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Take advantage of a free money transfer

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

Updated

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

WorldRemit - United States

Why we like: WorldRemit

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.

  • Use promo code 3FREE to send your first three transfers with no fee.
  • No minimum transfers.
  • Wide range of destinations.
  • Competitive exchange rate.
Promoted

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 1,000 1 day USD 0.00 21.39 MXN 106,950 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
    GBP 1,000 1 - 2 days USD 0.00 21.39 MXN 106,950 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 1 - 2 days USD 0.00 21.509 MXN 107,544 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 0 1 - 2 days USD 1.99 21.174 MXN 105,828 Special offers like free transfers and better exchange rates available for new customers.
    Quick, affordable transfers around the world with both express and economy options.
    Go to site Show details
    USD 1 1 - 2 days USD 50.00 21.606 MXN
    106,950
    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 21.515 MXN 107,491 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

    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
    Back to top

    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.

    Remitly Remitly

    Fee-free transfer for first-time users

    Available for transfers to the Philippines, Dominican Republic, El Salvador, Honduras, Nicaragua, Kenya and Peru.

    Last verified

    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
    Remitly Remitly

    Better exchange rates for new customers

    Available for transfers to Mexico, Philippines, India, Colombia and Dominican Republic.

    Last verified

    WorldRemit Deals WorldRemit Deals

    WorldRemit - Zero Fees on Your First Money Transfer

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

    Last verified

    Remitly Remitly

    $23 MXN por cada dólar estadounidense en tu primera transferencia

    Disponible solo para clientes nuevos y en los primeros $500 USD enviados.

    Last verified

    Deal ends

    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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