7 Cheapest Ways to Receive, Send, and Transfer Money from Singapore

Discover the top 9 most cost-effective online platforms for international money transfers, supporting over 40 currencies in more than 70 countries, including transactions to and from Singapore. These platforms offer real-time calculation of shipping fees and final amounts after conversion, allowing for easy and transparent transfer confirmation.

Access the full list of the best options directly by clicking here.

Although it may not seem directly related to travel, this information can be extremely useful for travelers or individuals with family members living abroad who need to make financial transfers. Later on, I will explain how this article can benefit those in these situations.

(Additionally, if you or someone you know is considering living abroad, check out our page on 10 alternative options for relocating to other countries).


Money Transfer Singapore


Here are some scenarios where you can use the services of some of the companies that will be mentioned below to send money to other countries:

  • You’re preparing for an overseas trip and wish to save money when converting currency (more on this later). You’re taking part in a study abroad program or studying in Singapore and require funds from your family in your home country.
  • Your family members are studying or working abroad and need your financial aid, requiring you to send money to Singapore. You work in Singapore and need to send money to your family in your home country.
  • You need to transfer funds to yourself since you live in Singapore but your money is in your home country. Your partner is employed abroad and needs to send you money. You need to send or receive payments from international clients/suppliers. You need to make an international payment (read the end of the article to learn how to avoid scams!).
  • You’re traveling and have run out of cash, and your family needs to send you money to help you continue your journey. You’ve been robbed while traveling and require your family to send you money to assist.
  • You receive a salary in Singapore and want to send money back for investments in your home country. You have international accounts and need to transfer money to your home country.
  • You want to conduct online international money transfers without visiting a physical bank branch.

It’s important to note that the website options provided below are available to individuals residing or holding citizenship in any country globally, such as Portugal, the United States, Ireland, Argentina, Spain, among others.

Let’s get started!

receive money from abroad 3



Important note: Official/spot exchange rate vs. retail/tourist exchange rate

This article will explore the disparities between the “official/commercial exchange rate” and the “tourism exchange rate.”

In short, it is always advantageous to exchange your money at the official/commercial exchange rate or the nearest possible rate, as it results in fewer losses when converting currencies. The official/commercial exchange rate is the rate utilized in the financial market for trading substantial sums of money, akin to “wholesale” exchange rates.

Most of the recommended companies below utilize the official/commercial exchange rate or something nearly equivalent, with exceptions that we will note.

On the other hand, the tourism exchange rate is the rate you will encounter when exchanging money at airports, banks, and exchange offices. These entities employ the tourism exchange rate to accommodate additional expenses and increase their earnings during the transaction. This is the most unfavorable exchange rate.

Therefore, it is always advisable to exchange currencies using the official/commercial exchange rate and NOT the retail/tourist exchange rate. We have indicated which rate each company uses in the list below.


How to send money abroad to save money while traveling?

As you may already know from our previous article on handling money and exchanging while traveling, using your debit, credit, or prepaid card abroad while traveling will incur a 6.38% IOF charge on the value of each transaction, which can add up to a lot of money!

The most economical option is to exchange money in your home country before traveling, purchasing dollars, euros, or other currencies at commercial rates from banks or exchange offices and utilizing them while overseas. However, it is not recommended to carry a large amount of cash while traveling, and exchange brokers’ quotes are usually tourism quotations and may not be appealing, resulting in a loss of money.

A more cost-effective alternative for travelers is to use one of the options below to send money to family and friends in the countries you intend to visit during your trip. Upon arrival, you can retrieve the money in the local currency from the acquaintances who received your money from your home country.

For instance, suppose you are in Brazil and planning to travel to Singapore, where your brother is studying. In that case, you can use one of the nine listed companies below to transfer money to your brother’s checking account. He can withdraw the money in dollars and return it to you upon your arrival in Singapore, eliminating the need to exchange money before leaving Brazil or upon arriving in Singapore.

Now, let’s discuss the nine most cost-effective companies and websites for sending, receiving, and transferring money abroad. But first…


What’re the 3 ways you should NEVER send and receive money abroad?



