Cash App International Money Transfer Alternatives

Send money overseas with WorldRemit to take advantage of bank-beating exchange rates

Published Jan 13, 2023

By RemitFinder

Is Cash App International?

What are the Best Cash App Alternatives for International Money Transfers?

Conclusion

Cash App is a mobile payment service that allows you to make payments to others via the Cash App mobile app. Cash App can be used domestically within the United States as well as in the United Kingdom.

You can, therefore, send money from US to UK as well as from UK to US using Cash App as long as your recipient also has a Cash App account. However, you cannot use Cash App to send money internationally anywhere else.

In this blog post, we will explore some good alternatives to Cash App for international money transfers. In addition, we will also examine how Cash App works, who can use it, and what fees are associated with transfers.

An image of a person holding a mobile phone with an app loaded on it with the title - Cash App International Money Transfer Alternatives

What is Cash App?

Cash App was launched in October 2013 by Square, Inc. (now Block, Inc.) as Square Cash first. Later, the name was changed to the currently popular Cash App.

Today, Cash App is a highly popular mobile payment and money management ecosystem based out of San Francisco, California, US.

From sending money to others, receiving payments, banking services, investments in Bitcoin as well as stocks, and even paying taxes, Cash App aims to provide a gamut of useful payment and financial services to its customers.

Currently, Cash App is available in the United States and the United Kingdom. So, if you are a US or UK resident, you can download the Cash App mobile app on your phone and take advantage of their services.

What Services does Cash App Provide?

Cash App provides customers with several useful services as listed below.

Sending and receiving money: The biggest advantage of Cash App is that you can use it to pay anyone easily and quickly. There are several ways you can pay others on Cash App – this includes via their phone number, email or $Cashtag. Additionally, you can also scan their QR code from within the Cash App mobile app and use that to send them money.
Banking services: You can order a Cash Card linked to your Cash App account and use it as a Debit Card for purchases as well as cash withdrawals at ATMs. You can fully customize your Cash App Cash Card design to your needs thereby giving it your personal touch. Additionally, you can get your salary deposited into your account, deposit cash as well as save your money in your Cash App account.
Offers and discounts: Your Cash App Cash Card comes with numerous instant discounts and promotions at various merchants, shops and stores both online as well as in person. You can also make seamless purchases at various places using your Cash App mobile app.
Invest in Bitcoin: With Cash App, you can invest in Bitcoin in small amounts and change using your Cash Card or linked account balance. You can also send and receive Bitcoin to and from others. Your Bitcoins are safe in Cash App as it uses a secure, cold storage to save your coins.
Invest in stock market: You can use your Cash App account to also invest in stocks of the companies you select. There are no limits to how much or how little money you want to put in for your stock purchases. Another advantage is that Cash App does not charge a fee for investing in stocks.

You can use Cash App to send and receive money, as well as to make purchases, bank, invest in stocks and buy Bitcoin.

How can I Send and Receive Money with Cash App?

You can send money to anyone easily using Cash App. Below are the 4 ways in which you can send money to others within Cash App:

Send using the recipient's email address
Send using the receiver's phone number
Send via the recipient's $Cashtag
Send by scanning the QR Code of the recipient's Cash App mobile app

You can send money via Cash App to a recipient's email address, phone number, $Cashtag or by scanning their QR Code.

One you have identified the recipient using one of the above methods, it is very easy to send money via Cash App. Simply enter the amount you want to send and a payment reason, and you are done.

How to send money internationally with Cash App

What is a $Cashtag and how does it work?

One of the ways you can send money to someone using Cash App is by looking them up via their $Cashtag.

A $Cashtag is a globally unique identifier for a Cash App user. Since both individuals as well as business can use Cash App, a $Cashtag represents a person or a business within the Cash App ecosystem.

In other words, you can think of $Cashtag as a unique fingerprint for a Cash App individual or business user that helps to identify them unambiguously. This uniqueness ensures that you can safely send money to anyone without risk as long as you know their $Cashtag.

A $Cashtag is a unique identifier for a Cash App user or business, and can be used to send money to them.

In fact, when you choose a $Cashtag in Cash App, you get your own personal Cash App URL of https://cash.app/$yourcashtag.

This URL is your own personal link in the Cash App system, and can be shared with family and friends. Anyone who wants to send you money or make a payment into your Cash App account can do so by accessing your personal Cash App URL.

