Mobile money transfer apps make sending money internationally convenient, but which app is the best? Depending on where you’re sending money and how fast you need it to arrive, you may find what you need in these highly rated apps.
We looked not only at customer reviews on both the Apple App and Google Play stores, but also took into consideration the features of each of the services.
With the Remitly app, you’ll be given an exact date and time for when your money will be available for your recipient. If your transfer is late, Remitly has a money-back guarantee. Learn more about this and other features before downloading the app to make sure it’s the right fit for you.
Features in the app
Live exchange rates
Set rate alerts
Track your transfer
Available on iPhone
Available on Android
Available in other languages
Pros
Cash pickup available
No minimum transfer
Large range of destinations
Funds can be received through mobile money
Cons
Limit on how much you can send
Fees change depending on the speed of your transfer
Requires government-issued ID
Data from August 1, 2020
Apple Store
Google Play
Rating
4.7
4.8
Average rating: 95%
# of reviews
46,413
70,400
Total reviews: 116,813
Calculate your transfer with Remitly
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
2. OFX
With OFX’s mobile app, send money transfers of $1,000 or more to 195 countries worldwide. You can also use the app to register for an OFX account, monitor current and historical exchange rates, track your transfers and set rate alerts. Transactions are free, but OFX takes a slight margin on currency exchange rates.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
3. TransferWise
Send payments to friends, family and businesses in 30 countries with the TransferWise app. It includes a calculator you can use to get exchange rates and fees for specific transfers and offers an easy way to upload a photo of any personal ID needed to get started with TransferWise.
Features in the app
Live exchange rates
Set rate alerts
Track your transfer
Available on iPhone
Available on Android
Available in other languages
Pros
No minimum transfer amount
Uses the mid-market rate
Transparent with fees
Can pay with Apple Pay (although paying by card incurs higher fees)
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
4. WorldRemit
With the WorldRemit app, you can send money to more than 150 countries for bank deposit, mobile airtime top-up and even cash pickup. WorldRemit has no minimum transfer amount, but its maximums vary depending on the destination country. Learn more about WorldRemit before downloading the app to make sure it’s the right fit for you.
Features in the app
Live exchange rates
Set rate alerts
Track your transfer
Available on iPhone
Available on Android
Available in other languages
Pros
Cash pickup available
No minimum transfer
Large range of destinations
Competitive exchange rates
Funds can be received through mobile money
Cons
Limit on how much you can send
Fees change depending on the amount you transfer
Not as many extra features as other money transfer apps
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
5. XE Money Transfer
The XE Money Transfer app lets you exchange money at a more competitive exchange rate than you’d find at the bank and makes tracking multiple exchange rates a breeze. It also offers low fees and low minimum transfer amounts.
Features in the app
Live exchange rates
Set rate alerts
Track your transfer
Available on iPhone
Available on Android
Available in other languages
Pros
No fees
No maximum transfer limit
Set custom currency pair alerts
Send money to more than 130 countries.
Cons
Doesn’t use mid-market rate
Only bank-to-bank transfers
No cash pickup
Data from August 1, 2020
Apple Store
Google Play
Rating
4.6
4.5
Average rating: 90%
# of reviews
2,022
91,657
Total reviews: 93,679
Calculate your transfer with XE
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
6. Western Union
Use Western Union’s Money Transfer app to transfer funds to more than 200 countries and territories around the world. You’ll also gain access to a map of worldwide agent locations and their directions and hours for cash pickups.
Features in the app
Live exchange rates
Set rate alerts
Track your transfer
Available on iPhone
Available on Android
Available in other languages
Pros
Almost-instant transfers to cash pickup
Can pay with bank transfer, cash, card or Apple Pay
Transfers to many currencies
Cons
Less competitive exchange rates
Transfer fees to some countries can be significant