IDT’s BOSS Money App Lets Users Bypass 1% Remittance Tax with Debit/ACH Transfers
IDT’s BOSS Money app enables U.S. remittance customers to avoid the new 1% excise tax on international transfers by using debit cards or ACH instead of cash, money orders or cashier’s checks. The app supports transfers to over 50 countries and has amassed 110,000 five-star reviews with a 4.9 rating.
1. New 1% Remittance Tax
The U.S. government imposed a 1% excise tax on international money transfers funded with cash, money orders or cashier’s checks as of January 1, 2026, affecting millions of remittance users. This levy increases transfer costs for those relying on traditional funding methods to send funds abroad.
2. BOSS Money’s Tax-Free Funding Option
IDT’s BOSS Money app enables senders to avoid this tax by funding transfers with debit cards or ACH bank accounts. The digital-only funding approach applies to transfers to more than 50 countries.
3. Strong User Adoption and App Features
The app boasts 110,000 five-star reviews and a near-perfect 4.9 rating, driven by transparent pricing, real-time transfer tracking, multi-payout options and secure encryption protocols. Its features include live fee previews, fast delivery and bilingual support, reinforcing its competitive positioning.