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If you need to send money overseas to a loved one without a bank account, then you can use a money transfer specialist who offers cash pickups. These types of transfers are fast and secure, with pickup locations available across the globe. However, you will need to watch out for weaker exchange rates and higher fees compared to deposit transfers.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
A cash pick up allows your recipient to pick their money up in cash from a physical location, rather than through a digital deposit into a bank account. Cash pickups can be fast and convenient, and are available worldwide. They allow your recipient to have instant access to the money you have sent, without the need for a bank account.
Cash pickup services vary from company, but typically they require four simple steps:
Some providers allow you to process a money transfer without a bank account. This is especially useful for the unbanked and underbanked, because you can take cash into a physical location for sending around the world.
If you’re the intended recipient of a transfer, look for a money transfer near you in order to find a cash pickup location.
It is important to compare cash pickup service providers, taking into account the best deal for you and whether or not it meets your recipient’s needs. Here are some things to consider:
While cash pickups provide a fast turnaround and are often convenient, you will probably face higher fees and weaker exchange rates.
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Compare diverse options to send money overseas and determine which pick is the best fit for your transfer.
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