Top 8 leading international money transfer services

Currently, with the development of technology, you can transfer international money simply and easily. There are many reputable international money transfer companies to choose from. Here are the top 8 international money transfer services in the world that ZRemit would like to recommend to you.

1. WESTERN UNION

Western Union is the most popular international money transfer service with more than 500,000 transaction points in the world, including Vietnam. Western Union provides the ability to send and receive money quickly to over 200 countries and territories worldwide. In Vietnam, there are many banks that provide money transfer and receive services via Western Union such as BIDV, Agribank, and ACB. In addition, there are many Western Union receiving money transaction offices across the provinces and cities nationwide.

  • Advantages

-There is no minimum transfer amount

-Transfer and receive money in minutes

-Moved to many countries and territories

-Wide and convenient network of transaction points

-Relatively competitive exchange rates, updated regularly

-Many options for transferring and receiving money

  • Defect

-Remittance fees are high compared to comparable services

-Takes time to travel, paperwork much

2. MONEYGRAM

MoneyGram is the second largest money transfer service in the world after Western Union with over 350,000 transaction points. MoneyGram provides international money transfer / receipt services in over 200 countries and territories worldwide. In Vietnam, there are also some banks that provide money transfer and money transfer services through MoneyGram, such as Vietcombank; Sacombank; Eximbank ...

  • Advantages

-Transfer and receive money fast during the day

-Safe, reliable

-Wide network of convenient and more than 350,000 transaction points

-Many options for transferring and receiving money

  • Defect

-The maximum amount of online transfer is 2,999 USD

-Fees vary according to the amount transferred, the destination country

-Rates are not really competitive

-Takes time to travel, paperwork much

3. RIA

RIA is a global money transfer company with more than 240,000 transaction points in 130 countries worldwide. With more than 30 years of experience, RIA is the 3rd largest international money transfer service provider in the world. In Vietnam, the service of sending and receiving money via RIA is not popular, only a few banks in Vietnam also provide international money transfer and receiving services via RIA such as: Sacombank; VIB ...

  • Advantages

-Various options for transferring and receiving money

-Competitive transaction fees

-Update real-time rates

  • Defect

-Maximum transfer limit of 2,999.99 USD / day

-Takes time to travel, paperwork much

4. XE MONEY TRANSFER

XE Money Transfer provides foreign currency transfer to a bank account. If you are working abroad, XE Money Transfer is an appropriate international money transfer service to transfer money to your family or invest abroad.

  • Advantages

-One of the most prestigious international money transfer services

-Competitive rates

-Fast money transfer and receipt time; usually 3-5 days

  • Defect

-The exchange rate monitor does not work until you transfer money

-Takes time to travel, paperwork much

5. TRANSFERWISE

TransferWise is a peer-to-peer money transfer service. TransferWise's system connects people who want to transfer money from different countries

  • Advantages

-Minimum transaction fee is 3 USD; The minimum fee is 1%

-Minimum transaction limit of 1 USD; up to 36 million USD

-Can be used on mobile devices

-Exchange rates according to market rates

  • Defect

-Can only be transferred to bank accounts. Do not accept cash

6. WORLDREMIT

WorldRemit offers various forms of money transfer in more than 120 countries worldwide. Including: online money transfer, wire transfer, transfer from bank account to bank account. The transfer fee varies by the country of transfer and the exchange rate at the time of transfer. WorldRemit is suitable for small businesses.

  • Advantages

-Flexible payment options

-Easy 3-step money transfer process

-Can transfer money to mobile wallet

-Can withdraw cash

-Can transfer money via mobile device

  • Defect

-The higher the transfer amount, the higher the transfer fee

7. Paypal

Paypal is famous for providing online shopping services but at the same time the company also provides international money transfer services with more than 20 currencies in over 200 countries.

  • Advantages

-Minimum fee is only $ 0.02

-Provides service in over 203 countries

-Provide periodic payment service

-Safe system, high security

*Defect

-There is no ceiling fee. The more you transfer, the higher the fee

-Fees vary by destination country and method of remittance

8. ZRemit

With over 10 years of experience in the field of international money transfer and payment, ZRemit is an application that provides international money transfer services, including more than 20 currencies, popular in many countries around the world.

*Advantages

-Low minimum fees

-Providing multinational services

-Flexible payment options

-It does not take long, papers

-Can transfer money via mobile device

-Safe system, high security

  • Defect

-Fees vary by destination country and method of remittance

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