What Electronic Funds Transfer Services Cover Many Countries

Electronic funds transfers make it easy for people to send and receive money all around the world. However, not each electric funds transfer service is made the same because not all services cover many countries. Luckily, we have compiled a list of transfer services that cover many countries to help you out.

What Are Electronic Funds Transfer Services?

Electronic funds transfer services is a transfer of funds using one financial institution or with multiple institutions, typically through computer-based systems. There are many electronic funds transfer services that you would already know of, such as PayPublishing and PayPal. 

A payment made with a credit card.

Western Union

Western Union is a well-established money transfer service that many immigrants trusts, and for good reason. Western Union boasts over half a million branches located in over 200 countries, making it one of the most accessible options for almost everyone. You can use the internet, call via phone, or physically visit a branch to make or receive a money transfer. It is great if you want to send money to another person who does not have a bank account because they offer pickup locations for transferred money.


TransferWise can send funds to over 70 countries, and you can send money from over 40 countries. TransferWise is great for people who want quicker payment processes since most people report that their payment processes are complete in 1-2 business days. TransferWise boasts excellent customer service, which is great if you have a lot of questions or concerns regarding your transfers.

The cash that you send through TransferWise gets deposited directly into the recipient’s bank account. Plus, it is cheap and they are very transparent about their fees and charges; no need to worry about any hidden costs.


OFX is another strong competitor in the money transfer service industry, as it covers more than 190 countries and it can offer 55 currencies. OFX is an excellent choice for people who want to send large sums of cash abroad, and the fees improve as you increase how much money you are sending, which is the opposite for most transfer services. 

Keep in mind that there is a transfer minimum; their minimum transfer amount is $1,000. Therefore, OFX is not an option for you if you want to send less cash than that. 


Remitly is a digital alternative for money transfer services. Remitly offers secure and quick money transfers, plus the rates are relatively low. The exchange rates are fairly competitive, and your transfer fee will vary on how quickly you want the payment to arrive and how much you want to send. Unfortunately, Remitly only sends money from 17 countries, but it allows people to receive money from up to 88 countries. It is an excellent option for immigrants who want to send money quickly, securely, and affordably. 

You do not have to spend hours looking for the right electronic fund transfer service for you. You can use our list above to see what service caters to the most countries and what each service can do for you.