Best Money Transfer Apps for International Transactions

The process of transferring money abroad has always been daunting for users, with many unanswered questions. Exactly which international money transfer app should you use to send money with the lowest fees and of course shortest possible time? Money sending apps have made it easy for everyone to transfer funds internationally. Although the fees and costs of using them are not the same. Costs will vary depending on the app you choose, country of origin and destination. The important point is that you need to find a reliable and efficient international money transfer app. In this article, you will learn about the top options, so you no longer have to worry about transferring money to family and friends or making international transactions.

What are Money Transfer Apps?

A money transfer app allows users to send money electronically using their smartphones (Android or iOS).

Money sending apps function similarly to traditional bank transfers but operate entirely within the app's platform. Users can link their bank accounts or use a debit or credit card to fund their transfers. Once the payment is initiated, the app processes the transaction digitally and sends the money directly to the recipient’s bank or another account.

To transfer money using an app, you must download it, create an account, and link a payment method. After entering the recipient’s details, you can review exchange rates and fees before confirming the transaction. Online money transfer apps also provide transaction history and alerts to track your transfers, ensuring a smooth process with a reliable internet connection.

Top Online Money Transfer Applications

Here is a list of the top options available as money transfer apps. Review this list and the details to help you choose the best option depending on your needs.

Feature	XE	Wise	Remitly	Western Union	PayPal	EZDEX
Transfer fees	low	Low - Transparent	Low	Low	High	Low - Competitive
Exchange rates	Real time	Mid-market	Competitive	Almost high	Almost high	Competitive - Dynamic
Transfer speed	1-2 business days	1-2 business days	Minutes (depends of economy or express method)	1-2 business days	Instant (PayPal balance)	Instant to 1-2 business days
Transfer amount limit	High	High (Vary by currency)	High	High	Medium	Low
Supported countries	200+ countries	80+ countries	140+ countries	200+ countries	200+ countries	200+ countries
Supported transfer methods	Bank transfer, debit/credit card	Bank transfer, debit/credit card	Bank transfer, debit/credit card, cash pickup, home delivery	Bank transfer, cash pickup	Bank transfer, debit/credit card, PayPal balance	Bank transfer, debit/credit card, cash pickup, home delivery

XE

XE combines competitive rates, a vast global reach, and user-friendly features. Supporting over 130 currencies and facilitating transfers to more than 200 countries, XE offers unmatched flexibility for international transactions.

Wise

Wise (former TransferWise) offers transparent fees and uses real mid-market exchange rates, ensuring cost-effective transfers. It supports transfers to over 80 countries and provides a user-friendly app for both iOS and Android devices.

Remitly

Remitly focuses on fast and secure international money transfers, supporting transfers to over 145 countries. It offers multiple payment methods and delivery options, including express and economy services, to suit different preferences.

Western Union

Western Union is one of the leading money transfer services in the world, with fast and reliable means of transferring and receiving money across the world. Western Union, founded in 1851, initially was a telegraph company before evolving into financial products. Western Union currently allows clients to transfer money online, utilizing its mobile application, or via its retail agent locations in over 200 countries and territories. Customers have various delivery options, such as bank deposits, cash pickups, and mobile wallets. Although the service is convenient and available worldwide, exchange rates and fees differ based on destination and payment method.

PayPal

PayPal is a globally recognized platform that facilitates international money transfers. While it charges fees for currency conversions and international transactions, its widespread acceptance and robust security features make it a popular choice.

Transfer Online & Instantly with EZDEX

EZDEX is a decentralized platform that enables users to transfer USD or other currencies online quickly and securely.

By bringing together hundreds of verified and reliable exchanges worldwide, EZDEX facilitates transferring money and exchanging currencies. With EZDEX, users can access a vast network of trusted financial institutions, with multiple transfer options to suit different needs.

Factors to Consider when Choosing Money Sending App

There are many companies and apps that offer high quality services and apps. When choosing the best money transfer app for international transactions, it is important to consider some factors.

• Transfer fees and exchange rates:  Compare costs to ensure you get the best value for your transfer.
• Transfer time: Check how quickly the recipient will receive the funds.
• Transfer amount limit: Verify the app's minimum and maximum transfer limits.
• Supported countries: Ensure the app operates in the country you’re sending money to.
• Supported transfer methods: Look for options like bank deposits, cash pickup, or mobile wallets.