11 Best Money Transfer Services To Send Money Online (2025)

With so many money transfer services online, how do you choose the right one?

It can be very tough. The good news is that I’ve tested and compiled the best money transfer services to send money online internationally.

To help you save money right off the bat, I have included services that have zero-to-low transfer fees, with features that you can easily use to send money to your family, friends, colleagues, and to any country of your choice.

Transferring money via third-party companies has grown since 2020.

An annual increase of 15.9% is expected, which is projected to reach $143,000 million by 2023 from more than 6 million users.

This is the ultimate guide to the best money transfer services to send money online in 2025.

Keep in mind that the best money transfer provider will reward you, especially when you make transfers with their debit cards or shop online. Wise, XE Money Transfer, TransferGo, Xoom, and CurrencyFair are great examples.

In this guide, you’ll discover:

• What the best money transfer services are
• What makes a great money transfer service
• How to avoid ‘shiny’ services that with high upfront and hidden transaction fees
• The best ways to send money online in minutes to any country

If you’re ready, let’s dive right in.

What Are The Best Money Transfer Services?

Here are my top picks for the best money transfer services to send money online:

Alright, let’s dive right in. Let’s quickly break down the 11 best money transfer services of 2025:

1. Wise (formerly TransferWise)

Best overall money transfer service

Wise is one of the fastest ways to transfer money internationally. Transfers will usually take just 1 – 2 business days.

Wise offers a variety of services that facilitate cross-currency money transfers.

These services use the real exchange rate, also known as the interbank rate, in global financial markets.

The mid-market rate, however, is the rate between ‘buy’ and ‘sell’ rates on money exchange sites at the time of matching.

This means that, for the same amount of money, Wise will apply the mid-market rate. However, be aware that this may delay your money transfer by several days.

When making a transfer through Wise, users can choose to pay with a bank transfer, a debit/credit card, or funds in their Wise account. The fees associated with each method will vary.

Transfer type	Online only
Transfer speed	1 – 2 business days
Fees	Varies by currency: From 0.35%
Mobile app	Yes
Converting money	Varies by currency: From 0.35%
Minimum transfer amount	Minimum of $1 or its equivalent from most countries. Up to $1,000,000 maximum transfer amount in territories outside the U.S. or
Website	https://wise.com

Key Features

• Send money to 80+ countries, cheaper and easier
• Get your own UK account number, Euro IBAN, and US routing number
• Hold multiple currencies for free
• FCA regulated (your money is in safe hands)
• Spend money in local currency with your Wise debit card
• Receive money from around the world, on time.

Pros

• Easy to set up and use (get started in minutes)
• Low transaction fee
• It provides multiple currency accounts in one click
• You can quickly send money internationally (no hassles)
• Clean and intuitive user interface
• Faster transfer, always earlier on right on time

Cons

• No option to schedule recurring transfers to frequent recipients
• It accepts fewer currencies compared to some money transfer services
• It’s not accepted in some countries (even though it’s in the ‘accepted list)

Fees

Converting money	0.35% (fees vary by currency)
Sending money	0.35% (fees vary by currency)
ATM fees	2% (over $100 per month) + $1.50 per withdrawal

2. XE Money Transfer

Best for sending large amounts of money

XE Money Transfer is a global foreign exchange service that offers international money transfers between almost any currency in the world.

The company has been exchanging currencies for over 25 years and is part of the Euronet Worldwide Group, one of the leading players in cross-border financial services.

XE offers SMS status updates and business-specific services.

The company is available in 130+ countries and supports 60+ different currencies, making it a good choice for sending money internationally.

XE is an excellent option for sending large amounts of money. Its online-focused approach allows you to set up transfers at home or on the go.

The mobile apps are highly rated in the respective app stores, and the company offers multilingual customer support.

In addition to its convenience and low-fee options, XE has a reputation for ensuring security.

