How to Transfer Money Internationally: 5 Ways & Protips

Transferring funds internationally is vital for global business, but how do I transfer money internationally? Choosing the right method impacts cost, speed, and security.

This article outlines five reliable methods for international business payments, along with expert tips to maximize transaction speed, minimize expenses, and simplify the overall process. 

Whether you’re paying suppliers, managing overseas teams, or conducting cross-border transactions, the right approach ensures your money moves swiftly, securely, and cost-effectively.

5 ways to transfer money internationally

Transferring money internationally can seem daunting, but there are several straightforward methods you can choose from, depending on your priorities like speed, convenience, cost, or security.

1. Online transfers with Mekari Expense

Ideal for quick, transparent, and cost-effective business-to-business (B2B) payments internationally, Mekari Expense lets you send money digitally to over 40 countries using more than 15 currencies, instantly and securely.

How it works:

• Log into Mekari Expense and select the Bills menu.
• Enter the international vendor’s details.
• View real-time exchange rates and finalize your transfer.
• Transactions are automatically recorded, simplifying financial reporting.

2. International bank transfer

Sending money through a traditional bank remains popular due to its reliability. However, the process typically takes between 1 to 5 working days due to multiple steps involved. 

You’ll need the recipient’s bank SWIFT code, a global identifier used to ensure the funds reach the correct bank and branch.

How it works:

• Visit your local bank branch.
• Provide the recipient’s full details, including their bank information and SWIFT code.
• Request assistance from a teller to initiate the transfer.
• Remember, transaction fees vary significantly between banks.

3. Western Union transfers

Western Union is widely accessible and convenient, with branches in cities, towns, post offices, retail stores, and banks worldwide. It’s especially useful if the recipient prefers cash pickups rather than bank transfers.

How it works:

• Visit your nearest Western Union agent.
• Complete the money transfer form with recipient details.
• Pay the transfer amount and fees in cash.
• Receive a receipt with the Money Transfer Control Number (MTCN).
• The recipient is notified to collect funds, typically within 3-4 working days.

4. PayPal transfers

PayPal provides a user-friendly, globally recognized online platform suitable for both personal transactions and online shopping payments. Both sender and receiver must have a PayPal account.

How it works:

• Sign up or log into your PayPal account.
• Select “Send Money” and enter the recipient’s email.
• Input the amount to send.
• Review details carefully and confirm the transaction.
• Payments can be linked to debit or credit cards (VISA or Mastercard). Fees typically apply to the recipient.

5. MoneyGram transfers

Similar to Western Union, MoneyGram offers international money transfers through physical agents or digital platforms, accommodating bank account deposits or digital wallet credits.

Step-by-step:

• Complete the MoneyGram transfer form online or at an agent.
• Provide your ID and recipient’s full name and location.
• Choose delivery via bank account or digital wallet.
• Receive an 8-digit reference number, share only with the recipient.
• The recipient is notified when funds are ready to be collected.

How to choose the best transfer method

How do I transfer money internationally? Choosing the best remittance method depends on your needs and your recipient’s convenience.

1. Size of your transfer

When dealing with significant amounts, prioritize providers known for offering competitive exchange rates, transparent fees, and high transfer limits. 

For instance, sending large sums like tuition fees or payments for property purchases abroad is better handled by specialized services or fintech platforms. 

These providers typically offer better exchange rates and lower fees compared to traditional banks, helping you avoid significant losses.

2. Transfer speed

If your transfer is urgent, select providers offering same-day or next-day transfer options. Several platforms offer quick and reliable transfers compared to traditional banking methods, significantly reducing waiting times. 

Additionally, keep in mind that transfers initiated during business hours on weekdays are generally processed faster than those started on weekends or holidays.

3. Recipient’s accessibility

Assess your recipient’s access to banking services. If they have limited or no banking facilities, select providers with alternative methods such as cash pickups, mobile wallet deposits, or prepaid card top-ups. 

Many providers have extensive global networks, ideal for recipients in rural areas or regions with limited banking infrastructure, ensuring they can easily and reliably access their funds.

4. Transfer frequency

If you regularly send money abroad, consider providers that offer incentives such as loyalty programs, reward points, or reduced fees after reaching certain transfer milestones. 

These features can substantially reduce long-term transfer costs and enhance convenience.

Tips for secure cross border money remittance

How do I transfer money internationally securely? Here are essential tips to guide your cross-border transactions:

1. Pick the method that suits your needs

Select a method based on speed, cost, or convenience. Banks offer security but may be costly; online platforms often provide faster, cheaper alternatives. Stick with trusted providers for reliability.

If you frequently send money abroad, opting for a consistent provider with global reach simplifies your financial tasks, streamlines processes, and provides reliable service across multiple currencies and locations.

2. Be mindful of exchange rates and hidden fees

Exchange rates fluctuate constantly, impacting transfer costs. Even small differences can translate into large savings or losses, especially when sending substantial amounts. 

Before transferring, compare providers, asking explicitly about upfront fees, hidden charges, and the exact amount your recipient will receive.

Choosing providers offering real-time rates and transparent fee structures ensures you maximize value and clarity. 

3. Timing matters: plan strategically

Markets usually close during weekends (not always Saturday and Sunday globally) and public holidays, impacting your transfer speed and rate. 

Scheduling your transfers during weekdays and considering global working hours can help secure the best rates and quicker delivery.

If you’re funding international investments or paying mortgages abroad, strategic timing protects against currency fluctuations, reducing potential financial stress or unexpected increases in costs.

4. Double-check all details (and then check again!)

Errors can lead to delays or lost funds. Always confirm every piece of information, from account numbers to names and addresses. If an error occurs, immediately contact your provider. Prompt action significantly increases your chances of retrieving your funds.

Understanding transfer terminology and processes can also help avoid costly mistakes, streamlining your experience. Keep transaction receipts as proof to quickly resolve potential disputes.

5. Stay vigilant against scams

Be wary of unusually attractive offers or pressure tactics demanding immediate transfers. Reliable services will never request sensitive passwords or personal information through informal channels. Always verify the legitimacy of your chosen provider through regulatory authorities. 

Stay updated with security guidelines provided by your financial institution or remittance company, enhancing your awareness and protection against evolving scams.

6. Avoid sending cash via mail

Cash sent through mail can’t be tracked or recovered if lost. Always choose secure and traceable methods like bank transfers, money orders, or digital platforms. If you must physically send funds, opt for a cheque or money order for traceability and added safety.

The fastest international remittance solution

Mekari Expense makes sending money across borders effortless and stress-free. With transfers completed in mere minutes, there’s no more anxious waiting or uncertainty—your funds reach their destination almost instantly. 

Seamlessly integrated with accounting and expense management software, Mekari ensures your financial records are always tidy, accurate, and ready for reporting. 

And the best part? You’ll enjoy all these conveniences with impressively low transfer fees and clear, transparent exchange rates—no hidden surprises, ever. 

Mekari Expense transforms international payments into a smooth, reliable experience—letting you focus more on your priorities, and less on financial complexities.

References

HSBC. ”5 tips for safely sending money abroad (and one thing to avoid)”
Nerdwallet. ”5 Best Ways to Send Money Internationally 2025”