Navigating the world of international money transfers can be tricky, with various options available to suit different needs.

As a result, it’s essential to find the best service to ensure that your hard-earned money reaches its destination without any unnecessary fees or delays.

In this article, we’ll walk you through 11 of the best international money transfer services available today, so you can send your funds with confidence and ease.

Best International Money Transfer Services in 2024

When sending money internationally, it’s essential to choose the right service that meets your needs.

This section will cover 11 top international money transfer services that offer various features, fees, and processing times.

1. Wise (Formerly TransferWise)

Wise Logo

Wise is known for its transparent pricing and low fees, making it one of the best options for international money transfers.

They offer real-time exchange rates and charge a small percentage of the transfer amount as their fee.

With their user-friendly mobile app, you can send money to over 70 countries with ease.

2. Western Union

Western Union

Western Union is one of the oldest and most well-known money transfer services.

They offer both online and in-person transfers, which is helpful for those who prefer a traditional approach.

While their fees can be relatively high, they have a vast network of agent locations across the world, making it convenient to send and receive money.

3. XE


XE offers competitive exchange rates and no transfer fees for international money transfers.

You can make transactions online or via their mobile app, and they support transferring money to over 170 countries.

However, they may have a higher minimum transfer amount than some other services.

4. WorldRemit


WorldRemit is another popular option that allows you to send money to over 150 countries through their online platform or mobile app.

They offer various transfer methods, including bank deposit, cash pickup, and mobile wallet.

Their fees vary depending on the transfer method and destination but are generally competitive.

5. OFX


OFX is known for its ability to handle large transfers with competitive exchange rates and low fees.

They don’t charge a transfer fee for amounts over $10,000 and have a minimum transfer amount of $1,000, making it suitable for larger transactions.

They offer 24/7 customer support and allow transfers to over 80 countries.

6. PayPal


PayPal is a widely known and accepted method for transferring money internationally.

While their fees can be higher than some other options, their platform is user-friendly and allows for transfers to over 200 countries.

However, both the sender and recipient need a PayPal account for this service.

7. MoneyGram


MoneyGram has a vast network of agent locations worldwide and allows for both online and in-person transfers.

While their fees can be higher than other options, they offer various transfer methods, including direct bank transfer, cash pickup, and mobile wallet.

8. Currencies Direct

Currencies Direct

Currencies Direct offers competitive exchange rates and zero transfer fees for international money transfers.

They are an excellent choice for large transfers, as they have no upper limit on transfer amounts. With their online platform and mobile app, you can send money to over 120 countries.

9. TorFX

TorFX 1

TorFX is a reputable money transfer company offering competitive exchange rates and zero transfer fees.

They specialize in large transfers and provide personalized service, catering to individual needs.

They support transfers to over 60 countries and offer account management features.

10. CurrencyFair


CurrencyFair is a peer-to-peer money transfer service that offers competitive exchange rates and low fees.

They charge a fixed amount as a transfer fee and a small percentage of the transfer amount as a margin.

CurrencyFair supports transfers to over 150 countries and offers both a website and mobile app for convenience.

11. Xoom


Xoom is a service owned by PayPal and specializes in fast international money transfers.

With Xoom, you can send money to over 160 countries, and they offer various transfer methods, including bank deposit, cash pickup, and mobile wallet.

Their fees may be higher than other options, but they provide speedy processing times in return.

Factors to Consider When Choosing a Money Transfer Service

Fees and Exchange Rates

When choosing a money transfer service, it’s essential to consider both the fees and the exchange rates.

Most services charge a flat fee or a percentage of the transaction amount.

Additionally, the exchange rates offered may vary from service to service.

To get the best value for your money, compare multiple options and choose a service that offers competitive rates and low fees.

Transfer Speed

Time is often crucial when sending money internationally, so pay attention to the transfer speed offered by various services.

Some providers can complete transfers in a matter of minutes, while others may take several days.

It’s essential to consider your recipient’s urgency when selecting a service.

Sending and Receiving Methods

Different money transfer services offer various sending and receiving methods.

These can include bank-to-bank transfers, cash pickup at a designated location, and mobile wallet transfers.

