Take advantage of a free money transfer

Send money for free using promo codes, specials and introductory rates.

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The increasingly competitive online money transfer space is a buyer’s market that offers lower fees, stronger rates and more flexibility than your local bank. Add to that the handful of providers running special offers or promo codes for free transfers or no commission, and you’ve got one big incentive to try out a digital money specialist.

Why we like: WorldRemit

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Your first transfer is free with the code FINDER.

  • The first transfer is free
  • 30,000+ partner agent locations worldwide
  • No minimum transfer amount

Why we like: WorldRemit

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

  • Use promo code FINDER to send your first transfer with no fee.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.
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Do free international money transfers actually exist?

Yes. But money transfer specialists aren’t in the business of offering something for nothing.

Companies that advertise a “free” service — such as no commission or transfer fees — make up for it by applying a “spread” or margin on the mid-market rate, or the rate rate financial institutions use when trading currency among themselves. This margin varies by country and currency but can be anywhere from 0.1% to 10%, depending on the company and where you’re sending to. The cost of the margin markup can outweighs the “free” transfer, which makes for an unpleasant surprising.

Charging a transfer fee can be a way for transfer companies to offer stronger exchange rates, which benefit large transfers. With research, you might find a company that waives transfer fees for new customers.

Ways to get a free money transfer

With so many companies angling for a piece of the remittance pie, the best deal may involve a promotional push for new customers or a promo code for waived fees or discounts off your total.

Money transfer companies make you pay through fees or mid-market markups — and sometimes both. To transfer money for free:

  • Use a promo code. A promotional code for a company without a markup on the mid-market rate will allow you to transfer for free. A list of our current coupons and promotions can be found below.
  • Transfer with a company that doesn’t charge fees. Some money transfer companies forgo flat fees by adding a small percentage on top of the exchange rate. International money transfer services offering free transfers include:

    Compare money transfer services

    Keep your hunt for low-cost money transfers simple by first narrowing down a digital money specialist that fits your sending needs. If that service offers a promo code for free transfers, you’ll find it on our unbiased review pages.

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 1 - 2 days USD 1.99 18.528 MXN 92,603 Quick, affordable transfers around the world. Remitly also has an express option that can transfer your money in minutes for a higher fee. The cheaper option takes several days. Go to site Show details
    USD 1 1 - 2 days USD 0.00 18.812 MXN 94,058 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 1 1 - 2 days USD 50.00 18.906 MXN
    93,585
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    USD 1 Within an hour USD 3.99 18.827 MXN 94,058 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    GBP 1,000 1 - 2 days USD 0.00 18.717 MXN 93,585 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
    For larger transfers, get no transaction fees and no maximum send limits.
    Go to site Show details
    USD 1,000 1 day USD 0.00 18.717 MXN 93,585 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
    USD 5,000 1 day USD 0.00 18.717 MXN 93,585 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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    Let’s crunch the numbers: The cost of a free transfer

    To put this into perspective, let’s see what a free transfer actually looks like when sending $6,000 USD to MXN. Compared using live exchange rates from Jan 28, 2020.

    $0 fee transferStrongest exchange rateLow fee, strong exchange rate
    Fee$0$60$3.99
    Exchange rate1 USD = 18.737 MXN1 USD = 18.831 MXN1 USD = 18.755 MXN
    Transfer speed1-2 days1-2 daysMinutes
    Amount receivedMXN112,419MXN111,854MXN112,457
    Overall
    • $0 = worse exchange rate
    • Best exchange rate = higher fee
    • Small fee = best overall transfer

    Depending on the amount you are sending, it may be best to pay a small fee to secure a stronger exchange rate. Comparing a large amount of transfer options can be tricky unless you’re using a comparison table that compiles data based on your sending amount and destination.


    Where can I find a promo code for a free money transfer?

    Many digital money specialists promote free money transfers through codes on their own sites. Or you can keep it simple by comparing your options through Finder and checking out our independent reviews for promo codes. You’ll find exclusive discounts with popular services like WorldRemit and Ria.

    WorldRemit Deals WorldRemit Deals

    Zero fees on your first THREE money transfers

    Send money with WorldRemit using the code '3FREE' and pay no fees on your first three money transfers

    Last verified

    Coupon code ends

    WorldRemit Deals WorldRemit Deals
    Exclusive

    WorldRemit: First Transfer FREE

    You first transfer is free with WorldRemit when you use this coupon code. Send or pick up cash in the US or around the world.

    Last verified

    Exclusive
    InstaReM InstaReM

    Get a $5 bonus on your first transfer with InstaReM

    Enjoy a transfer bonus of US$5 when you use InstaReM for the first time.

    Offer is valid on transfers of US$500 or more. T&Cs apply.

    Last verified

    WorldRemit Deals WorldRemit Deals

    WorldRemit - Zero Fees on Your 1st Money Transfer

    Send your first transfer for free when you use our exclusive coupon.

    Last verified

    Cheapest ways to send money overseas

    Bottom line

    With so many money transfer specialists in the market for your money — longtime mainstays and new digital names — customers both new and old can find promo codes and deals to waive fees on transfers worldwide. Weigh rates, fees and flexibility when comparing international money specialists.

     

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