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Cash App International Transfers

6 Best Alternatives

Yes, Cash App is great way to pay or get paid (often for free) in the US and the UK.

But there’s one massive drawback – you can’t use Cash App for most international transfers.

Although limited, you can send or request Cash App payments with friends between the UK and USA.

So if not Cash App then who?

We’ll share 6 tried and tested options to make international transfers easy and affordable from the US.

But first, we’ll see what you can and can’t do with Cash App.

Disclosure: This post contains affiliate links and potential savings on transfers if you use some of the links! For more information, see my disclosures here.

1. How Cash App for International Works? (and when it doesn’t)

For now Cash App is limited to transfers between the UK and the USA and you can send or request payments from either country.

“When you send a payment …, Cash App will convert the payment from GBP to USD (or USD to GBP) based on the mid-market exchange rate at the time the payment is created.”

Cash App USA and UK

Using the mid-market exchange rate (similar to interbank rate) is about as inexpensive as it gets.

So if you both have Cash App it can be a great way to go.

But that does not mean they are the best for you!

For example, the other person may not have Cash App set up or want to.

And Cash App as some other limitations.

For example, you can only send and receive up to $1,000 within any 30-day period ($250/week without verifying your identity). Apparently you can get your account can be upgraded to a send limit of $7,500 per week and an unlimited receiving limit (unverified).

The biggest issue however could be the additional fees.

As soon as you start trying to anything other than simple transactions (like using a Credit Card or speeding up the transactions) things can become relatively expensive quite quickly.


2. Cash App Costs and Fees

Bank-to-bank transfers with Cash App are free.

However, they do charge the following fees:

  • Typically, Cash App transfers take about 2-3 days to be completed (like a regular bank transfer). However, if you need to send funds instantly, you can pay a rush fee of 1.5% of the transfer amount.
  • Funding your transfer with a credit card? Your card issuer will charge about 3% of the transfer amount (industry standard)
  • ATMs withdrawals are free if you enable direct deposits to receive your salary. Otherwise, each withdrawal will cost you $2.

3. Can you use Cash App while overseas?

Although you can access your US or UK bank account when you’re travelling abroad, Cash App doesn’t support domestic or international transfers in the US when you’re overseas.

Moreover, you can only use your Cash App Visa debit card to make ATM withdrawals and in-store purchases in the US or the UK.

But we do have some great options below.

4. Can you use Cash App Internationally (including Canada)?

I know what you’re thinking right now – does Cash App work in Canada or the rest of the world?

Unfortunately the answer is no.

Currently Cash App is only available in the US and the UK. Their international transfer capabilities only extend to USD-GBP and GBP-USD transfers.

5. Cash App Alternatives (International)

For payments inside the US, check out our Cash App Alternatives page.

If you are looking to send money overseas, here are some services that can do a whole lot more than payments between the US and the UK.

6 Top Ranked Alternatives

Cash App AlternativeBest forLimitations
WiseOne of the most affordable services for international bank-to-bank or card-to-bank transfers for low amounts ($7000 USD and below)

For international people, their Multi-currency Account can be a game changer.

You can also see their fees here before you transfer!
No instant transfers, no cash pick ups
N26Setting up a full service digital current account in the US, free ATM withdrawals, and no foreign exchange fees when travelling abroadInternational transfers are via Wise, so it makes sense to go with them directly
World RemitAffordable transfers to 150+ countries from the US. Cash pick ups and mobile wallet transfers supported.No instant transfers
RemitlyInstant international transfers from 16 sender countries to 50+ countries worldwide. Cash pick up and mobile wallet transfers supported.Personal transfers only
XEGreat for large transfers from the US ($1000 USD and above). Provides phone support for transfers.Bank-to-bank transfers only
OFXExcellent option for sending USD ($7,000 USD and above). Great phone support for transfers (which is potentially most needed for large amounts).

For transfers below $10,000 they can charge a $15 fee but this link
Bank-to-bank transfers only

5.1 Wise

Review of Transferwise

Wise and their Multi-currency account are excellent Cash App alternatives if you want to send money abroad affordably and extend your international spending capabilities.

