International money transfer

Use our comparison table to find the best rates to transfer money abroad.

If you want to send money abroad, an international money transfer provider is a great option. They’re fast, easy to use and often offer bank-beating exchange rates.

You can dive straight into our live comparison table below and find the provider that suits your needs. Otherwise, scroll down to find out more about international money transfers before making a decision.

Compare international money transfer services – Live rates

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
GBP 2,500 1 day GBP 0.00 1.127 Online, Phone EUR
11,268
TorFX guarantee to beat any competitor's exchange rate for a transaction
(conditions apply)
Go to site Show details
GBP 2,500 2 days GBP 0.00 1.121 Online, Phone EUR
11,209
Get a great deal for your international money exchange with no commission, no hidden costs and a guaranteed exchange rate. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.127 Online, Phone EUR
11,266
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.127 Online, Phone EUR
11,268
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.125 Online, Phone EUR
11,254
Send money abroad with the longest standing and largest full service specialist currency provider in the UK. Go to site Show details
GBP 50 2 days GBP 0.00 1.126 Online, Phone EUR
11,260
Register with HiFX today to enjoy zero fee transfers in 142 currencies and over 170 countries. Go to site Show details
GBP 1 1 day - - Online, Phone Looking to save on your next money transfer? Save big with Xendpay's unique pricing structure, where the fees are at your discretion. Go to site Show details

Compare up to 4 providers

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
GBP 2,500 2 days GBP 10.00 1.127 Online, Phone, Bank Account to Bank Account EUR
11,254
Make the most of your money with Foremost Currency Group - excellent personalised service and bank-beating rates. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.127 Online, Phone EUR
11,266
Make transferring money abroad as simple and safe as possible with bank-beating exchange rates - online, via the app or over the phone. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.127 Online, Phone EUR
11,268
TorFX guarantee to beat any competitor's exchange rate for a transaction
(conditions apply)
Go to site Show details
GBP 3,000 1 day GBP 0.00 1.127 Online, Phone EUR
11,268
Make an informed decision with a personal touch, whether it's a business or personal transfer, with rate alerts, charts and live rates to help you make your choice. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.128 Online, Phone EUR
11,277
With 17 years of foreign exchange expertise, OFX know the money transfers business very well, offering facilities for one-off and recurring transfers. Go to site Show details
GBP 1 Same day GBP 0.00 1.127 Online, Phone EUR
11,271
Make simple, fast, secure payments online or over the phone - simply choose the service that best meets your needs. Go to site Show details
GBP 1,000 2 days - - Online Get complete control over your international money transfer with the world's first P2P currency exchange Go to site Show details
GBP 1 1 day - - Online, Phone Looking to save on your next money transfer? Save big with Xendpay's unique pricing structure, where the fees are at your discretion. Go to site Show details
GBP 1 2 days - - Online Transfer money at the mid-market rate with no nasty surprises and excellent customer support. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.127 Online, Phone EUR
11,267
Frontierpay has a proven reputation for competitive rates and a refreshingly open and honest approach to transferring money worldwide. Go to site Show details
GBP 50 2 days GBP 0.00 1.126 Online, Phone EUR
11,260
Register with HiFX today to enjoy zero fee transfers in 142 currencies and over 170 countries. Go to site Show details
GBP 2,500 2 days GBP 0.00 1.125 Online, Phone EUR
11,254
Exclusive offer: £0 transfer fee for life
Go to site Show details
GBP 10 2 days - - Online, Phone, Agent, Cash Transfer Take control of your money transfers with Lebara - send money in 3 steps and lock in rates for 30 days. Zero fees for all new and existing transfers. Zero Fees plus £10 off your first transfer over £100. Go to site Show details
GBP 5,000 Same day GBP 0.00 1.124 Online, Phone EUR
11,243
London-based and operating for over 10 years, so you can feel confident in the knowledge that your money is in expert hands. Go to site Show details
GBP 5,000 1 day GBP 0.00 1.125 Online, Phone EUR
11,249
Take advantage of fee lock-ins and live bookeable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
GBP 1,500 2 days GBP 0.00 1.123 Online, Phone EUR
11,232
Send money overseas for a range of reasons, including regular payments and buying overseas property. 97% Trustpilot score. Go to site Show details
GBP 2,500 1 day GBP 0.00 1.125 Online, Phone EUR
11,254
Send money abroad with the longest standing and largest full service specialist currency provider in the UK. Go to site Show details
GBP 2,500 2 days GBP 0.00 1.121 Online, Phone EUR
11,209
Get a great deal for your international money exchange with no commission, no hidden costs and a guaranteed exchange rate. Go to site Show details
GBP 50 2 days - - Online Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront. Go to site Show details
GBP 50 GBP 0.00 1.127 Online EUR
11,269
Start your low cost money transfer with Travelex Wire, at an average of 3 times cheaper than leading money transfer providers. Travelex Wire is provided by Travelex Europe Limited, FCA regulated (FRN 900537) . Go to site Show details
GBP 1 Same day - - Online, Phone, Agent Send money online to friends and family around the world with Western Union, now with a new mobile app. Go to site Show details
GBP 1 Same day GBP 0.50 1.089 Online, Phone, Agent, Cash Transfer EUR
10,885
Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number. Go to site Show details
GBP 100 Same day GBP 4.00 1.103 Online, Phone, Agent, Cash Transfer EUR
11,023
Take advantage of the convenience, speed and ease of using HSBC for your international payments. Go to site Show details
GBP 100 2 days GBP 9.50 1.105 Online EUR
11,037
Send up to £75,000 online per day to almost anywhere in the world and take advantage of the Lloyds International Moneymover Service. Go to site Show details

