Take advantage of a free money transfer

Send money for free using promo codes, specials and introductory rates.

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XE Money Transfers

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  • Send money to 130+ countries
  • Competitive exchange rates that are often better than banks'
  • XE doesn’t charge any transaction fees, commissions or ongoing fees
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The increasingly competitive online money transfer space is a buyer’s market that offers lower fees, stronger rates and more flexibility than your local bank. Add to that the handful of providers running special offers or promo codes for free transfers or no commission, and you’ve got one big incentive to try out a digital money specialist.

Do free international money transfers actually exist?

Yes. But money transfer specialists aren’t in the business of offering something for nothing.

Companies that advertise a “free” service — such as no commission or transfer fees — make up for it by applying a “spread” or margin on the mid-market rate, or the rate rate financial institutions use when trading currency among themselves. This margin varies by country and currency but can be anywhere from 0.1% to 10%, depending on the company and where you’re sending to. The cost of the margin markup can outweighs the “free” transfer, which makes for an unpleasant surprising.

Charging a transfer fee can be a way for transfer companies to offer stronger exchange rates, which benefit large transfers. With research, you might find a company that waives transfer fees for new customers.

Ways to get a free money transfer

With so many companies angling for a piece of the remittance pie, the best deal may involve a promotional push for new customers or a promo code for waived fees or discounts off your total.

Money transfer companies make you pay through fees or mid-market markups — and sometimes both. To transfer money for free:

  • Use a promo code. A promotional code for a company without a markup on the mid-market rate will allow you to transfer for free. A list of our current coupons and promotions can be found below.
  • Transfer with a company that doesn’t charge fees. Some money transfer companies forgo flat fees by adding a small percentage on top of the exchange rate. International money transfer services offering free transfers include:

Compare money transfer services

Keep your hunt for low-cost money transfers simple by first narrowing down a digital money specialist that fits your sending needs. If that service offers a promo code for free transfers, you’ll find it on our unbiased review pages.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.731 USD
7,309
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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Let’s crunch the numbers: The cost of a free transfer

To put this into perspective, let’s see what a free transfer actually looks like when sending $6,000 CAD to MXN. Compared using live exchange rates from April 12, 2020.

$0 fee transferStrongest exchange rateLow fee, strong exchange rate
Fee$0$70$4.99
Exchange rate1 CAD = 15.8983 MXN1 CAD = 16.3301 MXN1 CAD = 16.1601 MXN
Transfer speed1-2 days1-2 daysMinutes
Amount receivedMXN95,389.80MXN96,837.49MXN96,897.96
Overall
  • $0 = worse exchange rate
  • Best exchange rate = higher fee
  • Small fee = best overall transfer

Depending on the amount you are sending, it may be best to pay a small fee to secure a stronger exchange rate. Comparing a large amount of transfer options can be tricky unless you’re using a comparison table that compiles data based on your sending amount and destination.


Where can I find a promo code for a free money transfer?

Many digital money specialists promote free money transfers through codes on their own sites. Or you can keep it simple by comparing your options through Finder and checking out our independent reviews for promo codes. You’ll find exclusive discounts with popular services like WorldRemit and Ria.

Remitly Remitly

$10 bonus on first time transfer to Ghana or Nigeria

Must send at least $100.

Last verified

Remitly Remitly

Better exchange rate on your first transfer

Available for transfers to India, Philippines, Pakistan, Bangladesh, Sri Lanka and Nepal.

Last verified

CurrencyFair CurrencyFair

10 free transfers for new customers

Sign up and receive your first ten transfers for free

Last verified

OFX OFX

Exclusive exchange rates for Finder readers + $0 fees

Visit the OFX site to see your savings. T&Cs apply.

Last verified

WorldRemit WorldRemit

Zero fees on your first THREE money transfers

Send money with WorldRemit using the code '3FREE' and pay no fees on your first three money transfers

Last verified

Coupon code ends

Cheapest ways to send money overseas

Bottom line

With so many money transfer specialists in the market for your money — longtime mainstays and new digital names — customers both new and old can find promo codes and deals to waive fees on transfers worldwide. Weigh rates, fees and flexibility when comparing international money specialists.

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