moneycorp COVID-19 Help

Some money transfer companies offer COVID-19 financial assistance. This may be in many forms including payment holidays, reduced interest rates and more options to pay. Check with Moneycorp directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Moneycorp Money Transfers Best For

There may be many reasons you are looking to action a money transfer with Moneycorp. These reasons can include debt consolidation, medical bills, student debt, collection agency debt, wedding costs, holidays, home repairs and repaying friends and family.

Moneycorp money transfers are best for people looking for looking for a reliable fast money transfer service.

Moneycorp Guide for Fast Money Transfer Approval

For Moneycorp to be able to process your money transfer application as quickly as possible make sure you have everything Moneycorp need. If you and Moneycorp need to go back and forth it may delay the Moneycorp application process. Make sure every piece of information you give Moneycorp is accurate.

Please note that you must have at least a minimum of one active bank account for Moneycorp to process your money transfer.

Moneycorp Application Time

Application time refers to the amount of time you have to wait for your Moneycorp registration to be approved. This should not take long, especially if you have nothing which should come up as red flag on the Moneycorp system.

Moneycorp Approval Time

It is the time it takes for Moneycorp money transfer operator to approve the money transfer being made. Depending on the situation this can take up to five days.

Moneycorp Funding Time

It is the amount of time it takes for the recipient to receive the money transfer. Once your Moneycorp money transfer has been approved the money should be in your account within four working days.

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Things to Check Before a Moneycorp Money Transfer

Why more features are useful for modern life’s and why new challenger banks are starting to beat traditional banks.

Here are a number of important things to consider before considering Moneycorp money transfer:

  1. Reliability and safety
  2. Making preparations before the transaction
  3. Convenience
  4. Transfer and conversion rates
  5. The quality of the customer service offered

Moneycorp review
Moneycorp Customer Support

Moneycorp support should be there to help customers with their issues which includes answering their queries, guiding them through and difficult processes and issues when transferring money. Moneycorp customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

When getting a Moneycorp money transfer you will want to speak to a Moneycorp representative in a language that you are comfortable with. All your Money Transfer queries and issues should be resolved quickly.

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Does Moneycorp Offer Live Chat?

Customers can reach out to Moneycorp through live chat to resolve Moneycorp money transfer account issues or difficulties with their Moneycorp account that they can't solve. Live chat, or live support is a real-time live chat feature used by customer support representitives allowing customers to instant message to and receive guidance from a trained agent regarding a your money transfer related query.

Moneycorp review
How does Moneycorp Compare with Other Money Transfer Companies?

When deciding upon a money transfer company like Moneycorp you will want to know how Moneycorp compares with other leading online money transfer companies. See how Moneycorp compares below.

  1. Visit Moneycorp alternative XE Money Transfer

    Used By: 280000000
    Currencies Available: 76
    Transfer Fees: none
    Payment Methods: Bank transfer, credit card, debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$500,000.00 (or equivalent)
    Year Founded: 1993

  2. Visit Moneycorp alternative Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  3. Visit Moneycorp alternative Wise Business

    Used By: 11000000
    Currencies Available: 55
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  4. Visit Moneycorp alternative Wise Multi-Currency Account

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 1 USD
    Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
    Year Founded: 2011

  5. Visit Moneycorp alternative CurrencyFair

    Used By: 150,000
    Currencies Available: 17
    Transfer Fees: 0.45%
    Payment Methods: Bank transfer, debit card
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: £5.00 (or equivalent)
    Max Transfer: £10,000,000.00 (or equivalent)
    Year Founded: 2009

  6. Visit Moneycorp alternative Remitly

    Used By: 3000000
    Currencies Available: 63
    Transfer Fees: 0-3.99$
    Payment Methods: Bank transfer, credit/debit card
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$20,000.00
    Year Founded: 2011

  7. Visit Moneycorp alternative Scotiabank

    Used By: 25,000,000
    Currencies Available: 23
    Transfer Fees: none
    Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 10000 USD
    Year Founded: 1832