How can I claim a $Cashtag in Cash App?

You can claim a new $Cashtag in Cash App anytime. Below are the conditions that your $Cashtag must satisfy to be valid:

Your $Cashtag must be unique and not taken up by someone else already.
Your $Cashtag must include at least 1 letter.
Your $Cashtag must not be longer than 20 characters.

We recommend claiming your unique $Cashtag so it is easier for others to send money and payments to you.

As long as the above criteria are met, you can create a new $Cashtag and share it with your friends and customers to receive money and payments from them within Cash App.

Is Cash App International?

You may be wondering if you can use Cash App to send money internationally.

Since Cash App is available within the US and the UK, you can send money from US to UK as well as from UK to US using Cash App.

Below are some noteworthy points about sending money from US and UK internationally with Cash App.

How can I send money internationally with Cash App?

If you are a Cash App user in the US or UK, you can send international money transfers between both countries using Cash App.

To send an international payment with Cash App, simply follow the same procedure as you do with local or domestic payments. Simply look up your recipient in Cash App by using their email address, phone number or $Cashtag, and send money.

Where can I send money internationally with Cash App?

Since Cash App is only available within the United States and the United Kingdom, you can send money internationally in-between both countries only.

With Cash App, you can send money internationally in-between US and UK only.

If you need to send money internationally to other destinations, there are several great alternatives that we will present later in this article.

How much money can I send money internationally with Cash App?

Cash App has limits to how much money you can send or receive. These are as below:

You can send up to USD 250 in a 7 day period.
You can receive up to USD 1,000 in a 30 day period.

If you need to send or receive more than the above limits, you will need to verify your identity within Cash App by providing your full name, date of birth and last 4 digits of your Social Security Number.

What are the fees to send money internationally with Cash App?

Currently, there are no fees to send money internationally with Cash App from the US to UK and vice versa.

What exchange rate do I get when I send money internationally with Cash App?

Cash App will use the interbank exchange rate to send money internationally between the US and UK.

The interbank exchange rate is also called the mid-market exchange rate, and is a wholesale exchange rate used by major financial institutions to move large sums of money amongst themselves.

In that regard, you will get a very good exchange rate when you send money with Cash App internationally. Cash App will also display the exchange rate that will be applied to your international money transfer before you submit your payment.

You will pay 0 fees and get the mid-market exchange rate when you send money overseas with Cash App.

How fast will my recipient get funds when I send money internationally with Cash App?

Most Cash App money transfers finish instantly. If that is not the case, you may need to take some action to resolve the issue which may have caused the payment to be stuck in pending state.

Is Cash App a good choice to send money internationally?

As long as you send and receive money in-between the US and UK, Cash App is a very good way to send and receive international payments. This is because of the reasons below:

Convenience: Cash App is a very convenient and easy to use. Simply look up your recipient by their email address, phone number or $Cashtag, and send money to them in just a few clicks.
Great exchange rates: Cash App uses the mid-market exchange rate for international transfers. This exchange rate is generally higher than retail exchange rates. This means your recipient will get more funds for every US Dollar or UK Pound you send.
0 fees: There are no fees to send money internationally with Cash App.
Instant transfers: Most Cash App transfers finish instantly. If your recipient in the US or UK needs money fast, Cash App can be a great way to send them money.

Cash App is a great way to send money internationally between US and UK due to high exchange rates, low fees and instant transfer speed.

Are there are limitations when sending money internationally with Cash App?

Even though Cash App is a very cost effective and convenient way to send money internationally, there are several limitations that may render it unusable for your international remittance needs.

Below are the top limitations of Cash App when it comes to sending money abroad:

Cash App only works in US and UK: With Cash App, you can only do international money transfers between US and UK. If you reside in countries except US and UK, you cannot even use Cash App there.
US and UK users cannot send money elsewhere: Even though Cash App is available in both US and UK, you cannot send money using it to other countries in the world. For example, if you wanted to send money to India from US, or to Pakistan from UK, you cannot use Cash App to do so.
You cannot send money to yourself: If you are an expat living in the US or UK, you may need to send money to your own account in your home country. You cannot do this with Cash App since your Cash App account is either in the US or UK. The only way to work around this is if you have mobile numbers and separate Cash App accounts in each country.
You can only send small amounts: Be default, you can only send up to USD 250 in a 7 day period, and receive up to USD 1,000 in a 30 day period. You can, however, increase those limits by verifying your Cash App account.

