Review: GlobalWebPay money transfers

Fixed fees for international payments coupled with excellent exchange rates.

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GlobalWebPay is an online money transfer specialist offering services only in the UK. It supports international transfers 24/7, charging a fixed fee of about £4.75 per transfer. Because your money never leaves the banking systems of the most established banks in the region, your funds are safe with GlobalWebPay.

New users are limited to transfers of £500, which could be an issue if you’re looking to make bigger payments.

Product nameGlobalWebPay
Maximum transfers£500 for new users; £10,000 monthly or £2,500 daily for “global users”
Minimum transfers£15
Transfer methodsBank deposits
Scheduled paymentsNo
Delivery speedFrom 2 hours to 3 days
Banking partnerEnvoy Services Ltd
Available currenciesAll major currencies exchanged to recipient’s local currency
Transfer feeFlat £4.75
Exchange rateCalculates rate before payment, with quote good for 3 days

How are GlobalWebPay’s exchange rates?

GlobalWebPay offers better exchange rates than banks for international transfers, and you’ll learn your exact rate before paying for your transfer.

GlobalWebPay first converts your money into your recipient’s local currency to avoid fees. Use its online cost calculator to find out how much you’re required to send.

How much will I pay to send with GlobalWebPay?

This one’s easy: You’ll pay a flat £4.75 on all transfers, with no commission and no hidden fees.

Which countries can I send money to with GlobalWebPay?

GlobalWebPay sends money to an astounding 205 countries, though you’ll want to first make sure that it supports transactions between your and your recipient’s specific currencies before initiating a transfer.

What type of transfer does GlobalWebPay support?

GlobalWebPay supports online bank-to-bank transfers only, and You can fund your transfer in two ways:

  • Debit card. Enter your debit card information for immediate payment processing.
  • Bank transfer. GlobalWebPay provides the details of local banks and a reference number to make your transfer.

How do I send money through GlobalWebPay?

It’s quick and simple to send money with GlobalWebPay:

  1. Register your account. If you’re a first-time users, submit your full name, contact information, date of birth, phone number and email address. Create a password to log in to your account.
  2. Enter your recipient’s banking details. GlobalWebPay can store your recipient’s information for future transfers.
  3. Enter your transfer amount. Either specify how much you want to send in your own currency or the amount you want your recipient to get in their local currency.
  4. Pay for your transfer. Enter your debit card or bank account details.
  5. Track your transfer. Log in to your GlobalWebPay account to see the status of your transfer. You’ll also get email updates at each stage.

What to look out for

GlobalWebPay accepts transfers to and from most major currencies, but do make sure the currency you need is covered.

In most cases, funds are available the next business day, but bank holidays can result in turnaround of up to three days.

Benefits

Like many online money transfer specialists, GlobalWebPay offers fast, reliable transfers with benefits you won’t find at your local bank:

  • Low flat rate. Pay £4.95 for each transfer with no hidden fees.
  • Transparent rates. Learn exactly how much your recipient will get before initiating your transfer.
  • Secure system. GlobalWebPay works with established banks and is registered with the UK’s Financial Conduct Authority.

Drawbacks

If you live in the UK, GlobalWebPay is a solid service that processes same-day transfers as long as they’re initiated before noon GMT. That said, there’s only a few drawbacks:

  • No cash pickup. If your recipient doesn’t have a bank account, you’ll need to find another service that offers cash pickups.
  • ID required for large transfers. While smaller transfers don’t require ID, you’ll need to submit proof of government-issued ID to confirm your identity for transfers of £500 or more.

Next steps

  • Easily subsequent transfers. GlobalWebPay stores the details of your recipient for future transfers.
  • Track your transfer. Log in to your account to see the progress of your funds.

Bottom line

GlobalWebPay is a fast, secure and cheap way to send money to friends and family overseas.

Frequently asked questions

Compare GlobalWebPay to other brands

Table: sorted by promoted deals first
Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 20 of 20
Name Product Filter values Fastest transfer speed Fees (pay by bank transfer) Learn more
TorFX
Within minutes
£0

View details
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Key Currency
24 hours
£0

View details
Make same-day transfers in all major currencies across Europe.
Wise (TransferWise)
Within minutes
From 0.41%

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Equals Money Account
Equals Money Account
3 hours
£0

View details
Equals Money sends money overseas in 140+ currencies.
OFX
24 hours
£0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyTransfer
24 hours
£0

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Currencies Direct
24 hours
£0

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
PassTo
Within minutes
From £1.40

View details
No fees on your first transfer. Refer 3 friends to PassTo and earn £50 once they each make a transfer of at least £200. They'll earn £5 too. T&Cs apply.
PassTo specialises in remittances to bank accounts and cash pickup locations in 45+ countries.
Atlantic Money
Within minutes
£3

View details
Remitly
Within minutes
From £0
SPECIAL OFFER ✓ Get £10 off with code FINDER

View details
Remitly has quick, affordable transfers around the world, with both express and economy options.
CurrencyFair
Within minutes
€3

View details
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Revolut
Within an hour
From £0
SPECIAL OFFER ✓ Sign up and get a free £10 top-up plus 1 month of Revolut Premium

View details
Sign up with Finder to get 3 months of Revolut Premium for free. T&Cs apply.
Revolut is a digital bank that sends money fast to 30+ currencies, often with no fee added to the exchange rate.
WorldRemit
Within minutes
From £1.99
SPECIAL OFFER ✓ Use promo code 4FREEFINDER to send your first 4 transfers with no fee. Conditions apply.

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
OFX
24 hours
£0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
TorFX Business
Within minutes
£0

View details
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Currencies Direct Business
24 hours
£0
SPECIAL OFFER ✓ https://www.currenciesdirect.com/en/info/refer-a-friend

View details
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.
OFX Business
24 hours
£0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyFair Business
Within minutes
€3

View details
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
WorldFirst Business
24 hours
£0

View details
WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
Lloyds Bank International Transfers
24 hours
Varies

View details
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