  8. Visit Moneycorp alternative Skrill

    Used By: 120,000
    Currencies Available: 33
    Transfer Fees: none
    Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$1.00 (varies based on certain currencies)
    Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
    Year Founded: 2001

  9. Visit Moneycorp alternative MoneyGram US

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 0-1.99$
    Payment Methods: pay by card or directly from your bank account
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: none
    Max Transfer: 3000 USD
    Year Founded: 1940

  10. Visit Moneycorp alternative Xoom

    Used By: 250000000
    Currencies Available: 4
    Transfer Fees: 0$-40$
    Payment Methods: Bank transfer, debit/credit card, PayPal balance
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: US$10.00
    Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
    Year Founded: 2001

Moneycorp review
Moneycorp Website and Mobile Apps

Moneycorp has a website available online but it may be useful to manage your Moneycorp account from your mobile device like your tablet or phone.

Moneycorp offers an Android mobile application on the Google Play store.

Moneycorp offers an Apple IOS mobile application for iPhones and iPads allowing Moneycorp to users to check their Moneycorp accounts on their iOS mobile devices.

Moneycorp review
Moneycorp Deposit and withdrawal Methods

Moneycorp offers the following Money Transfer payment methods: debit card via our online platform or a wire transfer, cash. All of significant bank systems are all acknowledged with Moneycorp.

Moneycorp offers ACH Payment which is used for direct deposit and debit transfers within the US. It is similar in nature to BACS (for the UK) and EFT (for Canada). Users can pay through bank transfer.

The recipient will receive the money in their bank account and can withdraw it using the method they prefer. They cannot, however, receive the money in the form of cash.

Take note that Moneycorp may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Moneycorp.

Moneycorp review
Is My Money Safe With Moneycorp?

Moneycorp is a reliable, secure, and trusted option for sending money overseas. Moneycorp are registered and regulated with the Financial Conduct Authority(FCA).These regulatory licenses have strict rules that are enforced. These regulations safeguard the funds entrusted to them by Moneycorp customers.

Moneycorp review
Moneycorp Financial Regulation and Safety of Moneycorp Funds

Every business that wants to send money across borders (in excess of €3 million per month) must be licenced under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, both of which were created by the UK government but executed by the FCA for UK residents.

Consumer credit, in simple terms, is credit offered to individuals so they can purchase goods or cover personal expenses. It does not cover long term investments such as purchasing property. It allows for a properly managed economy to function and further encourages economic growth.

Firms like Moneycorp that offer money transfer to retail customers are legally considered to be offering consumer credit.

A financial regulator ensures that consumers are protected, there is fair competition in the money transfer industry and the integrity of the Financial services industry as a whole is maintained.

Getting a money transfer with a regulated company is essential as it offers an increased level of protection than a money transfer from an unregulated one. This is because regulators are able to enforce strict rules and stop unscrupulous money transfer operators.

Laws differ on who can and cannot offer consumer credit in each country. Credit firms have strict rules that they must follow in order that they are legally allowed to transfer money to consumers. These laws are in place to protect consumers becoming trapped in a money transfer they can never pay off.

Be sure that Moneycorp is fully licenced as a money transfer company.

Moneycorp review
Moneycorp Payment Services Regulations and Moneycorp

The Payment Services Regulations Directive, is run by the European Commission in order to govern payment services and their providers across the European Union as well as the European Economic Area.

One of its goals has been to make foreign currency transactions transparent, much like currency payments. This is to protect consumers and businesses from being swindled.

What is the Financial Conduct Authority?

The FCA is a control body meant to license money transfer companies. Companies such as banks, Forex brokers, and money transfer operators are monitored the most. This is because they deal in situations that involve many intricacies, such as transferring money and offering loans, etc.

