Best International Money Transfer Apps

The top money transfer apps are highly rated, provide safe payments, low exchange rates and have zero hidden fees. In this post we compare the apps and reputation of the company that operates the service.

The best international money transfer apps have excellent ratings on Google Play and in the Apple Store

AND IMPORTANTLY also have trustworthy services designed to handle the amount you want to send.

Disclosure: This post may contain offers and affiliate links to save you money and it also helps us to keep providing the best information. For more information, see our disclosures here.

Money transfer apps, allow for easy and secure transfer of funds between individuals or businesses overseas.

Apps can be convenient, low cost, and a digital wallet feature to links to credit card or bank account. These apps make electronic transactions simple with a few taps on a mobile device.

They can also do some very cool things bank accounts can only dream of like social aspects and more.

First let us remove the elephant in the room:

Many people may think of PayPal for money transfers but due to their complex and expensive fee structure we think you can do better.

1. Quick Comparison

2. Wise

Best for: Bank-to-bank transfers at the mid-market rate with no hidden fees
Fees: Fixed fees (on average 0.61% of the amount) + mid-market exchange rate
Transfer Speed: 45% of all transfers arrive instantly; others take 2-5 days
Safe?: Regulated service, Fraud Team, Security Team, 2FA
Customer Reviews: 4.1/5 with 245,000+ reviews on Google Play store; 4.7/5 with 29,000 reviews on App Store

There are no one-size-fits-all money transfer services, but Wise comes pretty close. Wise is available in 50+ countries and lets you send money (bank-to-bank transfers) in 70+ currencies at the mid-market rate. 

Wise is very affordable for small transfers below $7000 USD (£4500 GBP/€4500 EU/$9500 CAD AUD) and keeps their costs low with local bank accounts in every country they operate. This means little to no hidden fees for users.

irst things first – can you get one?

The easiest way – is check here by selecting the dropdown.

Wise also offers a multi-currency account (review) for personal and business that lets you hold, manage, and convert between 50+ currencies. You also get local bank details in 10 currencies (including USD, GBP, CAD, EUR, AUD, etc.) and a MasterCard debit card that can be used worldwide or for online purchases.

3. CurrencyFair

Best for: Most savings on small bank-to-bank transfers below $7000 USD (£4500 GBP/€4500 EU/$9500 CAD AUD) with their P2P feature
Fees: Exchange rate margin + small fixed fee
Transfer Speed: 1-6 days
Safe?: Regulated, Segregated accounts, 2FA, 256-bit encryption
Customer Reviews: 2.6/5 with 850+ reviews on Google Play store; 4.8/5 with 720+ reviews on App Store

CurrencyFair (review) is available for registration in 62 countries, lets you send money to 150 countries, and is regulated in Europe, the UK, the US, Australia, Singapore, and Hong Kong.  

CurrencyFair also has dedicated business accounts as well as multi-currency accounts for personal and business.

And you can get your first 10 transfers “fee-free”.

Sending money abroad with CurrencyFair can be extremely affordable – in fact they claim to be 8 times cheaper than banks. So how do they keep transfer fees low – while also making money?

CurrencyFair has a peer-to-peer (P2P) marketplace where you can swap currencies with another user transferring in the opposite direction. This often lets you bag exchange rates below the mid-market rate. If another user isn’t available to swap, CurrencyFair steps in to complete the transfer, and you still get a competitive rate.

4. Revolut

Best for: Instant EUR payments and banking-like features
Fees: Variable transfer fee, Exchange rate mark up (higher on weekends), Account and card fees
Transfer Speed: Instant for Revolut to Revolut, Local bank transfers: 2-3 days, International transfers 2-5 days
Safe?: Regulated, Biometric login, OTP log in, Single-use virtual cards, instant notifications, audits
Customer Reviews: 4.5/5  with 2.13M reviews on Google Play store; 4.8/5 with 9200+ reviews on App Store

Revolut (review) lets you send money abroad in 28 currencies and is available for both personal and business users (includes free and paid plans). Local Revolut to Revolut payments are instant and free, while cross border payments are chargeable.

Click here to see the options and pricing available in your country 

Revolut also comes with helpful banking-like features including full service current accounts, savings pots, spend tracking, bill splitting etc. Even though they have a banking license, they’re not a real bank. Apart from the digital bank accounts, you also get a prepaid debit card that works worldwide, travel insurance with the paid plans, and you can even buy and sell cryptocurrency.

5. WorldRemit

Best for: Fast and economical cash transfers and mobile wallet payments worldwide
Fees: Transfer fees (from $0.99 USD to $5.99 USD), exchange rate margin, sending and receiving bank fees
Transfer Speed: Instant for cash transfers, mobile wallet payments, and airtime top ups; 3-4 days for bank transfers; 1-2 days for bill payments
Safe?: Regulated, Encrypted connections on website and app, customer funds separated, regular audits
Customer Reviews: 4.7/5 with 147,000 reviews on Google Play store; 4.8/5 with 75,000 reviews on App Store

WorldRemit (review) makes cash transfers easier and more affordable than traditional remitters like Western Union, Ria, and MoneyGram by moving a part of the process online. 

