5 ways of sending money internationally 2024

Today, the need for international money transfers has become increasingly common. Whether you’re sending funds to family overseas, paying for services abroad, or managing transactions for your business, knowing how to send money internationally efficiently and securely is crucial.

With a plethora of options available, it’s essential to understand the different services and their features to choose the one that best fits your needs. In this guide, we’ll explore the top five international global money transfer services: Wise, OFX, Xoom, MoneyGram, and Western Union. Although it is pretty difficult to find the cheapest way to send money internationally, all the options we offer are decent. So, how to send money internationally with their help?

Wise (formerly TransferWise)

Wise has gained popularity for its transparent and cost-effective approach to international money transfers. How to transfer money internationally with its help? The platform uses a peer-to-peer system to match transfers between users sending funds in opposite directions, reducing the need for currency conversion. Here’s how it works:

  • Online platform: Wise operates entirely online, allowing users to initiate transfers from the comfort of their homes or offices.
  • Transparent fees: Wise charges a low, upfront fee, which is typically a percentage of the transfer amount. Additionally, Wise offers mid-market exchange rates, ensuring that customers receive the fairest deal possible.
  • Bank transfers: Users can link their bank accounts to Wise for easy transfer of funds.
  • Debit card payments: Wise also supports debit card payments for immediate transfers.
  • Virtual debit card: Wise offers a virtual debit card that users can use to pay for goods and services online.
  • Fast transfers: While transfer times vary depending on the destination, Wise generally processes transfers quickly, often within one to two business days.


OFX specializes in global money transfers for individuals and businesses, offering competitive rates and personalized service. Here’s what sets OFX apart:

  • Extensive global reach: OFX allows international money transfers to over 190 countries in 55 different currencies, making it suitable for a wide range of international transactions.
  • Dedicated account managers: Business clients have access to dedicated account managers who can provide personalized assistance and support.
  • Competitive rates: OFX offers competitive exchange rates with lower fees compared to traditional banks.
  • Online platform: Users can easily initiate transfers and track their transactions through OFX’s online platform.
  • Forward contracts: OFX offers forward contracts, allowing users to lock in exchange rates for future transactions, protecting against currency fluctuations.
  • Flexible payment options: OFX supports various payment methods, including bank transfers and debit cards.

Xoom (A PayPal Service)

Xoom, a subsidiary of PayPal, focuses on providing fast and convenient global money transfer services. How to transfer money internationally with its help? Here’s what you need to know about Xoom:

  • Speedy transfers: Xoom offers fast transfer times, with many transactions completed within minutes.
  • Cash pickup: Recipients can receive funds as cash at thousands of pickup locations worldwide, making it convenient for those without bank accounts.
  • Bank deposits: Xoom also supports direct deposits to recipients’ bank accounts in select countries.
  • Debit card and credit card payments: Users can fund their transfers using debit cards, credit cards, or their PayPal balance.
  • Competitive rates: While Xoom’s fees may vary depending on the transfer amount and destination, it generally offers competitive rates compared to traditional banks.
  • Mobile app: Xoom’s mobile app allows users to send money on the go, making it convenient for busy individuals, so people don’t have to wonder how to send money overseas anymore.


MoneyGram is a well-established name in the global remittance industry, offering a wide range of services for sending and receiving money internationally. Here are some key features of MoneyGram:

  • Global network: MoneyGram boasts an extensive network of over 350,000 agent locations in more than 200 countries and territories, facilitating cash pickups and transfers to bank accounts.
  • Online and in-person services: Users can initiate transfers online or visit one of MoneyGram’s agent locations for in-person transactions.
  • Cash transfers: MoneyGram allows users to send funds for cash pickup, making it convenient for recipients who prefer physical currency.
  • Mobile wallet deposits: In addition to cash pickups, MoneyGram supports deposits to mobile wallets in select countries.
  • Loyalty program: MoneyGram offers a loyalty program that rewards frequent users with discounts and perks.
  • 24/7 customer support: MoneyGram provides round-the-clock customer support to assist users with any questions or concerns.

