Opal Transfer Review

Opal Transfer Review Summary

Opal Transfer is an online money transfer service that focuses on Eastern Europe. It offers services for online and phone money transfers, and also has a branch in London. If you're looking for a money transfer service that will make it easy to send and receive funds, OpalTransfer is a good choice. The money transfer app is available in English and Spanish and accepts a variety of payment methods. It also features an excellent user interface and multilingual customer service. There are several advantages to OpalTransfer. Its ease of use makes it a great choice for both personal and business use, and it also works with bank accounts, debit cards, and other payment methods.

Opal Transfer review
Opal Transfer Features

Opal Transfer Year Established

2003

Opal Transfer International Clients

Opal Transfer accepts international clients.

Opal Transfer Age requirement

18 years

Opal Transfer Currencies Offered

8 online

Opal Transfer Minimum Transfer

none

Opal Transfer Transfer Fees

3 GBP

Opal Transfer Office Locations

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

Opal Transfer Employees

50

Opal Transfer Turnover

5000000

Opal Transfer Regulation

Financial Conduct Authority (FCA)

Opal Transfer Fees

Opal Transfer transfer fees are 3 GBP.

Fees with Opal Transfer 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 Opal Transfer, the World Bank Statistics reveal that an additional markup of between 1 and 4 per cent is incurred.

Opal Transfer Client Rating

Opal Transfer has a rating of 3.

Number of Opal Transfer customers

300,000

Opal Transfer Website

snip.ly

Opal Transfer Supported Languages

Opal Transfer Review

Opal Transfer review
Pros and Cons of Transferring Money with Opal Transfer

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

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

Opal Transfer review
Opal Transfer Advantages

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

Opal Transfer review
Opal Transfer Disadvantages

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

What Is Opal Transfer?

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

Opal Transfer was founded in 2003 by Gita Petkevica and has offices in London, UK.

Opal Transfer provides money transfer services to its 300,000 customers who are from all over the world including Europe.

The London, UK Opal Transfer business was founded in 2003 to deliver money orders locally and internationally.

Do Opal Transfer 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 Opal Transfer Trusted And Established?

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

Opal Transfer was established in 2003 in London, UK, and has been in operation for around 19 years Opal Transfer have a head office in London, UK.

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

Opal Transfer 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. Opal Transfer only charges 3 GBP, when compared to other money transfer service providers.

Opal Transfer review
How much can I send with Opal Transfer?

The maximum transfer amount with Opal Transfer is up to 500 GBP (or its currency equivalent) online.

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

Opal Transfer review
Opal Transfer Money Transfer Terms and Conditions

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

  1. Opal Transfer Speediness. Often the need to money transfer may be urgent and time critical.
  2. Opal Transfer 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. Opal Transfer 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. Opal Transfer 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. Opal Transfer 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. Opal Transfer customer service should respond to your queries quickly and work with you to resolve any issues that you have.

Opal Transfer review
How Opal Transfer Compares To Other Money Transfer Companies

NameOpal TransferXE Money TransferWise
Usedby300,00028000000011000000
Transfer Timeup to 24 hours1-4 business days1-2 business days
Min TransfernoneUS$1.00US$1.00
Max Transfer500 GBPUS$500,000.00 (or equivalent)US$1,000,000 (varies based on currency)
Payment Methodsdebit card, bank transferBank transfer, credit card, debit cardBank transfer, debit card, credit card, SOFORT transfer
iOS Appyesyesyes
Android Appyesyesyes

Opal Transfer review
Opal Transfer Risk Warning

Any taxes or charges are payable in the destination country. costs may exist that are not paid through Opal Transfer or imposed by Opal Transfer. Your Opal Transfer 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 Opal Transfer account.

Opal Transfer review
Opal Transfer Fees & Exchange Rates

Several money transfer platforms like Opal Transfer 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 Opal Transfer may charge for a currency exchange.

Opal Transfer review
Opal Transfer Transfer Fees

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

Opal Transfer review
Opal Transfer Exchange Rate Margins

Exchange rate margins are how Opal Transfer, 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 Opal Transfer quotes an exchange rate to a customer, they usually take the interbank rate and add an amount known as a margin rate. Check with Opal Transfer to see what their exchange rate margin is.

