Who usually transfers money overseas? | finder.com

Who usually transfers money overseas?

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transfers-money-overseas

It’s cheaper and easier than ever before to send an international money transfer.

Whether you’re sending money to loved ones overseas or transferring business funds to international clients, using a specialist money transfer service over a bank can save you money.

In today’s technological society, the world is a lot more closely connected than ever before. As the internet and other tech advancements have overcome the barriers of geographical distance, more and more countries have opened their doors to trade and become global citizens.

As a result, the need for Americans and citizens of other countries around the world to send money overseas has rapidly expanded. The World Bank estimates that more than $601 billion was remitted worldwide in 2015, up from the $534 billion transferred across international borders in 2012.

There is now a wide range of businesses that specialize in offering affordable international money transfers, with more choices and flexibility available than ever before.

So who are the people who most commonly need to send money overseas?

Overseas workers

The strong, stable U.S. economy and our high standard of living make America a popular destination for overseas workers from around the globe. From overseas visitors on a temporary work visa to working vacationers traveling the length and breadth of the country, overseas workers often need to send money home to support their loved ones or to stay on top of ongoing expenses.

Overseas students

With several student visa options available and more than 4,000 higher educational institutions to choose from, America is a popular destination for overseas students looking to further their study and explore the world at the same time.

People moving overseas and returning expats

The idea of moving overseas, either for a short period or permanently, is a tempting one. Regardless of whether you’re organizing your move overseas, sending money back home to loved ones in the U.S. while overseas or preparing for your return home to the U.S., you’ll need to find the most affordable and convenient way to transfer money internationally.

People with friends or family members traveling overseas

As international flights become more affordable and countries around the world open their borders to tourists, there are diverse and memorable travel experiences just waiting to be explored on every continent.

Although travel is exciting, it also comes with a certain level of risk. Wallets can get stolen, bags can get lost, and it can be quite easy to run out of spending money on the other side of the world. So if you need to offer financial support to a friend or family member who is off traveling the world, finding a cheap and quick way to send money overseas is essential.

Compare overseas money transfer companies

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 19.022 MXN 95,112 Transfer up to $500,000 with no minimums and no fees. Go to site Show details
USD 1 1 - 2 days USD 7.00 19.032 MXN
95,027
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 18.994 MXN 94,892 Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.
Go to site Show details
GBP 5,000 1 - 2 days USD 0.00 18.974 MXN 94,872 Minimum transfer: $5,000. For larger transfers, take advantage of no transaction fees and no maximum send limits. Go to site Show details
USD 1 1 day USD 8.00 18.754 MXN 93,619 Easily transfer cash to more than 350,000 locations around the world. Go to site Show details

Compare up to 4 providers

Businesses

Thanks to the internet, countries all around the world are more closely connected than ever before. And while this has led to obvious changes for individuals, it’s also had a huge impact on how businesses function around the world.

For many U.S. businesses, an increasing portion of their transactions take place overseas. Whether buying goods from overseas suppliers or selling to overseas clients, finding a cost-effective way to manage your business’ international payments is essential.

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US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

CurrencyTransfer

Minimum transfer: $5,000. For larger transfers, take advantage of no transaction fees and no maximum send limits.

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US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

CurrencyTransfer

Minimum transfer: $5,000. For larger transfers, take advantage of no transaction fees and no maximum send limits.

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