The important bit:

Wise makes bank-to-bank and card-to-bank transfers affordable and simple at the mid market (or interbank rates). Their fees and systems are transparent, so you’ll know exactly what you will pay before you hit “Send.”

You can even calculate the small fees on their Widget.

Availability: You can register from 59 countries (including the US, UK, and Canada) and send money to 60+ countries in 40+ currencies.

Strengths: Transparent and affordable fees, easy online interface, helpful customer service, specialized money transfer service for small amounts (below $7000 USD), support for both individuals and businesses, and lots of cool perks with the Borderless Account.

Fees: Wise has very competitive fees (especially compared to banks) and their transparent fee structure will keep you coming back for more. Typically, their fees vary on your funding method (bank transfer or credit or debit card), the amount you’re sending, and the currency.

Wise’s fees are usually between 0.4-1% of the transfer amount and you’ll always get the best exchange rate with them (with no markups!).

Wise has created an alternative to the network that banks use to send money internationally, which helps them pass on the savings to their users by minimizing fees when sending money all over the world.

Wise also offers a Multi Currency Account and a prepaid MasterCard (accepted pretty much anywhere globally and great for online purchases).

You also get international bank details in major currencies like USD, CAD, GBP, EUR, AUD, SGD, and NZD, which makes getting paid or accepting money in those currencies as if you had bank accounts in those countries.

This means you can receive payments in those currencies for free and you losing money when exchange rates fluctuate.

If this aligns with your needs at the moment, check out our full reviews of Wise Transfers and Wise Multi Currency Account.


5.2 N26

Review of N26 Bank

N26 has partnered with Axos bank in the US to set you up with full service current accounts to receive your salary and travel seamlessly with their Visa debit card.

The Important bits:

With N26 you get a full-service current account, saving pots that earn interest, a Visa debit card that’s amazing for travelling abroad or paying for goods and services in the US and internationally.

You also get unlimited free ATM withdrawals at over 55,000 Allpoint locations across the US, Canada, Puerto Rico, Australia, Mexico, and the UK as well as 2 free withdrawals per month at out-of-network ATMs anywhere in the world.

N26 also lets you pay other N26 users in the US instantly from the app.

However N26 processes their international transfers with Wise, so for only sending money abroad it makes sense to just use Wise.

Availability: N26 is available in the US, Germany, Austria, Ireland, France, Spain, Italy, the Netherlands, Belgium, Portugal, Finland, Luxembourg, Slovenia, Estonia, Greece, Slovakia, the UK, Poland, Sweden, Denmark, Norway, Liechtenstein, and Iceland. Note: N26 is not available in the UK

Fees: N26 accounts and the card are free in the US – which means, no minimum balance, no monthly fees, no foreign transaction fees when travelling abroad, and no overdraft fees.

Strengths: Easy to set up current accounts, free and instant transfers to N26 users, free account with no monthly fees, free ATM withdrawals, no foreign transaction fees when travelling abroad.

If this is what you’re looking for highly recommend checking out our full review of N26.


5.2 WorldRemit

Review of WorldRemit

WorldRemit could be a great Cash App alternative for international transfers if your recipient doesn’t have a local bank account or Cash App account.

WorldRemit lets you send cash, supports mobile wallets transfers (worldwide) and home deliveries (in Vietnam) and even lets you top up your recipient’s prepaid mobile with their Air time service. Other than that, they also support bank-to-bank transfers.

WorldRemit also offers 3 free transfers to some countries including the US (use link for more info).

Availability: You can sign up for World Remit in 44 countries, including the US, UK, and Canada and send money to 150 countries worldwide.

Strengths: Wide base of receiving countries, various payout methods, support for both individuals and businesses

Fees: WorldRemit’s fees vary according to the amount, the payout method, your target currency, and the funding method.

Their exchange rate depends on market fluctuations (that is, you don’t get the mid-market rate ). They charge a margin on the exchange rate and their fees range between $3.99 USD and $24.99, depending on the payout method and the receiving currency.