Opal Transfer review
Opal Transfer Methods to Transfer Funds

A Opal Transfer 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

Opal Transfer enables users to transfer money using bank transfer, via none.

Opal Transfer review
Opal Transfer 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.

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

Opal Transfer Money Transfer Currencies
NameCurrencies
EUR, RUB, HRK, CZK, DKK, SEK, HUF, NOK
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
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

Opal Transfer review
Opal Transfer Transfer Options

Opal Transfer offers the following transfer options:

Opal Transfer Money Transfer Options Compared
NameTransfer Options
Bank deposit
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
cash

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 Opal Transfer. It is best suited for customers who have to transfer regular smaller amounts (usually three, four, or smaller five-digit amounts).

Opal Transfer review
Who Opal Transfer Services Are Available To

Opal Transfer 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.

Opal Transfer Country Restrictions

Opal Transfer 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 Opal Transfer is not allowed to legally operate in those regions or it is not economically viable for Opal Transfer to provide money services in these regions.

Opal Transfer review
Opal Transfer 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 Opal Transfer money transfer is quick and simple with the modern Opal Transfer 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 Opal Transfer website.

The Opal Transfer 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.

Opal Transfer review
Opal Transfer 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. Opal Transfer has a minimum transfer amount of none.

Opal Transfer review
Opal Transfer Maximum Money Transfer

Money transfer companies often do not have maximum transfer limits. For example, Opal Transfer does not have a maximum transfer limit when the user is paying through phone. There is however, a 500 GBP limit per transaction for online transfers.

Opal Transfer review
Opal Transfer Money Transfer Fees and Charges

These are the fees charged by Opal Transfer 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.

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

Opal Transfer 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 Opal Transfer, 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 Opal Transfer.

Opal Transfer review
Opal Transfer 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. Opal Transfer is not a publically listed company. Opal Transfer is a privately owned company.

Opal Transfer review
Opal Transfer Money Orders

The charges for issuing money orders with Opal Transfer are 3 GBP.

Opal Transfer review
Opal Transfer Mobile Top Up

Opal Transfer offers mobile top ups.Opal Transfer 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.

Opal Transfer 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 Opal Transfer directly to see what they are able to offer if you are adversely affected by COVID-19.

Who are Opal Transfer Money Transfers Best For

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

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

Opal Transfer Guide for Fast Money Transfer Approval

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

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

Opal Transfer Application Time

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

Opal Transfer Approval Time

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

Opal Transfer Funding Time

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

Opal Transfer review
Things to Check Before a Opal Transfer 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 Opal Transfer 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

Opal Transfer review
Opal Transfer Customer Support

Opal Transfer 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. Opal Transfer customer support should troubleshoot any issues with you until you get to a resolution that you are happy with.

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

Opal Transfer review
Does Opal Transfer Offer Live Chat?

Customers can reach out to Opal Transfer through live chat to resolve Opal Transfer money transfer account issues or difficulties with their Opal Transfer 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.

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

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

  1. Visit Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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

  11. Visit Opal Transfer alternative Moneycorp

    Used By: 15000000
    Currencies Available: 161
    Transfer Fees: none
    Payment Methods: debit card via our online platform or a wire transfer, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: 50 USD/GBP/EUR
    Max Transfer: none
    Year Founded: 1962

Opal Transfer review
Opal Transfer Website and Mobile Apps

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

Opal Transfer offers an Android mobile application on the Google Play store.

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

Opal Transfer review
Opal Transfer Deposit and withdrawal Methods

Opal Transfer offers the following Money Transfer payment methods: debit card, bank transfer. All of significant bank systems are all acknowledged with Opal Transfer.

Opal Transfer 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 Opal Transfer may charge additional commissions and fees when using certain payment and withdrawal methods. These fees may not necessarily come from Opal Transfer.

Opal Transfer review
Is My Money Safe With Opal Transfer?

