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Alternatives to Western Union

Need a cheaper alternative for sending cash transfers?

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Fact checked

Western Union has tons of locations and a convenient cash pick-up option, but it's not the cheapest option out there and you may be better off using a different money transfer company. Here are some other options to consider.

Why is Western Union so popular?

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

Pros

  • Low minimum transfer of $1
  • Send money in minutes
  • Transfer to a wide range of countries
  • Cash pick-up

Cons

  • Can be more expensive than other transfer companies
  • High fees and unfavourable exchange rates can take a bite out of your money transfer
Alternatives to Western Union

1. TorFX

TorFX is a money exchange and transfer company that focuses on getting your funds where they need to go quickly. 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

  • Competitive exchange rates
  • Free market news
  • Price match guarantee

Cons

  • Can only send from Australia
  • Can only send from bank accounts, to bank accounts

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
  • Quick transfer process
  • Transfers to mobile wallet accounts
  • Cash pickup available
  • Mobile airtime account transfers

Cons

  • Fees vary widely and can sometimes be high

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 looking to do business or pay for exports overseas.

Pros

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

Cons

  • Significant amount of transfer fee applies for some countries
  • Not the best exchange rate
  • No cash payment or pickup, only bank deposits
  • Transfer minimum of $250
  • Limited currency options
  • Not compatible with all online marketplaces yet

4. WorldFirst

WorldFirst charges no fees on private client international payments or business currency transactions. It also allows for large transfers with rates closer to the mid-market rate than Western Union. There's an option for WorldFirst to help your business with its overseas payments, as well.

Pros

  • Competitive exchange rates
  • Spot contracts, forward contracts and hedging options available
  • Weekly updates on market exchange rates
  • Low fees

Cons

  • Small number of currencies available

5. XE Money Transfer

XE Money Transfer is a service designed to help you transfer your funds to a bank in a foreign currency, send cash to your family, make investments overseas or facilitate international business transfers. It has no fees, and instead profits from currency spreads.

Pros

  • A trusted and established name in money transfers
  • No fees and competitive exchange rates
  • Offers limit orders, forward contracts and other features

Cons

  • Not available in as many countries or currencies as Western Union

TransferWise logo

6. TransferWise

TransferWise is a money transfer site focused on value for money. Uniquely, it offers mid-market exchange rates. 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
  • Apps for both iOS and Android
  • Straightforward fees

Cons

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

Travelex logo

7. Travelex

Around since 1976, Travelex is an international money transfer service in around 200 countries worldwide. In addition to money transfer services, it offers a range of travel solutions such as foreign currency sales and travel cards.

Pros

  • Forward contracts and other options can get more favourable rates
  • Will be competitor prices with a valid quote
  • No fee for transfers of $10,000 or more
  • Exchange to more than 45 different currencies

Cons

  • Exchange rates not always the most competitive
  • A $15 fee applies to transfers under $10,000

RIA Logo

8. 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
  • Good rates and minimal fees
  • 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

Moneygram logo

9. MoneyGram

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

Pros

  • Extensive global network of 350,000 agent locations
  • Secure and reliable
  • 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

10. 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 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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.663 USD
6,627
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.663 USD
6,627
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.663 USD
6,627
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.663 USD
6,627
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.663 USD
6,627
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
AUD 1 1 day AUD 52.00 0.665 USD
6,619
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 0 Same day AUD 2.99 0.658 USD
6,578
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details
AUD 1 1 day AUD 0.00 0.662 USD
6,620
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.659 USD
6,586
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.657 USD
6,571
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Related Posts

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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