Can You Send Money Overseas With Zelle

Jump to our picks for the best ways to send coin:

• Best for mobile: Venmo

• Best for referral bonus: Greenbacks App

• Fastest for domestic transfers: Zelle  || Google Pay

• Most popular online: PayPal

• Best for nonbank transfers: Walmart2Walmart

• Best for sending $10,000 or more inside the U.S.: Bank wire transfer

• Cheapest for international transfers: OFX

• Fastest for international transfers: Xoom || MoneyGram

• Best transfer options: Western Matrimony

• Best for like shooting fish in a barrel sign-up: Wise

When you ship money online, the best way depends on how and where you want to ship information technology.

Nosotros compared fees, speed and other features to find the best providers for domestic and international money transfers.

Why you lot can trust NerdWallet: Our writers and editors follow strict editorial guidelines to brand sure our coverage is fair and accurate, so y'all tin choose the options that work all-time for y'all.

+ See a summary of our picks

How to ship money online, on mobile or in person

• Venmo: All-time rated for mobile.

• Greenbacks app: Best for referral bonus.

• Zelle: Fastest for domestic transfers (necktie with Google Pay).

• Google Pay: Fastest for domestic transfers (necktie with Zelle).

• PayPal: Virtually popular online.

• Walmart2Walmart: Best for nonbank transfers.

• Bank wire transfer: Best for sending $ten,000 or more within the U.Southward.

• OFX: Cheapest for international transfers.

• Xoom: Fastest for international transfers (necktie with MoneyGram).

• MoneyGram: Fastest for international transfers (necktie with Xoom).

• Western Spousal relationship: Best transfer options.

• Wise: Best for piece of cake sign-up.

All-time means to send coin: Domestic

Read review	Venmo: Best rated for mobile.
Read review	Cash app: Best for referral bonus.
Read review	Zelle: Fastest (necktie).
	Google Pay: Fastest (tie).
Read review	PayPal: Most popular online.
	Walmart2Walmart: Best for nonbank transfers.
Bank wire transfer: Best for sending $ten,000 or more

Best means to send money: International

Venmo: All-time rated for mobile

Why it's our pick:

• Highly rated app for iOS and Android phones.

• Free, piece of cake, socially engaging coin transfers.

Venmo's app ratings — in combination — are the highest of the domestic providers nosotros considered: 4.3 stars in the Google Play store and four.9 in Apple'southward App Store.

Information technology's costless to send and receive money when you link a bank account, debit card or prepaid debit card. Using a credit card costs 3% of the transaction. With a few taps on Venmo, you can ship up to $4,999.99 per week for peer-to-peer transactions.

Your and your friends' transactions will pop up — without amounts — on a Facebook-similar news feed.

Coin y'all receive shows up instantly in your Venmo balance, but cashing out to a bank account takes one to three business organization days . You can also transfer funds to a debit bill of fare, typically within 30 minutes, for a 1.v% fee. (For more details, read our Venmo review .)

Greenbacks App: Best for referral bonus

Why information technology's our selection:

• $v bonus when someone uses your referral code to sign up and send money.

• No fees to send or receive money.

Cash App lets you lot send and receive coin for complimentary with cash from your linked bank business relationship or debit card. Yous can create your own $Cashtag, or username, in the app, to get in easier for people to discover y'all and send y'all payments. Different the other P2P apps and ways to transport money on this list, Cash App offers a $five bonus when someone signs upwards with your referral link and sends at least $five from their new account.

You'll demand to have a bank account to use the Cash App. Money y'all receive volition testify upwards instantly in your app balance, but information technology will take 1-3 days for the money to prove up in your depository financial institution account if you cull to transfer. You can cash out instantly to your debit card but you'll pay a ane.5% fee.

Y'all're limited to sending and receiving a maximum of $1,000 per xxx days. If you lot want to increase your limit, you lot'll need to provide more personal information such every bit your full name, engagement of birth, and last four digits of your Social Security number. If you transport coin using a credit carte, yous'll be charged a three% fee. (For more information, see our Cash App review .)

Zelle: Fastest (tie with Google Pay)

Why it's our pick:

• Delivery tends to be inside minutes.

• Already integrated with over 1,000 financial institutions, connecting more than than 100 million people.

With Zelle, you can send and deliver coin inside minutes between bank accounts at different financial institutions. You might already be using Zelle's service through your bank's website or mobile app. Over 1,000 banks and credit unions are on board, which ways that their 100 million-some customers can utilize Zelle within their bank's website or mobile app. If your depository financial institution isn't function of the network, Zelle is likewise bachelor every bit a standalone app.

