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Barclays wire transfers review
Get fast, secure wire transfers — but only if you have a Barclays bank account.
Barclays offers fast and simple international payments to over 200 countries. Their online service is available 24/7 and allows you to send up to £50,000. But if you don’t bank with Barclays, you’ll need to use another provider.
Must read: Money transfers for US residents
Barclays is a UK bank, and you’ll need to have a Barclays bank account to use their transfer service.
If you don’t have a Barclays bank account, compare money transfer providers that are available in the US.
Compare Barclays to other providers
How much will I pay to send money with Barclays?
The fee that will apply to your Barclays wire transfer depends on the transfer method you select and where you’re sending the funds.
SEPA (Single Euro Payments Area) transfers incur a £5 cost if done online or a £15 cost if done in a branch. Payments to European countries in currencies other than euros can also be made and will cost £15 online or £25-£40 in a branch. For a full list of Barclays’ fees, see their site.
How are Barclays’ exchange rates?
Barclays offers live exchange rates that are updated from one minute to the next during trading hours.
To view the exchange rate for your transfer destination, log in to your bank account online and enter the details of your transfer. You’ll be able to review the details of your transaction, including the exchange rate that will apply, before you commit to the transfer.
What types of transfers does Barclays support?
- One-off transfers. This allows you to send money overseas quickly and conveniently.
- Future-dated payments. This option allows you to send funds at whatever exchange rate is available when the transfer is executed.
- Recurring payments. You can schedule regular payments.
Benefits and drawbacks
- Choice of transfer methods. You can place a transfer online through your internet banking account, over the phone or by visiting a branch.
- Secure and convenient. Sending an international wire transfer with Barclays gives you the security and peace of mind of dealing with a trusted global financial institution, plus existing customers will already have an account set up and will not have to go through a registration process to access the service.
- Some charges apply. Transaction fees apply to all transfers and tend to be more expensive than specialist providers.
- Requires an account. You’ll need to bank with Barclays if you want to use their transfer services.
How do I send money with Barclays?
To send an online transfer, log in to your account online. You can then navigate to the Pay section and select Send a payment abroad.
Next, enter the details of your payment, including:
- Your recipient’s full name and address
- The Bank Identifier Code (BIC) of your recipient’s bank
- Your recipient’s International Bank Account Number (IBAN) or account number
- The country where the bank is located
- The amount you wish to send and the reason you’re making the payment
The final step is to review and confirm the details of your transfer.
If you ever need help regarding Barclays international money transfers, a selection of frequently asked questions and answers can be accessed through the bank’s website. Phone support and online chat support is available 24/7.
What other products and services does Barclays offer?
As a global financial institution, Barclays offers an extensive range of banking products and services to its customers. In terms of international banking, it offers:
- Overseas relocation services. You can open an international account before you move abroad.
- Travel money. Barclays allows you to order travel money online and take advantage of next-day delivery.
- Mortgages and loans. You can get loans from Barclays to help you when buying a home or need some extra cash.
Barclays account holders can use the bank to send transfers online or from a branch. If you don’t bank with Barclays, compare money transfer providers to find one that fits your needs.
Frequently asked questions
Image source: Supplied, Photographer: Barclays
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