How to Send Money to Kenya from USA (6 Cheapest Ways 2026)

bankseermain on December 28, 2025

Kenya receives over $4 billion in remittances annually, with M-Pesa making it one of the world’s most mobile-money-friendly countries. If you’re sending money to family in Kenya, knowing the right service can save you hundreds.

I tested all major providers to find the cheapest and fastest ways to send dollars to Kenyan shillings in 2025.

What You Need to Send Money to Kenya

Before comparing services, gather:

  1. Recipient’s details:

    • Full name (as on national ID)
    • M-Pesa number (most common), OR
    • Bank name and account number, OR
    • Pickup location for cash

  2. Your information:

    • Valid US ID
    • US bank account or card
    • Purpose of transfer (family support, etc.)

6 Cheapest Ways to Send Money to Kenya

1. Remitly – Best Overall for Kenya

Fees: $0-4 Exchange Rate: 0.5-1.5% markup Speed: Minutes (Express) to 3 days (Economy) Delivery: M-Pesa, bank, Airtel Money, cash pickup

Why Remitly wins: Instant M-Pesa delivery. Competitive rates. Built specifically for Kenya corridor.

Best for: Most transfers, especially to M-Pesa users

Try Remitly now →

Wise vs Remitly comparison

2. Sendwave – Best for Small Amounts

Fees: $0 Exchange Rate: 1-2% markup Speed: Minutes Delivery: M-Pesa, Airtel Money, bank

Why choose Sendwave: Zero fees make it unbeatable for smaller, frequent transfers. Simple app.

Best for: Transfers under $300

Get started with Sendwave →

3. WorldRemit – Best for M-Pesa

Fees: $1-4 Exchange Rate: 1-2% markup Speed: Minutes Delivery: M-Pesa, bank, Airtel Money, cash pickup

Why choose WorldRemit: Strong M-Pesa integration. Reliable. Good customer service.

Best for: Regular M-Pesa users

Visit WorldRemit →

4. Wise – Best Exchange Rate

Fees: $5-9 for $500 Exchange Rate: Mid-market (no markup) Speed: 1-2 business days Delivery: M-Pesa, bank deposit

Why choose Wise: True mid-market rate. Best for larger amounts. Now supports M-Pesa.

Best for: Amounts over $500 when you can wait 1-2 days

Send money with Wise →

5. Western Union – Most Locations

Fees: $5-15 Exchange Rate: 2-4% markup Speed: Minutes Delivery: Cash pickup, M-Pesa, bank

Why choose Western Union: 600+ pickup locations across Kenya. Good for emergencies.

Best for: Emergency cash to remote locations

Find Western Union locations →

6. Xoom (PayPal) – Good for PayPal Users

Fees: $0-5 Exchange Rate: 1.5-2.5% markup Speed: Minutes to hours Delivery: M-Pesa, bank, cash pickup

Why choose Xoom: Integrates with PayPal. Fast M-Pesa delivery. New user promotions.

Best for: PayPal users, urgent M-Pesa transfers

Transfer with Xoom →

Quick Comparison: Sending $500 to Kenya

Provider You Pay Recipient Gets (KES) Speed
Sendwave $500 ~129,500 Minutes
Remitly Economy ~$500 ~129,200 3 days
Wise ~$508 ~129,800 1-2 days
Remitly Express ~$504 ~128,500 Minutes
WorldRemit ~$503 ~128,700 Minutes
Xoom ~$502 ~128,000 Minutes-hours
Western Union ~$515 ~126,500 Minutes

Rates change constantly. Always verify current rates.

How to Get the Best USD to KES Rate

1. Use M-Pesa When Possible

M-Pesa transfers are often cheaper than bank deposits:

  • Lower processing fees for providers
  • Instant delivery
  • No intermediary bank charges
  • Available 24/7

If your recipient has M-Pesa (most Kenyans do), use it.

2. Sendwave for Frequent Small Transfers

With $0 fees, Sendwave is perfect for weekly or monthly transfers under $300.

3. Wise for Large One-Time Transfers

For amounts over $1,000, Wise’s mid-market rate saves the most money overall.

4. Compare Economy vs Express

Remitly Economy (3 days) often has rates very close to Wise but lower fees. If not urgent, this saves money.

5. Avoid Credit Card Payments

Credit cards add 1-3% in fees. Use bank transfer (ACH) instead.

6. Time Large Transfers

The KES/USD rate moves based on:

  • Central Bank of Kenya policy
  • Tourism seasons
  • Political events
  • Global oil prices

For transfers over $1,000, watching the rate for a few days can save $30-70.

Kenya-Specific Tips

M-Pesa Dominance

M-Pesa facts:

  • 30+ million users in Kenya (65% of population)
  • Used for everything: bills, shopping, savings
  • Cash out at any M-Pesa agent (100,000+ locations)
  • No bank account needed

Why M-Pesa is better:

  • Instant delivery (minutes)
  • Often cheaper fees
  • Recipient can use money immediately
  • Cash out anywhere
  • Lower risk than carrying cash

Kenyan Banks

All major providers support:

  • Equity Bank
  • KCB (Kenya Commercial Bank)
  • Cooperative Bank
  • NCBA Bank
  • Standard Chartered Kenya
  • Absa Bank Kenya
  • DTB (Diamond Trust Bank)
  • Stanbic Bank Kenya

Bank transfers take 1-2 business days typically.

Cash Pickup Locations

Available through:

  • Western Union – 600+ locations
  • MoneyGram – 400+ locations
  • Post Posta – nationwide network
  • Bank branches – most offer cash pickup

Found in all cities: Nairobi, Mombasa, Kisumu, Nakuru, Eldoret.

M-Pesa Limits

  • Daily limit: Up to KES 500,000 depending on account level
  • Monthly limit: Varies by M-Pesa tier
  • Per transaction: Typically up to KES 250,000

For amounts over the limit, use bank transfer.

Remittance Regulations

  • No limit on receiving money from family abroad
  • Amounts over $10,000 may require source documentation
  • Central Bank of Kenya encourages formal channels
  • All legitimate remittances are protected

Tax Implications

Money from family abroad is generally not taxable in Kenya if it’s:

  • For family support/maintenance
  • Personal gifts from relatives
  • Not business income or salary

Large amounts may require documentation at the bank.

Delivery Speeds by Method

Instant (minutes):

  • M-Pesa (Remitly, Sendwave, WorldRemit, Xoom, Wise)
  • Airtel Money (Remitly, Sendwave, WorldRemit)
  • Cash pickup (Western Union)

Same day:

  • Bank transfers sent before noon EAT

1-2 business days:

  • Wise bank transfers
  • Most bank transfers

3 business days:

  • Remitly Economy

Frequently Asked Questions

What’s the cheapest way to send money to Kenya?

For amounts under $300, Sendwave ($0 fees) is cheapest. For larger amounts, Wise offers the best exchange rate. Remitly is excellent for M-Pesa.

Can I send directly to M-Pesa?

Yes. Remitly, Sendwave, WorldRemit, Xoom, and Wise all support direct M-Pesa transfers. Money arrives in minutes with most services.

How long does it take to send money to Kenya?

M-Pesa: minutes. Bank transfers: 1-2 business days. Cash pickup: available within minutes after sending.

Is it safe to send money to Kenya online?

Yes. All listed services are licensed, regulated by FinCEN (US), and use bank-level encryption. Millions safely send to Kenya monthly.

