International Personal Regular Transfers

If you own a property overseas, have family living in another country, or you work outside the UK, then the chances are you’ll need to make regular money transfers abroad.

Here, we explain how regular international money transfers work, what to watch out for and how you can keep costs to a minimum…

    • Provider International Money Transfer

      HiFX

      International Money Transfer

    • Description

      Whether you’re paying an international mortgage, making salary transfers or transferring a UK pension overseas, whatever your regular payments needs, HiFX offers the ultimate in convenience and ensures you avoid the unnecessary fees charged by the high street banks each and every time you make a payment. Automate your payments via direct debit or make transfers online whichever is more convenient.

      more provider details
    • Go to site

    5*
    Rating

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

    Great for
    Over £100 billion transferred on behalf of businesses and private individuals worldwide
    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 vouchers.
    But be aware that
    Minimum transfer £250
    No cash, bank transfers & debit/credit cards only
    • Provider International Money Transfer

      Frontierpay

      International Money Transfer

    • Description

      A privately-owned business in no doubt that client satisfaction defines its future success. Whether you are an individual or a business, Frontierpay 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, Frontierpay has traded over $1bn on behalf of its clients in 2015.

      more provider details
    • Go to site

    5*
    Rating

    5* 'excellent' rating on Trustpilot - over 200 reviews

    Great for
    Helpful, impartial guidance rather than pushy advice - consultants not incentivised by commission
    No transfer fees or hidden charges - what Frontierpay 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
    This service is not available to anyone domiciled in India
    • Provider International Money Transfers

      Halo Financial

      International Money Transfers

    • Description Whether you're at home or abroad, Halo Financial can help make regular international payments easy. Halo Financial have developed a simple, flexible and cost-effective payment solution to help you make monthly repayments for an overseas mortgage, receiving a pension, rental income, maintenance costs, school fees, payments to family, business payments or any regular money transfer with a solution tailored to suit you. For your convenience automated orders can also be set up protecting you against currency loss and maximising your currency gain.
    • Go to site

    Great for
    Award-winning service from a dedicated, specially qualified currency consultant
    Online transfers, automatic rate watch and regular transfers services available
    Insights, updates and guides on how currency markets affect you
    But be aware that
    Minimum transfer is £250 per month
    Bank to Bank transfers only
  1. 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

      FairFX

      International Money Transfers

    • 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

    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
    Transfers via telephone dealing desk. Minimum transfer amount of £3,000
    Payment by bank transfer only
    • Provider International Money Transfer

      FC Exchange

      International Money Transfer

    • Description

      FC Exchange has been helping customers with their international money transfer requirements for over 10 years. They offer exceptional customer service and each customer has their own account manager to guide them through the process of sending money overseas. Customers can transact online or over the telephone in over 50 currencies and with their Best Exchange Rate Guarantee, FC Exchange help customers get the most for their money every time they transfer.

      FC Exchange is a Global Reach Group company and is authorised by the Financial Conduct Authority.

      more provider details
    • Go to site

    5* Rating

    5* 'excellent' rating on Trustpilot - over 600 reviews

    Great for
    Secure the exchange rate for up to two years in advance
    One-off or regular payments with a Best Exchange Rate Guarantee
    Transact online or over the telephone with a dedicated dealer
    But be aware that
    Payments by bank transfers only
    Minimum transfer requirement of £500 per month for regular transfers
    • Provider International Money Transfers

      World First

      International Money Transfers

    • Description

      Whether you’re paying an international mortgage, working abroad and want to send money home, paying for overseas tuition fees – or any other reason - World First offer highly competitive rates, exceptional services, and a dedicated contact to ensure you’re getting the best deal for your foreign exchange transfers. Authorised by the FCA, they are safe and secure, and have an easy to use online service that saves clients time.

      more provider details
    • Go to site

    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

      John Lewis Finance

      International Money Transfers

    • Description

      When you’re transferring money overseas, it’s better to go with someone you trust. And International Payments at John Lewis Finance is a name you know you can count on.

