Send money to the UK

Safe, secure and cost-effective transfer options when you need to send money to the UK.

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International money transfers are quick ways to send money overseas, but with all the options available to you, it might be difficult to find a place to start. From banks to transfer services, comparing all the details can become a confusing task. We’re here to help you get the best deal on your next transfer by explaining the rates, fees and speeds of competing money transfer specialists.

XE Money Transfers Offer

Send money to the UK with XE

Enjoy fast, secure and fee-free international money transfers with global payments provider XE.

  • Send money in 40+ currencies
  • No transfer fees
  • See exchange rates in real-time
  • Secure and regulated by the FMA

    Compare money transfer services to the UK

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    NZD 250 1 day NZD 0.00 0.482 GBP
    4,816
    SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
    Fee-free transfers in 30+ currencies to over 200 countries.
    Go to site Show details
    NZD 0 1 day NZD 0.00 0.481 GBP
    4,811
    Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
    NZD 1 Within an hour NZD 3.99 0.481 GBP
    4,807
    Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
    An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
    Go to site Show details
    NZD 2,000 2 days NZD 0.00 0.482 GBP
    4,816
    Exclusive offer: $0 transfer fee and discounted exchange rates for all Finder customers.
    A higher exchange rate applies to non-finder customers. Send money in more than 60 currencies.
    Go to site Show details
    NZD 1 1 - 2 days NZD 70.00 0.484 GBP
    4,802
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    NZD 250 1 day NZD 0.00 0.482 GBP
    4,816
    TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply. Go to site Show details
    AUD 250 1 - 2 days NZD 15.00 0.482 GBP
    4,809
    A higher exchange rate applies to non-finder customers. Send money in 45 currencies. No fee if you transfer over AUD$10,000. Go to site Show details
    NZD 10,000 1 - 2 days NZD 0.00 0.48 GBP
    4,797
    Go to site Show details
    NZD 5 1 - 2 days EUR 3.00 0.48 GBP
    4,798
    Special offer: Zero fees on your first 10 transfers.
    Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
    Go to site Show details

    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

    How do international money transfers work?

    International money transfers allow you to send money overseas through a bank or money transfer service. Because the pound is a widely-traded currency, you’ll be able to find plenty of companies that can exchange dollars to pounds, so you’ll need to be sure you compare your rates and the potential fees before choosing which service to use. Once you complete the transaction, your recipient will receive the money in their bank account or in person at a specified pick-up location.

    Banks versus money transfer companies

    Your first thought may be to ask your bank to transfer money to an overseas account, and while many offer this service, it is often much more expensive and yields a worse exchange rate than an international money transfer company. You’ll be able to get a better rate and pay less fees with one of these companies than with your bank, so explore your options in the table above.

    Craig needs to send money to the UK

    Craig’s son Kevin is on his OE (overseas experience) in the UK, and with money starting to get tight, Kevin calls 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 NZD = 0.54 GBP1 NZD = 0.52 GBP
    Transfer fee$5$4
    Transfer methodBank account depositBank account deposit
    Transfer speed
    1 business day1 business day
    Total GBP received
    535 GBP516 GBP

    Craig’s quick comparison shows him that the first transfer company will net him nearly 20 extra pounds. He completes the online application, and by the next day, Kevin has a little extra money in his account.

    Tips for sending money to the UK

    How to compare transfer companies when transferring money to the UK

    By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.

    • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pick-ups. Also ask how your recipient can receive your funds: bank account, cash pick-up, mobile wallet and more.
    • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pick-ups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
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    Foreign exchange rates explained

    Exchange rates are determined on a daily and hourly basis by the fluctuations in political and economic climate across the globe. A strong currency is one that trades better when exchanged with the currency of another country. In this case, the British pound (GBP) often trades stronger than the New Zealand dollar (NZD). This means that you will get fewer pounds per dollar spent. Over the past ten years (April 2010 to April 2020), NZD$1 has been worth anywhere between GBP£0.45 and GBP£0.55 – so it’s worth paying attention to fluctuations in the market.

    See today’s NZ dollar to GBP exchange rate

    Options for sending money to the UK from New Zealand

    • Bank transfers. Many New Zealand banks can safely wire your funds to countries around the world. Banks rely on existing links between banks and banking systems worldwide. However, a downside is the frustratingly high fees and weaker exchange rates you’ll receive by going through your bank.
    • Online money transfer services. These specialists offer more affordable transfers than banks do, allowing you to quickly and easily manage your transactions from home. With competitive exchange rates and lower fees, you can send funds from your bank account. Many also allow you to pay with a credit or debit card.
    • Providers with cash pick-up. Trusted providers like Western Union and MoneyGram offer the key advantage of giving your recipient fast access to the cash you send — sometimes within minutes. You can often pay online or at one of thousands of agent locations worldwide. However, services typically cost more than an online transfer specialist and vary by where you’re transferring your money and how you’re paying for it.
    • PayPal transfers. Not just for online purchases, PayPal offers transfers to more than 100 countries and supports multiple currencies. Its exchange rates are often better than those you’ll get from a bank but not quite as strong as rates from money transfer companies. PayPal calculates its transfer fee as a percentage of the amount you’re sending — meaning it’s often better for sending smaller amounts of money.
    • International money order. You can get this type of money order from your bank and send it overseas to your recipient, who then cashes it in with their own bank. While more secure than a personal cheque, it’s a slower option than using an electronic transfer. It also costs a little more — you’ll have to purchase the cheque, and your recipient may be charged a fee by their own bank when they cash it.
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    How to send money to the UK

    1. Choose a money transfer provider in the chart above.
    2. Click Go to Site and begin the registration process.
    3. Start a transfer transaction, giving your recipients information and how much you want to transfer.
    4. Pay for the transaction.
    5. Save the tracking number to make sure everything goes smoothly.

    Emergency transfers to the UK

    It’s possible to complete an emergency cash transfer that gives your recipient access to funds quickly, but this is usually the most expensive option. You will face higher fees and a worse exchange rate, so if your friend or family member can wait a day or two for a regular transfer to be completed, you’ll save money in the long run.

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    Tips for picking up cash in the UK

    Whether picking up funds in London or anywhere else around the UK, take a few simple safety precautions to prevent yourself from becoming a target for thieves.

    • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
    • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
    • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
    • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.

    Bottom line

    Overseas money transfers are easy, no matter which method you choose. But knowing how to compare your options gives you a leg up in terms of cost, rates and transfer speeds. An informed choice will always be a better choice.

    Common questions about transfers to the UK

    Cash pick-up locations in the United Kingdom

    Which 10 countries are sending the most money to the UK?

    The UK saw an estimated $4.37 billion in remittances in 2017, according to World Bank data. Let’s see which countries are sending the most money to the UK.

    RankCountryRemittances in 2017
    1Australia$1,084,074,219
    2United States$658,046,270
    3Canada$568,626,060
    4Spain$321,775,698
    5South Africa$256,397,184
    6Ireland$243,299,417
    7New Zealand$214,873,356
    8Germany$109,124,211
    9Thailand$72,013,670
    10Channel Islands$63,321,177

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