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Cheapest ways to send money internationally

Need to send money overseas? Compare different international money transfer services to find the best one for you.

Without a doubt, some money transfer providers are cheaper than others. We used our 14+ years of money sending experience, combined with data from the World Bank Group, to determine the cheapest ways to send money internationally. Spoiler alert: It’s not your bank.

3 Cheapest ways to send money internationally

The cost to send money varies based on sending amount, destination and more. We compared sending $5,000 from the US to Mexico and found that the three cheapest ways to send money were:

1. Digital money transfers

These specialists offer more affordable transfers than banks, allowing you to manage your transactions from home. In our experience, digital money transfer services are typically the cheapest way to send money internationally.

Costs can vary between money transfer services. Factors like the type of transfer, destination country and the amount being sent can affect your total cost. Therefore it’s important to compare providers to make sure you are getting the best deal.

Cheapest digital transfer services:

2. Send money for cash pickup

Transfers where your recipient can opt for a cash pickup are one of the fastest ways to send money internationally. You can often pay online or at one of the thousands of agent locations worldwide.

Cheapest cash transfer services:

3. PayPal transfers

PayPal offers transfers to more than 100 countries and supports multiple currencies. Its exchange rates are often better than those you’ll get from a bank but not quite as strong as rates offered by money transfer companies. PayPal calculates its transfer fee as a percentage of the amount you’re sending — meaning it’s often better for sending smaller amounts of money.

Why are money transfer providers the cheapest way to send money abroad?

Online money transfer services are often the cheapest way to send money internationally. They typically translate to lower fees and stronger exchange rates than your bank.

Those that operate digitally have lower overheads than your traditional brick-and-mortar services, which means they can afford to charge lower fees. Additionally, there are lots of providers to choose from and this can help drive costs lower.

Compare some of the cheapest ways to send money internationally

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.

1 - 15 of 15
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
CurrencyFair
24 hours
€3

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CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
MoneyGram
Within an hour
From $0

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
WorldRemit
Within an hour
From $1.99
SPECIAL OFFER ✓ Use the code ‘4FREEFINDER’ to get 4 free transfers if you are a first time user. Eligible countries only.

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

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Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Revolut
Revolut
Within minutes
$0

View details
Revolut offers 10 zero-fee international transfers a month, amazing exchange rates, and transfers within 30 minutes.
Instarem
Within an hour
$1

View details
Instarem offers zero transfer fees on all transfers.
OFX International Money Transfers (Business)
24 hours
$0

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Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0

View details
Increase business efficiency with zero transaction fees and same-day transfers.
PayPal
Within minutes
From $0

View details
Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number.
XE Money Transfer for Business
Within minutes
$3

View details
Save your time and money with XE Money Transfer for business.
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