12 Best Ways to Send Money

Spencer TierneyAug 27, 2021
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When you send money online, the best way depends on how and where you want to send it.

We compared fees, speed and other features to find the best providers for domestic and international money transfers.

Why you can trust NerdWallet: Our writers and editors follow strict to make sure our coverage is fair and accurate, so you can choose the options that work best for you.

When you make a transfer abroad, you generally encounter two costs: the fee for sending money (also known as the outbound or upfront fee) and the foreign exchange fees, or the markup on the exchange rate that financial institutions use when transferring money among themselves. Consider both fees to find the best deal.

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To determine the best domestic transfer services, we examined the following features for 12 providers: fees, delivery speed of cash or money to recipient’s bank account, user reach (where transaction data were available), sending amount limit and security measures. Priority went to those providers that offer no-cost transfers, have established histories and maintain high security standards. We excluded single-bank P2P services since they usually limit users to a given bank.

Note: All transfer amount limits given assume users have verified their identity as each app requires. There are also initial amount limits when first using the app.

Providers surveyed: , , Facebook Pay, Google Pay, , , PopMoney, , , , and .

We analyzed seven providers that work in the U.S., mostly focusing on major players in the international money transfer industry, based on market research, experts, cost analysis and U.S. internet traffic.

Countries surveyed: Germany, India, Mexico and the United Kingdom.

Providers surveyed: , , , , ,  and  (owned by PayPal).

Fees and exchange rate markups mentioned are based on the analysis linked below.

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