What’s the current dollar to shilling exchange rate?

The KES/USD rate fluctuates. As of writing, it’s approximately 129-130 shillings per dollar. Use our comparison tool for live rates.

Can I send to someone without M-Pesa?

Yes. Use bank transfer or cash pickup. However, most Kenyan adults have M-Pesa – it’s the easiest option.

What’s the M-Pesa limit per transaction?

Typically up to KES 250,000 per transaction, with daily limits varying by account level. For larger amounts, use multiple transfers or bank deposit.

Start Saving on Kenya Transfers

Compare live rates from Remitly, Sendwave, Wise and 15+ providers. See exactly how many shillings your recipient will get.

Compare Kenya Transfer Rates Now →

Rates and fees are estimates. Verify before sending. BankSeer may earn commissions from providers.

top suggestion:

credit cards for immigrants

How to Send Money to Ghana from USA (6 Cheapest Ways 2026)

bankseermain on December 28, 2025

Ghana is one of the top remittance recipients in West Africa, receiving billions annually from the diaspora. If you’re sending money to family in Ghana, choosing the right service can save you significantly.

I tested every major provider to find the cheapest and fastest ways to send dollars to cedis in 2026.

What You Need to Send Money to Ghana

Before comparing services, have ready:

  1. Recipient’s details:

    • Full name (as on Ghana Card)
    • Bank name and account number, OR
    • Mobile money number (MTN, Vodafone, AirtelTigo), OR
    • Pickup location

  2. Your information:

    • Valid US ID
    • US bank account or card
    • Purpose of transfer (family support, etc.)

6 Cheapest Ways to Send Money to Ghana

1. Remitly – Best Overall for Ghana

Fees: $0-4 Exchange Rate: 1-2% markup Speed: Minutes (Express) to 3 days (Economy) Delivery: Bank, MTN Mobile Money, Vodafone Cash, cash pickup

Why Remitly wins: Excellent mobile money integration. Fast delivery. Competitive rates for Ghana.

Best for: Most transfers, especially to mobile money users

Try Remitly now →

Wise vs Remitly comparison

2. Sendwave – Best for Mobile Money

Fees: $0 Exchange Rate: 1-2% markup Speed: Minutes Delivery: Bank, MTN Mobile Money, Vodafone Cash, AirtelTigo Money

Why choose Sendwave: Zero fees. Built specifically for African mobile money transfers. Simple app.

Best for: Frequent transfers under $500

Get started with Sendwave →

3. WorldRemit – Best for Flexibility

Fees: $1-4 Exchange Rate: 1.5-2% markup Speed: Minutes to hours Delivery: Bank, mobile money, cash pickup, airtime top-up

Why choose WorldRemit: Multiple delivery options. Good coverage across Ghana. Reliable service.

Best for: When you need delivery flexibility

Visit WorldRemit →

4. Wise – Best Exchange Rate

Fees: $5-10 for $500 Exchange Rate: Mid-market (no markup) Speed: 1-2 business days Delivery: Bank deposit only

Why choose Wise: Real mid-market rate. Best for larger amounts to bank accounts.

Best for: Bank transfers over $500 when you can wait

Send money with Wise →

5. Western Union – Most Pickup Locations

Fees: $5-15 Exchange Rate: 2-4% markup Speed: Minutes Delivery: Cash pickup at 500+ locations, bank, mobile money

Why choose Western Union: Pickup locations in every region. Good for urgent cash.

Best for: Emergency cash to remote areas

Find Western Union locations →

6. MoneyGram – Western Union Alternative

Fees: $5-12 Exchange Rate: 2-3.5% markup Speed: Minutes Delivery: Cash pickup, bank, mobile money

Why choose MoneyGram: Competitive with Western Union. Wide pickup network.

Best for: Cash pickup when Western Union is unavailable

Visit MoneyGram →

Quick Comparison: Sending $500 to Ghana

Provider You Pay Recipient Gets (GHS) Speed
Sendwave $500 ~₵7,650 Minutes
Remitly Economy ~$500 ~₵7,600 3 days
Wise ~$509 ~₵7,680 1-2 days
Remitly Express ~$504 ~₵7,500 Minutes
WorldRemit ~$503 ~₵7,520 Minutes-hours
Western Union ~$515 ~₵7,200 Minutes
MoneyGram ~$512 ~₵7,300 Minutes

Rates fluctuate constantly. Always check current rates.

How to Get the Best USD to GHS Rate

1. Use Mobile Money When Possible

Mobile money transfers are often cheaper than bank deposits:

  • Lower processing fees
  • Instant delivery
  • No bank charges
  • Available 24/7

If your recipient has MTN Mobile Money or Vodafone Cash, use it.

2. Sendwave for Small, Frequent Transfers

With zero fees, Sendwave is unbeatable for amounts under $500. The exchange rate markup is competitive with others.

3. Wise for Large Amounts

For transfers over $1,000, Wise’s mid-market rate saves significant money despite higher visible fees.

4. Avoid Credit Cards

Credit card payments add 1-3% in fees. Always use bank transfer (ACH) when possible.

5. Watch the Exchange Rate

The cedi can be volatile. For large transfers, monitor the rate:

  • Bank of Ghana policy announcements
  • Economic news
  • Political developments

Timing can save $20-50 on large transfers.

Ghana-Specific Tips

Mobile Money Networks

MTN Mobile Money:

  • Ghana’s largest mobile money network
  • 15+ million users
  • Cash out at any MTN agent
  • Widely accepted for payments

Vodafone Cash:

  • Second largest network
  • Good coverage in cities
  • Can cash out at Vodafone shops

AirtelTigo Money:

  • Smaller but growing
  • Good in certain regions

For amounts under GHS 10,000, mobile money is often more convenient than banks.

Ghanaian Banks

All major providers support:

  • Access Bank Ghana
  • Ecobank Ghana
  • Fidelity Bank
  • GCB Bank (Ghana Commercial Bank)
  • Stanbic Bank
  • Standard Chartered Ghana
  • Zenith Bank Ghana
  • Absa Bank Ghana (formerly Barclays)

Cash Pickup Locations

Major networks:

  • Western Union – 500+ locations
  • MoneyGram – 400+ locations
  • Bank branches – most banks offer pickup
  • Forex bureaus – some partner with providers

Available in all major cities: Accra, Kumasi, Takoradi, Tamale, Cape Coast.

Ghana Card

Recipients need their Ghana Card (national ID) for:

  • Cash pickup
  • Opening mobile money accounts
  • Bank verification for large amounts

Remittance Regulations

  • No limit on receiving money from family abroad
  • Amounts over $10,000 may require documentation
  • Bank of Ghana encourages formal remittance channels
  • All legitimate transfers are protected

Tax Implications

Money from family abroad is generally not taxable in Ghana if it’s:

  • For family maintenance
  • Personal gifts
  • Not business income

Consult a tax professional for large or regular amounts.

Delivery Speeds

Instant (minutes):

  • Mobile money (Remitly, Sendwave, WorldRemit)
  • Cash pickup (Western Union, MoneyGram)

Same day:

  • Most bank transfers sent before noon Ghana time

1-2 business days:

  • Wise bank transfers
  • Some bank transfers sent late in day

3 business days:

  • Remitly Economy

Frequently Asked Questions

What’s the cheapest way to send money to Ghana?

