What Is the Most Affordable Way to Send Funds Internationally

Sending money internationally tends to be fairly expensive. Luckily, there are ways you can still send funds abroad without burning a hole in your wallet. Here are some of the cheapest ways you can send cash abroad.


AvantPay is a great payment service that offers affordable transfers. One of the services that AvantPay offers is wire transfers, which you can use to make international money transfers. AvantPay allows its users to send mass wire transfers. You may also use their other services to make convenient international transfers. For instance, you can use their option to fund any card if you want to send cash immediately to another person’s card.


A huge payment giant like PayPal is one of your best bets for international money transfers. The only catch is that the recipient will need a PayPal account to receive the funds, but it is free and easy to sign up for. However, the recipient will need a bank account or debit card to withdraw the funds; otherwise, they may use their PayPal balance to buy things online since many merchants accept PayPal as payment. While PayPal is known for having somewhat high fees, you can send money to another PayPal account for free if you send to family and friends.

Man holding a bag with money.


TransferWise offers one of the most affordable ways to transfer money abroad. TransferWise does not have any hidden fees, and the overall transfer is very cheap. They only charge about 1% for your transfer; so if you transfer $1,000, you will only have to pay $10. However, that is the cost for most transfers in USD from the US. Some other transfers may only cost 0.5%, and some currencies like the Philippine Peso may be 1%.


If you want to send big sums of cash, OFX is your new best friend. OFX has very transparent rates, and the overall fees are very cheap. However, you need to send at least $1,000 to use this service. Therefore, it is better if you want to send a lot of cash in one lump sum. 

Options to Send Money That Has to Be Cash

Some people need to receive their funds in cash, as many people do not own traditional bank accounts, credit cards, or debit cards. Luckily, there are still some options that you can try to send money abroad. Many remittance companies offer cash pickup to their clients that nee to send money abroad and have it received via cash.

For instance, Western Union offers wire transfers that you can use for cash pickup. Western Union has tons of locations, and you can select “cash pickup” when you fill out the forms to transfer money. You can choose the closest Western Union branch to the recipient so they can pick up the money when the money process is complete. Xoom and MoneyGram also offer cash pickups for their clients, and you can use them given that there is a branch close to the recipient. However, the fees can vary from 6-9% depending on how much you send, the destination, etc.