If you’ve sent money abroad from your bank account, you may have noticed that there are ridiculously high international fees on top of the money you’ve sent. If you do it regularly, the money adds up, and when you sum it up throughout the entire year, you’ll notice that it takes a considerable amount of money that you could have spent somewhere else.

So, the question is, “Is there a way to avoid international transfer fees?” How can you send money abroad as swift as a regular transfer, and if there is a way, is it safe and secure? The good news is, there are numerous ways to send people money from outside the country without the huge amounts of fees. 

Whether you have a team of freelancers and you’re outsourcing some of your business’ work to employees from other countries or having relatives living abroad to whom you’re sending cash, an international transfer from your bank isn’t your only option. You don’t want to be spending too much money on fees and bank charges alone. There are now different remittance services that have cheaper ways. Listed below are some of the most common third-party services you can use for cheaper or free international money transfers.

1. Xoom

Xoom is a well-known name in the freelance industry. If you’re outsourcing your business’ work and regularly send money to your offshore staff, Xoom is one of the top choices when it comes to sending money directly to their bank. The first transfer is usually free, and the next few transfers have a minimal fee starting at $4.99. This is cheaper as compared to your regular bank’s $35 transfer fee, right?

Xoom has established a good reputation in the industry, and using it is simple and easy. You first need an account, and you can quickly transfer within minutes! Your funding source can be your PayPal, savings, or checking account – all of which you can set up within a few minutes of signing up for the service. There are no maintenance fees, and the service is usually straightforward. Just type in your recipient’s Name, bank account details, and total amount, and the next page will show you how much the transfer fee would be.

2. PayPal

When it comes to e-money, there’s nothing more popular than PayPal. This virtual wallet lets you send personal payments to your relatives or family without any fees. If you’re sending money to people that you know, the personal option is a great option you can go with this.

However, your recipient should also have a PayPal account with a bank account link to their account so they can transfer their PayPal money straight to their bank. It might sound like there are a lot of steps involved, but it’s pretty simple. The majority of online stores, gaming websites, and other e-commerce platforms make use of PayPal as a payment option because of its simplicity, convenience, and security.

Take note, though, that you should only send “personal” payments to people whom you know because you cannot file for a dispute or refunds if you’ve made payments through this option. If you are about to receive money via PayPal, you’ll be charged a nominal fee depending on the currency exchange rates of PayPal. You can check the currency exchange rate by checking the Covert Currency option in your PayPal account. If you’re paying for goods and buying stuff from people from outside the country, it’s still best that you send money and choose “paying for goods or services.” This way, you may process a refund from PayPal if the seller wasn’t able to deliver the items you’ve paid for.

Otherwise, if you’re sending money as a gift to friends, or loved ones, the personal payment option would be a great option. You can send it directly from your credit card with a minimal fee. Alternatively, you may add money to your PayPal account with a bank account and send personal payments for free.

3. WorldRemit

If you’re sending money that’s less than $10,000, WorldRemit is an excellent choice for you. There’s no minimum transfer amount, which offers you the best rates that you can find out there. You may also check the rates using an online calculator to check how much it would cost you to make a specific fund transfer. And to top it all, the service has an outstanding customer service that you can contact if you have any questions or bump into any trouble while doing the transfer.

The above-mentioned are not the only websites and services you can go for when it comes to online money transfers, but they’re perfectly-known for free and cheap international transfer fees. If none of these work for your needs, here are a few things you need to know when looking for a third-party money transfer website:


You have to ensure that the party has an encrypted website providing that your personal details won’t be sold or used by third-party companies. The last thing we’d want you to have is your personal information being leaked to other people.


Make sure that the website offers a transparent way of showing you how much you’ll be spending for every amount you’ll transfer. Check if they have online calculators or see if you’ll receive a computation on how much you’ll be spending before proceeding with the transfer.

Customer Service

We’re talking about sending money to a different country here, so it is also essential that the website offers exceptional customer service. It is good to have somebody to talk to whenever you experience a bump along the way.

Sending money abroad doesn’t have to be expensive. You have to find the right service that works best for your needs.


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