Best Money Transfer Services 2026
Send money internationally with low fees and great exchange rates. Compare top services and save hundreds on transfers.
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See how much you'll pay and how much your recipient gets
Exchange Rate
0.92
Total Fees
$10.00
Recipient Gets
β¬910.80
| Service | Fees | Exchange Rate | Speed | Countries | Best For | Action |
|---|---|---|---|---|---|---|
| Wise (formerly TransferWise) βββββ | $3-$10 | Mid-market (0% markup) | 1-2 business days | 80+ | Best overall & frequent transfers | Get Started β |
| Remitly ββββ Β½ | $0-$3.99 | Small markup | Minutes to 3 days | 100+ | Best for speed & cash pickup | Get Started β |
| OFX ββββ Β½ | $0 (on $10k+) | Competitive rates | 1-2 business days | 55+ | Best for large transfers ($10k+) | Get Started β |
| Xe ββββ | $0 | Small markup | 1-4 business days | 130+ | Best for no-fee transfers | Get Started β |
| Western Union βββ Β½ | $5-$30 | Higher markup | Minutes to days | 200+ | Best for cash pickup & accessibility | Get Started β |
| PayPal/Xoom βββ Β½ | $4.99+ | Moderate markup | Minutes to 1 day | 130+ | Best if you already use PayPal | Get Started β |
Detailed Reviews
Wise (formerly TransferWise)
Best overall & frequent transfers
Key Features:
- β Real exchange rate
- β Transparent fees
- β Multi-currency account
- β Debit card available
Remitly
Best for speed & cash pickup
Key Features:
- β Fast delivery options
- β Cash pickup
- β Mobile app
- β First transfer bonus
OFX
Best for large transfers ($10k+)
Key Features:
- β No fees on large transfers
- β 24/7 support
- β Locked-in rates
- β Business accounts
How to Choose the Right Service
For Best Rates: Use Wise or OFX
They offer mid-market exchange rates with minimal markup. You'll save the most on large transfers.
For Speed: Use Remitly or Western Union
Need money there in minutes? These services offer instant cash pickup options.
For Remote Areas: Use Western Union
With 500,000+ agent locations worldwide, they reach places other services can't.
For Convenience: Use PayPal
If you already use PayPal, sending money is just a few taps away.
Frequently Asked Questions
What's the cheapest way to send money internationally?
Wise and OFX typically offer the best value for international transfers. They use real exchange rates and charge transparent fees. For transfers over $10,000, OFX often charges $0 in fees.
How long does an international transfer take?
Speed varies by service and destination. Instant transfers (via Remitly or Western Union) can arrive in minutes. Bank transfers typically take 1-4 business days. Wise usually delivers in 1-2 days.
Are online money transfer services safe?
Yes! Services like Wise, Remitly, and OFX are regulated financial institutions with bank-level security. They use encryption, two-factor authentication, and are licensed in the countries they operate in.
What's better: bank transfer or money transfer service?
Money transfer services almost always offer better exchange rates and lower fees than banks. Banks often add 3-5% markup to exchange rates, while services like Wise use the real mid-market rate.
Do I need to pay taxes on international money transfers?
In the U.S., you must report transfers over $10,000 to the IRS. Receiving money isn't taxable unless it's income. Consult a tax professional for your specific situation. Money transfer services handle the transaction but don't provide tax advice.
Affiliate Disclosure: We may earn a commission if you sign up for a money transfer service through our links. This helps us provide free comparison tools. Exchange rates and fees are accurate as of February 2026 and may vary. See our full disclaimer.