Looking for the best way to send money from the United Kingdom to family, friends or businesses in Uruguay (or even to your own overseas bank account)?
Don't head straight to your British bank – compare specialist money transfer services instead. They nearly always offer better UYU exchange rates and lower fees, so for the same amount of pounds you send, your recipient will receive more Peso uruguayos.
Of the companies we've compared, OFX is among the cheapest, with competitive exchange rates and fees starting from £0. Need a really fast transfer? CurrencyFair can get money to your recipient in Uruguay within minutes.
Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.
Bank transfers are typically the cheapest way to get your money to Uruguay. OFX and Remitly have some of the lowest bank transfer fees of the brands we've compared.
When you're hunting down the cheapest ways to send money to Uruguay, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many Peso uruguayos your recipient will end up with.
Many online providers can offer transfers to Uruguay within minutes, although you're likely to pay a premium for the convenience.Here are some of the fastest average transfer speeds to Uruguay:
Actual transfer times from the United Kingdom to Uruguay can depend on several different factors including transfer amount, payment method and currency.
The safest way to get your money to Uruguay is to use a provider registered with the United Kingdom's industry regulator, the Financial Conduct Authority (FCA). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United Kingdom and Uruguay.
A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.
If you need to make a sizable money transfer to Uruguay, consider using a provider such as Wise (TransferWise) or TorFX to benefit from its expertise in handling larger transfer amounts.Using a large transfer specialist can have the following advantages:
To send money to Uruguay, you'll need the necessary documentation, your recipient's details and a way to pay.
Maria is working in the United Kingdom as a digital marketer and she stays in regular contact with her elderly parents back home in Uruguay. Her parents need some funds to help pay off a mortgage, so Maria plans to send them £2,000 from the United Kingdom.
She decides to compare a bank and a money transfer specialist to see which one can save the most money on her transaction.
|Bank||Money transfer company|
|Exchange rate||1 GBP = 45.74 UYU||1 GBP = 46.34 UYU|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||2 - 5 working days||Next day|
|Amount received||91,018.86 UYU||92,571.38 UYU|
The money transfer company enables Maria to send an extra $1,552.51, which is transferred straight to her parents' Banco Itaú account.
When choosing a money transfer provider to send money from the United Kingdom to Uruguay, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
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