Sending money to a different country used to feel like a chore. You’d have to visit your bank, stand in long lines, fill out confusing forms, and then wait days for the money to actually reach the other side. Thankfully, times have changed.

Now, there are plenty of ways to send money internationally – fast, convenient, and often cheaper than traditional methods. Whether you’re helping family back home, paying for services, or covering expenses while living abroad, you’ve got options.

Let’s break down five of them.

1. Bank Wire Transfers

It’s the most popular method. When most people think about sending money overseas, they think of wire transfers through their bank. It’s still one of the most reliable ways, and with modern technology, you can even initiate a wire transfer online without setting foot outside.

Wire transfers are secure and backed by established banks as well as online platforms like SoFi, and they work well for larger amounts. So, if you’re sending a big amount and want guaranteed security, they’re a solid choice.

The exchange rates and fees, however, might not always be favorable. These transfers can also take a day or two to process.

2. Money Transfer Services

Platforms like Western Union also facilitate online money transfers. These companies offer international money transfers through thousands of agent locations. Many now also let you send funds online or via apps.

These services are widely available, have flexible delivery, and are often faster than traditional banks. They’re a good choice if the recipient doesn’t have a bank account or needs cash in hand quickly.

But, similar to wire transfers, the exchange rates and fees (especially for small transfers) might not be great.

3. Online Transfer Platforms

This is where fintech has completely changed the game. Companies like Wise and PayPal make it incredibly simple to send money abroad. You sign up, link your account, and send money straight to someone else’s account – often at a better exchange rate than traditional banks.

These platforms offer transparent pricing with clear fees, have competitive exchange rates, and are fast and easy to use on mobile apps. But transfer limits may still apply, and not all platforms are available in every country.

If you want convenience and lower costs, this option is usually the sweet spot.

4. International Bank Drafts and Checks

Yes, people still use them, but their use is declining fast. An international bank draft works like a guaranteed check, issued in a foreign currency. You can mail it to the recipient, who then deposits it in their local bank.

This process is secure, traceable, and works for large and one-off payments. But the delivery and processing can be slow, potentially taking weeks, and come with high fees. It makes sense for formal payments, but it isn’t practical for everyday use.

5. Prepaid Debit Cards

Another option is sending a prepaid debit card to your recipient and topping it up whenever needed. They can use it for purchases or withdraw cash from ATMs. These cards work globally and offer easy access to funds.