Profee review

Profee offers international money transfers with competitive rates, particularly strong on European and CIS country corridors. Founded in 2017 and based in London, UK, Profee is a money transfer provider. Profee is authorised and regulated by FCA, which means customer money is safeguarded separately from company funds.

On fees, Profee charges nothing upfront on the majority of corridors (from $0 depending on corridor), but the bigger cost is usually the exchange-rate markup of 0.5% - 2% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $10 up to $10,000 per transaction. Because that markup scales with the amount you send, it is worth comparing the final receive amount rather than the fee alone.

Delivery speed is quoted at minutes to 2 days, and the service reaches 100+ countries across 40+ currencies. You can fund a transfer by Bank Transfer, Debit Card and Credit Card, with money delivered via Bank Deposit and Card Deposit. The mix of funding and payout options is a good guide to which corridors Profee handles best.

On the plus side: competitive rates to eastern europe and cis, card-to-card transfers and simple fee structure. That makes it a sensible choice for everyday international transfers. Worth keeping in mind: lower transfer limits and limited brand recognition. As always, run your exact amount and currency through a live comparison before sending — the provider you pick usually affects the final amount more than any single fee.