Barclays international money transfers and overseas payments

Barclays offer a convenient service to send money abroad, but is it the best option out there?

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Barclays offer fast and simple international payments to over 200 countries. Their online service is available 24/7, and allows you to send up to £50,000 via an online transfer in a matter of minutes.

When it comes to transfer options, Barclays offer the convenience of setting up recurring payments, payments to be completed at a future date and one-off payments. Live rates are offered to registered customers and transfers tend to take 1-2 working days to arrive.

Beat the banks

We’ve tested the amounts a bank will give you against an average money transfer company, and the results could net you big savings. A £10,000 transfer to South Africa with a money transfer company would save R$3,602 ZAR compared to a bank.

Why is this? Some banks charge up to £25 extra, which may be shown to you as a sum of small charges made of percentages and absolute fees. On top of this, there’s a hidden charge – the margin on the exchange rate. Money transfer companies tend to have much lower rates than banks and are generally a better option for sending money abroad. Don’t believe us? See our table below.

Amount received for £10,000
EURUSDZAR
Global ReachGlobal Reach€10,818 EUR (save €238)$12,812 USD (save $249)$167,239 ZAR (save R$3,602)
Barclays Barclays€10,580 EUR$12,563 USD$163,637 ZAR

Information correct as of 31/08/2017.

Compare Barclays to other international money transfer options

Table: sorted by promoted deals first
Our table below lets you compare the services you can use to send money abroad. Choose if you want to send under or over £10,000, and you’ll be shown a list of services that can help you.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Wise (TransferWise) for large transfers
Within an hour
From £3.75

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

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

View details
Central FX's dedicated team will guide you or your business from first call to final payment.
Currencies Direct
Within an hour
£0

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

View details
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE Money Transfer
Within minutes
£2
SPECIAL OFFER ✓ £25 Amazon voucher when you refer a friend

View details
XE has fast transfers with low fees and a range of foreign currency tools.
Wise (TransferWise)
Within an hour
From £3.75

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
CurrencyFair
24 hours
€3
SPECIAL OFFER ✓ Zero fees on your first 10 transfers

View details
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Azimo
Within minutes
From £0.99
SPECIAL OFFER ✓ First two transfers free for new customers.

View details
New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Remitly
Within minutes
From £1.49
SPECIAL OFFER ✓ Free transfers and better exchange rates for new customers

View details
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within an hour
From £1.99
SPECIAL OFFER ✓ Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.

View details
Send money to Cameroon with zero fees. Valid till 20 October 2021. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

Barclays exchange rates

Barclays offers live exchange rates that are updated from one minute to the next during trading hours, and can be viewed once logged in to online banking. This ensures that customers can receive the most up to date rate available for their transaction.

To view Barclays’ exchange rate for your transfer destination, login to your internet banking account and enter the details of your transfer. You’ll be able to review the details of your transaction, including the exchange rate that will apply, before you commit to the transfer.

How much does it cost to transfer money with Barclays?

The fee that will apply to your Barclays international money transfer is calculated on the transfer method you select and where you are sending the funds.

SEPA (Single Euro Payments Area) work in Euros and incur a £5 cost if done online or a £15 cost if done in a branch. Payments to European countries in currencies other than Euros can also be made, and will cost £15 online or £25-£40 in a branch. For a full list of Barclays’ fees, see their A-Z list of fees.

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Minimum transfer amount and available countries

While no minimum transfer limit is listed, the following maximum limits apply:

  • For online transfers: £50,000 or an equivalent amount in another currency
  • For branch transfers: No limit

As an international bank, Barclays offers transfers to bank accounts all around the world, including transfers to around 200 countries. For a full list of where you can send funds, see their A-Z list of fees.

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What types of transfers can you carry out with Barclays?

Barclays offers the following transfer options when you want to send money to an overseas bank account:

  • One-off transfers. This allows you to send money overseas quickly and conveniently.
  • Future-dated payments. This option allows you to send funds at whatever exchange rate is available when the transfer is executed.
  • Recurring payments. You can take advantage of this transfer option when paying off a debt in instalments, for example a mortgage.

If you ever need help regarding Barclays international money transfers, a selection of frequently asked questions and answers can be accessed through the bank’s website. Phone support and online chat support is available 24/7.

