International Money Transfers

Ordered on amount received - all quotes shown are for indicative purposes only

    • Provider International Money Transfers

      Global Reach Partners

      International Money Transfers

    • Exchange rate €1.1660 rate updated 21.09.16
    • Amount you'll receive €12,009.80 when transferring £10,300.00
    • Description

      A leading foreign exchange company giving clients the most competitive exchange rates for almost 15 years. One of the largest brokers for Corporate transfers also gives private individuals access to expert guidance and experience. Friendly dedicated dealers assigned to each client to build a strategy for getting the most for your money. Authorised and regulated by the FCA under the Payment Services regulations 2009.

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    5*
    Rating

    5* 'excellent' rating on Trustpilot - over 500 reviews

    Great for
    Lock the exchange rate before paying
    24/7 online access to market leading exchange rates
    Dedicated personal telephone service
    But be aware that
    Payments by bank transfers only
    A transfer fee usually applies but you will be advised of the relevant amount before you agree to any transaction
    • Provider International Money Transfers

      HiFX

      International Money Transfers

    • Exchange rate €1.1658 rate updated 21.09.16
    • Amount you'll receive €12,007.74 when transferring £10,300.00
    • Description

      The company is one of the largest and best known international money transfer specialists in the UK with a reputation for consistently offering highly competitive, bank beating exchange rates to both private individuals and businesses alike. To date they have transferred in excess of £100 billion!

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    5*
    Rating

    5* ‘excellent’ rating on Trustpilot from over 10,000 verified reviews

    Great for
    Move money and make payments 24 hours a day, seven days a week
    Authorised by the Financial Conduct Authority
    Exclusive to MoneySuperMarket – transfer £5,000+ and you’ll be entered into a monthly prize draw to receive one of 10 £50 M&S vouchers
    But be aware that
    Minimum transfer £50
    No cash, bank transfers & debit/credit cards only
    • Provider International Money Transfer

      The FX Firm

      International Money Transfer

    • Exchange rate €1.1657 rate updated 21.09.16
    • Amount you'll receive €12,006.71 when transferring £10,300.00
    • Description

      A privately-owned business in no doubt that client satisfaction defines its future success. Whether you are an individual or a business, The FX Firm will offer you great exchange rates and can transfer money to any account in the world through the company’s state of the art international payments systems. Authorised and regulated by the FCA, The FX Firm has traded over $1bn on behalf of its clients in 2015.

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    5*
    Rating

    5* 'excellent' rating on Trustpilot

    Great for
    Helpful, impartial guidance rather than pushy advice - consultants not incentivised by commission
    No transfer fees or hidden charges - what The FX Firm quotes, it sends
    Ease of use - move money online, by phone or via email
    But be aware that
    Minimum transfer is £500
    Payment by bank to bank transfer only
    • Provider International Money Transfers

      World First

      International Money Transfers

    • Exchange rate €1.1657 rate updated 21.09.16
    • Amount you'll receive €12,006.71 when transferring £10,300.00
    • Description

      World First is the award-winning currency exchange company that makes transferring money overseas faster, cheaper and easier. They offer excellent exchange rates, great customer service and are FCA regulated. They won the prestigious 2016 Queen’s Award for Enterprise in International Trade and The Sunday Times HSBC International Track 200 (2015) as well as 2014 European Business Award for Customer Focus and the 2013 Customer Experience Award (financial services – banking and investment).

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    Great for
    24/7 access to live transparent exchange rates and transfer on the move with World First's app
    Better exchange rates than the banks and the fastest available currency transfers
    Award winning customer service, and a dedicated contact
    But be aware that
    Bank to Bank and card transfers only
    Minimum transfer amount £1,000 or equivalent
    • Provider International Money Transfers

      Halo Financial

      International Money Transfers

    • Exchange rate €1.1655 rate updated 21.09.16
    • Amount you'll receive €12,004.65 when transferring £10,300.00
    • Description

      Halo Financial have been awarded Feefo Gold Trusted Merchant Status at the beginning of 2015 and again at the beginning of 2016 after receiving a 5/5 customer star rating. It offers a combination of expertise, competitive exchange rates and efficient payment processing. Halo Financial is authorised and regulated by the FCA under the Payment Services regulations 2009.