Compare up to 4 providers

*‘Featured providers’ are selected based on a combination of brand popularity, service offering and compensation from our partners.

What is an international money transfer?

An international money transfer is an electronic transfer of money to family, friends or a company overseas. You send money from your bank account to an intermediary transfer service, or a bank, who then exchange and send the money through to the recipient’s bank account in another country.

What will it cost me?

There are two ways that a provider makes money on your transfer.

  1. One is the transaction fee, the fixed amount you’re charged for using the service.
  2. The second is through the exchange rate, which will vary from provider to provider.

Finding the lowest rates is often the best way to find the cheapest deal. Let us explain this in a bit more detail.

Fees

Providers might charge a set fee for using their service, say £20 per transfer.

Another common fee is charged as a percentage of the transfer, say 5% of the amount you’re looking to send.

However, low fees are not a guaranteed way to get the best savings. It’s crucial to also check the exchange rate they’re offering and whether it’s competitive.

Here are a few guides you might find handy:

Exchange Rate

Transfer services try to tempt customers by advertising low rates. Often they’ll just advertise the ‘mid-market’ rate.

This is the rate that banks use to trade with each other, and is almost never available for day-to-day customers.

Nevertheless, it’s important to keep the mid-market rate in mind, and get as close to it as possible.

Finding a provider with low fees AND a competitive exchange rate can save you hundreds on your transaction.

How safe is my money?

Here’s the bottom line: unlike a savings account or a current account, there’s no compensation you’re entitled to if your provider goes bankrupt.

If you use an online transfer company and it goes bust, there are no guarantees that you can claim the money back. This might sound scary, but regulation on these companies is extremely rigorous. The chances of them going bankrupt is very, very low.

Here’s an important distinction to make:

  • If your provider is ‘authorised’ by the Financial Conduct Authority (FCA), your money is ringfenced. You should be able to get it back if the provider goes bust.
  • If your provider is only ‘registered’ , there are no guarantees.

You can check the status of companies easily enough by searching the name in the FCA register.

How can I save on my transfer? Watch our 60 second video to find out.

Business or personal transfer?

Consider the purpose of your transfer. Are you sending money to friends and family overseas, or are you a business looking to pay for goods and services, potentially regularly?

For business owners, time is hugely important. Without time to research our options, we often end up going with our bank. But a little planning can set you up for significant savings on your transfers.

If you send transfers of £1,000 every week, you could save around £17.50 each time. That’s a savings of £875 a year simply by choosing a competitive independent service over your bank!

Can I send money abroad instantly?