All reputable money transfer businesses that operate within the United Kingdom by law have to be registered and authorised as a payment institution by the Financial Conduct Authority (FCA) to comply with the Payment Services Regulations that were introduced in 2017.

Check Moneycorp is financially regulated. Moneycorp is regulated by the Financial Conduct Authority (FCA).

This makes sure that your Money Transfer agreement is above board and safe. In Addition, it Usually Means that Moneycorp Possess a responsibility of care to their clients.

Is Moneycorp Registered as a Money Service Business with HM Revenue & Customs

Financial institutions (which do not classify as banks) which convert and transmit money like Moneycorp are known as Money Service Businesses. While they provide services similar to banks, they are still not considered banks. They offer more varied product options to individuals looking to transmit or convert money.

Financial authorities tend to keep tabs on Moneycorp and other Money Service Businesses the most because the type of services they offer can leave them vulnerable to be used in financial crimes like money laundering. This is why it is crucial for them to be registered with the HM Revenue and Customs in the United Kingdom.

Moneycorp Segregation of Client Funds

Moneycorp as part of their regulation are required to segregate client funds from Moneycorp company funds and keep all client funds within a bank that is authorised as a credit institution by the regulator. All client funds should be kept in the most reputable third-party financial institutions such as Barclays or the Bank of America.

Moneycorp regulatory requirements mean that Moneycorp Money Transfer funds and your funds should be totally separate. Moneycorp cannot use any money that is still legally yours to conduct Moneycorp daily business like paying Moneycorp suppliers and costs. Your funds should be kept by Moneycorp in a segregated bank account.

Moneycorp Regulation Checklist

  • Check whether Moneycorp has authorisation to offer consumer credit
  • Check the type of activities that Moneycorp are allowed to conduct with their authorisation
  • Check the contact details, trading names and main business of Moneycorp list on their website and the regulator match.

Moneycorp Fraud Prevention Features

Fraud prevention is highly crucial when transferring money because once the money is gone, it's gone. Scammers most often gravitate towards money transfers. Lack of fraud prevention procedures can lead to loss of funds, or even identity theft.

Moneycorp goes to great lengths to protect your Moneycorp account from fraudulent use. We explain some of Moneycorp anti-fraud features below:

  1. Moneycorp has SSL encryption that protects the customer's private information.
  2. Moneycorp has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Moneycorp platform has a bespoke monitoring system that helps to detect and prevents fraud.

Automated Transaction Confirmations

Having instant notifications turned on is not only convenient because the user is instantly alerted whenever there is a payment related activity on their Moneycorp account, as you are instantly aware of every Moneycorp transaction these notifications to your phone help you to keep tabs on any suspicious activity.

After conducting a transaction with Moneycorp, the Moneycorp accounts primary contact will receive a transaction confirmation confirming the transaction amount, rate exchange applied, and Moneycorp delivery instructions.

Moneycorp Monitors Your Account for Suspicious Transactions

Moneycorp has systems and controls in place to detect fraudulent activity and protect Moneycorp client accounts from misuse. If Moneycorp detect a questionable transaction on your Moneycorp account, Moneycorp will contact you to verify the transactions legitimacy to ensure your Moneycorp funds are safe.

How Does Moneycorp Make Money?

Moneycorp and other money transfer companies often charge their customers a certain amount of interest fees on every transaction made. The fees depend on the amount of money the customer wishes to transfer. Moneycorp also earn money via foreign exchange rates.

Money transfer companies like Moneycorp and banks need to survive, so they make money on interest from accounts and money transfers.

Moneycorp Frequently Asked Questions

We list some of the most frequently asked Moneycorp questions below.

Is there a limit to how much I can transfer with Moneycorp?

You can transfer up to none at a time.

When will I receive my Moneycorp transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Moneycorp transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 44 20 7589 3000.

How old do you have to be to sign up to a Moneycorp account

To signup to a Moneycorp account you will need to be at least 18 years old.

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Is Moneycorp a Scam?

