Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Compare the best international money transfer services

How to get the most competitive rate, the lowest commission and the quickest international money transfers.

Are you looking for a way to send money overseas? We compare a number of financial institutions that offer some of the best deals on international money transfers in the market. Read on for tips about how to find the best deal you can get.

How to find the best exchange rate

Finding a great rate is essential to getting the best value for your money — so that more of your cash ends up in your recipient’s pocket, rather than in the hands of the service handling your transaction.

When comparing exchange rates, you’ll want to know the mid-market rate for your currency. This is the rate banks and other providers use when trading among themselves, which is for the most part readily available online. Use the mid-market rate as a baseline to compare against the rates provided by your bank or transfer service. Banks also publish their rates daily and large financial institutions all have online calculators that make it easy to see what they’re offering, but often you’ll find it’s less than what you can get from a non-bank international money transfer service.

Some peer-to-peer (P2P) international payments can give you near the market rate; however, you’re still going to pay a margin on the rate plus a commission. Just be sure to factor in the transfer fee you’ll pay to make sure it’s an overall good deal.

Best rate guarantees and price promises

At least two digital providers promise to undercut the competition by guaranteeing the best rate:

  • Travelex. Offering its International Payments Price Promise, it will match a better overall price quote you receive from other transfer providers under specific conditions.
  • WorldFirst. This provider boasts the WorldFirst Price Promise to registered users, offering to beat its competitors.


Some online calculators quote the interbank rate and give you an example figure only. The actual rate you get is shown when you’re given a full quote.

How to get the best exchange rate

How to find the lowest fees

While most providers charge a flat fee or a percentage of your transfer for each transaction, you will find a few that don’t charge a dime — or charge much less than competitors, although these institutions may include a bigger margin on the exchange rate. If you’re sending a large amount of money, some providers will waive their fees altogether.

If you’re looking for no or low transfer fees on your next international money transfer, these providers are a good start. Just be sure to compare the exchange rates of these providers to determine whether you’re getting the best deal.

Pay no fee on your next international money transfer

what is the mid-market rate?

The mid-market rate is what your money’s actually worth on the global market compared to another currency. It’s the midpoint between worldwide supply and demand for that currency — and the rate banks and transfer services use when they trade among themselves.

Use the mid-market 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 rates.


Compare online money transfer services

Use our interactive table to compare transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day MYR 3.99 0.214 USD
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
USD 60 1 day MYR 0.00 0.214 USD
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
USD 1 1 day MYR 50.00 0.215 USD
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 1 1 day MYR 25.00 0.214 USD
Use code FINDER to access the RM2,500 discount..
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
USD 120 1 - 2 days MYR 5.00 0.213 USD
Malaysia-based MoneyMatch offers competitive exchange rates for overseas money transfers from MYR to more than 70 countries. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How to find the transfer speed you want

Many of the money transfer companies we compare can send money overseas at a good rate and a good price, but the process may take a couple of days. If it needs to get there fast, companies like WorldFirst, Western Union, and MoneyGram allow for quick cash pickups and deposits, sometimes in minutes.

They have the highest transfer fees and you can find a better rate elsewhere; however, Western Union and MoneyGram have hundreds of thousands of cash collection points all over the world. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

International cash payment companies.

How to find the money transfer features you want

Each money transfer specialists has its benefits and strengths. Western Union, for example, is an excellent choice for speed and accessibility but not so much for low fees and strong rates. If you’re purchasing overseas property or emigrating to another country, OFX offers transfers with higher limits than its competitors.

Still others global providers offer flexible tools that can protect your international payments against the rapidly fluctuating market — and help you predict when it’s best to make your payments.

For an increasing number of businesses, the days of dealing only within the domestic market are long gone. If you’re looking to safely and affordably manage your overseas vendors or suppliers, a business payments specialist might be what you need. Online transfer providers like OFX and WorldFirst can help you save.

Back to top

Where are you sending money to?

Read specific information to find the best way to send money to different countries on this page. From Afghanistan to Zimbabwe, find out which companies support which currencies as well as Western Union locations and more.

Benefits and what to look out for when sending money overseas


  • It’s convenient. Transfer money to loved ones and businesses worldwide, often without leaving your home.
  • It’s quick. Your friends or family can receive funds in a few minutes, depending on your transfer options.
  • Many choices. Don’t like the exchange rate your bank offers? Many other providers offer lower costs and stronger rates.
  • Get your money where it needs to go. Whether helping friends and family overseas or simply making a purchase, you can take charge of your finances with an international money transfer.

Watch out for

  • Fluctuating exchange rates. Changing rates can take a big chunk out of what your recipient ultimately receives. Look into options that allow you to lock in a rate for future transfers.
  • Fees. You’ll typically pay a fee for each transfer you send money overseas. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Security. Look for a trusted provider that can guarantee the security of your personal and financial details.
Back to top

How to compare international money transfer companies

What to compareTips to help you save
Transfer feesFind out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer
Exchange ratesNearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate and look for the smallest margin between them.
Transfer speedsIf you have more time, you’ll get better rates and fees with nearly any independent provider.
Transfer limits
Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
Payment and delivery optionsSome transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
Customer serviceMost companies offer customer service through Internet chat, phone, in person or by email. Make sure help will be available if you need it.


Common questions about money transfers

Back to top

If you have any questions about comparing international money transfer companies, get in touch with us using the form below.

Picture: Shutterstock

More guides on Finder

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 provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site