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The registration and transfer process

You’ll need to be a Barclays account holder in order to send money overseas, so examine the banking solutions available from Barclays to determine if they meet your needs.

To send an online transfer, login to your Barclays Online Banking account. You can then navigate to the ‘Pay’ section and select ‘Send a payment abroad’.

Next, enter the details of your payment, including:

  • Your recipient’s full name and address
  • The Bank Identifier Code (BIC) of your recipient’s bank
  • Your recipient’s International Bank Account Number (IBAN) or account number
  • The country where the bank is located
  • The amount you wish to send and the reason you are making the payment

The final step is to review and confirm the details of your transfer.

What are the pros and cons of using Barclays?

Pros

  • Choice of transfer methods. You can place a transfer online through your internet banking account, over the phone or by visiting a branch.
  • Secure and convenient. Sending an international money transfer with Barclays gives you the security and peace of mind of dealing with a trusted global financial institution, plus existing customers will already have an account set up and will not have to go through a registration process to access the service.

Cons

  • Some charges apply. Transaction fees apply to all transfers and tend to be more expensive than specialist providers.
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What other products and services does Barclays offer?

As a global financial institution, Barclays offers an extensive range of banking products and services to its customers. In terms of international banking it offers the following:

  • Overseas relocation services. You can open an international account before you move abroad.
  • Travel money. Barclays allows you to order your travel money online and take advantage of next-day delivery.
  • Mortgages and loans You can get loans from Barclays to help you when buying a home or need some extra cash
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Frequently asked questions


If you’re impressed with the features offered by Barclays’ international money transfer service, make sure to compare it with the options available from other money transfer providers. Taking the time to weigh up your options will ensure that you can find the right solution to your transfer problems.

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7 Responses

    Default Gravatar
    jnellOctober 8, 2018

    can i set up an account so that someone can send my inheritance?

      Avatarfinder Customer Care
      JoshuaOctober 16, 2018Staff

      Hi Jnell,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Yes, you can create a Barclays Money Transfer account. The first thing you need to do is become a Barclays account holder. You can do this by getting in touch with Barclay. Once you have this account, you can now receive money. The sender should also have a Barclays account for them to send the money.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    AnnaJuly 6, 2018

    What fees do I expect when transferring funds through your bank? This is an amount of 172,000 euros.

    Default Gravatar
    NarelleDecember 30, 2017

    If I wanted to transfer £10000 to family in Australia, how much would it amount to in dollars after ALL charges. I realise this will change from day to day.

      Avatarfinder Customer Care
      RenchDecember 31, 2017Staff

      Hi Narelle,

      Thanks for your inquiry. Please note that we are not affiliated with Barclays or any company we feature on our site and so we can only offer you general advice.

      Barclays offers live exchange rates that are updated from one minute to the next during trading hours, and can be viewed once logged in to online banking. This ensures that customers can receive the most up to date rate available for their transaction.

      To view Barclays’ exchange rate for your transfer destination, login to your internet banking account and enter the details of your transfer. You’ll be able to review the details of your transaction, including the exchange rate that will apply, before you commit to the transfer.

      The fee that will apply to your Barclays international money transfer is calculated on the transfer method you select and where you are sending the funds. The maximum limit for online transfers is £50,000.

      Hope this information helped.

      Cheers,
      Rench

    Default Gravatar
    MelanieOctober 10, 2017

    my parents are selling property in Spain how do they transfer the money from their Spanish bank account to their UK Barclays account?

      Avatarfinder Customer Care
      AshOctober 10, 2017Staff

      Hi Melanie,

      Thank you for contacting finder.

      For your parents to receive/ transfer the money from overseas specifically Spain, they would need the following information:

      *Your International Bank Account Number (IBAN) – it’s on your statement
      *Barclays SWIFTBIC (Bank Identifier Code). For Barclays UK, this code is BARCGB22
      *Your sort code
      *Account number
      *Your full name
      *Your address
      *The amount and the currency you’d like to receive the payment in

      There will be certain charges involved in making the transfer in which it will depend on the transfer method that you select and place wherein you will be sending the funds to.

      I hope this helps.

      Let us know if there will be anything that we can assist you with.

      Cheers,
      Ash

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