How to Send Money Internationally

Sending money internationally has become easier and more convenient than ever before. However, you will need to know “How to Send Money Internationally” to make this process easy for you. There are many reasons why one might need to send money overseas, and thankfully, there are many options available to do so. One of the most common ways to send money internationally is through the bank where you have a checking or savings account. This option is usually straightforward to navigate, but it may not always be the most cost-effective option.

How to Send Money Internationally
How to Send Money Internationally

Another popular option is to use specialized companies that focus on sending money internationally, such as Western Union, MoneyGram, PayPal, Xoom, OFX, Wise (formerly TransferWise), or Paysend. These companies offer different rates and fees, so it’s important to compare and contrast before making a final decision.

How to Send Money Internationally

Sending money internationally can be a great way to show support for loved ones, whether it’s for a special occasion or to help with everyday expenses. Whatever the reason, it’s good to know that there are many safe and reliable options available to make the process as smooth as possible.

How Can I Send Money Internationally

All platforms used for sending money internationally have clear instructions on how to send money internationally. However, they all follow the same process. You can check out the processes below.

Register or Sign In

First, you need to choose the best international money transfer app for your needs, then you create an account. However, you will need to verify your identity by providing your driver’s license, passport or other government-issued ID.

Enter the Recipient’s Details

Next, you will have to enter the name and banking details of the person receiving the money. If the recipient needs to pick up the money, you will have to select the location. Ensure you provide the recipient’s name as it appears on their government ID.

Choose How Much Money to Send

Choose the amount of money you wish to send internationally and choose the currency your recipient will receive.

Pay for Your Transfer

You will have to pay for your transfer. You can do this with your credit card, debit card or a direct transfer from your bank. Paying for the transfer through your bank account is less expensive, while payment with a credit card will likely trigger fees.

Track Your Funds

Some apps will give you an anticipated delivery date and time when you complete the transaction. They allow you to track the status of your international money transfer.

Best Ways to Send Money Internationally

Sending money internationally depends on your specific needs and preferences. You will also have to consider factors like cost, speed, convenience, and reliability. Here are some methods that you can try out.


PayPal is frequently used for international money transfers, particularly for smaller amounts. It’s easy to use since numerous individuals already have PayPal accounts, and you can send money directly to someone’s email address.

Western Union

Western Union has a large network of agent locations worldwide, which makes it convenient for both senders and recipients, mostly if the recipient needs to receive the money.


MoneyGram is the second-largest provider of money transfer services in the world, and it competes with Western Union. It operates in over 200 countries and has approximately 380,000 retail locations, which makes it more convenient if you want the recipient to receive cash. Transfers from bank accounts are generally low-cost, but fees for using other methods, along with MoneyGram’s exchange rates, which can be more than 3%, can make it more expensive. Same-day money transfers are available as an option.


Xoom is a money transfer service that is owned by PayPal, the same company that also owns Venmo. With Xoom, you can send money to about 160 countries. The fee for transferring funds via bank accounts is $5.99, regardless of the amount you send. However, you should be aware that the exchange rate markup is between 1% to 3% more than the mid-market rate.


Wise exchange rate seems to be quite competitive, and you can send money in over 20 currencies and to 70-plus countries from U.S. banks. If you use a debit or credit card, the transfer can arrive within a few minutes, while bank transfers usually take one to three business days.


OFX is a money transfer service that does not charge any fees. The exchange rate is typically less than 1%, making it a cost-effective option. However, all transfers must occur within bank accounts, and it usually takes two to four days for the recipient to receive the money. OFX can transfer money to over 170 countries or 50-plus currencies. The minimum amount required for a transfer is $1,000.


Paysend is a global payments platform that enables U.S. customers to send money to over 170 countries worldwide through its website or mobile app. It offers a simple and user-friendly platform that makes it easy to send money to loved ones, pay bills, or make business payments. One of the key advantages of using Paysend is its flat fee structure of just $2 per transaction, making it a cost-effective option for sending money abroad. This means that customers can send any amount of money to any country without worrying about hidden fees or exchange rate markups.



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