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!
Mga Pinakabagong Post
Back-to-school season can be one of the times of year you feel furthest from the people you love. It's also one of the most expensive – school supplies, uniforms, tuition, and everyday essentials all add up at once. Many people help cover these costs by sending money internationally to family abroad. To support that, new Paysend customers get a fee-free first transfer at a better exchange rate during the back-to-school period.
Whether you're helping pay for school or everyday expenses, an international transfer can get support to the people who need it, when they need it. Paysend lets customers send money to more than 170 countries through secure, straightforward payment methods — here's how to sign up for free and claim the offer.
Every month, thousands of people working in the Czech Republic send part of their payday home — many of them Ukrainians supporting family across the border. And the traditional route makes it harder than it should be: bank wires that ask for IBANs and SWIFT codes, fees that only show up after the money's gone, and days of waiting while someone at home is counting on it.
Pavel Štich has spent years helping his readers solve exactly that. He's Co-Founder and Lead Financial Editor at Moneyo.cz, an independent Czech platform that compares money transfer services, stock brokers, and alternative investments — and a Paysend Ambassador, which means he tests what he recommends, explains it plainly, and brings his readers reader-only perks. We asked him how Moneyo started, who reads it, and why he chose Paysend.
