If you’re looking for the best money transfer service to sign up for, you can find the best providers for domestic and international money transfers here! So if you’re going to send money online abroad, the best way to see is how and where you want to send it! Continue reading below because we’ve compiled a list of good promotions for sign-up and referrals from various money transfer service providers.
Money Transfer Services: Things to Look For
Each money transfer service has their own advantages and disadvantages. Other companies give you tools to protect your international payments from the fluctuating market and predict when it’s the best time to transfer.
Products
All services offers one-off payments, while some might arrange regular transfers or secure an exchange rate for a future transaction.
- Spot deal: You can lock in the current exchange rate on the spot for transfers initiated in the next 24 hours. This will ensure you getting the exchange rate you want when your payment goes through since the rates are constantly fluctuating in the market.
- Recurring transactions: Need to make a transfer regularly? You can set up bi-weekly, monthly or quarterly payments to occur automatically. From time to time, providers will waive transfer fees if you sign up for recurring transactions. Plus, you might have an option to lock a fixed rate for all your payments.
- Forward contract: Forward contracts lets you lock in good exchange rates and it usually lasts longer – from three months to a year. In most cases, you’ll need to pay an initial deposit in order to lock in the rate.
- Limit or firm order: You can create a limit order, if you don’t have time to check exchange rates. All you have to do is propose an exchange rate you’d like to see and the provider will monitor the rates for you. If it reaches the target number you wanted, the provider will perform the transfer automatically.
Transfer Fees
Most of the services charge a flat fee or a percentage of your transfer for every transaction you make. Please remember to compare exchange rates as w ell to make sure you’re getting the best deal.
Exchange Rates
Locking in a good rate is important to get the best value. Your recipient will get the most money of the deal, rather than losing your cash to your provider.
First know the mid-market rate for your currency pair when you’re comparing exchange rates. The mid-market is what your money is worth on the global market compared to another currency. It’s used as a baseline to measure against the rates given by your bank or transfer provider.
Transfer Speed & Limits
There is a limited quantity of companies that allows instant deposits and cash pickups like Western Union, MoneyGram and Xoom. But fast transactions often equals higher costs. This is a reminder to balance the provider’s exchange rates and transfer fees against your need for speed.
Make sure to prioritize transfer limits when you have to send large amount of money at a time. You’ll need to take a closer look at the exchange rates and transfer fees when comparing providers. Most will reward large transfers with low fees and competitive rates.
Payment & Delivery Options
You can fund your transfer in different ways: in person at agent locations, through an app with a bank account, debit or credit card online or by phone. Recipients also have various delivery options including cash pickup, bank account, debit card and mobile wallet deposit.
Top Money Transfer Service Promotions
Cash App – $5 Sign-Up Bonus
Get Cash App bonus w/ registration!
Cash App is offering a $5 bonus when you sign up for a new account and send a total of $5 to someone! You’ll need to use an existing member’s referral link for the offer! Luckily for you, we have a referral link that you can use! You can also use our code BSXGPJH!
(Visit the link above to sign up with us)
Remitly – $20 Sign Up & Referral Bonus
Get a $20 Sign-Up Bonus And $20 Per Referral
With Remitly, you can get $20 off your first transfer when you send $100 or more! This offer is valid for new customers only. Once you finish signing up, you can start referring your friends and earn a $20 bonus for each successful referrals!
Editor’s Note: Currently we do not have a referral link, but our readers are welcome to post theirs in the comment section below.
(Visit the link above to sign up for Remitly )
TransferWise – Free International Transfer
Get free international transfer!
If you haven’t used TransferWise, take the opportunity to do so! It’s the best way to send and spend money overseas! When you use a referral link, you can get a free international transfer, up to $500!
Editor’s Note: Currently we do not have a referral link, but our readers are welcome to post theirs in the comment section below.
(Visit the link above to sign up for Transferwise)
MoneyGram Get 20% – 40% Fee Discounts
MoneyGram Get 20% – 40% Fee Discounts
MoneyGram is offering their rewards program called Plus+ Rewards where you can save on their fees. You will earn a 20% off welcome gift fee discount on your second transaction after enrollment. Additionally, get a 40% off fee discount after every 5th transaction.
(Visit the link above to sign up with us)
WorldRemit 3 Fee-Free Money Transfers
Get three fee free transfers w/ WorldRemit
WorldRemit is offering a promotion where you can get your first three transfers fee-free! All you have to do is use the code 3FREE for the promotional offer to apply.
(Visit the link above to sign up with us)
WorldRemit Zero Fee For Your First Money Transfer
Pay no fees on your first transfer
If you’re planning on transferring anytime soon, make sure to do your first transfer with WorldRemit! They are offering zero fee on your first transfer with promo code FREE!
(Visit the link above to sign up with us)
Ria No-Fee First Money Transfer Offer
Ria No-Fee First Money Transfer Offer
Ria has an offer where new customers can get no-fee on their first money transfer! Simply use the link below and scroll down to find the offer. Use the promo code FREE to save money on your first transfer.
(Visit the link above to sign up with us)
Xoom – $10 Sign-Up Bonus
Sign up for an account to earn $10
Xoom is offering a $10 sign up bonus in the form of an Amazon gift card when you sign up for a new account and transfer $50+ in funds. Simply click on the button provided below to sign up.
(Visit the link above to sign up for Xoom)
Travelex – Up to $60 Discount on First Order
Get discount on first order!
Travelex is currently offering up to $60 off your first currency exchange order when you buy at least $25o. This is a very simple offer to make because all you have to do is sign up for an account to get your discounted exchange.
(Visit the link above to sign up for Travelex)
List of Additional Money Transfer Services
 |
 |
Bottom Line
When you’re ready to send money to your family members or friends abroad, you can checkout each of the services we’ve listed above because these are the best transfer services we’ve compiled for you! Check out each services’ offers and promotions that you can take advantage of! You can also check out other Money Transfer Services here on HMB!
Leave a Reply