-
Reviews By Richard Berry - Updated
Money transfer apps are the quickest and cheapest way to send money abroad, with better exchange rates and less admin fees than banks.
In this guide, Good Money Guide compares and reviews the best money transfer apps in America. We’ve looked at pricing, fees, speed, transaction size, and how many currencies and countries they offer.
You can then choose the best money transfer app that suits your needs for sending money abroad.
Best American Money Transfer Apps Compared
| Money Transfer App | Currencies Available | Min Transfer | Max Transfer | Bank Transfer | Credit Card | Debit Card | Cash Accepted | GMG Rating | More Info |
|---|---|---|---|---|---|---|---|---|---|
 | 50 | $1 | $1m | ✔️ | ✔️ | ✔️ | ❌ | See Rates | |
 | 130 | $1 | $50k | ✔️ | ✔️ | ✔️ | ✔️ | See Rates | |
 | 75 | $1 | $5k | ✔️ | ✔️ | ✔️ | ❌ | See Rates | |
 | 98 | $1 | $500k | ✔️ | ✔️ | ✔️ | ❌ | See Rates |
Our reviews of the best money transfer apps in America
❓ The Good Money Guide review team brings you the best money transfer apps based on:
- Our 20 years in the foreign exchange industry
- Over 30,000 customer votes in the exclusive Good Money Guide awards
- Interviews with the money transfer CEOs and senior management
- Hands-on, thorough analysis and testing of the money transfer apps and pricing
#1 Wise: A Truly Disruptive Money Transfer App
- Currencies: 50+
- Minimum transfer: 1 USD
- Maximum transfer: 1m USD
- Deposit methods: Bank transfer, credit/debit card
Wise Expert Review: Best Money Transfer App 2025
Name: Wise
Description: Wise is a low cost international money transfer app that helps people send money abroad for much less than it would cost to do it through their banks. Wise was launched as Transferwise in 2010 as a peer to peer currency network, but has since grown to provide money transfers to over 15 million customers sending more than £9 billion a month.
Are Wise a good money transfer app?
Yes, Wise is one of the cheapest and easiest ways to send money abroad. Highly recommended. Wise aslo won “Best Money Transfer App” in the 2025 Good Money Guide Awards.
But in a nutshell… Should you use Wise? Yes. Are they cheap? Yes. Is it easy to use? Yes. Are they safe? Yes.
Since Wise was founded way back in 2011 I’ve followed their progress. There are many firms that shout loudly about wanting to disrupt an industry. But most of the time, it is marketing hyperbole.
However, in Wise’s case they have actually disrupted how we send money around the world. They’ve done this by doing two things, making it cheap and making it easy.
The only reason not to use them really, is if you already bank with Starling whose fees are pretty similar and don’t want another app on your phone…
Pros
- Cheap
- Easy
- Fast
Cons
- Phone support hard to find
- Only suitable for smaller transfers
- Pricing (5)
- Currencies (4.5)
- Online Platform (4.5)
- Customer Service (4)
- Research & Analysis (3)
Overall
4.2What next?
#2 Western Union: Best App For Small Money Transfers & Cash
- Currencies: 130+
- Minimum transfer: 1 USD
- Maximum transfer: 50k USD
- Deposit methods: Bank transfer, credit/debit card, cash
Western Union Review
Summary
Western Union has made a real effort recently to modernise it’s app and reduce exchange rates and fees to compete with new start-ups. Still, one of the best ways to send cash abroad and now very competitive for smaller electronic transfers.
Pros
- Better exchange rates
- Cash drop-off and pick-up
- Good app and website transfers
Cons
- Still not as cheap as some
- Exchange Rates (4.5)
- Available Currencies (5)
- Online Platform (5)
- Customer Service (3)
- Research & Analysis (3)
Overall
4.1What next?
#3 Remitly: No Fees On Your First Money Transfer
- Currencies: 75+
- Minimum transfer: 1 USD
- Maximum transfer: 5k USD
- Deposit methods: Bank transfer, credit/debit card
Remitly Review
Summary
Remitly is a cheap and easy way to send small amounts of money abroad. Especially if you are a new customer, as you get better exchange rates on your first £1,000 sent abroad.
Pros
- Cheap
- Easy
- Safe
Cons
- Limited FX analysis
- Limited educational articles
- Online only
- Pricing (4.5)
- Market Access (3.5)
- Online Platform (4.5)
- Customer Service (4.5)
- Research & Analysis (2)
Overall
3.8What next?
#4 Xe: Simple, Online Money Transfers
- Currencies: 98+
- Minimum transfer: 1 USD
- Maximum transfer: 500k USD
- Deposit methods: Bank transfer, credit/debit card
Xe Money Transfers Expert Review
Name: Xe
Description: Xe started off life as an online currency conversion calculator, then started flogging the data to currency transfer providers, then in 2002 decided to compete with all it’s customers and offer online money transfers (which it provides through HiFX in the UK. At the time, HiFX was one of the largest money transfer providers in the UK, but as Xe.com is one of the largest currency conversion calculators in the world (in the top 500 websites by traffic) HiFX decided to rebrand to Xe.
Is Xe a good international money transfer app?
Xe is a good option if you are looking for cheap no no-frills, small to medium-sized currency transfers from a trusted and well-established brand. However, if you have a large amount of currency to transfer and need personal service, you are better off with a currency broker.
I’ve always liked Xe.com, the website has always been an excellent resource for currency information. But ever since they were bought by Euronet under their HiFX brand in 2017 you can now use them for international currency transfers. They offer loads of currencies, a slick app, and the ability to send money by debit, credit card and bank transfer to other bank accounts, to be picked up as cash or to a mobile wallet. As international payments have grown in popularity you can also use them for business international payments.
Is Xe cheap for international money transfers?
I’m not sure Xe is as cheap as it used to be. When I was testing the app it looks like Xe exchange rates are around 1% from the midmarket. When I requested some quotes, the midmarket was 1.3294 for GBPUSD, and Xe quoted me 1.3186. Doing it the other way round, the USDGBP rate was 0.7522 and Xe quoted 0.7458 (about 0.85%) away from the mid-market.
It’s a bit frustrating that money transfer apps are still hiding fees in the exchange rate market up (read my guide on how to compare exchange rates here). Especially when it says there is no send fee. Granted, “Send Fee” and “Exchange Rate Market Up” are two different things, but it still stinks.
Is Xe safe for money transfers?
Yes, we rate Xe.com as a safe way to send money abroad as they have been established since 1995, owned by a larger parent company and are authorised by the Financial Conduct Authority under the Payment Services Regulations 2017, registration 462444, for the provision of payment services.
Who owns Xe.com money transfers?
Xe.com is ultimately owned by Euronet Worldwide Inc, which is a public company listed on the NASDAQ with the ticker code EEFT. Xe.com is managed by HiFX, which acquired XE.com in 2017. Prior to this HiFX only offered money transfer services for business, but the acquisition enabled them to offer individual currency transfers. You can see thier share price and how much they are worth below.
Pros
- Discounted exchange rates
- Good data and charting
- Good currency calculator
Cons
- Not suitable for large transfers
- No forwards or hedging
- Exchange Rates (4)
- Available Currencies (4)
- App & Platform (4)
- Customer Service (4)
- Research & Analysis (3)
Overall
3.8What next?
