What’s the cheapest way to transfer money abroad in 2021?
In life, it’s nice when things aren’t expensive. From holidays to healthcare to groceries, we all love getting a good deal.
It’s the same with money transfers. One of the worst feelings is going into your bank to send money abroad, and discovering that there are large commission fees to send your money to your loved ones. When this happens, you can see your hard-earned money disappearing before your very eyes!
If you’re an expat, no matter where in the world you are you want to find the cheapest way to send money abroad.
Here are three tricks for finding the cheapest way to transfer money in 2021:
Comparison websites
These are perfect when you want to find out about different providers from an expert source. On comparison websites you’ll often be told how much transfers will cost, so you can decide which is the best for you.
One of the most useful comparison websites is top10moneytransfer.com.
Money transfer calculators
Most online money transfer companies will help you understand the costs of their transfers - as well as how much your recipient will receive - by having money transfer calculators on their website. From these, you can figure out which are the cheapest digital transfers.
You can check out Paysend’s money transfer calculator here.
Trustpilot reviews
What better way to decide on what’s the best transfer method for you than hearing it from other customers? Sites like Trustpilot let you hear from people who have tried out international money transfers from different providers, and so they’re really useful when you don’t know which to choose.
Reviews on Trustpilot often talk about the price of transfers, and so they can help you work out which provider is the cheapest.
Paysend lets you transfer money either to a bank account or directly to a card, using just the recipient’s name and card number. Sending to a bank is done with zero commission, and to a card costs just £1, €1.5 or $2 (or equivalent). Paysend’s fees are always low, flat and transparent, and we use excellent, competitive exchange rates to help you and your recipient get the most from your money.
Download the Paysend app today from the App Store or Google Play to get started!
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Throughout August, Paysend is doubling referral rewards. Invite a friend and you'll earn $6 USD, or equivalent local currency, for every successful referral — up to $72 in total. The offer runs from 1 to 31 August, and it applies automatically to every eligible referral made during that window.
Referring friends to Paysend already earns a reward in a normal month. This August, that reward simply goes further. Every friend who joins through your link and completes a qualifying transfer earns you $6 instead of the usual $3, and the total you can earn across the month rises from $36 to $72. It’s easy to invite a friend - just share your invite a friend link found in the app.