For small amounts (under $500), Sendwave with zero fees is cheapest. For larger amounts, Wise offers the best exchange rate. Remitly is a good middle option.

Can I send directly to mobile money?

Yes. Remitly, Sendwave, and WorldRemit support MTN Mobile Money and Vodafone Cash directly. Money arrives in minutes.

How long does it take to send money to Ghana?

Mobile money: minutes. Bank deposits: 1-2 business days typically. Cash pickup: available within minutes.

Is it safe to send money to Ghana online?

Yes. All listed services are licensed, regulated, and use encryption. Millions of people safely send money to Ghana every month.

What’s the current dollar to cedi exchange rate?

The GHS/USD rate fluctuates. As of writing, it’s approximately 15-16 cedis per dollar. Use our comparison tool for live rates.

Can I send to someone without a bank account?

Yes. Mobile money (MTN, Vodafone, AirtelTigo) only requires a phone number and Ghana Card. Cash pickup is also available everywhere.

Which is better – mobile money or bank transfer?

For amounts under GHS 10,000: Mobile money is faster, more convenient, and often cheaper. For larger amounts: Bank transfers may be better for record-keeping.

Start Saving on Ghana Transfers

Compare live rates from Remitly, Sendwave, Wise and 15+ providers. See exactly how many cedis your recipient will get.

Compare Ghana Transfer Rates Now →

Rates and fees are estimates. Verify before sending. BankSeer may earn commissions from providers.

top suggestion:

credit cards for immigrants

How to Send Money to Pakistan from USA (6 Cheapest Ways 2025)

bankseermain on December 28, 2025

Pakistan receives over $30 billion in remittances annually, making it one of the top 10 recipients globally. If you’re sending money to family in Pakistan, finding the right service can save you hundreds per year.

I tested all major providers to find the cheapest and fastest ways to send dollars to Pakistani rupees in 2025.

What You Need to Send Money to Pakistan

Before comparing services, gather:

  1. Recipient’s details:

    • Full name (as on CNIC)
    • Bank name and IBAN (24 characters), OR
    • CNIC number for mobile wallet, OR
    • Cash pickup location

  2. Your information:

    • Valid US ID
    • US bank account or card
    • Purpose of transfer (family support, etc.)

6 Cheapest Ways to Send Money to Pakistan

1. Remitly – Best Overall for Pakistan

Fees: $0-4 Exchange Rate: 0.5-1.5% markup Speed: Minutes (Express) to 3 days (Economy) Delivery: Bank deposit, EasyPaisa, JazzCash, cash pickup

Why Remitly wins: Excellent mobile wallet integration. Strong Pakistan coverage. Express delivery in minutes.

Best for: Most transfers, especially to EasyPaisa/JazzCash users

Try Remitly now →

Wise vs Remitly comparison

2. Wise – Best Exchange Rate

Fees: $5-9 for $500 Exchange Rate: Mid-market (no markup) Speed: 1-3 business days Delivery: Bank deposit only

Why choose Wise: Real mid-market rate. No hidden markups. Best for larger amounts.

Best for: Bank transfers over $500 when you can wait

Send money with Wise →

3. Xoom (PayPal) – Best for Speed

Fees: $0-5 Exchange Rate: 1-2% markup Speed: Minutes to hours Delivery: Bank deposit, cash pickup, mobile wallet

Why choose Xoom: Fast, reliable, integrates with PayPal. Good first-time user promotions.

Best for: Urgent transfers and PayPal users

Transfer with Xoom →

4. WorldRemit – Best for Mobile Wallets

Fees: $2-4 Exchange Rate: 1-2% markup Speed: Minutes Delivery: Bank, EasyPaisa, JazzCash, Mobicash, cash pickup

Why choose WorldRemit: Strong mobile wallet support. Instant to EasyPaisa/JazzCash.

Best for: Recipients who prefer mobile money

Visit WorldRemit →

5. Western Union – Most Cash Pickup Locations

Fees: $5-15 Exchange Rate: 2-4% markup Speed: Minutes Delivery: Cash pickup at 7,000+ locations, bank deposit

Why choose Western Union: Pickup locations in every city and most towns. Reliable for emergencies.

Best for: Emergency cash to remote areas

Find Western Union locations →

6. MoneyGram – Good Alternative

Fees: $5-12 Exchange Rate: 2-3.5% markup Speed: Minutes Delivery: Cash pickup, bank deposit

Why choose MoneyGram: Competitive with Western Union. Sometimes better promotional rates.

Best for: When Western Union is inconvenient

Visit MoneyGram →

Quick Comparison: Sending $500 to Pakistan

Provider You Pay Recipient Gets (PKR) Speed
Wise ~$508 ~₨141,500 1-3 days
Remitly Economy ~$500 ~₨140,800 3 days
Remitly Express ~$504 ~₨139,500 Minutes
WorldRemit ~$503 ~₨139,800 Minutes
Xoom ~$502 ~₨139,200 Minutes-hours
Western Union ~$515 ~₨137,000 Minutes
MoneyGram ~$512 ~₨137,800 Minutes

Rates fluctuate. Always verify current rates before sending.

How to Get the Best USD to PKR Rate

1. Use Mobile Wallets When Possible

EasyPaisa and JazzCash transfers are often cheaper than bank deposits because:

  • Lower fees for providers
  • Instant delivery
  • No intermediary bank charges

2. Compare Economy vs Express Options

If you’re not in a rush, Remitly Economy often offers rates very close to Wise but with lower fees.

3. Time Your Transfer

The PKR/USD rate can swing significantly based on:

  • State Bank of Pakistan policy
  • Political developments
  • IMF negotiations
  • Oil prices

For large transfers ($1,000+), watching the rate for a few days can save money.

4. Avoid Credit Cards

Credit card payments add 1-3% in fees. Use bank transfer (ACH) instead. Yes, it takes 1-2 extra days to process, but you save money.

5. Watch for Promotional Rates

New users often get:

  • $0 fees on first transfer
  • Bonus exchange rates
  • Cashback

Check Remitly, Xoom, and WorldRemit for first-time offers.

Pakistan-Specific Tips

IBAN Format

Pakistani bank accounts use a 24-character IBAN format:

  • Example: PK36HABB0000001234567890
  • Starts with “PK”
  • Your recipient can find it on bank statements or online banking

Popular Mobile Wallets

EasyPaisa:

  • Pakistan’s largest mobile wallet
  • 10+ million users
  • Cash out at EasyPaisa shops, ATMs
  • Linked to Telenor mobile numbers

JazzCash:

  • Second largest mobile wallet
  • Linked to Jazz/Warid numbers
  • Wide merchant acceptance
  • ATM cash withdrawal available

Mobicash:

  • Growing wallet service
  • Good in smaller cities

For amounts under PKR 100,000, mobile wallets are often more convenient than banks.

Pakistani Banks

All major providers support:

  • HBL (Habib Bank Limited)
  • UBL (United Bank Limited)
  • MCB (Muslim Commercial Bank)
  • NBP (National Bank of Pakistan)
  • Allied Bank
  • Bank Alfalah
  • Meezan Bank
  • Faysal Bank

HBL and UBL typically have fastest processing times.

Cash Pickup Locations

Major networks in Pakistan:

  • Western Union – 7,000+ locations
  • MoneyGram – 5,000+ locations
  • MCB branches – for certain services
  • Habib Metro – for WorldRemit pickups

Even small towns have multiple pickup locations.

