|Minimum Age||18 years|
You can use this comparison to find companies that offer quotes for transferring your money from the UK to the USA. Each quote will include the following:
The exchange rate: This is how much your money is worth in the transferred currency, e.g. a rate of 1.2 for pounds to US dollars gives you $1.20 for each £1.
How much you want to transfer: Most travel money companies offer better exchanges rates for larger transfers, such as £5,000 or more.
There is not usually a maximum amount you can send, but some overseas money transfer companies set minimum transfer amounts, such as £100.
Most travel money companies take between three and five working days to send your money abroad, but some can take up to two weeks.
If you want a quicker transfer, some companies offer a same day service at an extra cost. Check this cost when comparing companies to find the best deal.
Check if there are any restrictions for sending your money to the USA, for example, some companies do not let you send money if the receiving account is not in your name.
Yes, but most transfer companies use the exchange rate they offer to offset their costs, so you do not see any charges in your quote. These costs can include:
Commission: This covers the administration costs to transfer your money abroad.
Transfer fees: Most companies do not charge you for transferring, but some may charge between £1 and £12 for each transfer you send.
You can use this comparison to find a company that lets you send international money transfers in the following ways:
Over the phone
In branch, through an agent
You need to open an account with your chosen transfer company before you can send any money abroad. You can do this on their website when you get a quote.
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.
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.
They deduct their costs from the interbank rate (the rate banks use to exchange currencies with one another) to give you a personalised rate.
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.
We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.
How to send money overseas from the Money Advice Service
How to check the authorisation of a firm to send money overseas from the Money Advice Service
Comparing money transfers could help you save money. Our award-winning money transfer comparison service makes sure you get our best exchange rate with the lowest fees. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators to help you make life's most important decisions and take control of your money.
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