Money transfers with $0 online transfer fees |
XE international money transfers

Money transfers with no online transfer fees

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Yes, it is possible to send money overseas for free.

The increasingly competitive online money transfer space is a buyer’s market. There’s a handful of providers that offer free money transfers. Some services give you your first transfer for free, while other providers don’t charge a commission at all. You can even find promo codes to make international transfers cheaper. Expensive banks are no longer the only option to transfer money overseas.

WorldRemit International Money Transfers

Our pick: WorldRemit International Money Transfers

Send money to 140+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FINDER.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

    Compare money transfer services

    What’s a free international money transfer?

    A free money transfer is a no commission remittance. Remittance is a technical term for the delivery of money at a distance. Free money transfer remittance services like WorldRemit and OFX either don’t charge an upfront fee at all, give you your first transfer for free or offer free transfers for transactions of a certain size, like sending more than $10,000.

    World First is a trusted partners of and is offering finder readers an exclusive deal of $0 in fees.

    If you’re looking for $0 fees, think twice about using your bank – most banks charger higher fees and offer poorer exchange rates than money transfer providers.

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    Do free international money transfers actually exist?

    It is possible to find a free money transfer company, but these companies don’t offer something for nothing. The companies that offer a “free” service — that is, they don’t charge a commission or a transfer fee — make their money from the exchange rate spread: the difference between their foreign currency buy and sell rates, and currency conversion.

    Even though you’re not paying an upfront fee, you’ll pay slightly more to buy foreign currency because of a lower exchange rate. The companies that charge a transfer fee tend offer better exchange rates, and some providers offer first-transfer-free promotional offers for new customers as well as free transfers when you’re sending a large amount of money.

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    International money transfer services that currently offer free money transfers

    • World First. World First is offering finder readers fee-free transfers.
    • OFX. OFX recently made $0 fees a standard offering.
    • WorldRemit. WorldRemit gives you your first money transfer for free when you create an account. WorldRemit also gives you more ways to send money overseas; for example, you can top up credit on a mobile phone in India or arrange for home cash delivery in the Philippines.
    • Wyre. Wyre is a partner of and offering readers $0 fees to countries like Brazil and China.
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    Are there any negatives to sending money overseas for free?

    A provider that offers no transfer fee might make up for it with a poor exchange rate, thus negating the savings or making the transfer more expensive than a provider that charges a small fee. See the example below where we compare two transfer companies when sending $1,000 to Egypt:

    Company 1Company 2
    Rate of exchange$1.00 USD = $18.378 EGP$1.00 USD = $18.79 EGP
    Amount received$18,378 EGP$18,777 EGP

    As you can see, although Company 1 doesn’t charge a transfer fee, Company 2’s superior exchange rate provides a greater savings.
    Cheapest ways to send money overseas

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    Where can I find promo codes for a free money transfer? is an online comparison service. We compare products side by side so you can find the right financial product for you. We also offer promotional discount codes for some of the most popular services, including WorldRemit and Ria.

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    Kelly Waggoner

    Kelly Waggoner is a senior editor with She's worked with publishers, magazines and nonprofits throughout New York City, including ghostwriting a how-to on copyediting for the Dummies series. Between projects, she toys with words, flips through style guides and fantasizes about the serial comma's world domination.

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    US International Money Transfers Offers

    Important Information*
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for 100+ currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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