Ubertotem-pole

What do you use to send money overseas?

Hey folks! I send money to family/relatives in Mexico regularly, so I’m wondering what the best overall service you use to transfer money in terms of cost, speed, convenience, ease-of-use, etc. There are so many different apps out there like Remitly, WorldRemit, Wise, and of course the giants like WesternUnion (WU) and MoneyGram. They all look similar to me, though I’ve only tried WU and it’s been decent so far. Would love to hear what folks think the pros/cons for some of these services and what you like to use and why. Thanks. #personalfinance #investments

Poll
68 Participants
Select only one answer
Investment Management Firm HareKrsna Oct 24, 2022

Wise is fast. Decent rate most of the time.

Renesas Electronics batman95 Oct 24, 2022

+1 to this. Wise is better than remitly. Remitly gives a few extra cents but it's not worth waiting for a week, whereas in Wise the transfer is done in few seconds to minutes.

Uber totem-pole OP Oct 24, 2022

A week is a long time! What country do you send money to?

Redfin memo5420 Oct 24, 2022

Remitly has the best customer support and ui

Uber totem-pole OP Oct 24, 2022

Have you had issues that required calling customer service for?

AT&T ↙️ Oct 24, 2022

Ria

Amazon XQMW13 Oct 24, 2022

Bitcoin

Qualys VMProtect Oct 24, 2022

I have used Remitly since I came here. Never found a problem with their service.

EMC txnp Oct 24, 2022

Just ach wire for us to Canada or Europe to the us .. easy and fast

Tata Consultancy Services witch-guy Oct 24, 2022

Remitly, XE

Amazon aojJ06 Oct 24, 2022

Blind tax

Apple metamites🐜 Oct 24, 2022

Just use crypto dude. They receive it almost immediately at fraction of the cost and almost no value loss from currency exchange fees.

Uber totem-pole OP Oct 24, 2022

But they’ll have to sell the crypto and get fiat on the receiving side and that’s when they incur additional cost, no?

Apple metamites🐜 Oct 24, 2022

You can look it up and see that off ramp cost is still way lesser than any current conventional methods.

MoneyGram International Wait...wut Jan 1

Cash access and low fees.