However, their transfers are still a good deal cheaper than high street banks.

Typically, transfers funded with a credit card are more expensive (your card provider charges a fee that WorldRemit doesn’t account for) and banks at either end can also charge fees.

Cash transfers can be more expensive, but you can save big on your fees if your recipient chooses to receive the funds in a local currency.

If this should right for you, don’t miss our full review of WorldRemit.


5.3 Remitly

Review of Remitly

Remitly makes international money transfer affordable, easy and fast for immigrants based in developed countries who want to support their families in developing nations.

Remitly supports cash transfers, cell phone transfers, as well as bank transfers.

Availability: You can sign up for Remitly from 16 developed countries: UK, US, Canada, Australia, Ireland, Germany, France, Italy, Spain, Austria, Belgium, Finland, Netherlands, Norway, Singapore and Sweden and send money internationally to family members in 50 countries worldwide (personal transfers only).

Strengths: Specialized service for personal transfers, instant transfers, many payout methods.

Fees: Remitly’s fees depend on your sending country, selected service (Express or Economy – which determines transfer speed), your transfer amount, and the target currency.

Their Express service (instant transfers) can be a bit more expensive than their Economy service (slower – 3-5 days), but extremely handy in an emergency.

But a perk of the Economy Service is that Remitly waives their transfer fees if you send more than $1,000 USD for some receiving countries.

Remitly limits transfers between the 16 sender countries, so Cash App is still a good option for local transfers in the US.

Want more details on how Remitly works? Check out our Remitly review.


5.4 XE

Review of XE

XE is one of the most trusted international money transfer companies and can support you with personal remittances, business transfers, as well as large and extra-large transfers ($7000 USD and above).

Availability: Sign up for XE from the US, UK, Canada, Europe, Australia, and New Zealand and send money to 170+ countries in 60+ currencies.

Strengths: Personal and business transfers, equipped to handle large transfers (safe bank-to-bank transfers), many receiving countries, fee-free transfers (depends) at the mid-market rate, phone support for transfers

Fees: You’ll pay a % fee on the mid market exchange rate (0.3-1.2% of the transfer amount, depending on the currency) and this fee goes down as the amount goes up, which makes it excellent for large transfers.

As you can see here – XE charges a small fee on low value transfers (opens tab, so you can keep reading).

We have a whole lot more on XE in our full XE review.


5.5 OFX

Review of OFX

OFX also supports you with those super-sized transfers ($7000 USD and above) for personal or business purposes and provides excellent phone support.

It’s extremely reassuring to speak to a human when a large amount is on the line, but you also have the option to set up your transfer online.

Availability: You can sign up for OFX from the US, UK, Canada, Australia, New Zealand, Singapore, and HongKong and send money abroad to 190 countries in 55 currencies.

Strengths: excellent for large transfers, great phone support, both personal and business transfers supported

Fees: OFX often charges a flat $15 fee + a margin on the exchange rate for all transfers below $10,000. Moreover, they have local bank accounts in over 115 countries, which helps you save on the extra fees sending and receiving banks may charge.

OFX may charge a fixed fee of $15, however if you click here you can avoid these fees all together.

See our full OFX review for more.


Verdict

Cash App helps you bypass fees on your domestic bank-to-bank transfers in the US (which can cost between $5-$25 USD, depending on whether you’re opting for ACH or wire transfers).

Functionality wise, it offers quite a bit more than their competitors like Venmo and Zelle.

However, with Cash App’s limited international transfer capabilities, you need to consider specialized international money transfer services.

Wise (review) is excellent for smaller transfers below $7000 USD and they offer a great deal with their transparent fee structure.

Wise are also rediculously transparent on fees (even before you sign up) as you can see here with their calculator.

Moreover, their Multi-currency Account comes with a lot of perks.

If you’re more into exploring how digital banks work and need a debit card that’s great for international transactions and travelling abroad, N26 (review) is an option you should also look at.

WorldRemit and Remitly are ideal if you’re looking for a variety of payout methods, while XE and OFX are the best in the industry for those large and extra large transfers.

Happy Transfers!

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