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Money Transfer apps lets us transfer money quickly, easily, and less expensive. And with the growing wants of sending and receiving money, that has brought many people to checkout ways to satisfy these needs.
Well, this has brought about the creation of what we call money transfer apps or P2P(Peer-to-peer) apps. Well, these P2P apps help us to send and receive money easily.
And in trying to satisfy the need to send and receive money, there are now so many P2P apps that have been created in the world. And all of them are known to be good platforms except when many people start complaining about the platform.
One of the main things that will always keep one to use a certain P2P app is security. But apart from that, there are many other things that are needed to choose the best Money Transfer Apps.
But now, we are talking about International Money Transfer Apps which means the platforms have to be able to work internationally(that is, in many countries like paypal, Venmo, WorldRemit).
However, we won't take much of your time here and just glide you through this procedure to show you the best international Money Transfer Apps right now.
Table of Contents
Best Money Transfer apps on the International Level
What are money transfer apps?
A money transfer app is an app that is put in place uniquely to transfer and receive money from friends, family, business, or company.
And most of the times, you won't see a money transfer app that is meant for storage of money since most people that receive money through money transfer apps send the money immediately to a sure platform where the cash can be stored, or the simply withdraw it and use it.
And so, if you have some money and you want to send it to your partner, friend, sibling, or company mate, then you can just simply checkout some of the best transfer applications.
But now, there is a different level when it comes to international transfers. Money transfer apps usually have problems when it comes to refunding and so choosing the best international transfer app to avoid sending to the wrong person or to be scammed is very important.
Check now below this list and get the best international money transfer apps in the world right now.
Are mobile apps for sending money internationally safe?
Yes. Your monies are securely traced when processed through a trustworthy bank or business until they reach your receiver. Additionally, there are regulatory regulations in place if you're sending money abroad.
For instance, banks, credit unions, and money transfer firms are required to disclose all fees upfront and give you 30 minutes to cancel a transfer, presuming it hasn't been picked up or deposited.
What To Look For in International Money Transfer Apps?
If you want to get the best Money Transfer app, then go for these things first. They are;
Fees
Fees may be expressed as flat rates, percentages, or even not at all in some circumstances. Possibly, depending on the kind of transfer.
For instance, some service providers might only charge fees on international transfers and not local ones, while others might only do so for transfers that exceed a specific amount.
Knowing the types of transactions you will typically be making can help you find a supplier and an app that can accommodate you efficiently.
Exchange Rates
Exchange rates across different providers could be fundamentally different. Examine the exchange rates for the currencies you intend to transfer, then compare apps from different providers to find the ones that give the best conditions for the transfers you intend to make.
Transfer Network
What options are there for the recipient to pick up the money? In addition to making it simpler to receive money in more areas, mobile money transfer apps can be used to confirm transfers if the recipient doesn't have immediate access to the funds.
Consumer assistance
International money transfer companies frequently find themselves in direct competition with the big banks and frequently have customer care teams and infrastructure that can compete with those of the major banks.
It can be beneficial to hold your financial services providers to high standards for customer care, and it can be comforting to know you can rely on them. Now that you know what to look for in money transfer app, let's checkout the best international money transfer apps.
International Money Transfer Apps 2024
1. Transfer Wise
TransferWise, also commonly known as Wise claims to be 90% less expensive than banks while providing users with interbank rates and a minimal fee (often under 1%).
Download the app if you are ready to enjoy the service to make transfers while you're on the go. It also displays how much money you've saved using it, similar to World First, so you know you're getting a great deal.
TransferWise isn't available in every nation yet, so it does have a slightly constrained reach, but if you're sending money to the USA, Europe, or India, it's a good option.
Features
- Locational availability: US, UK, EU, and Australia
- Available devices include the iPhone, Android, and Smartwatch
- $10 minimum transfer
- Supports Family Sharing, Apple Pay, SWIFT, and Wallet (easily enter card information).
- Keep all of your receipts in one location so you can replicate past transfers with ease.
2. WorldRemit
WorldRemit may be the right software for you if you're looking for a flexible, truly international provider. You can send money using this provider to 110 locations across 50 different nations.
