Fastest Ways to Send Money: What Are Your Options?
Table of contents
We only list companies that are trustworthy and appropriately licensed. Our aim is to give you a comprehensive view of the regulated money transfer marketplace.
DisclosureMoneyTransfers aims to help users find the best money transfer provider for their needs. To support our free service, we may earn a commission from some of the providers listed in our search results. The commission may also impact the ordering of the providers shown. Our reviews are independent from this and are based on our editorial policy, research and testing of dozens of remittance providers on the market.
Table of contents
Transferring money, whether with or without a bank account, is sometimes urgent. Avoid delays by finding the fastest ways to send money using the top money transfer services.
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Instantly view live exchange rates, fees & features.
The fastest way to send money is through a money transfer company. They offer faster transfers than banks and PayPal, with most transactions complete on the same day.
Wise, Revolut, Xe, and WorldRemit are some of the fastest money transfer providers on the market.
Using your bank for international transfers is slow due to interbank networks and processing times. With a bank, you will also get poor exchange rates and pay high fees.
Thankfully, there are better alternatives available.
Specialist money transfer companies offer:
Faster transfers made within their own networks
Better exchange rates
Low or no fees
A mix of online, app and managed services
Wise is the fastest provider in most cases, with 45% of transfers completed in less than 20 seconds.
If you'd like to send a large amount, XE may be the fastest provider, with 90% of its transfers completed in 24 hours.
The fastest ways of transferring money
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Please share your experience with Wise
Would you recommend Wise?
Russell Pinkes
I can’t send money to Belize
Katsiaryna
Once trying to open sire, was automatically blocked for no reason
Alan
Unable to transfer money from Philippines to any other country. Philippines Wise does not work
Anonymous
Retiro de dinero en transferencia
Uwe
great rates and service - unfortunately for some countries not yet available
Martin Premprakash Anantharaman
On the first transfer to a hospital in NY they were already screaming that this was a sure scam and the same on my next transfer to a fried in Nigeria. They then summarily closed my account TERMINATING THE RUNNING TRANSFER TO NIGERIA, claiming that, hold on, I was being scammed🤦♂️ Sure, I could have appealed but immediately found that I would have had to provide so much intrusive detail that I desisted.
Martin Premprakash Anantharaman
Setting up is a bit unwieldy if you want to make a one-off transfer, as you have to create an account with complete identification - but it works and the process as well as charges are great.
Anonymous
My brother wants to send me money from India to Nigeria but he's finding it difficult how can he do it
Mohammed
WARNING : Wise was Great until main office decided to ruin WISE By letting the TW India office control handling Random verifications and do what ever they want by insane replies and no replies etc. If you want to waste your time and enjoy a journey into Black Hole of Insane then go ahead and try WISE !
Anonymous
Can't receive money from php to idr so far
sudheir
They don't allow transfer to Brokerage firms from India
Anonymous
Good app to transfer money
Anonymous
I didn't find Cuba on your list.
Anonymous
cuba not work
Nina
I made a transfer to a Canadian company 1.5 months ago, and the funds have not yet been received. After multiple emails, Wise insists that the money was paid out. However, I have received an official statement from the recipient’s bank confirming that the money has not been received. Wise's complaints department sent me a final letter stating that, according to their records, the funds were paid out. Additionally, Wise states the following in their Customer Agreement regarding their responsibility for losses: Quote from Wise's Terms: "Our Customer Agreement also explains our responsibility for losses in Section 29: 29.1 Unforeseeable loss or damage. We are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time the contract was made, both we and you knew it might happen, for example, if you discussed it with us during your sign-up process. 29.9 We are not liable for things which are outside of our control. We (and our affiliates) cannot be liable for our inability to deliver or delay because of things which are outside our control." Despite these terms, Wise has not been able to resolve this issue, and the money has still not been delivered as promised. I find it irresponsible that Wise does not conduct any investigations into the matter. The Canadian bank associated with Wise is unable to provide any information, as everything goes through Wise. Wise must be capable of tracking the funds and providing precise details about where exactly the money is, who received it, and to which bank account it was deposited. I would advise everyone to be cautious when transferring large sums of money with Wise. They are not capable of executing a secure money transfer!
Shengjie Yin
good and perfect
Tristan
Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business I am sharing my experience with Wise to warn fellow business owners about the serious risks and unacceptable practices you may encounter if you choose to use their services. My business, is a legally registered travel agency in the UK, and I relied on Wise to manage payments for my photography and cultural tours, primarily in South America. Things took a turn for the worse when Wise froze my account and accused my business of violating their Acceptable Use Policy, citing my once-a-year humanitarian trip to Cuba. Despite explaining multiple times that: No Cuba-related transactions were ever processed through Wise (I use a separate European bank for this purpose), My tours comply with the “Support for Cuban People” category authorized by OFAC, designed to help Cuban citizens outside state control, Wise completely ignored the facts. Their customer support team responded with automated messages, refused to engage in any meaningful dialogue, and even lied, claiming they didn't monitor my emails—despite clear evidence to the contrary. After days of chasing them and providing thorough documentation, they chose to close my account without justification. The Consequences: Wise left my business in chaos, disrupting essential transactions and client arrangements. Their rigid policies align with sanctions widely condemned by the global community, and in doing so, they indirectly support humanitarian suffering. The Bottom Line: Wise is unreliable, unresponsive, and unethical. If your business has any complexity or humanitarian focus, beware: Wise will shut you down without notice or explanation, and customer support will abandon you. Their actions have serious real-world consequences. Avoid Wise if you value your business stability or require ethical and accountable financial services. There are far better alternatives out there that won’t put your livelihood at risk Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business
Anonymous
I have been a customer for a few years. Yes I love the instant deposits as I make around $1K. However as many non US entities Wise uses a bank out of New York. Therefore the TRANSFER and DEPOSIT from an account transfer can take 4 to 6 days. What this means is that you will not able to make another ACH transfer during this time. This is frustrating if you have to make a follow up transfer in a few days. All in all don't plan to make more than 4 transfer in a month because it may not fo through, Not sure if other transfer companies operate the same way but I am about to find out as I will try Revolute. Bottom linw will require you to use ANOTHER payment method like credit card or some other method. Understand this: YOU MAY HAVE THE MONEY IN YOUR ACCOUNT but they WILL NOT TRY TO VERIFY IT WITHIN THE THE PERIOD IT WILL TAKE THEM TO DEPOSIT IT IN YOUR ACCOUNT. To add insult to injury I called in and the agent siad that they can see that they got paid but the computer takes time to update/reconcille I guess! It is a slow system!