Remittance Limits and Regulations

  • No limit on receiving remittances from family abroad
  • Amounts over $10,000 may require documentation
  • State Bank of Pakistan requires purpose of transfer
  • All legitimate remittances are encouraged (no penalties)

Tax Implications

Remittances from family abroad are not taxable in Pakistan if they’re:

  • For family maintenance
  • Gifts from relatives
  • Personal support (not business income)

Large amounts may require documentation at the receiving bank.

Delivery Speeds

Instant (minutes):

  • EasyPaisa (Remitly, WorldRemit)
  • JazzCash (Remitly, WorldRemit, Xoom)
  • Cash pickup (Western Union, MoneyGram)

Same day:

  • Most bank transfers sent before noon PKT

1-3 business days:

  • Wise bank transfers
  • Remitly Economy
  • Bank transfers sent after cutoff

Frequently Asked Questions

What’s the cheapest way to send money to Pakistan?

Wise offers the best exchange rate. Remitly Economy is very competitive for mobile wallet transfers. For $500, Wise typically saves you $5-10.

Can I send directly to EasyPaisa or JazzCash?

Yes. Remitly, WorldRemit, and Xoom support direct mobile wallet transfers. Money arrives instantly in most cases.

How long does it take to send money to Pakistan?

Mobile wallet transfers: minutes. Bank deposits: 1-3 business days typically. Cash pickup: minutes after sending.

Is it safe to send money to Pakistan online?

Yes. All listed services are licensed and regulated. They use bank-level encryption and have processed billions safely.

What’s the current dollar to rupee exchange rate?

The PKR/USD rate fluctuates. As of writing, it’s approximately 280-285 rupees per dollar. Use our comparison tool for live rates.

Can I send to someone without a bank account?

Yes. Use mobile wallets (EasyPaisa, JazzCash) or cash pickup. Mobile wallets can be opened with just a CNIC and mobile number.

Do I need my recipient’s CNIC number?

For bank transfers, you need their IBAN. For mobile wallets, you typically need their mobile number and sometimes CNIC. Cash pickup requires CNIC at pickup.

Start Saving on Pakistan Transfers

Compare live rates from Remitly, Wise, Xoom and 15+ providers. See exactly how many rupees your recipient will get.

Compare Pakistan Transfer Rates Now →

Rates and fees are estimates. Verify before sending. BankSeer may earn commissions from providers.

top suggestion:

credit cards for immigrants

How to Send Money to Philippines from USA (6 Cheapest Ways 2025)

bankseermain on December 28, 2025

The Philippines is the 4th largest remittance recipient globally, with over $36 billion sent annually. Filipino families depend on these transfers – which is why finding the cheapest service matters.

I compared every major provider to find the best ways to send dollars to pesos in 2025.

What You Need to Send Money to Philippines

Before comparing services, have ready:

  1. Recipient’s details:

    • Full name (as on valid ID)
    • Bank name and account number, OR
    • GCash/PayMaya/Maya mobile wallet number, OR
    • Pickup location (for cash)

  2. Your information:

    • Valid US ID
    • US bank account or card
    • Purpose of transfer (family support, etc.)

6 Cheapest Ways to Send Money to Philippines

1. Remitly – Best Overall for Philippines

Fees: $0-4 Exchange Rate: 0.5-1.5% markup Speed: Minutes (Express) to 3 days (Economy) Delivery: Bank, GCash, cash pickup, home delivery

Why Remitly wins: Built specifically for Philippine remittances. Excellent GCash integration and competitive rates.

Best for: Most transfers, especially to GCash users

Try Remitly now →

Wise vs Remitly

2. Wise – Best Exchange Rate

Fees: $4-8 for $500 Exchange Rate: Mid-market (no markup) Speed: 1-2 business days Delivery: Bank deposit, GCash

Why choose Wise: True mid-market rate means maximum pesos. Slightly slower but often cheaper overall.

Best for: Larger amounts ($500+) when you can wait 1-2 days

Send money with Wise →

3. WorldRemit – Best for Cash Pickup

Fees: $2-4 Exchange Rate: 1-2% markup Speed: Minutes Delivery: Bank, GCash, M Lhuillier, Palawan Pawnshop, Cebuana Lhuillier

Why choose WorldRemit: Massive cash pickup network through all major pawnshops. Great for provinces.

Best for: Recipients without bank accounts or in rural areas

Visit WorldRemit →

4. Xoom (PayPal) – Best for PayPal Users

Fees: $0-5 Exchange Rate: 1.5-2% markup Speed: Minutes Delivery: Bank, cash pickup, GCash, home delivery

Why choose Xoom: Integrates with PayPal. Reliable and fast. Good promotional rates for new users.

Best for: PayPal users, urgent transfers

Transfer with Xoom →

5. Western Union – Most Pickup Locations

Fees: $5-12 Exchange Rate: 2-4% markup Speed: Minutes Delivery: Cash pickup at 9,000+ locations, bank deposit

Why choose Western Union: Literally everywhere in Philippines. Even the smallest barangay has access.

Best for: Emergency cash to remote locations

Find Western Union locations →

6. MoneyGram – Western Union Alternative

Fees: $5-10 Exchange Rate: 2-3.5% markup Speed: Minutes Delivery: Cash pickup, bank deposit

Why choose MoneyGram: Competitive with Western Union but sometimes offers better promos.

Best for: When Western Union locations are inconvenient

Visit MoneyGram →

Quick Comparison: Sending $500 to Philippines

Provider You Pay Recipient Gets (PHP) Speed
Remitly Economy ~$500 ~₱28,850 3 days
Wise ~$506 ~₱28,900 1-2 days
Remitly Express ~$504 ~₱28,600 Minutes
WorldRemit ~$503 ~₱28,550 Minutes
Xoom ~$502 ~₱28,400 Minutes
Western Union ~$512 ~₱27,900 Minutes
MoneyGram ~$510 ~₱28,100 Minutes

Rates fluctuate constantly. Always verify current rates.

How to Get the Best USD to PHP Rate

1. Send to GCash When Possible

GCash transfers are often cheaper than bank deposits because:

  • Lower processing fees for providers
  • Instant delivery
  • No intermediary bank fees

If your recipient has GCash, use it.

2. Compare Economy vs Express

Remitly’s Economy option (3 days) often has rates close to Wise but with lower fees. If you’re not in a rush, this saves money.

3. Use Bank Transfer Payment

Paying with debit/credit cards adds fees. ACH bank transfer is cheaper but takes 1-2 extra days to initiate.

4. Watch for First-Time User Promos

Remitly, Xoom, and WorldRemit frequently offer promotional rates for new users:

  • $0 fees on first transfer
  • Bonus exchange rate
  • Cashback offers

5. Time Large Transfers

For amounts over $1,000, the PHP/USD rate matters a lot. Watch for:

  • Philippine central bank announcements
  • US Federal Reserve decisions
  • Major economic news

Timing can save $30-100 on large transfers.

Philippines-Specific Tips

GCash vs Bank Transfer

GCash advantages:

  • Instant delivery
  • Often cheaper
  • Recipient can cash out at 7-Eleven, convenience stores
  • No bank account needed

Bank transfer advantages:

  • Better for very large amounts
  • Direct to savings account
  • Sometimes required for formal purposes

For amounts under ₱50,000, GCash is usually better.

