Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Online money transfer companies offer a secure way to send money across borders almost instantly — but a tighter time frame usually means higher fees.
A same-day money transfer allows you to send funds abroad that will arrive with your beneficiary within 24 hours. It’s the same as any other overseas money transfer, but quicker. Also, some providers are able to offer instant transfers.
However, fast transfers usually cost more than regular transfers thanks to high fees and poor exchange rates.
Three main ways exist to transfer money overseas on the same day:
Companies like OFX and CurrencyTransfer specialise in foreign currencies, making them some of the most cost-effective transfers. These services are found online and typically have no physical offices.
You’ll need to visit a provider’s site and initiate the transfer online using a debit card, credit card or bank account.
MoneyGram, Western Union and WorldRemit offer cash pickups. Your money can typically be available for pickup within 15 minutes at hundreds of thousands of locations around the world.
To use this option, visit your nearest agent location to start your transfer. The funds can then be collected by your recipient at a branch in their country of residence.
Major banks in Ireland make it possible to send international money transfers. However, while transfers within 24 hours might be possible to select countries and currencies, funds sent to other destinations could take as long as five days or more to arrive.
Visit your local bank branch or the bank’s website to initiate a transfer, just be sure to check the processing time.
Compare money transfer services
Yes. You can use your established PayPal account to send personal payments in minutes to friends and family abroad. If you don’t have a PayPal account, you can set one up in minutes if you have online access to your bank statements. This is because PayPal deposits small amounts into your account, and you’re required to verify your account based on the deposits.
You’ll typically receive a weaker exchange rate and pay higher transfer fees with same-day transfers, so carefully review the full details of your transfer before you hand over any money. Be aware that some transfer providers — for example, your bank — will not always be able to offer a same-day transfer to your destinations.
Using a transfer provider that offers cash pickup is the most reliable way to send funds overseas almost instantly. But if you have a little extra time, you may be able to get a better deal by sending a bank-to-bank transfer. Be sure to compare money transfer services to find out more about which provider will work best for you.
Binance and Coinbase are two titans of cryptocurrency – let’s see how the two stack up and find out which suits your needs.
See some of the best savings accounts in Ireland right now with high interest rates and no fees, plus tips to help you find the best savings account for you.
Everything we know about the Didi Chuxing IPO, plus information on how to buy in.
A detailed review of the exchange rates, fees and processing times for Ulster Bank international money transfers.
A comprehensive overview of cryptocurrency stablecoins, including how they work, what they’re used for and why they’re important.
Bitcoin loans offer a new and decentralised way to access personal financing. Find out how these loans work in our guide to cryptocurrency lending and borrowing.
It’s possible to make money from cryptocurrency without just buying low and selling high. Here’s how.
Roblox is set to go public, here’s what you need to know if you’re looking to buy in from Ireland.
Deliveroo is set to go public, here’s what you need to know if you’re looking to buy in from Ireland.
The convenience that an online High Interest Savings Account provides can be just the incentive you need to start putting your extra dollars to interest earning use.