Anonymous
There is a lot of advice on RECEIVING INHERITANCE in the UK from overseas but nothing on the rules for SENDING money gifts to grandchildren living OVERSEAS and the rules on Inheritance Tax in that case.
Anonymous
The service is decent, nothing more. I have had security issues that are not quickly resolved. Call center personnel are average. The app is not, in general, user friendly. You should definitely do research on a variety of service providers before making a choice. Do not take the reviews at face value. I chose Wise based on positive reviews but now regret not doing more research on other companies.
Anonymous
So far so good
Daniel
I checked to see if Wise even sends money to Colombia. Colombia is not even in their list of countries. Why is it even advertising for Colombia?
Bill Sanders
I have used Wise for several years. They once rejected a large transfer because it was to a coal company. Apparently, they are a woke company! But they refused to tell me why. More recently, they required verification of my identity using a smart phone. I am 69 and never owned a cell phone because I don't need one. But they forced me to buy one, which I did last week. Getting the phone updates ate up all my data, so i got 1 GB more. I took 12 different pics of my passport and another 12 of my face for them. They rejected them - and are holding up my transfer. Now my phone ate up that gig of data and I must buy another gig (thru Tracfone) just to use the phone. What a hassle. This is not a photo studio! They know who i am already. Note: This comment has been edited by the MoneyTransfers.com team to align with our content guidelines.
Ziggy Meilus
It used to be always instant, now it may come right away or it can take 5 even 7 days to get the money.
Anonymous
i've heard of people having issues with accounts being locked/restricted, but i think that was mostly for business accounts, maybe they were locked for good reason. for me, i've had no issue with my account though i've only used it for small transfers and not very often, over the past 5+ years
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Please share your experience with Xe
Would you recommend Xe?
Anonymous
The transfer rate was way lower than displayed on the comparison site.
Anonymous
Great for large transfers.
Anonymous
Fast, great rates, easy to use. Good for large transfers.
Paul Ansems
XE money transfer scam -stay away-WARNING Don't use this company! After several successful transfers. This time, I sent the money and they received it. After 7 days with no reason that they would cancel it. I sent their compliance team everything they asked. I found my privacy threatened but sent them anyway. I asked for a supervisor or manager but was denied. They obviously hang onto your money as long as possible and after making money from it like interest. If the exchange rate amount is too high and drops after holding it then they cancel it. WARNING Don't use this company!
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
Please share your experience with WorldRemit
Would you recommend WorldRemit?
Andrew Judd
My account was deactivated. No reason given. I don’t have multiple accounts. One recipient was a scammer and I deleted them. I’ve helped out many friends with medical expenses. Wisdom tooth extracted 2500 and 1000 for some food. That’s all Motorcycle accident 5000 that’s all Flight home and medicine for grandfather 6000 That’s all. The scammer offered a video. I don’t buy any videos I’m visiting a friend who is a teacher and offered to pay 2600 for a flight and 16000 for luggage, swimsuit and rent on her place while she is off work and holidaying. Now I have to go to a post office and use western union
Terry Twala
Very efficient.
Anonymous
Very misleading, live exchange rate does not match with their app is showing. Fast and seems to be secure, I use them when I'm in need to send fund ASAP.
Anonymous
different price from shown here
Anonymous
exchange rates on comparison website are quite high
Anonymous
Only phone app.
Stanley Davidson
After setting up a valid account with all true and real identity, the system blocked me without any valid reason. Upon calling Customer Service & requesting a reconsideration & a valid reason why I was blocked, Customer Service said that I "violated some TOUs" (Terms Of Use) without stating exactly what I did. My ONLY action was an ATTEMPT to do a normal wire transfer. One can't do anything but to do a wire transfer, & it WAS NOT completed. How do they block my account for something, whatever it was, that I supposedly committed? When I requested the reason for the block they'd said that "it's Company policy to not provide reason(s) why an account is blocked", so exactly how am I supposed to not do something if I re-read their Policy against such action when I can't find why I was blocked? It was asked repeatedly why/what Policy(ices) was/were broken enough to cause the account to be blocked, but they'd completely refused to answer or acknowledge the question, they'd just kept completely silent. That ended the conversation because anything further would remain in total silence, so it was useless to ask anymore questions. I will be 💯% posting this exact statement on www.trustpilot.com for the world to see how undeserving this company is when mistreating a customer for no valid reason. Please enjoy the review!!!
Anonymous
Awesome service
Anonymous
I cannot figure out how to fund my transfer with my bank account instead of a debit card. The Chat service took way to long to answer my questions. Frustrating experience.
Robert Myles
Hi All a good place to send money to ghana
Jake Reynolds
Is this company an app? Or does it run a proper website? Who knows? Customer service is only through their app so I am guessing that if you dont do 100% of your transactions through your phone, forget WorldRemit. I dont use my phone because after all the extra strong passwords, and bio id, and 2 step verify, and whatever comes next they are STILL UNSECURE.
Anonymous
The money I sent got stuck without a return because I couldn't provide a bank statement as proof. The bank account I was having didn't have that privilege. All requirements should be stated beforehand.
Anonymous
app not working. tried to use on my smart phone and woudnt sign up.
"An exciting, fast-growing global payments company focusing on Latin America. Official fintech partner of FC Bayern Munich and offers a best price guarantee."
Please share your experience with Global66
Would you recommend Global66?
Anonymous
Good trades
Maria Gilda Hayden Becker
Business transfer
Anonymous
Very good service in Colombia. When compared to other platforms, it offers lot more options and flexibility to Colombian users. Wise for example, does not have option to issue physical card to Colombi, link cuurent account, transfer from balance to Colombia accounts. Global66 provides all these options easily.
Claudia Venegas
Has been a good tool to use when traveling, and aso when needing someone to transfer money back to me. easy to use, and fast and reliable. Nice!
"Zing is a new money transfer app, offering a best-in-class mobile app & member perks. Fee structure is competitive, especially for smaller, regular payments."
Please share your experience with Zing
Would you recommend Zing?
Anonymous
I used Zing to pay at bars and restaurants in Portugal. I didnt bring the physical card with me, so relied on the Apple Pay integration. It worked perfectly, with the exception of one time when the transfer was declined. However, the Zing app didn't notify it was declined until after I had left the restaurant. A bit of a pain, as I had to return later that day. I'm not sure the cause of this, as the card continued to work fine after. I contacted Zing's live chat support on the app, which was pretty fast to respond, however did not really give an adeqate explanation of why the transaction was declined or why I was not notified by the app about this. That one instance aside, it worked fine for around 15 other transactions totalling over 1,000 EUR. The conversion process from GBP to EUR was very easy (the app is excellent btw). It takes a bit of attention to figure out exactly how the fees work and how much you will be charged. Some of my conversions from GBP were done for a discount, as Zing does offer a certain amount of free conversions per month. I converted £800 to EUR, which cost £0.60, and a further £250 which cost £0.50. Both conversions were done at mid market rate. Overall, it cost me £1.10 to convert £1,050 to euro, which is around 0.1%. Pretty happy with that, negligible costs on the conversion and a solid overall experience. I will probably use again next time.