Many people around the world believe that using a bank is an easy and cost-effective way to send or receive funds internationally. However, this is far from the truth!

Sending money through banks internationally can be very expensive! Banks use SWIFT codes (or BIC) and IBANs for incoming and outgoing global wire transfers, and they will take advantage of you!

Typically, they charge a percentage of the total transferred amount, as well as a fee that can sometimes be almost equal to the transfer itself. To make matters worse, the exchange rate they offer is often unfavorable. As a result, if you transfer money to another country through a bank, you’ll likely lose a significant amount of unnecessary money.

For instance, if you use an American bank to send money to a European bank, the charges could quickly add up to at least $45 for a single wire transfer (in addition to a poor exchange rate).

Xe (one of the companies I recommend below) provides a comprehensive comparison of their rates with those of major banks for global wire transfers (formerly known as HiFX, which was acquired).


international wire transfers


And this table gives you an idea of the fees charged by banks for incoming and outgoing international wire transfers…ouch!



#2) and #3) Western Union or MoneyGram

send money abroad 9 international transfers





These are two of the largest money transfer companies worldwide. Unfortunately, this also implies that many people use them and unwittingly waste their money, simply because they are unaware of better alternatives.

But if so many others use Western Union and MoneyGram, why should you steer clear of them?

Because they…

  • Are exorbitantly costly and charge a significant percentage of the funds you are sending (For example, MoneyGram will charge you nearly 25% of the amount you are transferring – which is $22 for a $100 transfer…an absolute ripoff!)
  • Do not provide online options for sending or receiving money (you must personally visit their branch and so must the recipient) Typically use the retail/tourist exchange rate (also known as the unfavorable rate)


One last time, here are the 3 ways you should NOT do international transfers to Singapore:

#1) Banks

#2) Western Union

#3) MoneyGram


international wire transfers 1



Then what are the cheapest and most practical ways to do international money transfers?

I am about to present my top picks for affordable and convenient options, whether through mobile apps or web platforms. Nonetheless, I highly recommend trying out all the available options to find the one that best fits your needs and budget.


    1. Wise (formerly Transferwise)Wise

Wise, formerly known as TransferWise, is an excellent choice for affordable and user-friendly international money transfers. It’s my personal favorite and one I use frequently.

To use Wise, you need a bank account in the destination country’s currency. It can be in someone else’s name, making it ideal for sending money to friends and family. Just enter the currency and amount you want to transfer, such as R$ to euros, and the amount you want to transfer, such as R$1,000. Wise will provide you with the final amount the recipient will receive in euros, including all fees, taxes, and other costs.

It’s worth noting that Wise uses Google’s official exchange rate for converting Real to Euros, ensuring that you receive the best possible rate, regardless of the transfer direction or currencies involved.

To continue, enter your information, including the recipient’s bank details, even if it’s your overseas account. Wise will provide you with a bank slip to pay the transfer amount, with no additional fees for issuing the slip. You can pay the slip at a bank, even if you don’t have an account there, or online using internet banking from your home.

Depending on the country of origin, you can transfer funds to Wise using a domestic transfer, debit card, or credit card (with an additional fee for credit card payments).

The recipient’s account will receive the funds within 1-3 days, although this may vary depending on the location.


international transfers 6

 outgoing international wire transfers 4


And notice that the currency exchange rate from Wise is pretty much the same as the official one given by Google!


international transfers 4 international transfers 5


Pros of using Wise for international money transfers:

  • It’s the cheapest way to transfer money I’ve found– their fee is only around 0.35% of the total transfer value
  • They use the official exchange rate (which is much better than the “tourist” exchange rate)
  • It’s super practical – you can do everything online
  • It’s cheaper and easier than sending money internationally using banks
  • There isn’t a minimum transaction amount
  • You can use Wise to transfer money overseas for your Business and pay suppliers or employees
  • You can send money to more than 40 countries plus all the countries that use the Euro (19 in total) *
  • You can receive payments worldwide


By the way, if you want to send money to Spain, Portugal, Ireland, or other countries that use the Euro, the process is the same. All you need is to select Euro when you begin your transfer and then put the info of the bank account in the country receiving the money.