Transfer type	Online only
Transfer speed	1 – 4 working days
Fees	Varies by currency: 2.99% flat fee for credit card payments (U.S. customers) Bank transfer charges may apply (from your bank) for Bank wire transfers
Mobile app	Yes (iOS & Android)
Minimum transfer amount	No minimum amount Maximum amount: $500,000 USD
Website	https://xe.com

Key Features

• Transparent delivery times
• Low fees and optimal exchange rates in real-time
• Get a free personal or business account in minutes
• Modern banking-grade technology to secure your money
• Set rate alerts, receive notifications and check live rates with the Xe app

Pros

• It’s available in 200+ countries globally
• The mobile app is fast and intuitive
• Competitive exchange rates
• Enjoy low fees compared to the competition
• Easily track when your funds will be delivered

Cons

• Card payments only available in US, UK, and Europe
• It doesn’t offer cash pickup

Fees

Transfer fees	2.99% flat fee (varies by currency)
Transfer amount	Minimum: $1 Maximum: $500,000

3. WorldRemit

Best for easy-to-use mobile money transfer

WorldRemit is a popular online payment service that offers a wide variety of options for sending and receiving money.

It’s a global network that connects people and businesses in 150+ countries. You can send money in 90+ different currencies through WorldRemit.

Your recipient can receive their funds through a variety of different means, including cash pickup at an agent location, electronic transfer, bank account deposits, and door-to-door delivery.

The delivery options available through WorldRemit depend on the country of the sender and recipient.

For example, if you’re sending money to a recipient in the Philippines, you can choose a home delivery service, or send it through a bank account.

In some countries, WorldRemit offers mobile money, and airtime top-ups. Depending on the amount you want to send, you can even send money as airtime top-ups.

Transfer type	Online, Cash Pickup, Airtime Topup, Mobile money
Transfer speed	From “instant” to a few days. It depends on which country you’re sending it to.
Fees	Upfront fee: $2.99 USD Exchange rate: 1 USD = 0.83526 EUR
Mobile app	Yes (iOS & Android)
Minimum transfer amount	No minimum. Maximum amount ($9,000 per 24 hours from the United States). It varies from country to country
Website	https://worldremit.com

Key Features

• Transfer money to 130+ countries in minutes
• Industry-leading security technology protects your money
• Better exchange rates and lower fees than most conventional banks
• Send money on the go from the US
• Track your payments and view your transfer history from anywhere
• A wide array of ways to send money online in the U.S.
• 70+ currencies are supported

Pros

• It’s easy to send money through the website and mobile apps
• Airtime top-up is almost instant
• Lower transfer fees help you save some money
• Transparent fees, so that you know exactly what you’re paying
• The first 3 transfers are fee free for new customers

Cons

• The verification process is rigorous (a government-issued ID is required
• Not all delivery methods are available in all locations

Fees

Fees	Varies (0.5 – 1.25% markup fee)
Credit card transfers	Up to 3% additional fee

4. MoneyGram

Best for international transfers

MoneyGram offers global money transfer services to everyone. If you’re looking to send money quickly, consider using MoneyGram.

It’s arguably the second-largest money transfer company in the world and boasts 350,000+ agent locations in more than 200 countries.

Its many services include multiple funding options, such as phone reloads in some markets.

You can send and receive money in as little as 10 minutes.

You can also have your money delivered right to your debit card! If you’re in the US, MoneyGram works with Visa debit cards.

As one of the largest wire transfer services in the world, MoneyGram makes transferring money fast, easy and secure.

The company educates its customers about fraud and takes precautions to prevent transfers to shady entities.

Although MoneyGram’s fees are low, they do charge an exchange rate markup, which can be difficult to spot. You can check to see if this is included or not by checking their website.  

Transfer type	Online transfers, Cash pickups at MoneyGram agent locations
Transfer speed	10 – 30 minutes
Fees	For every $100 transfer, MoneyGram charges you $7.99 Average: Up to 10%
Mobile app	Yes (iOS & Android)
Transfer amount	$10,000 limit per transaction. Send more money in-person from a MoneyGram agent location
Website	https://moneygram.com

Key Features

• Quick money transfers with low fees
• In-app money transfer limits unnecessary travel
• User-friendly money transfer service (easy to set up)
• Track your transaction status via the mobile app
• Earn rewards whenever you send money with MoneyGram Plus Rewards

Pros

• It supports multiple currencies
• Quickly send money to most countries in just a few minutes
• Many options to pay for transfers
• No verification process is required (compared to other money transfer services)
• Flexible delivery options to a recipient’s bank account, a cash pickup location, or a mobile wallet

Cons

• High fees compared to other services
• You can only transfer up to $10,000 at a time

Fees

Fees	$7.99 fee for every $100 transfer Average fee: Up to 10%
Transfer amount	No minimum transfer amount. Maximum: $10,000 limit per transaction. You can send more money in-person from a MoneyGram agent location

5. OFX

Best for large transactions

OFX offers international money transfer plans with great exchange rates.

