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Alternatives to Western Union

Need a cheaper alternative for sending money overseas?

Around for more than 160 years, Western Union is one of the oldest and most recognisable names in money transfers. Available in 200 countries globally and with more than 500,000 agent locations worldwide, money pickups are easy and accessible.


1. TorFX

TorFX specialises in helping customers send large transfers abroad. Unlike other services, it requires funds to be cleared by individuals who hold TorFX accounts. The money must be sent in advance before the transaction can be performed.

Pros

  • Strong exchange rates on major currency pairs
  • Great for transfers above $2,000
  • Price match guarantee
  • Assigned dedicated currency expert

Cons

  • Can only send from Australia
  • Offer a limited number of currencies
  • Only offer bank account to bank account

2. WorldRemit

WorldRemit provides a variety of transfer options, letting you send money from over 50 countries, and to more than 120 countries. It offers online, bank-to-bank and cash transfers. Similar to Western Union, the fees vary by country and situation.

Pros

  • Flexible payment options and quick transfer process
  • Transfers to mobile wallet accounts
  • Cash pickup available
  • Mobile airtime account transfers

Cons

  • Fees vary widely and can sometimes be high
  • No options to hedge currency risk

3. OFX

Like Western Union, OFX offers money transfers to many countries in a variety of currencies. But with higher maximum transfer amounts and no fees, OFX could be better if you're doing business overseas or relocating.

Pros

  • Offer services to over 200 countries
  • Wide range of transfer options available
  • Android and iOS apps available for mobile transfer and tracking
  • Great for large transfers

Cons

  • $250 transfer minimum
  • Limited currency options
  • No cash payment or pickup, only bank deposits
  • Not compatible with all online marketplaces yet

4. Xe Money Transfer

XE Money Transfers is an online platform with competitive exchange rates and low fees. It is often preferred over Western Union due to its strong exchange rates, lower transaction costs, and user-friendly interface. It charges $4 for transfers below $500.

Pros

  • A trusted and established name in money transfers
  • Low fees and competitive exchange rates
  • Offers limit orders, forward contracts and other features

Cons

  • Not available in as many countries as Western Union
  • Need to create an account to get a quote

5. Wise

Wise is one of the few transfer providers that offers the mid-market exchange rate. However, it also charges fees of a fraction of a percent of the total transfer plus a flat amount.

Pros

  • Offers mid-market exchange rates
  • Easy to use and quick sign-up process
  • Straightforward fees

Cons

  • Transfers to bank accounts only. No cash pick-up option
  • High fees can offset the benefits of mid-market exchange rates

RIA Logo

6. Ria

Ria is the world's third-largest money transfer service, with more than 240,000 agent locations in 130 countries. It's known for its simple transfers, and aims to offer competitive fees and exchange rates.

Pros

  • Wide variety of transfer options
  • Charges a flat transfer fee of $2.98
  • Online price calculator simplifies money conversion

Cons

  • Cost-effectiveness varies depending on where you send money
  • Maximum transfer limits may be too small for your needs

7. MoneyGram

As the second-largest international money transfer service in the world, MoneyGram is one of Western Union's biggest contenders. It transfers and exchanges currencies in over 200 countries and territories around the world to more than 350,000 agent locations worldwide.

Pros

  • Secure and reliable provider with a long track record
  • Extensive global network of 350,000 agent locations
  • Fast transfers, with same-day service in many locations

Cons

  • Maximum online transfer amounts may be too low for your needs
  • Fees can be high depending on payment type and transfer destination
  • Exchange rates vary and may not always be the most competitive

PayPal Logo

8. PayPal

In addition to payment support for online purchases, PayPal also offers overseas transfers to more than 200 countries and territories. While PayPal is like a digital banking service, its rates are competitive compared with most banks and financial institutions.

Pros

  • Available worldwide
  • Offers recurring payments
  • Exchange rates fixed at 2.5% above mid-market rates
  • Clear transfer fees, starting from $0.99

Cons

  • Fees increase with the amount transferred
  • Credit card payments incur fees of a percentage of the total transfer
  • Recipient also needs a PayPal account

Still looking for the right money transfer provider? Compare more options below

Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.

Alternatively, learn more about Western Union in our review.

1 - 25 of 25
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Xe Large Transfers
24 hours
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Revolut
Within minutes
$0
Send money with great rates and low fees in 30+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From 0%
50% off first transaction fee from any country in APAC (outside India).
Minimum transfer of $250 and max transfer of $500,000
Wise (TransferWise)
Within minutes
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
TorFX
24 hours
$0
TorFX sends money overseas in 40+ currencies, with competitive rates for transfer amounts over $2,000.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Rocket Remit
Within minutes
From $0 to $5
Send money instantly to friends and family in over 45 countries using just your mobile number.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
SingX
Within minutes
From 0.5%
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
CurrencyFair
Within minutes
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Send Payments
Send Payments
24 hours
$0
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
MasterRemit
Within minutes
From $0
Get your 1st and 2nd money transfer for free with promo codes FIRSTFREE and MASTERFINDER!.
Send money in minutes at competitive exchange rates to the Middle East, Africa and South Asia.
Western Union
Within minutes
From $0
Western Union sends money online to friends and family in 200+ countries around the world.
Qantas Business Money
Within minutes
$0
Limited time offer: Earn up to 125,000 bonus Qantas Points as a first-time converter. Ends 30 April 2024. Conversion limits and T&Cs apply.
Set up accounts in 11 different currencies and get rewarded for global business payments by earning Qantas Points.
Airwallex
Within minutes
$0
Streamline global payments in 60+ currencies. Send & receive securely in 150+ countries, with fast settlements & competitive rates. Simplify book-keeping & manage everything in one place.
TorFX Business Transfers
24 hours
$0
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
OFX Business Transfers
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
WorldFirst
24 hours
From $0
Open bank accounts in Australia, the UK, US, Canada, Japan and Europe. Send and receive funds with zero fees for large sums, including same-currency supplier payments.
Send business
24 hours
$0

Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
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