*Countries that use the Euro:

Germany, Austria, Belgium, Cyprus, Slovakia, Slovenia, Spain, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Portugal, Andorra, Monaco, San Marino, the Vatican, Kosovo, Montenegro.


Cons of using Wise for international money transfers:

  • Until recently, it was not possible to send money if the person did not have a current account in the destination country of the transaction. But now, with Wise’s digital and physical cards, you can make payments directly from your account on the platform, but check availability in your region!

However, if in the country you are in this service is not yet available, an easy way to circumvent this problem is by using the checking account of someone you trust. Here in Sweden, for example, I helped a fellow Brazilian receive money here from his family in Brazil. They transferred the money to my Swedish bank account, I withdrew the money from the ATM and gave it to him.


Personal experience with Wise:

I’ve used Wise to send money from the United States to Brazil (which can be done with a credit card!), from the United States to Sweden, from Australia to Sweden, from Australia to Sweden, and from Sweden to the United States. It’s always worked smoothly for me! So, I’d definitely recommend it.


If you want to see, here’s a video explaining how Wise works:



    2. Xe

Xe is a reputable platform that facilitates global money transfers for individuals. Like Wise and CurrencyFair, Xe also offers this service.

Moreover, Xe is one of the largest websites globally for tracking exchange rates between any two currencies, including their past values. This function is highly beneficial in determining whether a specific currency is appreciating or depreciating compared to another.

To determine transfer fees, you must register for a free account with Xe ahead of time.

It’s important to note that Xe does not provide money transfer services to certain countries. Nevertheless, it is a great alternative for people of other nationalities who want to send or receive money from various countries worldwide.



PROS of using Xe for international money transfers:

  • Xe does not have a minimum or maximum limit for the transfer value.
  • They charge a relatively low fee to send and receive money from abroad (for example: for transfers up to 500 USD a fee of 3 USD is charged)
  • They don’t charge any fees to send or exchange abroad
  • They use a rate close to the official rate
  • It’s super practical – you can do everything online
  • You can send money to more than 26 countries plus all the countries that use the Euro

You can see which currencies they work with on their homepage here.

And you can easily sign up on Xe for free to check how much you’d save on a transfer.


Cons of using Xe to transfer money:

  • They don’t with all currencies
  • You must open an account before getting a quote for the cost of your transfer…..but it’s free to open an account and super fast
  • Sometimes it costs more to transfer with Xe than with Wise or CurrencyFair because their rates aren’t always as good (you’ll have to compare for your individual transaction to see what is best)


My personal experience with Xe: 

Honestly, I’ve never used Xe. But I have a friend who tried using it to send money from the United States to Sweden and she said everything worked just fine and the cost was pretty good. Plus, I use them all the time to check currency exchange rates when I’m traveling overseas. 



   3. WorldRemitworld-remit

WorldRemit is headquartered in Brussels and fully licensed by the National Bank of Belgium. With operations in more than 150 countries, including the United States, the United Kingdom, India, Brazil, and various European countries, they enable transactions in over 90 currencies.

WorldRemit’s services go beyond money transfers, as they also provide mobile top-ups in more than 110 destinations. With their low service and exchange fees, the first international money transfer is fee-free.


world remit to brasil


Pros of using WorldRemit for international money transfers:

  • Low fees and first free transfer
  • Services available in several countries
  • Cell phone recharge option


Cons of using WorldRemit for international transfers:

  • No website in Portuguese


Personal experience with WorldRemit: WorldRemit really does work at low rates, so it’s worth making a quote through this site and comparing it to others on the list. Also, your first download is completely free!



   4. Remitlyremitly logo

Remitly is a prominent player in the worldwide money transfer market. Though it initially only provided services within the United States, it has since expanded to numerous countries worldwide.

One of Remitly’s main advantages is its remote remittance service, which allows users to transfer money to another country and have it delivered to the recipient’s preferred location in cash using their delivery service.

