Every December, international money transfers surge around the world. Shopping and expenses increase significantly during the holiday season, making it the busiest time of year to send money.
If you live overseas, sending money home around the holidays is a way of staying connected. It helps you show love across borders and support your family through an expensive season.
At Remitly, we know how much these transfers matter. That’s why our focus is on keeping your international money transfers reliable, affordable, and easy—especially during the holidays, when timing is everything. In this article, we’ll explain how the holidays affect money transfers and share tips to ensure your money gets to your loved ones on time.
Celebrations driving December money transfers
The end of the year is filled with traditions, big and small. For many families, December is the time when cultural and religious celebrations come together, and those moments often depend on extra financial support.
Christmas and New Year’s money transfers
Christmas and New Year’s Eve are two of the biggest drivers of December transfers. Families need funds for meals, gifts, and travel so everyone can be together. For some households, holiday giving makes the difference between a modest gathering and a big celebration.
Even if you can’t be there in person, sending money helps you join in the moment. A transfer might mean your mom can buy the ingredients for her famous holiday dish, or that your little brother can get the gift he’s been waiting for. It’s those small details that make you feel close, even when you’re far away.
Diverse cultural observances
Not every family celebrates the same way, and that’s what makes December so vibrant. In Mexico, Las Posadas is a beloved tradition. Jewish families mark Hanukkah with candles, food, and gifts. African-American communities in the US celebrate Kwanzaa with a focus on family and heritage. And in Asia, families begin preparing for the Lunar New Year in January or February.
Year-end financial planning and tax considerations
The end of the year is also a time for financial planning. For many immigrants, December is when work bonuses arrive, savings goals are met, and even taxes come into play.
Using year-end bonuses and savings
If you receive a holiday bonus or extra paycheck, December is often when you have more flexibility to send a larger transfer. Many families back home plan around this, counting on a December contribution to cover bigger expenses.
Your transfer at this time might pay for tuition, home improvements, or other costs that your family has been putting off. In that way, your bonus not only rewards your hard work, but it also becomes a gift that benefits your loved ones, too.
Tax planning and financial organization
For some people, December transfers also tie into tax planning and end-of-year organization. Sending money before December 31st can help meet personal financial goals or obligations. Even when taxes aren’t directly affected, the end of the year is a natural time to take stock of your finances and plan ahead.
For recipients, this often means extra stability at a moment when they need it most. The timing works out perfectly: your financial planning aligns with their holiday and new year needs.
Why holiday money transfers are useful
In December, remittances cover a mix of holiday extras and everyday essentials. A big portion goes to covering meals and gatherings for religious or cultural celebrations like Christmas, Hanukkah, or New Year’s Eve. Groceries, drinks, and treats add up quickly, and many families need a boost to make the season special. Gifts are another major expense, especially for parents and grandparents who want to give children something memorable.
Supporting family traditions from afar
When you’re living abroad, sending money can be a way of keeping traditions alive. Maybe your town puts on a festival every year, or your family has a tradition of buying new clothes for the holidays. Transfers make it possible for those customs to continue, even if you can’t be physically present.
It’s also a way to remind your loved ones that you’re thinking of them. A transfer says, “I may not be there to celebrate, but I’m with you in spirit.” That’s powerful, especially during a season built on connection.
Emergency funds during holiday travel
The holidays are a time of movement, when many people take vacations or travel to visit family. This makes unexpected expenses, like medical bills or last-minute tickets, more likely. Sending money in December acts as a safety net for emergencies, giving both you and your loved ones peace of mind.
December can bring higher living expenses
While the holidays bring joy, they also bring added costs. For many households, December transfers are essential for covering education and daily living expenses that spike at the end of the year.
Covering everyday needs in winter
First of all, the weather can affect living costs significantly, especially for those living in the northern hemisphere. In countries with harsh winters, the cold weather brings higher bills. Heating, electricity, and even groceries can cost more in December.
