Personal Finance Money transfer

Can you make international transfers with Small World Money Transfer?

Gabrielle Figueiredo

30.12.24 (last updated)

Read time 1 minute

Small World Money Transfer, a service previously available to Irish customers for sending money abroad, has ceased operations. This development affects all customers, including those in Ireland, who can no longer use Small World's platforms to transfer money internationally.

This article will let you know information about the company's closure, and will introduce you to Wise, an alternative way to send money abroad.

Wise: Send money to
+160 countries

What happened to Small World Money Transfer?

small-world-closed

As of June 10, 2024, Small World Financial Services Group Limited entered administration, leading to the suspension of all services.

The company has stopped accepting new customers, processing transactions, and making payments through all channels, including agents, branches, websites, and mobile applications.

Can you make international transfers with Small World Money Transfer?

No, following the cessation of services, customers in Ireland and elsewhere are unable to use Small World Money Transfer to send money abroad. All international money transfer services provided by the company have been discontinued. ❌

What should Irish customers do next?

Irish customers with pending transactions or concerns should contact Small World’s customer service for assistance.

While specific contact details for Ireland are not provided, Small Word created a website with information and useful links.

Wise: Send money abroad to +160 countries

send-money-wise

With the closure of Small World Money Transfer, Irish customers seeking to send money abroad will need to consider alternative services, and one of them can be Wise.

Wise is an online Payment Service Provider launched in 2011, that nowadays offers services to 12.8m customers around the globe. Wise Europe is a Belgian Payment Institution authorised to operate across the EU by the National Bank of Belgium.

With Wise you'll be able to send money to 160+ countries, and the currency conversion is done using the mid-market exchange rate (the one you normally find on Google).

Before committing to a transfer, you'll be able to check all the fees, rates and estimated transfer times.

If you want to take advantage of other features that Wise can offer, you can open a Wise multi-currency account to be able to:

Manage +40 currencies in one account

Convert money between those currencies whenever you need

Order the Wise debit card and pay in +150 countries

Create free digital cards for an extra layer of security

Open your Wise account
for free 🚀

Sources used:

Small World website information

Sources last checked on December 27, 2024.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.