Moreover, in addition to their delivery service, Remitly also offers online transfers to both traditional and digital bank accounts.


A forma mais barata de transferir dinheiro do exterior para o Brasil


Pros of using Remitly for international money transfers:

  • Remittance option delivered in cash to the desired address;
  • Simple and super practical interface;
  • Transfer option for digital accounts.


Cons of using Remitly for international transfers:

  • The site is not available in Portuguese;
  • Compared to other companies on the list, it does not work with a large number of countries.


Personal experience with Remitly:

I’ve never used Remitly, but user feedback is pretty positive. This is really a great option if you need to send money to someone who is not comfortable with technology or if you need cash on hand for a trip, for example.



    5. CurrencyFairinternational transfers 0

CurrencyFair operates in a similar manner to Wise, with an identical money transfer process.

However, CurrencyFair has a disadvantage in that it supports fewer currencies and does not cover certain currencies, such as the Brazilian reais.


international transfers 2
send money abroad 0 send money abroad 2


send money abroad


Pros of using CurrencyFair for international money transfers:

  • It’s a super cheap way to send and receive money from other countries – they only charge around 0.35% of the total value, like Wise does
  • They use the official exchange rate (which is much better than the “tourist” rates banks use)
  • It’s super practical – you can do everything online
  • You can send funds to more than 18 countries, including those that use the Euro
  • As with Wise, you can use CurrencyFair for your Business to pay suppliers or employees
  • It’s cheaper and faster than doing international transfers with a bank
  • There isn’t a minimum transaction amount
  • Now they are also working with Indian Rupee (INR)


Cons of transferring money with CurrencyFair:

  • It only works with about half the number of currencies Wise does


Personal experience with CurrencyFair:

I’ve also used CurrencyFair to send money from the United States to Sweden, and it worked just as well as Wise did.

Here’s a quick video on how to sign up for free:



And how to do a transfer with CurrencyFair:




   6. InstaremSeguro Instarem

Instarem is a financial technology company that specializes in providing global currency exchange and money transfer services. It was founded in 2014 in Singapore and currently operates in over 25 countries worldwide, leveraging state-of-the-art technology to offer efficient, convenient, and affordable financial solutions to its clients.

Instarem’s rates are highly competitive and transparently displayed for customers. Moreover, the company offers a rewards program that allows you to earn points when you send money quickly and effortlessly from anywhere.

Regarding travel insurance, Instarem provides a comprehensive range of products that cover medical emergencies, trip cancellations, lost baggage, and other unforeseen events. Its insurance solutions are customized to meet the unique requirements of each client and can be easily purchased via the mobile app or website. Furthermore, Instarem partners with top insurance providers to ensure that its customers receive the best possible coverage.


Seguradora Instarem


Seguradora Instarem


Pros of using Instarem for international money transfers:

  • The company is present in more than 25 countries, which allows it to serve a wide variety of customers around the world. In addition, the company’s geographic expansion has been constant and promising.
  • Great Value: Low fees. Great exchange rates. nothing hidden
  • Secure and reliable: Industry-leading technology moving $4 billion annually
  • Rewards: Send money and earn points to enjoy even greater value
  • Save time: skip the lines and send money quickly
  • Anytime, Anywhere: Send money anywhere with our app


Cons of transferring money with Instarem:

  • Transfer Fees and Limitations: Like any financial services company, Instarem charges money transfer fees and sets limits on transactions. This can make the company’s services less accessible to customers with lower purchasing power or who need to send large amounts of money.


Personal experience with Instarem:

Although I have never used Instarem, user feedback is generally very positive. This can be an excellent choice if you need to send someone money!



   7. RiaSeguro Ria

Ria is a financial services firm that provides international money transfer solutions to people across the globe. Founded in 1987, it is headquartered in the United States and has significantly expanded its global footprint.

Ria’s services comprise wire transfers, bank deposits, and bill payments, and it has a significant presence in more than 160 countries through a vast network of over 436,000 agent locations worldwide.

