Regular overseas payments with an international money transfer

Manage your international transactions conveniently by setting up regular overseas payments.


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When you have an overseas bill that needs to be paid on a regular basis, such as rent or a mortgage repayment, the process of sending an international money transfer every fortnight or month can be time-consuming and downright annoying. But you don’t have to go to all the hassle of setting up a new payment every time you send funds overseas: There are now plenty of international money transfer providers that offer the convenient option of setting up recurring transfers in advance.

Compare international money transfers

Table: 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 1.089 EUR
Get bank-beating exchange rates and no fees when you transfer with TorFX. Go to site Show details
GBP 5,000 Same day GBP 0.00 1.089 EUR
Universal Partners FX offers competitive exchange rates and same-day transfers for 100+ currencies. Go to site Show details
GBP 2,000 1 day GBP 0.00 1.089 EUR
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 5,000 1 day GBP 0.00 1.094 EUR
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 2,500 Same day GBP 0.00 1.089 EUR
Central FX’s dedicated private client team will guide you through the money transfer process from first call to final payment. Go to site Show details
GBP 1 Same day GBP 0.00 1.094 EUR
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 3,000 1 day GBP 0.00 1.089 EUR
Get no fees as a Finder customer when you transfer your money overseas with Global Reach. Go to site Show details
GBP 1 1 - 2 days GBP 1.99 1.086 EUR
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
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GBP 5 2 days EUR 3.00 1.094 EUR
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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GBP 10 Within an hour GBP 2.00 1.094 EUR
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
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GBP 50 Same day GBP 2.99 1.089 EUR
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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How do regular overseas payments work?

An international money transfer is often a one-off payment. For example, one-time financial support for a family member overseas. But sometimes you need to make regular overseas payments to manage your financial obligations, which is when you can benefit from setting up a regular transfer in advance.

The process requires you to pay money to your bank or to a money transfer company that takes care of the transaction. The company you choose will convert your British pounds into the currency at your transfer destination and then transfer those funds to your recipient.

Companies that only offer one-off transfers will require you to go through the time-consuming process of entering your transaction information and recipient’s bank account details every time you need to make a payment. However, some transfer companies make it possible to enter your recipient and transfer information only once and then arrange for a transfer to be made at specific intervals, such as monthly.

Some companies will even allow you to lock in a competitive exchange rate for transactions that will take place up to a year in advance, allowing you to protect yourself from market fluctuations.

While you could send an international money transfer through any major financial institution, banks often charge high fees and offer poor exchange rates on these types of transactions. Online money transfer providers such as MoneyCorp and Currency Fair can offer much better value for money on international transfers, with better rates, lower fees and secure transactions.

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Why might I need to make regular overseas payments?

There are range of reasons why you might need to set up a regular overseas payment schedule, such as:

  • Paying rent on property you own overseas
  • Paying a mortgage in another country
  • Paying a large overseas purchase in instalments, such as a luxury car
  • Sending a monthly allowance to a son or daughter travelling overseas
  • Paying salaries to staff members based overseas
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How do I compare international money transfer services?

Ask yourself the following questions when searching around for the right company to handle your regular overseas payments:

  • What exchange rates do they offer? How do those rates compare to other companies and do they represent a fair deal?
  • How much will you need to pay per transfer? As well as the regular transfer fee that applies, will you need to pay an additional fee for the privilege of setting up a regular transfer? Can you save money if you transfer a larger amount?
  • Can you set up a recurring transfer? How far in advance can you set up transfers and is it an easy process?
  • Are forward contracts available? A forward contract allows you to secure the current exchange rate on a future transaction and can help you save money if the exchange rate falls in the interim.
  • How are the funds sent and received? Will your money be sent by bank account transfer or in cash? Can you place the transfer online or over the phone, or will you need to visit a branch? At the other end of the transaction, will the funds be made available for cash collection or simply deposited into your recipient’s bank account?
  • How long will it take? If speed is critical when you make an overseas payment, check how long you’ll have to wait for the money to be received at the other end.
  • What currencies can you send? Check to see which currencies you can transfer as well as which countries you can send funds to.
  • Is customer support available? You don’t want to be caught high and dry if you ever have trouble with a transfer, so check the company’s reputation when it comes to customer service and make sure you can get help whenever you need it.
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What are the pros and cons of regular overseas payments?


  • Manage your international payments. Whether you’re paying rent or helping out a family member, regular international money transfers allow you to stay on top of your finances from just about anywhere.
  • Easy to do. Sending an international transfer might sound complex, but it’s actually quite simple when you use an online transfer provider.
  • More affordable than ever. As an increasing number of online transfer companies compete with the banks for market share, it’s never been cheaper to send funds overseas.


  • Not all companies allow you to set up regular transfers. Unless you choose a provider that allows you to conveniently set up a regular payment, you’ll have to endure the frustrating task of manually entering your transfer details every time you need to send funds overseas.

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