Check out the list of best international money transfer services you can use to send money instantly using debit, credit card or bank account.

Money transfer services are what you use to convert and transfer money to your family and friends. Nowadays it becomes very easy to transfer money abroad without going to banks. You’ll usually use your debit card, credit card or internet banking to send money abroad.

Depending on which money transfer services you use, the money could be transferred almost instantly. Some of the companies provide instant money transfers with moderate fees and conversion rates. However, some companies take up to 5 business days to transfer your money. This also depends on which country or currency you have been using to send money.

According to the World Bank, $68 billion was sent by individuals in the US to individuals in low and middle-income countries in 2017. This number will keep on increasing as the years pass by and immigration also plays a very crucial role.

As per Forbes, the US is the leading source of crucial remittances as most of this money flow went from migrants working in the US to family members back home.

In this article, we will help you to figure out which services you could use to send your money faster and with low transfer costs. Below are the top 10 global money transfer services to sign up and send your money abroad without any hassle.

Top 10 Global Money Transfer Services: The best way to send or receive money internationally

1. TransferWise

TransferWise is a UK based online money transfer service founded in January 2011. The company lets you transfer money up to eight times cheaper than a bank. The system is simply splendid and easy to use. It also bypasses costly international payments entirely by using two local transfers instead of one international transaction.

ThansferWise money transfer model enables money never actually moves across borders, and the currency conversion is done using the real mid-market exchange rate.

By doing transactions this way means that customers can avoid traditional banking fees altogether and they don’t lose money by transferring at an unfair rate.

As per MoneyIvy’s research, TransferWise is the most convenient form of money transfer than other money transfer services. This is the reason it stays at the top.

TransferWise charges the lowest fees than most of the money transfer service providers. However, the prices may vary depending upon the currency pair which you use. On a Pound Sterling to Euro transfer, the direct fee is 80p plus 0.35 percent of the transfer amount. So if you’re transferring 1000 Sterling Pound into Euros by bank transfer you will pay GBP 4.29 for the service.

On the other hand, you can use your debit and credit card for instant money transfer. This becomes useful for those who want to pay little extra fees and send money abroad with a few minutes. Also, TransferWise supports over 750 currency routes, including GBP, USD, EUR, AUD and CAD.

2. Moneygram

MoneyGram is a US money transfer company that is based in Dallas, Texas. The company was founded in 1940 and is one of the oldest money transfer service providers than others on the list. According to Wikipedia, in 2014, MoneyGram was the second largest provider of money transfers in the world.

As per our research, MoneyGram is more expensive to use for transfers between individuals in the United States with a flat fee of $5 to send amounts between $1 to $49 and a flat rate of $11.50 charged on amounts between $50 and $499. MoneyGram’s fee drops to 2% on amounts of $500 and above, with a maximum amount of $10,000 per transfer.

Sending cash through MoneyGram have been common by those looking to transfer money to the developing countries. However, as the company also permits bank account transfers, it is potentially suited for developed countries too.

The company has more than 350,000 agents worldwide which serve in more than 200 different nations. It provides users to use debit or credit cards to transfer money instantly to the recipient abroad.

3. XE Money Transfer is a Canada-based international money transfer service that is headquartered in Ontario. The company was founded in 1993. It is known for its online currency converter application that offers exchange rate information, international money transfers, and other currency-related services.

XE Money Transfer is a large and trusted international foreign exchange company. The signup process is simple and you can trade between over 120 countries and 130 currencies. Most of the money transfers are completed in one working day but can take up to four working days if you want to reduce the money transfer charges.

The customers of XE Money transfer can fund via bank transfer, debit card, and credit card. One of the major disadvantages of XE is all of its transfers are made to the recipient’s bank account and local cash pickups are not supported.

4. WorldRemit

WorldRemit is one of the most famous online money transfer services that provides international remittance services. The company was founded in 2010 and has headquarter in London, UK.

Over the last nine years of its operation, the company has served almost four million customers. It servers in 90 different currencies and across 150 countries worldwide. The company provides bank deposits, mobile money, and cash pickups at lower rates. The website and app are simple to use and convenient to send money abroad.

