To get the best worldwide money transfer deal you need to compare as many quotes as you can, then choose the most cost effective one. Each company will base your quote on:
Where you send your money: This comparison shows companies that let you transfer globally. The exchange rate they offer you will affect the value of your transfer.
How much you want to send: Some transfer companies offer better exchange rates if you send a larger amount of money, like £5,000 or more.
When you want your money to arrive: Most transfers take three to five working days, but some companies offer a faster service for an extra fee.
Some companies only let you send money if it is over a set amount, such as £100.
How do you want to make your transfer?
There are three ways you can transfer money abroad, but most companies do not offer all of them. They are:
Using a telephone service to make your transfer
Going to a branch to make your transfer
This comparison lets you find transfer companies based on the way they send your money worldwide.
What are the costs?
You may need to pay fees for your transfer, depending on the company you choose and where you are sending your money to.
Transfer fees: This comparison shows how much each company charges for a single transfer.
Commission: This is a hidden charge that transfer companies use to calculate the exchange rate you get.
Some companies do not charge a transfer fee if you send over a set amount, for example £1,000.
If you want to use a next day or fast track worldwide money transfer service, add its extra cost when you compare quotes.
Worldwide money transfer FAQs
Can I transfer money to any country worldwide?
This depends on the transfer company, so compare the companies above to find one that lets you send money to your chosen destination.
Can I transfer money abroad through my bank?
Yes, most banks offer a transfer service, but it is usually more expensive than using the companies in this comparison. Find out more here.
Can I agree an exchange rate now and send my money later?
Some transfer companies let you do this, also known as a forward contract transfer. Find out more here.
Why do transfer companies offer different exchange rates?
They deduct their costs from the interbank rate (the rate banks use to exchange currencies with one another) to give you a personalised rate.
How long does an international money transfer take?
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.
Can I transfer money to an account in another name?
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.
Are money transfers FCA regulated?
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.