Money transfer apps make sending money internationally convenient, but which app is the best? Depending on where you're sending money and how fast you need it to arrive, you may find what you need in these highly rated apps.
We rated the apps using a methodology that mainly took into account customer reviews from the Apple App and Google Play stores, but also took into consideration app features, transfer speeds and coverage.
With the Remitly app, you'll be given the exact date and time your money will be available for your recipient. If your transfer is late, Remitly has a money-back guarantee. Learn more about this and other features before downloading the app to make sure it's the right fit for you.
Rated 4.8/5 on Google Play and 4.8/5 on the Apple App Store
Cash pickup available
No minimum transfer, for cash pickup and to mobile wallets
Large range of destinations
Funds can be received through mobile money
Limit on how much you can send
Fees change depending on the speed of your transfer
Send payments to friends, family and businesses in 80 countries with the Wise app. It includes a calculator you can use to get exchange rates and fees for specific transfers and offers an easy way to upload a photo of any personal ID needed to get started with Wise.
Rated 4.7/5 on Google Play and 4.7/5 on the Apple App Store
No minimum transfer amount
Uses the mid-market rate
Transparent with fees
Can pay with Apple Pay (although paying by card incurs higher fees)
Arriving in Australia in 2019, Revolut has made a name for itself in travel money and is becoming increasingly popular for money transfers. It's app-only and you can transfer money in 26 currencies 100+ currencies.
Rated 4.5/5 on Google Play and 4.8/5 on the Apple App Store
Excellent app-user experience
No max transfer limit on most currencies
You get the mid-market during market hours
Offers a wide range of travel money services
Exchange rate markups apply on weekends
Plan limit apply, on the standard plan you can convert $2,000 per month without fees
Other providers have a bigger selection of currencies
With OFX's mobile app, send money transfers of $250 or more to 195 countries worldwide. You can also use the app to register for an OFX account, monitor current and historical exchange rates, track your transfers and set rate alerts. Transactions are free, but OFX takes a slight margin on currency exchange rates.
Rated 4.5/5 on Google Play and 4.8/5 on the Apple App Store
With the WorldRemit app, you can send money to more than 130 countries for bank deposit, mobile airtime top-up and even cash pickup. WorldRemit has no minimum transfer amount, but its maximums vary depending on the destination country.
Rated 4.6/5 on Google Play and 4.8/5 on the Apple App Store
Cash pickup available
No minimum transfer
Large range of destinations
Competitive exchange rates
Funds can be received through mobile money
Limit on how much you can send
Fees change depending on the amount you transfer
Not as many extra features as other money transfer apps
Use Western Union's Money Transfer app to transfer funds to more than 200 countries and territories around the world. You'll also gain access to a map of worldwide agent locations and their directions and hours for cash pickups.
Rated 4.4/5 on Google Play and 4.5/5 on the Apple App Store
Almost-instant transfers to cash pickup
Can pay with bank transfer, cash, card or Apple Pay
Transfers to many currencies
Less competitive exchange rates
Transfer fees to some countries can be significant
The Xe Money Transfer app lets you exchange money at a more competitive exchange rate than you'd find at the bank and makes tracking multiple exchange rates a breeze. It also offers low fees and low minimum transfer amounts.
Rated 4.7/5 on Google Play and 4.8/5 on the Apple App Store
No fees for amounts above $500
High sending limit
Set custom currency pair alerts
Send money to more than 130 countries.
Doesn't use mid-market rate
Limited cash pickup options
Slow transfer speeds
Receiving options
Bank transfer Credit card Debit card
Pay By
Bank transfer Credit card Debit card
Set rate alerts
Monitor 10 currencies
Track your transfer
Available on iPhone
Available on Android
Available in 11 languages
🧪 Methodology: How we ranked these apps
The 7 money transfer apps listed are selected out of 26 money transfer services and rated based on 5 main factors. Customer ratings from Google Play and Apple App stores make up 70% of our criteria with the remaining 30% spread across app features, coverage and transfer speed.
5 main factors with weightings:
Apple store reviews - 35%
Google app reviews - 35%
App features - 20%
Transfer speed - 5%
Number of countries & currencies supported - 5%
App features we analyse:
Transfer tracking
24/7 customer support
Supports multiple languages
Exchange rate alerts
Recurring transfers
Available on iPhone & Android
Payments options
How can I compare money transfer services?
A key factor in choosing an app is the service behind it. Compare these features before making your decision.
Exchange rates
Different providers will offer you different exchange rates. It's generally not the one you'll see on Google or Xe — otherwise known as the mid-market rate. To make a profit, transfer services add on a margin to the exchange rate to cover their own fees. Always compare providers with the knowledge that a provider may have no fees, but a bad exchange rate.
Fees
Providers charge fees in either flat rates, percentages or not at all. These fees can also change depending on what you're sending and how you're sending it. For example, larger transfers are generally cheaper, while money transfers using your credit card can incur higher fees.
Speed
Sometimes you need to get money to someone fast. Some providers specialise in cash pickup, which means your recipient can pick up the money you send almost instantly. This does come at a higher price, however. If you're not worried about timing, most providers take anywhere between one and four days to deliver the money at a much lower fee.
The countries to which you can send money will vary by provider. Some specialise in certain geographic areas, while others provide services to hundreds of countries.
Some providers get your money to its destination in minutes after payment, especially if you pay with a debit card. Others require a few days to get to your recipient. Confirm the transfer speeds of your service before putting any cash down.
Yes. When processed through a reputable bank or company, your funds are safely tracked until in the hands of your recipient.
Kate Steere is a deputy editor at Finder, specialising in fintech, cryptocurrency and banking. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia. When not working, she can usually be found curled up with a good book or heading out for a run.
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