Compare FX rates & fees of 5 international money transfer services

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WorldRemit International Money Transfers

Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide. Your first transfer is free with the code FREE.

Low upfront fees and exchange rates.
Easy to use with round-the-clock help.
Get cash to family and friends in minutes.

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TransferWise International Money Transfers

When you need to send money overseas, benefit from competitive exchange rates and low transfer fees with TransferWise.

Fair service fees and mid-market rates — a major market differentiator.
Next-day delivery to your loved ones and businesses.
Trusted the world over, with five-star ratings on Trustpilot.

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World First International Money Transfers

Special offer for finder.com readers Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free. No fees: There is a $0 online transfer fee for all finder.com customers.

Enjoy competitive exchange rates.
Take advantage of spot contracts, forward contracts and limit orders.
Receive weekly updates on market exchange rates.

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Compare money transfer services

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

Buying property abroad
Emigrating
Regular overseas payments
Risk management
Forecasting

	Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Services	Amount Received	Description	CTA	Details
	USD 1,000	1 day	USD 0.00	0.843	Online, Phone, Bank Account to Bank Account	EUR 4,216	Exclusive offer: $0 transfer fee No-limit transfers with competitive exchange rates for 100+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Forward contracts Customer service Phone, Chat, Email Available currencies AED, AUD, BBD, BGN, BHD, BWP, BZD, CAD, CHF, CZK, DKK, EUR, FJD, GBP, HKD, HRK, HUF, ILS, INR, ISK, JMD, JOD, JPY, KES, KWD, KYD, LKR, MAD, MUR, MXN, MYR, NOK, NZD, OMR, PHP, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TRY, TTD, UGX, USD, ZAR Go to site Read the full review
	USD 1	3 - 5 days	USD 50.00	0.846	Online	EUR 4,189	Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, AUD, BDT, BGN, BRL, CAD, CHF, CLP, CNY, COP, CZK, DKK, EUR, GBP, GEL, HKD, HUF, IDR, INR, JPY, KRW, LKR, MAD, MXN, MYR, NOK, NZD, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, UAH, USD, VND, ZAR Go to site Read the full review
		1 day	USD 0.00	0.843	Online, Phone, Bank Account to Bank Account	EUR 4,214	Exclusive exchange rate discounts No-maximum limit transfers with competitive exchange rates for 100+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount USD 0.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
	USD 100	3 - 5 days	USD 5.00	0.842	Online, Phone	EUR 4,208	Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.	Go to site	Compare	Show details	Details Minimum transfer amount USD 100.00 Transfer methods Online, Phone Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, BGN, BHD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, JPY, KWD, MXN, NOK, NZD, PLN, RON, SAR, SGD, TND, TRY, USD, ZAR Go to site Read the full review
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What's in this guide?

What will it cost me?
How can I save on my transfer?
Business transfers
Instant cash transfers
How to compare providers
What countries can I send to?

Today’s live exchange rates
What are the best services?
Minimum and maximum transfer limits
What are my rights when it comes to money transfers?
Avoid a money transfer scam

Why trust us? Our research team has spent thousands of hours meticulously researching every money transfer provider we compare (and many that we don’t). We even sent transfers with 13 providers to see if their services were as good as they claim. Our editorial guidelines underpin all of our guides, and you can be sure that the information we present is accurate, unbiased, and thoroughly vetted.

What is an international money transfer?

An international money transfer, also known as an international remittance, allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which exchanges the money into your desired currency, and then sends the money to your recipient in another country.

Depending on the provider, this can be done in person, over the phone, through a mobile app or online. Again, depending on the provider, you can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country. Delivery of the funds varies from provider to provider.

How much will a money transfer cost?

There are two ways that a provider makes money on your transfer. The obvious one is the transaction fee. But the sneakier one is what your bank or transfer service marks up on the exchange rate.

