![]() As of the writing of this article, if you want to send U.S. The provider charges a variable - but very competitive - transaction fee, which you can quantify using TransferWise’s own calculator. ![]() Transactions will take one to three days to complete. With TransferWise, you can send money to family members and friends as well as businesses based in more than 40 countries around the world. The only drawback is the minimum transfer amount of $1,000.īottom line: OFX may be your best option if you want to send at least several thousand dollars overseas. Instead, OFX takes a competitive margin on currency exchange rates, which is usually less than 2%. In addition, there are no transaction fees. You can even lock in rates for future transfers. You can transfer as much as you want and also use the app to track all your activities, monitor exchange rates and set rate alerts. OFX’s mobile app allows you to send money to more than 190 countries and in 55 different currencies within one to two days. These are some of the best apps I found for sending money overseas: OFX What if one of your kids is studying abroad or you have relatives overseas who you want to support financially? In this case, you need a mobile app that not only allows you to safely send money to specific countries, but also exchange it into the desired currency and at an acceptable rate. PayPal, for example, offers a purchase protection Venmo does not. This is because you may not be able to retrieve your money in the event something goes awry. Generally speaking, peer-to-peer apps are not ideal for sending money to strangers. For international transfers, this often involves credit unions. This is why it's important to rely on a reputable bank or provider that tracks funds through the whole process. and plan to send money to, for example, Croatia, you want to have the guarantee that all your money is safe while being transferred and will actually be credited to the bank account or e-wallet of the intended recipient.
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