Money Transfer Finder™

Find the best exchange rates and lowest fees when you send money overseas from Ireland.

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Send money internationally with XE

XE specializes in a wide range of foreign currency solutions and offers an affordable option when you need to send money overseas.

  • Send money to 170+ countries
  • Competitive exchange rates that are often better than banks
  • Transfer up to $500,000 online
  • See exchange rates in real-time
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Compare money transfer services

Updated April 9th, 2020
Name Product Minimum Transfer Transfer Time Transfer Fee
XE Money Transfers - Ireland
EUR 1
1 day
EUR 0
TransferWise - Ireland
EUR 1
1-2 days
Varies
CurrencyFair - Ireland
EUR 5
1-2 days
Varies
Azimo - Ireland
GBP 10
1 day
Varies
TorFX International Money Transfers - Ireland
TorFX International Money Transfers - Ireland
EUR 2000
1-2 days
EUR 0
WorldRemit - Ireland
EUR 1
Same day
Varies
WorldFirst - Ireland
EUR 1,000
1-4 days
EUR 0
OFX - Ireland
EUR 100
1-2 days
EUR 0
CurrencyTransfer - Ireland
CurrencyTransfer - Ireland
GBP 5,000
1-2 days
EUR 0
Remitly - Ireland
Remitly - Ireland
EUR 0
1-5 days
EUR 2.99
Currencies Direct - Ireland
Currencies Direct - Ireland
EUR 2000
2 working days.
EUR 0
MoneyGram - Ireland
USD$1
1 day
EUR€3.00
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What is an international money transfer?

An international money transfer is what happens when you send money to someone overseas. You provide funds and your recipient’s details to a bank or an independent transfer provider, which then exchanges the money into your desired currency and sends it to your recipient. You can send money over the phone, in person, through a mobile app or online.

You also have options when it comes to paying, depending on what the service you choose offers:

  • Cash
  • Credit or debit card
  • Bank transfer
And you have options for how your recipient receives the transfer:

  • Bank account
  • Mobile wallet
  • Cash pick-up
  • Home delivery

Learn more about money transfers for:

How to transfer money internationally

There are two main ways to send money out of Ireland: a specialist money transfer service or your bank. Both banks and transfer services offer online transfers, with some offering in-branch transfers or the ability to send money over your phone via an app or calling an agent.

We’ll go through the steps each method takes if you were sending online.

Through a money transfer specialist

The following steps give a good example of a typical transfer using a money transfer company.

  1. Register online with the transfer service of your choice.
  2. Input transaction details, including the amount you want to transfer.
  3. Get approved by the transfer company. You may need to scan or email a copy of your photo ID for the first transaction.
  4. Transfer funds through your bank using the account details from your transfer company.
  5. Get your money. Your transfer service will deposit your funds in your destination account.
  • For you if
    You want a more competitive exchange rate and lower fees than a bank transfer.
  • Not for you if
    You want the familiarity and convenience of a known bank and don’t have time to be verified.

Through your bank

If you choose to use a bank to carry out your transfer, the process is a little different.

  1. Navigate to the international money transfers section of your account.
  2. You’ll usually need to know the address of the receiving bank, the account details of the receiving account, the account name and often the receiving bank’s SWIFT code (an international bank identification system).
  3. It’s a good idea to check with your bank about exchange rates.
  4. You can use this method to send an international money order online to your home bank account or to a third party.
  • For you if
    You want the convenience of sending money directly from your existing bank account immediately.
  • Not for you if
    You want fewer fees and a better exchange rate.

Tips for saving on your international transfer

While there’s no best way to transfer funds overseas, there are a few things you can do to make it cheaper.

  • Know your transfer currency’s mid-market rate. This rate is the midpoint between worldwide supply and demand for that currency – and the rate banks and transfer services use when they trade among themselves. Use it as a baseline to compare against the rates you’re being offered. The company that’s closest is offering you the best rate.
  • Send more money per transfer. Many services discount the fees or waive them altogether when you send larger amounts.
  • Use forward contracts and limit orders if sending money regularly. A forward contract allows you to lock in a favourable exchange rate for future transfers. This means you’ll avoid unpredictable movements in exchange rates. A limit order allows you to wait until a favourable exchange rate is found, and then lock it in for your transfer.

What should you watch out for?

Keep an eye out for the following when you send money overseas:

  • Hidden fees. No transfer is truly free. If a service is advertising “fee-free transfers”, there’s probably a larger margin added to the exchange rate. Compare the rate you get quoted against the mid-market rate (which you can find on Google) to see if you’re getting a good deal.
  • Fake rates. If you see a great exchange rate advertised on a provider’s website, make sure the rate you see is the rate you will actually receive. Some companies advertise the mid-market exchange rate, which is the rate at which banks purchase foreign exchange, rather than the rate they actually offer their customers.
  • Failing to do your research. If you want to save some money, compare several transfer providers before choosing one to sell your transaction. Shop around for a company that offers reliable and affordable transfers, instead of just diving in head-first.
  • Scams. Scams can cost dearly so it’s important to keep an eye out for the most common scams. In general, it’s best to only send money to someone you know personally.
  • Taxes and regulation. Each country regulates money transfers differently. Make sure you’ve read up on if your recipient needs to pay taxes on the money they’re being sent. In Ireland, you won’t have to personally report the amount of money you transfer. Transfers over €10,000 will need to be declared to the European Union authorities, however, the bank or transfer provider you use should handle this part. Other countries, like India or the US, have stricter regulations.

Other frequently asked questions

Sending to a specific country? Learn more

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