Fees

Most providers either charge a set fee per transaction or they charge a percentage of your total transfer amount. To safe on fees, keep an eye out for special deals. For example, World First charges a flat fee of $10 on transfers up to $10,000 and no fee on transfers over that amount. But because World First is a trusted partner of finder.com, you can avoid the fee entirely. Keep in mind that a lower fee doesn’t necessarily translate to the biggest savings. A lower fee might be accompanied by a poor exchange rate, negating any savings from the low fee.

Exchange Rate

The exchange rate determines how much one country’s currency is worth in another currency. Most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Most transfer services will advertise the real exchange rate, or “mid-market rate” — the mid-point between the buy and sell prices of two currencies on the global market. But when it comes time to make your transfer, you’ll notice you almost never get this rate. The provider will mark up the exchange rate — and pocket the difference. Using a provider that offers the most competative exchange rate could save you hundreds on your transaction.

How can I beat the banks and reduce what I pay in fees?

Tips for saving on your international transfer

There’s no one best way to transfer funds overseas. It depends on how much you’re sending, how soon you need it to be made available and the exchange rates at the time. Below are a few tips you can use when sending money overseas.

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 transfers. World First, for example, World First waives fees for all transfers above $10,000. Sending less comes with a $10 fee.
Use forward contracts and limit orders if sending money regularly. A forward contract allows you to lock in a favorable exchange rate for future transfers. This means you avoid unpredictable movements in exchange rates. A limit order allows you to wait until a favorable exchange rate is found, and then lock it in for your transfer.
Send same-currency transfers. It can sometimes be cheaper to transfer US dollars to your recipient, allowing them to transfer the dollars into their own currency when received. Depending on the situation, your recipient could pay lower fees overall.

Alex sends money to Mexico

Alex wants to help his family in Mexico with bills and critical home improvements. He initially planned to transfer $1,000 through his local bank, but he’s decided to compare his bank to an independent service to see what his best option is.

	Bank transfer	Money transfer service
Exchange rate	1 USD = 19.61 MXN	1 USD = 19.95 MXN
Transfer fee	$35	$15
Processing time	2 business days	Within minutes
Amount received in MXN	19,610 MXN	19,950 MXN

Visiting his local bank, Alex learns that he’ll need to transfer money from his account to another bank account, which will take a few days. His bank offers a weaker exchange rate and a stiffer transaction fee than a money transfer service does. Overall, he’ll be out $1,035 for the transfer. Working with a money transfer service, Alex discovers it offers not only a stronger exchange rate but also a lower transaction fee. It charges a mere $4 for bank-to-bank transfers but offers quicker cash pickups for only $11 more. By going with a transfer service, Alex saves $20 in fees and his family can pick up the cash — and an additional 340 MXN — within minutes.

Business or personal?

Consider the purpose of your transfer. Are you sending money to friends and family overseas, or are you a business looking to pay for goods and services, potentially regularly? For business owners, time is our greatest commodity. Without time to research our options, we often end up going with our bank. But a little planning can set you up for significant savings on your transfers. If you send transfers of $1,000 every week, you could save $40 each time. That’s a savings of $2,000 a year simply by choosing a competitive independent service over your bank.

Save on business transfers

Instant cash transfers

Many online money transfer providers allow you to send and receive funds almost instantly. Transferring the money into a bank account might take a few days. Bank-to-bank transfers also take a few days to clear. If you need to send a same-day or emergency transfer, there are providers that allow your recipient to pick up their funds quickly, often within an hour.

Larger payment networks allow for nearly instant transfers with cash pickup:

How to safely make an emergency money transfer to a friend or family member.

Today’s live rates

We’ve gathered today’s best rates to inform your foreign exchange decisions.