Cash Pickup Networks

Major pawnshop chains for pickup:

  • M Lhuillier – 2,500+ branches
  • Cebuana Lhuillier – 2,800+ branches
  • Palawan Pawnshop – 3,000+ branches
  • RD Pawnshop
  • Western Union agents – 9,000+ locations
  • MoneyGram agents – 5,000+ locations

Philippine Banks

Most providers support all major banks:

  • BDO (Banco de Oro)
  • BPI (Bank of the Philippine Islands)
  • Metrobank
  • Security Bank
  • UnionBank
  • Landbank
  • PNB (Philippine National Bank)

Delivery times vary by bank – BDO and BPI are usually fastest.

Remittance Limits

Philippines has no strict limit on receiving remittances from family abroad. However:

  • Amounts over $10,000 USD may require documentation
  • Banks may ask for source of funds for very large transfers
  • Anti-money laundering laws apply

Tax Implications

Money sent from family abroad is generally not taxable in the Philippines if it’s:

  • For family support
  • Gifts from relatives
  • Personal transfers (not business income)

Consult a tax professional for large or regular transfers.

Delivery Speeds by Method

Instant (minutes):

  • GCash (Remitly, Xoom)
  • Cash pickup (Western Union, MoneyGram, WorldRemit)

Same day:

  • Most bank transfers sent before noon Philippine time
  • Maya/PayMaya wallet

1-2 business days:

  • Wise bank transfers
  • Some bank transfers sent after cutoff time

3 business days:

  • Remitly Economy

Frequently Asked Questions

What’s the cheapest way to send money to Philippines?

Wise typically offers the best exchange rate. Remitly Economy is very competitive for GCash transfers. For $500, the difference is usually $5-15.

Can I send directly to GCash?

Yes. Remitly, Wise, Xoom, and WorldRemit all support direct GCash transfers. Money arrives instantly with Remitly and Xoom.

How long does bank transfer take to Philippines?

Usually 1-2 business days. Some transfers sent early in the day arrive same day. Wise takes 1-2 days consistently.

Is it safe to send money to Philippines online?

Yes. All services listed are licensed, regulated, and have processed billions in remittances safely. Use providers regulated by FinCEN in the US.

What’s the current dollar to peso exchange rate?

The rate changes constantly. As of writing, it’s approximately 57-58 pesos per dollar. Check our comparison tool for live rates.

Can I send money to someone without a bank account?

Yes. Use cash pickup (Western Union, MoneyGram, WorldRemit) or mobile wallet (GCash, Maya). GCash can be cashed out at 7-Eleven and other stores.

Start Saving on Philippines Transfers

Compare live rates from Remitly, Wise, WorldRemit and 15+ providers. See exactly how many pesos your recipient will get.

Compare Philippines Transfer Rates Now →

Rates and fees are estimates. Verify before sending. BankSeer may earn commissions from providers.

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How to Send Money to Mexico from USA (7 Cheapest Ways 2025)

bankseermain on December 28, 2025

Mexico receives more remittances from the USA than any other country – over $60 billion annually. If you’re sending money to family in Mexico, even small savings add up fast.

I tested every major service to find the cheapest ways to send dollars to pesos in 2025.

What You Need to Send Money to Mexico

Before comparing providers, gather:

  1. Recipient’s details:

    • Full name (as it appears on ID)
    • Bank name and account number (CLABE – 18 digits), OR
    • Phone number for mobile wallet, OR
    • Pickup location for cash

  2. Your information:

    • Valid US ID
    • US bank account or debit card
    • Purpose of transfer (family support, gift, etc.)

7 Cheapest Ways to Send Money to Mexico

1. Wise – Best Overall Rate

Fees: $3-7 for $500 Exchange Rate: Mid-market (no markup) Speed: Hours to 2 business days Delivery: Bank deposit (CLABE), debit card

Why Wise wins: Real exchange rate means more pesos arrive. For $500, you save $8-15 compared to competitors.

Best for: Anyone sending to a Mexican bank account

Send money with Wise →

compare Wise and Remitly

2. Remitly – Best for Speed

Fees: $0-4 Exchange Rate: 1-2% markup Speed: Minutes (Express) to 3 days (Economy) Delivery: Bank, cash pickup, OXXO, home delivery

Why choose Remitly: Money arrives at OXXO or bank in minutes. Economy option is competitive with Wise.

Best for: Urgent transfers or cash pickup

Try Remitly now →

3. Xoom (PayPal) – Best for Cash Pickup

Fees: $0-5 Exchange Rate: 1.5-2.5% markup Speed: Minutes to hours Delivery: Bank, cash pickup at Elektra/Farmacia Guadalajara, home delivery

Why choose Xoom: Huge cash pickup network. Works with PayPal balance.

Best for: Recipients who prefer cash or don’t have bank accounts

Transfer with Xoom →

4. MoneyGram – Best Cash Pickup Network

Fees: $0-10 (varies by location) Exchange Rate: 2-3% markup Speed: Minutes Delivery: Cash pickup at 15,000+ locations, bank deposit

Why choose MoneyGram: Unbeatable pickup network – Walmart, OXXO, Elektra, Coppel, and more.

Best for: Small towns or rural areas where other services don’t reach

Visit MoneyGram →

5. Western Union – Most Locations

Fees: $5-15 Exchange Rate: 2-4% markup Speed: Minutes Delivery: Cash pickup, bank deposit, mobile wallet

Why choose Western Union: 17,000+ locations in Mexico. Every town has Western Union.

Best for: Emergency cash when convenience matters more than cost

Find Western Union locations →

6. WorldRemit – Good Mobile Wallet Option

Fees: $1-4 Exchange Rate: 1-2% markup Speed: Minutes to same day Delivery: Bank, Oxxo, Elektra, mobile wallet

Why choose WorldRemit: Solid middle option with good rates and flexibility.

Best for: Regular senders who want variety in delivery options

Visit WorldRemit →

7. Sendwave – Best for Small Amounts

Fees: $0 Exchange Rate: 1-2% markup Speed: Minutes Delivery: Bank deposit, OXXO

Why choose Sendwave: Zero fees make it excellent for transfers under $200.

Best for: Frequent small transfers

Get started with Sendwave →

Quick Comparison: Sending $500 to Mexico

Provider You Pay Recipient Gets (MXN) Speed
Wise ~$506 ~₱10,150 Hours-2 days
Remitly Economy ~$500 ~₱10,050 3 days
Remitly Express ~$504 ~₱9,950 Minutes
Xoom ~$500 ~₱9,900 Minutes
MoneyGram ~$510 ~₱9,850 Minutes
Western Union ~$515 ~₱9,700 Minutes
Sendwave $500 ~₱10,000 Minutes

Rates change constantly. Always check live rates before sending.

How to Save More Money

1. Use Bank Transfer (ACH)

Paying with debit/credit cards adds 1-3% in fees. Bank transfer is almost always cheaper but takes 1-2 extra days.

2. Compare Every Time

The USD/MXN rate moves throughout the day. What’s cheapest this morning might not be cheapest this afternoon.

Use our comparison tool to check all providers instantly.

3. Watch the Exchange Rate

The peso fluctuates based on:

  • US Federal Reserve decisions
  • Mexican central bank policy
  • Oil prices
  • Political news

For large transfers ($1,000+), timing can save you $20-50.

4. Avoid Airport Exchanges

Never exchange cash at airports or currency exchange booths. You’ll lose 5-10% instantly.