Most online money transfer services allow you to send and receive almost instantly. It’s transferring the money from the service into your bank account that might take a few days. Similarly, bank-to-bank transfers also take a few days to clear.

If you need to send a same-day or emergency transfer, most of the services allowing you to send and receive cash will allow your recipient to pick up their funds quickly, often within an hour.

How to safely make a same day money transfer to a friend or family member.

Larger payment networks allow for nearly instant transfers with cash pickup:

Ria

Ria

Western Union

Western Union

Moneygram

Moneygram

  • Want to save both money and a bit of time? Compare services to get the cheapest rates.

What currencies can I send abroad?

The currencies available for you to send overseas can vary substantially depending on the company you choose to manage your transaction. Some services may only offer transfers in a selection of up to a dozen major currencies, while others will allow you to send transfers in up to 50 or even more currencies.

Commonly traded currencies include:

Don’t see your country listed?

Tips for saving on your international transfer

There’s no one best way to transfer funds overseas. It depends on how much you’re sending, how soon you need it to be made available and the exchange rates at the time. But below are a few tips you can use when sending money overseas.

  • Know your transfer currency’s mid-market rate. This rate is the midpoint between worldwide supply and demand for that currency — and the rate banks and transfer services use when they trade among themselves. Use it as a baseline to compare against the rates you’re being offered. The company that’s closest is offering you the best rate.
  • Send more money per transfer. Many services discount the fees or waive them altogether when you send larger transfers. HiFX, for example, waives fees for all transfers above £3000. Sending less comes with a flat £9 fee.
  • Use forward contracts and limit orders if sending money regularly. A forward contract allows you to lock in a favourable exchange rate for future transfers. This means you avoid unpredictable movements in exchange rates. A limit order allows you to wait until a favourable exchange rate is found and then locks it in for your transfer.
  • Send same-currency transfers. It can sometimes be cheaper to transfer US dollars to your recipient, allowing them to transfer the dollars into their own currency when received. Depending on the situation, your recipient could pay lower fees overall.

How to avoid a money transfer scam

You’ve undoubtedly heard about somebody who’s fallen prey to a money transfer scam. Scammers are becoming more sophisticated, using increasingly elaborate plans in an effort to separate you from your money.

Common scams to look out for include:

  • Advance fee scams. Maybe you’re notified you’ve won a prize or the lottery, but you need to first pay a fee to receive it. Perhaps you’re “approved” for a loan but must wire a down payment. In both cases, you’re probably dealing with a scammer.
  • Bogus check scams. You may have gotten a reply to your online auction with a check that’s for more than your item — all you need to do is wire back the difference. The check is likely fake, leaving you on the hook for both the money you wire and a bounced check fee from your bank.
  • Wire payments only scams. If anybody online says you can pay only with a wire transfer, find another retailer to do your business with.
  • Phishing scams. Be wary of unsolicited emails or calls asking you to resend or confirm personal information or passwords. Instead, take down the name of the company and contact them directly with questions.

If you suspect you might be the victim of a scam, contact the FCA.

Should I send money in one lump sum, or through multiple transfers?

Expats around the world need to send money home for credit card bills, loan repayments or mortgages. The larger the transfer you make, the better your rate will be as the transfer companies take less of a cut. If you can afford to do it in one lump sum, and you are transferring over £5,000, send as much at once as possible and you’ll get the best deal.

  • You have more time to shop around with a one large transfer because you can wait for the exchange rates to peak. Buy low, sell high!!!
  • With a large transfer you will get a dedicated customer service assistant who will guide you through the differences between a spot and fixed rate

Sending money in small, regular chunks is a more manageable solution for some people. While providers tend to give you a better rate for big transfers, there are some providers that offer great value for smaller ones.

This is ideal for those who can’t get a large lump sum together quickly. If you’re looking to pay into an overseas pension, make mortgage repayments, or anything that requires steady smaller payments, this option is worth considering. Setting up a regular payment works just like a direct debit, but you need to shop around and find a provider who gives a good rate.

