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Review: Global Reach international money transfers

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Send fast and affordable money transfers with Global Reach.

Global Reach specializes in offering fast, secure and affordable online transfers to personal and business customers. With offices in London, Cornwall, South Africa and Cyprus, Global Reach has transferred more than 400 billion (around $7.15 billion) globally and trades in over 130 currencies, all while maintaining an 1A2 Credit Rating from global ratings agency, Dun and Bradstreet. With more than 25,000 money transfer clients worldwide, Global Reach allows Canadian residents to sign up and take advantage of its convenient money transfer services.

GBP 3,000

Min. Transfer Amount

No limit

Max. Transfer Amount

1 day

Transfer Speed

Details

Product NameGlobal Reach International Money Transfers
Min. Transfer AmountGBP 3,000
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Bank Account to Bank Account
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
1 day
Customer ServicePhone, Chat, Email
Available CurrenciesAED, AUD, BBD, BGN, BHD, BWP, CAD, CHF, CZK, DKK, EUR, GBP, GHS, HKD, HRK, HUF, ILS, ISK, JOD, JPY, KES, KWD, LKR, MAD, MUR, MXN, NOK, NZD, OMR, PKR, PLN, QAR, RON, RUB, SAR, SEK, SGD, THB, TND, TTD, UGX, USD, ZAR
Online Transfer FeeGBP 0
Branch Transfer FeeGBP 0
Phone Transfer FeeGBP 0
Exchange Rate UpdatesReal time

How much does it cost to transfer money with Global Reach?

Global Reach aims to offer competitive exchange rates that are much closer to the interbank rate than what the major banks are able to offer, generally saving customers up to 5%. Global Reach doesn’t charge fees on transfers over £3,000 (around $5,400), although some banks may levy a receiving or routing charge on your payment, which could affect the final amount received by your beneficiary. The minimum transfer amount is almost exclusively £3,000 (around $5,400), but Global Reach can potentially negotiate smaller transactions (usually for a fee) for regular payments.

Below is a table displaying common currency pairs with sample exchange rates (as of 10 April 2018).

CAD / GBPCAD / EURCAD / USDCAD / AUD
CAD$1 = GBP0.55940.64210.79351.0218
CAD / CHFCAD / CZKCAD / DKKCAD / HKD
0.759316.25404.78216.2294
CAD / INRCAD / JPYCAD / NOKCAD / NZD
51.539085.01706.18271.0763

The exchange rates are shown for indicative purposes only and are correct as of 10th April 2018.

With a focus on offering exchange rates that are as close as possible to the interbank rate (the rate you can find by conducting a quick Google search), Global Reach also provides a Best Exchange Rate Guarantee. You can view current live rates by signing up for a free account.

Which currencies can you send with Global Reach?

Global Reach allows you to send money overseas in more than 130 currencies. A full list of transfer destinations is available from the provider, but some of the currencies available for transfer include the following:

  • UAE dirham
  • Australian dollar
  • Bahamian dollar
  • Bahraini dinar
  • Botswana pula
  • British Pound sterling
  • Bulgarian lev
  • Canadian dollar
  • Cayman Island dollar
  • Chinese Yuan renminbi
  • Croatian kune
  • Czech koruny
  • Danish krone
  • East Caribbean dollar
  • Euro
  • Ghanaian cedi
  • Hong Kong dollar
  • Hungarian forint
  • Israeli shekel
  • Jamaican dollar
  • Jordanian dinar
  • Japanese yen
  • Kenyan shilling
  • Kuwaiti dinar
  • Sri Lankan rupee
  • Mauritian rupee
  • Mexican peso
  • Nigerian naira
  • New Zealand dollar
  • Norwegian krone
  • Ormani rial
  • Russian ruble
  • Saudi riyal
  • Singapore dollar
  • South African rand
  • Swedish krona
  • Swiss franc
  • Thai baht
  • Ugandan shilling
  • US dollar

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What types of transfers can you carry out with Global Reach?

Global Reach provides the following range of transfer options to help you save time and money when sending funds overseas:

  • One-off payments. Locks in a competitive exchange rate for one-off transfers.
  • Forward contracts. Fixes your exchange rate for up to two years ahead of transfer date.
  • Limit orders. Sends transfer when a target exchange rate becomes available on the market.
  • Market orders. Minimizes risk by targeting favourable exchange rates.
  • Regular payments. Sets up automatic, hassle-free transfers.

If you ever have a question or require assistance with a transfer, Global Reach offers a handy online FAQ section and detailed information on its website.

The registration and transfer process

To begin using Global Reach services, you must first open an account by providing your name and contact information. Once you input your basic details, you’ll need to specify the amount you intend to send, the currency you’ll be transferring and the destination country. You will then have the option of placing a one-off transfer or using a forward contract or limit order to get the exchange rate you want.

Once you’ve been approved for an account, you’ll be given a chance to review the exchange rate and fee that will apply to your transaction. If you’re happy with the full cost of the transaction, you can go ahead and submit your transfer. Once your funds arrive at Global Reach, you’ll be sent a confirmation e-mail, and once funds are sent to your beneficiary, you’ll receive a payment receipt.

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What are the pros and cons of using Global Reach?

Pros

  • Competitive exchange rates. Lock in a best-rate guarantee on all transfers.
  • Fee-free transfers. Avoid transfer fees on amounts over £3,000 (around $5,400).
  • Worldwide transfers. Send money in over 130 currencies to destinations around the globe.
  • Flexible options. Book one-off payments, forward contracts and limit orders to guarantee best exchange rates.

Cons

  • Not Canadian based. Customers can only transfer money online but have no access to in-person transactions.

How does Global Reach compare to other providers?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.757 USD
3,787
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
USD 150 1 day CAD 15.00 0.754 USD
3,756
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
Go to site Show details
GBP 3,000 1 day CAD 0.00 0.754 USD
3,768
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
CAD 0 Within an hour CAD 3.99 0.758 USD
3,787
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 0.761 USD
3,771
Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Frequently Asked Questions

Global Reach offers a convenient transfer alternative if you don’t want to accept a low exchange rate from your bank. Compare its features with the services offered by other money transfer companies so that you can find the right transfer solution for your needs.

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