Money transfer services

Comparison of the best money transfer services available in the USA.

By   |   Verified by Nikita Sheth   |   Updated Dec. 8, 2022

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Comparing money transfer services

Revolut

On website

Featured

Revolut

Minimum Transfer Amount

$1.00

Transfer Speed

Within 30 minutes

Transfer Fee

$0.00

Highlights

  • Get a $10 bonus when you sign up.
  • Unlock 10 zero-fee international transfers, every month
  • Wire internationally at excellent exchange rates within 30 minutes
  • Trusted by over 20 million users worldwide

Pros

  • The standard account has no monthly fees.
  • Top-up and hold account balances in various currencies.
  • Lots of different additional features are available, such as crypto trading and disposable virtual cards.
  • Has a well-designed mobile app.

Cons

  • Monthly fees apply to certain types of accounts.
  • You may experience delays when sending money internationally.
MoneyGram

On website

MoneyGram

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • Sign up today, make just one money transfer and receive 20% off the fee on your next.
  • $0 fees on your first online international transfer. Terms and Conditions apply.
  • Wire internationally at excellent exchange rates.
  • There are no hidden fees. You know exactly what you’re sending and receiving.

Pros

  • Vast network and accessible branches worldwide.
  • Same-day transfers to select bank accounts.
  • Multiple deposits and pick-up options.

Cons

  • Higher fees compared to other money transfer services.
PayPal

On website

PayPal

Minimum Transfer Amount

$1.00

Transfer Speed

Real-time

Transfer Fee

$0.00

Highlights

  • Send money in seconds. Do more with friends – send money, split bills, and pool funds from PayPal friends quickly and easily, with just a mobile number or email address.
  • Get instant spend notifications, so you can easily keep track of all your online hauls.
  • With the PayPal app, the only thing you need to touch when you pay in person is your own phone.

Pros

  • Easy and convenient to use.
  • PayPal is widely accepted.
  • Secure way of transferring money.
  • Access to other features such as cashback, rewards, and more.

Cons

  • Fees are relatively higher compared to other money transfer services.
  • Extended waiting time when withdrawing funds through a bank account.
Currencies Direct

On website

Currencies Direct

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • International money transfers. Use Spot Contracts to transfer funds as quickly as possible. Existing Currencies Direct exchange rates apply. No transfer fees apply.
  • Multiple currency wallets. Carry balances in your account in multiple currencies.
  • Forward contracts. This allows you to lock existing rates for up to one year by paying a small deposit.

Pros

  • Transfer funds to 120+ countries in 40+ currencies.
  • No transfer fees.
  • Get a dedicated account manager.

Cons

  • No cash pick-up option.
Remitly

On website

Remitly

Minimum Transfer Amount

$10.00

Transfer Speed

Within an hour

Transfer Fee

$2.99

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
Xe Money Transfer

On website

Xe Money Transfer

Minimum Transfer Amount

$0.00

Transfer Speed

N/A

Transfer Fee

$0.00

Highlights

  • Send money to 220+ countries and territories.
  • Xe rates are consistently some of the best in the business and trusted by millions.
  • With millions of transfers under its belt last year, Xe knows how to ensure your money and information are treated accordingly.

Pros

  • No transfer fee.
  • No minimum transfer amount is required.
  • No transfer limit.
  • Good customer support.

Cons

  • Limited currencies.
  • Bank transfers only.
Airwallex

On website

Airwallex

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Spend less on FX fees and more on growth.
  • Make payments in 31 currencies, into over 130 countries and counting.
  • You always get access to Airwallex's best rates, no matter the transaction volume.

Pros

  • Create an account in just a few minutes.
  • No international transfer transaction fee.
  • Favorable currency exchange rates.
  • Quick transfers.

Cons

  • Limited transfer methods.
  • Fewer transfer currencies are available than some competing services.
Instarem

On website

Instarem

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$1.00

Highlights

  • Use the promo code FINTY and get a $20 bonus on your first transfer. Terms and Conditions apply.
  • Send money and earn points.
  • Enjoy low fees, and great FX rates. No hidden charges.
  • Transfer money to 55+ countries.

Pros

  • Transfer fees are between 0.25% to 1%.
  • Earn loyalty points.
  • Dedicated customer support.
  • Mobile apps.

Cons

  • There is no cash pick-up option.
Wise

Wise

Minimum Transfer Amount

$0.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Transfer funds with no hidden fees, no bad exchange rates and no surprises.
  • Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Get help when and where you need it with Wise's global support team.
  • Your money is safe. Wise is registered with the Financial Crimes Enforcement Network (FinCEN) and renews its registration annually.

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
Azimo

Azimo

Minimum Transfer Amount

$1.00

Transfer Speed

1 - 2 days

Transfer Fee

$1.99

Highlights

  • Instant or one-hour transfers possible to 80+ countries.
  • Your first two transfers are fee-free.
  • Great rates & low fees.
  • Save up to 90% compared to banks and traditional money transfer providers.

Pros

  • No minimum amount is required.
  • Bank transfer or cash pick-up options are available.
  • Instant transfer.
  • Easy-to-use app.

Cons

  • High credit card transaction fee.
  • No phone support.
torfx

torfx

Minimum Transfer Amount

$200.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Provide clients with excellent foreign exchange rates.
  • Manage your international currency payments for free, with no hidden fees.
  • A personal Account Manager is on hand to ensure a fast, seamless transfer.

