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Global Reach review

Get fast, affordable money transfers — but not if you live in the US.

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UK-based Global Reach (formerly FC Exchange) specializes in offering fast, secure and affordable online transfers to personal and business customers.

Must read: Global Reach is not available for US senders

You won’t be able to send money with Global Reach from the US. That doesn’t rule out any possibility of it expanding here though.

In the meantime, compare providers that are available in the US.

Quick verdict

Good for
  • Competitive rates
  • Fee-free transfers over £10,000
  • A wide range of countries and currencies
Not so great for
  • Transfers under £3,000
  • Sending money from the US

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How are Global Reach’s exchange rates?

Global Reach aims to offer exchange rates that are much closer to the mid-market rate than what the major banks offer. It offers a best exchange rate guarantee, minimal transfer fees and has handled more than £4 billion worth of international money transfers.

As a global currency specialist, Global Reach purchases foreign currency at wholesale rates. And because it trades such large volumes of currency, it can offer you exchange rates that are clearly superior to those provided by banks.

Price match guarantee

If you’re quoted a better exchange rate from another foreign exchange company, Global Reach will match that rate with its best exchange rate guarantee.

There are a few conditions to be aware of with this offer. Firstly, Global Reach is only operational during UK hours, and they’ll only match the price you’ve sourced from another provider if it’s provided to them within 4 hours of your having received it, or by their close of business. You need to have an active account with the other provider and you need to have written evidence of the quote, showing any additional fees or charges. That’s so Global Reach can calculate the effective exchange rate from the other provider, which is the rate offered plus any fees or transaction costs.

To compare the current exchange rates available from Global Reach, you’ll need to sign up for a free account. However, the Global Reach website also offers useful currency exchange tools to help you find the current interbank rate.

Visit Global Reach’s website to view the full terms and conditions of their pricing guarantee.

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

Global Reach offers a simple and transparent fee structure. If you transfer an amount less than £10,000 (or equivalent), a £10 fee applies. If you want to send £10,000 or more, you don’t have to pay any transaction fee. It’s also free to sign up for and maintain an online account, and other features such as forward contracts also don’t attract any extra commission.

Minimum transfer amount and available countries

As a general rule, Global Reach only offers transfers of more than £3,000, but it does have the facilities to handle smaller amounts. There is no maximum transfer amount.

When you need to send money overseas, Global Reach offers transfers in the following currencies:

  • 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
  • Indian Rupee
  • 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
  • Turkish Lira
  • Ugandan Shilling
  • US Dollar
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How long do transfers take to be completed?

Transfer times vary depending on the currency you are transferring and bank cut-off times, but same-day transactions are possible in many cases.

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

Global Reach offers a variety of options for transfers:

  • One-off payments. A one-off spot transfer allows you to lock in a competitive exchange rate and send a fast transfer.
  • Forward contracts. This option allows you to fix your exchange rate for up to two years.
  • Limit orders. This allows you to set up an automatic transfer for when your target exchange rate becomes available on the market.
  • Market orders. This allows you minimize risk by targeting favorable exchange rates.
  • Regular payments. If you need to make regular transfers overseas, regular payments can help you save time on your transfers.

The registration and transfer process

Please note: As Global Reach is only online during UK hours, there may be some delay in response if you sign up.

To begin using Global Reach services, you must first open an account. To open an account, you will need to provide your name, contact information and transfer requirements.

Once you provide your basic details, you can provide transfer details such as such as the amount you’re sending, the currency you’re transferring and where the money will be going. You will also have the option of placing a one-off transfer or using a forward contract or limit order to get the exchange rate you want.

You will then 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, submit your transfer.

Is customer support available?

Yes. 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. It also has offices in the UK, South Africa and Cyprus, with phone and email support available.

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What are the pros and cons of using Global Reach?


  • A wide range of available currencies. With support for 50 currencies, Global Reach offers transfers to a huge range of destinations.
  • Flexible with many options. With forward contracts, limit orders and the option of setting up regular payments, Global Reach offers flexible options to help you save time and money.
  • Price match guarantee. Global Reach guarantees to beat the rate of another exchange company.
  • Regulated. It’s authorized by the Financial Conduct Authority (FCA) in the UK.


  • Not available for US residents. US residents can’t send money through Global reach.
  • Not a good option for small transfers. There’s a minimum transfer amount of £3,000

What other products and services does Global Reach offer?

Global Reach also offers business solutions, which includes currency exchange, money transfers and online seller solutions.

Bottom line

Global Reach’s price matching makes it a competitive service for customers in supported countries. But if you’re a US resident, you’ll need to compare other transfer services to find one that’s the right fit.

Frequently asked questions

Image source: Supplied, Photographer: Global Reach Group

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