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International money transfers to help you make business payments

Safely and affordably manage your overseas payments with money transfers.

Shirley Liu

Updated Apr 27, 2020

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For an increasing number of businesses, the days of dealing only within the domestic market are long gone. From suppliers and customers to sourcing and selling products, a modern business must regularly send and receive funds from overseas. But if you aren’t sure how to get the best value for your money, sending funds overseas can become a significant business expense. Read on to learn about the most cost-effective ways to send international business transfers.

Compare international money transfer services for businesses

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.

XE Money Transfer

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

Send money to 200+ countries.
Competitive exchange rates that are often better than banks.
Transfer up to $500,000 online.
See exchange rates in real-time.

Go to site
More info

Business payments specialists
Money transfer services

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
$0	1 - 2 days	USD 0.00	22.06	MXN 110,298	Save your time and money with XE Money Transfer for business	Go to site	Compare	Show details	Details Minimum transfer amount 0.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BWP, CAD, CHF, CLP, COP, CRC, CVE, CZK, DKK, DOP, EUR, FJD, GBP, GEL, GHS, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NGN, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
$1	1 - 2 days	USD 0.00	21.838	MXN 109,190	Great rates, and fast, efficient payment processing in most currencies	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 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, ARS, AUD, BGN, BHD, CAD, CHF, CLP, CNY, COP, CZK, DKK, EUR, FJD, GBP, GHS, HKD, HRK, HUF, ILS, INR, JPY, KES, KRW, KWD, MXN, NGN, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, TZS, UGX, USD, XOF, ZAR Go to site Read the full review
$1	3 - 5 days	USD 7.00	21.971	MXN 109,701	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 1.00 Transfer methods Online Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
$250	1 - 2 days	N/A	N/A	N/A	Send money overseas and buy/sell currencies at competitive exchange rates and low fees.	Go to site	Compare	Show details	Details Minimum transfer amount 250.00 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, CZK, DKK, EUR, HKD, HRK, HUF, ILS, INR, JPY, MAD, NOK, NZD, OMR, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
GBP 5,000	Same day	USD 0.00	21.949	MXN 109,744	Increase business efficiency with zero transaction fees and same-day transfers.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 5,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review

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I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
USD 1,000	1 day	USD 0.00	21.949	MXN 109,744	No-maximum 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, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BND, CAD, CHF, 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
GBP 1,000	1 - 2 days	USD 0.00	21.949	MXN 109,744	Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000). For larger transfers, get no transaction fees and no maximum send limits.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 1,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat Available currencies AED, AFN, ALL, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, LSL, MAD, MDL, MGA, MKD, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SEK, SGD, SLL, THB, TND, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VND, WST, XAF, XCD, XOF, XPF, ZAR, ZMW Go to site Read the full review
USD 1	1 - 2 days	USD 0.00	22.071	MXN 110,354	Offering no maximum and no minimum limit transfers with $0 fees.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EUR, FJD, GBP, GEL, GHS, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NGN, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
USD 2,000	1 day	N/A	N/A	N/A	$0 transfer fees with rates at never more than a 2% markup.	Go to site	Compare	Show details	Details Minimum transfer amount USD 2,000.00 Transfer methods Online, Phone Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email, Branch Available currencies AED, AUD, CAD, CHF, DKK, EGP, EUR, GBP, HKD, ILS, JPY, NOK, NZD, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
USD 0	1 - 2 days	USD 1.99	21.727	MXN 108,592	Special offers like free transfers and better exchange rates available for new customers. Quick, affordable transfers around the world with both express and economy options.	Go to site	Compare	Show details	Details Minimum transfer amount USD 0.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, BDT, BGN, BOB, BRL, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, EUR, GHS, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, INR, JMD, KES, KMF, KRW, LKR, MAD, MXN, MYR, NGN, NIO, NPR, PEN, PHP, PKR, PLN, PYG, RON, RWF, THB, TND, TRY, TZS, UGX, USD, UYU, VND, XAF, XOF, ZAR Go to site Read the full review
USD 1	1 - 2 days	USD 50.00	22.17	MXN 109,744	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, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
USD 1	Within an hour	USD 3.99	22.077	MXN 110,299	Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review

Compare up to 4 providers

Why should I compare my options beyond my bank?