These plans can be customized to fit your needs and are perfect for sending money overseas.

You can send money to friends and family in over one hundred different countries.

OFX offers more than 115 banks in its network, so you’re sure to find one that suits your needs.  

While OFX offers a number of methods, its Rapid Transfer and Single Transfer services are the most popular.

Using Single Transfers, customers can lock in the current OFX exchange rate and send money to the recipient within 24 hours.

Transfer type	Online transfers and Phone
Transfer speed	1 – 2 days
Fees	USD$0, £0, CAD$15, AUD$15, €10
Mobile app	Yes (iOS & Android)
Transfer amount	Minimum: $2,000 Maximum: Up to $2 billion for major currencies (USD, GBP, AUD, EUR, etc.)
Website	https://ofx.com

Key Features

• Easy to use, both online and via the mobile app
• 24/7 OFXpert customer support
• Bank-beating rates for your money
• Trusted and regulated by 50+ bodies globally
• Make transfers to 150+ countries

Pros

• Easily track your transfer via SMS, email, the app, or website
• Remit time is fast and reliable
• You can schedule payment to be sent whenever you want it
• Lots of transfer options help you benefit from the changing exchange rates
• OFX is trusted internationally, with offices in the U.S., Canada, Hong Kong, UK, Singapore, and more.

Cons

• Customers may be required to call a representative over the phone to transfer in some currencies.
• No cash pick-ups, transfers can only be made electronically to other brank accounts

Fees

Transfer fees	AUD 15 (if you’re transferring below $10,000 AUD)
Transfer amount	Minimum: $2,000 Maximum: Up to $2 billion for major currencies (USD, GBP, AUD, EUR, etc.)

6. Remitly

Best money transfer service for U.S. residents/citizens

Remitly is a digital remittance service that lets you transfer money faster and more affordable while ensuring complete transparency.

As of July 2018, Remitly had raised $420 million in funding. Its most recent round of funding valued the company at over $1 billion.

Founded by Joshua Hug and Matthew Oppenheimer, Remitly has received funding from 36 leading investors.

Remitly uses partnerships with financial institutions to ensure the safety of your money.

This means that if a transaction does not meet international regulations, Remitly will notify you via text message or email.

You can also choose to receive notifications when your money reaches the recipient.

Transfer type	Online transfers and Phone
Transfer speed	Debit card transfers: Instant Bank transfer: 3 – 5 days
Fees	Express fees: $3.99 Economy fees: $2.49 (for transactions between $0 – $199.99)
Mobile app	Yes (iOS & Android)
Transfer amount	Minimum: $1 Maximum: Up to $10,000 if you verify your identity.
Website	https://remitly.com

Key Features

• Securely send money from your phone
• Transaction status updates for you and your recipient
• Low fees (starting at $3.99)
• Local deliver partners help you receive your fund

Pros

• Fast delivery within minutes (via debit cards payment)
• Enjoy low fees (at $3.99 for the Economy option)
• Cheaper promotional rate for first time users
• Reliable customer support (phone call in English & Spanish and live chat)
• Intuitive and fast mobile app

Cons

• Funding transfers with a credit card incurs an extra 3% fee
• Low sending limits compared to other providers

Fees

Transfer fees	Express fees: $3.99 Economy fees: $2.49 (for transactions between $0 – $199.99)
Transfer amount	Minimum: $1 Maximum: Up to $10,000 when you verify your identity.

7. CurrencyFair

Best money transfer service for low fees

CurrencyFair is a money transfer service that lets you send money overseas at better exchange rates, with no hidden fees.

While you might think that it would be expensive to use a money transfer service, CurrencyFair is quite cheap to use, and you can send and receive money internationally.

CurrencyFair will calculate the amount you send and the fees to transfer the funds.

You can also use the service to notify your recipients of the amount you send. If you need to send or receive money from Canada or New Zealand, you may have to pay additional fees.

CurrencyFair allows registration from a wide range of countries. You can find a full list of supported countries by visiting their website.

The registration process is straightforward: all you need to do is provide an email address, and password, as well as the country you live in and the purpose of your account.

