You can use this comparison to find a transfer company that lets you send money from the UK to another country.

Before you make an international money transfer, get quotes from each company to find the best deal. These are usually sent to you by email.

All transfer companies base your quote on:

  • The amount you want to transfer

  • The exchange rate for the foreign currency you are transferring to

  • Any transfer fees for sending your money abroad

Some online money transfer companies may offer better rates if you transfer a large amount of money, like 5,000 or more.

Why is the exchange rate important?

It tells you how much of one currency you can exchange for another, for example how many US dollars you get for one pound.

The rate affects how much money you send when transferring abroad, so getting the highest rate possible is a good start towards finding the best money transfer deal.

Exchange rates vary between travel money companies, so compare as many as possible to find the best deal.

What fees apply?

Most transfer companies include their costs in the exchange rate they offer you, including:

  • Commission: This is used by travel money companies to cover the administrative costs of sending your money abroad.

  • Transfer fee: This is usually free, but some companies charge up to 12 per transfer.

International money transfer FAQs

Q

Can I agree an exchange rate now and send my money later?

A

Some transfer companies let you do this, also known as a forward contract transfer. Find out more here.

Q

Why do transfer companies offer different exchange rates?

A

They deduct their costs from the interbank rate (the rate banks use to exchange currencies with one another) to give you a personalised rate.

Q

How long does an international money transfer take?

A

Most take three to five working days, although they can take up to two weeks. Check with the transfer company before you send your money.

Q

Can I transfer money to any country?

A

This depends on the transfer company, so compare the companies above to find one that lets you send money to your chosen destination.

Q

Can I transfer money to an account in another name?

A

Some transfer companies only let you send money to an account in your own name. Check this before sending your money to avoid any delays.

Q

Can I transfer money abroad through my bank?

A

Yes, most banks offer a transfer service, but it is usually more expensive than using the companies in this comparison. Find out more here.

Q

Are money transfers FCA regulated?

A

Yes, your money is kept separate to a transfer company's operational money, meaning you have a better chance of getting your money back if they go bust.