Send money to family overseas

Pay low fees and get stronger rates on monetary gifts to family overseas.

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With so many options available for transferring money internationally — from banks to specialist money transfer providers to an old-fashioned money order — it’s just a matter of finding the best fit when getting money to a loved one overseas.

Our pick: TransferWise

When you need to send money, benefit from competitive mid-market exchange rates and straightforward fees with TransferWise.

  • Fair service fees and mid-market rates — a major market differentiator.
  • Next-day delivery to your loved ones and businesses.
  • Trusted the world over, with five-star ratings on Trustpilot.

    Option 1: Big banks

    You have several ways to transfer money to your family or other recipients abroad. One of the slowest methods is to purchase an international money order from your bank — basically, a check in a foreign currency — and mail it to your family member.

    You can also use your bank to wire the money to your recipient’s bank account. But banks are notorious for offering poor exchange rates and charging high fees. Sending money through your bank is secure but can be quite expensive.

    However, when using a specialist money transfer provider you can save money when you shop around for the best deal. Read on to learn about their services.

    Option 2: International money transfer providers

    While major US banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees. You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.

    There are a number of money transfer companies that you can use to send money overseas. How you pay for the transfer and how your recipient receives the money can vary depending on the provider. Generally, a transfer involves you providing funds to the transfer provider, which then sends the money to your recipient in another country. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

    Discount for Finder readers

    A trusted partner of, OFX is offering Finder readers an exclusive deal of $0 fees.

    Option 3: PayPal

    Send money to friends and loved one overseas from your PayPal account. While PayPal allows you to send money inside the U.S. for free, there are fees associated with sending funds overseas. The exchange rate is another expense you need to consider when transferring money overseas. PayPal’s exchange rate is determined by a financial institution and adjusted regularly to stay in line with market conditions.

    Choosing the right transfer provider

    With so many options available, how do you choose the right one for you? Before making your transfer, ask yourself these questions when comparing providers:

      • How fast is the money needed? Some providers will make your funds available for the recipient within minutes. Others will get your money there in 1 to 2 business days.
      • Which country is the money being sent to and in which currency? Not all providers offer all currencies. Some offer a wide range, while others are more limited. A few countries prevent money from moving into the country from overseas, so confirm that the way you send your money can be collected and in the right currency.
      • Is there a minimum or maximum transfer amount? Some companies will transfer as little as a dollar, but others won’t deal with anything less than a few hundred. Look for a match with what you’re trying to send.
      • What are the fees and exchange rates? Whatever method you use, most likely you will have to pay a fee for the service, and there will be an exchange rate that will vary from day to day and company to company. See how the rates offered by one provider stack up against those offered by its competitors. And weigh the cost of the transfer fee. Some providers will waive their fee if you transfer more than a set amount. But remember that some providers may charge a low fee but offer a poor exchange rate.

    Foreign exchange rates explained

    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. However, 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.

    Compare your options for transferring funds overseas

    Select your currency and transfer amount, and compare the fees, rates and transfer times of different providers.

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 0 1 - 2 days USD 0.00 19.089 MXN 95,445 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
    USD 1 1 - 2 days USD 50.00 19.166 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 19.085 MXN 95,349 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
    GBP 1,000 1 - 2 days USD 0.00 18.974 MXN 94,870 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 1,000 1 day USD 0.00 18.974 MXN 94,870 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
    USD 5,000 1 day USD 0.00 18.974 MXN 94,870 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

    Compare up to 4 providers

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