Moneycorp have been in operation since 1962 and have over 15000000 customers and 760 employees. Moneycorp is not a scam.

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Sending money online with Moneycorp

Sending money with Moneycorp is a single process once you have registered and verified your Moneycorp account and payment methods.

  1. Go to the Moneycorp website
  2. If you have a Moneycorp account you can log in, otherwise you will need to create a new account.
  3. Decide how much you would like to send and where you want to send it to.
  4. Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data.
  5. Tell Moneycorp how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Moneycorp exchange rate and any fees.
  7. Pay for your Moneycorp transfer.
  8. Enter your information and provide and supporting documentation to verify your identity.

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How do I receive money from a Moneycorp money transfer?

Depending on where you are located, you have a few options for how you can receive any money that has been sent to your Moneycorp account. Your options for receiving money depend on the information entered by the sender, the country you are in, the currency you are receiving, and some other factors. Some methods of receiving money may not be available to you.

Receive Moneycorp money directly into a bank account

Bank transfers are useful because not only are they safe, but the whole process is quick, and they offer the kind of flexibility no other method can. Moneycorp allows for a deposit directly into your bank, credit union or other financial account.

Moneycorp Cash Pickup

Some money transfer companies have agents around the world, and you will need to take identity documents to receive cash. Money is typically available within ten minutes of being sent. Moneycorp allows you to pick up money in person at a Moneycorp agent location.

Moneycorp Smart Money and mobile wallets

A mobile wallet virtually stores cash card details on a smartphone. These are quite convenient as they allow for users to make purchases at physical stores without needing to carry money.

Moneycorp Does not support mobile wallets.

Moneycorp Home delivery

It is a way for an individual to receive money without having to leave home. What this means is that any money you send can be received in person at a designated home address. The money is delivered by a local agent. Moneycorp do not offer home delivery money transfers.

When was Moneycorp founded?

Moneycorp was founded in 1962.

Is Moneycorp Any Good?

Moneycorp have a rating of 3 and are financially regulated, Moneycorp can be considered a good money transfer company.

Is it easy to close my Moneycorp account?

Its is easy to close you Moneycorp account. You will have to make sure any outstanding payments and fees due to Moneycorp are paid in full Before Moneycorp will fully close your account. Make sure when closing your account Moneycorp send you an official confirmation that your account is closed and no more monies are due to Moneycorp.

Does it take long to setup a Moneycorp account?

No, setting up a Moneycorp account can take a few minutes. You will need to provide some proof of identity and address. You should definitely be able to access all the features of your Moneycorp account in 1-3 days.

Where are Moneycorp based?

Moneycorp are based in London, GB

Countries where Moneycorp is legal?

Moneycorp is legally allowed to operate in over 265 countries.

How do I track a Moneycorp Money Transfer

You can track a Moneycorp money order by calling Moneycorp or by tracking the order online. Call Moneycorp number on 44 20 7589 3000. The Moneycorp automated phone system will take a few details and give you a status update. You can go online to the Moneycorp website and check the status of a money transfer at any time.

If you have a Moneycorp online account, log in and view your transaction history; If you do not have an online account, or if you are the receiver of the Moneycorp transaction, use the Moneycorp payment reference number on the Moneycorp website to check the status of the transfer.

Can I cancel my Moneycorp transfer?

The way that you cancel a Moneycorp transfer depends on how you created and sent the Moneycorp money transfer originally.

You may need to contact Moneycorp by phone on 44 20 7589 3000, through their website at www.moneycorp.com or via email [email protected] Requests are typically processed within 30 days, and you may be charged a cancellation fee by Moneycorp.

If you made the Moneycorp transfer online, then you should log in, find the transaction in your transaction history and then cancel it on the 'Transaction Details' page. If you do not have a Moneycorp account, use the 'Track a Transfer tool to find the transaction and then cancel it on the Transaction Details page.

Double check the terms and conditions for cancelling a Moneycorp transfer on their website.