How do I transfer large amounts of money internationally?

There are several ways that you can transfer large amounts of money internationally. The cheapest and fastest option is most likely an international money transfer provider . Specialist money transfer companies tend to offer the most competitive exchange rates and charge lower fees than your local bank. Use our table to compare providers' transfer speeds and fees.

What is the maximum amount of money I can transfer overseas?

There is no maximum limit on how much you can transfer overseas. However, you will need to make sure that you file the appropriate tax forms. Additionally, if you are sending £1 million or more overseas, check that your transfer provider can securely handle transfers of that size before getting started.

How can I instantly transfer large amounts of money?

One of the fastest ways to transfer money internationally is to use a cash pickup service. They allow your recipient to have almost instant access to the money you have sent, without the need for a bank account.

What is the safest way to transfer large amounts of money?

One of the safest ways to send large amounts of money abroad is to use a reputable, regulated money transfer provider or your bank. You will most likely find that specialist money transfer services are less expensive, and have robust security measures that will protect both parties involved.

How much money can you transfer at once?

There is no limit to how much money you can transfer, but in most cases banks and money transfer services will have their own upper limits.

Can I bring large sums of cash to another country?

The rules around bringing large sums of cash to another country will depend on which country you are visiting. It is worth checking your destination's custom guidelines before making your trip.

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Kevin Joey Chen

Writer

Kevin Chen is a personal finance expert and a former writer at Finder. His expertise has been featured in CNN, U.S. News and World Report, Lifehacker and CreditCards.com, among other top media.