Refreshing in: **60s** | Fri, 20 Oct 03:16am GMT
	USD	AUD	CAD	EUR	CNY	GBP	INR	MXN	PHP
1 USD =	1.0000	1.2749 Inverse: 0.7844	1.2514 Inverse: 0.7991	0.846197 Inverse: 1.1818	6.6178 Inverse: 0.1511	0.76291 Inverse: 1.3108	64.989998 Inverse: 0.0154	18.8662 Inverse: 0.0530	51.529999 Inverse: 0.0194
1 AUD =	0.7844 Inverse: 1.2749	1.0000	0.9816 Inverse: 1.0188	0.6637 Inverse: 1.5066	5.1908 Inverse: 0.1926	0.5984 Inverse: 1.6711	50.9766 Inverse: 0.0196	14.7982 Inverse: 0.0676	40.4189 Inverse: 0.0247
1 EUR =	1.1818 Inverse: 0.8462	1.5066 Inverse: 0.6637	1.4789 Inverse: 0.6762	1.0000	7.8206 Inverse: 0.1279	0.901575 Inverse: 1.1092	76.802439 Inverse: 0.0130	22.2953 Inverse: 0.0449	60.8960 Inverse: 0.0164
1 GBP =	1.3108 Inverse: 0.7629	1.6711 Inverse: 0.5984	1.6403 Inverse: 0.6096	1.1092 Inverse: 0.9016	8.6744 Inverse: 0.1153	1.0000	85.186935 Inverse: 0.0117	24.7292 Inverse: 0.0404	67.5440 Inverse: 0.0148

What are the best international money transfer services?

We researched over 35 providers and sent money transfers to two countries to find out who offers the best products. Click to have a look at our in-depth research and testing to find out which providers won awards for Best User Experience, Most Convenient, Fastest Transfer, Most Trustworthy, Best Transfer Rates, and Most Outstanding Product.

How do I compare international money transfer providers?

Exchange rates

This is the rate at which your money will be converted to your target currency. Some transfer providers offer lower fees but weaker exchange rates, while others charge no fees but profit from the margin between its rate and the mid-market rate. Compare the total cost of your transfer to make sure you’re getting the best deal.

Fees

Your bank or transfer provider will usually charge a fee for making a transfer. Fees can vary widely depending on who you’re transferring with. Generally, fees come in the form of a flat fee (such as $5 for transfers up to $5,000) or a percentage of your transaction (such as 1% of your transfer amount).

Transfer options

Independent transfer services like OFX and World First offer competitive exchange rates and no fees. If you want to send and receive cash right away, compare options like WorldRemit, Ria, MoneyGram and Western Union. Bank-to-bank transfers are safe and convenient but typically not your cheapest or fastest option.

Amounts

The best method for transferring money might depend on how much you want to send. If you’re making a transfer of five figures or more, you’ll want to make sure you’re getting the best exchange rate — especially since providers encourage large transfers by offering low fees. If you’re sending a small amount to friends or family, it’s wise to also consider any fees you’ll pay on top of the exchange rate.

Frequency & Purpose

Sending a one-time transfer differs from sending regular transfers, whether to pay for bills like an overseas mortgage payment or for goods and services. With a one-time transfer, you may put more weight on speed and flexibility in delivery, such as cash pickup. But if you’re sending recurring payments, you’ll want to set up regular transfers that can save you the most on rates and fees over the long term.

Speed

Sometimes you or a loved one is in an emergency and needs funds quickly — and in cash. Thankfully there are global money transfer providers with tons of agent locations that allow your recipient to pick up the funds in cash, often within minutes. If you have a little more time, however, consider an independent transfer provider that can get you much lower fees and stronger exchange rates.

What currencies can I send overseas?

The United States does business with just about every country worldwide. When it comes to money transfers, you have options to convert your dollars into Mexican pesos, Kenyan shillings and many currencies in between. Larger networks like Western Union will have the largest number of possible currencies, whereas smaller banks and other services usually limit their supported currencies to the most popular ones.
Choose your country from the drop-down:

Send money overseas:

Your best exchange options are online

The rise of online money transfer services gives you more options — and stronger rates — than ever before. These services specialize in safely moving money internationally, saving you frustration when making or receiving regular payments.

For expats

Whether you’re putting roots down in France, opening an office in Japan or spending while vacationing in Australia, compare to get the best exchange rates and lowest fees on sending money internationally.

For owners of overseas properties

Buying, selling or investing in a property abroad? Compare transfer services to make your purchase safely, whether closing on your dream home or scheduling recurring payments.