You'll need a U.S. banking concern account to fund and receive payments . Zelle doesn't charge any fees, though any of its partner banks can decide to. Although limits vary by bank, some of the largest banks ready a daily transfer maximum of $2,000 or $ii,500.

Zelle is not made for buying or selling things, and you're not protected for those transfers. In addition, if yous transport money to the wrong person or transfer the wrong amount, you might be out of luck. Protections are express to when someone steals your Zelle business relationship or password and uses it to send coin.

Google Pay: Fastest (tie with Zelle)

Why it's our pick:

• Shine integration of money transfer service in email.

• Instant transfer of funds to debit cards for free.

+ Google Pay in a nutshell

Google Pay lets you transfer money for free using a QR lawmaking, the recipient's name, phone number or email accost. You can also cash out for free within minutes from the in-app wallet to a debit menu. The maximum you can ship is $5,000 every seven days. Bank accounts and debit cards tin fund transfers, just credit cards and prepaid cards cannot.

Google Pay covers 100% of all verified unauthorized transactions , which isn't a given for all money transfer apps and services.

PayPal: Most pop online

Why it'southward our pick:

• Loftier transfer maximum.

• More than 400 1000000 agile accounts worldwide.

PayPal offers costless transfers in the U.Southward. when you fund with a banking company account or PayPal balance. Paying with a credit menu — and unlike other providers, a debit carte — carries a fee: 2.nine% of the sending amount plus 30 cents. Depository financial institution account transfers are free.

Depending on your currency, the maximum amount yous can transport per transfer ranges from $10,000 to $60,000, surpassing Venmo'southward weekly maximum. But if you're sending that much money, doing and so through a banking company provides more than safeguards for your residue, such as FDIC insurance.

Transferring money to banking concern accounts for costless takes i-4 concern days, depending on if the transfer was initiated after vii p.m. ET or on a weekend. You lot can as well pay for an instant transfer to a linked debit card. Yous tin send or receive money on the website or mobile app on iOS and Android phones, or at PayPal.Me, where yous create your own link that family unit and friends tin can utilise to pay you lot. (Read our PayPal review .)

Walmart2Walmart: Best for nonbank transfers

Why it's our pick:

• Cheaper cash transfers than some traditional coin transfer companies.

+ Walmart2Walmart in a nutshell

If you desire to transfer cash, Walmart is cheaper than traditional money transfer companies, such as Western Marriage and Xoom. You lot can send money to whatever of the thousands of U.S. Walmart stores, where a recipient can pick up the money within minutes.

In most states, the maximum you lot can ship in a 24-hour interval is $2,999.99, and prices start at $iv. (For more about Walmart financial services, read our Walmart Money Center review .)

Bank wire transfer: B est for sending $10,000 or more than inside the U.S.

+ Depository financial institution wire transfers in a nutshell

Sending a wire transfer through your bank might exist the best fashion to send a large corporeality apace. As convenient equally P2P apps are, they limit how much you can send, mostly $1,000 to $10,000 per transfer, and commitment can take multiple days.

There's a steep fee for transfers. Based on an analysis of big banks, the median domestic wire cost for sending is $25, and $15 for receiving (come across what nearly banks charge ). If y'all need to send a lot of money within minutes, though, the cost could be worth it.

International transfers

When y'all make a transfer abroad, you generally meet 2 costs: the fee for sending coin (also known as the outbound or upfront fee) and the foreign exchange fees, or the markup on the exchange rate that financial institutions utilise when transferring money among themselves. Consider both fees to find the best deal.

OFX: Cheapest

Why it's our choice:

• No outbound fees.

OFX doesn't accuse fees, regardless of the amount you transport. In addition, its online service lets you brand a transfer at current commutation rates or target futurity rates — significant your money volition transfer once your exchange rate is reached — and markups are low. From the U.Southward., you tin can transport money in over 55 currencies.

OFX has a minimum amount per transfer of $ane,000 and no maximum. Delivery typically takes several business days. (Read our OFX review for more details.)

Xoom: Fastest (tie with MoneyGram)

Why information technology'due south our pick:

• Transfers to banking company accounts abroad inside minutes for some countries.

