- No minimum transfers
- Wide range of destinations
- Competitive exchange rate
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If you want to make a fast international money transfer, using instant money transfer services that offer cash pickup is the fastest option — but it’s not always the cheapest. Comparing instant cash transfer services can help you save on fees, leaving more cash in the hands of your recipient. Read on to discover if speed is really what you need or if another option might be best — for you and your wallet.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
The quickest way to send an international money transfer is with an instant cash transfer. These transfers allow you to send money that will then be available for collection as cash within as little as 20 seconds.
Some providers also offer the option of transferring funds directly to your recipient’s bank account, but these transactions take longer to complete.
Once you’ve chosen an instant money transfer service, it’s quick and easy to send an instant cash transfer. Although some providers allow you to pay for the transaction online, the most common transfer method is to pay cash in person at a transfer provider’s agent location.
The exact transfer process varies slightly from one company to the next but you will usually have to follow these steps:
Three of the largest instant money transfer services are:
Read more in our WorldRemit review.
For both online and in person, you can only send up to $10,000 to most countries — though limits can vary. Read our MoneyGram review for more information.
Read our Western Union review for information on transfers and rates.
Some instant money transfers are as quick as 20 seconds, other international cash transfer services could take up to 5 business days. How long your international money transfer takes could depend on your chosen provider, recipient’s country and the transfer amount.
The fees you’ll pay depend on the provider you’ve chosen. In general, there are three types of fees. First, there’s the transfer fee. This is often a flat fee charged by instant cash transfer services for sending your money. Next, there are exchange rate fees which could involve a slightly marked-up exchange rate. Lastly, you should keep an eye out for miscellaneous fees, like third-party fees charged by your recipient’s bank.
Instant money transfers are typically more expensive than standard money transfers — that’s because you’re paying a slight premium for quicker speeds. These transfers use special routes to help your recipient receive your cash as quickly as possible. Such routes are more costly for the transfer company to utilize, so a fraction of this cost is often passed on to customers. Compare the premium you’re paying for an instant transfer versus the urgency with which you need to send your money to decide if a particular provider offers you the best bang for your buck.
Instant money transfers can work as quickly as 20 seconds — while most other services take up to 5 business days to clear international money transfers.
Instant money transfers are safe if you are using a regulated online money transfer service. When in doubt, check your money transfer provider’s website for the proper certification before opening an account.
Most instant money transfer providers allow you to track your transfer through the account you make with them. Others go the extra mile to send you text or email updates. If you want urgent updates on your money transfer, get in touch with your money transfer service provider either through email or their hotline number.
Certain instant money transfer providers offer this service at a premium compared to regular money transfer services — after all, you’re sending your money much quicker than with standard transfer methods. However, more instant money transfer platforms tend to keep their costs low by offering competitive exchange rates.
Standard transfers use different currency routes than instant money transfers. The routes used by instant money transfers are much quicker, allowing your recipient to receive their cash much faster.
That depends on your provider — but in general, larger transfers could take a longer time to process.
Ready to use an instant money transfer service? Compare money transfer services now to find the best deal for you.
Sign up for an account and pay no fees to send quick and easy money transfers to multiple beneficiaries.
Sigue offers speedy money transfers to 50+ countries, but you have to set up a transfer to see the transaction fees.
Join Boss Revolution with an email address and phone number, and send money within minutes.
Usend combines money transfers, bill pay and mobile phone reloading.
Paysend offers transfers to more than 70 countries through its app and online service.
Using international money orders to send money overseas? Learn about better options.
Sending a payment to a company but confused about which address to use? Learn about remittance addresses with our guide.
We’ve unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe.
Learn about how TransferMate’s personal product works and what it can do for you.
Check out this side-by-side comparison of Xe and OFX to find out which provider offers the best value on international money transfers.
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