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Please share your experience with OFX
Would you recommend OFX?
Anonymous
They have limit amount
Anonymous
Not free service
Schuffner
all question answered, rechecked, not successful!
Jon
Free for two months than have to pay a monthly fee. I don't want to do that.
Anonymous
Plz give me my withdraw
Anonymous
Gives better exchange rate
Michael Patrick Briggs
It amazes me that a company dealing with your money can afford to be so cavalier with how they treat you. I made a transfer of AUD$3000 to two different recipients on a Monday, then apparently needed to verify my identity due to an update of location actioned by a staff member without my consent. I provided that on the Tuesday, and despite contacting OFX three times over the next few days, only got an update at 4.30pm Friday that more information was required. That came with a promise that if I got it to them fast, my transfers would be processed before 5pm. I sent the requested information within minutes - it is currently 5.30pm and nothing has happened. That means AUD$3000 has been sitting with them for a week, transfers don't occur on the weekend, and I have no faith it will even be Monday, because they only get back to me if I chase them. If you put AUD$3000 on the short-term money market along with money from the 100,000 other customers they cheat like this, you make some pretty good intertest off other people's misery. OFX should be ashamed of themselves and fined by the regulators - I'll certainly make sure at least one of those things happen, but otherwise highly recommend you choose another provider for international money exchange.
"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."
US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.
Please share your experience with Revolut
Would you recommend Revolut?
Anonymous
Family purpose
Anonymous
Our family and in-laws use revolut for when they come to the UK, when we're in Germany, France or Portugal to pay each other back for holiday expenses for our families such as shopping, meals, petrol, gifts etc. It's great.
Anonymous
not competitive
Anonymous
Yes i recommend
Malek
Does not support transactions for people resident in algeria
Gigani
Excellent service
Eric
Does not support transactions for people resident in Indonesia
Anonymous
Excellent
František
I have had Revolut for a long time and I can recommend, the best app for me Note: Translated from "Revolut už mám dlouho a můžu doporučit za mě nejlepší aplikace"
Anonymous
I haven't been able to set up. it won't resend the codes
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
Please share your experience with Remitly
Would you recommend Remitly?
Anonymous
The Exchange rates are Terrible. Lost £150.00 by sending £5000 That is a huge amount. When other companies have much better rates. costing about £25-£35 for the same amount of funds transferred
Anonymous
Was told the money would be there same day, transferred money for an emergency 3 days later and they keep saying something different each time we call. It’s not a small amount of money and the money is no longer in our bank account.
Andrew Lippert
Too convoluted - Not worth the time
Anonymous
MY BANK REFUSE TO DO BUSINESS WITH THIS COMPANY
Anonymous
I am not currently a customer, having an experience of delivery to the wrong account and slow resolution with MoneyGram .
Jymmy François
Okkkkkkkkkkk
Ray
After 14hours of waiting & 6 phone calls by me, recipient never received currency, was told overseas bank problem. Used another currency operator, money arrived in seconds. Poor Show, now waiting for full refund!
Anonymous
Can't send to Russia
Anonymous
Good service
Anonymous
Not possible to send money to a bank account
Kenneth Thomas
The funds I needed arrived in minutes and saved me. It was an easy and straight forward process. Thanks Remitly
Anonymous
Good option
Anonymous
good and easy
Anonymous
First time user. So far is fast and easy.
Anonymous
Currently unavailable to send money from USA to Russia
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"Aspora (formerly Vance) is built for Non-resident Indians sending money to India with zero markup, low flat fees, and on-time transfers."
Please share your experience with Aspora
Would you recommend Aspora?
Firoz
"Complete waste of time and extremely misleading. I sent money thinking it would be fast, but it has been over 24 hours and the funds still haven't arrived
Rahul
I liked it, fast and few min to get the transfer done, app is also nice got a $25 bonus
Sudhakar
My experience is very nice. It is very quick and gives the updates while the transfer in progress. In a few min the transfer is done. I have done multiple transfers and did not face any issues.
Anonymous
Best rates, reliable, and great customer support. Really great experience sending money to my parents back in India.
Anonymous
This is a really good app, the only app that actually provides live google rates. Moreover the first transfer is free and you also get a 20 pound cashback on your first transfer.
Lavisha Moolchandani
My funds took lot of time to credit in bank account. The team doesn't address issue urgently. Very disappointed as this happened multiple times.
George
One of the worst App. My money stuck with them for few days and transfer failed for online banking transfer. For second transfer again failed sent through debit card and not yet received the refund. Please don't use them.
Babu
These cheaters hold your money and takes years to transfer to your account
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
Please share your experience with Regency FX
Would you recommend Regency FX?
Anonymous
Say they will give you free quote, make it seem all they want is your email but then once you provide that they ask for everything else too
Elmo Saunders
Selling house in Okinawa, want to transfer from yen to USD when exchange rate is better than 120 to 1. Want to transfer from Okinawa bank account to Charles Schwab account in USA.
Anonymous
Comparison shows best outcome, but they want to give a quote via email or phone. Let's see...
Dominic Bolongaro
DO NOT USE THIS COMPANY! In particular do not use James Low. There are a number of 1 star reviews on here all saying the same thing. They provide a rate, when quoting for the transaction, which is in line with (or better than) other FX services. They then, once funds are received, give you a rate significantly lower than other FX services. In essence shaving off as much as they can get away with. In my case I refused to accept the initial rate and they readjusted twice before I was happy to proceed. Even then the rate I had to accept was a good few hundred pounds lower than other FX services. In my opinion they, and in particular James Low, are running a racket not a legitimate FX service.
Anonymous
It's a 10.
