Sending money overseas is easier than ever—but choosing the right service can save you serious time, stress, and money.
Whether you’re supporting family abroad, paying for international services, or managing a business across borders, the wrong provider can cost you with high fees, slow transfers, or poor exchange rates.
There are now more options than ever—each with different strengths in speed, cost, and flexibility. From trusted names like Western Union to digital-first platforms like Wise and OFX, the best service depends on where you’re sending money, how fast it needs to get there, and how much you’re sending.
Key Takeaways
- Wise, OFX, and Western Union are among the best services for low fees, fast transfers, and global coverage
- Choosing the right provider depends on fees, exchange rates, speed, payment and delivery options, and customer support
- Cryptocurrency and digital platforms can offer faster transfers and lower costs in areas where traditional banks fall short
Best International Money Transfer Services for 2025
Let’s explore the top services for sending money internationally. Each option brings something unique to the table, helping you make the best choice for your situation.
Here’s a quick look at how the top options stack up across key factors like cost, speed, and transfer limits:
| Service | Best For | Transfer Speed | Max Amount | Fees |
|---|---|---|---|---|
| Wise | Low fees, transparency | 1–3 business days | Varies | Low |
| OFX | Large transfers | 1–2 business days | No maximum | None |
| Western Union | Cash pickup options | Minutes to several days | Varies | High |
| Xoom | Flexibility | Minutes to hours | Up to $50,000 | Medium |
| Bitcoin | No intermediaries | Minutes | No limit | Varies |
| MoneyGram | Speed and reach | Same day possible | $10,000 per transfer | Medium |
1. Wise (formerly TransferWise)
For those seeking to transfer money internationally, Wise, formerly known as TransferWise, offers an efficient and cost-effective solution. Here are some key features of Wise:
- Low transfer fees
- Competitive exchange rates
- Seamless way of transferring money across borders
- Minimizes high international transfer fees by routing money using local bank systems
Wise provides a seamless and affordable way to send money internationally. It also offers a borderless multi-currency account. This account allows users to store funds in multiple currencies and handle payments with local bank details in specific regions. It’s almost like having a local bank account in numerous countries, making it a convenient option for frequent travelers or those with international financial commitments.
2. OFX
OFX is a reliable platform for those who need to send money internationally. It offers a fee-free solution for larger transfers, making it a cost-effective choice. Setting up an account is simple—just register online or through the app, verify your identity, and you’re ready to start sending money.
With coverage in over 190 countries, OFX accommodates various money transfer needs. The platform requires a minimum transfer of $1,000 but imposes no maximum, making it an excellent option for individuals and businesses handling transfers of all sizes.
3. Western Union
Western Union, one of the oldest and most recognized names in money transfers, is another reliable choice for international money transfers. The platform offers transfers to over 200 countries, meaning you can send money virtually anywhere in the world.
The speed of Western Union’s transfers can vary. Transfers to a local Western Union branch can be completed in just minutes, while international transfers to a bank account typically take 4 to 8 days. Furthermore, Western Union has an extensive network that allows for cash pickups in many of its serviced countries, providing added convenience for the recipients. However, it’s essential to note that the fees for sending money overseas with Western Union vary depending on the destination and delivery method.
4. Xoom
Xoom, a PayPal service, is another great choice for those looking to send money abroad. One of its standout features is the variety of funding options available. You can fund your transfers through a bank account, debit or credit card, or PayPal, giving you plenty of flexibility.
Xoom also offers a high daily transfer limit of up to $50,000. This makes it a solid option for large transfers, whether you’re handling business payments or personal obligations.
5. Bitcoin
Bitcoin is a modern alternative for sending money internationally—fast, secure, and independent of banks or middlemen. There are no transfer limits, no need for traditional bank accounts, and no restrictions based on country.
Once both parties have a crypto wallet and internet access, the process is straightforward:
- You deposit your local currency on a crypto platform
- Buy Bitcoin
- Send the Bitcoin to your recipient’s wallet
- They sell it for their local currency and withdraw to their bank account
Transfers often complete within minutes, even across continents. It’s especially useful in countries with limited access to banking or where traditional transfers are slow or expensive.
Just keep in mind that crypto prices can fluctuate, so timing matters. For regular or large transactions, it may not always be the most stable option—but for speed, flexibility, and global access, it’s hard to beat.
6. MoneyGram
MoneyGram has been a trusted name for sending money abroad for years. It allows users to transfer up to $10,000 in a single transaction, making it a strong choice for larger transfers. Additionally, transferring money directly to a bank account through MoneyGram highlights the cost-efficiency of traditional bank transfers for international payments.
In addition to its cost-effective transfers, MoneyGram offers the following features:
- Same-day delivery for international money transfers
- Fast transaction speeds
- Ability to send money internationally and have it arrive within the same day
These features are a boon for users needing quick and efficient money transfers.
What to Consider When Choosing an International Money Transfer Service
The best money transfer service for you depends on more than just price. Cost, speed, delivery options, and support all play a role in how quickly and reliably your money gets where it needs to go.
Here are the most important factors to evaluate:
Fees and Exchange Rates
Transfer fees and exchange rate markups can take a big bite out of the amount you send. Some services charge flat fees, while others base costs on the destination and transfer size. You might also face receiving fees on the other end.
Exchange rates are another hidden cost. Many providers mark up the rate for profit—so it pays to compare offers against the mid-market rate.
