With the rise of digital money transfer services, sending money internationally has gotten easier and more comfortable. Whether you need to send funds to loved ones abroad, conduct business, or pay for goods and services all across the world, selecting the appropriate money transfer provider is important.
In this blog post, we will look at the top 10 best money transfer services to send money internationally and provide safe, quick, and cost-effective ways to move money across borders.
10 best money transfer services to send money internationally.
Let’s take a look at the top best money transfer services to send money internationally.
1 – TransferGo
TransferGo is well-known for continuously providing the lowest international money transfer rates, particularly to European countries. The platform provides numerous pay-in and pay-out alternatives.
It is ideal for transfers from the United Kingdom to Poland and the United States. It also offers transfers from Turkey to Ukraine, Turkey to the EU, and Poland to the United Kingdom.
2 – Instarem
Instarem is well-known for offering competitive exchange rates and low fees. They also provide a user-friendly platform; after your account is set up, you can quickly navigate and use their service. Another advantage of using Instarem is that they provide rapid transfers, which means your money will reach your receiver within a day.
It’s ideal for transfers from India to the United States, Canada, or the United Kingdom. It is also useful for transfers from the United States to Nigeria and from Canada to the United States.
3 – XE Money Transfer
XE Money Transfer supports 130 countries and around 100 currencies. Furthermore, XE is backed by Euronet Worldwide, giving users peace of mind that their money is in good hands. The majority of transfers are handled within one business day. It is a well-liked platform with numerous positive client reviews.
For international money transfers to India from the United States or the United Kingdom, XE is quite competitive. It’s also ideal for the popular UK-Poland route.
4 – WorldRemit
WorldRemit’s international money transfer service has a broad reach, reaching places where other suppliers may not. They have a large network of cash pickup places for beneficiaries’ convenience. The website provides a number of ways to send and receive money, including bank transfers, cash pickups, mobile money, and airtime top-ups. WorldRemit’s strong characteristics are its ease of use and client happiness. They also offer a dedicated customer service team to help users with their transactions.
If you need to send money from Japan to the Philippines, Malaysia to Indonesia, South Africa to Nigeria, France to Morocco, Malaysia to India, or Malaysia to the Philippines, WorldRemit is the finest option.
5 – Small World
Small World, which is available in most of the EU/EEA, the UK, the US, and Brazil, is a viable alternative for users wishing to send money to a cash pickup site, particularly in South America, Asia, and Africa, where Small World has a large network of locations.
6 – Remitly
Remitly is consistently the world’s cheapest overall international money transfer company. Remitly international money transfer company also has a high Monito rating, demonstrating its worth in terms of security, client happiness, and quickness.
We recommend Remitly, which is available in Europe, North America, Singapore, and Australia, especially for transfers headed for cash collection, because its pricing is quite competitive for these types of transfers.
7 – Wise
Wise is a world-class solution for international money transfers, especially for small- to medium-sized payments.
Wise is available in the EEA, UK, US, Singapore, Japan, Australia, and New Zealand, and its pricing is usually the most competitive for small- to medium-sized transfers meant for international bank accounts.
8 – Global66
Global66 provides a handy fee calculator that includes exchange rate margins, allowing consumers to easily understand and compare the prices of international money transfers. The platform also features incredibly competitive fees and exchange rates from Argentina, Chile, Colombia, Ecuador, Mexico, Peru, Spain, Brazil, and the United States.
In fact, Global66 was the best transfer service in 2022 on average for transfers from Mexico to the United States, Columbia to Spain, and Columbia to the United States.
9 – Skrill
Skrill transfers are safe, quick, and simple. The platform has a good reputation and received positive feedback from customers on Trustpilot. It accepts a wide number of currencies and nations, and international transfers may be conducted with both debit and credit cards, making it a convenient option for consumers.
It is frequently an excellent alternative for transfers from Morocco to France, Germany to Ukraine, and Saudi Arabia to India.
10 – Currencyfair
Currencyfair is a simple and easy-to-use web and mobile app interface for effortless navigation. Users can choose their desired transfer speed and pricing on the platform, providing them with the freedom to select and pick the option that best meets their needs. Furthermore, CurrencyFair has high customer satisfaction ratings. CurrencyFair offers the added benefit of being connected with Xero, making it a straightforward solution for managing financial transactions for businesses.
Currencyfair has historically provided competitive rates for transfers between the United States and Canada, Poland and the United Kingdom, Germany and the United States, the United States and Spain, and the United States and Germany.
How To Send Money Internationally
Each transfer service provides detailed instructions on how to send money abroad. However, they generally follow the same procedure.
1. Create an account or sign in
Create an account with the best international money transfer app for your needs. Provide your driver’s license, passport, or other government-issued identification to prove your identity.
2. Provide the Recipient’s Information
Enter the name and banking information for the person receiving the funds. Choose a place if your receiver needs to pick up the money. Please supply the recipient’s name precisely as it appears on their government identification.
3. Determine How Much Money To Send
Choose how much money you want to send internationally and which currency your receiver will receive.
4. Make Payment for Your Transfer
You can pay for the transfer with a credit card, a debit card, or a direct bank transfer. Paying for the transfer with your bank account will be the least expensive choice, whereas paying with a credit card would almost certainly result in costs.
5. Keep Track of Your Money
When you make the transaction, most applications will show an estimated delivery date and time. They frequently allow you to monitor the progress of your international money transfer.
When it comes to sending money abroad, the correct money transfer provider can make a big difference in terms of cost, speed, and ease. The 10 services described above provide dependable and secure means of transmitting money across borders. When selecting the finest money transfer service for your personal needs, consider issues such as exchange rates, costs, transfer speed, and destination coverage. You can ensure that your international money transfers are efficient, reasonable, and trouble-free by making an informed decision.