David Piper
Superb service, great rates
Simon Smith
Regency FX are great. Sending my earnings in Saudi home, and the guy that looks after me is brilliant
Claudio Velazquez palacios
Pay all transacción ok tank
Geoffrey Brooke
A very stressful experience. Their verbal quote was a lot higher than what they actually offered us once they had our money. On the Monday, Jamie at Regency FX verbally quoted us €1.1714/£, which was better than anyone else on the day. So we transferred our money to them, but by Thursday, he quoted us less than €1.14/£. The spot rate on Google had hardly changed and other FX companies were still quoting around €1.17/£. Fortunately, we were in no hurry to send the money so asked that they refund us if they couldn't get near €1.17. By Friday afternoon, Jamie quoted us €1.1647/£, which we reluctantly accepted (to reduce the hassle factor), which seemed to be about average when compared to other FX traders. Most of the initial reviews we had seen seemed quite positive, but when we looked further, we saw that there were others who had a similar experience.
"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."
Please share your experience with Airwallex
Would you recommend Airwallex?
Anonymous
Airwallex's FX service has made my life so much easier. The transfers are super quick, happening in seconds because Airwallex uses its own local payment network, not SWIFT. I also love that I can easily open foreign currency accounts with local bank details. This means my clients from different countries can send local transfers to my account without any hassle. It's a great solution for anyone looking for fast, reliable international money transfers. Highly recommend!
Ejike
Unfortunately Airwallex would collect your information only to realize that they don't have presence in your business region. Sad!
Money transfer providers are the fastest way to send money.
Unlike ACH bank transfers, money transfer providers can transfer funds quickly and efficiently between accounts, whether the recipient’s bank account is based in the US or overseas.
Here's how each of them works:
Finding the fastest provider
Our search results include over 50 providers, more options than many others on the market. This gives us an unparalleled view of who the fastest money transfer providers are.
To compile this list, we tested all providers across multiple combinations of countries and sending amounts.
In every article, we cover fees, exchange rates, user reviews, online feedback, and supported currencies. This is to ensure we provide you with the best possible information on who is the fastest company, but also the best company for your needs.
Every transfer is different and we always recommend searching for the amount you want to send, and where you want to send it to. This will give you a live price on how best to send your money.
Testing the fastest providers
Wise
Transfer Speed | Within 24 hours |
|---|
One of the fastest ways you can transfer money is through Wise. 45% of Wise transfers take less than 20 seconds to be deposited, with 90% delivered in 24 hours.
Wise also pre-confirms how long your transfer will take before you make any payments.
- Offers the fastest transfers on average across all of our comparisons
- Has an app, web option, and multi-currency account that work well together and make the process of sending money simple
- Exchange rates are the cheapest on the market at 0% (the mid-market rate) and fees are competitive at 0.35%
- Supports a high number of currencies (70) and sending countries (130)
- Customer support can be limited, with an emphasis on online-only contact - although they are launching a hands-on service for larger transfers
- Fees on larger transfers can often be much higher than competitors
Please share your experience with Wise
Would you recommend Wise?
Russell Pinkes
I can’t send money to Belize
Katsiaryna
Once trying to open sire, was automatically blocked for no reason
Alan
Unable to transfer money from Philippines to any other country. Philippines Wise does not work
Anonymous
Retiro de dinero en transferencia
Uwe
great rates and service - unfortunately for some countries not yet available
Martin Premprakash Anantharaman
On the first transfer to a hospital in NY they were already screaming that this was a sure scam and the same on my next transfer to a fried in Nigeria. They then summarily closed my account TERMINATING THE RUNNING TRANSFER TO NIGERIA, claiming that, hold on, I was being scammed🤦♂️ Sure, I could have appealed but immediately found that I would have had to provide so much intrusive detail that I desisted.
Martin Premprakash Anantharaman
Setting up is a bit unwieldy if you want to make a one-off transfer, as you have to create an account with complete identification - but it works and the process as well as charges are great.
Anonymous
My brother wants to send me money from India to Nigeria but he's finding it difficult how can he do it
Mohammed
WARNING : Wise was Great until main office decided to ruin WISE By letting the TW India office control handling Random verifications and do what ever they want by insane replies and no replies etc. If you want to waste your time and enjoy a journey into Black Hole of Insane then go ahead and try WISE !
Anonymous
Can't receive money from php to idr so far
sudheir
They don't allow transfer to Brokerage firms from India
Anonymous
Good app to transfer money
Anonymous
I didn't find Cuba on your list.
Anonymous
cuba not work
Nina
I made a transfer to a Canadian company 1.5 months ago, and the funds have not yet been received. After multiple emails, Wise insists that the money was paid out. However, I have received an official statement from the recipient’s bank confirming that the money has not been received. Wise's complaints department sent me a final letter stating that, according to their records, the funds were paid out. Additionally, Wise states the following in their Customer Agreement regarding their responsibility for losses: Quote from Wise's Terms: "Our Customer Agreement also explains our responsibility for losses in Section 29: 29.1 Unforeseeable loss or damage. We are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time the contract was made, both we and you knew it might happen, for example, if you discussed it with us during your sign-up process. 29.9 We are not liable for things which are outside of our control. We (and our affiliates) cannot be liable for our inability to deliver or delay because of things which are outside our control." Despite these terms, Wise has not been able to resolve this issue, and the money has still not been delivered as promised. I find it irresponsible that Wise does not conduct any investigations into the matter. The Canadian bank associated with Wise is unable to provide any information, as everything goes through Wise. Wise must be capable of tracking the funds and providing precise details about where exactly the money is, who received it, and to which bank account it was deposited. I would advise everyone to be cautious when transferring large sums of money with Wise. They are not capable of executing a secure money transfer!
Shengjie Yin
good and perfect
Tristan
Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business I am sharing my experience with Wise to warn fellow business owners about the serious risks and unacceptable practices you may encounter if you choose to use their services. My business, is a legally registered travel agency in the UK, and I relied on Wise to manage payments for my photography and cultural tours, primarily in South America. Things took a turn for the worse when Wise froze my account and accused my business of violating their Acceptable Use Policy, citing my once-a-year humanitarian trip to Cuba. Despite explaining multiple times that: No Cuba-related transactions were ever processed through Wise (I use a separate European bank for this purpose), My tours comply with the “Support for Cuban People” category authorized by OFAC, designed to help Cuban citizens outside state control, Wise completely ignored the facts. Their customer support team responded with automated messages, refused to engage in any meaningful dialogue, and even lied, claiming they didn't monitor my emails—despite clear evidence to the contrary. After days of chasing them and providing thorough documentation, they chose to close my account without justification. The Consequences: Wise left my business in chaos, disrupting essential transactions and client arrangements. Their rigid policies align with sanctions widely condemned by the global community, and in doing so, they indirectly support humanitarian suffering. The Bottom Line: Wise is unreliable, unresponsive, and unethical. If your business has any complexity or humanitarian focus, beware: Wise will shut you down without notice or explanation, and customer support will abandon you. Their actions have serious real-world consequences. Avoid Wise if you value your business stability or require ethical and accountable financial services. There are far better alternatives out there that won’t put your livelihood at risk Beware: Wise's Unethical Policies and Unresponsive Support Cost My Business
Anonymous
I have been a customer for a few years. Yes I love the instant deposits as I make around $1K. However as many non US entities Wise uses a bank out of New York. Therefore the TRANSFER and DEPOSIT from an account transfer can take 4 to 6 days. What this means is that you will not able to make another ACH transfer during this time. This is frustrating if you have to make a follow up transfer in a few days. All in all don't plan to make more than 4 transfer in a month because it may not fo through, Not sure if other transfer companies operate the same way but I am about to find out as I will try Revolute. Bottom linw will require you to use ANOTHER payment method like credit card or some other method. Understand this: YOU MAY HAVE THE MONEY IN YOUR ACCOUNT but they WILL NOT TRY TO VERIFY IT WITHIN THE THE PERIOD IT WILL TAKE THEM TO DEPOSIT IT IN YOUR ACCOUNT. To add insult to injury I called in and the agent siad that they can see that they got paid but the computer takes time to update/reconcille I guess! It is a slow system!
