You may think that these numbers don’t sound bad now, but that’s not the only wire transfer fee to worry about.
We advise you against this as banks love spicing up international transfers with poor exchange rates and high fees.įor example, Bank of America charges a hefty fee on the transfers. The last resort is to opt for a bank transfer. TransferWise, Remitly, and WorldRemit are just a few alternatives to try out. Most of these have online platforms and/or mobile apps that let us send money wherever we are to whoever we want.Īside from great user experience and reasonable fees, these companies often offer solid exchange rates (better than what banks do!) with a slight or no markup at all. Luckily, there is no shortage of innovative money-transfer companies that operate not only in the US but across the world as well. Since Venmo is not a viable option for international transfers, what can we use instead? Here’s a taster of what Venmo can offer and what we have to keep in mind regarding its limitations and requirementsĭoes Venmo work internationally? Unfortunately, no. Still, it doesn’t hurt to know more about it and how convenient it is for sending money to our near and dear in the US. If we have some family or friends abroad or need to make some international transactions, Venmo won’t be of much use to us. The slight issue we have with Venmo, is that it only works with domestic payments and can not be used for international money transfers. We are always asked, can Venmo be used Internationally? Currently, no. It lets us quickly send money to anyone we might owe or receive money electronically from those who need to pay us back. Venmo is there to help us make the process simple and stress-free.
The app enjoys a fairly good ranking on both Google Play and the App Store, with its popularity rising rapidly.īut what is Venmo? In short, this is a popular mobile money-transfer tool that makes sending money super-easy and fast. When it comes to mobile-friendly money transfer apps, Venmo scores highly both on our list and among its many satisfied customers.
South Georgia and the South Sandwich Islands.
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