Your first transfer is free with the code FREE. When you need to send money overseas, benefit from competitive exchange rates and low transfer fees with TransferWise. Special offer for finder. There are no online transfer fees for all finder. Compare more money transfer services Choose a topic Costs For business Cash transfers Countries Send online Compare money transfer services Use the currency transfer calculator below by entering the amount you want to send and choose the currency you are sending to.
I want to send. Save money on your personal or business international money transfer today. Minimum and maximum transfer limits What are my rights when it comes to money transfers? Avoid a money transfer scam Why trust us? We even sent transfers with 13 providers to see if their services were as good as they claim.
Our editorial guidelines underpin all of our guides, and you can be sure that the information we present is accurate, unbiased, and thoroughly vetted. An international money transfer, also known as an international remittance, allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which exchanges the money into your desired currency, and then sends the money to your recipient in another country.
Depending on the provider, this can be done in person, over the phone, through a mobile app or online. Delivery of the funds varies from provider to provider. There are two ways that a provider makes money on your transfer. The obvious one is the transaction fee. But the sneakier one is what your bank or transfer service marks up on the exchange rate.
Fees Most providers either charge a set fee per transaction or they charge a percentage of your total transfer amount. To safe on fees, keep an eye out for special deals. But because World First is a trusted partner of finder. A lower fee might be accompanied by a poor exchange rate, negating any savings from the low fee.
Factors that influence the exchange rate include interest rates, economic stability and inflation. The provider will mark up the exchange rate — and pocket the difference.
Using a provider that offers the most competative exchange rate could save you hundreds on your transaction. Back to guide index Compare money transfer providers.
Below are a few tips you can use when sending money overseas. His bank offers a weaker exchange rate and a stiffer transaction fee than a money transfer service does. Working with a money transfer service, Alex discovers it offers not only a stronger exchange rate but also a lower transaction fee. Consider the purpose of your transfer. Are you sending money to friends and family overseas, or are you a business looking to pay for goods and services, potentially regularly?
For business owners, time is our greatest commodity. Without time to research our options, we often end up going with our bank. But a little planning can set you up for significant savings on your transfers. Many online money transfer providers allow you to send and receive funds almost instantly. Transferring the money into a bank account might take a few days.
Bank-to-bank transfers also take a few days to clear. If you need to send a same-day or emergency transfer, there are providers that allow your recipient to pick up their funds quickly, often within an hour.
Larger payment networks allow for nearly instant transfers with cash pickup:. How to safely make an emergency money transfer to a friend or family member.
We researched over 35 providers and sent money transfers to two countries to find out who offers the best products. Exchange rates This is the rate at which your money will be converted to your target currency. Some transfer providers offer lower fees but weaker exchange rates, while others charge no fees but profit from the margin between its rate and the mid-market rate. Fees Your bank or transfer provider will usually charge a fee for making a transfer.
Bank-to-bank transfers are safe and convenient but typically not your cheapest or fastest option. Amounts The best method for transferring money might depend on how much you want to send.
With a one-time transfer, you may put more weight on speed and flexibility in delivery, such as cash pickup. Speed Sometimes you or a loved one is in an emergency and needs funds quickly — and in cash. Thankfully there are global money transfer providers with tons of agent locations that allow your recipient to pick up the funds in cash, often within minutes. If you have a little more time, however, consider an independent transfer provider that can get you much lower fees and stronger exchange rates.
The United States does business with just about every country worldwide. When it comes to money transfers, you have options to convert your dollars into Mexican pesos, Kenyan shillings and many currencies in between. Larger networks like Western Union will have the largest number of possible currencies, whereas smaller banks and other services usually limit their supported currencies to the most popular ones.
Choose your country from the drop-down: The rise of online money transfer services gives you more options — and stronger rates — than ever before. These services specialize in safely moving money internationally, saving you frustration when making or receiving regular payments. Buying, selling or investing in a property abroad? Compare transfer services to make your purchase safely, whether closing on your dream home or scheduling recurring payments.
When transferring big money, it all comes down to the exchange rate. How important is the exchange rate? A solid exchange rate is crucial. When it comes to larger amounts, even two cents in your favor can save — or cost you — hundreds of dollars. If you have the luxury of time, you may be able to take advantage of a limit order. When a few cents totals thousands How important is the exchange rate?
But to be sure, you crunch the numbers. Finding the inverse rate, you learn that the exchange rates are a mere 1 cent difference 0. How do I find the inverse exchange rate? The world of finance can feel hopelessly complicated. To find how much 1 euro is worth in dollars using this same exchange rate, divide 1 by 0. Minimum and maximum transfer limits can vary by provider , currencies and recipient country. Before you agree to a transfer, you have the right to know:.
Most services will give you a tracking number or ID that you can use to check the status of your transfer. In many cases, your recipient will also receive one so they can check as well. Learn how to track, cancel or get a refund. What are the tax requirements when sending a large transfer? Watch the cable shows you want, when you want and where you want.
Credit Suisse settles FX trading investigation, Norges Bank suggests greater market transparency and Turkey's central bank wants financial stability. The industry-first partnership adds convenience to money transfers, but at a cost. Yemen takes on depreciation and fights forex black market, while Wells Fargo axes four forex bankers.
This week's currency news rounded up. The minimum you can send depends on the service you use. See the countries you can send money to on our individual review pages. How much does it cost to send money? Providers generally turn a profit on your money transfer in two ways. One is by charging you a fee to complete your transaction. These transfer fees can vary wildly by provider but are typically a flat fee or a percentage of your transfer. How long does money take to arrive?
Western Union can have funds to your recipient almost instantly. MoneyGram, on the other hand, can send funds to China that are available in as little as an hour, but funds are available the next business day when sent to France.
Sending money to Australia using OFX takes at least a day, whereas countries like Canada can take one to three days. Is there such a thing as a free international money transfer? Yes, a number of providers have fee-free thresholds for international money transfers. See how they compare to find the right one for your needs.
How can I send money online? Today, you have many options for initiating money transfer. But if saving money is your goal, online services are a wise choice. Most banks offer the ability for account holders to initiate a transfer online simply by logging into their account. Online money transfer specialists like TransferWise and World First have been giving banks a run for their money, offering lower fees and stronger exchange rates. Still other online options include PayPal and payment apps like Circle.More...