Anonymous
There is a lot of advice on RECEIVING INHERITANCE in the UK from overseas but nothing on the rules for SENDING money gifts to grandchildren living OVERSEAS and the rules on Inheritance Tax in that case.
Anonymous
The service is decent, nothing more. I have had security issues that are not quickly resolved. Call center personnel are average. The app is not, in general, user friendly. You should definitely do research on a variety of service providers before making a choice. Do not take the reviews at face value. I chose Wise based on positive reviews but now regret not doing more research on other companies.
Anonymous
So far so good
Daniel
I checked to see if Wise even sends money to Colombia. Colombia is not even in their list of countries. Why is it even advertising for Colombia?
Bill Sanders
I have used Wise for several years. They once rejected a large transfer because it was to a coal company. Apparently, they are a woke company! But they refused to tell me why. More recently, they required verification of my identity using a smart phone. I am 69 and never owned a cell phone because I don't need one. But they forced me to buy one, which I did last week. Getting the phone updates ate up all my data, so i got 1 GB more. I took 12 different pics of my passport and another 12 of my face for them. They rejected them - and are holding up my transfer. Now my phone ate up that gig of data and I must buy another gig (thru Tracfone) just to use the phone. What a hassle. This is not a photo studio! They know who i am already. Note: This comment has been edited by the MoneyTransfers.com team to align with our content guidelines.
Ziggy Meilus
It used to be always instant, now it may come right away or it can take 5 even 7 days to get the money.
Anonymous
i've heard of people having issues with accounts being locked/restricted, but i think that was mostly for business accounts, maybe they were locked for good reason. for me, i've had no issue with my account though i've only used it for small transfers and not very often, over the past 5+ years
Xe
Transfer speed | From 24 hours to 4 days |
|---|
Xe specializes in large transfers, with a high limit of $535,000 per transfer.
Like Wise, over 90% of Xe's money transfers are completed within 24 hours, but this is usually the minimum. The average transfer speed for larger transfers is one to four business days.
This is one of the fastest ways to send large amounts.
- Transfers for large payments often arrive within 4 days, but usually quicker. This is compared to a bank where you can expect large transfers to take up to 7 days.
- There are no fees above $500 with Xe. This aids in making them one of the more competitive options for larger transfers at speed.
- Exchange rates are higher than competitors like Wise who offer transfers at the mid-market rate.
- Sending small amounts is more expensive than most competitors.
Please share your experience with Xe
Would you recommend Xe?
Anonymous
The transfer rate was way lower than displayed on the comparison site.
Anonymous
Great for large transfers.
Anonymous
Fast, great rates, easy to use. Good for large transfers.
Paul Ansems
XE money transfer scam -stay away-WARNING Don't use this company! After several successful transfers. This time, I sent the money and they received it. After 7 days with no reason that they would cancel it. I sent their compliance team everything they asked. I found my privacy threatened but sent them anyway. I asked for a supervisor or manager but was denied. They obviously hang onto your money as long as possible and after making money from it like interest. If the exchange rate amount is too high and drops after holding it then they cancel it. WARNING Don't use this company!
WorldRemit
Transfer speed | Within one day |
|---|
WorldRemit lets you pay by mobile money, cash pickup, airtime top-up, or bank transfer. Companies like Wise or Xe do not offer this as an option.
In most cases, WorldRemit transfers are completed within minutes. On the downside they can be more expensive than other companies.
- Multiple payout options that include airtime and cash pickup
- App is easy to use and works intuitively with the web portal offered by the company
- Offers access to many African markets that other providers in the space do not
- Lower transfer limits of up to $9,000 every 24 hours, and $5,000 per transfer. Compared to over $500,000 with Xe
- Exchange rate markups can make transfers expensive, with some as high as 1.25%
Please share your experience with WorldRemit
Would you recommend WorldRemit?
Andrew Judd
My account was deactivated. No reason given. I don’t have multiple accounts. One recipient was a scammer and I deleted them. I’ve helped out many friends with medical expenses. Wisdom tooth extracted 2500 and 1000 for some food. That’s all Motorcycle accident 5000 that’s all Flight home and medicine for grandfather 6000 That’s all. The scammer offered a video. I don’t buy any videos I’m visiting a friend who is a teacher and offered to pay 2600 for a flight and 16000 for luggage, swimsuit and rent on her place while she is off work and holidaying. Now I have to go to a post office and use western union
Terry Twala
Very efficient.
Anonymous
Very misleading, live exchange rate does not match with their app is showing. Fast and seems to be secure, I use them when I'm in need to send fund ASAP.
Anonymous
different price from shown here
Anonymous
exchange rates on comparison website are quite high
Anonymous
Only phone app.
Stanley Davidson
After setting up a valid account with all true and real identity, the system blocked me without any valid reason. Upon calling Customer Service & requesting a reconsideration & a valid reason why I was blocked, Customer Service said that I "violated some TOUs" (Terms Of Use) without stating exactly what I did. My ONLY action was an ATTEMPT to do a normal wire transfer. One can't do anything but to do a wire transfer, & it WAS NOT completed. How do they block my account for something, whatever it was, that I supposedly committed? When I requested the reason for the block they'd said that "it's Company policy to not provide reason(s) why an account is blocked", so exactly how am I supposed to not do something if I re-read their Policy against such action when I can't find why I was blocked? It was asked repeatedly why/what Policy(ices) was/were broken enough to cause the account to be blocked, but they'd completely refused to answer or acknowledge the question, they'd just kept completely silent. That ended the conversation because anything further would remain in total silence, so it was useless to ask anymore questions. I will be 💯% posting this exact statement on www.trustpilot.com for the world to see how undeserving this company is when mistreating a customer for no valid reason. Please enjoy the review!!!
