The best international money transfer apps: Whether you're supporting family abroad, managing international business transactions, or handling personal finances online, sending money overseas is part of daily life.
In the past, transferring money internationally meant visiting a bank, credit union, or other financial institution. But now, there's a simpler solution: money transfer apps.
To find the right tool, you'll need to consider the currencies involved, fees, speed, and additional features that align with your specific needs.
In this guide, we've selected the best international money transfer apps for 2024, highlighting their features, costs, and processing speeds to help you find the right apps for your financial transfer needs.
Best International Money Transfer Apps
1. Wise
Wise, formerly known as TransferWise, allows personal and business users to send and receive money internationally, check exchange rates, and manage bills. It has over 70 global partners, including Monzo and Google Pay, and provides access to 40 currencies in more than 70 countries.
Key Features:
Payment options: ACH, debit/credit card, Apple Pay, Google Pay, bank transfer
Speed: A few seconds to two business days
Multi-currency account with banking details in 9 currencies
Real-time exchange rate notifications
Recurring transfers
Ratings:
Features: 4/5
Usability: 4/5
Pricing: 4/5
Pros:
Unique multi-currency account
Transparent fees
Cons:
Limited receiving options
Fewer supported currencies than competitors
2. Revolut
Revolut is a digital banking app that offers local and international money transfers, currency exchange, cashback, and interest on selected plans.
Key Features:
Payment options: Revolut-to-Revolut, bank transfers, SWIFT
Speed: 1-5 business days or more
Send money in over 70 currencies
Get a virtual or physical card
Discounts on airport lounges and accommodation perks
Free plan: No international transfer fees for over 29 currencies
Ratings:
Features: 4.5/5
Usability: 4/5
Pricing: 4/5
Pros:
Comprehensive financial tool
Free transfers in premium plans
Cons:
Mobile app only, not accessible via desktop
Limited regional availability
3. OFX
OFX simplifies global money transfers for individuals and businesses, offering over 20 years of experience and services in more than 50 currencies across 170 countries.
Key Features:
Payment options: direct debit, bank transfer
Speed: 1-2 business days
Routine payments for rent and pensions
No fees on transfers in US dollars
Minimum transfer: $1,000 or $250 AUD
Ratings:
Pros:
Usability: 3.5/5
Pricing: 4/5
Suitable for large transfers
Advanced FX features
Cons:
High minimum transfer amount
Limited personal use features
4. Western Union
Western Unionallows money transfers to over 200 countries, providing flexibility for cash pickups, bank deposits, and transfers via e-wallets.
Key Features:
Payment options: bank account, Apple Pay, credit/debit card, cash
Speed: Money transfers within minutes to 5 business days
Save recipient details for quick transfers
Pay bills through the app
Pricing:
Fees vary based on transfer method and location
Fee estimates available
Ratings:
Features: 4/5
Usability: 4/5
Pricing: 3/5
Pros:
Extensive global network
Cons:
Less competitive exchange rates
5. Xoom (a PayPal service)
Xoom, a service provided by PayPal, specializes in international money transfers to over 130 countries.
Key Features:
Payment options: PayPal balance, bank account, debit card, mobile wallet
Receiving methods: bank account, debit card, cash pickup
Speed: Minutes for cash pickups/debit card deposits; a few days for bank deposits
Pay international bills and recharge prepaid mobile phones worldwide
Ratings:
Features: 3.5/5
Usability: 4/5
Pricing: 3/5
Pros:
Seamless integration with PayPal
Ideal for users already familiar with PayPal
Cons:
Limited to senders in the US, Canada, the UK, and the EEA
6. Remitly
The Remitly app allows international money transfers to over 150 countries with flexible payment options designed specifically for immigrants.
Key Features:
Payment options: bank transfer, credit/debit cards, Apple Pay, Google Pay
Receiving methods: bank transfer, cash pickup, e-wallet, home delivery
Speed: 4 hours for express shipping; 3-5 days for economy shipping
Supports 75 currencies
Ratings:
Features: 3.5/5
Usability: 4/5
Pricing: 4/5
Pros:
A wide range of receiving options, including home delivery
Flexible pricing with economy and express transfers
Cons:
Fewer additional features compared to competitors
Navigation between websites can be confusing due to fees
7. Xe Money Transfer
Xe Money Transfer offers competitive rates and is specifically designed for high-value transactions in over 130 countries.
Key Features:
Payment options: ACH, bank transfer, debit/credit cards
Receiving methods: bank account, cash pickup, mobile wallet
Speed: Instant to 3 business days for bank transfers; 1-4 days for recipient delivery
Supports over 100 currencies
Ratings:
Features: 4/5
Usability: 4/5
Pricing: 2/5
Pros:
High transaction limits
Comprehensive currency and country coverage
Cons:
Limited payment methods in some areas
Lack of transparency in fees
8. WorldRemit
WorldRemit helps five million customers transfer money globally, focusing on supporting families and friends abroad.
Key Features:
Payment options: bank deposit, debit/credit card
Receiving methods: balance top-up, bank transfer, mobile money, cash pickup
Speed: Instant to 1-2 days for bank transfers
Send money from over 50 countries to more than 130 destinations
Ratings:
Features
Usability: 4/5
Pricing: 3/5
Pros:
Diverse receiving options
Transparent fees
Cons:
Limited financial services
Frequently Asked Questions
How does Xoom compare to PayPal for international transfers?
Xoom integrates seamlessly with PayPal accounts but offers additional features like cash pickups and mobile recharges, making it more versatile for specific needs. However, its accessibility is limited to certain countries.
Is Remitly good for small transfers?
Yes, Remitly offers economical and express options that provide flexibility for small transfers. However, users should pay attention to the fee structure when comparing it to competitors.
Can I use Xe Money Transfer for business transactions?
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