Best Money Transfer Apps in America

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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.

Compare The Best American Money Transfer Apps

Money Transfer AppCurrencies AvailableMin TransferMax TransferBank TransferCredit CardDebit CardCash AcceptedGMG RatingMore Info
Wise Money Transfers50£1£1m✔️✔️✔️
(4.2)
See Rates
Western Union Money Transfers130£1£50k✔️✔️✔️✔️
(4.1)
See Rates
Remitly Money Transfers75£1£5k✔️✔️✔️
(3.8)
See Rates
Xe money transfers98£1£500k✔️✔️✔️
(3.1)
See Rates

Our picks 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 7,000 customer votes in the exclusive Good Money Guide awards
  • Interviews with the currency broker 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

4.5
Customer rating: 4.5/5 (215 reviews)

  • Currencies: 50+
  • Minimum transfer: 1 USD
  • Maximum transfer: 1m USD
  • Deposit methods: Bank transfer, credit/debit card

Wise Review
Good Money Guide Recommended 2024

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.

But in a nutshell… Should you use Wise? Yes. Are they cheap? Yes. Is it easy to use? Yes. Are they safe? Yes.

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
4.2

What next?

#2 Western Union: Best App For Small Money Transfers & Cash

3.8
Customer rating: 3.8/5 (121 reviews)

  • Currencies: 130+
  • Minimum transfer: 1 USD
  • Maximum transfer: 50k USD
  • Deposit methods: Bank transfer, credit/debit card, cash

Western Union Review
Good Money Guide Recommended 2024

Name: Western Union

Description: Western Union lets you send money to more than 200 countries around the world. It was founded in 1851 in Rochester, New York, and was named the Western Union Telegraph Company when the New York & Western Union Telegraph Company merged with the rival New York and Mississippi Valley Printing Telegraph Company in 1856. It was a pioneer in transmitting telegrams and in 1871 it introduced a money transfer service through its extensive telegraph network. It stopped sending telegrams in 2006 and now offers money transfers to almost every country in the world. Today it has 150 million retail and digital customers with its headquarters in Denver, Colorado.

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
4.1

 

What next?

#3 Remitly: No Fees On Your First Money Transfer

4.0
Customer rating: 4.0/5 (32 reviews)

  • Currencies: 75+
  • Minimum transfer: 1 USD
  • Maximum transfer: 5k USD
  • Deposit methods: Bank transfer, credit/debit card

Remitly Review
Good Money Guide Recommended 2024

Name: Remitly

Description: Remitly is a low-cost money transfer app that was founded in 2011. Since then it has grown to service over 4.5 million active customers transferring money to 13 different countries. Remitly went public in 2021, and it’s shares are listed on the NASDAQ exchange valuing the company at around $4.9bn.

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
3.8

What next?

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