Consider your recipient’s preferences and accessibility to these methods when choosing a transfer service.

For example, if your recipient doesn’t have a bank account, a service that allows for cash pickups, like Western Union, might be best.

Security and Regulation

The security of your funds and personal information should be a top priority when selecting a money transfer service.

Ensure that the provider is well-regulated and follows strict security measures to safeguard your transactions.

Look for services that are regulated by financial authorities in both your home country and the recipient’s country.

Options like Wise, OFX, and Currencies Direct are known for their secure and regulated platforms.

Customer Service

Lastly, consider the quality of customer service provided by the money transfer service.

Reliable and responsive customer support can make all the difference in case any issues arise during the transfer process.

Look for a service with a range of customer support options, such as live chat, email, and phone support.

In conclusion, consider factors such as fees, exchange rates, transfer speed, sending and receiving methods, security, and customer service when choosing an international money transfer service.

Evaluate your specific needs and priorities to find the best option for your transaction.

Payment Methods

When choosing the best international money transfer service for you, it’s essential to consider the different payment methods available.

Debit and Credit Cards

Credit Cards

Many international money transfer services accept both debit and credit cards as a payment method.

This can be a convenient option for you, as it allows you to fund your transfers directly from your existing card without needing a separate bank account.

Typically, services like Wise, OFX, and Xoom accept both debit and credit cards for most transactions.

Keep in mind, however, that using a credit card may incur additional fees or interest charges from your card issuer.

Bank Transfers

Bank transfers are a popular payment method when sending money internationally.

This involves transferring funds directly from your bank account to the recipient’s account or to the money transfer service’s account.

Once the funds are received, they are then sent to the recipient’s bank account.

Services such as TransferGo, XE, and MoneyGram typically accept bank transfers as a payment method.

It’s worth noting that while this method is secure and generally reliable, it may take a little longer to process compared to other options.

Mobile Wallets

Mobile wallets, like Google Pay and Apple Pay, are becoming increasingly popular as a payment method for international money transfers.

These services allow you to store your debit or credit card information securely in a digital wallet on your mobile device.

To make a transfer, you can simply select the stored card and authorize the payment.

Some transfer services, like Remitly and WorldRemit, accept payments through mobile wallets.

This is a quick and convenient option, especially if you frequently use your mobile device for financial transactions.

Cash and Cash Pick-up

In some cases, you may prefer to send or receive money using cash.

Money transfer services like Western Union and MoneyGram often offer cash pick-up options, where the recipient can collect the funds in person at an agent location.

To fund the transfer, you can either pay in cash at an agent location or use one of the other payment methods previously discussed.

Keep in mind that cash pick-up options may be limited in some countries or regions, so it’s essential to check availability before choosing this method.

As you explore your options for international money transfers, consider which payment method best suits your needs and circumstances.

By weighing the pros and cons of each method, you can make an informed decision to ensure a smooth and efficient transfer process.

Dealing with Potential Issues

Fraud and Scams

Fraud and Scams

Protecting your hard-earned money when transferring funds internationally is a priority.

Stay vigilant against potential fraud and scams.

While many transfer service providers are legitimate, scammers often pose as genuine businesses.

To avoid scams, make sure to use a reputable transfer service, verify their reviews, and double-check their contact information.

In case you encounter any suspicious activities, report them to the appropriate law enforcement authorities.

It’s also a good practice to inform the transfer service provider since they may have a system in place for handling problems like this.

Markups and Hidden Fees

Hidden costs are common when using money transfer services.

These may include exchange rate markups and transfer fees.

To ensure that you’re getting the best value, always compare multiple transfer options from different service providers.

Be mindful of the following factors:

  • Exchange rate: Compare the provider’s rates to the mid-market rate to see if there’s a markup.
  • Fixed fees: Some providers charge a flat fee, while others may charge a percentage of the transferred amount.
  • Same-currency fees: Some providers might charge you extra for transferring money within the same currency.

Transfer Limits

Different services and providers may have transfer limits.

These may include daily, weekly, or monthly limits on the amount that can be transferred.

Always take note of these limits to avoid potential issues during your transfer process.