With WorldRemit you can send money in 70+ currencies and they have agent offices in 150 countries. 

Apart from quick and affordable cash transfers, WorldRemit also supports bank transfers, mobile wallet transfers, overseas bill payments, and prepaid mobile top-ups in some countries.

WorldRemit is only for personal use, so if you need to accept multiple currencies from clients or pay vendors worldwide, they’re not the right choice for you.

WorldRemit also offers a wide range of funding options such as bank transfers, cards (credit, debit, and even prepaid), Apple Pay, as well as country-specific methods like iDeal, Sofort, Klarna, etc.

Another reason to try WorldRemit is that you can get 4FREE* transfers! (*click the link to see if you qualify)

6. OFX

Best for: Most savings for large transfers above $7000 USD(£4500 GBP/€4500 EU/$9500 CAD AUD)
Fees: Fixed $15 below $10,000 and decreasing margin on the exchange rate as amount increases
Transfer Speed: 2-4 days
Safe?: Regulated, Publicly listed company (Australian Stock Exchange), Security questions and automatic time-outs, Fraud prevention technology, SSL certification.
Customer Reviews: 4.6/5 with 100k+ reviews on Google Play store; 4.8/5 with 3800 reviews on App Store

Not all services are equipped to handle large transfers but OFX (review) makes them easy and affordable. With OFX you can send amounts above $7000 USD(£4500 GBP/€4500 EU/$9500 CAD AUD) to 190 countries in 55+ countries. 

Whether you want to send money immediately, save on your transfers in the future, or set up large recurring transfers, OFX has your back. 

Moreover, by waiving their flat fee above and decreasing the exchange rate margin as the amount increases, they make sure you can save a lot on your large international money transfers. 

They also have local bank accounts in 115 countries, which means you won’t incur hidden fees (like sending and receiving bank fees) when you send money to and from these places. 

OFX also offers a multi-currency account for businesses as well as local currency accounts in USD, EUR, AUD, HKD, SGD, CAD, or GBP to receive money directly or from market places without hefty bank fees. 

You can also reach OFX 24×7 on the phone if you hit a snag with your transfer.

By the way, so that OFX can make money on smaller transfers they sometimes add a $15 fee (below $10,000) however we organised to have this fee removed (opens a new tab) so you can avoid this fees all together – if applicable.

7. TorFX/CurrenciesDirect

Best for: Award-winning customer support and for large transfers above $7000 USD (£4500 GBP/€4500 EU/$9500 CAD AUD)
Fees: No fixed fees; decreasing margin on the exchange rate as amount increases; some hidden fees like sending and receiving bank fees
Transfer Speed: 1-4 days
Safe?: Regulated, TLS encryption, High credit rating by Dun and Bradstreet, Customer funds held separately
TorFX Customer Reviews: 4/5 with 250+ reviews on Google Play store; 1.3/5 with 4 reviews on App Store
CurrenciesDirect Customer Reviews: 3.4/5 with 450+ reviews on Google Play store; 3/5 with 10 reviews on App Store

TorFX (review) and CurrenciesDirect (review) are owned by the same parent company and operate in different regions. 

If you’re sending large transfers from the UK/Europe/AUS/NZ, go with TorFX. 

In the USA, UK, Europe, Canada, India, South Africa, Spain, and Portugal? CurrenciesDirect is your best bet. 

Both TorFX and CurrenciesDirect are known for their award winning customer service, which includes being guided throughout the process (from onboarding to setting up a transfer) on the phone by your Personal Account Manager. 

Since they’re phone-based services primarily, they have fewer ratings and app reviews. But if you consider their service as a whole, TorFX and CurrenciesDirect are rated 4.9/5 and 5/5 respectively on Trustpilot. 

They’re also available for business transfers and can help you save big in the long term with features like Forward Contracts which let you set a favourable rate for up to a year and protect yourself from market movements (even a 1% movement can make a huge difference in fees for large transfers).

Another point of difference we like is that they offer quotes before you sign up!

Get a Quote from TorFX AUS/NZ and Asia
Get a Quote from TorFX UK and Europe

Get a quote from Currencies Direct

Final Word

When selecting a money transfer app, the key is to consider not just the app itself, but also the capabilities and reputation of the company that operates the service.

No transfer company checks all the boxes but you can find one or more that meets your specific needs.  

Our advice?

Decide how much you need to send first and zero-in on 2-3 services. Start with the table above.

The next part is much easier – depending on your location, target currency, and payout method, choose the international money transfer service that satisfies all these criteria. 

Happy Transfers!