International money transfers: Compare over 20 services

Sending funds abroad? Make sure sneaky transfer fees don’t munch into your money.

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WorldRemit International Money Transfers

WorldRemit International Money Transfers

Send money to 140+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

    Compare some of the best money transfer services

    Table: promoted deals sorted by a combination of service offering and the amount your recipient will receive

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    GBP 2,000 1 day GBP 0.00 1.164 EUR
    11,641
    TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
    (Conditions apply)
    Go to site Show details
    GBP 1,000 1 - 2 days GBP 0.00 1.164 EUR
    11,641
    Better exchange rates for Finder customers.
    Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
    Go to site Show details
    GBP 3,000 1 day GBP 20.00 1.164 EUR
    11,618
    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 1.164 EUR
    11,641
    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 2,500 1 day GBP 0.00 1.164 EUR
    11,641
    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
    USD 1 1 - 2 days GBP 0.00 1.164 EUR
    11,641
    Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
    GBP 50 Same day GBP 2.99 1.157 EUR
    11,568
    Use promo code 3FREE to send your first 3 transfers with no fee.
    Send money online anytime, anywhere, with a simple to use platform and transparent fees and exchange rates shown upfront.
    Go to site Show details

    Compare up to 4 providers

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    GBP 2,000 1 day GBP 0.00 1.164 EUR
    11,641
    TorFX guarantee to beat any competitor's exchange rate for a transaction (conditions apply)
    (Conditions apply)
    Go to site Show details
    GBP 1,000 1 - 2 days GBP 0.00 1.159 EUR
    11,594
    Fast, fee-free transfers and great exchange rates. Book transfers over the phone through a dedicated dealing team or by using Virgin Money’s 24/7 online platform. Show details
    GBP 2,000 1 day GBP 0.00 1.159 EUR
    11,593
    Outstanding exchange rates, same day currency payments and zero transaction fees. Book a transaction online or speak to one of Universal Partners FX's dedicated currency specialists. Setting up an account is quick, easy and simple. Show details
    GBP 2,500 2 days GBP 10.00 1.163 EUR
    11,618
    Make the most of your money with Foremost Currency Group - excellent personalised service and bank-beating rates. Show details
    GBP 2,500 1 day GBP 0.00 1.164 EUR
    11,641
    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 20.00 1.164 EUR
    11,618
    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 1.164 EUR
    11,641
    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 1.164 EUR
    11,635
    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 EUR 3.00 1.157 EUR
    11,571
    Get complete control over your international money transfer with the world's first P2P currency exchange. Go to site Show details
    GBP 2,500 1 day GBP 0.00 1.161 EUR
    11,606
    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 1,000 1 - 2 days GBP 0.00 1.164 EUR
    11,641
    Better exchange rates for Finder customers.
    Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
    Go to site Show details
    GBP 5,000 Same day GBP 0.00 1.161 EUR
    11,606
    London-based and operating for over 10 years, so you can feel confident in the knowledge that your money is in expert hands. Show details
    GBP 5,000 1 day GBP 0.00 1.163 EUR
    11,630
    Take advantage of fee lock-ins and live bookable rates, helping you save up to 85% in hidden bank fees. Go to site Show details
    GBP 1,500 2 days GBP 0.00 1.159 EUR
    11,594
    Send money overseas for a range of reasons, including regular payments and buying overseas property. 97% Trustpilot score. Show details
    GBP 2,500 1 day GBP 0.00 1.162 EUR
    11,618
    Send money abroad with the longest standing and largest full service specialist currency provider in the UK. Show details
    GBP 2,500 2 days GBP 0.00 1.157 EUR
    11,571
    Get a great deal for your international money exchange with no commission, no hidden costs and a guaranteed exchange rate. Show details
    GBP 50 Same day GBP 2.99 1.157 EUR
    11,568
    Use promo code 3FREE to send your first 3 transfers with no fee.
    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 1 - 2 days GBP 0.00 1.163 EUR
    11,633
    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). Show details
    GBP 1 Same day GBP 50.00 1.124 EUR
    11,181
    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. Show details
    GBP 100 Same day GBP 4.00 1.134 EUR
    11,333
    Show details
    GBP 100 2 days GBP 9.50 1.14 EUR
    11,393
    Send up to £75,000 online per day to almost anywhere in the world and take advantage of the Lloyds International Moneymover Service. Show details

    Compare up to 4 providers

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

    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, which then exchanges and sends 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, which is 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 usually 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. So that’s one cost.

    Another common way of charging fees is as a percentage of the transfer, for example 5% of the amount you’re looking to send.

    However, low fees are not the only way to get the best savings. It’s crucial to also check the exchange rate.

    Here are a few guides to international money transfer fees 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 to confuse you.

    The mid-market rate is the rate 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 (you can simply Google it), 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?

    Unlike a savings account or a current account, you’re not entitled to any compensation 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 are very, very low.

    Here’s an important distinction to make:

    • If your provider is “authorised” by the Financial Conduct Authority (FCA), your money is ring-fenced. 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? Here’s a 60-second video

    Is it a 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 money 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

      What currencies can I send abroad?

      The currencies available for you to send overseas can vary depending on the company you choose. Some services may only offer transfers in a few major currencies, while others will allow you to send transfers in up to 50 currencies or more.

      Commonly traded currencies include the following:

      Don’t see your country listed?

      Tips for saving on your international transfer

      There’s no “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 has 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.

      The following are some common scams to look out for:

      • Advance fee scams. Maybe you have been notified you’ve won a prize or the lottery, but you need to first pay a fee to receive it. Or perhaps you have been “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.

      Need help? Walk through a money transfer with the help of an expert

      Frequently asked questions about money transfers

      We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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      6 Responses

      1. Default Gravatar
        PeterFebruary 20, 2017

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

        • Avatarfinder Customer Care
          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.

        • Avatarfinder Customer Care
          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?

        • Avatarfinder Customer Care
          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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