The company strives to deliver safe, convenient, and cost-effective money transfer solutions to individuals and families who want to send money to their loved ones globally.


Seguradora Ria

Seguros Ria


Pros of using Ria for international money transfers:

  • Ria has a global presence with over 436,000 agent locations worldwide, which makes sending and receiving money more convenient for its customers;
  • Ria offers a wide range of payment options, including wire transfers, bank deposits and bill payments.


Cons of using Ria for international transfers:

  • Ria imposes daily and monthly limits on the amount a customer can transfer, which can be an inconvenience for those who need to send large amounts of money;
  • Ria may charge additional fees, depending on the destination country and the payment method selected by the customer;
  • Ria may require customers to go through an identity verification process, which can be time consuming and inconvenient.


Personal experience with Ria:

Although I don’t have personal experience with Ria, user feedback is often highly positive. This can be an excellent option if you need to send someone money.



Bonus: Online International Money Transfer Companies


   Bonus 1. TransferGoBest ways to transfer money from Europe to Brazil

TransferGo is a European-based company that specializes in international money transfer services for European residents and visitors who need to send money abroad. They operate in over 60 countries, but currently only customers with European bank accounts can send money to Brazil. Nevertheless, they provide various transfer options with competitive fees.

TransferGo allows customers to send money directly from their bank account, debit card, or credit card. They offer both fast transfers, which can be completed within 30 minutes, and low-fee economic transfers, which may take up to three days. The transfer process is user-friendly and straightforward, making TransferGo a convenient and easy-to-use option for international money transfers.

When making transfers with TransferGo, you can use this code or coupon: HMSESq


Best ways to transfer money from Europe to Brazil


Pros of using TransferGo for international money transfers:

  • There are no daily limits for transfers on TransferGo
  • They work with fast transfer options (for a fee of £2.99)
  • They allow transfers directly from your bank account, debit card or credit card to foreign accounts
  • They have a simple and practical interface to receive money from abroad


Cons of using TransferGo for international transfers:

  • Each transfer may not exceed the $30,000.00 limit
  • It is not possible to transfer money from the USA, Canada, among other countries to Brazil


Personal experience with TransferGo:

If you are looking for a company to transfer money from Europe to the rest of the world, this is a great option. In my experience, the whole process is done very simply and cheaply.



   Bonus 2. OFX OFX Logo

OFX is a renowned global financial company that specializes in offering international money transfer services to individuals and businesses. The company was founded in Australia in 1988 and has expanded its operations worldwide, including in the United States, Canada, the United Kingdom, and New Zealand. OFX provides competitive exchange rates, low transfer fees, and personalized services tailored to meet each customer’s unique needs.

The company’s primary focus is to offer secure, fast, and affordable money transfer services with 24/7 customer support. OFX offers various transfer options, including wire transfers, bill payments, and recurring transfers.

OFX is an excellent choice for individuals and businesses who need to transfer large amounts of money overseas, such as international students, expats, and companies engaged in global trade. With a proven track record of exceptional customer service and satisfaction, OFX is a reputable and well-established name in the international money transfer industry.


Insurance OFX


Pros of using OFX for international money transfers:

  • Low transfer fees: OFX charges a low transfer fee or even no fees for transfers above a certain amount, depending on the country of origin and destination.
  • Customized Services: OFX offers customized services to meet each customer’s individual needs, including scheduled transfers, wire transfer options and bill payments.
  • Customer support available 24/7: OFX offers 24/7 customer support to ensure you get help whenever you need it.
  • Extensive transfer options: OFX offers a wide range of transfer options, including wire transfers, bill payments and scheduled transfers, allowing you to choose the option that best suits your needs.

Cons of transferring money using OFX:

  • OFX doesn’t support all currencies, so there may be some limitations on which countries or regions you can send money to.
  • Also, while OFX offers competitive exchange rates, it is possible that other companies or services may offer even better rates at certain times.
  • Finally, transfer processing time can take a few business days, which can be inconvenient if you need to send money urgently.