      They regularly check all main high street bank and building society exchange rates. John Lewis Finance will never charge you a fee for any transfer, plus they’ll also fully refund you if you’re charged by a receiving bank. So you can be confident their overall price to transfer your money will be competitive.

    • Go to site

    Great for
    Transfer any amount with no fees and bank-beating rates
    If you're charged a fee by a receiving bank, John Lewis Finance will fully refund you
    Customer support available via telephone
    But be aware that
    No payment option for cash or cheque - bank transfers and debit/credit cards only
    Must be over 18 and resident within the EEA
    • Provider International Money Transfer

      Moneycorp

      International Money Transfer

    • Description

      Moneycorp help their clients save money with their regular overseas payments through a selection of automated, flexible and hassle free transfer schedules which can be managed online or over the phone. Moneycorp have proudly achieved the Gold Trusted Merchant Certificate 2013 for outstanding customer service from Feefo.

    • Go to site

    Great for
    Paying mortgages and property maintenance bills, tuition fees, transferring pensions and overseas salaries
    Bank beating exchange rates with free expert telephone service and guidance on the various regular payment options
    Protecting your international transfers from sudden exchange rate fluctuations
    But be aware that
    Minimum regular payment plan is £250
    Credit cards are not accepted for payment

International personal regular transfers

Lots of people need to make regular international money transfers overseas, perhaps because they support friends or family, or because they own a holiday home and have ongoing costs to meet.

These payments can be for small or large amounts, and may need to be made weekly, or monthly. Usually payments are collected in sterling from your account by direct debit, and foreign currency is sent automatically abroad.

As a general rule, you can opt to have a set amount of sterling deducted from your account for each transfer, or you can fix the amount of foreign currency that arrives at the other end. If you opt for the latter, the amount of sterling that comes out of your account will vary depending on the exchange rate, while if you fix the sterling amount, the amount of foreign currency received overseas will vary.

Where can I set up regular transfers?

Many people simply opt to use their high street bank to make international money transfers, but it’s also worth investigating specialist currency brokers too, if you want to keep transfer costs to a minimum.

Fees can take add a significant chunk out of the amount you are transferring, so it’s vital to check exactly how much you will be paying. As a general rule, high street banks charge around £15 to £25 per transfer, while currency brokers can typically arrange fee-free or low cost money transfers for £3 to 10 per transfer.

Certain banks, particularly those with branches overseas where you can hold accounts in two countries, will also allow fee-free money transfers, which could save you hundreds or even thousands of pounds if you are making regular transfers over a long period of time.

In addition to transfer fees, you will also have to pay a foreign exchange rate and a fee from the bank which receives the funds. This is usually about 0.5% but will depend on which bank you use.

Check exchange rates

If you need to make regular international money transfers, it’s vital to check the currency rates on offer, as these can have a significant impact on the amount that ends up being transferred.

If you are relying on a high street bank to arrange your transfer, you will have to specify the day on which you want to make the transfer, and hope that you don’t end up transferring your money at a time when the exchange rate is working against you.

Some specialist currency brokers can help avoid exchange rate volatility by allowing customers to lock into favourable exchange rates months, or in some cases a year or more, in advance.

Of course, there are risks involved if you do this, as if the exchange rate moves in your favour, you won’t be able to take advantage as you will already have locked into a particular rate.

Will my money be safe?

If you are making regular international money transfers via a high street bank, then you have peace of mind that your money is protected by the Financial Conduct Authority. However, if you move money using a currency broker, then not all of these - particularly when it comes to smaller companies - are regulated by the FCA, so you’ll need to do plenty of checks to ensure your money is protected.

Find out how long the currency broker has been established and search on the internet for any customer reviews so that you can get an idea of how they rate from a customer service perspective.

Close

Cookie use

We use cookies to give you the best experience. By using our website you agree to our use of cookies in accordance with our 

Cookie Policy .

Read more

Cookies are harmless files which can help improve the experience. Cookies allow websites to respond to you as an individual. The website can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.

Read less

Close