Looking for alternatives to Remitly for sending money abroad is important for those wanting good value and efficiency. I’ve explored and found three great apps for international transfers: WorldRemit, Wise, and Revolut.
Sending money from places like the US or UK? It’s crucial to know about the exchange rates, how fast the money can be sent, and the sending limits of these platforms. They also meet top safety standards, which means you can trust them with your money. My goal is to not just share information but also to help you choose wisely, potentially saving money and improving your experience.
Explore the Top International Money Transfer Apps
I started looking at apps for sending money online. I found many options like remitly competitors’ websites and platforms. Each one offers different features, so it’s important to compare them carefully. Wise really stands out because it reaches 174 countries and supports over 40 currencies, offering clear fees usually under 1%123. Then there’s WorldRemit, which serves 5.7 million customers. It can send money in over 70 currencies to 130 places worldwide. What makes it special is its London base and its commitment to safe, secure transfers12.
Western Union and MoneyGram are big names too, with a long history. Western Union has loads of payment options like cash pickup and bank transfers. It works in more than 200 countries, charging less than $5 for smaller transfers under $1,00013. MoneyGram reaches over 200 places too, but fees can be over 3%. Yet, they offer fast service, sometimes even on the same day13.
Looking at OFX and XE, they’re great for specific needs. OFX doesn’t charge for transfers and keeps rates competitive, helping with money moves to 170 countries. XE, from Canada, lets you transfer online to over 170 countries using more than 100 currencies. It gives you lots of choices on how to send your money123. Xoom adds to the list with strong security from its PayPal connection. It promises low fees and refunds if things don’t go as planned. Xoom reaches more than 160 countries13.
Then there’s Revolut, which is good for keeping track of your money in different currencies. Reviews say it’s becoming a big player in money services2. But, traditional banks can’t keep up, often charging around 11.5% in fees for transfers. This shows why these new apps are a better choice than old-school banks, according to The World Bank report3.
| Service | Countries Served | Currencies Available | Unique Features | Headquarters |
|---|---|---|---|---|
| Wise | 174 | 40+ | Low fees, Multi-currency account | — |
| WorldRemit | 130 | 70+ | Mobile wallet transfers | London, UK2 |
| Western Union | 200+ | — | Wide range of payment options | — |
| MoneyGram | 200+ | — | Same-day delivery options | — |
| OFX | 170+ | 50+ | No transfer fees, Exchange rate alerts | Australia2 |
| XE | 170+ | 100+ | Flexible delivery methods | Canada2 |
| Xoom | 160+ | — | Secure online transfers, Money-back guarantee | — |
| Revolut | — | — | Multi-currency accounts, Spending analytics | — |
So, what did I find from these reviews? There are many advanced options for anyone looking to send money online through apps. Each service has its own set of features for all kinds of money transfer needs123.
Remitly vs Other Money Transfer Services: A Detailed Review
As I looked into the top apps for sending money abroad, I noticed each had something special. Remitly’s app features are hard to beat with its easy-to-use design and clear prices. But Wise and Revolut also offer great deals for people around the world. Wise is known for its low transfer costs, starting at just a 0.43% fee4. It also accepts various payments like direct debit and Google Pay for user convenience4. On the other hand, Remitly is a top choice for some. It offers straightforward fees, with express transfers starting at $3.995.
When looking at remitly vs other money transfer services, Revolut stands out. It works in over 150 countries4. Besides sending money, it offers banking services like trading stocks and using ATMs, serving over 35 million people worldwide4. However, Cash App and Venmo charge a 3% fee for using a credit card5, which might put off some users.
It’s vital to choose the best apps like Remitly by country for a better money-sending experience. Zelle is quick with instant transactions5. Wise reaches over 70 countries locally and can send money to more than 160 countries through SWIFT4. Users should think about how fast they need the transfer to be, as it can take from seconds to days depending on the app4. Making a well-informed choice means your money transfer will not only save you money but meet your international needs perfectly.
Source Links
- https://wise.com/us/blog/remitly-competitors
- https://blog.remitly.com/money-transfer/worldremit-alternatives-money-transfer-websites-that-just-work/
- https://www.nerdwallet.com/article/banking/best-ways-to-wire-money-internationally
- https://statrys.com/blog/best-international-money-transfer-apps
- https://www.cnbc.com/select/best-money-transfer-payment-apps/