Transfer type	Online transfers and Phone
Transfer speed	1 – 2 business days
Fees	£2.50 Flat + 0.4% Markup fee
Mobile app	Yes (iOS & Android)
Transfer amount	Minimum: £8 (or its equivalent) Maximum: No maximum amount
Website	https://currencyfair.com

Key Features

• Safe, trusted, and regulated money transfer service (Bank-level security)
• Send money overseas at better exchange rates
• Send and receive money to and from 150+ countries in 20+ currencies
• Access FX rates from any device (via the mobile app)
• Real support: Speak to a real person by phone to get answers quickly

Pros

• Easy to use. It’s user-friendly
• The verification process is quick
• Great app experience for first-time users
• Low fees you can trust
• Safe and secure only money transfer service

Cons

• Sometimes, it takes longer to remit the money overseas
• Cash pickup and bill payments not supported

Fees

Transfer fees	£2.50 Flat + 0.4% Markup fee
Transfer amount	Min. £8 Max. no limit

8. TransferGo

Best money transfer service for speed

TransferGo is a money transfer service that offers fast and reliable delivery.

All of your options are laid out before you send money, and you’ll never be caught off guard by unexpected charges or exchange rate markups.

In addition, the exchange rate markup ranges from 0% to 2.2%, and there’s a flat fee, based on the amount of money you want to send.

This service focuses on European countries and accepts payments from all EU countries, including Croatia, Iceland, Norway, and Switzerland.

With a team of more than 100, the team behind TransferGo is committed to making international transfers as easy and affordable as possible.

The company uses proprietary technology and infrastructure to enable fast, low-cost transfers and reroute funds to partner bank accounts near the final destination.

Transfer type	Online transfers and Phone
Transfer speed	1 – 2 business days
Fees	Zero fees on your first 2 transactions Up to 2.2% on subsequent transactions Exchange rates: 0.5% and 1.5% (exchange rate margin)
Mobile app	Yes (iOS & Android)
Transfer amount	Minimum: £1 Maximum: £25,000 (for online transactions)
Website	https://transfergo.com

Key Features

• Send money from where you are to any country
• 30 minutes remittance float
• Make weekend money transfers with no hassles
• Make payments via credit/debit card, bank account, Google Pay, or Apple Pay
• Track the status of your transfer via the mobile app
• Customer support is multilingual (get your questions answered in your own language)

Pros

• Send money with 30 minutes
• Enjoy competitive exchange rates
• A wide array of delivery options
• Easy-to-use mobile app
• The fees and rates are transparent (no hidden fees)

Cons

• Not all countries are supported
• Limited transfer payment and payout options
• The customer service team is not always available, except during working hours of 7:00 am to 4:00 pm GMT, Monday through Friday

Fees

Transfer fees	0% on the first 2 transfers 2.2% on subsequent transfers Exchange rate markup: 0% to 2.2%
Transfer amount	Minimum: £1 Maximum: £25,000 (for online transactions)

9. Currencies Direct

Best for security and speed

Currencies Direct allows you to send money overseas.

This money transfer service is regulated by the Financial Crimes Enforcement Network (FCEN), so you can rest assured that your funds are safe with them.

These regulations are in place to protect the funds of UK residents.

To ensure the safety of your money while sending it overseas, it’s important that a business is licensed under the Payment Services Regulations 2017 and Electronic Money Regulations 2011.

Unlike some money transfer services that only accept bank transfers, Currencies Direct accepts debit card payments and waits for funds to clear before converting and sending the money.

Currencies Direct also provides excellent customer service.  

Transfer type	Online transfers
Transfer speed	24 – 48 hours
Fees	Account setup fee: 0% Transfer fees: $0 Receiving fee: 0.1% receiving fee
Mobile app	Yes (iOS & Android)
Transfer amount	Minimum: £1 Maximum: No limit, up to £100,000
Website	https://currenciesdirect.com

Key Features

• Securely transfer money to 120+ countries in 40+ currencies
• Send money via credit card or bank transfer
• Remittance float is 24 hours (it’s fast)
• Track transfers online and through the mobile app
• Check live rates on the go
• Buy currency in advance

Pros

• Easy to navigate and use
• Tailored money transfer solutions for you
• Simple Peer-to-Peer transfer for individuals
• Send money and get notification when it’s been received
• Fast remittance float on just 24 hours (a few hours most days)

Cons

• Limit payout options. No cash transfer or airtime top up is allowed (only bank-to-bank transfers to overseas)
• Limited African currencies are supported

Fees

Currencies Direct charges 0% for account setup, $0 for transfer fees, while receiving fee is 0.1%.

