CNN Money Transfer is provided by Monycorp limited, which is regulated by the FCA or Financial Conduct Authority for the provision of payment services.

Read this guide and learn more about CNN money transfer and its Moneycorp provider. Take note that this is not a standard review since CNN does not actually offer international money transfer services; instead, it is a while label for Moneycorp.

About CNN Money Transfer

Cable News Network or CNN is among the largest new-based television channels in the US. It is owned by WarnerMedia and is the first one to air 24-hour cable news. CNN has been operating since 1980. Besides this, CNN has some expertise when it comes to finance granted they have a complete CNNMoney department, which incorporates the latest news on financial matters along with its research and its investigations. Though it may be a totally different industry, the company unquestionably has several financial and market specialists, that’s also significant for its image.

Furthermore, CNN is known to be dramatic and indulging in being bias politically. Despite its downfall to Fox News, CNN is still continually drawing 1 million viewers and usually comes around a 1.6 million mark. It was under 20% at the end of 2019, losing 25 to 54 viewers demographically.

When setting aside political biases, CNN is undeniably reputable. It’s a big hitter in US news with known success. However, due to the falling figures and the terror of social media deteriorating news channels, CNN is determined to expand its revenue and build a new stream. In the year 2015, CNN they have open up the CNN Money Transfer service.

The CNN Money Transfer Service

Though it’s known as the CNN Money Transfers, its operation is handled by MoneyCorp. This means that MoneyCorp will be handling each aspect of your exchange given their high-end foundation. 

This innovation makes CNN Money Transfer review somewhat difficult. On the other hand, CNN apparently seems to imply that they’re not specialists within the money transfer service industry.

Instead of expediting the payment by their own, CNN simply serves as the door to MoneyCorp. This method is called the white labelling. In this instance, CNN speaks as if it’s their service, but then casually pass you to MoneyCorp. 

CNN Money Transfer Services Provided By MoneyCorp

MoneyCorp as the provider of CNN money transfer is trustworthy in terms of carrying out money transfer services. However, before discussing CNN’s main provider, let’s explore the services that they offer. CNN Money Transfer breakdown their services into 3: 

  • One-off payments
  • Fix a rate and finally
  • Make regular payments

One-off Payments

This service is a single transaction for a certain purpose such as:

  • Buying a property or an estate abroad
  • Planning to take a trip and secure a holiday money
  • Sending funds to friends and family
  • Emigrating overseas
  • Paying off bills overseas such as mortgage payments
  • Wedding abroad
  • and other purposes where you need to to do a spot transfer

CNN as a gateway to MoneyCorp can exchange your money and send it to a destination to its country of destination.

Fix a rate

A fixed rate service works as a forward contract. This can help you cushion the fluctuating rate as this service will work on your favour. It allows you to initiate the transfer straight away or up to two years. You can target a specific rate that favours you, and your money will be carried out when that rate is reached. This can help you get the most out of your transfer.

Make regular payments

This service works the same way as a direct debit, which automatically sends payments abroad with a pre-determined schedule. This can be either in a weekly, monthly or intermittent basis, depending on your needs.

They can also fix the exchange rate, the amount of foreign currency received or the amount debited from your account, enabling you to have more prominent control of your budget.

About CNN’s Service Provider – MoneyCorp

MoneyCorp is a business veteran in terms of international money transfer. They are as strong and massive in their 35 years of experience in remittance and currency exchange. Significantly, they have 4.6 ratings out of 5, which comes from 700 reviews on feefo.com. This alone can attest how solid and reliable MoneyCorp is.

Should You Use The CNN Money Transfer?

Personal account manager

You can take advantage of consulting a currency expert, especially when dealing with the ever-fluctuating foreign exchange market.

When utilising the service you will have a personal account manager who can lead you through the transfer process and contribute expert guidance on your currency conditions.

Safe and Secure

Moneycorp has over 35 year’s foreign exchange exposure and is authorised and regulated by the FCA. This means your funds are secured and safe in segregated client accounts.

Starcard

If sing CNN money transfer, you’ll get the moneycorp starcard, which allows you to take benefit of exclusive discounts, including Apple online store, hotel specials and exclusive travel money rates. 

Online Payments

You can make international payments securely 24/7 anywhere you are with no transfer fees.

Access Anytime

To empower in handling your international payments around the clock. All CNN Money Transfers clients are has access to their online payment platform. This allows you to make payments anywhere at anytime

 33 online currencies

CNN Money Transfers gives you the capacity to purchase and sell in 33 various currencies online. Additionally, there’s also a lot more available over the phone. This allows you to track the progress of your transactions and manage recipient details, making it easier for repeat transfers.

 Free online transfers

CNN Money Transfers equips clients with free online transfers. It is a huge advantage since some banks impose a $30-$50 transaction fee each time you send money abroad. If you secure regular monthly payments this can help you save as much as $500 within a year.

Other Money Transfer Provider To Compare

TorFX

TorFX - Competitor of Foreign Currency Direct for international money transfer ServicesTorFX allows you to register as in individual or business. It offers no fees for personal transfers and can provide scheduled transfers, stop-loss orders, forward contracts and limit orders. They are great to travel money solutions offered in the UK. They do not have cash pickups and multilingual website.

 

TransferWise

TransferWise - Competitor of Foreign Currency Direct for international money transfer Services

They serve individuals, businesses and online sellers. You can take advantage of their Borderless Account to hold funds in up to 27 currencies. The cost of a transfer depends on the currencies concerned, the transfer amount, and the payment mode.

CurrencyFair

CurrencyFair - Competitor of Foreign Currency Direct for international money transfer ServicesYou can register as an individual or a business. They allow scheduled transfers and offers a low transfer amount of €8. The transfer fee includes €3 plus 0.35% of the transfer amount

 

WorldRemit

WorldRemit logo for Currencies Direct Money Transfer alternatives by iCompareFX
WorldRemit allows you to transfer money to the cash pickup location or bank accounts. Their website is available in several languages with a low minimum transfer amounting to £1.

 

Frontierpay

FrontierPay - Competitor of Foreign Currency Direct for international money transfer Services

The company provides scheduled transfers, market orders, and forward contracts. Their personal transfers are free of charge with the minimum amount you can transfer is at £500.

 

XE

XE - Competitor of Foreign Currency Direct for international money transfer Services

XE is one of the big brands in terms of money transfers. They do not impose charges on personal transfers and hedge funds using limit orders.

 


Company Details
  • Company Name: LS ZIG ZAG LIMITED
  • Registration Number: 08465672
  • Incorporation Date: 2013-03-28
  • Status: Active
Contact CNN Money Transfer Review
  • via Phone: +44 (0) 203 411 3962 Call
  • via Post: 100 Victoria Street, London, United Kingdom, SW1E 5JL