Choosing the Best International Money Transfer Service For 2024

Money scams are never a new risk for individuals. But when it comes to sending money across borders to family or friends, people struggle the most to find a reliable platform for the transaction.

Among thousands of options available in the global market, choosing the one that fits your needs and offers the best features can be tricky.

But to make your job easier, here is a list of top money transfer platforms so you can choose the most secure for yourself. 

• Western Union 

Western Union is one of the leading platforms for sending money internationally, covering more than 200 countries across the globe. It has millions of users who can transfer money internationally in a hassle-free way. 

Western Union offers a number of features to its users, including the best and most secure payment options. It has more than 5700 agent locations around the globe, which facilitates the transfer process. 

Other than this, you can check the real-time exchange rate on the app for transactions and save the details of the recipient for repeat transfers. 

• Xoom 

Xoom is a money transfer platform supported by PayPal. It is a US-based multinational financial technology company that can help with the online payment process in around 130 countries. 

By using this platform, you can access the payment features via the website and application. The main focus of this platform is to ensure secure and fastest money transfers internationally. 

The speed of this money transfer service is competitive. However, the limit for money transfers is very low, which can impact the business’s or user’s ability to pay bills. 

• Remitly

Remitly is an online money transfer service that takes care of remittances globally. This company is located in the USA, and all online processes are managed at the headquarters. 

This money transfer service comes with the aim of helping immigrants send back funds to their families securely. For this purpose, Remitly has partnered its services across the globe to achieve this aim.

 However, the speed of money transactions using this platform is around 4 to 5 hours, depending on the amount you are sending.

• OFX

With the experience of more than 2 decades, OFX is another financial service provider regulated by the Australian Securities and Investments Commission. 

This platform facilitates global money transfers to make secure and timely transactions online. The main feature of this platform includes the conversion of more than 50 currencies for 170 countries. 

 Other than this, it offers a secure rate for up to 12 months for money transfer services. 

• WorldRemit 

WorldRemit is another authorized and trusted money transfer app with 144 Payout partners. Its main goal is to help users send money in a stress-free way to their loved ones. With this mission, this platform is already assisting 5 million customers to transfer funds worldwide. 

WorldRemit can deal with around 130 countries and exchange currency for 70 different currencies across the globe. You can track transfers and check the history as well with a few simple clicks.