The minimum transfer amount that Currencies Direct allow is £1. You can send up to £100,000, there’s no maximum transfer amount.

10. Sokin

Best for international money transfers

Sokin is the ideal choice for those who want to send and receive money globally without worrying about hidden fees and high commissions.

Its global reach allows users to transfer money to 200+ countries, and 30+ currencies.

Users also enjoy commission-free foreign currency via the Sokin card.

With this low rate, you can send unlimited amounts of money every month and enjoy commission-free foreign exchange in your pocket.

Sokin’s aim is to democratize payments. This is accomplished by using advanced technology and global partnerships.

Its innovative technology makes it easy to make international payments with Sokin.

Sokin is available on the Google Play and Apple App stores and enables users to make money transfers from anywhere to any other country.  

Transfer type	Online transfers and Phone
Transfer speed	2 hours – 24 hours (excluding weekends)
Fees	Monthly fee: £9.99 (flat fee) International transfer fee: £7.99 Domestic transfer fee: £4.99
Mobile app	Yes (iOS & Android)
Transfer amount	Minimum: £1 (or its equivalent) Maximum: No limit
Website	https://sokin.com

Key Features

• Send and receive unlimited international payments
• One fixed monthly fee
• Quick, simple, and transparent transactions
• Get an IBAN account and receive funds for free
• No additional costs or hidden fees
• Sokin debit card available in 30+ currencies
• A virtual wallet to receive and keep money
• Send money to 200+ countries

Pros

• Simple IBAN bank account that lets you receive money at no cost
• You can spend from your card in 30+ currencies
• The mobile app is fast and easy to use
• It’s provided in the U.K. & Europe through Currency Cloud
• Easily transfer money online to friends and family members internationally

Cons

• The web version is a bit confusing to use (it could be more user-friendly)
• Payment infrastructure and tech relies fully on several external partners (which makes the web version slow to process)

Fees

Sokin charges a monthly fee of £9.99 (flat fee), International transfer fee: £7.99, and Domestic transfer fee: £4.99

11. Xoom

Best PayPal payment option

Xoom (a PayPal service) is an electronic funds transfer service provider. With their service, consumers can send money, pay bills, reload mobile phones, and more.

Xoom is accepted in 164 countries. You can use this service to transfer money to any location, even overseas.  

Before you start sending money to people overseas, you must understand the fees.

The fees vary depending on your destination, the amount of money, and the currency of your payment.

You can use Xoom’s calculator to determine the cost of sending money, as well as the fees that may be applicable.

The fees are calculated by multiplying the amount to send by the mid-market exchange rate and dividing it by 100.

To make sure the rate you’ll get is the lowest, compare prices with several services before you send money to anyone.

Transfer type	Online, Phone, Cash Pickups
Transfer speed	Few minutes to a few days. It depends on the country and currency you’re transferring
Fees	Fees vary by countries. Up to $2.99 to $4.99 or its equivalent when paying in USD, GBP, CAD, and EUR
Mobile app	Yes (iOS & Android)
Transfer amount	Minimum: $10 Maximum: $2,999 (within 24 hours)                  $6,000 (within 30 days)
Website	https://xoom.com

Key Features

• Send money to almost any bank account
• Send cash for pickup at 1000s of partner locations worldwide
• Have cash delivered to your recipient
• Get transaction status update (via email, online access, and phone)
• Enterprise-grade security and privacy to protect your funds

Pros

• Fast and secure money transfers
• It supports 160+ countries globally
• Easily pay bills with Xoom
• The recipient can get funds without using Xoom
• Easy to use (once approved) and navigate

Cons

• Fees can add up quickly (much higher than competitors)
• Remit time may take time for some destinations
• The verification process may be difficult (you may give up along the way)

Fees

Here’s the Bill Pay Transaction fees for the major currencies:

	Paying in USD	Paying in GBP	Paying in CAD	Paying in EUR
Fee per Bill Pay transaction to any country	USD 2.99	GBP 2.99	CAD 2.99	EUR 2.99

What Is a Money Transfer Service?

A money transfer service facilitates the electronic transfer of money from one bank account to another, either within the same country or across the globe.