    • Go to site

    Great for
    Same day & next day transfers available Monday - Thursday 8:30am - 8:00pm, Friday 8:30am - 5:30pm
    Personal telephone servicing
    But be aware that
    Minimum Transfer is £250
    No online transfer servicing
    Bank to Bank transfers only
    • Provider International Money Transfers

      TransferWise

      International Money Transfers

    • Exchange rate €1.1663 rate updated 21.09.16
    • Amount you'll receive €11,953.13 when transferring £10,300.00
    • Description

      Authorised by the FCA under the Electronic Money Regulations 2011 for the issuing of electronic money
      5 star "excellent rating on trust pilot - over 10,000 reviews

    • Go to site

    5*
    Rating

    5* 'excellent' rating on Trustpilot - over 10,000 reviews

    Great for
    Transferwise offer the mid market rate with a service charge
    Transfer fees are clear and transparent
    But be aware that
    There is a maximum transfer amount of £1,000,000 GBP
    Phone support only available Monday to Friday 8am - 8pm
    You cannot make transfers over the phone
    • Provider International Money Transfers

      Virgin Money

      International Money Transfers

    • Exchange rate €1.1637 rate updated 21.09.16
    • Amount you'll receive €11,986.11 when transferring £10,300.00
    • Description

      Virgin Money offers fast, fee-free transfers and great exchange rates.

      Book transfers over the phone through Virgin's dedicated dealing team, or by using their 24/7 online platform. Authorised by the Financial Conduct Authority.

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    • Go to site

    Great for
    24/7 online access to great exchange rates
    Award winning customer service
    If you get a better quote from another bank, contact Virgin within 3 hours and Virgin Money will beat it. Terms and conditions apply
    But be aware that
    Minimum transfer amount of £1,000
    Telephone dealing team available 8.30am to 5.30pm, Monday to Friday
    This service is available to UK residents only
    • Provider International Money Transfers

      Currencies Direct

      International Money Transfers

    • Exchange rate €1.1541 rate updated 21.09.16
    • Amount you'll receive €11,887.23 when transferring £10,300.00
    • Description

      Receive bank-beating exchange rates and fee-free, overseas money transfers with the added benefit of Currencies Direct’s ‘best rate guarantee’. Currencies Direct were the UK’s first currency specialist for overseas money transfers, with thousands of regular users and a 5* review rating on Trustpilot. Choose from a selection of over 60+ currencies and receive free guidance from their currency experts. Unrivalled local market knowledge with over 20+ global office locations.

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    • Go to site

    5* Rating

    5* 'excellent' rating on Trustpilot

    Great for
    Free transfers and bank-beating exchange rates
    Transfer over the phone, 24/7 online or via their app
    Get ‘best rate guarantee’ on all your transfers
    But be aware that
    Maximum online transfer £15,000
    Payments by bank transfer only
    • Provider International Money Transfers

      FairFX

      International Money Transfers

    • Exchange rate €1.1501 rate updated 21.09.16
    • Amount you'll receive €11,846.03 when transferring £10,300.00
    • Description

      All FairFX international payments are simple, secure and fast, with no fees and great rates on online money transfers as well as its telephone dealing service. Whether you're making regular payments or sending larger amounts, choose the service that best meets your needs. FairFX is FCA authorised, registered on the AIM market of the London Stock Exchange, and was previously named as one of 1000 Companies to Inspire Britain.

    • Go to site

    5* Rating

    5* ‘excellent’ rating on Trustpilot from over 4,000 verified reviews

    Great for
    Access a dedicated personal service through the telephone dealing team
    Free Rate Watch Service
    Send money online or through the FairFX mobile app
    But be aware that
    Minimum £500 transfer online
    Bank transfers and debit/credit card payments only
    • Provider International Money Transfers

      Moneycorp

      International Money Transfers

    • Exchange rate €1.1396 rate updated 21.09.16
    • Amount you'll receive €11,737.88 when transferring £10,300.00
    • Description

      With over 30 years experience helping individuals save money on their international transfers Moneycorp have achieved the Gold Trusted Merchant Certificate for outstanding customer service in 2013 from Feefo. They focus on long-term customer satisfaction rather than short-term gains and are authorised and regulated by the Financial Conduct Authority.