Consider your transfer needs and find a service that aligns with them:

  • High transfer limits: For large transactions, such as purchasing property, select providers that specialize in handling significant amounts.
  • Low transfer limits: For smaller transfers, providers with lower limits and flat fees might be more suitable.

Sending Money in Different Scenarios

Sending Money

When you need to send money internationally, various scenarios can impact your choice of money transfer service.

In this section, we’ll discuss three common situations: sending large amounts, overseas education payments, and business transfers.

Sending Large Amounts

If you’re sending a large amount of money overseas, it’s essential to look for a service with low fees, competitive exchange rates, and strong security measures.

Some popular options include:

  • Wise Money Transfer: Known for its transparent fees and real mid-market exchange rates, Wise is an excellent choice for large transfers.
  • OFX: With no maximum transfer limits and competitive exchange rates, OFX is well-suited for sending substantial sums of money.
  • Currencies Direct: Offering fee-free transfers and personalized exchange rate quotes, Currencies Direct caters to clients making large transactions.

Before finalizing any transfer, compare the fees and exchange rates of different services to ensure you’re getting the best deal.

Overseas Education Payments

When paying for your child’s overseas education, consider the following factors:

  • Low fees: Look for services that offer minimal fees to maximize your education investment.
  • Transfer speed: Choose a provider that can send the funds quickly, as educational institutions often have strict payment deadlines.
  • Customer support: Opt for a service with reliable customer support to address any issues or delays in payments.

Some money transfer services specialize in overseas education payments, such as Flywire and Western Union. Explore their specific features and compare them with other providers.

Business Transfers

For businesses sending or receiving international payments, consider the following aspects:

  • Cost-effective transfers: Choose a service that minimizes fees and offers favorable exchange rates to save on business expenses.
  • Bulk payments: Providers like CurrencyFair and XE Money Transfer allow you to make multiple payments in a single transaction, streamlining the process for businesses.
  • Integration: Some money transfer services can integrate with accounting software like QuickBooks, making it easier to manage your finances.

In each scenario, selecting the right money transfer service can help save you time and money while ensuring the funds arrive securely and promptly.

Always compare various providers and consider your specific needs before committing to a transfer.

Comparison and Reviews

Trustpilot Scores and Ratings


When looking for the best international money transfer services, it’s important to consider the Trustpilot scores and ratings.

This will give you an idea of how satisfied other customers are with their experience using these services.

Here are some notable Trustpilot scores:

  • Wise (formerly TransferWise): 4.6 out of 5 stars
  • CurrencyFair: 4.4 out of 5 stars
  • Remitly: 4.3 out of 5 stars

Price and Convenience

Another key factor to consider when comparing money transfer services is price and convenience.

You want a service that offers low fees and competitive exchange rates, while also being easy to use.

Here is a quick comparison of a few popular services:

  • Wise: Known for their transparent fees and mid-market exchange rates. They charge a percentage of the amount you’re sending, making them cost-effective for both small and large transfers. Their interface is user-friendly, offering quick transfers and convenient payment options like Google Pay and Apple Pay.

  • CurrencyFair: Offers a unique peer-to-peer model, allowing users to exchange currencies with each other at better rates than traditional banks. They charge a small fixed fee per transaction, making them a great option if you’re looking to save money on transfer fees.

  • Remitly: Provides a simple and easy-to-use platform for money transfers, with a focus on speed. They offer both economy and express transfer options, allowing you to decide between lower fees or faster transfer times.


In this article, we’ve discussed the 11 best international money transfer services for your needs.

Each service offers specific features and benefits to cater to a wide range of preferences.

By understanding your requirements, you can choose the most suitable option for sending money to your friends, family, and business associates across borders.

Each service has its own strengths and trade-offs.

You may prefer one for its convenience and user experience, while another may be a more affordable choice.

Always keep an eye on fees, exchange rates, and transaction times when comparing these services, as they can greatly impact your decision.

Now that you’re equipped with the knowledge of these top international money transfer services, you can confidently select the option that best fits your individual needs.

Happy transferring, and may your funds reach their destination smoothly and quickly!