With a money transfer service like Wise, you can send payments to family members, friends, and colleagues from any country (e.g., Canada) and also receive payments from them in your country of residence (such as South Africa).

A money transfer service will charge you a fee, which is set by the company.

While many companies offer commission-free transfers, there may be some hidden charges associated with them.

These fees can vary, so it is important to compare various services before making a decision.

What Makes a Great Money Transfer Service?

When transferring money from one country to another, the money transfer service you pick will depend on several key factors, including where to send the money, and more.

Keep these 5 important factors in mind when choosing a money transfer service:

1. Reliability of the transaction

To make money transfers safe, a company should follow some basic guidelines.

Essentially, it must be completely transparent about its fees, taxes, exchange rates, and other charges.

You should get proof of payment in the form of a receipt, which shows that the company is trustworthy.

Then, the company should be regulated, with proper licensing and protection of customer data. And, of course, it should be able to prove the security of its payment processes.

A reliable money transfer service should be available around the clock so that a recipient can be certain that the money will reach the intended destination.

So, if you want to send money internationally, make sure the recipient is reliable and safe.

2. Exchange rates

Although banks may seem like the safest way to send money overseas, the truth is that online money transfer services are cheaper and can even offer zero-fee transfers.

Whether you are sending money overseas to your motherland, or a friend in another country, make sure to check the rates that different money transfer services offer.

These will determine which company offers the best exchange rates.

The fee structure will depend on the amount, destination, and the exchange rate, so compare prices before committing.

3. Transfer fees

To avoid being charged with excessive fees, make sure you know exactly what the Transfer fees are offered by money transfer services before sending or receiving money.

Every provider has its own markups and fees, and it is always wise to compare them with a standard exchange rate.

Google has a handy currency converter. To avoid being charged with excessive fees, make sure you always exchange money with a reliable service.

You will be glad you did when you see the difference between different services.

The most common fee associated with money transfers is the exchange rate.

This is usually a flat fee or a percentage of the amount transferred. US banks generally charge a fixed fee of $30 – 50, which is higher than other money transfer providers.

4. Customer service

If you make regular transfers, you’ll want to use a company that is easy to use, quick, and has great customer support.

The money transfer companies we recommend are carefully chosen with all these factors in mind and have a proven track record of providing exceptional customer service.

Make sure you look at customer reviews for each company before choosing a service.

The reviews should let you know how satisfied customers are with the company’s customer service.

5. Transfer time or remittance float

Remittance float or Transfer time is important for businesses, freelance workers, and other individuals who require cash flow to stay afloat.

If a money transfer takes too long, it can limit the amount of cash you can send to your clients.

This means losing out on interest payments.

Likewise, a long remittance float means that international transfers can take days or even weeks before they arrive at their destination.

Depending on the amount you’re sending, the standard remit float ranges from a few minutes to 72 hours.

Any money transfer service that requires more than 2 business days to remit your money to the recipient isn’t worth your time.

How to Send Money Online?

If you’re looking to send money online from your country of residence to a family member, spouse, colleague at work, or for business purposes, there are basically 5 routes you can take.

Let’s explore them briefly:

1. Banks

One of the easiest ways to transfer money from one bank to another is through online banking.

Most banks offer online banking solutions that let account holders complete transactions from the comfort of their homes.

To send money to someone’s bank account, you first need to sign up for their online banking service or download their mobile app.

Banks like Wells Fargo allow you to send money online by providing a person’s social security number, tax ID number, email address, and account number.

Another option is sending money by check or money order. Both of these methods have their advantages and drawbacks.

Although money orders are more secure than cashier’s checks, they take longer to clear.  

2. Money transfer services

If you’re sending money from one country to another, you might want to consider a money transfer service such as Wise or XE.

Money transfers are a convenient way to transfer money from one country to another.

Before making a transfer, however, you should compare the costs, delivery time, and limit to the amount of money you can send.

When transferring money internationally, you should look for a service that offers fixed rates, so you can avoid bad exchange rates.

If you need to transfer a larger sum of money, you should use a business transfer service, since banks often charge very high fees for international transfers.

When choosing between online money transfer services, make sure to check the exchange rates before going forward.

3. Cash services

If you’ve ever needed to send a small sum of money, you may find it helpful to use one of the many online cash services.

