Send Money to the U.K. with a Great Rate

Information verified correct on January 23rd, 2017

UKSending money to the U.K. doesn’t have to break the bank. Learn how to send simple and affordable international money transfers from the United States to the U.K.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to the U.K. doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the best deal.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to the U.K. is easy. However, do your research and shop around for the best available deal.

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, the U.K. This can be done in person or oftentimes online. You can use cash or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account are made available as cash for them to pick up at a location in their country.

Rates last updated January 23rd, 2017

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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.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Payoneer International Money Transfers
Send Mass Payments To Your ... Send Mass Payments To Your Payees Worldwide
USD 20
OnlinePhone
Rates are always
changing, click to check
your price today
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WorldRemit International Money Transfers
An online money transfer service ... An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... Make online transfers in a range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... $0 online transfer fee that you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Exclusive offer: Special exchange rates ... Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
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TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

These companies, such as WorldRemit and OFX, offer better exchange rates than you will find from a bank and allow you to take care of the entire transaction online. They also charge lower transfer fees, with some companies waiving their fees completely when you transfer more than a set minimum amount. Using such a company can save you money and get your recipient more pounds in their wallet.

Case Study: Craig Sends Money to the U.K.

Craig’s son Kevin is living and working in the U.K., and with money starting to get tight, Kevin phones home to ask his dad for $1,000 in extra spending money. Rather than using his bank to complete the transfer, Craig decides to weigh the fees and features of two money transfer companies.

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 0.64 GBP1 USD = 0.62 GBP
Transfer fee$5$4
Transfer methodBank account depositBank account deposit
Processing time1 business day1 business day
Amount received (in British Pounds)640 GBP620 GBP

As you can see, taking the time to do a quick comparison between different providers can make a noticeable difference in the amount of funds your recipient will receive.

Banks versus money transfer companies

If you need to conduct an international money transfer, your first thought may be your bank. However, their fees are often higher compared to international money transfers companies. These money transfer companies specialize in international transactions and can offer much better exchange rates than most major banks.

How to compare transfer companies when transferring money to the U.K.

  • Exchange rates. Exchange rates can vary noticeably between money transfer providers, so see how rates compare among different companies. Remember that the company that offers the highest exchange rate might charge a higher fee to offset the costs.
  • Fees. In most cases you’ll be charged a transfer fee for each transaction, but some companies will waive the fee if you transfer more than a certain threshold.
  • Transfer methods. Check to see whether transfers can be placed online, over the phone and/or by visiting a branch.
  • Transfer options. If you need flexible transfer options, such as the ability to place a special order or schedule repeat payments, check closely to see what features each provider offers.
  • Turnaround time. While some companies make funds available for collection within minutes, others will require you to allow several business days for transfers to be completed.
  • Minimum amount. Some companies impose a minimum transfer limit, which can be restrictive if you only want to transfer a small amount.
  • Pickup methods. Can your recipient collect the cash you send in person, or is it deposited directly into their bank account?
  • Customer service. Check to see whether phone, email and live chat support are offered in case you need assistance with a transfer.
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Options for sending money to the U.K. from America

  • Bank transfers. Your bank will allow you to send an international transfer from your U.S. account to a bank account in the U.K.
  • Online money transfer providers. Funds can be quickly and conveniently sent online through a money transfer provider.
  • Money transfer companies with cash pickup options. Companies like MoneyGram, Moneycorp, Ria and Western Union allow the funds you send to be picked up from agent locations all over the U.K.
  • PayPal. PayPal offers an easy and affordable online solution when you need to send money from the U.S. to the U.K.
  • Checks. This money transfer method might take a little longer than other options but it is still effective.
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Emergency cash transfers in the U.K.

In some situations you will need to send an emergency cash transfer to someone in the U.K. — perhaps you’re buying a collectible item from a U.K. seller or maybe your relatives in the U.K. have fallen on hard times and need urgent cash. Whatever the reason you need to send funds quickly, remember that you might have to settle for a higher fee and a lower exchange rate if you want to get your money there as quickly as possible. With this in mind, make sure to closely check the exchange rate and fees that apply to your transaction before sending your funds.

Back to topFind a money transfer location near youBack to top

Tips for picking up cash in the U.K.

Although the U.K. is generally a safe place to visit, you should always remember to exercise caution when you pick up cash from an agent location. Your personal safety is paramount, so it makes sense to avoid any high-crime areas and make sure not to flash your funds around in public. You should also make sure to deposit the cash into your bank account as soon as possible.

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How to send money to the UK

Although the exact process for sending an international money transfer will vary depending on the provider and transfer method you choose, in most cases you’ll have to register for an account with the provider before you can transfer any funds. This usually means you’ll need to provide:

  • Your name
  • Your address and contact details
  • Proof of ID
  • Your payment information
  • If you are not using cash for this transaction, you will need to provide your banking info in order to have funds drafted from your account.

Once you have completed a transfer, you will be given a receipt or tracking number. This can be used to monitor the progress and eventual completion of your transfer. Sending money to the U.K. is simple and affordable when you choose the right transfer method, so make sure to compare a range of options before you make your final decision.

Frequently Asked Questions

Can I cancel my transaction and get a refund?

Certain money transfer companies (such as TransferWise and OFX) will cancel a transaction, granted the transfer has not yet been completed.

What is a forward contract?

A forward contract allows you to lock in an ideal exchange rate now and transfer the money later.

What is a limit order?

A limit order allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

OFX International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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