Sending money abroad doesn’t have to be expensive or complicated — but hidden fees, bad exchange rates, and slow deliveries can easily catch you off guard.
At RemitReview, we believe in smarter, cheaper, and faster transfers. Here are 10 must-know tips to save you money and avoid transfer traps.
1. Don’t Just Compare Fees — Compare Exchange Rates
A service with a “zero fee” could still cost you a fortune through a bad exchange rate. Always compare the final amount the recipient gets, not just the upfront cost.
2. Choose FinTech money transfer companies
Say no to ‘Banks’. Yes, for international money transfers, always use Fintech companies, they are much cheaper and faster than your traditional banks! Fintech companies such as WISE, Remitly, transferGo, profee and currencyfair provide competitive exchange rates and charge very low fees on international transfers. You can also check out our Coupons page, if any coupons available.
3. Choose Speed Wisely: Not Every Transfer Has to Be Instant
Fast transfers sound tempting, but they often come with higher fees. If timing isn’t urgent, choosing standard delivery could save you up to 50% in costs.
4. Skip the Credit Card: Pay With Your Bank Account Instead
Credit card payments for money transfers usually trigger cash advance fees, higher rates, and interest charges. Bank transfers or debit cards are almost always cheaper and safer.
5. Time Your Transfers Around Currency Swings
Exchange rates move daily. If you have flexibility, monitor rates or set up alerts. A slight improvement in rates could save you hundreds on big transfers.
6. Read the Fine Print on Receiving Fees
Even if the sending fee is low, the recipient’s bank might charge to receive the money. Always check if the receiver will face deductions — it’s a common hidden cost.
7. Use a Real Total Cost Calculator
Guesswork costs money. Tools like RemitReview’s Real Total Cost Calculator show you the actual amount your recipient will receive — with all fees and FX spreads included.
8. Use Promotions and Referral Bonuses
Many money transfer services offer free first transfers, discounts, or referral bonuses. Don’t miss out — these can significantly lower your costs over time.
9. Pick a Service Based on Where You’re Sending
Different services specialize in different corridors (e.g., USA to India vs. UK to Nigeria). Check real user reviews for your exact country pair — it makes a big difference.
10. Prioritize Transparency Over Marketing Hype
Stick with providers who clearly show fees, exchange rates, and transfer times upfront. RemitReview’s Transparency Score can help you spot the truly honest ones.
Final Word
The secret to smart money transfers is simple:
✅ Know the real costs.
✅ Choose trusted providers.
✅ Plan ahead when you can.
At RemitReview, we help you to find right service provider and send money smarter — so you can keep more for yourself and your loved ones.