Not only is it fast and easy to do, but it’s also often free. You can use this method to send money to almost anyone in the world.

You can use a credit or debit card to send funds online, or use a bank account if you’d like.

Regardless of the method you use, you’ll receive a confirmation email with your Money Transfer Control Number.

When using an online service to send money, remember that the information you provide is not encrypted.

Generally, these payments cannot be reversed. Make sure you accept payments from trusted sources. Double-check your digits.

4. Brokers

Unlike cash transfers, in-kind transfers can be easier to handle.

You simply have to link your bank account to the broker’s website and set up an automatic deposit. But this method comes with a price.

Many brokers charge a $50 or $100 fee for this service, and the transfer itself may be free.

So before you decide to use this option, make sure to research the fees before you commit to a particular broker.

Before deciding on a broker, be sure to read their customer reviews to make sure you get the best service.

Leading brokers assign new clients a personal account manager who can answer any questions you may have.

These managers can also automate the process and ensure the best possible exchange rate.

5. Blockchain networks

Blockchain networks are emerging as a promising alternative for online payment.

By reducing the need for intermediaries, Blockchain networks can be used for global payments.

They are faster, more secure, and easier to use than conventional methods.

By using a blockchain network, you can pay someone with a click of a button and avoid having to wait for a check to clear.

Unlike traditional systems, which require a third party, Blockchain networks are completely decentralized, allowing you to pay and receive money without any hassle.

What Are The Best Ways To Send Money Online?

In this section, we’ll dive into the various ways (online money transfer services) that you can use to send money online. Let’s go:

1. Xoom

Xoom is an online payment service that lets you send and receive money from various accounts.

You can pay through your bank account, credit card, or a combination of both.

When transferring money online, you’ll need to provide the recipient with some personal information.

The lowest fees will be charged for smaller amounts.

Larger amounts require more documentation, including government-issued ID or financial records. Before completing the transfer, you’ll be notified of the fees.

Xoom offers multiple transfer methods to accommodate various needs and preferences.

You can choose to send money through bank transfer or cash for pick-up or delivery.

2. Wise

If you need to transfer money internationally, Wise is a good choice.

It offers cheap fees and is far ahead of most banks, which charge exorbitant fees.

Its fees are based on the amount of money sent, the country you are sending it to, and the payment method you use.

The fees are transparent and easy to calculate. You don’t even need a Wise account to use Wise’s currency converter.

You can transfer funds from your bank account or a third party’s bank account to another.

There are a few downsides to Wise, but the service is very easy to use and does not charge excessive fees.

Wise offers competitive mid-market exchange rates for transfers and SWIFT transfers.

3. PayPal

Sending money online is easy with PayPal. You can transfer money to friends and family members by email or phone number.

PayPal offers a range of services that allow you to send money in almost any currency.

To send money online, you can sign up for an account and sign in to your account. Then, simply enter your recipient’s email address and click on “Send Money.”

When you send money through PayPal, you’ll be charged a small processing fee. This fee decreases when you make multiple small transactions.

4. Western Union

You can use Western Union to send money online. The process is simple and fast.

Once you have your account with Western Union, you can pay with a credit card or debit card.

Once you have the money, you can choose how you want to receive it and enter the receiver’s information.

Once you’ve paid, the recipient can collect the money within minutes. Western Union also accepts bank transfers and can accept payments from your debit or credit card.

If you want to receive cash from a loved one, visit a Western Union agent location to collect your funds.

You should bring your government-issued ID as well as the tracking number, called an MTC number.

5. Venmo

Venmo is a popular app that offers a convenient way to send and receive money.

To use it, you need to connect your credit card, debit card, or bank account to Venmo, and designate a recipient.

After the funding source is established, Venmo will transfer the funds to the recipient.

Once the recipient has verified the information, they can withdraw the money from their Venmo balance.

If you’d like to send money to a friend or family member, using Venmo is a convenient and safe way to do so.

To send money to a friend or family member, all you need to do is log in to your Venmo account and choose the person you’d like to send money to.

You can also send money to a non-Vendor using the service.

5 Reasons to Send Money Internationally

Whatever the reason for sending money internationally, you can save money with trusted money transfer services and have peace of mind.

While this list isn’t exhaustive in any way, here are 5 reasons why you may be considering to send money overseas:

1. Paying overseas tuition fees

Tuition fees vary from country to country as well as the schools. In recent years, tuition fees at state colleges are an average of US$10,230 for state residents, and $26,290 for everyone else, according to College Board.