Personal experience with OFX:

Although I haven’t had the opportunity to personally use OFX’s services, user reports are often highly positive. Based on this positive review, OFX can be considered an excellent option for those who need to send someone money.



   Bonus 3. PayPal

Paypal is a popular online payment platform that facilitates transactions between parties. It is commonly used for payments on eBay.

While Paypal can be used for international money transfers, it has a restriction in that funds cannot be withdrawn without a linked US bank account. However, you can use your Paypal balance to make purchases at online retailers that accept Paypal as a payment method, such as eBay. You can also transfer your Paypal balance to another person.


international transfers 1


Pros of using Paypal for international transfers:

  • It’s a very easy and practical way to send/receive money between almost any two people in the world
  • It’s very popular
  • You can use it to send/receive payments from overseas from any person that also has Paypal (since you only need an email to open an account)
  • It’s super practical – you can do everything online.
  • Works for people from all over the world (although you can only withdraw the money if you have a U.S. bank account)
  • There’s no minimum transaction


Cons of using Paypal for international transfers:

  • You can’t take money out of your Paypal wallet (if someone sends it to you) unless you have a bank account in the United States (otherwise, you’ll have to leave it in your Paypal account and can only use the money to buy things on websites that accept Paypal, like eBay)
  • They charge a 3% fee on some transfers
  • They don’t use the official exchange rate (they use the retail/tourist rate instead), so you’ll lose some money when you exchange from one currency to the other


Personal experience with Paypal:

I use Paypal directly to buy things on eBay and to receive payments from a few companies that only pay with Paypal. But I don’t use it for international transfers because I think the exchange rate is bad and the options above are better, so it’s up to you.




How to do international transfers using digital currency

Digital currencies like Bitcoin are a recent addition to the global financial market. Despite being in their early stages, they are rapidly gaining popularity.

One major benefit of cryptocurrencies is their capacity to facilitate low-cost international money transfers when compared to conventional methods. Furthermore, transactions can be completed within minutes, regardless of the receiver’s location.


  • Coinbase (for getting digital currencies like Bitcoin, Ethereum, and Litecoin)receive money from abroad 1

Coinbase is a trustworthy platform for sending money globally via cryptocurrencies like Bitcoin, and I highly recommend it. It is known as the world’s largest cryptocurrency exchange and has earned the trust of many.

To get started, create a free Coinbase account and provide your personal information. Then, transfer funds from your bank account to your digital wallet and purchase your preferred cryptocurrency. Coinbase offers popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

Once you have obtained the cryptocurrency, you can send it to anyone worldwide who has a digital wallet. Just enter their wallet address and send the coins through your digital wallet.

Once the recipient receives the cryptocurrency, they can convert it into their local currency (such as Brazilian reais, Euros, or Dollars) and transfer it to their bank account using the Coinbase platform.

The platform is user-friendly, and the process is straightforward. Additionally, if you’re interested in investing in cryptocurrencies, Coinbase is an excellent option due to its size and reputation.


international transfers 3



How to invest in Bitcoins or other digital currencies

Opting to retain digital currencies after purchasing them gives you the opportunity to wait for their value to rise, and potentially sell them in the future. Nonetheless, it is vital to bear in mind that there is no assurance that the currency will appreciate in value, and it is possible that it could even decline in value.

So be careful with investing in digital currencies! Don’t use money that you’ll need in short or midterm!


Pros of using cryptocurrency for international transfers through Coinbase:

  • It’s a cheap way to send money between almost any two countries in the world
  • It’s getting more and more popular
  • You can use your bank account, debit card, or credit card to do the deposit into your digital wallet in Coinbase
  • You can use it to receive payments from overseas from any person that has their own digital wallet (your digital wallet can be through Coinbase or any other platform that works with cryptocurrency)
  • It’s very easy – you can do everything online
  • There’s no minimum transaction


Cons of using cryptocurrency for international transfers through Coinbase:

  • The value of the digital currencies still varies a lot (AKA: it’s highly volatile), so it’s possible that the amount you send may already be worth more or less by the time it arrives at the destination
  • You have a pay a fee of a small percentage of the total value you deposit in Coinbase. If you use a credit card, this fee can be up to 3%
  • It can take a few days for the purchase of Bitcoin to be finalized. With Ethereum and Litecoin, the buy and sell confirmation is faster
  • It’s a new market and many people still don’t know how it works


Personal experience with Coinbase:

On a previous occasion, I opted to use digital currencies to pay for an online purchase, as it was more cost-effective compared to using credit cards. I chose to utilize Coinbase to purchase a small amount of Bitcoins and transferred them to the online store. The process was straightforward and the transaction went smoothly.


