Review: Hawk FX international money transfers

Get dedicated, one-on-one help for your next overseas payment with Hawk FX.

  • Good for transfers over the GBP£5,000 limit and for personalised service with your own account manager.
  • Not so great for sending to someone without a bank account or for immediate customer service help.

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Available currencies

Hawk FX offers money transfers to over 30 different currencies. You can check out the full list of the currencies above, but the following are some of the more popular ones:

  • AED Emirati dirham
  • CNY Chinese yuan
  • EUR Euro
  • GBP British pound
  • HKD Hong Kong dollar
  • INR Indian rupee
  • NZD New Zealand dollar
  • USD United States dollar

What types of transfers can you make with Hawk FX?

Hawk FX only offers transfers to bank accounts but has a range of options that can help you make the most of your transfer.

  • Regular payments. You can set up a payment that’ll automatically go through at whatever frequency you need.
  • Forward contracts. This lets you lock in today’s exchange rate for a transfer up to two years in the future.
  • Limit orders. You can request the exchange rate you’re after and when that rate is met, your transfer will automatically go through.
  • Business transfers. Hawk FX has a specific product that aims to help businesses reduce volatility and risk.

What payment methods does Hawk FX accept?

Hawk FX only accepts payment by bank transfer.

After you’ve booked your transfer, you’ll be given Hawk FX’s bank information detailing where to send your money. Once Hawk FX has received your funds, the company will convert your money and send it to your recipient.

How long does a transfer with Hawk FX take?

Most transfers will arrive the same day, especially for the more popular currencies like EUR and GBP. For the less popular ones, it can take up to two working days.

Is Hawk FX safe to use?

Transfers typically takeClock icon for transfer speed

1 day

Hawk FX is government regulated by the UK’s Financial Conduct Authority (FCA), and keeps clients’ money separate from their own. Hawk FX also uses SSL encryption, which gives you a secure connection when you log into the website.

How does Hawk FX make money?

Hawk FX doesn’t charge fees, but instead makes money off a margin added to the exchange rate. This is why the exchange rate you’ll be quoted is different to the one you can see on Google or Reuters, which is the mid-market rate.

Depending on how much you’re sending and the currency, the margin added on to the exchange rate can be anywhere between 0.3% and 1.5%.

How to register an account

What is Hawk FX?

Hawk FX was founded by two colleagues – Greg Smith and Vatsal Trivedi – in 2017. Both founders have a history of working in finance and foreign exchange at places like Barclays, Lloyds and Global Reach. Hawk FX has a focus on creating personalized experiences and better customer service than their banking competitors.

Hawk FX’s headquarters are in London.

In a nutshell

Pros
  • Personalized service. You’ll get a dedicated account manager assigned to you.
  • No fees. If your transfer is more than GBP£5,000, you won’t be charged any fees on top of this.
  • Competitive exchange rates. While Hawk FX does charge a margin on top of the exchange rate, it’s often still better than going with a bank.
Cons
  • UK-based customer service. If you’re outside of the UK’s time zone, there’ll be a delay on any questions you have. Hawk FX will usually only get back to you during the UK’s office hours.
  • Only supports bank transfers. You can only pay by bank account and you’re only able to send to a bank account.

How does Hawk FX compare to other providers?

Our table below shows you the fees and exchange rates you can expect from other money transfer specialists. Compare Hawk FX to the other providers below to see if it’s the best option for you.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.78 USD
3,899
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
CAD 10 Within an hour CAD 1.99 0.775 USD
3,874
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
CAD 0 Within an hour CAD 3.99 0.781 USD
3,900
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 0.784 USD
3,883
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. 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.

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