Send Money Overseas Comparison
Send Money Overseas Comparison
finance

Send Money Overseas Comparison

There are many ways to send money overseas, but not all companies that help you do so are created equal.

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Anna R.
Anna R.
16th January 2017
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Company
Company
Fee Per Transfer
Min. Transfer
Exchange Rate Cost
Transfer Time
Good For:
Bad For:
Notes
Link

Transfer Type
Money Transfer

5

Transferwise

0.7% - 1.5%
$1
0.0%
1 Day
No hidden fees
Limited currencies
Real mid-market exchange rates are used
6

World First

$0 - $10
$1,000
0.75% - 1.5%
2 Days
Large Amounts
High min. transfer
Not available in all U.S. states
7

1st Contact

Max. of $5
$1
0.75% - 1.5%
1 - 3 Days
Small Amounts
UK Only
Every 5th transfer free
8

OFX

$5
$250
0.75% - 1.5%
1 Day
Customer Service
Convenience
Strict verification makes this slower to set-up
2

PayPal

.3% - 3.9%
$1
1.5% - 4.5%
3 - 4 Days
$300 or less
Exchange Rate
Transfers using a credit card also include a fixed fee
1

Bank Wire Transfer

$25 - $50
$1
1% - 6.5%
5 - 7 Days
Security
Small Amounts
Receiving bank may charge a fee to recipient

Transfer Type
Cash Wire

4

MoneyGram

$11.50
$250
0.5% - 7%
Minutes
Cash pick-up
Expensive fees
2% fee for amounts over $900
3

Western Union

$5 - $10
$1
1% - 6%
Minutes
Cash pick-up
Expensive fees
Max. transfer of $2,999