Compare FX rates & fees of 5 international money transfer services

Compare international money transfers

Get the best rates and fees when you send money abroad.

Find the best provider for your transfer

Answer three quick questions and we’ll give you an instant recommendation for a money transfer service based on your needs.

Question 1 of 3

How much do you plan to send?

Question 2 of 3

Does your recipient have a bank account?

Question 3 of 3

When can they receive the money?

Based on your answers, check out:

WorldRemit International Money Transfers

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.

    TransferWise International Money Transfers

    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.

      World First Foreign Exchange

      World First International Money Transfers

      Special offer for readers Because World First is a trusted partner of, you can send your money transfer overseas for free. No fees: There are no online transfer fees for all readers.

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

        Compare money transfer services

        Use the currency transfer calculator below by entering the amount you want to send and choose the currency you are sending to.

        I want to send


        Enter your details to speak to a foreign exchange expert

        By submitting this form, you agree to privacy policy
        Ofx Logo

        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 0.804 Online, Phone, Bank Account to Bank Account EUR 4,020 Exclusive offer: $0 transfer fee
        No-limit transfers with competitive exchange rates for 100+ currencies.
        Go to site Show details
        USD 1 3 - 5 days USD 50.00 0.807 Online EUR
        Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
        USD 1,000 1 day USD 0.00 0.804 Online, Phone, Bank Account to Bank Account EUR 4,018 Exclusive exchange rate discounts
        No-maximum limit transfers with competitive exchange rates for 100+ currencies.
        Go to site Show details
        USD 100 3 - 5 days USD 5.00 0.803 Online, Phone EUR 4,012 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
        USD 1 Within an hour - - Online, Bank Account to Bank Account, Cash Transfer Use promo code FREE to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

        Compare up to 4 providers

        What's in this guide?

        • 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.

        Just some of the brands we compare

        World First logo money transferHIFX logoOFX LogoCurrencies Direct Logo
        transferwise logoMoneygram LogoWorldRemit LogoTravelex
        CurrencyFair logoRia LogoTORFX LogoWestern Union logo money transfers

        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.


        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, 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 transferMoney transfer service
        Exchange rate1 USD = 19.61 MXN1 USD = 19.95 MXN
        Transfer fee$35$15
        Processing time2 business daysWithin minutes
        Amount received in MXN19,610 MXN19,950 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.

        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 | Tue, 20 Feb 01:19am GMT
        1 USD = 1.0000 1.2652 Inverse: 0.7904 1.2573 Inverse: 0.7954 0.806756 Inverse: 1.2395 6.3505 Inverse: 0.1575 0.715023 Inverse: 1.3986 64.515 Inverse: 0.0155 18.5371 Inverse: 0.0539 52.305 Inverse: 0.0191
        1 AUD = 0.7904 Inverse: 1.2652 1.0000 0.9937 Inverse: 1.0063 0.6376 Inverse: 1.5683 5.0193 Inverse: 0.1992 0.5651 Inverse: 1.7695 50.9916 Inverse: 0.0196 14.6514 Inverse: 0.0683 41.3410 Inverse: 0.0242
        1 EUR = 1.2395 Inverse: 0.8068 1.5683 Inverse: 0.6376 1.5585 Inverse: 0.6417 1.0000 7.8717 Inverse: 0.1270 0.886294 Inverse: 1.1283 79.968439 Inverse: 0.0125 22.9773 Inverse: 0.0435 64.8337 Inverse: 0.0154
        1 GBP = 1.3986 Inverse: 0.7150 1.7695 Inverse: 0.5651 1.7584 Inverse: 0.5687 1.1283 Inverse: 0.8863 8.8815 Inverse: 0.1126 1.0000 90.227886 Inverse: 0.0111 25.9252 Inverse: 0.0386 73.1515 Inverse: 0.0137

        What are the best international money transfer services?

        finder Money Transfer Awards

        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 icon

        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.

        Money transfer fees icon


        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).

        Money transfer options icon

        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.

        Money transfer coin stack icon


        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.

        Money transfer frequency icon

        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.

        Money transfer speed icon


        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:

        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.

        Expat passport icon

        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.

        Overseas property icon

        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.

        Stack of dollar bills icon

        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 AService B
        Exchange rate1 USD = 0.93 EUR1 USD = 0.92 EUR
        Inverse exchange rate1 EUR = 1.075 USD1 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.

        ProviderMinimum transfer amountMaximum transfer amount
        OFX$150No limit
        HiFX$50No limit
        World First$1,000No limit
        Travelex International Payments$500No limit
        TorFX$200No limit
        Currency Online$0No limit
        Western Union$1$5000 per transaction
        TransferWise$1Private individual — $49,999 a day and $199,999 a year Business — $199,999 a day and $1 million a year
        XoomVaries 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?

        Currency transfer news

        Exchange rates from USD to other currencies

        Common questions about money transfers

        Back to top

        Related Posts

        Ask an Expert

        You are about to post a question on

        • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
        • is a financial comparison and information service, not a bank or product provider
        • We cannot provide you with personal advice or recommendations
        • Your answer might already be waiting – check previous questions below to see if yours has already been asked

        Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.