How to save when sending $1,000 internationally
Whether sending money to loved ones in Mexico, paying a supplier in Poland or helping your sophomore studying in Rome buy textbooks for the new semester, you can take advantage of competitive rates and low fees when sending $1,000 overseas.
What are my options?
Resist the temptation to run down to your local bank for an international wire transfer. Most US banks offer weaker exchange rates, higher fees and fewer options to send and receive when compared with money transfer services.
Unlike banks, money transfer services like OFX and World First specialize in one thing: money transfers abroad. This expertise allows them to pass along any savings to you. When sending $1,000, even a few more cents in your favor can add up to major savings.
Exclusive offer: $0 fees with OFX and World FirstBecause they’re trusted partners of finder.com, OFX and World First are waiving transfer fees for our readers on all qualifying transfers. See how they compare to find the right one for your needs.
|Maximum transfer||No limit||No limit|
|Transfer fee||$5 for transfers of up to $5,000; no fee for higher amounts||$10 for transfers of up to $10,000; no fee for higher amounts|
|Transfer speed||2 days||1 day|
|Transfer methods||Online, phone, agent, bank-to-bank, money order||Online phone|
Calculate your savings when sending $1,000 internationally
Case study: Send $1,000 to Mexico
Gabriel wants to send a birthday gift of $1,000 to his cousin in Mexico. He instead decides to compare what his bank’s offering to that of an international money transfer service to see where he can get the best deal.
|Major US bank||Money transfer company|
|Exchange rate||1 USD = 20.94 MXN||1 USD = 21.31 MXN|
|Transfer speed||2–5 days||3–4 days|
|Transfer options||Online, in branch||Online|
|Total pesos received||21,203 MXN||20,835 MXN|
Though speed times are similar for both services, Gabriel discovers that his cousin could receive an additional $17 in pesos with the money transfer service on the exchange rate alone, and he could save an additional $5 on transfer fees.
Stop paying too much when you transfer $10,000 overseas
Your options to find the most affordable deal when you transfer $15,000 overseas
What’s the best way to send a lot of money overseas?
Transfer $1,000 from the US
We’ve compiled the minimum and maximum transfer amounts for leading providers that can help you transfer $1,000 overseas.
|Provider||Minimum transfer amount||Maximum transfer amount|
|World First||$250||No limit|
|Travelex International Payments||$500||No limit|
|Currency Online||$0||No limit|
Save money when transferring $1,000 overseas when:
- Moving overseas
- Buying property overseas
- Sending money to friends and family
- Paying rent on an overseas property
- Helping a child with education fees
- Making regular overseas payments
When transferring $1,000, it’s vital that you get the most affordable deal. Even a slight difference in exchange rates or fees can make a big impact on the overall cost of your transfer, so you’ll want to compare your options before choosing provider.
“Go to site” for the best deals among our partners
When sending $1,000 or any other amount overseas, you’ll want to make sure to get the best deal. To take advantage of any deal in our comparison table above, click “Go to site” to begin your transfer with that trusted partner.
Each of our transfer partners offers safe, secure and affordable overseas money transfers, allowing you to send quick and cost-effective transfers anywhere in the world.