Send Money to UK Cheaply

Check your options carefully when sending money from Canada to the UK.

There are hundreds of thousands of British expats living in Canada, which has created a huge demand for affordable money transfer options between the two countries. Many Canadians and expats want to send money over to the UK for a variety of reasons including sending emergency funds to family and friends, moving pensions between the two countries, and paying bills or business expenses.

With constantly fluctuating exchange rates, it’s important to monitor the Great Britain Pound in comparison to the Canadian Dollar, especially if you are looking to move large sums of money like savings or pensions.

Compare money transfer options to the UK below.

Use the table below to compare transfer options to the UK. Sort through products using the headings at the top of the table. If you would like to find out more about a product, click “More”. To register an account with a company, click “Go to Site”.

Rates last updated February 20th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
TorFX International Money Transfers
USD 150
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.

Send money overseas in 45 currencies.
Exclusive: World First International Money Transfers
USD 1,000
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TransferWise International Money Transfers
$5
1 - 2 days
Online
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
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.
FC Exchange International Money Transfers
FC Exchange International Money Transfers
GBP 1,000
1 day
Online, Phone, Bank Account to Bank Account
FC Exchange can save you money with its Best Exchange Rate Guarantee. Conditions apply.

No transfer fee when transferring more than £10,000 or equivalent. Send money in 43 currencies.
Compass Global Markets International Money Transfers
$1,000
1 day
Online, Phone
Send money overseas in at least 140 currencies.
HiFX International Money Transfers
$50
2 days
Online, Phone, Agent
Make your first transfer for free

Send money in more than 40 currencies.
Currency Solutions International Money Transfers
GBP 3,000
2 days
Online, Phone, Bank Account to Bank Account
Send money in 39 currencies.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
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  • Regular overseas payments
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Case study: Banks vs money transfer companies

Karen has just landed a two year teaching position in Canada but would like to return to the UK after the contract has finished. Since she’ll be going home to the UK, she would like to be able to pay the mortgage on her apartment there while she’s gone. In order to do this, she knows she’ll need to send money back to the UK each month to make her payments. She decides to find out if it would be easier and cheaper to do this with a bank or a specialist money transfer company.

Canadian bankMoney transfer service
Exchange rate$1 CAD = 0.56 GBP$1 CAD = 0.59 GBP
Transfer feeCAD25CAD9
Amount of GBP received for every $1,000 Canadian dollars sentGBP560GBP590
OptionsThis is a bank account to bank account transfer.This is a bank account to bank account transfer. Karen can pay higher fees for it to be a cash transfer, but this won’t be necessary for her.
Time for transfer to complete2-5 business days.Less than 24 hours.

What’s the difference? Karen will save GBP30 with the exchange rate every time she transfers CAD1,000 with the money transfer provider. The fees are also CAD16 cheaper and the transfer time is much faster with the specialist money transfer service. She decides to regularly make payments each month with the dedicated money transfer service.

How to compare transfer companies when transferring money to the UK

Consider the following factors when transferring money from Canada to the UK:

  • Exchange rate. It’s essential that you check the exchange rate and how it’s applied to the amount of money you send. Small fractions of a difference will add up as you send more money over time. Some providers will hide big fees with a competitive exchange rate, so be aware of this.
  • Fees. Fees will vary across different providers and should be considered to get an idea of how much your transaction will cost. Some companies will waive fees if you send a lot of money at once, however this is usually starting with amounts of $10,000 or over.
  • Turnaround time. If you’re making regular payments, it may not be necessary for you to send funds quickly, however if you’re sending an urgent payment, you’ll want to make sure the turnaround time for the transaction is less than 24 hours.
  • Pick up options. This is a personal preference based on your circumstances, but there are some companies who offer bank deposits and cash pickups if you require it. Choose a service that suits both you and your recipient.
  • Customer service. Transferring money overseas does carry some risk. You will want to ensure that the company you choose provides excellent customer service. Some companies may only be available during weekdays while others will have 24/7 web chat, phone and email service.

How to send money to the UK from Canada

As one of the most popular money transfer routes, there are many options available to you when sending money between the UK and Canada. After comparing important factors like exchange rates, fees, transfer time and other options offered, you’ll be able to find the service that is right for you. Consider these types of services when sending money from Canada to the UK:

  • Money transfer services. These are non-bank money transfer services which can operate in a range of different ways, including online and in branch locations. Some of these offer cash pickup services, like Western Union and MoneyGram, while others will only offer bank account to bank account transfers. Due to the large volume of international money transfers these companies carry out, they can offer competitive exchange rates, low fees and fast services.
  • Banks. Many Canadian banks will allow you to carry out transfers internationally, especially between the UK and Canada. Most banks will offer regular transfers and others may offer products which enable you to send money overseas, such as the HSBC Multi-Currency Account.

