International Personal Transfers

Do you need to send emergency funds to your son or daughter overseas? Or maybe you want to pay a deposit on a holiday villa abroad, or even buy a foreign property. There are many reasons why you might want to send money to another country – and there are various ways to carry out the required international money transfer.

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.

      more provider details
    • Go to site

    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!

      more provider details
    • Go to site

    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.

      more provider details
    • Go to site

    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.

      more provider details
    • 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.

      more provider details
    • 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 personal transfers

Let’s say you want to send between £500 and £5,000 abroad. If you – and the recipient – both have a bank account, you could contact your bank and arrange a transfer from your own account to the account overseas.

Exchange rate loading

The transfer could take up to five working days and the fee will typically be about £40, though you can usually pay extra for an express service. The fee isn’t the only cost involved as banks also load the exchange rate on international money transfers. You should therefore ask how many euros or dollars you will get for your sterling in order to fully understand the charges.

Foreign exchange broker

It’s always worth contacting your bank if you want to send money overseas, but it might be cheaper to carry out the transfer through a currency or foreign exchange broker. You normally have to register with the broker first, but the process is pretty straightforward and usually does not carry an obligation to carry out a transaction.

You then confirm the details of the deal, send the funds to the broker and the cash is transferred electronically to the recipient.

Competitive rates

Many brokers do not charge a fee for transfers of £3,000 or more. They also tend to offer more competitive exchange rates than the banks, though you should always check the charges before you agree to the deal.

Time the transaction

A foreign exchange broker can also be more flexible than a bank because you can time the transaction, hopefully taking advantage of exchange rate movements. For example, you can choose to send the money immediately at the current rate of exchange, sometimes known as the spot rate.

Alternatively, a forward contract allows you to lock into today’s exchange rate but send the money at a date in the future. Or, there’s a limit order, which lets you nominate your ideal exchange rate. The money is then sent when the rate is reached.

High-street firm

If you don’t have access to a bank account, a money transfer firm might be the answer. You can usually conduct the transfer online but many such firms, such as MoneyGram and Western Union, also have a high-street presence.

Again, you need to check the charges as there will be a fee, plus the exchange rate loading. It’s then simply a question of handing over your cash or card and the firm will send the money overseas. The recipient can usually collect the funds immediately at a branch or agency of the transfer firm wherever they are in the world.

Security

Whether you choose to send the money through a bank, broker or transfer firm depends to a large extent on the cost and the timescale. But you should also consider the security of your cash. Your bank will almost certainly be regulated by the Financial Conduct Authority (FCA). It should also be a member of the Financial Services Compensation Scheme (FSCS), so there are some guarantees if something should go wrong.

If you opt for a transfer firm or broker that is not authorised by the FCA, you are unlikely to be protected by the FSCS.

Compare costs

MoneySuperMarket’s comparison service is a quick and easy way to compare the costs of international money transfers, so you can be sure to get the best deal.

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