If you’re thinking about studying abroad, you’ll need to pay your tuition fees before arriving in your new country.

But which money transfer service should you use? First, you should check the exchange rates and transfer fees.

Not all providers offer the same exchange rates, so shop around to get the best rate.

Even the smallest difference in exchange rates can have a significant impact on your funds.

Using a money transfer service is a convenient, fast, and inexpensive option for paying tuition fees abroad.

It may be quicker and more convenient than sending cash, but you’ll need to make sure you get the best currency exchange rate.

Often, it takes a few weeks for bank drafts to be processed, so it’s best to pay your tuition fees in advance.

But if you have to pay in full, you may want to consider using a service with a larger transfer capacity.

2. Sending money to friends and family

Sending money to family and friends make perfect sense. After all, you left your beloved family and friends back home while working overseas.

In the past year, migrants sent an estimated $466 billion to families in developing countries.

This has become an economic force, but there are different methods you can use to send money to your loved ones.

One of the most popular ways to do so is by using a money transfer service such as Wise. It’s easy to use and there are no hidden fees.

Another popular method is via International wire transfer. Most major banks offer this service, and you can even use a stand-alone app if your bank doesn’t participate.

However, be aware that wire transfers can take a few days to reach their destination.

Moreover, they are only secure when you are sending money to people you know and trust.

3. Paying for an accommodation

You can pay for accommodation in another country through money transfer services with your major credit card or bank transfer.

This could be for a hotel reservation, which you can do with your credit card.

Although there might be some fees associated with that, hence, other forms of sending money internationally can help you avoid fees or lower fees associated with credit card transactions.

Wire transfers can also be used to pay for the last-minute details of your stay, such as a room key.

In most cases, the process of sending money to a hotel takes just a few minutes and is easy to do.

4. Paying for overseas travel

Many people will use a money transfer service to pay for their oversea travel.

While you should always use the best exchange rate possible, you should be aware of the fees associated with money transfer services.

Some services offer fast transfers, but others take several days to process a transfer.

If you need a fast transfer, consider using a prepaid debit card instead.

You can avoid these fees by using a money transfer service to send or receive money from home.

Also, you can send money to friends and family in the destination country and pick up cash in their currency once you get there.

The best way to pay for oversea travel is to use a money transfer service such as Wise, Xoom, or XE.

5. Mortgage payment for a home abroad

Using a money transfer service for your mortgage payment to property overseas is a convenient way to send funds abroad.

Unlike making a payment in cash, this process involves transferring funds regularly from your UK account, for example, to the foreign bank account in the United States.

It’s also much easier than using your bank’s telegraphic transfer service.

Using a money transfer service for your mortgage payments is convenient and inexpensive.

Typically, banks charge a hefty money transfer fee and take a 5% margin on the exchange rate.

However, specialist money transfer services can help you save money on your payments.

How to Choose The Best Money Transfer Service For You

There are many money transfer services out there, from established companies to fintech startups.

While some transfer large amounts of money to and from foreign countries, others specialize in transferring smaller amounts to specific recipients. 

The best money transfer services are those that are accessible, low-cost, offer a variety of payment options, and have quick delivery times.

i). Compare rates: Before deciding which service to use, be sure to compare exchange rates.

Many services will match the rate of another service if you’ve already made a payment through them.

Others will offer discounts or savings on your next transfer.

Some will even send you notifications about exchange rates so you can compare them easily.

Some companies are also more flexible than others, and you’ll be able to compare prices from a variety of providers.

ii). Security: Another factor that you should consider when choosing a money transfer service is security.

While it may seem obvious, security is essential. Money transfer security is important, and you can be assured of complete protection when you transfer your money.

Money Transfer Services FAQ

Let’s answer a few of the frequently asked questions about money transfer services:

Best Money Transfer Services – Summary

I hope you have enjoyed going through this ultimate comparison review of the best best money transfer services to send money online.

With so many money transfer services out there, it’s best to make decisions based on your price point and key features that are most important to you.

Now I’d like to turn things over to you:

What money transfer service will you use to send money internationally?

Or maybe you already use a great money transfer service covered (or didn’t cover) in this guide.

Either way, let me know and leave a comment below right now.