    • Go to site

    Great for
    No transfer fees for transfers of £5,000+ (exclusive to MoneySuperMarket)
    Bank beating exchange rates with free expert telephone service and guidance on the currency markets
    Making fast online money transfers 24/7
    But be aware that
    Minimum online transfer is £50

Ordered on amount received - all quotes shown are for indicative purposes only

  1. Great for
    Up to £5k can be transferred by phone
    But be aware that
    You must hold a Lloyds Current Account to use this service
    Additional fees and charges apply
    Charge of £9.50 applies for payments made online (maximum £100,000)

International money transfers

If you want to send money overseas, a foreign exchange or currency broker can be a good option. They often charge no fees and usually offer a better exchange rate than a high street bank. So how do they work?

Let’s say you want to send 10,000 euros to France as a deposit on a French property purchase. You’ve contacted your bank but the service is expensive. You’ve also checked out a money transfer firm but, again, the charges are high. You therefore decide to use a foreign exchange broker.

Set up an account

First, you have to register to set up an account with the broker. A dealer will then usually contact you to discuss the transfer. If you are happy with the costs and exchange rate, you can book the transaction, give details of the recipient’s account and pay the agreed amount, typically by electronic transfer from your UK bank account.

Once it has received the funds, the broker will send the currency electronically to your beneficiary. The whole process shouldn’t take more than one or two days, though this depends on the currency – with popular currencies such as euros or US dollars, the time taken should be shorter than for less familiar ones.

Exchange rates

Foreign exchange brokers do not normally charge a fee for transfers of more than £3,000. They also generally offer better exchange rates than the high-street banks. For example, you might need £8,410 to send £10,000 euros through a broker, compared to £8,850 through a bank.

The bank would also charge a fee on top, which could be as high as £40. In other words, you could save about £480 by choosing a currency broker.

Types of transfer

You can also benefit from exchange rate movements by using a foreign exchange broker. There are normally three types of transfer, and you can select the one that best suits your needs and time scale. A transfer at the current exchange rate, sometimes called a spot deal, is the quickest and most straightforward as you simply send the funds immediately at the today’s rate of exchange.

Forward contract

If you do not need to send the funds straightaway, you could consider a ‘forward’ contract, which allows you to lock into today’s rate but effects the transfer the money at a given date in the future.

A forward contract can be appealing if you don’t want to have to worry about exchange rate movements, or if you expect the rate to get worse. Remember, however, that currencies can be volatile and the rate could move against you.

Put down a deposit

The exchange rate on a forward contract is calculated by adjusting the current rate for so-called “forward points”, so is not the same as the current exchange rate. Your broker should explain the terms and conditions of the contract, but it’s worth making sure you understand the cost before you go ahead.

You do not have to pay the full price of a forward contract up front, though you will normally have to put down a deposit, with the rest due on the transfer date.

Limit orders

A limit order is another way to play the currency markets. If you choose a limit order, you nominate your ideal exchange rate. When the rate is reached, the broker automatically buys the currency and transfers the funds. Limit orders are not normally appropriate for small amounts, and many brokers insist on a minimum of £30,000.

Regular payments

Foreign currency brokers can also usually arrange regular payments to a recipient overseas, perhaps if you pay a foreign mortgage or school fees. The minimum payment tends to be about £500.

Consumer protection

Security is paramount if you are sending money overseas, so you should always check that your broker is authorised or regulated by the Financial Conduct Authority. The firm must then operate within certain guidelines to safeguard consumers. Ideally, the firm should offer the protection of the Financial Services Compensation Scheme, so you are guaranteed to get your money back if something should go wrong.

Compare brokers

The cost of international money transfers varies from broker to broker. MoneySuperMarket’s free independent comparison service allows you to quickly and easily compare the deals on offer from all the major currency brokers, so you can make the most of your money.

How our site works

We want to show you quotes for foreign money transfers from as many different companies as possible, so you can choose the right one for you. But some companies don’t want to be included on comparison websites, so we can’t promise to show you every single one. We’ve run a hypothetical quote and ranked the companies according to how much money you would receive, from the most to the least. You can find out more about how we work here.

International Money Transfers

Our International money transfer pages are designed to give you access to all the information you need to save money and get highly competitive exchange rates when transferring money to and from the UK.

Explore
Personal overseas transfers
Regular personal transfers
Business money transfers
Guides
How do International money transfers work?
Transferring a large sum of money internationally
Can I transfer money internationally instantly?
Explore more transfer accounts
HiFX International money transfers
World First money transfers
Global Reach money transfers
FX Firm International money transfers
Virgin International money transfers
Currencies Direct money transfers
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