There are several limitations for sending money internationally with Cash App. Explore many good alternatives.

Given these Cash App international money transfer limitations, you may want to explore some good Cash App alternatives for sending money abroad.

In the rest of this article, we present some popular Cash App international money transfer alternatives. Read on to learn what they are.

What are the Best Cash App Alternatives for International Money Transfers?

As you are aware by now, Cash App can only be used for international money transfers in-between the US and UK. You cannot use Cash App to send money overseas to any other countries.

If you need to send money abroad anywhere else in the world, you will need an alternative to Cash App. Below, we provide our top picks for the best international money transfer apps that you can use to send money overseas.

Revolut

Revolut is one of the most robust financial ecosystems out there providing a gamut of financial services and products to its global customer base.

This includes online banking, seamless card payments and international money transfers all accessible in a well built and secure platform which is in your hands with the Revolut app.

You can do a lot more with your Revolut app on top of banking and sending international money transfers. For example, you can save your money and earn interest on it, tap numerous rewards and offers, make investments and even make gifts and donations.

Here are the best reasons to use Revolut for your next international money transfer:

Send money worldwide to more than 150 countries from 35 source countries in over 40 global currencies.
Highly competitive exchange rates that put more money in your overseas recipient's pocket.
Very high transfer limits for international money transfers that make Revolut ideal for large overseas purchases or investments.
Lightning fast money transfers, most of which finish within seconds or minutes.
Wide variety of flexible payment and delivery options available.
Numerous exclusive promotions and offers for RemitFinder users. These help you get even more value for your money.

WorldRemit

Offering more than 12 years' experience in international money transfers, WorldRemit is our next choice for the top Cash App alternatives for sending money abroad.

Today, WorldRemit is recognized as a global money transfer brand that connects customers across continents by helping them send fast, cost-effective and convenient international remittances.

WorldRemit moves more than USD 10 billion annually for its vast and global consumer base, and you certainly cannot go wrong with them. With thousands of employees all over the world, WorldRemit caters to both individual as well as business money transfers.

Here are the top advantages of using WorldRemit for your next money transfer:

Truly global coverage with more than 6500 country combinations supported.
Fast international money transfers with transactions times as quick as instant to 1-2 business days for non-instant transfers.
Wide variety of payment and delivery methods to choose from, including cheaper local payment methods in many countries.
Good customer ratings on Trustpilot as well as mobile app stores.
Feature rich WorldRemit mobile app that you can use anywhere, anytime.
Various deals and promotions for RemitFinder customers that help to further maximize your money transfers.

XE Money Transfer

XE is a veteran in the international currency exchange business and needs no introduction. With more than 20 years in the foreign exchange domain, XE is a reliable, secure and cost-effective money transfer company.

It is, therefore, no surprise that XE is on our list of the top Cash App alternatives for international money transfers.

In addition to sending money overseas, you can also take advantage of many other useful XE foreign exchange products like their currency converter, currency data API, historical currency data and foreign exchange market analysis.

Below are the best reasons to choose XE for your international money transfer needs:

Comprehensive global coverage whereby you can send money to more than 130 countries in over 98 currencies.
Competitive exchange rates and 0 fees once you send more than minimum thresholds to avoid transfer fees altogether.
No sending limits on how much money you can send overseas.
Quick money transfers that finish within minutes, or within 1-4 business days.
Cash pickup now supported from the XE mobile app for picking up money overseas in more than 500,000 locations.
Exclusive deals and promotions for RemitFinder users helping you make the most of your money transfers.

Instarem

Instarem started in 2014 and has been growing by leaps and bounds ever since then. Based out of Singapore, Instarem is today recognized as a popular global brand for international money transfers.

Since 2019, Instarem has been part of the larger Nium financial platform that enables customers to take advantage of Nium's varied financial services to send, receive and spend money and payments.

With a few rounds of funding from popular global investors under its belt, Instarem is on a mission to continue to make international money transfers and payments easier and cost-effective for one and all.

