We save you time and money when transferring money to the United Kingdom by comparing providers to help you get the Best Service, Rates and Fees.
Sending money to the UK can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
We make it easy to save money by making these fees and exchange rates easier to see and compare. With the below foreign transfer comparison table, you can quickly find the best way to send money internationally.
Using your Bank to make international wire transfer to the United Kingdom can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to an UK based bank account or pay a sterling invoice.
When choosing a provider to send money to the UK finding the best currency rate is generally everyone’s number one factor. Other important criteria to also consider are transfer speed, delivery options (bank transfer or cash pickup), customer servce, mobile apps and extra fees.
You can read more about Currency Transfer and Travel Tips for the UK in our the UK FX guide.
OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals.
Their transactions are transparent, unlike most banks. Also, as the rates are displayed on the site, customers can see what rates they can expect.
Transfer Fee: OFX usually charge a flat fee for smaller amounts, but if you click on the link below or mention that you are a BestExchangeRates customer, then your transfers will be fee free.
Exchange Rate: OFX add a margin to the exchange rate when they convert your money. OFX exchange rates are highly competitive for global money transfers – either the best or very close to the best exchange rates prevailing in the market.
Once OFX receive your payment the transfer recipient will receive the converted funds into their account in 1-2 business days.
Yes they are. OFX is regulated in each country that they operate. See our full review of OFX for more information.
For more details on OFX exchange rates, service and what their users think read our guide OFX Foreign Transfers Reviewed.
XE works on razor thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal.
Transfers can be booked online and over the phone and most are processed within a single working day.
For more details on XE exchange rates, service and what their users think read our guide XE Foreign Transfers Reviewed.
WorldRemit - Send Money Online Anytime, Anywhere. 24/7 online service – no agents to visit. Bank Transfers - Cash Pickup - Mobile Money - Airtime top-up.
Register from the below button for a Zero Fee first transfer.
With WorldRemit, funds can be sent to bank accounts, mobile money wallets, can be picked up as cash at partnering banks and can be used to top up a loved one’s mobile phone.
WorldRemit is an online service with no physical outlets, which allows for lower costs and greater convenience; it’s also the first of the new wave of FX companies to offer instant WhatsApp notifications on the status of transfers.
WorldRemit isn’t a viable choice for large payments, such as property purchases, because its maximum transfer sizes are quite limited in many countries.
For more details on WorldRemit exchange rates, service and what their users think read our guide WorldRemit Foreign Transfers Reviewed.
Extra July BONUS: Get your first THREE transfers FREE - Just use the code 3FREE - This code is valid until 31 July 2021 at 11pm GMT+1.
Countries included in the promo: France, Canada, Germany, Denmark, Finland, Poland, Italy, Spain, Iceland, US, UK, Australia, Belgium, Netherlands, South Africa, Sweden, New Zealand, and Norway
Wise (formerly TransferWise) always aim to converts money at the real mid-market exchange rate. There’s just a small, fair service fee and it’s all shown up-front, this fee normally works out to be less than 1% of the amount being exchanged.
Exchange guaranteed within 2 business days - Pay via Bank Transfer or VISA/Mastercard debit cards.
Setup Direct Debits to Pay Bills abroad from AUD, CAD, EUR, GBP and USD accounts.
Multi-currency Accounts: Regardless of which country you live in, with a Wise Borderless Account you receive a unique set of GBP, EUR, USD, AUD, NZD, SGD, RON, CAD, HUF and TRY account details with which you can get paid like a local. Together with an account number, you’ll receive a SWIFT, BSB, routing and/or sort code and anything else needed to receive funds in those currencies.
Read our Review of Wise Borderless Account.
For more details on Wise exchange rates, service and what their users think read our guide Wise Foreign Transfers Reviewed.
GBP/USD – closed the week at 1.4160 (1.4210 last week). The Fed’s hawkish shift hit the Pound hard, pushing it 1.6% lower in 2 days. GBP Forecasts
The British Pound also had a choppy trading week. Sterling finished at 1.3766 on Friday from 1.3765 a week ago. GBP-USD Forecasts
The Reserve Bank of India’s QE announcement sunk the Indian rupee as low as 105 to the pound sterling. GBP-INR Forecasts
EUR/GBP – also had a volatile trading week with both currencies lively against the US Dollar. The Euro closed at 0.8563 Sterling on Friday from 0.8545 a week ago. While the net change is small, the overall weekly range for EUR/GBP was 0.8511 (last Friday) and 0.8670 (Wednesday). GBP-EUR Forecasts
GBP/AUD – another mover and shaker last week. Sterling ended on Friday at 1.8665 Australian Dollars from 1.8612 a week ago. The weekly high/low for this cross-currency pair occurred in one trading day (Tuesday) between 1.8694 and 1.8470. Amazing. GBP-AUD Forecasts
It has been a volatile year for CAD/GBP which has oscillated between in a 8 percent band between 0.56 and 0.60, making it important for British or Canadian expat workers, who represent one of the largest groups remitting money from both countries to keep an eye on the exchange rate. CAD-GBP Forecasts