What’s in this United Kingdom Money Transfer guide?
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.
What’s in this United Kingdom Money Transfer guide?
We make it easy to save money by making these fees and exchange rates easier to see and compare.
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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.
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.
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the British pound current value is to look the GBP performance against a range of other currencies over various time periods.
The following table looks at the performance of the GBP exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.