Opal Transfer is a reliable, secure, and trusted option for sending money overseas. Opal Transfer 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 Opal Transfer customers.

Opal Transfer review
Opal Transfer Financial Regulation and Safety of Opal Transfer 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 Opal Transfer 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 Opal Transfer is fully licenced as a money transfer company.

Opal Transfer review
Opal Transfer Payment Services Regulations and Opal Transfer

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 Opal Transfer is financially regulated. Opal Transfer 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 Opal Transfer Possess a responsibility of care to their clients.

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

Financial institutions (which do not classify as banks) which convert and transmit money like Opal Transfer 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 Opal Transfer 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.

Opal Transfer Segregation of Client Funds

Opal Transfer as part of their regulation are required to segregate client funds from Opal Transfer 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.

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

Opal Transfer Regulation Checklist

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

Opal Transfer 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.

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

  1. Opal Transfer has SSL encryption that protects the customer's private information.
  2. Opal Transfer has cutting edge technology that monitors almost everything i.e. from logins to transactions.
  3. The Opal Transfer 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 Opal Transfer account, as you are instantly aware of every Opal Transfer transaction these notifications to your phone help you to keep tabs on any suspicious activity.

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

Opal Transfer Monitors Your Account for Suspicious Transactions

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

How Does Opal Transfer Make Money?

Opal Transfer 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. Opal Transfer also earn money via foreign exchange rates.

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

Opal Transfer Frequently Asked Questions

We list some of the most frequently asked Opal Transfer questions below.

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

You can transfer up to 500 GBP at a time.

When will I receive my Opal Transfer transfer?

It normally takes 3-5 business days.

Is it possible to cancel my Opal Transfer transaction?

If you need to cancel your transaction due to any reason, kindly contact us on this number 44 (0)20 8522 7787.

How old do you have to be to sign up to a Opal Transfer account

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

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Is Opal Transfer a Scam?

Opal Transfer have been in operation since 2003 and have over 300,000 customers and 50 employees. Opal Transfer is not a scam.

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Sending money online with Opal Transfer

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

  1. Go to the Opal Transfer website
  2. If you have a Opal Transfer 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 Opal Transfer how the beneficiary wants to get their money. Eg. through a bank transfer, cash pickup, or via some other means.
  6. Agree to the Opal Transfer exchange rate and any fees.
  7. Pay for your Opal Transfer 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 Opal Transfer 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 Opal Transfer 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 Opal Transfer 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. Opal Transfer allows for a deposit directly into your bank, credit union or other financial account.

Opal Transfer 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. Opal Transfer allows you to pick up money in person at a Opal Transfer agent location.

Opal Transfer 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.

Opal Transfer Does not support mobile wallets.

Opal Transfer 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. Opal Transfer do not offer home delivery money transfers.

When was Opal Transfer founded?

Opal Transfer was founded in 2003.

Is Opal Transfer Any Good?

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

Is it easy to close my Opal Transfer account?

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

Does it take long to setup a Opal Transfer account?

No, setting up a Opal Transfer 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 Opal Transfer account in 1-3 days.

Where are Opal Transfer based?

Opal Transfer are based in London, UK

Countries where Opal Transfer is legal?

Opal Transfer is legally allowed to operate in over 21 countries.

How do I track a Opal Transfer Money Transfer

You can track a Opal Transfer money order by calling Opal Transfer or by tracking the order online. Call Opal Transfer number on 44 (0)20 8522 7787. The Opal Transfer automated phone system will take a few details and give you a status update. You can go online to the Opal Transfer website and check the status of a money transfer at any time.

If you have a Opal Transfer 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 Opal Transfer transaction, use the Opal Transfer payment reference number on the Opal Transfer website to check the status of the transfer.

Can I cancel my Opal Transfer transfer?

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

You may need to contact Opal Transfer by phone on 44 (0)20 8522 7787, through their website at snip.ly or via email [email protected] Requests are typically processed within 30 days, and you may be charged a cancellation fee by Opal Transfer.

If you made the Opal Transfer 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 Opal Transfer 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 Opal Transfer transfer on their website.