The Best Money Transfer Apps of 2021

By Remitbee - Apr 26, 2021

With the COVID-19 pandemic forcing everyone to stay at home, financial services were made even easier at the tip of the fingers for all types of users. It has always been a necessity to transfer money within and outside the country for many reasons. Some use it for business while some use it to support their families back in their homeland. But for whatever reason we may have, we all want to use the best among the rest. That’s why we’ve listed out the most talked about and most used money transfer apps for Android and iOS - in no specific order.


Remitbee Online Money Transfer service was founded in Canada in 2015 and is now a trusted platform for thousands of Canadians to transfer money to 40+ countries worldwide. Transfer fees depend on the payment method you choose. For transfers below 500 CAD, the transfer fee is 2.99 CAD when you use Remitbee Wallet (includes E-transfer, Bill payment), EFT, Interac, and Visa Debit/Mastercard Debit. All transfers 500 CAD or more are completely FREE if you use the Remitbee wallet or EFT payment method. You can easily check the fees through this convenient fees calculator


XE is one of the most reputable foreign exchange brand names known for its wide array of foreign exchange tools. From Canada, they can transfer funds to over 130 countries and 65 currencies. They also don’t charge transfer fees. This means you can transfer large amounts of money without spending a cent on fees. Their payment options are Debit Card and Bank transfer.


WorldRemit is an online money transfer business that provides international money transfer services in more than 50 countries. The transfer fee can range from $3.99 to $24.99 depending on various factors such as the currency, country, amount, and delivery option. Depending on the country you’re registered in, you can pay for your WorldRemit transfer using Card (debit, card, and prepaid), Bank Account Transfer, Poli, Interac, iDEAL, Klarna (Sofort), Apple Pay, Trustly, ACH.


Paysend is a global FinTech company on a mission to change how money is moved around the world. They currently serve over 2.5 million customers in more than 90 countries globally. Regardless of the amount being transferred, Paysend charges a fixed fee. For instance, customers sending money from Europe are charged 1.50 euros while those making transfers from the United States, Canada, and the United Kingdom pay $2, 3 CAD, and £1 respectively. You can link your Mastercard/Visa debit, credit or prepaid card to your account and pay for your transfer.


Remitly is an international payments company that leverages digital channels, including mobile phones, to send money internationally. They support money transfers from 17 sending countries to 88 receiving countries around the world. Transfer fees can vary based on how much you send, and the delivery speed you select. Express will deliver money faster for a higher fee, while Economy will offer lower fees and a slightly longer delivery window. Transfers can be paid through Visa and Mastercard (debit or credit cards), bank account, and prepaid cards for U.S., Canada, and Australia.


Transferwise is a London-based online money transfer service founded in 2011 and supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and provides multi-currency accounts. Their fee is worked out as a percentage of the amount you’re sending so percentage varies from currency to currency. The more money you send, the more your transfer costs. So it depends on three things - the amount you’re sending, how you pay, and the exchange rate. Depending on the country you’re sending from, there are different ways of paying for the transfer.


Paypal is an electronic commerce company that facilitates payments between parties through online transfers. Paypal account holders can use the company’s website or mobile app to transfer money to others using the recipient’s email address or mobile phone number. Their website advertises a 2.9% + a 30 cent transaction fee, which works out to $3.20 for a $100 transaction. Transactions can be paid using a variety of methods including: PayPal Cash or PayPal Cash Plus account balance, a bank account, PayPal Credit, debit or credit cards and rewards balance.


InstaReM is a leading digital cross-border payments company that enables consumers, small and medium enterprises, and financial institutions to make international money transfers at a low cost. They send money to 53 countries from Singapore, Hongkong, Malaysia, India, United Kingdom, United States, Canada, Australia and Eurozone countries. Fees differ from countries and corridors of transfers with typical fees varying between 0% to 1%. Transfer money to InstaReM through Electronic Funds Transfer (EFT) / Bank Transfers / Wire Transfers in all countries. You can also send money through POLi (in Australia), Debit Card (in EU), FPX (in Malaysia) and ACH Pull or Bank Transfer method (in USA).