Bundling larger amounts into a single transfer can help reduce per-transfer costs. Services like Wise and OFX are known for low fees and transparent rates, making them solid options for cost-conscious senders.
Transfer Speed
If your transfer is time-sensitive—like covering tuition, rent, or medical bills—speed matters. Some services deliver funds within minutes, while others take several days.
Xoom and Western Union can deliver quickly, especially for cash pickups. OFX typically processes transfers in one to three business days, while traditional wire transfers may take longer, especially if routed through multiple banks.
Crypto transfers are among the fastest, often arriving within minutes regardless of the destination.
Most providers offer real-time tracking through email, SMS, or mobile apps so you can monitor progress every step of the way.
Payment and Delivery Options
How you fund the transfer—and how your recipient gets the money—can affect cost and convenience.
Funding options typically include bank transfers, debit cards, credit cards, or PayPal. Debit cards usually carry lower fees than credit cards. Wise uses local bank systems to reduce costs and speed up delivery.
For delivery, you can choose from direct bank deposits, mobile wallet credits, or cash pickups, depending on the provider. Some platforms, like Western Union and MoneyGram, offer extensive networks for in-person pickups around the world.
Choose the method that fits your recipient’s needs and the level of urgency.
Customer Support
If something goes wrong, responsive support makes a difference. Look for services with clear help resources and live support options.
OFX offers 24/7 phone support and an easy-to-navigate FAQ hub. Xoom provides support in multiple languages by phone and email, with strong app ratings and detailed cost calculators to guide users through the process.
Before choosing a provider, it’s worth checking reviews and availability of real-time help.
Tips for Saving Money on International Transfers
Cutting costs on international transfers comes down to timing, method, and provider. Here are simple ways to make sure more of your money reaches its destination.
- Compare rates before you send: Even small differences in fees or exchange rates can add up. Use comparison tools or set rate alerts to find the best deal each time.
- Send larger amounts less often: Fixed per-transfer fees mean fewer, bigger transfers often cost less overall than many small ones.
- Use direct bank transfers when possible: Depositing directly into a recipient’s account is usually cheaper than cash pickups or card-funded transfers.
- Stick with low-fee apps: Providers like Wise and OFX offer better rates and useful features like rate tracking, transfer history, and repeat options.
- Avoid credit cards: Credit card-funded transfers often come with cash advance fees and higher rates. Debit cards or bank transfers are typically much cheaper.
Safety and Security Measures for Sending Money Abroad
Security is one of the most important factors when sending money internationally. The best providers use bank-level protection and fraud monitoring to keep your information and funds safe.
Top services like Wise offer:
- Two-factor authentication to verify your identity
- Encryption to protect sensitive data
- Dedicated anti-fraud teams monitoring transactions
- Partnerships with regulated financial institutions
Choosing a trusted provider gives you peace of mind that your money and personal details are protected from start to finish.
Alternatives to Traditional Methods for Sending Money Internationally
Not all transfers need to go through banks. Newer alternatives offer speed, flexibility, and lower costs—especially in countries with limited access to financial institutions.
- Cryptocurrency transfers: Skip the banks by sending Bitcoin or another crypto directly to your recipient. It’s fast, borderless, and doesn’t rely on local financial infrastructure. Just keep in mind that crypto values can fluctuate.
- Digital payment platforms: Tools like PayPal, Skrill, and mobile wallets offer faster processing times, real-time tracking, and strong security features. They’re a popular option for tech-savvy users or regions where bank transfers are unreliable.
These alternatives work best when both sender and recipient have easy access to the required apps or platforms.
Final Thoughts
Sending money across borders doesn’t have to be slow or expensive. From Wise and OFX to Bitcoin and digital wallets, there are more options than ever to send funds quickly, safely, and affordably.
Take the time to compare services based on cost, transfer speed, delivery method, and customer support. The best choice depends on where you’re sending money, how much, and how fast it needs to get there.
With the right provider, you can make international transfers that are fast, secure, and don’t drain your wallet.
Frequently Asked Questions
What is the cheapest country to send money to?
The cheapest countries to send money to are typically those with strong financial infrastructure and competitive remittance markets—such as India, Mexico, and the Philippines. These destinations often benefit from high transfer volumes, which leads to lower fees and better exchange rates. Always check rates before sending, since costs can still vary by provider.
Can I cancel an international money transfer after sending it?
Some providers allow cancellations if the money hasn’t been picked up or deposited yet. Services like Wise and OFX may let you cancel directly in the app or dashboard. However, transfers through platforms like Western Union or MoneyGram are often final once processed. Always check the provider’s cancellation policy before sending.
Do I need a bank account to receive an international money transfer?
Not always. Many services offer cash pickup locations or mobile wallet deposits that don’t require a bank account. Western Union, MoneyGram, and Xoom all support non-bank options. However, for bank transfers or crypto-to-fiat withdrawals, the recipient will need an account or wallet.
Are there transfer limits when sending money internationally?
Yes, most providers set daily, monthly, or per-transaction limits—especially for first-time users. For example, Xoom allows up to $50,000 per day, while MoneyGram caps transfers at $10,000. Limits can often be raised by verifying your identity and providing additional documentation.
Will I need to report my international money transfer for tax purposes?
In most cases, sending money for personal reasons doesn’t trigger a tax liability, but large transfers may be flagged by financial institutions. If you’re transferring more than $10,000, banks may be required to report it to financial authorities. For business payments or gifts, check IRS rules or speak with a tax advisor.