Alternatively, if you'd like, you can arrange for the money to be picked up in cash, added to your phone's airtime, or sent to your mobile wallet. To prevent breaches, the app is protected by Norton software and cannot be used on a jailbroken phone.
Features
- Available in the United States, United Kingdom, European Union, Asia, Africa, and Australia
- Availability of iPhone and Android devices
- Methods of payment: debit card or bank wire
- Special attributes - Supports family sharing and Wallet (fast enter card information).
- Other attributes - Send money to your recipient's bank, pick up cash, use mobile money, and top up airtime
3. Remitly
Focused primarily on remittances, Remitly specializes in transferring money from developed countries to emerging economies. This app offers competitive exchange rates, low fees, and a straightforward user interface.
Remitly also provides various options for receiving money, including bank deposits, cash pick-ups, and mobile wallets, making it an excellent choice for countries with limited banking infrastructure.
4. PayPal
PayPal is a well-known and widely-used digital wallet that offers convenient international money transfer services. It allows you to send money to individuals or businesses in over 200 countries and regions.
With PayPal, you can link your bank account or credit card and make seamless money transfers with just a few clicks. Additionally, PayPal provides strong buyer and seller protection, making it a preferred choice for online transactions.
5. OFX
Online-born OFX (formerly known as Ozforex) continues to create simple, user-friendly solutions like its mobile app. You may manage and track all of your transactions, check historical and current exchange rates, and set up rate notifications. Additionally, the app allows new users to sign up for an OFX account.
Features
- Locational availability: EU, UK, Australia, US, and CA
- Availability of iPhone and Android devices
- Payment options include local debit or credit cards, bank wire transfers, and checks.
- Transfer restrictions: $150 for minimum transfers
- They provide market information and provide live rates, historical charts, and rate watch tools.
6. Xoom
Xoom, a subsidiary of PayPal, focuses on fast and secure international money transfers. Operating in over 130 countries, Xoom allows users to send money to bank accounts, mobile wallets, or for cash pick-up.
The app boasts competitive exchange rates and transparent fees, providing users with a cost-effective option for their international transfer needs. Xoom's integration with PayPal's extensive network further enhances its reliability and accessibility.
7. World First Money Transfer
The first wearable app for international money transfers features a no-fuss approach; payments may be done with only a few swipes or voice commands.
It will also keep you updated, allowing you to monitor payments and calculate the amount you are saving in comparison to using a bank. It is presently offered for Android Wear, and an Apple Watch version is being developed.
8. XE
One of the most recognizable brands in the world for currency conversion is XE. Their website, xe.com, quickly rose to the top of the global currency converter rankings. Their app is built primarily on the same feature. Specifically, it will assist you in converting one currency to another. They also offer a dedicated app for sending money abroad.
Other Features
- The capability to "follow" currencies and rate alerts
- Comparison of iPhone and Android device availability rates
- Transfer caps: $150 as a minimum
- other attributes. Live rates, historical charts, rate watch tools, and market updates are all provided.
9. Revolut
Revolut is a popular fintech app that offers a range of financial services, including international money transfers. It enables users to send and receive money in multiple currencies at competitive exchange rates.
Revolut offers free currency exchange up to a specific limit and provides real-time notifications on transactions. The app also comes with additional features like budgeting tools and virtual debit cards, making it convenient for international travelers.
10. Currency Fair
You can use CurrencyFair, a peer-to-peer money transfer service, to send money across Europe, the UK, Australia, and New Zealand. Although their money transfer software has some features, it is not very user-friendly. In essence, you can do anything that is possible on the desktop version of the software.
How quickly will my money arrive?
After you pay, some providers can provide your funds within minutes, especially if you use a debit card. Some take several days to reach your addressee. Before you pay for a service, take sure to verify the transfer speeds.
Final Thoughts on the best international money transfer apps
Sending money worldwide is convenient thanks to mobile money transfer apps, but which one is the best? You might find what you need in these highly regarded apps, depending on where you're transferring money and how quickly you need it to arrive.
When choosing the top money transfer applications, we considered the features of each service in addition to consumer evaluations on the Apple App and Google Play stores.
So why not get back behind and go through the list again and know what app you should use and which not to use? We hope this article was helpful. If yes, then share it to others and help them out and don't forget to join us on telegram for more articles as such.