Best international money transfer apps

It’s easy to send money overseas with these mobile apps.

Updated

Many major money transfer specialists now offer mobile apps that let you send money globally from the convenience of your phone.

We’ve rounded up a selection of the most popular apps from major international money transfer providers, and outlined their pros and cons to help you make a decision about which one is right for you.

What are some of the best money transfer apps in 2018?

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Enjoy fast, secure and fee-free international money transfers with global payments provider XE.

  • Send money in 40+ currencies
  • No transfer fees
  • See exchange rates in real-time
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    TorFX

    TorFX lets you send money in over 40 currencies and is one of the leading money transfer services. You can make personal or business transfers through TorFX and its app comes with a number of features such as transfer tracking and real-time exchange rates.

    Screenshot of the TorFX app

    Features in the app


    Live exchange rates

    Set rate alerts

    Track your transfer
    Available on iPhone Available on Android
    Available in other languages

    Pros

    • Competitive exchange rates
    • No added fees

    Cons

    • Doesn’t offer cash pick-up
    • Doesn’t accept cash or cheque payments
    • App only available in English

    Calculate your transfer with TorFX

    Data indicated here is updated regularly
    Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
    TorFX International Money Transfers
    NZD 250
    1 day
    Online, Phone, Agent
    TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
    loading
    The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    Compare up to 4 providers

    |


    WorldFirst

    WorldFirst requires a higher minimum for money transfers ($2,000), but offers competitive exchange rates. The app specialises in fast transfers and you can use its extra features, like the currency converter and market updates, without signing up.

    Screenshot of the WorldFirst app

    Features in the app


    Live exchange rates

    Set rate alerts

    Track your transfer
    Available on iPhone Available on Android
    Available in other languages

    Pros

    • No transaction fees
    • Competitive exchange rates
    • Same-day transfers for major currencies
    • No maximum transfer limit

    Cons

    • Doesn’t allow small transfers
    • Only accepts bank transfer
    • No cash pick-up

    Calculate your transfer with WorldFirst

    Data indicated here is updated regularly
    Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
    WorldFirst International Money Transfers
    NZD 2,000
    2 days
    Online, Phone, Agent
    Exclusive offer: $0 transfer fee and discounted exchange rates for all Finder customers.
    A higher exchange rate applies to non-finder customers. Send money in more than 60 currencies.
    loading
    The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    Compare up to 4 providers

    |


    OFX

    With OFX’s app, you can send money to over 190 countries worldwide. The app also has a range of extra features, like being able to set rate alerts that can help you take advantage of the best times to transfer.

    Screenshot of the OFX app

    Features in the app


    Live exchange rates

    Set rate alerts

    Track your transfer
    Available on iPhone Available on Android
    Available in other languages

    Pros

    • Can monitor current and historical exchange rates
    • Track your transfers
    • Set rate alerts
    • Free transactions
    • Better exchange rates than banks

    Cons

    • Transfers must be above $250
    • Doesn’t accept credit card or cash as payment
    • App only available in English

    Calculate your transfer with OFX

    Data indicated here is updated regularly
    Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
    OFX (Ozforex) International Money Transfers
    AUD 250
    1 - 2 days
    Online, Phone, Agent
    A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000.
    loading
    The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    Compare up to 4 providers

    |


    WorldRemit

    The WorldRemit app lets you send money to more than 120 countries around the world. With no minimum transfer amount, WorldRemit lets you take advantage of competitive exchange rates when making your transaction.

    Screenshot of the WorldRemit app

    Features in the app


    Live exchange rates

    Set rate alerts

    Track your transfer
    Available on iPhone Available on Android
    Available in other languages

    Pros

    • Cash pick-up available
    • No minimum transfer
    • Large range of destinations
    • Competitive exchange rates
    • Funds can be received through mobile money

    Cons

    • Limit on how much you can send
    • Fees change depending on the amount you transfer
    • Not as many extra features as other money transfer apps

    Calculate your transfer with WorldRemit

    Data indicated here is updated regularly
    Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
    WorldRemit International Money Transfers
    NZD 1
    Within an hour
    Online, Bank Account to Bank Account, Cash Transfer
    Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
    An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
    loading
    The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    Compare up to 4 providers

    |


    TransferWise

    TransferWise aims to make the exchange process as cheap and transparent as possible. The app also lets you set up repeat payments for ongoing transfers.

    Screenshot of the TransferWise app

    Features in the app


    Live exchange rates

    Set rate alerts

    Track your transfer
    Available on iPhone Available on Android
    Available in other languages

    Pros

    • No minimum transfer amount
    • Uses the mid-market rate
    • Transparent with fees
    • Can pay with Apple Pay (although paying by card incurs higher fees)

    Cons

    • No cash pick-up
    • Not as many currencies as other providers

    Calculate your transfer with TransferWise

    Data indicated here is updated regularly
    Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
    TransferWise International Money Transfers
    NZD 1
    1 - 2 days
    Online
    Make online transfers with transparent exchange rates, low fees and low minimum amounts.
    loading
    The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    Compare up to 4 providers

    |


    CurrencyFair

    The CurrencyFair app lets you exchange money at a fairer exchange rate than what you’d find at the bank. With low fees and minimum transfer amounts, the app makes international money transfers convenient.

    Screenshot of the CurrencyFair app

    Features in the app


    Live exchange rates

    Set rate alerts

    Track your transfer
    Available on iPhone Available on Android
    Available in other languages

    Pros

    • Low fees
    • Minimum transfer amount is small ($5)

    Cons

    • Limited number of currencies
    • Only bank-to-bank transfers
    • App only available in English

    Calculate your transfer with CurrencyFair

    Data indicated here is updated regularly
    Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
    CurrencyFair International Money Transfers
    NZD 5
    1 - 2 days
    Online
    Special offer: Zero fees on your first 10 transfers.

    Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
    loading
    The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    Compare up to 4 providers

    |


    How can I compare money transfer services?

    A key factor in choosing an app is the service behind it. Compare these features before making your decision.

    exchange rates icon

    Exchange rates

    Different providers will offer you different exchange rates. It’s generally not the one you’ll see on Google or XE, otherwise known as the mid-market rate. To make a profit, transfer services add on a margin to the exchange rate to cover their own fees. So a provider may have no fees, but a bad exchange rate – this is why it’s important to compare.

    Money transfer fees icon

    Fees

    Providers charge fees in either flat rates, percentages or not at all. These fees can also change depending on what you’re sending and how you’re sending it. For example, larger transfers are generally cheaper, while money transfers using your credit card can incur higher fees.

    Money transfer speed icon

    Speed

    Sometimes you need to get money to someone fast. Some providers specialise in cash pick-up, which means your recipient can pick up the money you send almost instantly. This does come at a higher price, however. If you’re not too fussed with timing, most providers take anywhere between one to four days to deliver the money at a much lower fee.

    Next steps

    You can get more value for your money by comparing both the providers themselves and their apps. Make sure to check with the provider regarding the currency you want to send since fees and regulations can change depending on the country.

    Picture: Shutterstock

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