Same Currency International Money Transfers

Exchange rates are not a factor when sending a same currency international money transfer, but be aware of fees.

When you’re sending money overseas, in many cases you’ll need to convert the funds you send into another currency, such as U.S. dollars into Indian rupees.But there are also plenty of times when you need to send funds in the same currency, such as if you’re transferring money to a country where the U.S. dollar is accepted as legal tender — for example, Panama or Ecuador — or sending funds between Eurozone countries. Alternatively, you might simply be looking to send money to friends or family within the United States.

Whatever the reason for your transfer, there are plenty of options to choose from to help get your funds where they need to be. But be sure to compare your choices before deciding on the right money transfer provider for your needs.

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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
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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
WorldRemit International Money Transfers
USD 1 Within an hour USD 3.99 17.524 Online, Bank Account to Bank Account, Cash Transfer MXN 87,549 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
World First Foreign Exchange
USD 1,000 1 day USD 0.00 17.55 Online MXN 87,752 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
Go to site View details
TransferWise International Money Transfers
USD 1 1 day USD 75.00 17.829 Online MXN
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
OFX International Money Transfers
USD 150 1 day USD 0.00 17.757 Online, Bank Account to Bank Account MXN 88,786 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
HiFX International Money Transfers
USD 100 2 days USD 5.00 17.748 Online MXN 88,653 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
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How does a same currency transfer work?

The process of sending a same currency transfer is quite simple, regardless of whether you’re sending money to friends or family or buying something from an overseas seller. The best feature about sending funds in the same currency is that you don’t have to worry about finding the best exchange rate, or contending with the extra expense of currency conversion fees. But you will likely incur a transfer fee.

There are plenty of choices available when you need to send a same currency transfer, including banks, specialist money transfer providers, cash pickup transfers and even PayPal. All you have to do is transfer the necessary funds along with a transaction fee to the provider of your choice, and that company can then take care of distributing the money to your beneficiary’s bank account or mobile wallet, or making the cash available for collection from a transfer company branch.

Banks across the U.S., including Bank of America and Wells Fargo, can offer secure and reliable international transfers. However, you might be able to find cheaper fees if you use a specialist online money transfer provider, such as OFX or Xoom, which allow you to send funds to your recipient’s overseas bank account.

If you’d like to send cash that can be picked up from a transfer branch, Western Union, MoneyGram or Ria can help.

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How do I compare money transfer providers?

Make sure to consider the following features when you start comparing the merits of transfer companies:

  • Transfer fees. How much will each company charge you per transfer? Will you need to pay more for special transfer types, such as urgent transfers, and will you be able to minimize fees by sending a larger amount?
  • Methods available. What options does the company offer in terms of sending your transfer? Are the funds sent via bank account deposit, mobile wallet deposit or cash transfer? How do you actually place a transfer request – is it done online, over the phone or in person?
  • Transfer processing times. If time is a factor, how long will it take until your beneficiary is able to access the money you send?
  • Transfer options. Do you have the ability to schedule repeat payments in advance?
  • Pickup options. How will your beneficiary be able to access the funds? If you’re sending the money through a cash pickup transfer provider, how many branches do they have that are conveniently located for you and for your recipient?
  • Customer support. If you have a question or experience a problem with a transfer, how will you be able to access customer help? In addition to an online help center, does the provider offer phone, email and/or live chat support?
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What are the pros and cons of same currency transfers?


  • Forget exchange rates. When you send the same currency overseas you don’t have to worry about hunting for the best exchange rate and how much money you will “lose” in the currency conversion process.
  • Lots of choices. There are heaps of trusted and reputable money transfer providers who can send a same currency transfer for you. Start comparing them at today.
  • Hassle-free. While sending money overseas might sound like a complicated prospect, it’s actually quite quick and easy to do online, without having to leave your home.


  • Fees apply. You’ll need to pay a fee in the vast majority of cases when sending money overseas, so searching for a provider with an affordable fee structure is a good idea.
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Are there any risks to be aware of?

  • Not checking the fees. One common mistake people make when sending funds overseas is neglecting to read the fine print of a transfer to discover all the fees and charges that may be attached. Take a few moments to make sure you’re aware of all the fees that apply before you hand over any cash.
  • Unscrupulous providers. Although the risk of fraud is small, there are some questionable providers out there who cannot be trusted. Make sure you choose a reputable provider that can safely and securely transfer your funds.

Sending money to a particular state in the U.S.?

Frequently asked questions

U.S. dollars are accepted in countries such as Ecuador, Panama, El Salvador and East Timor.

MoneyGram, Ria and Western Union all offer same currency transfers around the world from the U.S. Your beneficiary can then collect the funds you send from a transfer branch location nearby, often within minutes.

This varies according to the transfer company, transfer method and where you are sending the money. Transfers can be as quick as a few minutes or take as long as multiple business days.

You will need to send your money in euros, as the euro is the legal currency in both countries.

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US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.