Top International Money Transfer Companies

What Makes an International Money Transfer Company “Top Tier”
Wise – Transparent Costs and Mid-Market Exchange Rates
Western Union – Global Reach and Pickup Options
Remitly – Fast Delivery for Personal Remittances
WorldRemit – Digital First, Flexible Payouts
Xoom (A PayPal Service) – Speed and PayPal Integration
OFX – Competitive for Large Transfers
Xe Money Transfer – Broad Currency Coverage
Revolut – App-Driven Transfers and Multi-Currency Features
Paysend – Fixed Fees and Card-to-Card Transfers
Additional Notable Providers Worth Considering
Key Factors When Comparing Transfer Companies

Summary

The best international money transfer companies combine low fees, competitive exchange rates, fast delivery, strong security, and wide global coverage. Providers like Wise, Western Union, Remitly, WorldRemit, Xoom, OFX, Xe Money Transfer, Revolut, and Paysend each offer unique strengths ranging from ultra-low cost pricing to instant delivery and extensive payout options. How you compare them depends on your priorities for cost, speed, recipient convenience, and transparency.

What Makes an International Money Transfer Company “Top Tier”

A top-ranked money transfer company typically excels across a balance of the following areas:

Low and transparent transfer fees
Competitive exchange rates with minimal markups
Fast delivery times for recipients
Wide global reach covering many countries and payout methods
Security, regulation, and user trust
Convenient user experience via web and mobile platforms

This combination determines not only how much your recipient receives but also how smooth and secure the transaction feels from start to finish.

Wise – Transparent Costs and Mid-Market Exchange Rates

Wise (formerly TransferWise) is widely regarded as one of the most cost-effective international money transfer companies, especially for regular and moderate-sized transfers. Wise uses the mid-market exchange rate and applies a transparent fee that is usually lower than traditional banks and many competitors. Transfers are handled online or via app, and delivery times can be within minutes to a few days depending on corridor and payment method.

Wise has become a favourite where the amount the recipient actually receives — after accounting for exchange rate and fees — matters most. The company also supports multi-currency accounts for holding and managing funds in multiple currencies, adding flexibility for frequent international payers.

Western Union – Global Reach and Pickup Options

Western Union is one of the oldest and most globally recognised international money transfer companies, operating for more than 150 years. Its extensive network makes it a strong choice for sending money to a wide range of countries and payout methods, including bank deposit, cash pickup, and even mobile wallets in some regions.

Because of its physical agent network combined with digital options, Western Union is often a go-to when recipients need the flexibility of cash pickup or when digital bank accounts are not widely available. It is also increasingly investing in digital delivery and app functionality.

Remitly – Fast Delivery for Personal Remittances

Remitly specialises in personal remittances — sending money to family or friends abroad quickly and efficiently. The platform offers options such as express transfers that deliver within minutes and economy transfers that cost less but take longer. The user experience is particularly streamlined for first-time and mobile users.

Remitly’s pricing and speed options make it a popular choice for people sending smaller and frequent transfers, especially from North America, Europe, and Australia to recipient countries in Asia, Latin America, and Africa.

WorldRemit – Digital First, Flexible Payouts

WorldRemit is a digital-first international transfer provider that emphasises speed, ease of use, and flexible payout options. Recipients can receive funds via bank deposit, mobile wallet, cash pickup, or even airtime top-ups in many corridors.

WorldRemit’s strength lies in its digital coverage, which appeals to tech-savvy senders and recipients who prefer managing funds entirely via smartphones or web interfaces. Its global footprint covers over 100 countries with relatively competitive pricing.

Xoom (A PayPal Service) – Speed and PayPal Integration

Xoom, owned by PayPal, focuses on fast international money transfers with the convenience of PayPal’s ecosystem. It often delivers funds quickly — sometimes in minutes for bank deposits or cash pickup — making it useful for urgent transfers.

While Xoom’s exchange rate markups can be higher than some competitors, its integration with PayPal and global presence in many corridors make it a good fit when speed and familiarity with the PayPal platform matter.

OFX – Competitive for Large Transfers

OFX may not be as well known as Wise or Western Union, but it’s a strong choice when sending larger international transfers. Unlike other providers that charge per-transfer fees, OFX generally does not charge a direct fee and instead earns through its exchange rate pricing.

This structure can be more cost-effective for higher amounts, especially for business payments or personal transfers above typical remittance thresholds. It supports many corridors and is suited to users who prioritise lower cost over rapid delivery.

Xe Money Transfer – Broad Currency Coverage

Xe Money Transfer, part of the Xe global brand, is another respected provider focused on international transfers and foreign exchange. Known for broad currency support and coverage to many countries, Xe caters to both personal and business users who need a reliable platform with transparent rates.

Xe’s global coverage and reputation for competitive exchange rates make it attractive for users prioritising reach and flexibility across many currency corridors.

Revolut – App-Driven Transfers and Multi-Currency Features

Revolut is best known as a digital bank and fintech platform that offers international money transfers alongside multi-currency accounts, spending features, and in-app management of finances. Transfers between Revolut users are typically instant and free on basic plans, while cross-border transfers use competitive exchange rates.

Revolut’s model suits frequent travellers, expatriates, and users who manage money across multiple currencies regularly. The app’s integrated features make it a versatile alternative to standalone transfer services.

Paysend – Fixed Fees and Card-to-Card Transfers

Paysend is an emerging international money transfer provider emphasising simplicity and predictability. It supports transfers to over 170 countries with fixed fees that are displayed clearly before you send, along with transparent exchange rate information.

Paysend also offers card-to-card transfers, where you can send money directly to the recipient’s debit card, sometimes in seconds. This approach can be convenient when bank account details are not easily available.

Additional Notable Providers Worth Considering

Beyond this core group, many other companies and regional providers offer value in specific corridors or use cases, including traditional banks with global transfer services, local remittance specialists, and niche fintech platforms. A comparison tool or marketplace can help match your specific corridor and needs with the most suitable provider.

Key Factors When Comparing Transfer Companies

When evaluating which transfer company to use, consider the following:

Total cost including fees and exchange rate markup
Estimated delivery time to your recipient
Available payout options (bank deposit, cash pickup, mobile wallet)
Security, regulation, and customer support quality
Transfer limits and coverage of your source and destination countries

These criteria help ensure you choose a provider that meets your priorities — whether that’s cost, speed, or convenience.

Frequently Asked Questions

What is the cheapest international money transfer company
The cheapest option varies by corridor and amount, but providers like Wise often offer the most transparent pricing and mid-market exchange rates.

Which company sends money fastest internationally
Providers such as Xoom, Remitly, and some payouts via Paysend can deliver money in minutes depending on payment and payout methods.

Is Western Union still a good choice
Yes. Western Union’s global network and flexible cash pickup options make it suitable for recipients without bank accounts.

Do all providers support cash pickup
Not all. Digital-first platforms focus on bank deposits and mobile wallets; Western Union and WorldRemit offer cash pickup where available.

Why do exchange rates differ between providers
Exchange rate markups vary based on how providers source liquidity and price currency conversion, which affects the amount the recipient receives.