Remittance Guide

Everything you need to know about sending money abroad. Compare corridors, delivery methods, and find the cheapest way to support your family overseas.

$656B
Global Remittances (2025)
6.2%
Average Cost to Send $200
200+
Countries Served
800M+
People Supported

Popular Remittance Corridors

🇮🇳

USA → India

Cheapest: Wise
Avg. Total Cost
0.5–1.0%
Annual Volume
$87B/year

The largest remittance corridor. Wise and Remitly dominate for bank transfers; Western Union for cash pickup in smaller towns.

🇲🇽

USA → Mexico

Cheapest: Remitly
Avg. Total Cost
0.5–1.5%
Annual Volume
$63B/year

Highly competitive corridor. Many providers offer near-zero fees. Cash pickup widely available via Elektra, OXXO stores.

🇵🇭

USA → Philippines

Cheapest: Remitly
Avg. Total Cost
0.8–2.0%
Annual Volume
$38B/year

GCash and bank deposit options popular. Remitly and Wise offer best rates for bank transfers.

🇨🇳

USA → China

Cheapest: Wise
Avg. Total Cost
1.0–2.5%
Annual Volume
$51B/year

WeChat Pay and Alipay options available through some providers. Regulatory requirements make this corridor complex.

🇳🇬

UK → Nigeria

Cheapest: Wise
Avg. Total Cost
1.0–3.0%
Annual Volume
$20B/year

Mobile money and bank deposit are primary delivery methods. Watch for black market rate differences.

🇵🇰

UK → Pakistan

Cheapest: Wise / Remitly
Avg. Total Cost
0.8–2.0%
Annual Volume
$31B/year

JazzCash and Easypaisa mobile wallets accepted by many providers. Cash pickup via HBL and UBL branches.

🇮🇳

UAE → India

Cheapest: Wise / Al Ansari
Avg. Total Cost
0.3–1.5%
Annual Volume
$48B/year

Exchange houses like Al Ansari and UAE Exchange offer competitive rates. Compare with Wise for bank transfers.

🇲🇦

Europe → Morocco

Cheapest: Wise
Avg. Total Cost
1.0–3.0%
Annual Volume
$11B/year

CashPlus and Wafacash popular for cash pickup. Bank transfers available through most major providers.

Delivery Methods Compared

Bank-to-Bank Transfer

Cost: Low–MediumSpeed: 1–3 days
✓Secure and traceable
✓No cash handling needed
✓Best for large amounts
✗Recipient needs a bank account
✗Slower than cash pickup
✗Bank may charge receiving fee

Mobile Wallet

Cost: LowSpeed: Minutes
✓Instant delivery
✓No bank account needed
✓Convenient for recipients
✗Limited to supported wallets
✗Transaction limits often low
✗Not available in all countries

Cash Pickup

Cost: Medium–HighSpeed: Minutes to hours
✓Recipient needs no bank account
✓Widely available in rural areas
✓Familiar for many recipients
✗Higher fees
✗Security risk carrying cash
✗Recipient must visit location

Home Delivery

Cost: MediumSpeed: 1–3 days
✓Delivered to recipient door
✓No travel needed
✓Available in select countries
✗Limited availability
✗Scheduling required
✗Someone must be home

Remittance Checklist

☐Compare total cost (fee + exchange rate markup), not just the transfer fee
☐Verify the exchange rate against the mid-market rate on USDConverter.com
☐Check delivery time—express transfers cost more
☐Confirm the recipient delivery method (bank, wallet, cash pickup)
☐Look for first-transfer promotions and fee-free offers
☐Keep transfer receipts and tracking numbers for records
☐Set up recurring transfers if you send money regularly
☐Be aware of transfer limits per transaction and per month

Disclaimer

Remittance costs, volumes, and service details are approximate and for informational purposes only. Actual fees and rates vary by provider, payment method, delivery method, and amount sent. USDConverter.com is not affiliated with any remittance provider. Always compare current rates before sending money.