CurrencyFair
Halo Financial is a UK-based international money transfer provider. The company offers a range of transfer options, including regular payments and forward contracts. In addition to its low fee structure, Halo Financial has no maximum limits for transfers. So you can send money as often as you like in any amount that you want.
Halo Financial currently sends same-day transfers in four currencies: the British pound, US dollars, euros and Canadian dollars. If you’re looking to send a same-day transfer in a different currency, you may have to choose a different provider.
Be sure to check that your currency is available because Halo Financial doesn’t offer transfers in every currency.
You’ll pay 15 EUR for transfers of up to 5,000 EUR and no fees for larger transfers.
With lower overhead costs than a traditional bank and forex as its core business, Halo Financial is able to offer competitive exchange rates. You can find real-time exchange rates for select currencies on its website.
Also on its website is a currency converter calculator that shows you exchange rates for their other available currencies. Halo Financial’s exchange rates are typically near the mid-market rates. The closer your money transfer exchange rate is to the mid-market rate, the better deal you’re getting.
Halo Financial offers a variety of transfer types:
Both you and your recipient will need a bank account to send or receive a transfer through Halo Financial.
There are no maximum limits for sending money through Halo Financial. Some services are subject to minimum transfer amounts — such as the Regular Transfer Service, which has a minimum requirement of 250 EUR (or currency equivalent).
Anne wants to send $1,000 to her partner in Canada. She’s heard that her bank in the US charges high fees for international money transfers and doesn’t offer competitive exchange rates. So she compares her bank to Halo Financial, an online money transfer provider.
| Halo Financial | Major US Bank | |
|---|---|---|
| Exchange rate | 1 USD = 1.33 CAD | 1 USD = 1.28 CAD |
| Transfer fee | 17 USD | 35 USD |
| Transfer speed | 0–1 business days | 2–3 business days |
| Transfer options | Online, by phone | Online |
| Total CAD received | 1,314 CAD | 1,245 CAD |
In this example, Anne discovers that she’ll save 18 USD in transfer fees by using Halo Financial. On top of that, her partner will also receive an extra 69 CAD because Halo Financial offers such a competitive exchange rate.
To get started with Halo Financial, register for an account online. After you’re logged in, you can review the website to get an idea of the different transfers that are offered as well as the current exchange rates.
Halo Financial offers a simple five-step process for sending money.
If you decide to make an international money transfer with Halo Financial, both you and the recipient will receive a confirmation email once the transaction is complete. Transfers are usually completed by the next business, while a few can even be completed the same day.
The next time you need to send money overseas, consider the many options Halo Financial offers. It’s also a good idea to compare Halo Financial’s services to other international money transfer providers to make sure you’re getting the best deal.