Pros

  • No transfer fee.
  • Competitive exchange rates.
  • Wide range of currencies and destination countries.
  • Phone and email support are available.

Cons

  • Minimum transfer amount is $200.
  • Only accepts bank transfers.
  • Transactions under $2,000 can be expensive.
WorldFirst

WorldFirst

Minimum Transfer Amount

$1,000.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • With no hidden fees, you can set-up an account for FREE and benefit from single rate, transparent tiered pricing with a value of up to 50% less than the competitors and 8 times cheaper than the banks.
  • Built with intuitive same-day account opening you can also make same-day payments in 30 different currencies.
  • Make transfers online 24/7 or over the phone via your dedicated currency specialist.

Pros

  • Transparent and competitive fees.
  • Margins of 0.60% or less.
  • Wide range of products and services.
  • Dependable customer support.

Cons

  • The minimum transfer amount is $2,000.
  • No options for cash pickups or mobile transfers.
OFX

OFX

Minimum Transfer Amount

$250.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Enjoy better rates and fees.
  • Transfers to most countries take 1-2 business days. Track your transfer online or with the OFX mobile app.
  • With support staff that are located in the USA, UK, Australia, Canada, New Zealand, Hong Kong and Singapore.

Pros

  • Easy and quick account opening.
  • Wide range of supported currencies and countries.
  • No fees if transferring more than $10,000.
  • Enjoy additional features for business transfers.

Cons

  • Limited payment options.
  • $15 fee if transferring less than $10,000.
Skrill

Skrill

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • Send money online and take advantage of some of the best rates around.
  • Send money to an email address. You can choose from 40 different currencies and the money will be available instantly.
  • Download the Skrill app and transfer money to friends and family, anytime and anywhere.

Pros

  • Choose between Personal and Business accounts.
  • You can get a Skrill card.
  • Earn rewards.
  • Mobile apps.

Cons

  • Limited customer service access.
Western Union

Western Union

Minimum Transfer Amount

$1.00

Transfer Speed

Real-time

Transfer Fee

$0.00

Highlights

  • Send money the way that’s convenient for you: online, via the app, or in person at an agent location.
  • Send money in minutes for fast cash pickup and easily track your money along the way.
  • Western Union handle an average of 25 transfers per second and move money from USA to over 200 countries and territories.

Pros

  • Reputable company with plenty of physical branches around the world.
  • Lots of options for payment method and pick-up method.
  • Regulated by ASIC and FinCEN.
  • 24/7 customer service.

Cons

  • High fees compared to other money transfer services.
Payoneer

Payoneer

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Eliminate international wire transfer costs so you keep more of what you earn.
  • Get paid in multiple currencies from international marketplaces.
  • Gives customers a simple way to pay in a currency that suits them.

Pros

  • Transfer money to 200+ countries.
  • No fee when you transfer to another Payoneer account.
  • Fast money transfer process.
  • Has a virtual card.

Cons

  • Different types of fees may apply to your transaction.
  • High card transaction fees.
Xoom

Xoom

Minimum Transfer Amount

$0.00

Transfer Speed

Real-time

Transfer Fee

$0.00

Highlights

  • Make bank deposits in the United States, including Bank of America, Chase, Wells Fargo, and Citibank. Or send money for cash pickup to more than 5,000 convenient Walmart and Ria locations.
  • Conveniently send money and track transactions right from your phone with the Xoom mobile app.
  • For existing PayPal account holders, start sending money right now with your PayPal payment options.

Pros

  • User-friendly interface.
  • A convenient and secure way of transferring money.
  • Has a large number of existing users and is widely accepted.

Cons

  • International transfers can be extremely expensive. 
  • Business account fees apply.
WorldRemit

WorldRemit

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • Send 70 currencies to 130 countries, from your smartphone or computer.
  • WorldRemit uses industry-leading technology that protects your money and guarantees it arrives safely every time.
  • See WorldRemit's low fees and their best exchange rates upfront, with no hidden costs.

Pros

  • Low transfer fees.
  • No minimum transfer amount is required.
  • Multiple payment options.
  • Cash pick-up, cash delivery, and Airtime mobile phone top-up are available.

Cons

  • Transaction limit of $5,000 for some payment methods.
  • Fees depend on the method and currency you choose.
CurrencyFair

CurrencyFair

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Send and receive money to and from 150+ countries in 20+ currencies.
  • Get same-day transfers on most major currencies.
  • Exchange currencies immediately at bank-beating rates or choose your own rate and wait for a match on CurrencyFair's unique peer-to-peer marketplace.

Pros

  • Competitive fees.
  • No minimum transfer is required.
  • Mobile apps.

Cons

  • Limited receiving options are available.
  • You can only get guaranteed exchange rates if you have funds in your CurrencyFair account.
AMEX FX International Payments

AMEX FX International Payments

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • Simple Online Enrollment.
  • 24-hour access to FX payment specialists, Monday to Friday.
  • Transfer to 110+ countries and 80+ currencies.
  • Receive Membership Rewards points, if enrolled (Terms and Conditions apply).

Pros

  • Supports a wide range of currencies and countries.
  • Offers different transfer options.
  • Earn rewards.

Cons

  • Other service providers may offer higher exchange rates.