The Absolute Best Ways to Send Money Overseas from the US

Table of Contents

• The Best Ways to Send Money from the United States to Other Countries
• XE Money Transfer
• What are the key advantages of using XE to send money overseas?
• Instarem
• What are the key advantages of using Instarem to send money overseas?
• Wise (formerly TransferWise)
• What are the key advantages of using Wise to send money overseas?
• WorldRemit
• What are the key advantages of using WorldRemit to send money overseas?
• Panda Remit
• What are the key advantages of using Panda Remit to send money overseas?
• How to Avoid Hidden Money Transfer Fees?
• Check the Official Mid-market Exchange Rate
• Look for a Correspondent Bank Fee
• Pay Attention to the Recipient Fee
• Do You Need To Find the Best Remit Exchange Rate for Sending Money Internationally?

When you need to send money overseas, it's important to choose the right method. There are many different ways to do this and some are better than others.

In this article, we will discuss the best ways to send money overseas from the United States. We will update this list as new methods become available, so be sure to check back often!

The Best Ways to Send Money from the United States to Other Countries

In today's global economy, it's not uncommon for people to need to send money overseas. Whether you're paying rent to a friend in Europe or sending money home to family in another country, there are several ways to do it. The best way to send money overseas will vary depending on how much you're sending, where you're sending it, and how quickly you need it to arrive.

Here are the best ways to send money from the United States to other countries.

XE Money Transfer

If you're looking for a reliable way to send money overseas, XE is a great option. With more than 100,000 customers worldwide, XE has built a strong reputation as a safe and efficient way to send money.

One of the best things about XE is that they have very competitive rates. They often have some of the lowest fees in the industry. They also offer a variety of ways to send money, so you can choose the option that best suits your needs. Another great thing about XE is that they offer 24/7 customer support. If you ever have any questions or problems, you can be sure that someone will be there to help you out.

XE also offers a variety of convenient ways to pay for your transfer, including credit cards, debit cards, bank accounts and wire transfers. And if you need to track your transfer, XE provides real-time tracking so you can always see where your money is. Plus, XE offers a 100% satisfaction guarantee. So, if you're not happy with your transfer for any reason, they'll refund your money.

Overall, XE is a great choice if you're looking for a safe, reliable, and affordable way to send money overseas.

What are the key advantages of using XE to send money overseas?

Here is a summary of the biggest advantages to use XE Money Transfer for your international remittance needs.

• More than 25 years of experience in the foreign currency exchange and money transfer business
• Comprehensive support with 98 global currencies and more than 130 countries on their platform
• Highly competitive exchange rates – plus you can send money with 0 fee if you send above minimum thresholds
• No upper limits on the money you can send overseas
• Your money moves overseas quickly – most transfers finish within minutes, and the rest in 1-4 business days
• Pay for your money transfer in many flexible ways, including local payment methods in some countries
• Well rated on many rating and review platforms – users seems to like their money transfer service

Instarem

In operation since January 2014, Instarem is a fintech startup and one of the fastest growing money transfer companies in the world. They operate in hundreds of global remittance corridors, so you're likely to find your country supported no matter where you are.

You can send money online using their website or mobile apps. Sending money with Instarem is easy - you'll need to create an account and provide your recipient's name, address, and country. You can then pay with your bank account, debit card, or credit card. Fees vary depending on how you pay and how fast you want your money to arrive. Most money transfers are instant, and the rest process within four business. Instarem, thus, can be a great option if you need to send money overseas quickly.

One thing to keep in mind is that Instarem doesn't always physical locations or branches. If you're looking to walk into an office and work with someone in person to send money overseas, you might want to look at a few other companies and pick one that allows you to send money in person.

Instarem is a great choice if you need to send money overseas quickly. You also get lower transfer fees and generally better exchange rates when you make your transfer with them.

What are the key advantages of using Instarem to send money overseas?

