5 Best Money Transfer Software in 2022

When you need to transfer money worldwide without any hustle, you will definitely be going to need the help of money transfer software. This software allows you to do your international transactions with any type of currency no matter your location. It is an easy solution for individuals and for businesses.

What Is the Best Money Transfer Software?

Here are my top picks of the best money transfer software that you can use to transfer money worldwide.

1. Wise


Wise is a popular money transfer software that allows you to convert and hold 55 currencies and send money to 80 countries.

It does not charge any monthly fee for having an account on its platform. You will only be charged when sending money through Wise. The rates and fees differ from one country to another.

Wise offers a handful of payment options such as direct debit, wire transfer, debit card, credit card, and apple pay.

You can create a free account in Wise easily and start using once approved. The free version lets you send, receive, and hold money in many currencies.

Wise has a unique feature called Wise Assets. With this program, you can invest money in the iShares World Equity Index Fund. It has Apple, Microsoft, and Tesla stocks in holdings.

Rates & Fees

Below are services offered for free by Wise to you;

  • Opening an account
  • Withdrawing 100 USD per month
  • Holding 50+ currencies
  • Getting account details in 10 currencies (AUD, CAD, EUR, GBP, HUF, NZD, RON, SGD, TRY, and USD)
  • Receiving money (non-wire)

But Wise charges you for the following services;

  • Sending money (Fee varies by country) – from 0.41%
  • ATM fees over 100 USD per month – 2%
  • Getting the Wise debit card – 9 USD
  • Converting money (Fee varies by country) – from 0.41%
  • Receiving USD wire payments (fixed fee per payment) – 4.14 USD

2. Remitly


Remitly offers various methods for transferring money such as Mastercard and Visa Debit or credit card, Prepaid cards, Bank accounts, Maestro cards, and SEPA credit transfers. Also, you can use the Remitly app to transfer money.

It gives the opportunity to transfer money for senders in 21 countries including the United States and for recipients in 160+ countries.

Remitly does not charge for account creating an account or for maintaining one. However, it has a complicated fee structure when transferring money. It may vary from low to high according to the country.

Rates & Fees

Remitly offers pricing options for all your transactions based on which country you are located. You can view the pricing details by visiting their website.

3. Veem


Veem is a good money transfer software built to speed up wire transfers and reduce costs. Because it processes payments through a secured digital ledger of transactions. So, it avoids the intermediate bank effects and the fees associated with them.

Also, Veem has integrating options for accounting software such as QuickBooks, Xero, and NetSuite. So you can automatically load your Veem payment and invoice details to the accounting software.

By using Veem, you can send payments to over 100+ countries and in 70+ currencies.

Rates & Fees

You don’t have to pay any subscription or usage fees for Veem. And the majority of wire transfers occurring through Veem are free. But there are some fees associated with certain types of transactions such as;

  • Credit card transactions – 2.9%
  • Instant deposits – 1%
  • International payments in USD – $29

4. Vayupay


Vayupay is a web-based B2B money transfer software system that has many advanced features.

And it supports for multi currencies and multi countries across the globe. Also, Vayupay gets you many payment options and integrations including Visa, Mastercard, Paypal, Stripe, etc.

Its mobile app makes your money transfer process more comfortable and easier.

Rates & Fees

Since Vayupay is a B2B money transfer software, they offer different cost options that are best suited for your business. You can request a Free Demo on their website to check the fees.

5. OFX


OFX is a money transfer software that started its services in 2001 and is listed on the Australian Stock Exchange (ASX) and monitored by over 50 regulators worldwide. So, it’s a very trustworthy platform to transfer money.

It supports over 50+ currencies and you can make international money transfers to 170+ countries.

OFX has a mobile app that can make your money transfer needs easier and faster.

Rates & Fees

OFX has a money transfer rate calculator which helps you get a good understanding of the fees that are associated with your transaction.

Final Thoughts

Choosing a money transfer software is a must when you are thinking of making an international transaction. So it is important to select a good service in order to securely transfer your money with low amount of transaction fees.

Overall, Wise is a good solution that has an average amount of features and if you are mainly focused on B2B transactions, Vayupay is the best fit for you.

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