Key benefits of using Instarem for international money transfers include:

Global currency and corridor support whereby you can send money to more than 50 countries in all major popular currencies.
Highly competitive exchange rates and low, transparent fees.
No transfer limits to most supported destination countries.
Very fast transaction times whereby many transactions finish instantly and the rest within 4 business days.
Many flexible payment and delivery methods available, including local payment methods in some countries.
Very attractive and exclusive discounts for RemitFinder users as part of Instarem and RemitFinder joint offering to help you save the most on your money transfers.

Wise (formerly TransferWise)

The next global brand on our list of the top Cash App alternatives for international money transfers is Wise. Formerly called TransferWise, Wise has been expanding rapidly globally and is a well-known global money transfer operator.

Wise was founded in 2011, and went on to become a publicly traded company in 2021 with a GBP 8 billion valuation. This made Wise the largest ever technology company IPO on the London Stock Exchange.

Wise caters to both individual and business international money transfers, and provides many additional useful products like the Wise Multi-Currency Card to help the global traveler with seamless overseas money transfers.

Major benefits to use Wise for international remittances include the below:

Wide international corridor support with many of the worlds popular currencies and countries supported.
Highly competitive exchange rates that are close to the mid-market exchange rate, and transparent fees.
Wise Multi-Currency Account caters to the needs of international travelers by handling multiple currencies in the same account.
Great ratings and review on both Trustpilot and the Google Play Store as well as the Apple App Store.
Customized solutions for both individual as well as business customers.
Strong focus on security and safety of your money as well as personal information.

Remitly

Remitly was founded in 2011, and ever since then, the company has grown rapidly to become a major player in the global money transfer space. Headquartered in Seattle, Washington, USA, Remitly is recognized as a major global brand nowadays.

Remitly went public in September, 2021 with a USD 7 billion valuation IPO on Nasdaq. It continues to increase its global footprint by continuously adding support for new countries and currencies.

With an easy to use mobile app and website, Remitly is popular amongst customers and frequently gets very good ratings and reviews from customers. This indicates its popularity amongst the international expat and immigrant community as a well-liked money transfer company.

Major advantages of using Remitly for sending money abroad include:

Support for thousands of country combinations across the world, with new countries getting added all the time.
Competitive exchange rates and transparent fees so you never get surprised.
Membership tiers and levels whereby you can provide more documentation to graduate to higher tiers which allow you to send higher amounts overseas.
2 money transfer speed called Express and Economy to choose from. Use Express to send money within minutes for a small fee, or Economy to send for free within 3-5 business days.
Versatile support for payment and delivery methods including local payment methods in some countries.
Exclusive promotions for RemitFinder customers – a great way for you to save even more on your Remitly money transfers.

Panda Remit

The next money transfer operator on our list of the best Cash App alternatives for international payments is Panda Remit.

Panda Remit started out in Hong Kong in 2018 and is owned by Wo Transfer (HK) Limited. Since inception, the company has rapidly expanded to become a competitive and cost-effective money transfer company in the international remittance ecosystem.

Panda Remit's mission is to make international money transfers cheap, quick and easy for global communities living overseas across the world.

Major benefits of Panda Remit for international remittances include the below:

Support for about 1,000 country combinations with major global currencies supported from numerous countries.
Very competitive exchange rates that are close to mid-market exchange rates.
0 fees for RemitFinder customers – this lets you save lots on your international money transfers with Panda Remit.
No transfer limits to how much money you send overseas.
Most transactions process within 2 minutes, and the rest within 1-3 business days.
Exclusive cash back and other attractive discounts for RemitFinder users as part of ongoing promotions.

This concludes our list of the top Cash App alternatives for international money transfers.

If you wish to explore even more money transfer providers, check out our remittance comparison platform. We compare numerous remittance companies and provide in-depth reviews on their services so you can compare pros and cons of various providers without having to manually search them.

Additionally, you can also take advantage of numerous exclusive offers, discounts and promotions from money transfer companies on RemitFinder. Many of these coupons are only reserved for RemitFinder customers to help you save more on your international money transfers.

Conclusion

Cash App is popular payment and money transfer platform that makes it easy to send payments to friends and family.

However, when it comes to sending money internationally, Cash App only supports international money transfers between the US and UK. Even though it's a great option for sending money between both countries, you can only send small amounts. There are also other limitations in place.

If you need to send money to other countries, or are looking for greater flexibility and choice, check out good Cash App alternatives for international money transfers. Many of these companies are established and trusted global brands that help you move money overseas in cost-effective ways.