For larger international payments

Maybe you’re ready to buy that boat you’ve been eyeing. It could be time to pay off your child’s education abroad or support their destination wedding. Perhaps you’re coming into an inheritance that needs to be transferred to your US account. When transferring big money, it all comes down to the exchange rate.

How important is the exchange rate?

A solid exchange rate is crucial. When it comes to larger amounts, even two cents in your favor can save — or cost you — hundreds of dollars. If you have the luxury of time, you may be able to take advantage of a limit order. A limit order allows you to set a target exchange rate with a service or broker, which monitors the markets 24/7 to ensure you don’t miss that target. Once rates meet your what you’re looking for, you give the OK to complete the transfer. Services like OFX offer free limit orders for transfers of $35,000 and more.

When a few cents totals thousands

How important is the exchange rate? Say you need to get 500,000 euros to a broker in Spain for a down payment on a pied-à-terre. The mid-market rate for dollars to euros is 1 USD = 0.95 EUR. You’re happy to find two online services that are pretty close to the mid-market rate — one is offering 0.93 for your dollar and the other 0.92. But to be sure, you crunch the numbers.

	Service A	Service B
Exchange rate	1 USD = 0.93 EUR	1 USD = 0.92 EUR
Inverse exchange rate	1 EUR = 1.075 USD	1 EUR = 1.087 USD
500,000 euros in dollars	$537,500	$543,500

Finding the inverse rate, you learn that the exchange rates are a mere 1 cent difference (0.012 cents, to be exact). Yet, when applying these rates to 500,000 euros, you’d lose $6,000 to the first money transfer service on the exchange rate alone. That’s a lot of rioja you could be sipping in Madrid.

How do I find the inverse exchange rate? The world of finance can feel hopelessly complicated. But it’s easy to find the inverse exchange rate for your currency. If you think of an exchange rate as A = B, you’d simply divide the number 1 by B: 1/B Take 1 USD = 0.93 EUR. To find how much 1 euro is worth in dollars using this same exchange rate, divide 1 by 0.93: 1/0.93 = 1.075. With this exchange rate, 1 euro is worth $1.075.

Compare minimum and maximum transfer limits

Minimum and maximum transfer limits can vary by provider, currencies and recipient country.

Provider	Minimum transfer amount	Maximum transfer amount
OFX	$150	No limit
HiFX	$50	No limit
World First	$1,000	No limit
WorldRemit	$1	$2,000
Travelex International Payments	$500	No limit
TorFX	$200	No limit
Currency Online	$0	No limit
Western Union	$1	$5000 per transaction
TransferWise	$1	Private individual — $49,999 a day and $199,999 a year Business — $199,999 a day and $1 million a year
Xoom	Varies by country	$2,999 every 24 hours, up to $6,000 every 30 days and up to $9,999 every 180 days
MoneyGram	$1	$2,999 a day and up to $2,999 every 30 days
RIA	$1	$2,999 a day and up to $7,999 every 30 days

My rights when it comes to money transfers

Federal law requires most banks, credit unions and money transfer services to give you information both before and after any transfer of $15 or more.

Before you agree to a transfer, you have the right to know:

The exact exchange rate you’ll receive.
Any fees and taxes collected from you in connection with the transfer.
Any fees charged by overseas agents or other entities involved in the process.
The total amount your recipient will receive.

You also have the right to cancel your transfer without penalty within 30 minutes of initiating it, unless it’s already been picked up or deposited.

If there’s any error with your transfer, your bank or transfer service has 90 days to work through any problems to make it right.

How do I track it?

Most services will give you a tracking number or ID that you can use to check the status of your transfer. In many cases, your recipient will also receive one so they can check as well.

Learn how to track, cancel or get a refund

Should I be concerned about taxes?

There is so much attention on money leaving the country that whether you fail to report, don’t know you have to report or don’t report your taxes as required by law — it will likely be discovered. If you’re found not in compliance, you’re on the hook for some stiff penalties that include multi-year penalties and even jail time. To avoid a tax minefield, know the tax thresholds and how to report when you’ve met them.
What are the tax requirements when sending a large transfer?