MoneyGram International, Inc. is an American money transfer company based in the United States. The company provides its service to individuals and businesses through a network of agents and financial institutions. In 2014, MoneyGram was the second largest provider of money transfers in the world. There are more than 200 countries and territories you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying. Fees are typically lower if you pay with a bank account (must be a U.S. checking account). If you pay with your credit or debit card, the fees are slightly higher.

Ria Money Transfer

Ria opened its first store in 1987 and has since grown to become the third-largest money transfer in the world. They currently serve customers in 160 countries through more than 400,000 locations worldwide. Fees depend on the amount to be sent, the payment method, and the country you are going to send to. Using a debit or credit card to pay for your transfer may require a fee but the money usually arrives within 15 minutes. The least expensive option is to use a bank account to pay for your transfer but may take up to 4 business days for the money to arrive. Otherwise, you can also visit one of Ria’s stores and pay in cash.


OFX is an Australian online foreign exchange and payments company with headquarters in Sydney. The company provides money transfer services to Travelex, MoneyGram, Xero, ING Direct, and Macquarie International Money Transfers as well as individuals such as migrants and expatriates and small businesses. With 115 bank accounts in their global network and 55 currencies to make a transfer with, chances are you can OFX it.


Xoom, a PayPal Service is an electronic funds transfer or remittance provider that allows consumers to send money, pay bills, and reload mobile phones from the United States and Canada to 131 countries. Xoom may charge a transaction fee when you send money and it may vary depending on transaction type, your payment method and what currency you pay with, the amount of the transaction, which country the transaction is going to and which currency you select for the other person to receive. Transfers in CAD can be paid using a bank account, debit card, credit card, or your PayPal balance and other payment methods in your PayPal account.


Azimo offers money transfers to more than 200 countries and territories worldwide with customer support in 8 languages - English, German, French, Spanish, Portuguese, Polish, Russian, and Italian. First two Azimo transfers are fee-free while Azimo Business customers get five fee-free transfers. After that, pay as little as £0.59 per transfer.


TransferGo is an international money transfer company, offering a range of affordable money transfer services from the UK without excessive bank fees. Founded in 2012, the fast-growing Fintech brand currently serves 22 currencies across 47 countries and counting, with offices across Europe. Their pricing is based on very competitive currency rates, and how quickly you want the money you send to arrive at its destination.


Skrill is a digital multi-currency wallet provider supporting over 40 currencies and can be used for handling online payments, making transfers and storing money. Transactions are free when you (1) pay a merchant directly from your Skrill wallet, (2) receive money to your Skrill account, (3) send money to an international bank account with Skrill Money transfer. However, they have announced that starting 22 February 2021, a markup fee of up to 4.99% per transaction shall be applied for foreign currency transfer.


ecoPayz is a global payment solutions provider offering instant, safe and convenient payment services to customers and businesses across the globe in up to 10 currency accounts with 50 currencies supported. However, to use the service, both the sender and recipient need to have an ecoAccount at Silver level. New customers can open a free Classic account and then upgrade to Silver level. To pay for the transfer, funds can be deposited to the ecoAccount through credit or debit card, local bank deposit, local services, international bank deposit, alternative currency deposit. Sending money to other ecoAccount holders is free of charge starting from Gold level. At Silver level, the sender pays a 1.50% fee for the money transfer.

Sometimes, it can be intimidating to choose because of the many options available. However, aside from the exchange rate, transfer fees are the top deciding point since it is an additional cost for the sender. Another deciding factor is the countries where they send money. There could be a low to no transfer fee, but can they send your money to the country you intend to? Also, will the payment method be convenient for the sender? There are definitely many more factors to consider but these are the usual ones.

Still can’t decide? Here’s a great article in choosing What’s the Right Money Transfer Service for You?. Each user has different needs. But the one that leaves you with more money to send for your loved ones is surely the best!

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