The 5 Best Apps to Transfer Money Internationally This Year

International Money Transfer Services

You want to send currency overseas, and you want to send it now. You’ve got a smartphone or table in your hand, and you’re searching for the best app to transfer money internationally. Don’t worry, we’ve got you covered. Here’s our breakdown of the top currency exchange apps, so you can choose the perfect one for your money transfer needs.

  1. TransferWise. Cheapest and fastest way to send money internationally for smaller amounts
  2. OFX. Best for transferring larger amounts and personalized support for your app transfers
  3. WorldRemit. Well-designed smartphone app for multiple types of transfers for smaller, instant payments
  4. Western Union. Largest money transfer provider with popular app, despite uncompetitive fees and exchange rates
  5. MoneyGram. Second-largest money transfer company, fast transfers for cash pick-ups, but not the cheapest

For each company's app we’ll tell you about:

  • What it’s best for
  • Exchange rates and fees
  • Transfer limitations
  • Customer ratings

Let’s get into it.

using a international money transfer app
Best Overall Online Service

1. TransferWise money transfer smartphone app

This company is an online money transfer service that offers a cheap and fast way to send money internationally.

TransferWise are best for…

Sending amounts of less than $40,000, through a simple, clear, fast and secure money transfer service.

App exchange rates and fees

TransferWise offers exchange rates identical to the base rate, which is as good as or better than every other money transfer provider. Their fees are also extremely low, typically between 0.5 and 1 percent of the total transfer amount.

Transfer limitations

TransferWise does have limits on how much you can send, depending on the countries and currencies you’re exchanging between. These limits are normally very generous and will meet the needs of most users.

Customer Ratings

2. OFX money transfer smartphone app

This company is a specialist foreign exchange provider and offer personalized support for you to get the most out of your currency exchange.

OFX are best for…

Transfers of larger amounts, typically $10,000 USD equivalent or more.

App exchange rates and fees

OFX become a better value choice the more you’re sending. For smaller amounts, their exchange rates and fees do make them more expensive than other providers. If you’re sending larger amounts, their exchange rates become very competitive, and their fees remain low.

Transfer limitations

OFX has a minimum transfer limit of $1,000 USD or equivalent. For most currencies, OFX does not provide an upper limit on how much you can send. Currencies from some countries will have an upper limit applied.

Customer Ratings

3. WorldRemit money transfer smartphone app

This service is an online money transfer company that focuses on remittances. They're especially good for transfers to regions such as Asia, Africa and South America.

WorldRemit are best for…

Making money transfers quickly and easily through their well-designed smartphone apps and website. They are good for lower-value transfers as they have no minimum amounts. Consider them for sending $10,000 USD or less.

App exchange rates and fees

WorldRemit has competitive exchange rates and fees, although they may not be quite as low as some other currency exchange providers.

Transfer limitations

Although WorldRemit doesn’t have a lower limit on transactions, you cannot typically send more than $10,000 USD or equivalent, and limitations may be smaller on certain currencies. Additionally, they do not provide support for business transactions.

Customer Ratings

  • On the Apple App Store, the WorldRemit app has over 27,000 ratings with an average score of 4.8 out of 5
  • On the Google Play Store, the WorldRemit app has over 40,000 ratings with an average score of 4.5 out of 5

4. Western Union money transfer smartphone app

This company is the largest money transfer provider in the world. They have over half a million agents around the world, although their fees and exchange rates are not very competitive.

Western Union are best for…

Unfortunately, the fees charged by Western Union are not easy to understand or calculate. They are among the more expensive money transfer providers, and their fees do vary dramatically based on the countries and currencies that you’re sending between.

App exchange rates and fees

Western Union does provide limits on how much you can send, depending on the services you want to use. Upper limits are typically between $500 and $2,500 USD, although these can vary depending on countries, currencies and services.

Transfer limitations

TransferWise does have limits on how much you can send, depending on the countries and currencies you’re exchanging between. These limits are normally very generous and will meet the needs of most users.

Customer Ratings

  • On the Apple App Store, the Western Union app has over 150,000 ratings with an average score of 4.8 out of 5
  • On the Google Play Store, the Western Union app has over 115,000 ratings with an average score of 4.5 out of 5
Best Overall Online Service

5. MoneyGram money transfer smartphone app

This provider is the second-largest money transfer company in the world after Western Union. Their services are available in more than 200 countries, through more than 350,000 local agents.

MoneyGram are best for…

Fast transfers to family and friends overseas, particularly if they want to get at their money via a cash pick up.

App exchange rates and fees

MoneyGram are not a competitive currency transfer provider. Their fees vary depending on how much you’re sending, and can be quite expensive. Additionally, their exchange rates are not as good as you might get from some other specialist providers.

Transfer limitations

For most countries, you can send up to $10,000.00 per online transfer, and up to $10,000.00 every 30 calendar days.

Customer Ratings

  • On the Apple App Store, the MoneyGram app has over 9,000 ratings with an average score of 4.8 out of 5
  • On the Google Play Store, the MoneyGram app has over 6,400 ratings with an average score of 3.5 out of 5

What are the best international money transfer apps?

Our recommendation for the best money transfer smartphone apps, where your cash will go furthest are:

So, time to download these apps, try them out, and send money internationally while you’re on the go!

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General advice: The information on this site is of a general nature only. It does not take your individual needs or specific circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.