Anonymous
Awesome service
Anonymous
I cannot figure out how to fund my transfer with my bank account instead of a debit card. The Chat service took way to long to answer my questions. Frustrating experience.
Robert Myles
Hi All a good place to send money to ghana
Jake Reynolds
Is this company an app? Or does it run a proper website? Who knows? Customer service is only through their app so I am guessing that if you dont do 100% of your transactions through your phone, forget WorldRemit. I dont use my phone because after all the extra strong passwords, and bio id, and 2 step verify, and whatever comes next they are STILL UNSECURE.
Anonymous
The money I sent got stuck without a return because I couldn't provide a bank statement as proof. The bank account I was having didn't have that privilege. All requirements should be stated beforehand.
Anonymous
app not working. tried to use on my smart phone and woudnt sign up.
Global66
Transfer speed | Within a day |
|---|
Global66 offers some of the fastest transfers in the market, particularly for customers in and accessing South America. However, you will pay an average 2% for speed into these markets.
Around 50% of transfers through Global66 arrive within 24 hours, and transfers to other app users are instant.
The setup process can be quite cumbersome, so it’s a good idea to sign up for an account before you need to send any money to avoid unnecessary delays.
- One of the better providers for access to South American markets like Mexico
- Mid-market exchange rate offered on most transfers
- Has a fast P2P service that outshines many other options on the market
- Limited country coverage for users in Europe
- Fees are from 2%, which is higher than most companies in the market
Please share your experience with Global66
Would you recommend Global66?
Anonymous
Good trades
Maria Gilda Hayden Becker
Business transfer
Anonymous
Very good service in Colombia. When compared to other platforms, it offers lot more options and flexibility to Colombian users. Wise for example, does not have option to issue physical card to Colombi, link cuurent account, transfer from balance to Colombia accounts. Global66 provides all these options easily.
Claudia Venegas
Has been a good tool to use when traveling, and aso when needing someone to transfer money back to me. easy to use, and fast and reliable. Nice!
OFX
Transfer speed | 1-2 days |
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OFX offers a range of money transfer services and is particularly good for regular payments, paying bills and aiding in relocating to a different country.
Transfers generally take 1-2 days, and there are no fees associated with transferring through OFX. Exchange rates are around 1.3%.
They make our list of top providers as they offer 24 hour customer service options, including for smaller and regular payments. They also specialise in tax and bill payments. As such, they're one of the most helpful, and fastest, providers for international workers or those considering relocation.
- Fast payments supported by 24/7 over-the-phone customer service
- Specialist support for expats and overseas workers needing to pay tax in their home country
- Offers forward contracts for relocation that can work alongside settlement periods
- Exchange rates are above those of Wise, Zing and Global 66 at 1.3%
- Users have a minimum threshold of $1,000 in transfers per year to keep the account active, so it would not be suitable for infrequent smaller transfers
Please share your experience with OFX
Would you recommend OFX?
Anonymous
They have limit amount
Anonymous
Not free service
Schuffner
all question answered, rechecked, not successful!
Jon
Free for two months than have to pay a monthly fee. I don't want to do that.
Anonymous
Plz give me my withdraw
Anonymous
Gives better exchange rate
Michael Patrick Briggs
It amazes me that a company dealing with your money can afford to be so cavalier with how they treat you. I made a transfer of AUD$3000 to two different recipients on a Monday, then apparently needed to verify my identity due to an update of location actioned by a staff member without my consent. I provided that on the Tuesday, and despite contacting OFX three times over the next few days, only got an update at 4.30pm Friday that more information was required. That came with a promise that if I got it to them fast, my transfers would be processed before 5pm. I sent the requested information within minutes - it is currently 5.30pm and nothing has happened. That means AUD$3000 has been sitting with them for a week, transfers don't occur on the weekend, and I have no faith it will even be Monday, because they only get back to me if I chase them. If you put AUD$3000 on the short-term money market along with money from the 100,000 other customers they cheat like this, you make some pretty good intertest off other people's misery. OFX should be ashamed of themselves and fined by the regulators - I'll certainly make sure at least one of those things happen, but otherwise highly recommend you choose another provider for international money exchange.
Revolut
Transfer speed | 1-3 days |
|---|
Transfers between Revolut accounts are pretty much instant ,with international transfers usually arriving within 24 hours, but they can take up to 3 days.
Revolut is highly rated by its users for speed, consistently averaging 4.5/5 and above for the last 12 months (going back to July 2023).
That being said, Revolut is a neobank before it is a money transfer provider. So, currencies are limited to 40 and there's also limits of $1,000 per month in transfers before you start paying higher fees.
- Instant transfers to other Revolut accounts make it a great option for sending money to friends and family, or for regular payments
- Can be used as a general spending card in the US as well
- Has a number of additional features, like cash back, that can make the account worthwhile
- Fees structure is complex in places, with different transfer limits per level
Please share your experience with Revolut
Would you recommend Revolut?
Anonymous
Family purpose
Anonymous
Our family and in-laws use revolut for when they come to the UK, when we're in Germany, France or Portugal to pay each other back for holiday expenses for our families such as shopping, meals, petrol, gifts etc. It's great.
Anonymous
not competitive
Anonymous
Yes i recommend
Malek
Does not support transactions for people resident in algeria
Gigani
Excellent service
Eric
Does not support transactions for people resident in Indonesia
Anonymous
Excellent
František
I have had Revolut for a long time and I can recommend, the best app for me Note: Translated from "Revolut už mám dlouho a můžu doporučit za mě nejlepší aplikace"
Anonymous
I haven't been able to set up. it won't resend the codes
Remitly
Transfer speed | 1-3 days |
|---|
Remitly is one of the fastest money transfer providers for cash pickup. For traditionally harder to reach locations they are also cheaper than companies like Wise.
Fees start from 0.7% and the markup is around 1.3%, so you can expect to pay around 2% of the total transfer amount.
For transfers to bank accounts, this is a little steep. However, for cash pickup and the speed offered, this is one of the better deals on the market.
- Offers access to over 100 currencies and 150 countries, more than most and includes typically hard to reach locations for cash pickup
- Partnered with a number of cash pickup partners like Caribe Express, Alawan Express, and Banco Azteca
- Some of the best rates on the market for cash pickup
- Not competitive for more common routes like USD to EUR
Please share your experience with Remitly
Would you recommend Remitly?
