Top 5 Best Apps for Sending Money Internationally With Low Fees

For many people around the world, sending money overseas is easier than ever before. Mobile apps and online services make it fast and convenient to send money abroad whether you're paying family or friends abroad, compensating international freelancers, covering educational expenses overseas, or handling business transactions.

Importance of Picking the Right Transfer App

One common mistake that people make when evaluating transfer providers is focusing too much on transfer fees. Most providers charge fees for international transfers, but their exchange rates play a bigger role in how much the recipient actually receives.

Wise

Wise is known for their transparent fees and access to the real mid market exchange rate. They allow customers to send money internationally to multiple countries in various currencies. Many freelancers, remote workers, and digital nomads who regularly send money abroad use Wise.

Why We Love Wise:

• Provides access to the mid market exchange rate
• Lists fees before users try to pay
• Allows users to transfer in many currencies
• Sends money internationally
• Includes tracking options for transfers

Remitly

Remitly is another popular app that people commonly use to send money internationally to family members. The service offers delivery to over 150 countries worldwide. Remitly offers bank deposits, digital wallet deliveries, and cash pick up as payment options for recipients.

Why Remitly Is a Great Choice for Families:

• Offer pick up at cash locations
• Support for digital wallet payments
• Quick transfer delivery
• Sends money to most countries

Revolut

Revolut lets users store, spend, and transfer currency in multiple currencies from the palm of your hand. Revolut is popular with many customers who travel internationally or work with customers from around the globe.

Why We Love Revolut:

• Users can get access to different currencies
• Send money overseas
• Everything is controlled in one application

WorldRemit

WorldRemit allows customers to send money internationally via their website or mobile app. They service customers in over 200 countries. WorldRemit provides bank accounts, digital payments, and cash pickup as options to receive funds.

Why We Love WorldRemit:

• Reach customers with multiple payout options
• Show fees before payment
• Support digital wallet usage
• Send money to most countries

Xe Money Transfer

Xe provides customers with currency information as well as money transfer services. Xe appeals to many who pay close attention to the dollar value of foreign currencies. Because Xe is known for allowing users to track currency rates, their money transfer service is a perfect companion.

Should You Compare Fees or Actual Exchange Rates?

Every money transfer provider structures their fees differently. Some like to advertise low fees while others may choose to compete with exchange rates. Just because a provider offers a low fee doesn't mean that they have the best exchange rate. By comparing how much the recipient will actually receive from each provider, you can get a better idea of who has the best deal.

How to Choose the Right App for You

When sending money to another country, you'll want to use an app that fits your needs. A freelancer will likely use a different service than someone who travels often. Compare fees, payout amounts, transfer speeds, delivery methods, and more to find the service that best suits your needs.

Tips for Getting Better Value

As technology has improved and more companies have entered the market, users have more options than ever before. Competition between providers has helped to create a more transparent marketplace where banks can no longer get away with hidden fees. Look for providers that offer great coverage for your destination country, a strong exchange rate, fast transfers, multiple payout methods, and a high level of transparency.