Same-currency international money transfers

Exchange rates aren't a factor when sending a same-currency international money transfer, but be aware of fees.

International money transfers often involve a conversion between currencies, but that doesn’t always have to be the case, like with the euro in the EU. Here are some ways to send same-currency international transfers and explore your options.

Compare services to send a same-currency transfer

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 21
Name Product Filter values Finder score Pay by Receiving options Fastest transfer Fee (pay by bank transfer) Key benefits
OFFER
TorFX
4.5
★★★★★
Debit card, Bank transfer
Bank account
Within minutes
£0
Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.
Key Currency
Not rated yet
Bank transfer
Bank account
24 hours
£0
Western Union
3.0
★★★★★
Cash, Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet
Within minutes
From £0
OFFER
Wise (TransferWise)
4.0
★★★★★
Credit card, Debit card, Bank transfer
Bank account, Alipay (China only)
Within minutes
From 0.41%
Refer 3 friends to receive up to £50 referral bonus
Equals Money Account
Not rated yet
Bank transfer
Bank account
3 hours
£0
OFX
4.5
★★★★★
Credit card, Debit card, Bank transfer
Bank account
24 hours
£0
CurrencyTransfer
Not rated yet
Bank transfer
Bank account
24 hours
£0
OFFER
Currencies Direct
4.0
★★★★★
Debit card, Bank transfer
Bank account
24 hours
£0
Get a £50 Amazon voucher for each friend you refer who transfers £5,000 or more. T&Cs apply.
OFFER
Atlantic Money
Not rated yet
Bank transfer
Bank account
Within minutes
£3
Pay no fees on your first Atlantic Money transaction with this link.
Zing
Not rated yet
Debit card, Bank transfer
Within minutes
No transfer fee, currency conversion fee from 0.20%
Currency conversion fee is waived for converting up to 500 pounds sterling or equivalent currency amount per calendar month until December 30th 2024. T&Cs apply.
FairFX
Not rated yet
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account
24 hours
£0
Remitly
4.0
★★★★★
Credit card, Debit card, Bank transfer
Cash pickup location, Bank account, Mobile wallet, Home delivery
Within minutes
From £0
OFFER
CurrencyFair
3.5
★★★★★
Bank transfer
Bank account
Within minutes
€3
New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
WorldRemit
OFFER
WorldRemit
3.5
★★★★★
Credit card, Debit card, Bank transfer, Apple Pay
Cash pickup location, Bank account, Mobile wallet, Home delivery, Prepaid phone credit
Within minutes
From £1.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
OFX
4.5
★★★★★
Credit card, Debit card, Bank transfer
Bank account
24 hours
£0
TorFX Business
4.5
★★★★★
Debit card, Bank transfer
Bank account
Within minutes
£0
Currencies Direct Business
4.0
★★★★★
Debit card, Bank transfer
Bank account
24 hours
£0
OFX Business
Not rated yet
Credit card, Debit card, Bank transfer
Bank account
24 hours
£0
CurrencyFair Business
Not rated yet
Bank transfer
Bank account
Within minutes
€3
Zero fees on your first 10 transfers. T&Cs apply.
WorldFirst Business
Not rated yet
Debit card, Bank transfer
Bank account, Mobile wallet
24 hours
£0
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What are the pros and cons of same-currency transfers?

Pros

  • Forget exchange rates. When you send the same currency overseas, you don’t have to worry about hunting for the best exchange rate and how much money you’ll “lose” in the currency conversion process.
  • Lots of choices. There are heaps of trusted and reputable money transfer providers who can send a same-currency transfer for you.

Cons

  • Fees apply. You’ll probably need to pay a fee in most cases when sending money overseas, whether it’s the same currency or not, so search for a provider with a reasonable fee structure. Sometimes fees are charged as a portion of the exchange rate, so look for companies that offer 1:1 rates on same-currency transfers.
  • Restricted country and currency support. Some currencies will have stronger global support than others.

How does a same-currency transfer work?

Same-currency transfers, like international transfers, rely on using a service to move money between you and your recipient. This service could be a money transfer service, an international wallet, a bank or something similar. When sending same-currency international transfers, you don’t have to worry about exchange rates, but you still need to be aware of potential fees. The best services to use will vary depending on whether you’re sending a domestic or international same-currency transfer:

Domestic same-currency money transfers

There are very few times when you should be paying fees to send money within the UK. If the person you’re sending to doesn’t have a bank account or would prefer to pick up cash, you’ll have to rely on a money transfer service that may charge a fee.

Otherwise, you have other free options for transferring money domestically, such as Google Pay, Apple Pay, Facebook Messenger and Cash App.

International same-currency money transfers

Because most money transfer companies make money both on fees and exchange rates, there’s little incentive for them to offer same-currency transfers between countries, so they’re a bit trickier to find. Some options are:

What other ways can I send same-currency international transfers

Although not the most convenient, there are other ways to send same-currency international transfers.

  • Banks: Banks may seem like the most convenient option, but there are many fees and roadblocks you have to watch out for. Expect both an outgoing wire fee from your bank and an incoming wire fee from your recipient’s bank, for example. Many banks will also force you to convert currency if the destination account doesn’t support the currency you’re transferring. To avoid these fees, consider using a bank like HSBC that supports international accounts in a wide array of currencies.
  • Send cash: The least recommended option, sending cash, is not only risky but may be illegal depending on how much you’re sending. Instead of sending cash, considering sending a postal order or cheque – though these are hardly your fastest or most secure options.

Bottom line

Sending same-currency transfers can be a good way to pay friends back, get money to your family, help make an international move smoother and more. Explore your options when sending same-currency transfers, including the various money transfer companies that support such transfers. Before making any moves, learn more about money transfers and what you can do with them.

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Publisher

Zak Killermann was a technical publisher at Finder who specialized in currencies and investing. Zak’s expertise was in breaking down technical finance concepts into approachable, digestible nuggets of information. See full bio

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