BOSS Money Review: Is BOSS Revolution's Money Transfer App Any Good?
Byron Mühlberg
Guide
BOSS Money is BOSS Revolution's money transfer arm, and according to our research, testing, and comparison with other providers, it's one of the best ways to send money abroad available on the market.
In this short review, we delve into everything you should know about sending money with BOSS Money and how to compare alternatives in just a few clicks.
What We Liked About BOSS Money
- Transparent about exchange rate margins,
- Very low conversion fees,
- Snappy and lightweight mobile app,
- Frequently runs promos and interesting deals in-app,
- Transfers to bank account, cash pickup, and mobile wallet.
What We Didn't Like About BOSS Money
- Lots of verification requirements to send from U.S.,
- Long cash transfer times to some African countries.
Compare BOSS Money to top competitors in just a few clicks:
Key Facts About BOSS Money
| 📤 Pay-in options: | Debit/credit card. |
|---|---|
| 📥 Pay-out options: | Bank deposit, cash pickup, cash delivery. |
| 🪙 Min. transfer: | $10. |
| 💵 Max. transfer: | $2,999. |
| 💱 Currencies: | From USD to 33 others. |
| 📍 Head office: | Newark, New Jersey, U.S. |
| 🖋 Established: | 2008. |
| 👥 Customers: | 5 million. |
| 🌍 Available: | U.S. only (for money transfers). |
| 🌎 Languages: | English, Spanish. |
How We Review Money Transfer Providers
With more than 50 providers reviewed and 100 test transfers made over the past ten years, we pride ourselves on providing the best reviews of international money transfer services online. Curious how we make them and why you can trust us? Take a look at our process below:
Trust & Credibility
Background check
Valid authorization from all relevant financial authorities.
Security & reliability
Segregated client accounts & HTTPS.
Company size
Owned by IDT Corporation, a large and established company.
Transparent pricing
Exchange rate margins fully disclosed.
Can You Trust BOSS Money?
Yes, BOSS Money is a fully trustworthy and legitimate way to send your money abroad.
Founded in 2009, BOSS Revolution (BOSS Money's leading company) has grown to more than five million customers and handles over $2.5 billion per year in transactions. In the U.S., BOSS Revolution is a registered money services business (MSB) with the Financial Crimes Enforcement Network (FinCEN), meaning it's fully compliant with local regulations governing money transfer services.
Beyond that, you can quickly delete any account and associated personal data you set up with BOSS Money. All funds you send aren't held by BOSS Money's bank accounts but by special segregated accounts, meaning your money is safe from the business's ups and downs. The app also runs on two-factor authentication and SSL encryption, meaning your transaction is as secure as possible.
Service & Quality
Opening an account
Fast and easy over a great app. Verification can take a while.
Making a transfer
Very easy. Payment by credit/debit card with multiple payout options.
Contacting support
Live chat and phone support available, but not 24/7.
Is BOSS Money Good For Sending Money?
BOSS Money is undoubtedly one of the best ways to remit money from the U.S. currently available. Its app is fast and easy to use, and (as we'll see in the next section) its rates are surprisingly cheap.
Although BOSS Revolution's mobile top-up and calling services are available in seven countries, their money transfer service (BOSS Money) is only available in the U.S. as of March 2025. That means you won't be able to use this service if you're not an American resident. In case you're interested, BOSS Money currently supports transfers from USD to the following 48 countries and currencies listed below:
You can pay for your transfer right from the BOSS App with your U.S. credit or debit card and, to most of the countries listed above, BOSS Money supports the following pay-out methods:
- bank deposit,
- cash pickup,
- cash home delivery,
- BOSS Money app account deposit,
- debit card deposit.
This makes BOSS Money a super flexible sending option comparable to better-known providers like Western Union and Moneygram (although it's often the cheaper choice between these).
In our test, the app was speedy and easy to set up. We could download it from the App Store (it's available on Android, too), and we found it to be minimalist and slick. It didn't use much phone storage space. On the downside, two potentially limiting factors were the verification process (required by U.S. law) and the relatively low maximum transfer limit of $2,999.
Fees & Exchange Rates
Transfers to a bank account
Low FX margins and fees in comparison to the market.
Transfers to cash pickup
Low FX margins and fees in comparison to the market.
Transfers to a mobile wallet
Low FX margins and fees in comparison to the market.
Transfers to a debit or credit card
Low FX margins and fees in comparison to the market.
Is BOSS Money a Cheap Way to Send Money?
Yes, in general, BOSS Money is absolutely a cheap way to remit money from the United States.
If you visit BOSS Money's website, you'll see it lists two kinds of fees (often with a lot of promos for first-time users) as the following example from the desktop transfer page to Bangladesh shows us:
These are essentially two different kinds of costs on any money transfer (whether with BOSS Money or another provider):
- Exchange rate (FX) margin: This is when the provider offers you an ever-so-slightly different exchange rate to the 'real' mid-market rate you find on Google, letting them make a small hidden commission on each dollar you send. Here, BOSS Money is fully transparent about making money this way (click the little i to read more), which we like to see! In actuality, depending on the currency, BOSS Money's FX rates are 0.5% to 2% of the transaction value — way cheaper than the 5% to 10% you get with big U.S. banks.
- Transfer fee: This is generally a fixed fee that's stated upfront. Here, BOSS Money's fees are among the lowest on the market, normally just $0.99 per transfer (or even $0 for new customers).
Of course, it's still worth noting that fees and exchange rates differ depending on the currency you send to and the pay-out method your recipient chooses.
Despite being very cheap though, BOSS Money isn't always the cheapest deal of all. Other providers like WorldRemit, Remitly, and Western Union are often cheaper, depending on your exact transfer size and timing. You can compare the market in real time here on Monito in just a few clicks! 👇
Compare BOSS Money to top competitors in just a few clicks:
Customer Satisfaction
App Store reviews
4.8/5 from 45,000 reviews.
Google Play reviews
4.6/5 from 47,000 reviews.
What Do BOSS Money Customers Think?
As of March 2025, it certainly cannot be said that BOSS Money disappoints its customers. On the contrary, all three main review platforms (iOS App Store, Google Play, and Trustpilot) reflect a glowing sentiment from the app's customer base and a large number of independent users.
FAQ About BOSS Money
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Why You Can Trust Us
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, Monito co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services worldwide.
Today, Monito’s award-winning comparisons, reviews, and guides (no longer just about money transfers but also digital accounts, travel cards, eSIMs, and travel insurance) are trusted by millions each year. Our recommendations are backed by our comparison data and dozens of expert tests, allowing you to confidently make the savviest decisions.
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