Best apps to send money abroad

Name anything today, you can almost be sure that there is an app for this. Good news for us, there are many apps that enable you to send money abroad. We have reviewed them for you and selected the best ones.


Best bank apps to send money abroad

Vemno: Probably the most popular app to send money abroad. So popular that there is even an expression for sending money via Vemno: “Vemno me!” Sending or receiving money has never been so easy with Vemno. You just need the recipient email or phone number. Note that if you use credit cards you’ll be charged 3%. The app automatically integrates your Facebook friends and phone contacts;

Bank of America (for US residents): Not only this app looks great but it also helps you save time when you need to send money abroad. Indeed thanks to the app you do not need to go to a branch anymore to make a transfer. The allows you to send money to anyone (non-customers as well) in a very secure way.

Best MTO apps to send money abroad


Transferwise is a peer-to-peer money transfer operator. It’s been created by one of Skype’s co-founder and is backed by Richard Branson himself. They charge very low fees on each transfer and claim to be 90% cheaper than any bank. The app lets you know how much money you saved using their service instead of your bank and is very easy to use. Note however that you will be restricted to send money abroad to Europe, USA and India.

World Remit

World Remit app is great in the sense that it allows you to send money abroad in many countries. They offer 110 destination and several ways to receive a transfer: mobile wallet, cash pick-up or bank account. The app is pleasant to use and secured by Norton, so pretty safe. It is a perfect choice for migrant workers.

Send money abroad as a French living in the USA

I’ve decided to share with you my experience as an expat who need to send money abroad, in my case from USA to France. The first job I found was in New York, I just had finished school and needed to pay back my student loan, so I needed to transfer USD to France.

How do you send money abroad?

Before leaving to the USA, I went to my bank in France, LCL, and asked them if they had a partnership with an American one so that I could easily set up a monthly transfer to pay back my loan. At that time they did not but told me that it would cost me nothing to send money abroad from the USA. I just had to do a wire transfer from my American bank to my French account.

It is exactly what I did the first month I arrived there and I can tell you that it was the last one! I ended up losing 10% of the amount I had sent. I sent $500 and received the equivalent of $450!


Let me ask the right question now…

How do you send money abroad avoiding your bank? 🙂

You basically have 2 choices. You can go for high street operators such as Western Union or Moneygram. They are extremely famous worldwide as they have branches in almost every street corners. However they remain extremely expensive. You’ll be paying between 8 to 10% fees using their solution. Note that they do not guarantee your money, so if something wrong happen, it is very unlikely that you’ll see your money again. You can find their office in post offices or go to their websites as they now offer online money transfers. Personally I would not go for them to send money abroad.

Last but not least: you can use an online money transfer operator, peer-to-peer, such as Transferwise, World Remit or Azimo. Such actors recently appeared on the market and offer very competitive prices: very low fees (4% of the transaction maximum) and operate very quickly (you generally receive the money 2 to 3 days after it’s been sent). I have been using this kind of operator to send money abroad each month and I must say that I am extremely satisfied with any of them.

To conclude, if you need to send money abroad make sure you get all the information before choosing one operator.

Stay informed about the exchange rates with Forbes

How to send money abroad to your family in the Philippines

You are living abroad and might be wondering how to send money back home. Did you know that 5.4 million Filipinos just like yourself are also living out of the country? They are also sending money back to their families. The UN estimates that, last year, $28 billion were sent back to the Philippines.

Here is a complete guide to help you in this process that can be very expensive unless you know how it works.


How to send money abroad at the right moment?

As you are living outside of your home country, the Philippines, you are paid in another currency than the peso. Therefore exchange rates are crucial when considering sending money home. Indeed, depending on when your transfer is made, your family will not get the same amount on their account if you made your transfer when the exchange rate was low or high.

For example, yesterday the exchange rate USD-PHP was 1/49,82 and a few weeks ago it was 1/47,42. It means that if you had sent money at that time you would have received less than you would if your transfer was made yesterday.

Then you ask yourself how to send money abroad at a good moment. There is no perfect answer to that, just make sure you send the maximum you can when the exchange rate is good, in case it gets poorer for a long time. (This work if you need to send money regularly).

How to send money abroad at a low cost?

Let see how to send money the cheapest way possible. Very few people know that there are many solutions today to send money abroad. We can divide them into 3 categories:

  • The banks: used by many of us. The main reason for this is that it seems easy, fast and cheap. It is actually one of the most expensive way to send money abroad. Indeed, several fees generally apply: fixed, variable and even hidden ones (because of poor exchange rates the bank uses).
  • High street operators: you can hardly ignore them, Western Union or Moneygram are generally available from post offices or grocery stores in big cities. Same issue here: they generally charge you 10% of the amount you are sending and generally apply very poor exchange rates. Many people actually use them to send money to people who do not have bank account to receive the money.
  • Online, or peer-to-peer operators: they recently arrived on the market and are really competitive in terms of prices: 2 to 3% of the amount transferred. You can do everything online, the recipient do not need to have a bank account and they operate really fast.

So my answer to your question “how to send money abroad at low prices” would be, with no hesitation, online operators. You can even compare them to make sure you find the best one according to your needs.

Who send money internationally?

Nowadays almost everyone is in need to send money abroad. We don’t often think about that but international money transfers is a huge industry. Some people transfer money abroad on a regular basis (every month or even more often). For others they transfer at least once in a lifetime. Here is an overview of the different parties who commonly need to do international transfers.


Overseas Workers send money internationally

Expatriates and Migrants are the ones who send the most of remittances. Many people work outside their home country. All these people send money back home. The population that sends the most of remittances are the mexicans. A lot of mexicans are in the United States. According to the World Bank they sent around 22 billions of $ in 2015 in Mexico. That’s huge. And they transfer their money regularly because they send back home almost all their revenues.

International students and their parents are the second category

It is easy today to study abroad. A large amount of money is sent to students abroad by their parents.

Businesses with foreign activities

Many companies do business abroad or have branches abroad and need to transfer money between subsidiaries. This is particularly the case for import/export companies and for big companies with branches in many countries. These companies need to be careful about money transfers as they often send large amount of money abroad.

Anyone who needs to send money internationally

Among people who needs to send money abroad there are also the owners and buyers of foreign properties abroad. Either they have to pay a large amount of money in foreign currencies or they need to receive a rent every month and to transfer it into the local currency. International volunteers also need to convert money as they are paid in the currency of their home country. Then we count many people who spend their retirement abroad, so they need to transfer their retirement pension funds every month into the currency of their ‘host’ country. At last anyone who needs to transfer money urgently to recipients abroad.

Now we can see the importance of money transfer and the huge industry it is. That’s why it is important to compare all the options in order to get the best rates for a transfer.