Xoom— a PayPal service — specializes in fast transfers to over 160 countries. Y'all tin send upward to $100,000, though the higher the amount you want to send, the longer you may have to await and the more personal information you'll have to provide (such equally a passport or Social Security number and a bank statement or pay stub). You can send coin past bank account, debit bill of fare, credit card or the payment methods stored in your PayPal business relationship, and most transfers arrive inside minutes. Xoom partners with major banks abroad, assuasive users to have coin delivered to bank accounts or, in some countries, for greenbacks pickup or as mobile phone reloads.

Cost is where Xoom lags backside competitors. Xoom makes money from exchange rates, but it gives ameliorate rates for sending higher amounts to certain countries. Transfers from one bank account to another are merely sometimes free. Overall, fees tin be higher if y'all utilise a debit or credit menu. (For more than information, see our Xoom review .)

MoneyGram: Fastest (tie with Xoom)

Why it'south our pick:

• Fast transfers to banking concern accounts or as cash for pickup worldwide.

+ MoneyGram in a nutshell

MoneyGram commands a network of locations in more than than 200 countries and territories. Transfers between locations have minutes for commitment every bit cash pickup, which is similar to MoneyGram's main competitor, Western Marriage. Transfers sent online or past mobile telephone to depository financial institution accounts in diverse countries take hours or a single business day; other providers can accept several business organisation days to transfer to bank accounts.

Y'all'll have to pay fees. Average fees for sending $200 to $1,000 range from about $5 to $12 in the countries nosotros surveyed. MoneyGram also marks upwards the exchange rates up to 0.threescore%. For the countries we researched, the maximum corporeality y'all tin can send is nearly $x,000. (See our MoneyGram review .)

Western Matrimony: All-time transfer options

Why information technology's our pick:

• Extensive worldwide network of locations.

• Many ways to send and deliver money.

+ Western Spousal relationship in a nutshell

The biggest coin transfer visitor worldwide, Western Union also has a sizable range of transfer options . On the provider's price estimator tool online, you lot'll see more than a dozen combinations of sending channels, payment methods and commitment options. Y'all tin ship money from the Western Union website or its mobile app, and y'all can apply a bank account, debit card or credit menu — or send from a nearby agent location using cash.

The transfer giant's concrete network covers over 200 countries and territories and more than half a million locations globally.

Transfers are expensive — one of the nigh expensive of the providers nosotros looked at — and just some options include aforementioned-day or next-day delivery. Some online transfer options can have several business concern days for delivery. (Read our Western Wedlock review .)

Wise: Best for piece of cake sign-up

Why information technology's our pick:

• No strange commutation rate markups.

• Consumer-friendly web experience from sign-upwardly to delivery.

Wise (formerly TransferWise) balances convenience and costs on its online and mobile money transfer platform. You can sign up with your Apple, Google or Facebook account, instead of a site-specific login, and your commutation rate is generally guaranteed for at to the lowest degree a 24-hour interval. Wise sends money from the U.S. to over 80 countries without an commutation rate markup — they do charge you an exchange rate fee, which pays for making the exchange happen, but there's no markup and they don't make coin off this fee.

In virtually cases, you lot'll pay two fees: a flat dollar amount (the upfront fee), which increases with the amount y'all ship, and the exchange fee, which is often less than one% of the corporeality y'all ship. From the U.S., delivery more often than not takes several business organisation days. (Read our Wise review ).

METHODOLOGY FOR DOMESTIC TRANSFERS

To determine the best domestic transfer services, we examined the following features for 12 providers: fees, delivery speed of greenbacks or money to recipient's bank account, user reach (where transaction data were available), sending amount limit and security measures. Priority went to those providers that offer no-price transfers, accept established histories and maintain loftier security standards. We excluded single-bank P2P services since they commonly limit users to a given bank.

Note: All transfer amount limits given presume users have verified their identity as each app requires. There are also initial amount limits when first using the app.

Providers surveyed: Apple Pay , Cash App , Facebook Pay, Google Pay, MoneyGram , PayPal , PopMoney, Ria , Venmo , Walmart2Walmart , Western Matrimony and Zelle .

METHODOLOGY FOR INTERNATIONAL TRANSFERS

We analyzed seven providers that work in the U.S., mostly focusing on major players in the international coin transfer industry, based on market research, experts, toll assay and U.S. cyberspace traffic.

Countries surveyed: Germany, India, Mexico and the United Kingdom.

Fees and commutation rate markups mentioned are based on the analysis linked below.

Source: https://www.nerdwallet.com/article/banking/best-ways-to-send-money

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