Best international money transfer apps

When it comes to sending money overseas, banks aren’t your only option. You’ll often get lower fees and more convenient transfer options with a money transfer app.

We’ve scoured the market to find the best international money transfer apps, comparing transfer fees, exchange rates, speed, user friendliness and more. Here are our top picks.

1. XE Money Transfers

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Best for sending free or low-fee transfers: XE Money Transfers

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• Pros and Cons
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• Free for transfers over $500 (otherwise a fee applies)
• Same-day delivery for some transfers
• Competitive exchange rates

• No cash pick-up option
• Some destinations not supported (incl. China, Cayman Islands and Egypt)

With a high maximum transfer amount and no fees for transfers over CAD500, XE Money Transfers are cost effective if you send funds frequently. But if you need to send cash or pay in cash, you'll have to look elsewhere.

Rated 3.6/5 on Google Play and 4.4/5 on the Apple App Store

How do I find the best money transfer app?

Consider the following factors when comparing the value and quality of money transfer services:

Compare money transfer services

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Name	Product		Filter Values	Fastest Transfer Speed	Fees (Pay by Bank Transfer)	Learn More
Dunbridge Financial				24 hours	$0	Go to site View details	Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.		loading Fetching your data...
OFX				24 hours	From $15	Go to site View details	Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.		loading Fetching your data...
XE Business Transfers				Within minutes	$0	Go to site View details	XE Money Transfer can help your business unlock international transfers. Forward contract and limit order options available.		loading Fetching your data...
CurrencyTransfer				24 hours	$0	Go to site View details	CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.		loading Fetching your data...

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Bottom line

To find the best international money transfer app, you need to look at fees, exchange rates, transfer options, speed and safety. Consider whether you’ll be sending small or large transfers, how often you need to send money, and which payment methods are the most convenient for you. To learn more about sending money overseas, check out our guide to international money transfers.

Frequently asked questions

• Where can I send money with a mobile app?

  Your list of destination countries depends on the money transfer service you’re using. Some like OFX, WorldRemit and Western Union support transfers to many countries, while other providers specialize in transfers to certain geographic regions.

• How fast will my money get there?

  International money transfers often take anywhere between minutes and several business days to process. The transfer speed ultimately depends on the financial network your transfer service uses to transmit funds and the type of transfer you’re sending. Typically, bank wire transfers take the longest, while transfers funded by cash or debit can be processed almost instantly.

• Is it safe to send an international money transfer?

  Money transfer service providers usually follow industry-standard practices for protecting customers’ sensitive information and handling money securely. This includes data encryption, multi-factor authentication, 24/7 fraud monitoring and more. Banks and other financial institutions follow these types of security practices as well.

  Additionally, money transfers services are required to comply with regulations established by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to prevent fraud and money laundering.