Anonymous
The Exchange rates are Terrible. Lost £150.00 by sending £5000 That is a huge amount. When other companies have much better rates. costing about £25-£35 for the same amount of funds transferred
Anonymous
Was told the money would be there same day, transferred money for an emergency 3 days later and they keep saying something different each time we call. It’s not a small amount of money and the money is no longer in our bank account.
Andrew Lippert
Too convoluted - Not worth the time
Anonymous
MY BANK REFUSE TO DO BUSINESS WITH THIS COMPANY
Anonymous
I am not currently a customer, having an experience of delivery to the wrong account and slow resolution with MoneyGram .
Jymmy François
Okkkkkkkkkkk
Ray
After 14hours of waiting & 6 phone calls by me, recipient never received currency, was told overseas bank problem. Used another currency operator, money arrived in seconds. Poor Show, now waiting for full refund!
Anonymous
Can't send to Russia
Anonymous
Good service
Anonymous
Not possible to send money to a bank account
Kenneth Thomas
The funds I needed arrived in minutes and saved me. It was an easy and straight forward process. Thanks Remitly
Anonymous
Good option
Anonymous
good and easy
Anonymous
First time user. So far is fast and easy.
Anonymous
Currently unavailable to send money from USA to Russia
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Aspora
Transfer speed | Instant - 1 day |
|---|
Aspora (previously Vance) offers near-instant transfers to India, thanks to the UPI payments system (which is used by most banks in India).
Just like with any money transfer company or app there might be delays, but in general you can expect your INR to arrive within minutes (give your account is verified).
For larger transfers, we'd recommend looking into Regency FX or a similar currency broker.
Also, Aspora utilises what's known as "onramp" and "offramp" technology to speed up the transfers (more on that in our Aspora review).
This means they can keep the fees low and make transfers quickly.
- Utilises UPI payments system for faster delivery
- On average, most transfers arrive within minutes
- Only available in the UK, Ireland, Italy, and the UAE
- Not suitable for very large or business transfers (£400k+)
Please share your experience with Aspora
Would you recommend Aspora?
Firoz
"Complete waste of time and extremely misleading. I sent money thinking it would be fast, but it has been over 24 hours and the funds still haven't arrived
Rahul
I liked it, fast and few min to get the transfer done, app is also nice got a $25 bonus
Sudhakar
My experience is very nice. It is very quick and gives the updates while the transfer in progress. In a few min the transfer is done. I have done multiple transfers and did not face any issues.
Anonymous
Best rates, reliable, and great customer support. Really great experience sending money to my parents back in India.
Anonymous
This is a really good app, the only app that actually provides live google rates. Moreover the first transfer is free and you also get a 20 pound cashback on your first transfer.
Lavisha Moolchandani
My funds took lot of time to credit in bank account. The team doesn't address issue urgently. Very disappointed as this happened multiple times.
George
One of the worst App. My money stuck with them for few days and transfer failed for online banking transfer. For second transfer again failed sent through debit card and not yet received the refund. Please don't use them.
Babu
These cheaters hold your money and takes years to transfer to your account
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Regency FX
Transfer speed | 1-5 days |
|---|
RegencyFX offers managed services for global transfers. They make the list for faster transfers as they provide a hands-on, account managed, service that is faster than competitors.
Generally, you will be a slightly higher exchange rate (around 2%) but no fees. Managed services are best for things like managing currency risk and particularly large or complex transactions.
The benefit of a company like RegencyFX is that when the money is sent, it tends to arrive very quickly - but you can take your time in deciding when is best to send it.
- Offers fast transfers with currency risk and forward contracts included
- Provides hands-on account management to speed up complex transfers
- Exchange rates do tend to be a little higher with managed services and Regency FX is no exception here
- Not suitable for small or regular transfers
Please share your experience with Regency FX
Would you recommend Regency FX?
Anonymous
Say they will give you free quote, make it seem all they want is your email but then once you provide that they ask for everything else too
Elmo Saunders
Selling house in Okinawa, want to transfer from yen to USD when exchange rate is better than 120 to 1. Want to transfer from Okinawa bank account to Charles Schwab account in USA.
Anonymous
Comparison shows best outcome, but they want to give a quote via email or phone. Let's see...
Dominic Bolongaro
DO NOT USE THIS COMPANY! In particular do not use James Low. There are a number of 1 star reviews on here all saying the same thing. They provide a rate, when quoting for the transaction, which is in line with (or better than) other FX services. They then, once funds are received, give you a rate significantly lower than other FX services. In essence shaving off as much as they can get away with. In my case I refused to accept the initial rate and they readjusted twice before I was happy to proceed. Even then the rate I had to accept was a good few hundred pounds lower than other FX services. In my opinion they, and in particular James Low, are running a racket not a legitimate FX service.
Anonymous
It's a 10.
David Piper
Superb service, great rates
Simon Smith
Regency FX are great. Sending my earnings in Saudi home, and the guy that looks after me is brilliant
Claudio Velazquez palacios
Pay all transacción ok tank
Geoffrey Brooke
A very stressful experience. Their verbal quote was a lot higher than what they actually offered us once they had our money. On the Monday, Jamie at Regency FX verbally quoted us €1.1714/£, which was better than anyone else on the day. So we transferred our money to them, but by Thursday, he quoted us less than €1.14/£. The spot rate on Google had hardly changed and other FX companies were still quoting around €1.17/£. Fortunately, we were in no hurry to send the money so asked that they refund us if they couldn't get near €1.17. By Friday afternoon, Jamie quoted us €1.1647/£, which we reluctantly accepted (to reduce the hassle factor), which seemed to be about average when compared to other FX traders. Most of the initial reviews we had seen seemed quite positive, but when we looked further, we saw that there were others who had a similar experience.
Airwallex
Transfer speed | 1-3 days |
|---|
Airwallex is listed here as it is the fastest way to make business transfers in most cases.
The provider is a specialist business money transfer provider and offers a lot of perks, like multi-currency accounts and marketplace support. Making it great for receiving fast payments as well.
Exchange rates are around 0.5%, which is competitive in the market generally, but as a business provider - with the service offered - are unmatched.
- Offers businesses multiple options for fast incoming and outgoing transfers
- Comes with accounting integration that can speed up the day-to-day work, as well as the speed of the transfer
- It's possible to send up to 1,000 batch payments and speed up payments to employees and suppliers
- ATM fees and accepting card payments are higher than other business options
Airwallex is a provider specifically for businesses making international payments. If you are looking for support for international business transfers, we recommend comparing all specific business providers.