Families also need winter clothes, especially children who grow out of last year’s coats and shoes quickly. For some households, December money transfers mean staying warm or having money set aside for doctor’s visits.
Remittances during this season often go directly to these expenses. Your transfer may literally mean a warmer home, a new coat, or a fully stocked pantry. These practical contributions are just as meaningful as festive ones.
Supporting international students
Families with international students know December is an expensive month. Tuition for the spring semester often comes due in January, and schools expect payments in advance. Transfers help cover fees, housing deposits, and books so students can start the semester without stress.
On top of that, students might have end-of-term costs, like exam fees or tickets to travel home. A timely transfer can make sure they end the semester strong and are ready for the next chapter.
Preparing for January with year-end transfers
Lots of families also use these transfers as a way to prepare for the year ahead. Rent, utilities, and other recurring expenses don’t pause for the season. After the expenses of the holiday season, many families struggle to pay their regular bills in January.
A December transfer might go toward saving for school or covering January rent. By sending money in the holiday season, you help ensure your family enters the new year with less financial pressure.
Practical considerations for December transfers
December is the busiest month for transfers worldwide. Banks and providers sometimes face delays due to high demand, holiday closures, or limited staff. While most transfers are processed on time, the risk of delay is higher.
Exchange rate fluctuations at year’s end
Currency markets also tend to be more volatile in December. Government budgets, financial reporting, and global trade all affect exchange rates, which can shift quickly at the end of the year.
Even a small change in rates can impact how much your family receives. Watching rates closely or using providers that offer competitive pricing and rate locks can make a noticeable difference in your loved ones’ wallets.
Why reliability matters most in December
During the holidays, timing isn’t just important; it’s everything. Families are counting on transfers for celebrations, bills, and emergencies. A delay can mean missing out on a holiday meal or falling behind on essentials.
That’s why choosing a trusted provider matters. Remitly offers delivery guarantees, transparent fees, and 24/7 customer support, so you can send money with confidence during the busiest season of the year.
Holiday money transfer tips
Holiday expenses can add up quickly, so it’s smart to make your transfers as cost-effective as possible.
Simple ways to save on holiday transfers
- Check exchange rates before sending. Even a small difference in rates can make a noticeable impact on what your loved ones receive.
- Send money early. Planning ahead helps you avoid last-minute rush fees and reduces the risk of delays during the busiest days of the season.
- Consider one larger transfer. In some cases, making fewer, larger transfers can save you on total fees compared to multiple smaller ones.
- Choose a provider you trust. Transparency about costs and delivery guarantees makes all the difference, especially in December.
The end of the year is more than a festive season; it’s a time of connection and care. From cultural traditions to financial planning, December is when international money transfers mean the most. By keeping these tips in mind, you’ll not only save money but also reduce stress during an already busy season.
FAQ
How early should I send money for holiday celebrations?
It’s best to send at least a week before December 24th and 31st. Transfers made earlier in the month are less likely to face delays.
Are there any delays during the December holiday season?
Yes, higher volumes and bank closures can sometimes cause slowdowns. Choosing a provider with delivery guarantees, like Remitly, helps reduce this risk.
What happens if my transfer doesn’t arrive on time during the holidays?
With Remitly’s delivery guarantees and 24/7 support, you’ll have peace of mind knowing your transfer is tracked until it arrives.
Can I schedule multiple transfers in advance for different family members?
Yes—scheduling ahead is a smart way to stay organized and avoid last-minute stress.
Are exchange rates different during the holiday season?
Rates can fluctuate due to end-of-year financial activity. Checking rates before sending helps you make the most of your transfer.
What’s the best way to ensure my family receives money before New Year’s Day?
Send your transfer earlier in December to avoid the busiest dates.
Can I set up recurring transfers for 2025?
Yes, recurring transfers mean your family gets steady support without you needing to remember each time.
What if my recipient doesn’t have a bank account?
Remitly offers options like cash pickup, mobile money, and even home delivery in some locations.