5. Send Larger Amounts Less Often

Most fees are flat. Sending $500 once costs less than sending $250 twice.

Mexico-Specific Tips

CLABE Number

Every Mexican bank account has an 18-digit CLABE number. This is what you need for bank deposits. Your recipient can find it on:

  • Bank statements
  • Online banking
  • Bank app
  • By calling their bank

Without the correct CLABE, your transfer will fail.

Popular Pickup Locations

  • OXXO – 20,000+ locations nationwide
  • Elektra – Major cities and towns
  • Farmacia Guadalajara – Throughout Mexico
  • Coppel – Common in smaller cities
  • Walmart – MoneyGram and Western Union

Tax Implications

Money sent to Mexico from family abroad is generally not taxable for the recipient. However:

  • Large amounts ($10,000+ USD) may require documentation
  • Regular business payments are different from personal remittances
  • Consult a tax professional for specific situations

Delivery Times

  • Bank deposits: Same day to 2 business days
  • Cash pickup: Minutes to hours
  • OXXO deposit: Usually within 30 minutes
  • Mobile wallet: Minutes

Frequently Asked Questions

What’s the cheapest way to send money to Mexico?

Wise typically offers the best value due to the mid-market exchange rate. For $500, you’ll save $10-20 compared to Western Union or MoneyGram.

How long does it take to send money to Mexico?

Bank deposits take hours to 2 days. Cash pickup services like Remitly Express, Xoom, and Western Union can deliver in minutes.

Is it safe to send money to Mexico online?

Yes. Services like Wise, Remitly, and Xoom are licensed and regulated by FinCEN in the US. They use bank-level encryption and have processed billions safely.

Can I send money to Mexico with just a phone number?

Some services like Remitly allow sending to mobile wallets using just a phone number. However, bank deposits require a CLABE number.

What’s the current USD to MXN exchange rate?

The rate fluctuates constantly. As of writing, it’s approximately 20.3 pesos per dollar. Use our comparison tool for live rates.

Do I need to report sending money to Mexico?

If you send over $10,000 in a single transaction, your provider will file a report with FinCEN (required by law). Otherwise, no action needed on your part.

Start Saving on Mexico Transfers

Stop overpaying to send money home. Compare Wise, Remitly, Xoom, and 15+ providers in real-time.

Compare Mexico Transfer Rates Now →

Rates and fees are estimates. Verify current pricing before sending. BankSeer may earn commissions from providers, but this doesn’t affect our comparisons.

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Wise vs Remitly – Which Is Better for Sending Money?

bankseermain on December 27, 2025

Wise and Remitly are two of the most popular money transfer services – but which one actually saves you more money?

I’ve used both services and analyzed their fees, exchange rates, and features for dozens of corridors. Here’s the honest breakdown to help you choose.

Quick Answer: Which Is Better?

Choose Wise if: You prioritize the best exchange rate and don’t mind waiting 1-2 days

Choose Remitly if: You need faster delivery or are sending to countries Wise doesn’t cover well

Now let’s break down exactly why.

Wise vs Remitly: Head-to-Head Comparison

Feature Wise Remitly
Exchange Rate Mid-market (real rate) 0.5-2% markup
Fees $1-10 (varies by amount) $0-5
Speed 1-2 business days Minutes to 3 days
Delivery Options Bank deposit mainly Bank, cash pickup, mobile money
Best For Best overall value Speed + flexibility
Countries 80+ 100+
Trustpilot Rating 4.5/5 4.3/5

Exchange Rates: Wise Wins

This is where Wise has a clear advantage.

Wise uses the mid-market exchange rate – the same rate you see on Google or Reuters. They make money only from their transparent fee, not by marking up the exchange rate.

Learn more about Wise →

Remitly marks up the exchange rate by 0.5-2% depending on the corridor. While their upfront fee might be lower (sometimes $0), you’re paying through a worse exchange rate.

Check Remitly rates →

Real Example: Sending $500 to India

Wise Remitly
Fee $4.50 $0
Exchange Rate 83.50 (mid-market) 82.30 (1.4% markup)
Recipient Gets ₹41,502 ₹41,150
True Cost $4.50 ~$7 (hidden in rate)

Even with a higher visible fee, Wise delivers more rupees because of the better exchange rate.

sending money to India

Fees: It’s Complicated

Wise fees are percentage-based, typically 0.5-2% of your transfer amount. You always see the exact fee before sending.

Remitly fees range from $0 to $5 depending on:

  • Payment method (bank transfer vs card)
  • Delivery speed (economy vs express)
  • Promotions (first-time users often get $0 fees)

Winner: Remitly has lower visible fees, but Wise often costs less overall when you factor in exchange rates.

Speed: Remitly Wins

If you need money to arrive fast, Remitly has the edge.

Remitly options:

  • Express: Minutes to hours (higher fee)
  • Economy: 3-5 business days (lower fee)

Wise speed:

  • Usually 1-2 business days
  • No express option for most corridors

Winner: Remitly, especially for urgent transfers.

Delivery Options: Remitly Wins

Wise primarily offers bank deposits. Some countries have additional options, but it’s limited.

Remitly offers:

  • Bank deposit
  • Cash pickup
  • Mobile money (M-Pesa, GCash, etc.)
  • Home delivery (select countries)
  • Airtime top-up

Winner: Remitly, especially if your recipient doesn’t have a bank account.

Supported Countries

Wise: 80+ countries. Strong in Europe, North America, Australia, and major Asian economies. Weaker in Africa and some developing regions.

Remitly: 100+ countries. Excellent coverage in Africa, Latin America, Southeast Asia, and South Asia. Specifically built for remittance corridors.

Remitly is better for:

Wise is better for:

  • Europe (EUR transfers)
  • UK
  • Australia
  • Business payments
  • Multi-currency accounts

User Experience

Wise app:

  • Clean, modern interface
  • Multi-currency account feature
  • Wise debit card available
  • Better for frequent international users

Remitly app:

  • Simple, focused on sending money
  • Easy to track transfers
  • Good customer support
  • Better for occasional senders

Both apps are well-designed and easy to use.

Trust & Security

Both services are legitimate, licensed, and safe.

Wise:

  • Regulated by FCA (UK), FinCEN (US), ASIC (Australia)
  • 16+ million customers
  • Public company (listed on London Stock Exchange)

Remitly:

  • Regulated by FinCEN (US), FCA (UK)
  • 5+ million customers
  • Public company (NASDAQ: RELY)

Winner: Tie. Both are trustworthy.

When to Choose Wise

✅ You want the best exchange rate ✅ You’re sending to Europe, UK, or Australia ✅ You need a multi-currency account ✅ You want a debit card for international spending ✅ You’re making business payments ✅ You can wait 1-2 days for delivery ✅ You’re sending larger amounts ($1,000+)

Try Wise now →

When to Choose Remitly

✅ You need money to arrive quickly ✅ You’re sending to Africa, Latin America, or Southeast Asia ✅ Your recipient needs cash pickup ✅ Your recipient uses mobile money ✅ You’re a first-time sender (great promotions) ✅ You’re sending smaller amounts ✅ You value delivery flexibility over rates

Get started with Remitly →

My Recommendation

For most people sending money home to family, I recommend checking both.

Rates change constantly. What’s cheaper for Nigeria might not be cheaper for India. What’s cheaper for $200 might not be cheaper for $2,000.