Summing up…

The 7 cheapest ways to receive, send, and transfer money abroad:

  1. Wise
  2. Xe
  3. World Remit
  4. Remitly
  5. Currency Fair
  6. Instarem
  7. Ria
  8. TransferGo
  9. OFX
  10. Paypal
  11. Coinbase


In Brief….  

Doing your due diligence and comparing options is crucial when it comes to sending and receiving money internationally. By taking the time to evaluate exchange rates, transfer fees, and other factors, you can significantly impact the amount you ultimately send or receive.

One strategy to simplify the process is to select a specific amount, such as $500 USD, and test each of the options mentioned earlier to determine which provides the best value in terms of the received amount. While this may require additional effort, it can result in significant savings and enable you to obtain the most favorable deal.


Protect yourself against fraud and common scams with international money transfers!!

Use only the companies listed above to transfer money to trusted individuals or reputable companies with positive feedback. Do not transfer money to anyone you don’t know personally. Additionally, be cautious if a family member or friend sends you an urgent message requesting money but you are unable to contact them through phone, Skype, WhatsApp, or other reliable means.


By paying attention to strange signs like the ones below, you can tell if you’re being the victim of a scam or not….and then avoid it if you are. Think very carefully before making a transfer. If you’re not sure, don’t take the risk!

Don’t send/transfer money to people or companies:

  • If you or your family/close friends don’t know them personally
  • For a deposit to buy a property or a rent payment. Take note of this one because it is one of the most common scams for people that live abroad!  ONLY send them if you are personally in the city where you are renting and you have personally visited the property & met with the agent/landlord of the place that’s to be rented or purchased. Seriously, this scam is a lot more common than you think….and a lot of people who move abroad get screwed by it!
  • To buy something online. You shouldn’t have to use an international transfer for this, better to use a credit card or Paypal (which have payment protections)
  • From a place claiming to protect you from a virus that doesn’t accept credit cards (since all trusted antivirus companies should)
  • For an emergency situation that hasn’t been confirmed by a friend or family member
  • To “redeem” lottery winnings or prizes….another super common scam!
  • To make charitable donations. Ask for another way to contribute…be wary of any charity asking for international money transfers
  • To start working as a mystery shopper. You should never have to pay for this, it’s free!
  •   To get a job….this is always a scam! Don’t pay a company to start working with them!
  • For a credit card fee or loan. These fees are ALWAYS paid via your credit card and not through international money transfers

Use only the companies listed above to transfer money to trusted individuals or reputable companies with positive feedback. Do not transfer money to anyone you don’t know personally. Additionally, be cautious if a family member or friend sends you an urgent message requesting money but you are unable to contact them through phone, Skype, WhatsApp, or other reliable means.



That concludes my guide on how to conduct international money transfers in a seamless, economical, and secure way.

If you have any questions or concerns, please leave a comment in the section below, and I will do my best to respond promptly.


Planning your next trip?


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Already reserved your hotel or hostel? If not, we recommend Booking.com. They have a huge selection of hotels and hostels all over the world. Plus, in most cases, you can cancel your reservation up to a few days before the check-in date without any costs! 


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Still haven’t booked your plane ticket and want to save big? Take a look at Momondo. It’s a flight aggregator that combines several other ticket search websites to make it easier for you to compare prices and make sure you are getting the best deal. 


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And finally, will you need to rent a car during your trip? Then check out Rentalcar.com to search and compare car rental companies from all over the world in a single website. Then, you can find the cheapest price for the best car!





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