For business owners, time can sometimes be more valuable than money. You may think that because it handles your other finances, your local bank is the simplest option when sending money overseas. In truth, international money transfers are no longer a game for only tried-and-true players like banks. Newer companies promise to undercut the competition to earn your business.

Because banks offer a diverse range of financial products and services, their exchange rates can be among the weakest around. Poor exchange rates and high fees — as high as $64 per international transfer — can take up a sizable chunk of the amount you’re sending.

Online money transfer services, however, specialize in one thing: sending money overseas. Their work with large volumes of currency means they can beat the banks with competitive exchange rates and minimal to no fees — all good news for your bottom line.

Case study: James’ business transfers

For the past 25 years, James has bought kitchen and bathroom supplies for his homewares store from France. Whenever he’s needed to make an international payment, he’s gone to his bank for a wire transfer. He recently saw an ad for an online transfer service offering significantly better exchange rates than his bank, James decided to compare their fees on a $1,000 payment to France to see which offers the best financial solution for his business.

	Major US bank	Money transfer service
Exchange rate	1 USD = 0.858 EUR	1 USD = 0.877 EUR
Transfer fee	$45	$5
Transfer method	Wire transfer	Online bank account transfer
Transfer speed	1–3 business days	3 business days
Total euros received	€858	€877

With an online money transfer service, James discovers that he can save $40 in fees and send an extra €19 to France.

Which services will let me send international business transfers?

There’s no shortage of providers that allow you to manage your overseas business transactions with international transfers. Major US banks like Wells Fargo, Chase and Bank of America offer this service, as do global brands like HSBC and Citibank.

If you’d prefer to save money with an online transfer provider, you still have several options — OFX and WorldRemit and more. Use our comparison calculator above to weigh their fees and features.
How to safely transfer $500,000 to $1 million overseas

How should I compare money transfer services?

While exchange rates and transfer fees affect how much you’ll pay, you’ll also need to consider how quickly your money needs to get to where it’s going, among other factors.

Exchange rates. Money transfer services skew exchange rates to make a profit. To discover who offers the better rate, look for a company that’s close to the mid-market rate — or the rate banks and transfer services use when trading among themselves.
Transfer fees. Find out exactly how much you’ll need to pay each time you send a transfer. Fees will vary depending on where you’re sending the money, how much you’re sending, and even your payment method.
Transfer options. In addition to forward contracts and limit orders, some companies offer the convenience of scheduling recurring transfers. Learn which offer them, how easy they are to use and whether they come with extra fees.
Transfer speed. If your transfer is urgent, make sure there’s an expedited option.
Available currencies. How many currencies does each provider support? Is your currency available?
Customer support. If something happens with your transfer, you’ll want help without a hitch. Some services offer live chat in addition to phone and email support.

Money transfer methods for $1000 and $5000 infographic

What is the mid-market rate?

The mid-market rate is what your money’s actually worth compared to another currency. “Mid-market” refers to the midpoint between worldwide supply and demand for that currency. Use this rate as a baseline to compare against the rates provided by your bank or transfer service. With it, you’ll discover which companies offer the best deal.

Case Study: Forward Contracts

Many online transfer companies offer flexible transfer options like limit orders and forward contracts to save you both time and money. Limit orders are transfers that are sent only when the conditions you specify are met, such as your currency reaching a certain exchange rate.

Similarly, a forward contract allows you to secure the current exchange rate for a transaction that will take place up to a year into the future.

Say Bob knows he’ll need to pay his regular French supplier $10,000 in three months. The current exchange rate is 1 USD = 0.88 EUR. But Bob is certain the rate is going to drop within the next three months, and so he places a forward contract to lock in the current rate.

Bob’s hunch proves correct. Three months later, the best rate available on the foreign exchange market is 1 USD = 0.86 EUR. But with his forward contract in place, he sends the $10,000 overseas at his locked-in rate of 1 USD = 0.88 EUR. Which means Bob can send an extra €200 to his supplier just by planning ahead.

Frequently asked questions

When processed through a reputable bank or company, your funds are safely tracked until in the hands of your recipient. And if you’re sending money internationally, federal protections are in place that require banks, credit unions and money transfer companies to, for example, disclose all fees up front and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.

Thank you for your feedback!

Shirley Liu

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

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