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International money transfers to help you make business payments

Safely and affordably manage your overseas payments with money transfers.


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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 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.

    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 Show details
    $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 Show details
    $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 Show details
    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 Show details

    Compare up to 4 providers

    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 Show details
    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 Show details
    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 Show details
    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 Show details
    USD 1 1 - 2 days USD 50.00 22.17 MXN
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
    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 Show details

    Compare up to 4 providers

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    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 bankMoney transfer service
    Exchange rate1 USD = 0.858 EUR1 USD = 0.877 EUR
    Transfer fee$45$5
    Transfer methodWire transferOnline bank account transfer
    Transfer speed1–3 business days3 business days
    Total euros received

    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

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    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.

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