How to Send Money Internationally

Sending money internationally has become easier than ever before, thanks to the numerous options available. Whether you need to send money to a family member or friend in another country, there are several reliable and convenient services to choose from. In this article, we will explore some of the top options for sending money internationally.

1. Western Union

Western Union is a trusted and widely recognized name in the money transfer industry. It is an excellent choice if your recipient needs to receive money in cash. Western Union has a vast network of agents worldwide, making it convenient for your loved ones to collect the funds. With their reliable service, you can rest assured that your money will reach its destination securely and on time.

2. MoneyGram

MoneyGram is another popular option for sending money internationally. It is the second-largest money transfer provider and offers competitive rates and fees. Like Western Union, MoneyGram also allows cash pickups, providing flexibility for your recipient. With their extensive global network, you can send money to over 200 countries and territories.

3. PayPal

PayPal is a well-known online payment platform that also offers international money transfers. It is a convenient option if you and your recipient both have PayPal accounts. You can easily send money to another PayPal user by entering their email address or mobile number. PayPal also offers additional features like buyer and seller protection, making it a secure choice for online transactions.

4. Xoom

Xoom, a subsidiary of PayPal, specializes in international money transfers. It provides fast and secure transfers to over 130 countries. With Xoom, you can send money directly to your recipient's bank account or have them pick up cash at a designated location. They offer competitive exchange rates and low fees, making it an affordable option for sending money abroad.

5. Wise

Formerly known as TransferWise, Wise is a popular choice for international money transfers. Wise uses a peer-to-peer system that matches your transfer with someone sending money in the opposite direction. This innovative approach allows for lower fees and better exchange rates. Wise also provides a borderless account, which allows you to hold and manage money in multiple currencies.

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6. OFX

OFX is a trusted provider of international money transfers for individuals and businesses. They offer competitive rates and low fees, making it cost-effective to send money abroad. With OFX, you can transfer money directly to a bank account or use their online platform to manage your transactions. They provide 24/7 customer support to assist you with any queries or concerns.

7. Paysend

Paysend is a digital money transfer service that allows you to send money internationally with ease. They offer competitive exchange rates and low fees, ensuring that you get the most value for your money. Paysend provides fast and secure transfers to over 90 countries, making it a convenient choice for sending money abroad.

8. Remitly

Remitly is considered a very secure and trustworthy online money transfer provider. The company is a registered Money Services Business with the United States Department of the Treasury and is a licensed money transmitter.

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9. WorldRemit

WorldRemit has been sending money safely since 2010 and is authorised by the British Financial Conduct Authority (FCA), Firm Reference Number 900891 (you can check the FCA's register here).

When sending money internationally, it is essential to consider factors such as exchange rates, fees, and the convenience of the service. Each of the options mentioned above has its own advantages and may be more suitable for specific situations. It is advisable to compare the rates and fees of different providers to ensure you make an informed decision. With the right service, you can send money internationally quickly, securely, and affordably.

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