Send money to New York: Best money transfer services | finder.com

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

Send money to New York

What to look out for when transferring money to a connection on the East Coast.

Promoted

CurrencyTransfer

CurrencyTransfer logo
  • Get the best foreign exchange rates available from this online marketplace
  • Fast 1-2 day delivery to bank accounts
  • Price-match guarantee if you find a better price elsewhere
Go to site

Learn how to compare your options — including fees, exchange rates and transfer speeds — to find the best service when sending money to the Empire State.

Service providers who can help you send money to NY

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 0.834 EUR 4,168 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.834 EUR 4,168 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Go to site Show details
USD 1 Same day USD 0.00 0.838 EUR 4,191 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 0.825 EUR 4,124 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 1 - 2 days USD 40.00 0.842 EUR
4,176
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
$1 Within an hour USD 3.99 0.838 EUR 4,189 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. 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.

Your options will vary depending on whether you’re in the US or abroad.

Domestic transfers

Most major US banks offer free bank-to-bank domestic transfers (or waive fees for account holders). However, you’re limited to transferring cash from your bank account to your recipient’s bank account.

If your recipient doesn’t have a bank account or needs the cash more quickly than a bank transfer will offer, Western Union and Walmart offer fast cash pickups at thousands of locations in New York.

Online options like PayPal and Venmo can also get money quickly to your recipient.

International transfers

Your bank will typically be your most expensive option when sending money internationally. Banks offer weaker exchange rates, higher fees and fewer options to send and receive cash when compared to other options.

International transfers is where an online money transfer specialist shines. Providers like Wise and OFX can often safely get your money overseas to New York faster, with lower fees and stronger exchange rates.

Case Study: Calvin sends money to New York

Calvin needs to send 1,000 Australian dollars from Australia to his wife in Brooklyn.

BankMoney transfer service
Exchange rate1 AUD = 0.721 USD1 AUD = 0.746 USD
Transfer fee$22 AUD or more$5 AUD
Transfer speed2–4 business daysUp to 2 business days
Amount received in USD$721$746

For a transfer of 1,000 Australian dollars, an online money transfer service is a clear winner. Not only does Calvin save at least 17 AUD on the transfer fee, but his wife also receives $25 more and at least two days sooner.

Back to top

How do I compare money transfers to New York?

Depending on whether you’re sending domestically or internationally, you’ll want to keep an eye on:

  • Fees. Banks and other provider will typically charge a fee for its services, especially for international transfers. Confirm whether it charges a flat fee or a percentage of the total transfer.
  • Exchange rates. For international transfers, consider how close to the mid-market rate the rate you’re being offered is. You’re looking for a minimal margin between the two rates.
  • Transfer options. For domestic transfers, any bank or service will allow you to transfer money online. Independent services like OFX and Wise offer competitive exchange rates and fees for international transfers.
  • Transfer speeds. Whether your transfer is foreign or domestic, the time it takes for your recipient to get your money will vary. If you need to send cash right away, compare options WorldRemit or Western Union over your bank, which is typically not your cheapest or fastest option.
  • Pickup methods. Most services offer bank-to-bank transfers; others will include cash pickups at an agent location. Know your options to find one that fits your needs.
  • Minimum amounts. Your best option may depend on how much you’re sending. For larger international transfers, you can often avoid fees with a money transfer specialist.
  • Frequency and purpose. If you need to send money at set times of the year, see if you can set up recurring payments to save on rates and fees in the long run.
  • Customer service. For those walking through a transfer for the first time, you may find it helpful to speak to a representative. Most companies offer a telephone number that you can call to speak with a representative or financial specialist to help walk you through your options.

Ways to send money to New York

  • Bank to bank transfers. Quick and efficient, these transfers may have higher wire transfer fees than an independent provider.
  • Money transfer specialists. If you live outside the US, and independent provider like MoneyGram or OFX offers lower fees and exchange rates than banks can provide.
  • Cash pickups. While you’ll pay a bit more for a cash pickup, you have options that include time-tested standbys like MoneyGram and newer services like WorldRemit.
  • P2P services. Peer-to-peer services like PayPal and Venmo can get your money to your recipient without hassle in minutes.
  • Checks. If you’ve time on your side, checks are an option.

Emergency cash transfers in New York

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 you to pay and pick up 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.

How to send money to New York

Depending on your bank or service, you may need to sign up for a free account before you can begin sending money. Generally, you’ll:

  1. Provide your recipient’s details. Their name, contact and banking info, if they’ll be receiving your money as a bank deposit.
  2. Specify the details of your transaction. How much and what currency.
  3. Review your transaction. Confirming total fees and how much your recipient will receive.
  4. Pay for your transfer. Methods could include bank account, debit or credit card or cash.
  5. Track your transaction. You’ll receive confirmation that includes a unique number or receipt for monitoring the progress of your transfer.

Need to make an emergency cash transfer?

Bottom line

When sending money to New York, you have many options. If you live in a country other than the US, compare your money transfer options to receive the best rates and lowest fees for your situation.

Frequently asked questions

Back to top
WorldRemit DealsWorldRemit Deals

Zero fees on your first THREE money transfers

Send money with WorldRemit using the code '3FREE' and pay no fees on your first three money transfers

Last verified

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com 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

Finder.com 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 and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com 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.

2 Responses

    Default Gravatar
    JenniferJanuary 22, 2019

    If I am in New York but my money was sent to Philadelphia, can i still get it from an outlet in NY?

      Avatarfinder Customer Care
      CharisseJanuary 23, 2019Staff

      Hi Jennifer,

      Thanks for reaching out to finder.

      If the money you sent was for cash pick up, usually, the receiver can pick up the money at the agent location within the state you have entered.

      You can contact the money transfer company you have used and verify with them if it’s possible or ask them if you can make changes to the transaction so your receiver can pick it up in New York instead.

      I hope this helps.

      Cheers,
      Charisse

Go to site