Countries you might find it hard to send money to overseas

The UK has financial sanctions with a number of different countries for many reasons which will make it difficult to transfer money to. Different providers have a different set of countries that they allow you to transfer to because of licenses and EU sanctions. Here are a list of some:

  • Afghanistan – In 1999 the UN required all member states to freeze assets and not allow transfers for Al-Qaida, Usama bin Laden and the Taliban. In 2011 the sanctions were split into the Al-Qaida regime and a country specific regime.
  • Belarus – In 2006 the Lukashenko regime had serious sanctions placed on it. In 2015 after peaceful presidential elections a lot of the restrictions were removed apart from a few key individuals.
  • Burundi – In October 2015 the EU imposed asset freezes on persons undermining democracy.
  • Central African Republic – 28th January 2014 a travel and asset freeze was imposed with individuals who undermine peace and stability.
  • Democratic Republic of Congo
  • Egypt – in 2011 the EU imposed restrictions on the Egypt government and individuals who has misappropriated funds.
  • Eritrea – 23rd December 2009 the UN imposed asset freezes, travel restrictions and arms embargo as it had supported Somalian arms groups that were undermining peace.
  • Republic of Guinea – In 2009 restrictive measures were imposed on the National Council for Democracy and Development (NCDD).
  • Republic of Guinea-Bissau – In 2012 asset freezes were imposed on people leading the roles in the mutiny of 1st of April 2010 and coup d’etat of 12th of April 2012.
  • Iran – After Human rights and nuclear proliferation sanctions have been imposed.
  • Iraq – In 1990 the UN imposed sanctions, in 2003 all trade sanctions were lifted excpet for arms and asset freezes in relation to the Iraq government funds and funds belonging to Saddam Hussein.
  • Lebanon and Syria – In 2005 the UN imposed asset freezes and travel restrictions for terrorist activities with regards to Prime minister Rafiq Hariri.
  • Libya – In 2011 and 2016 sanctions were placed in relation to humans rights, abuses against persons and acting in relation to these matters.
  • Mali – 5th September 2017 sanctions were put on individuals with relation to threatening peace in the country.
  • North Korea – 2006 and 2016 restrictions on goods, asset freezes and travel bans.
  • Somalia – 2005 and 2008 asset freezes against persons engaging in acts that threaten peace.
  • South Sudan – In 2014 the EU imposed restrictive measures on persons obstructing the political process and serious human rights violations.
  • Sudan – In 2004 and 2005 financial and travel restrictions were imposed.
  • Syria – Asset freezes and financial restrictions have been imposed since 2011.
  • Tunisia – In 2011, the EU imposed measures against people and companies that had misappropriated Tunisian state funds.
  • Ukraine – After Human rights and Sovereignty and Territorial integrity issues, sanctions were imposed.
  • Venezula – Started on the 13th of November 2017, this was because of serious human rights violations and for actions that have undermined the democracy and the general ruling of law in the country.
  • Yemen – In 2014 the UN required the state to freeze all funds and economic resources of individuals of companies who have threatened peace and stability in Yemen.
  • Zimbabwe – In 2002, a freezing of government assets and individuals associated with them.

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Common questions about money transfers

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6 Responses

  1. Default Gravatar
    PeterFebruary 20, 2017

    Can you help me with tracing an international payment from HSBC?

    • Staff
      millieMarch 1, 2017Staff

      I’m afraid we are a comparison site and therefore I recommend that you contact HSBC or your bank with this query.

  2. Default Gravatar
    PeterFebruary 20, 2017

    Hello – I am waiting for a wire transfer from HSBC in Hong Kong and it has not arrived.

    • Staff
      millieMarch 1, 2017Staff

      I’m afraid we are a comparison site and therefore I recommend that you contact HSBC or your bank with this query.

  3. Default Gravatar
    SimonFebruary 2, 2017

    What should I do if the company does not offer me the same rate as the one displayed above?

    • Staff
      JonFebruary 2, 2017Staff

      We actively monitor the rates to ensure they are accurate for each of the providers, however if you are quoted a different rate once you have created an account please take the following steps;
      1) Exchange rates are updated in realtime so please double check the rate above again to see if the currency has moved.
      2) Ask the provider to match the rate quoted above, most of the time they will, quote finder.com as the source.
      3) Please do leave a comment here to let us know how you get on.

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