Walmart operates two types of transfers: Walmart2Walmart powered by Ria, and Walmart2World powered by MoneyGram. Both of these services allow you to send money, though they could both benefit from lower fees, more competitive exchange rates and higher maximum limit caps.
Use this list of alternatives to Walmart to discover how other companies can provide more trading tools and better rates.
1. Xe Money Transfer
Xe Money Transfer helps you transfer your funds to a bank in a foreign currency. If you’re working abroad, Xe is ideal for transferring money to family or a bank account overseas. Given how easy it is to transfer your money to foreign companies in their currency, it’s especially ideal for business users.
Exchange rates not available until you create an account
Adds a small markup to the exchange rate
2. WorldRemit
WorldRemit matches Walmart by providing transfer options to more than 130 countries through online, bank-to-bank and cash transfers. They both have low maximum transfer limits, but WorldRemit’s flat low fees and competitive rates make it a viable alternative.
Why pick WorldRemit instead?
Easy three-step transfer process
Transfer to mobile wallet accounts
Mobile airtime account transfers supported
Transparent fees and exchange rates
Downsides
Relatively small daily maximum transfer amount of $9,000
Government-issued ID required
Mobile airtime, cash pickups and door-to-door transfer not available in every country
3. Western Union
Western Union has been in the money transfer business since 1871 and has over 500,000 agent locations worldwide, making it a serious competitor for cash pickup and in-person transfers. However, like Walmart, it suffers from weak exchange rates and fees that are often bested by smaller companies.
Why pick Western Union instead?
Trusted money transfer provider for 150+ years
Low minimum transfer of $1
500,000+ agent locations
Downsides
Weak exchange rates that can be almost 5% higher than the mid-market rate
Higher fees compared to other companies on this list
4. OFX
OFX has no maximum transfer limits, which makes it a good option when you need to send more than Walmart’s $2,500 limit. OFX also charges no fees and offers competitive exchange rates. However, a high minimum yearly transfer requirement may deter some senders from using OFX.
Hedging options such as forward contracts and limit orders
Downsides
Can only send to a bank account
Must verify new accounts by phone
High minimum transfer amount of $1,000
Doesn’t use the mid-market rate
5. Xoom
Xoom has a smaller reach than Walmart, so make sure your destination is on the list before starting a transfer. Both companies offer low minimum transfer amounts, but Xoom has a higher maximum transfer limit. Xoom stands out with its money-back guarantee if your transfer doesn’t arrive on time — a rare perk in the money transfer industry.
Why pick Xoom instead?
Money-back guarantee if your transfer is late
Integrates with your PayPal account
Downsides
Smaller network
Low maximum sending limit
Transfer fees vary depending on sending method, amount and destination
Still looking for other options?
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.
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.
Leah Fallon is a freelance journalist and editor, specializing in personal finance and small business. She owns Birch Tree Bookstore in Leesburg, Virginia.
How do you know if your international money transfer made it safely? Learn how to track or cancel, and find out what your rights are when it comes to sending money.
From bank transfers to specialist money transfer companies, there are several options available when you need to transfer money overseas from your bank account.
If you need to transfer money overseas using your credit card, you can do so via your bank, MoneyGram, Western Union and PayPal. This can be useful in emergency situations, but credit card transfers are usually not a cost-effective option.
If you’re looking for a secure way to send money overseas, an international bank draft could be for you — but if speed is important, consider using a money transfer service instead.
The transfer will still be there but it wouldn’t hurt to clarify it with Walmart first. Please note that depending upon the state of purchase, if you do not use or cash the money order within one to three years of the purchase date, a non-refundable service charge will be deducted from the principal amount. The service charge conditions are described on the back of the money order.
Ask your sender for the reference number for the transaction. This number is on the receipt and included in confirmation emails for online transfer and bring a valid ID when claiming the money. It is also a good idea to give Walmart Money Transfer a call at 1-800-689-8307 to get a more direct answer.
Please send me a message if you need anything else. :)
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I had money sent about two months ago Wal-Mart to Wal-Mart I never went and picked it up would it still be there? I don’t have a number to pick it up.
Hi Rachelle,
Thanks for leaving a question on finder.
The transfer will still be there but it wouldn’t hurt to clarify it with Walmart first. Please note that depending upon the state of purchase, if you do not use or cash the money order within one to three years of the purchase date, a non-refundable service charge will be deducted from the principal amount. The service charge conditions are described on the back of the money order.
Ask your sender for the reference number for the transaction. This number is on the receipt and included in confirmation emails for online transfer and bring a valid ID when claiming the money. It is also a good idea to give Walmart Money Transfer a call at 1-800-689-8307 to get a more direct answer.
Please send me a message if you need anything else. :)
Cheers,
Joel