Why compare money transfer rates?
The money transfer market has changed rapidly in recent years, and it's now possible to get instant, competitive quotes from a range of money transfer providers who specialise in sending money overseas.
Instant quotes are helpful, but exchange rates aren't the only important factor when it comes to finding the best deal. Most providers charge a transfer fee for sending money abroad which can vary depending on how you pay, the amount you send, and currency and country you're sending to, and the length of time it takes for the transfer to complete can range from a few seconds to several days.
Our money transfer comparisons can help you to find the best deals by comparing the live exchange rates and transfer fees from some of the biggest money transfer providers in the UK. Whether you're looking to send money home, pay a one-off bill, or set up a regular overseas payment, just tell us a few details about the transfer and we'll compare the market for you.
It's quick and easy to send money using a money transfer service.
- Register with your chosen money transfer provider and create an account or wallet according to the provider's instructions.
- Depending on the provider, you may need to load money into your new account or wallet from your normal bank account or card.
- Begin a new transfer. Enter the amount you want to send, along with the recipients bank or wallet details, and your chosen payment method.
- Follow the provider's instructions to complete the transfer. You may need to provide ID or other documents depending on the transfer amount and destination.
- The provider will convert your money into the recipient's local currency and send it electronically to the account details you provided. Most transfers are completed within a few hours.
Money transfer providers can offer a significant saving of 10% or more compared to using a high street bank.
- Convenient: Money transfer services are quick and easy to use. Most providers have a dedicated app that allows you to set up and manage the transfer from your phone or tablet.
- Transparent: Get instant quotes for your transfer so you know exactly how much the recipient will get and how much the transfer will cost before you send it.
- Fast: Over 94% of transfers are completed on the same day. If you're sending money to Europe, the funds may arrive within minutes depending on who the recipient banks with.
- Cost effective: Money transfers are the cheapest way to send money overseas. You'll get a better exchange rate and pay fewer fees compared to using a high street bank.
- Secure: Money transfer providers are regulated in the same way as banks and other payment institutions, so your money will be processed safely and securely right up to when it arrives in the recipient's account.
