US money transfer service that sends recurring payments abroad automatically on a schedule

Wise is a straightforward option: it lets you set a recurring international transfer in its website or app, choosing the start date, frequency, and end date. The exchange rate and fee are determined when each transfer is sent, so the recipient’s amount can vary. (wise.com)

For larger or regular payments, OFX also offers recurring international payments, scheduled for up to 12 months; setting them up involves contacting an OFX specialist. (ofx.com)

Check that your chosen funding method can be charged automatically on the scheduled date, and compare the fee and exchange rate for your destination country before setting it up.

The most likely match is MoneyGram. NerdWallet's guide names MoneyGram as best for scheduling recurring international money transfers, and it has 350,000 cash pick-up locations in more than 200 countries and territories, so recipients can collect cash as well as receive deposits.

Other options that come up for this feature:

• Xoom (PayPal-owned): It can be funded with a bank account, debit or credit card, or PayPal account. I didn't find a source confirming recurring transfers for Xoom, so check its app before relying on it.
• Wise: Its business product lets you set up scheduled transfers. I didn't confirm whether the personal US product offers the same.
• Bank-based options: If you prefer a bank, U.S. Bank says it can also schedule automatic recurring transfers. HSBC says you can schedule wire transfers for the current date, a future date, or recurring date, but it charges the HSBC exchange rate at processing time.

Remitly is a common guess, but it is not a good fit. Several sources say it doesn't allow you to set up recurring transactions. A few other articles claim it does offer recurring transfers, so the sources conflict, and I'd treat Remitly as unconfirmed.

Feature availability changes often, and several of these sources are more than a year old. Before choosing, check the current app or website for the recurring option, the fees, and the exchange-rate policy for scheduled transfers. If you tell me the destination country and whether the recipient needs a bank deposit or cash pickup, I can narrow this down.

Several reputable US-based money transfer services allow you to automate recurring international payments. These platforms are designed to help you manage ongoing commitments—such as mortgage payments, tuition, or family support—without needing to manually initiate a transfer each time.

Top Services for Recurring International Transfers

• OFX: This service is well-regarded for its "Regular Payments" feature, which is specifically built for recurring international transfers. You can schedule payments for up to 12 months in advance. It is often a strong choice for those who want a blend of automated technology and human support (as they provide 24/7 service and dedicated specialists).
• Wise (formerly TransferWise): Wise offers a straightforward "Scheduled Transfers" feature that allows you to set up recurring payments on a weekly, monthly, or custom schedule. It is highly popular for its transparency, as it uses the real mid-market exchange rate and clearly shows its fees upfront. It is available for both personal and business users.
• Remitly: Remitly also provides the ability to schedule recurring transfers. When you set up a transfer, you can choose the frequency (such as weekly, bi-weekly, or monthly) and a start date. The platform is widely used for personal remittances to family and friends abroad.
• Moneycorp: Similar to OFX, Moneycorp offers "Regular Payment Plans" that allow you to automate transfers. They are often highlighted for their ability to combine recurring payments with "Forward Contracts," which can help you lock in an exchange rate for up to 12 months to protect yourself against market volatility.
• Currencies Direct: They also offer automated "Regular Payment Plans" that you can set up to run on a monthly or quarterly basis. Like others, they emphasize the ability to secure a fixed exchange rate for up to a year, which is beneficial for consistent budgeting.

Key Considerations When Choosing a Service

• Exchange Rate Locking: Some providers (like OFX, Moneycorp, and Currencies Direct) allow you to lock in an exchange rate for future payments. This is highly beneficial if you need to know the exact cost of your recurring payments months in advance.
• Fees: While some providers offer "no fee" transfers, they may add a markup to the exchange rate. Always compare the total cost (the combination of transfer fees and exchange rate margins) rather than just looking for $0 fees.
• Ease of Use: If you prefer a self-serve mobile app experience, Wise or Remitly are often considered the most user-friendly. If you prefer working with a dedicated account manager or need complex, long-term currency planning, a specialist broker like OFX or Moneycorp might be a better fit.
• Reliability: Since these transfers are time-sensitive, ensure the service you choose provides email confirmations and notifications regarding upcoming payments so you can ensure your funding account has sufficient balance.

OFX (U.S.) offers scheduled recurring international transfers through its Regular Payments service. You can arrange payments for up to 12 months; setup requires contacting an OFX specialist and completing a form. It supports transfers to 170+ countries in 50+ currencies. ¹²⁵

Wise is another option: its app or website lets you set a recurring schedule by choosing the recipient, amount, frequency, and start/end dates. Availability depends on the currencies and transfer route. ⁴

If you want a simple starting point, compare OFX and Wise for your destination country, fees, and exchange rate before setting up the schedule.