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7 Popular Ways to Send Money Abroad

New platforms, digital tools and ways to send money abroad that break borders and geographical distances emerge every day, with just one click. Among so many options, it can be difficult to decide which is the most convenient for you. To do this, through this article, you will learn about 7 ways to send money abroad that stand out for their reputation, qualities, and efficiency.

Are you ready to decide which is the best option for you when it comes to do international money transfer

Take note of the details and select the one that best suits your profile.

– Send money abroad with TransferWise

Promising to feature the lowest fees on the market for tools to send money abroad, TransferWise has gained a lot of popularity and good reputation among a notable number of tourists, freelancers and digital nomads who consider it their preferred option to send payments or receive money without borders becoming excuses. It works in more than 50 countries around the world and its commissions are popular for allowing exchanges between different currencies or currencies instantly in exchange for a commission percentage per transaction that ranges from approximately 0.7% to 0.9%. 

– Send money abroad with PayPal

PayPal is probably the most popular platform for sending money abroad. It has been running for years and has a global reach. One of the advantages when making payments by this means is compatibility and accessibility. Today, millions of users and companies are registered with PayPal and, above all, actively use the tool, so it will be enough to know only your email address linked to PayPal to transfer money from almost anywhere in the world.

– Send money abroad with Western Union

Western Union, in recent years, has also positioned itself as a very popular service to send money abroad among travelers and immigrants, especially since it has 500,000 branches and thousands of associated agents in more than 200 countries around the world, added to a mobile application and web page that usually allow you to carry out this type of movement without leaving home. It is a convenient way to send money abroad if the amount you want to transfer does not exceed 3,000 dollars, since this is usually the limit amount established in most of the countries where it works. On the other hand, the commissions or rates vary depending on the country, but they can be consulted through the application before making the shipment to avoid surprises.

– Send money abroad with Small World

Small World allows you to send money directly to a bank account that can belong to more than 90 countries around the world. Despite being a lesser-known option than others on the list, it already has 15 million users from different parts of the world who can manage all their transfers from the mobile application, without depending on the recipient of the transfer having an account in Small World. However, some users report that if you require immediacy, in some cases it may take some time to make the transfer effective compared to other mentioned options; however, in return, the commissions remain very affordable for most.

– Send money abroad with WorldRemit

Through WorldRemit you will have the option to choose to send 90 currencies to 150 countries from your smartphone or computer with the authorized transaction usually in a few minutes. One of its advantages is that it is not necessary to go to an agent, stand in line and wait. Everything is done online, so WorldRemit commissions are more accessible than many of the competitors.

– Send money abroad with MoneyGram

The Money Gram app is available to send money to banks and foreign companies in over 200 countries around the world, as well as options similar to Western Union that allow you to send cash instantly or with a bank account.

– Send money abroad with your traditional bank

If you prefer to use a traditional method to send money abroad, it is very likely that your bank is the first thing that comes to mind, since in general, most traditional banks offer the option of sending money from their branches, or through the Internet through the use of the SWIFT network, a system for sending international transfers that has been operating for years and survives through connections between the different banks in the world.

Featured Image – Pixabay © Stefan Schweihofer 

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