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Kelly Waggoner is editor-in-chief of Finder US. She's worked with publishers, magazines and nonprofits throughout New York City, including ghostwriting a how-to on copyediting for the Dummies series. Between projects, she toys with words, flips through style guides and fantasizes about the serial comma's world domination.
Fast transfers to South America and Asia
Part of the Omnex Group, Sharemoney has specialized in money transfers for more than 25 years. Transferring money is easy, whether you’re taking care of foreign relatives or topping up your BFF’s kayaking emergency fund.
With competitive fees and rates along with a simple, fast service, it’s worth keeping Sharemoney in mind for unexpected family emergencies. Rates are updated daily, and you’ll see clear fees and exchange rates before you finish your transfer.
Supporting your loved ones abroad is easy, because signing up for an account means that once you’ve paid someone, you can repeat the transaction with three clicks. Users report fast delivery times and easy pickups — and Sharemoney can even text you when your money’s arrived.
Sharemoney doesn’t cover all locations, but it’s adding new territories, so confirm that your money can get where it needs to.
Our experience transferring money with Sharemoney
Here’s what we found when we sent a live transfer to Mexico through Sharemoney:
We paid a low fee and received a competitive rate within 2.1% of the mid-market rate, with rates updated multiple times a day.
Our funds were deposited into our recipient’s Mexican bank account within 24 hours.
Sharemoney’s easy-to-use website allowed us to sign up and initiate a transfer in 5 minutes. You also have the option of initiating a transfer by phone.
Sharemoney provided accurate rate quotes, but we weren’t informed of an additional transfer fee until the end of our transaction.
How much will it cost to send money through Sharemoney?
Like other money transfer services, Sharemoney charges a flat transaction fee plus a small percentage of the amount you’re sending. Sharemoney’s transfer fees start at $2.99 (higher if you’re paying by credit card) and vary by country. It offers competitive exchange rates and can deliver your money quickly — sometimes in minutes.
How does Sharemoney compare to other services?
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
What types of transfers can I make with Sharemoney?
You can only make one-off transfers with Sharemoney.
Your recipient can collect the funds in one of three ways:
How much can I send with Sharemoney?
With Sharemoney, you can send transfers that range from a mere $1 to $2,999. You can transfer up to $2,999 every 15 days and up to $9,999 every 180 days. You can send up to $9,999.99 within 15 days by providing additional info.
Sharemoney is not ideal for those who need to make large international transfers. Compare your options for transfers of $10,000 or more.
Pros and cons of sending money with Sharemoney
Simple conversions. Sharemoney takes the math out of international transfers by updating current international rates hourly and transparently showing you how much money your recipient will receive.
High-speed transfers. With transfers occurring in as little as 15 minutes (depending on your transfer method), Sharemoney can get your cash into the hands of your recipient up to 72 hours quicker than competitors.
Home delivery option. Sharemoney is one of the few services that gives your recipient the option of delivery to their door.
Simple, clear tracking. Sharemoney provides a variety of notification settings and tracking options to ensure that your money arrives safely.
Low minimum. Send as little as $1 overseas.
Limited state availability. Sharemoney is licensed to operate in 36 out of 50 states, so you may not be able to access its services.
Not all countries available. Sharemoney’s services are largely limited to South America and select Asian countries.
Low transfer limits. Sharemoney has a cap of $2,999 every 15 days and $9,999 every six months, so Sharemoney may not be ideal for those making large regular transfers.
Exact pickup location needed. If you choose cash pickup, you must specify the store — not only a branch — for your friend or family to visit. This could be frustrating if your payee doesn’t live nearby or have transportation.
No live chat option. If you have questions, you’ll need to call or submit an online form for help.
How do I use Sharemoney?
Transferring cash through Sharemoney is an easy process. To initiate a transfer, you’ll need:
A Sharemoney account. You can register for an account as you set up the transaction.
A valid payment method. Your bank account information or debit card or credit card.
Your recipient’s name, contact information and banking details. You’ll only need their bank name and account number if you’re transferring money to an account.
Your contact and banking information. Including the account number and security information for the account you’re transferring from.
If your recipient will be picking up cash in person, let them know to bring along a required ID.
Steps to transfer your money
To initiate a transfer with Sharemoney, simply visit its website and follow these easy steps. You’ll receive a Money Transfer Number with your confirmation to track the progress of your transfer on Sharemoney’s website.
At the top of the screen, select the country you’re sending money to from the country drop-down menu.
You’ll see Sharemoney’s “winning rate” compared with two other money transfer services.
It’s free to create an account. Enter your email address, create a password and click Sign Up.
Continue the sign-up process by entering your first and last name, date of birth, phone number and address, and then select finder.com in the “How did you find us?” drop-down menu.
Once received, log in with your email and password.
Enter the amount in the “You send” field to see how much your recipient will receive in their currency. Under “How much will it cost?” you’ll see separate transaction fees for bank account or debit card and credit card (the credit card fee increases with the amount of the transaction). Enter a promo code, if you have one. Click Continue.
Options will vary by country; for example, a bank deposit may be the only method for your selected country, while others may also offer cash pickup and home delivery.
For this example, we’ll send money to a bank account. Click “Select a Bank” and choose from a drop-down of bank names.
You’ll need the bank branch number and account number.
If using a credit card, you’ll see a warning that your bank may charge a cash advance fee in addition to Sharemoney’s higher credit card fee. Enter your payment information and click “Continue.”
At the end of the process, you’ll receive a reference number and receipt showing the details of your transaction. Keep this information so you can track your money transfer.
What happens next?
Track your transfer. Go to Sharemoney’s Money Tracker and enter the reference number at the bottom of your receipt to see details of your transaction.
For cash pickup, tell your recipient the exact store location you chose for them. They will not be able to request your transfer from any other branch. The money should be available for pickup within 24 hours.
For a bank deposit, your money should arrive within 24 hours.
For home delivery, the money should be at their door within 24 to 48 hours.
Unfortunately, Sharemoney does not offer the flexibility of rate locks, forward contracts or recurring transfers.
Fees start at $2.99 but vary by country and how much you’re sending.
Sharemoney sends to Argentina, Bolivia, Brazil, Burkina Faso, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, India, Mexico, Nigeria, Panama, Paraguay, Peru, Philippines, Senegal, Uruguay and Vietnam.
You can send from $1 to $2,999.99 daily with a cap of $2,999.99 every 15 days and $9,999.99 every six months. You can apply to send up to $9,999.99 within 15 days, but you’ll need to submit additional information to comply with state and federal regulations.
Yes. Go to Sharemoney’s Rates & Fees page, enter the details of your planned transfer and see exactly what you’ll pay and what your recipient will get.
Sharemoney offers bank deposits and cash pickup at more than 41,000 locations around the world. It also offers door-to-door delivery in some countries. Your options will vary by country.
If you’re depositing money directly into your recipient’s bank account, most deposits are complete in as few as 15 minutes. Cash pickups are equally snappy. Courier delivery may take a day or two. Allow extra time for banking holidays, security delays and the payout agency’s hours of operation.
Sharemoney has transferred over $10 billion, is federally and state regulated and uses Extended Validation SSL security to protect your financial information.
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