Emergency cash transfers in the UK

If you’re travelling in the UK and find yourself in need of emergency funds, it’s possible to get some cash quickly using a few different methods. If your wallet or purse has been stolen, you should first report it to the local police and obtain a police report. Afterwards, look into the following ways to get fast cash:

  • Your Australian bank account. Many Canadian banks have emergency services to get you cash and a replacement card if you happen to lose or have your wallet stolen. They can send money to a local UK bank where you can pick it up.
  • Money transfer company. Even though you’re in a foreign country, you’re still able to pick up a cash transfer provided that you have a valid photo ID with you. Have a friend or relative send the money from Canada. Make sure you know details of the transaction including their name, the amount sent and the reference number.
  • Travel insurance. Many travel insurance policies offer a cash solution if your wallet or purse is stolen while travelling. Keep the police report to submit to your insurance company. Never travel without travel insurance.

Cash pickup locations in the UK

Here s a list of locations for Western Union and MoneyGram agents which can be found in the UK. Before heading to the location, give them a call to double check their store hours and make sure they have enough cash on hand to give you all of your funds. You will need to bring photo ID with you and the details of the cash transfer, including the reference number, amount and name of the sender.

Western Union

London

  • Newspoint
    Unit Su0062a 74 The Arcade
    Stratford City
    London, E20 1 EH
    Phone: +44-0800833833Open Monday through Saturday 10 am to 9 pm Sunday 10 am to 6 pm
  • Internet City LTD
    11 Charing Cross Road
    London, WC2H OEP
    Phone: +02-079-308390
    Open 7 days a week from 8 am to 10 pm

Cambridge

  • Eurochange Cambridge
    44a Lion Yard Shopping Centre
    Cambridge, Cambridgeshire CB2 3NA
    Phone: +44-2078-284953
    Open Monday, Tuesday, Thursday and Friday 9 am to 5:30 pm Wednesday 9 am to 8 pm Saturday 9 am to 6 pm and Sunday 11 am to 5 pm
  • Thomson
    28 Fitzroy Street
    Cambridge, CB1 1EW
    Phone: +44-800-833833
    Open Monday through Saturday 9 am to 5:30 pm Sunday 11 am to 5 pm

MoneyGram

London

  • Post Office Trafalgar Square
    28 Trafalgar Square Post Office
    24-28 William IV Street
    London, WC2N 4DL
    Open 8:30 am to 6:30 P.M: Monday through Friday Saturday 9 am to 5:30 pm Sunday closed
  • MoneyCorp
    #Unit 003 Picadilly Circus18 Piccadilly
    London, W1J 0DF
    Open 8 am to 11 pm Monday through Saturday Sunday 9 am to 11:30 pm

Cambridge

  • Thomas Cook Cambridge
    8 St. Andrews Street
    Cambridge, CB2 3 AX
    Open Monday through Saturday 9 am to 5:30 pm Sunday 10:30 am to 4:30 pm
  • Kings News
    11 King Street
    Cambridge, CB1 1LH
    Open Monday through Saturday 6 am to 9 pm Sunday 7 am to 8 pm

Tips for picking up cash in the UK

The Canadian Government recommend to exercise normal safety precautions when visiting the UK. However when withdrawing cash, you should always take extra security precautions no matter where in the world you are. Have a trusted friend accompany you to the agency and secure the cash afterwards in your hotel safe. Try not to use public transportation when you have a lot of cash in your possession.

How to send money to the UK

You have a variety of ways in which you can send money from Canada to the UK. If using a cash transfer service is the best choice for you, make sure that you are able to provide the following criteria:

  • Recipient’s name. For cash pickups, it is important that the full name that appears on the recipient’s ID is an exact match to the name you give the agency.
  • Transfer amount. The person who is picking up the money will be asked how much has been sent as a security measure.
  • Tracking number. Your recipient will also have to provide a tracking number.
  • Your details. For further security, your recipient may be asked for your name and contact information.

After passing on the tracking number to your recipient, make sure that you save any paperwork. You likely will need your receipt in case of any problems with the transfer.

There are many things to consider when trying to find the right company or bank to send your money from Canada to the UK. Look at all of the features offered carefully to make sure that not only are your needs being met, but that you are getting the most value for your Canadian dollar.

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