Top 5 Online International Money Transfer Companies

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With many companies available to make an international money transfer online, user choices have never been better. Each company has its own way of operating with various fees, locations, and features, which means there are many factors to be considered to get the best service when it comes to transferring money internationally online. So here are some of the best international money transfer companies in the game.

1. Western Union

The Western Union has been a trusted and reliable way of making an international money transfer since the mid-1800s and offers a number of ways to transfer money; online from account to account, by card, or by cash pickup at over 500,000 locations throughout the world in person or by phone.

Fees charged per transfer depend on the amount and destination. However, the company provides an online fee calculator to calculate the total cost.

2. PayPal

PayPal has become the go-to option for the everyday consumer to transfer cash all around the world. It has become synonymous with the economic movement in the online age and offers a friendly, reliable, and easy-to-use service to enable its users to make international transfers part of everyday life. PayPal charges fees for many of its services with a full list available on their website. Speed is also a factor with transfers, typically taking from one to several days depending on the specifics of the transfer.

3. Xoom

In over 53 countries worldwide and expanding gradually, Xoom offers a speedy option with international money transfers. For this speed of use, fees are slightly higher than other providers and depend on amount and destination, with Xoom online providing a fee and currency exchange calculator.

4. MoneyGram

With 40,000 locations throughout the world, MoneyGram has made cash pickup more widespread for its users even when money transfers are made online. Transfers can also be made online from bank account to bank account. MoneyGram does not require an account with the MoneyGram site, setting it apart from most online money transfer providers. Fees again vary depending on the amount being sent and the destination of the money, but they also offer an online calculator for fees and currency exchange.

5. TransferGo

TransferGo is a newer provider on the market whose speedy service is a big selling point. With the usual fees and currency exchange rates adding to the cost of sending money, the speed of transfers can be a factor to consider when the need arises. The only requirement to use TransferGo is to have a valid bank account. However, TransferGo does not offer a cash pickup service.

Any particular need for an international money transfer can be met online with many providers offering competitive fees and exchange rates or catering to quick delivery of service. Many users prefer the reliability of a trusted brand in the field.