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. Just by few clicks, you can move your money from one place to another. All you need to have a debit card/credit card or internet banking to send money abroad.

Depending on the money transfer services, you get an option to transfer your money. Some of the companies provide instant money transfers with moderate fees and conversion rates. However, some money transfer services take up to 5 business days to transfer your money. All this depends on which country or currency you use to send money abroad.

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 reported by migrants working in the US to family members back home.

In this article, we will help you to figure out which services you can 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 that was founded in January 2011. We put the service at the top as the system is simply splendid and easy to use for nontechies. TransferWise is up to eight times cheaper than a bank.

ThansferWise uses a different kind of money transfer model that enables it to send money with a lower fee.

As per MoneyIvy’s extensive 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. You can check the TransferWise calculator to calculate the fees and pricing.

You can use your debit/credit card for instant money transfer which of course comes with higher fees as compared to bank transfer. But this becomes useful for those who want to pay a little extra and send money abroad instantly within a few minutes.

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.

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.

The company gains an advantage over other money transfer services because of its wide range of networks. This enables customers from developing countries to use this service.

3. XE Money Transfer

XE Money Transfer is one of the most trusted international foreign exchange company on the list. Opening an account is very simple and takes 1-2 business days to complete the KYC process. Users of XE can transfer money to 120 counties and 130 currencies. Most of the money transfer takes 1 working days to settle it up to the sender’s account, however, there are various other options to send money instantly.

XE’s users can transfer funds via bank transfer, debit card, and credit card. But 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 is easy, fast, and free. By using Currencies Direct you can make transfer money to 200 plus countries by 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 has been acquired by Paypal in 2015 to a total of about $1.09 Billion.

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.

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 funds can be transferred to the bank account of the customer’s choice. Like, other money transfer services in the list, TransferGo also provides various transfer options to its clients.


Standard transfers generally arrive within one business day, depending on the country you are sending money from and to. You can also pay a little extra fee for fast delivery (as fast as 30 minutes) or pay zero fees for slower (up to three business days) transfers. Options and processing times may 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.

Among all the money transfer services in the list, WU has a huge number of franchises around the globe. Users can also send money online using the 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.