Western Union

Western Union is one of the oldest and most trusted names in the international money transfer industry, offering a range of services tailored to individual and business needs. Here’s what sets Western Union apart:

  • Global presence: With over 500,000 agent locations in more than 200 countries and territories, Western Union provides unparalleled accessibility for sending and receiving funds.
  • Cash transfers: Users can send money for cash pickup at Western Union agent locations worldwide, making it ideal for recipients without bank accounts.
  • Mobile app: Western Union’s mobile app allows users to initiate transfers, track transactions, and locate agent locations on the go.
  • Online platform: Users can also initiate transfers through Western Union’s online platform, offering convenience and flexibility.
  • Bill payment services: Western Union offers bill payment services in select countries, allowing users to pay bills for themselves or their loved ones abroad.
  • Prepaid card services: Western Union provides prepaid card services, allowing users to load funds onto virtual or physical cards for easy spending abroad.

As you can see, when it comes to sending money internationally, there are several reliable and convenient options available.

Whether you prioritize cost-effectiveness, speed, or accessibility, the top five international money transfer services – Wise, OFX, Xoom, MoneyGram, and Western Union – offer a range of features to meet your needs. By understanding how each service works and comparing their rates and fees, you can make informed decisions to ensure seamless transactions across borders.

Staying Safe When Using Top Ways to Send Money Internationally

So, now you know how to send money internationally. Whether you are transferring funds to family members abroad or paying for services in different countries, it is crucial to prioritize safety and security when making international transactions. Take a look at the key strategies and tips on how to stay safe when sending money across borders.

Choose Reputable Online Services for Transfers

When sending money internationally, opt for established online transfer services that have a proven track record of secure transactions.

Companies like PayPal, TransferWise (now Wise), Remitly, or Xoom offer reliable platforms with robust encryption protocols to protect your financial information during the transfer process. Before selecting a service provider, read reviews from other users and ensure they comply with industry regulations.

Understand Exchange Rates and Fees

Before initiating an international money transfer, familiarize yourself with the exchange rates offered by different providers as well as any associated fees. Some companies may advertise low transfer fees but compensate by offering unfavorable exchange rates. Compare total costs across various platforms to choose the most cost-effective option for your specific needs.

Avoid Using Cash When Possible

While using cash might seem like a straightforward way of how to send money overseas, it comes with inherent risks, such as loss or theft during transit. Instead of relying on physical currency delivery services, which can be unreliable at times, consider digital transfers through reputable channels where possible – ensuring both convenience and enhanced security measures throughout the transaction process.

Protect Your Account Information

Whether you wonder how to wire money online through your bank or using an online payment platform like PayPal, safeguarding sensitive account details is paramount. Avoid sharing login credentials via email or unsecured networks; utilize two-factor authentication methods whenever available; regularly monitor your account activity; notify your financial institution immediately if you notice any unauthorized transactions.

Utilize Secure Payment Methods

When sending money internationally, opt for secure payment methods such as debit cards linked directly to your checking account rather than virtual debit cards, which may pose a higher risk due to their limited fraud protection capabilities.

Additionally, consider adding extra layers of security by setting up transaction alert notifications to inform you of every time funds are transferred out from your account – allowing early detection of suspicious activities requiring immediate action.

Seek Customer Support Assistance

Should you encounter issues or concerns regarding international transfers, contact the customer support team’s respective service and provide prompt assistance guidance in resolving problems effectively and efficiently. Reliable companies are responsive, supportive customers, addressing inquiries and providing solutions. Unexpected obstacles arise in the course of the transaction journey.

By following these guidelines and staying vigilant throughout the process, you can help mitigate potential risks associated with sending money across borders, ensuring each transaction is conducted safely and securely.


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