In most of the cases, transfers arrivers within minutes. The expected delivery time will be displayed to the customers while making a payment. Moreover, WorldRemit aims to complete the transfers within the given timeframes, however, some transfers can take longer depending on how the recipient wants to receive.

5. Currencies Direct

Currencies Direct started its operations in 1996 and has 20 branches across 4 continents. The company has its headquarter in London, UK. It is not only a well-established brand but also one of the biggest and most trusted international money transfer companies.

Opening an account with Currencies Direct is simple, fast and free. Users can make transfers to more than 200 countries in over 40 currencies using debit/credit card or bank transfer.

However, as per MoneyIvy’s research, the company is much more inclined to provides services to business clients. The transfer fees are a bit higher than most of the money transfer services in the list. Also, a 0.1% receiving fee applies to all funds collected in your account which the company includes in the fee if you agreed on the exchange rate, but it will appear separately on the statement.


The company was founded in 2011 and has its headquarter in California, US. Xoom was acquired by Paypal in 2015 to a total of about $1.09 Billion.

According to FXC data, PayPal’s Xoom is usually somewhere in the middle versus its competitors, when everything is taken into the account. In some cases, Xoom is quite competitive while in others it lacks. That is the reason why we have placed them into the middle.

Depending on the country you’re living, the money can be delivered as cash, deposited in a bank account and airtime top-up. It is possible to deliver money to the receiver’s door.

Moreover, Xoom enables the citizens of Colombia, Costa Rica, Dominican Republic, El Salvador, Jamaica, Honduras, Mexico, Guatemala, Nicaragua, Panama, and Vietnam to pay utility bills.

Xoom is owned by PayPal, thus users can use a PayPal-linked bank account, credit card, or debit card, but note that you can’t out of your PayPal balance.

7. TransferGO

TransferGo is a digital remittance solution that was formed in 2012. The company has its headquarters in Canary Wharf in London, Great Britain.

TransferGo is the fast-growing Fintech brand in Europe. It currently serves 22 currencies across 47 countries. The company is regulated by FCA and has offices across Europe, including London, Vilnius, Berlin, Istanbul, and Warsaw.

Payments can also be made with a debit or credit card if the card is in one of the following currencies: GBP, EUR, PLN, NOK, SEK and DKK or by bank transfer. The money will be delivered to the bank account of your choice. They are also noteworthy for their flexible transfer options. Standard transfers generally arrive within one business day, depending on the country you are sending money from and to. You can also pay more for fast delivery (as fast as 30 minutes) or pay zero fees for slower (up to three business days) transfers. Options and processing times vary by country.

8. Western Union

One shouldn’t ignore the fact that Western Union is the fastest-growing FinTech company when it comes to global money transfer services. Its headquarter is in Colorado, United States and has offices in Europe and Asia.

Western Union service allows customers to transfer money at over 550,000 agent locations in over 200 countries and territories around the world. Users can also send money online via the Western Union website and mobile app to bank accounts, agent locations, mobile wallets. Other than money transfer the company also offers other financial services to its clients.

The money can be sent within a few minutes. Customers of WU can send money using a cash deposit, debit or credit card or bank account. There are also bill payment services for a few countries. Money transfer limits differ depending on what service you choose and your transfer history as well as the sender and recipient’s location, payment, and payout methods.

9. PaySend

PaySend was founded in April 2017 by Abdul Abdulkerimov and Ronnie Millar. It is regulated by the Financial Conduct Authority in the United Kingdom. The company is new into the business but it has over 1.5 million customers worldwide.

You can open an account with PaySend in just a few minutes. The process is completely online and hassle-free. It provides money transfer services to over 80 countries around the world for only £1, $2 or €1.5.

10. EasySend

EasySend provides fast and convenient money transfer options to customers across Europe. The company is specializing in transfers between the United Kingdom and Europe. Since 2006, their clients have trusted them to send over £130 million.

EasySend charges are a bit lower amongst all others in the list as they are specialized in the UK and Europe money transfer. Customers can send money at a flat fee of 0.99 GBP and 0.99 EUR.