Below we summarize why Instarem could be a great fit for your international money transfers.

• Support for numerous popular sending currencies and more than 50 receiving countries
• Competitive exchange rates and transfer fees between 0.25-1.00 percent
• High sending limits (no limits for many countries)
• Instant money transfers – 4 business days when transfers cannot be completed right away
• Numerous flexible payment as well as delivery methods to choose from
• Attractive coupons and deals that further help save money
• Rewards program for repeat transfers – the more you send, the more you save

Wise (formerly TransferWise)

Wise (formerly TransferWise) is one of the most popular ways to send money overseas. They offer a low-cost, convenient way to send money abroad. It is a great option for those who need to send large amounts of money overseas frequently. With Wise, you can send money to more than 60 countries worldwide.

To use Wise, simply create an account and then link your bank account. From there, you can choose the amount of money you want to send and the recipient's country. The exchange rate is displayed upfront so there are no hidden fees.

One huge advantage of Wise is that they offer very high exchange rates (very close to the interbank exchange rates). That said, they tend to charge a percentage fee, so if you are sending a large amount of money abroad, the fees can quickly stack up. Watch out for that, and choose other options if you want to send a lot of money in one transaction.

Wise went public last year, so you are certainly in safe and trusted hands with them. As a public company, Wise complies with strict legal and regulatory requirements, so both your money and confidential information are safe with them. Plus, their 24-hour customer support is always there to answer any questions you may have or any issues you face during your money transfer with them.

What are the key advantages of using Wise to send money overseas?

There are many advantages to rely on Wise for international money transfers; we summarize the main ones below.

• High exchange rates that are very close to interbank exchange rates – keep an eye on fee though as Wise charges a percentage based fee which can be high when sending larger amounts
• No hidden fees – full transparency on what you will pay
• Multi-currency account provides flexibility when traveling overseas, especially for frequent international travel needs
• Send money to more than 80 countries worldwide in more than 53 currencies
• Public company that enforces strict security measures to keep your money and information safe at all times
• Instant money transfers in many cases, or within 1 business day for most transfers
• Many payment methods supported so you can fund your transfer flexibly based on your preference

WorldRemit

WorldRemit is one of the most popular money transfer services available and for good reason. They make it easy to send money to more than 140 countries worldwide with low fees, fast transfers, and great customer service. You can send money online or through their mobile app.

To get started, you'll need to create a free account and then enter your recipient's information along with how much you want to send. WorldRemit will give you a few options for how to pay, including bank transfer, debit or credit card, or Apple Pay.

Once you've made your payment, the funds will be sent instantly. Your recipient can then choose how they would like to receive the money, which includes bank deposit, cash pickup, mobile airtime top-up, or mobile money.

Another great thing about WorldRemit is that they have a very user-friendly mobile app that makes it easy to send money on the go. The app is available for iOS and Android devices. Overall, WorldRemit is a great choice for those looking for an easy and convenient way to send money overseas.

WorldRemit's fees are very reasonable, starting with a free option. Their transfer speed is also instant, so you won't have to worry about your money taking a long time to reach your recipient. Additionally, since they offer service to more than 140 countries worldwide, chances are good that they can accommodate your needs.

Finally, their ease of use gets a 5 out of 5 rating, so you can be confident that even if you're not tech-savvy, you'll still be able to use their service without any problems. Overall, WorldRemit is highly recommended as a great option for sending money overseas.

What are the key advantages of using WorldRemit to send money overseas?

Below we present bullet points on why WorldRemit could be a great choice for your next international money transfer.

