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Compare international money transfer services

Send or receive an international money transfer. Cheap, quick, convenient and safe.

What you need to know in 60 seconds

Bank transfers and Western Union are more common ways to send money overseas, but they’re also the most expensive.

New online transfer specialists can be faster and cheaper.

Check currency availability before sending to ensure that your recipient can receive your funds.

Scroll down to read the full guide to sending money overseas.

The best providers at a glance

The best overall transfer rates
Transparent fees and easy to use.
Fastest transfer speed
Get money in your account faster.
Best for large transfers
For sending more than $1,000.

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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 0.906 EUR 4,531 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 0.00 0.906 EUR
4,529
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 0.00 0.906 EUR 4,530 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
USD 1,000 1 day USD 0.00 0.905 EUR 4,524 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 0.905 EUR 4,523 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 5,000 1 day USD 0.00 0.905 EUR 4,527 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.905 EUR 4,527 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

Compare up to 4 providers

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 a percentage of your total transfer amount. To save on fees, keep an eye out for special deals. 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.

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. XE, for example, waives fees for all transfers.
  • 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.

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

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).

Money transfer options icon

Transfer options

Independent transfer services like OFX and XE 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.


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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.


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

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, including:

Don’t see your country listed?

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.

Common questions about money transfers

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