As of February 15, 2020, Transfast stopped accepting and processing online and mobile app money transfers. However, users can still send and receive money through Transfast agent locations, where available.
Alternatives to Transfast
WorldRemit
WorldRemit provides a variety of transfer options in more than 140 countries worldwide, including online, bank-to-bank and cash transfers.
Low minimum transfer amount
Flexible payment options
Varied delivery options including cash pickup
Xe
Xe Money Transfer is a service designed to help you transfer funds to a bank in a foreign currency. It has low fees and no transfer limit.
Wise is a money transfer site designed to help you save on money exchanges through a peer-to-peer system. It allows you to exchange funds with those of another seeking to convert their money to your currency.
Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Review of Transfast’s services when it was operational
Transfast is Best for:
Canadian citizens. Transfast specializes in exchanging US and Canadian dollars into exotic currencies around the globe.
Credit card payment. Unlike many transfer providers, Transfast allows you to pay for your transfer with a credit card.
How much will I pay to send money with Transfast?
Transfast doesn’t advertise a specific fee per transfer on its website, but fees vary based on where you’re sending money, how much you’re sending and your payment method, among other factors.
Exchange rates
Transfast offers competitive exchange rates that it updates daily online. These rates could be be within 1% of the mid-market rate, which means more money in your pocket.
Let’s say that you want to send $1,000 as a graduation gift to your niece in Italy. If the mid-market exchange rate for US dollars to euros is 1 USD = 0.94 EUR, Transfast might offer an exchange rate of 1 USD = 0.92 EUR. Your family member would receive 920.50 EUR, which is a stronger rate than some other online money transfer services might offer.
Rest assured that the exchange rate you see when you initiate your transfer is the rate you’ll get once the process is complete.
What types of transfers does Transfast support?
Transfast only offers one-off transfers. But you can select from a variety of payment and pickup options when sending money overseas.
You can make transfers to the following countries from the US or Canada:
Bangladesh
Benin
Bolivia
Brazil
Canada
Chile
China
Colombia
Costa Rica
Dominican Republic
Ecuador
Egypt
El Salvador
Ethiopia
France
Gambia
Germany
Guatamala
Guinea
Guinea-Bissau
Honduras
India
Indonesia
Ireland
Israel
Italy
Ivory Coast
Jamaica
Kenya
Mail
Mexico
Nepal
Nicaragua
Nigeria
Pakistan
Panama
Peru
Philippines
Poland
Romania
Senegal
Sierra Leone
Slovakia
Spain
Sri Lanka
Thailand
Togo
UK
US
Uruguay
Vietnam
The pros and cons of using Transfast
Pros
Simple transfer process. From start to finish, Transfast strives for easy international transfers for you and your recipient to more than 50 countries.
Competitive exchange rates. Transfast boasts some of the best exchange rates in the business.
Trusted by users. Transfast garners a four-star rating on TrustPilot.
Cons
Limited service. If you’re not a resident of one of the 35 or so US states Transfast services, you’ll need to find another money transfer provider.
No live chat. You’ll need to call or email for questions or help.
No flexible transfer options. Transfast doesn’t offer the flexibility of rate locks, forward contracts or recurring transfers.
How do I send money through Transfast?
Transfast strives for an easy process that you can complete quickly. We were able to sign up and initiate a transfer in 5.5 minutes.
4. Enter your recipient’s information and delivery method. 5. Pay for your transfer via bank account, credit card or debit card. 6. Review and confirm your transaction.
How much can I send with Transfast?
Transfast requires a minimum transfer of $50. The maximum amount that you can send depends on a few variables, including your customer history and the details of your transfer. Frequent Transfast customers are rewarded with higher maximum transfer amounts.
Transfer limits can also vary by the receiving country. While most countries set a limit of $10,000 every 24 hours for new Transfast customers, other countries — including Bangladesh, Chile and Nepal — have a much lower limit of $1,000 or even $500.
If you attempt to send more than the maximum transfer, you’ll see a message in red.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Kelly Suzan Waggoner is a Personal Finance Editor at AOL and the former US editor-in-chief at Finder, where she worked with a talented team of expert writers and editors focused on helping readers to save money, earn money and grow their wealth. She joined Finder in 2016 as an editor, germinating the site from money transfers to include the wide scope of personal finance.