Use our comparison tool to check both Wise and Remitly (plus 16 other providers) in seconds. You’ll see exactly how much your recipient will get with each option.

FAQs

Is Wise cheaper than Remitly?

Usually yes, especially for larger amounts. Wise’s mid-market exchange rate typically beats Remitly’s marked-up rate. However, Remitly occasionally wins on specific corridors or with promotional rates.

Is Remitly safe to use?

Yes. Remitly is a publicly-traded company regulated by FinCEN in the US and FCA in the UK. They’ve processed billions of dollars in transfers.

Can I use Wise for instant transfers?

Wise doesn’t offer instant transfers for most corridors. If you need money delivered in minutes, Remitly is a better choice.

Does Remitly use the real exchange rate?

No. Remitly marks up the exchange rate by 0.5-2%. They may advertise “great rates” but they’re not using the mid-market rate like Wise does.

Which has better customer support?

Both have good customer support. Remitly has a slight edge with phone support availability, while Wise offers excellent in-app chat support.

Compare Both Right Now

Stop guessing which is cheaper. Check live rates from Wise, Remitly, and 16+ other providers with our free comparison tool.

Compare Transfer Rates Now →

This comparison is based on research and personal experience. Rates and fees change frequently – always verify current rates before sending. BankSeer may earn commissions from some providers, but this doesn’t influence our comparisons.

How to Send Money to India from USA (Cheapest Methods 2025)

bankseermain on December 27, 2025

India is the world’s largest remittance market, receiving over $100 billion annually from abroad. If you’re sending money from the USA to India, you have more options than ever – but not all are created equal.

I’ve compared every major service to find the cheapest and fastest ways to send dollars to rupees in 2025.

What You Need to Send Money to India

Before comparing services, make sure you have:

  1. Your recipient’s details:

    • Full name (as on bank account)
    • Bank name
    • Account number
    • IFSC code (11-character code)

  2. Your information:

    • Valid ID (driver’s license, passport)
    • US bank account or debit/credit card
    • Purpose of transfer (family support, gift, etc.)

6 Cheapest Ways to Send Money to India

1. Wise – Best Exchange Rate

Wise offers the mid-market exchange rate with no markup – the same rate you see on Google.

Fees: ~$4-6 for $500 Exchange Rate: Mid-market (best available) Speed: 1-2 business days (sometimes same day) Delivery: Bank deposit only

Why Wise wins for India: The USD to INR corridor is one of Wise’s strongest. You’ll consistently get more rupees per dollar compared to competitors.

True cost for $500: ~$5 fee, recipient gets approximately ₹41,500

Send money with Wise →

Wise vs Remitly

2. Remitly – Best for Speed

Remitly shines when you need money in India fast.

Fees: $0-4 (depends on speed/payment method) Exchange Rate: 0.5-1.5% markup Speed: Minutes (Express) to 3 days (Economy) Delivery: Bank deposit, cash pickup

Why choose Remitly: Express delivery gets money to Indian bank accounts within minutes. Great for emergencies.

True cost for $500: ~$0-4 fee, recipient gets approximately ₹41,000

Try Remitly now →

3. Google Pay (GPay) – Best for Convenience

If you and your recipient both use Google Pay, this is surprisingly competitive.

Fees: $0 Exchange Rate: ~1% markup Speed: 1-3 business days Delivery: Bank deposit, GPay balance

Why choose GPay: Zero fees and easy app interface. Works well for regular, smaller transfers.

True cost for $500: $0 fee, recipient gets approximately ₹41,100

Get started with Google Pay →

4. Xoom (PayPal) – Best for PayPal Users

Xoom integrates seamlessly with your PayPal account.

Fees: $0-5 Exchange Rate: 1-2% markup Speed: Minutes to days Delivery: Bank deposit, cash pickup

Why choose Xoom: If you already have PayPal balance or prefer PayPal’s ecosystem, Xoom is convenient. Not the cheapest, but reliable.

True cost for $500: ~$0-5 fee, recipient gets approximately ₹40,800

Transfer with Xoom →

5. WorldRemit – Best for Cash Pickup

Need to send cash that doesn’t require a bank account?

Fees: $2-4 Exchange Rate: ~1.5% markup Speed: Minutes to same day Delivery: Bank deposit, cash pickup, mobile wallet

Why choose WorldRemit: Extensive cash pickup locations across India through partners like Axis Bank and ICICI.

True cost for $500: ~$3 fee, recipient gets approximately ₹40,600

Visit WorldRemit →

6. Western Union – Emergency Cash Only

The most cash pickup locations, but you’ll pay for it.

Fees: $5-25 (varies widely) Exchange Rate: 2-4% markup Speed: Minutes Delivery: Cash pickup, bank deposit

Why choose Western Union: Only if you need emergency cash pickup at a specific location. Otherwise, too expensive.

True cost for $500: ~$10 fee, recipient gets approximately ₹39,500

Find Western Union locations →

Comparison: $500 USD to India

Provider Total You Pay Recipient Gets (INR) Speed
Wise ~$505 ~₹41,500 1-2 days
Remitly Express ~$500 ~₹41,000 Minutes
Google Pay $500 ~₹41,100 1-3 days
Xoom ~$502 ~₹40,800 Minutes-days
WorldRemit ~$503 ~₹40,600 Same day
Western Union ~$510 ~₹39,500 Minutes

Rates are estimates and fluctuate constantly. Always check current rates.

How to Get the Best USD to INR Rate

1. Time Your Transfer

The INR/USD rate fluctuates throughout the day. Major movements happen when:

  • US markets open (9:30 AM ET)
  • India markets close (around 10 AM ET)
  • Major economic news releases

For large transfers, watching the rate for a few days can save money.

2. Use Bank Transfer, Not Cards

Paying with your debit or credit card usually adds 1-3% in fees. ACH bank transfer is almost always cheaper.

3. Avoid Airport and Bank Transfers

Banks charge 3-5% exchange rate markups plus fees. Airport currency exchanges are even worse. Always use online services.

4. Send Larger Amounts Less Frequently

Most services charge flat or near-flat fees. Sending $1,000 once is cheaper than sending $250 four times.

5. Compare Every Time

Exchange rates change constantly. The cheapest option last month might not be cheapest today. Use our comparison tool to check real-time rates.

India-Specific Tips

IFSC Code

Every Indian bank branch has a unique IFSC code (e.g., SBIN0001234). Your recipient can find it on:

  • Their checkbook
  • Bank statement
  • Bank’s website
  • RBI’s IFSC lookup tool

Without the correct IFSC, your transfer will fail.

Transfer Limits

India has regulations on how much money can be received:

  • Up to $250,000/year for most purposes under LRS (Liberalized Remittance Scheme)
  • No limit for family maintenance, education, or medical expenses

For large transfers, the recipient may need to provide documentation to their bank.

Tax Implications

Money received from abroad by Indian residents is generally not taxable if it’s:

  • From a relative (as defined by Indian tax law)
  • For education, medical treatment, or family maintenance
  • A gift under ₹50,000 from non-relatives

Consult a tax professional for large or regular transfers.

Frequently Asked Questions

What is the cheapest way to send money to India from USA?

Wise typically offers the best value due to their mid-market exchange rate. For a $500 transfer, you’ll save $10-30 compared to traditional services like Western Union.

compare now

How long does it take to send money to India?