Please share your experience with Airwallex
Would you recommend Airwallex?
Anonymous
Airwallex's FX service has made my life so much easier. The transfers are super quick, happening in seconds because Airwallex uses its own local payment network, not SWIFT. I also love that I can easily open foreign currency accounts with local bank details. This means my clients from different countries can send local transfers to my account without any hassle. It's a great solution for anyone looking for fast, reliable international money transfers. Highly recommend!
Ejike
Unfortunately Airwallex would collect your information only to realize that they don't have presence in your business region. Sad!
Fastest providers by country
To give an idea of who the fastest transfer providers are, we've outlined the cost of a $1,000 transfer to some popular locations.
$1000 transfer from the USA to...
Country | Fastest provider | Speed | Compare |
|---|---|---|---|
🇮🇳 India | Wise | Minutes | |
🇨🇦 Canada | Global66 | Same day | |
🇬🇧 United Kingdom | Wise | Minutes | |
🇲🇽 Mexico | Wise | Minutes | |
🇵🇭 The Philippines | WorldRemit | Same day |
Find the Fastest Provider for You
Every money transfer is different, and the speed can change based on various factors. We always recommend searching for the amount you want to send to ensure that you can compare all options.What impacts the speed
Even if you choose a quick transfer provider, there are some things that may slow down your transfer. These include:
The payment method
Associating your bank account with a money transfer account is normally the quickest way. Debit card payments into money transfer accounts are also fast.
The amount
Higher send amounts may require additional AML checks and can take longer to make their way through correspondent banks or networks.
When you start
Most money transfer services are available 24 hours a day, but they may be subject to banking hours in order to complete payments.
The destination
Transferring money to some countries takes longer than others due to factors such as regulatory checks or timezone differences.
Check your withdrawal limit
Check the withdrawal limits on your bank account before you make any payments. If you’re making a transfer that’s above your withdrawal limit, the payment will be refused, which will delay your transfer. Make sure your transfer amount doesn’t exceed your withdrawal limit, or use an account with a higher limit before transferring.
Tips for making fast money transfers
When you need to send abroad quickly, consider the following:
Use a money transfer provider for international transfers
Money transfer providers are much faster than traditional banks and most payment apps.
Because money transfer providers have networks all over the world, they don’t need to send money overseas like a bank.
They can deposit money into the recipient’s account domestically, using their local account in the recipient’s country.
Register before you need to transfer
If you know you’re going to need to send money urgently in the future, register with your chosen provider before you need to transfer.
Most providers need to verify your details before they’ll open an account for you.
Some can be instant, but others can take anywhere from 1-15 business days.
Make sure the money is available
Check your account to make sure the funds are available. Requesting transfers when the funds aren’t available will result in the payment to be refused or bounce back. This can lead to significant delays in sending money, and you may be charged a fee for unavailable funds by your bank or transfer provider.
Use multi-currency accounts
A multi-currency account will give you access to local accounts, as well as within the US.
For example, this means you can move money from a USD to EUR account instantly in your account. Then send the money from EUR to EUR. This is much quicker (and cheaper) than having the recipient bank convert it.
Check the recipient’s details
It’s important to fully check the details of your recipient before sending any money.
If you’re sending directly to their bank account, this includes the relevant bank details for that country, which may be different from what you recognise. You can use a SWIFT calculator to confirm any unknowns.
Sending money to the wrong person will cause delays, and you may not get your money back.
Track the exchange rate
Sending money quickly can mean you need to react to exchange rate changes. This includes using rate alerts, limit orders or forward contracts.
Other ways to send money quickly
As well as money transfer providers, there are other ways you can send money quickly. These include:
P2P payment apps
P2P payment apps like Venmo and Zelle are a way of transferring funds using digital platforms.
While P2P payment apps are fast ways of sending money domestically, not many allow international money transfers. However, Wise and Revolut both offer multi-currency accounts with P2P options.
Apart from this, Cash App is available for use in the US and the UK, allowing you to transfer money between these countries. PayPal permits international transfers but charges high transfer fees for the privilege - upwards of 5% of the overall cost in most cases.
International P2P Options
Wise and Revolut both offer P2P apps with international payment and currency conversion options.
They can both be used for domestic P2P payments as well.
Our guide covers each and how P2P payment apps work in more detail.
Google Pay and Apple Pay
Google Pay and Apple Pay let you transfer money online using your bank cards from your phone. These apps don’t charge their own fees for domestic or international money transfers, but remember - you’re still using your bank account to make the payment.
This means you’ll be charged the same fees as you would for a standard card payment from your bank, and the transfer speed will usually be the same as for other international card payments.
Wire transfers
Wire transfers are quicker than bank transfers, but they’re still not as fast as money transfer providers or P2P payment apps.
International wire transfers take an average of two business days, but can take up to five.
Walmart2Walmart
Walmart offers domestic money transfers between its stores across the US and Puerto Rico. You’ll need to show your photo ID at the Customer Service Desk. Usually, these transfers will be paid within 10 minutes, but Walmart will charge fees starting at $2.50, and they’re only available for domestic transfers.
Walmart can send money to bank accounts, debit cards, a mobile wallet, or in cash.
Walmart uses money transfer providers to power its transfers. These include MoneyGram, Western Union, and Ria. Be careful; these providers tend to offer slower transfers than the likes of Wise and XE.
Faster isn’t always cheaper
The fastest money transfer app for smaller amounts, Wise, is also one of the cheapest ways of sending money. However, when you start sending larger amounts the 0.35% fee can grow.
This makes the higher-than-average exchange rates of Xe your best option for amounts over $10,000, in most cases.
Where possible, it’s always best to prepare in advance, set up an account with your chosen provider, and make sure the funds are available, and ready to send.
When this isn’t possible, you should still be able to make fast money transfers when needed, but you may miss out on the best fees and exchange rates.
Help & FAQ
Get answers to the most common questions asked when sending money abroad. Covers costs, fees and the best way to compare.
Sources and further reading
The Best International Money Transfer Companies
Using your bank for international wire transfers is expensive due to poor exchange rates and high fees.
Send money with a debit card
Opting to send money online with a debit card is usually good for:
International Payment Gateways
Best Money Transfer Apps
Sending money through PayPal can feel more convenient if you already have an account. It is often the go-to when considering which app to use.
How to Receive Money from Abroad
As the recipient of an international transfer, it's easy to get a raw deal.
Contributors
Keith Hodges
Artiom Pucinskij
Please share your experience with …