Kelly has worked with publishers, magazines and nonprofits throughout New York City to develop best practices around editorial, SEO, plain language and accessibility, including Black Dog & Leventhal Publishers, HauteLife Press and Queerty. She is quoted on such sites as Lifehacker and CertifiKid, and ghostwrote Copyediting and Proofreading for Dummies, published by Wiley.
Kelly earned a BA in English from Russell Sage College and a Poynter ACES Certificate in Editing from Poynter News University. She is trained in digital and website accessibility and plain language, and is a member of ACES: The Society for Editing and the Center for Plain Language. Between projects, she toys with words, flips through style guides and fantasizes about the serial comma’s world domination. See full bio
Kelly Suzan's expertise
Kelly Suzan has written 40 Finder guides across topics including:
Every money transfer service has different requirements for signing up and initiating a transfer. Find out what information is required to send money overseas.
I want to know if I can send $2500 to Nigeria through Transfast. And, can I go to any of the Transfast outlets to make the transfer because I can’t use the app on my phone?
Finder
JhezelynJanuary 29, 2019Finder
Hi Floca,
Thank you for your comment.
Yes, you can send that amount to Nigeria through Transfast. You can also visit Transfast outlets to transact, either sending or receiving money. For further details, you can also verify this by contacting Transfast support directly.
Regards,
Jhezelyn
SigridNovember 25, 2018
Where can I find transfast in Belgium or how can I send money with transfast?
Finder
JoshuaNovember 25, 2018Finder
Hi Sigrid,
Thanks for getting in touch with finder. I hope all is well with you. :)
Upon checking, Transfast isn’t available in Belgium. Thankfully, we have a guide on how you can send money to Belgium from the US. On the same page, you will see a comparison table of available service providers. Use that table to know the right provider for you. Click on the “Go to site” button of your chosen provider once you found the right one for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
RevSeptember 17, 2018
Where can i receive transfast money in Lagos,Nigeria.
Finder
BellaSeptember 17, 2018Finder
Hi Rev,
Thanks for your inquiry.
It would be a good idea to explore the various Transfast pickup locations.
I hope this information helped. Please feel free to message us again for further questions.
Kind regards,
Bella
RENEAugust 15, 2018
Would I like to know if transfast exists in Benin?
Can one, withdraw money by transfast at the post office of Benin?
AshAugust 17, 2018
Hello Rene,
Thank you for reaching out to finder.
Yes, Transfast is available in Benin but withdrawing/ claiming the remittance from a Post Office is not available. You may only withdraw the sent money through your Bank Account or Cash Pick up.
I hope this helps.
Let us know if you have additional questions.
Cheers,
Ash
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
I want to know if I can send $2500 to Nigeria through Transfast. And, can I go to any of the Transfast outlets to make the transfer because I can’t use the app on my phone?
Hi Floca,
Thank you for your comment.
Yes, you can send that amount to Nigeria through Transfast. You can also visit Transfast outlets to transact, either sending or receiving money. For further details, you can also verify this by contacting Transfast support directly.
Regards,
Jhezelyn
Where can I find transfast in Belgium or how can I send money with transfast?
Hi Sigrid,
Thanks for getting in touch with finder. I hope all is well with you. :)
Upon checking, Transfast isn’t available in Belgium. Thankfully, we have a guide on how you can send money to Belgium from the US. On the same page, you will see a comparison table of available service providers. Use that table to know the right provider for you. Click on the “Go to site” button of your chosen provider once you found the right one for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Where can i receive transfast money in Lagos,Nigeria.
Hi Rev,
Thanks for your inquiry.
It would be a good idea to explore the various Transfast pickup locations.
I hope this information helped. Please feel free to message us again for further questions.
Kind regards,
Bella
Would I like to know if transfast exists in Benin?
Can one, withdraw money by transfast at the post office of Benin?
Hello Rene,
Thank you for reaching out to finder.
Yes, Transfast is available in Benin but withdrawing/ claiming the remittance from a Post Office is not available. You may only withdraw the sent money through your Bank Account or Cash Pick up.
I hope this helps.
Let us know if you have additional questions.
Cheers,
Ash