Bank deposits take 1-3 business days with most services. Remitly Express and Xoom can deliver in minutes. Cash pickup through Western Union is available within minutes.

Is it safe to send money to India online?

Yes. Services like Wise, Remitly, and Xoom are regulated by FinCEN (US) and use bank-level encryption. They’ve processed billions in transfers safely.

What is the current USD to INR exchange rate?

The rate changes constantly. As of writing, it’s approximately 83 INR per 1 USD. Use our comparison tool to see live rates from all providers.

Can I send money to India using a credit card?

Yes, but it’s not recommended. Most services charge 1-3% extra for credit card payments, and your card may charge a cash advance fee. Use bank transfer instead.

Start Sending Money to India

Ready to find the best rate for your transfer? Our comparison tool checks Wise, Remitly, Xoom, and 15+ other providers in real-time.

Compare India Transfer Rates Now →

Exchange rates and fees are estimates based on recent data. Rates change frequently – always verify with the provider before sending. BankSeer may receive compensation from providers, but this doesn’t affect our comparisons.

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Cheapest Way to Send Money to Nigeria from USA (2025 Guide)

bankseermain on December 27, 2025

Cheapest Way to Send Money to Nigeria from USA (2025 Guide)

By bankseermain | December 26, 2025

Sending money to Nigeria shouldn’t cost a lot. However, many people still pay more than they should.

I compared more than 18 transfer services and found the cheapest ways to send money to Nigeria from the USA in 2025. Whether you send $200 or $2,000, this guide helps you keep more naira in your family’s pocket.

The Real Cost of Sending Money to Nigeria

Before we look at providers, it helps to understand what you really pay.

When you send money, there are two main costs:

  1. The fee – the charge you see upfront
  2. The exchange rate markup – the hidden cost inside the rate

Some companies promote “$0 fees.” However, they often give you an exchange rate that is 3–5% worse than the real rate. As a result, you can lose $15–$25 on a $500 transfer.

The mid-market rate (the rate you see on Google) is the real exchange rate. Therefore, the closer a provider is to this rate, the more your recipient receives.

7 Cheapest Ways to Send Money to Nigeria (Ranked)

Below are the services that usually offer the best prices. Prices change, so always compare before sending.

1. Wise (TransferWise) — Best Overall

Wise is usually the cheapest overall option.

  • Fees: about $4–6 for $500
  • Exchange rate: real mid-market rate
  • Speed: 1–2 business days
  • Delivery: bank deposit

Why Wise wins:

Wise charges a small fee, but it does not add a hidden markup. As a result, more of your money arrives in Nigeria.

Best for: most transfers, especially $300+

Send money with Wise →

Wise vs Remitly comparison

2. Remitly — Best Mix of Speed and Value

Remitly offers good rates and fast delivery.

  • Fees: $0–4 depending on how you pay
  • Exchange rate: small markup
  • Speed: minutes to 3 days
  • Delivery: bank deposit, cash pickup, mobile money

Why choose Remitly:

You can get money there fast. In addition, new users often receive promotional rates.

Best for: urgent transfers and first-time users

Try Remitly now →

3. Sendwave — Best for Small Amounts

Sendwave focuses mostly on African transfers.

  • Fees: $0
  • Exchange rate: 1–2% markup
  • Speed: instant to minutes
  • Delivery: bank deposit, mobile money

Why choose Sendwave:

Because fees are zero, it works well for small, frequent transfers. The app is also simple.

Best for: transfers under $300

Get started with Sendwave →

4. WorldRemit — Best for Delivery Options

WorldRemit offers many ways to receive money.

  • Fees: $1–4
  • Exchange rate: competitive
  • Speed: minutes to 2 days
  • Delivery: bank, cash pickup, mobile money, airtime top-up

Why choose WorldRemit:

If the recipient does not have a bank account, you still have options.

Best for: cash pickup or mobile money users

Visit WorldRemit →

5. Western Union — Best for Cash Pickup

Western Union has the largest network.

  • Fees: $5–10
  • Exchange rate: 2–4% markup
  • Speed: minutes
  • Delivery: cash pickup, bank deposit

Why choose Western Union:

Sometimes, the recipient needs physical cash fast. In emergencies, this helps.

Best for: urgent cash pickup only

Find Western Union locations →

6. MoneyGram — Western Union Alternative

MoneyGram works similarly to Western Union.

  • Fees: $5–10
  • Exchange rate: 2–4% markup
  • Speed: minutes to same day
  • Delivery: cash pickup, bank deposit

Why choose MoneyGram:

In some places, MoneyGram locations are easier to reach.

Best for: when Western Union is inconvenient

Visit MoneyGram →

7. Xoom (PayPal) — Best for PayPal Users

Xoom is owned by PayPal.

  • Fees: $0–5
  • Exchange rate: 1–3% markup
  • Speed: minutes to days
  • Delivery: bank deposit, cash pickup

Why choose Xoom:

It connects easily with your PayPal account. It is not always the cheapest, but it is simple.

Best for: PayPal users who value convenience

Transfer with Xoom →

Quick Comparison Table

Provider $500 Transfer (You Pay) Recipient Gets (NGN) Speed
Wise ~$506 ~₦780,000* 1–2 days
Remitly ~$500–504 ~₦770,000* Minutes–3 days
Sendwave $500 ~₦765,000* Minutes
WorldRemit ~$504 ~₦765,000* Minutes–2 days

Rates change often. Always check live rates before sending.

How to Save Even More

Even small changes can save a lot over time.

1. Avoid Card Fees

Pay with bank transfer (ACH) when possible. Debit and credit cards often add 1–3% extra.

2. Send Larger Amounts Less Often

Because many fees are fixed, one larger transfer is usually cheaper than many small ones.

3. Watch for Promotions

Remitly and WorldRemit often run discounts. Therefore, check for promo codes before sending.

4. Compare Every Time

Exchange rates move daily. What was cheapest last month may not be the cheapest today.

5. Use BankSeer

Our free comparison tool checks top providers instantly. As a result, you always know which one is cheapest for your transfer.

Which Provider Should You Choose?

Here’s a quick guide:

  • Choose Wise if you want the best value overall
  • Choose Remitly if you need speed and fair pricing
  • Choose Sendwave if you send small amounts often
  • Choose WorldRemit if you need mobile money or cash pickup
  • Choose Western Union only for emergencies and physical cash

Frequently Asked Questions

What’s the cheapest way to send $1,000 to Nigeria?

In most cases, Wise offers the best total value. You pay a small fee, but you get the real exchange rate.

Can I send money instantly?

Yes. Services like Remitly, Sendwave, and WorldRemit can deliver instantly or the same day. Western Union and MoneyGram also offer fast cash pickup.

Is it safe to send money online?

Yes. These companies are licensed and regulated. For example, Wise is regulated by FinCEN in the US. Others, like Remitly and Western Union, are also long-established brands.

What do I need to send money?

Usually, you need:

  • Recipient name that matches their ID
  • Nigerian bank account number and bank name, or
  • Phone number for mobile money, or
  • Pickup location for cash
  • Your valid ID and payment method

Start Saving Today

Stop overpaying on international transfers.

Use our comparison tool to check live rates and find the cheapest way to send money to Nigeria for your situation.

Compare Nigeria Transfer Rates Now →

Rates and fees can change at any time. Always confirm current pricing before sending. We may earn a commission when you use our links, but this does not change the rates you pay.