• Robust corridor support with 6500 supported country combinations – 50 sending countries and 130 receiving countries
• Extremely fast money transfers – most transfers are instant, and the rest finish within 1-2 business days
• Support for many payment methods, particularly local payment methods in many countries – local payment methods tend to be cheaper
• Many flexible ways to pay your recipient overseas
• Regulated and authorized money transfer provider – your money and information is safe with them
• Very good ratings and reviews – it seems like customers love their products and services
• More than a decade of experience in international money transfers

Panda Remit

Panda Remit is another new fintech money transfer company that offers quick, convenient, and reliable money transfer services. Panda Remit was established in Honk Kong in 2018, and has been increasing its global footprint rapidly. In just 4 years, the company has rapidly expanded to cover 400 global corridors. From the US, you can send money to over 40 countries with Panda Remit.

To send money with Panda Remit, you can use their website or app as they do not have physical offices or locations. To send money online, you'll need to create a free account and then enter the recipient's information, including their name, address, and country. You'll also need to choose how you'd like to pay for the transfer — with a bank account, debit card, or ATM transfer, and how you'd like the recipient to receive the funds: through a bank account deposit, debit card, or mobile wallet.

Once you've entered all the required information, you'll be able to review and confirm the transaction before sending the money. Panda Remit typically processes transactions within 2 minutes, though it may take up to 1-3 business days for the recipient to receive the funds depending on how they choose to receive them.

One of the great things about Panda Remit is that it offers low fees and very competitive exchange rates. Panda Remit also offers numerous coupons and promotions exclusively for RemitFinder customers, making it an even cheaper option for just about anyone.

What are the key advantages of using Panda Remit to send money overseas?

As a rapidly growing fintech startup, Panda Remit offers many advantages. Below we summarize them to help you decide if Panda Remit could be a good choice for your international money transfers.

• Rapidly growing fintech startup focused on making international money transfers cheap, quick and easy
• Fully digital company with no branches or offices; this helps keep operational costs low and pass on savings to customers
• Support for about 500 country combinations with rapid global expansion plans to support many more in the future
• Extremely competitive exchange rates that are very close to interbank exchange rates
• Low fees that are also waived for new customers
• No limits to how much money you can send overseas (barring government regulations and legal requirements in some countries)
• Many transfers finish in 2 minutes, else in 1-3 business days
• Numerous attractive awards and deals available to help you save even more on your money transfers

How to Avoid Hidden Money Transfer Fees?

When you send money overseas, there are a few things you should look out for to avoid hidden fees. First, check with your bank to see if they charge any fees for international transfers. Next, find out if the recipient's bank charges any fees.

Finally, check with the money transfer service you're using to see if they charge any fees. Here are a few tips to help you avoid hidden fees when sending money overseas:

Check the Official Mid-market Exchange Rate

This is the real, unbiased rate that banks use when they trade money between themselves. You can find the mid-market rate on Google, XE.com, or your bank's website.

Some companies might advertise "zero percent commission" but make up for it with poor exchange rates. Others might have higher fees but give you a better exchange rate. It's important to compare all the factors before deciding which company to use.

Look for a Correspondent Bank Fee

This is a typical fee charged by your bank when you make an international money transfer. The good news is that it's usually a flat fee, so you can budget for it in advance. You can also find banks that don't charge this fee, which could save you a significant amount of money if you're making regular transfers.

Pay Attention to the Recipient Fee

The recipient fee is the charge that the company will levy on the person to whom you're sending money. It's important to take this into account when choosing a provider, as it can eat into the amount of money your loved one will ultimately receive.

There can be many types of fees you may have to pay when making international money transfers, so be sure to compare various options well.

Most companies make their money on the exchange rate, rather than on fees, so it's always worth checking what the mid-market rate is and then comparing that to the rate offered by your chosen provider. If there's a big difference, it might be worth finding another option.

Do You Need To Find the Best Remit Exchange Rate for Sending Money Internationally?

RemitFinder is an online service that helps you track remit exchange rates. By checking and comparing the latest remit exchange rates, you can get the best exchange rate for your money transfers. RemitFinder, thus, helps you to get the best return for your hard-earned money.

Find the cheapest rate to transfer your hard-earned money - visit our site or download the app on Google Play or Apple App Store now.