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    Send Money to the United Kingdom

    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?

    1. Compare GBP Transfer Rates
    2. Compare Providers
    3. Recent GBP Trend
    4. Pound Sterling Forecasts
     

    Saving on GBP Money Transfers

    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.

     


     

    Top Transfer to the UK Providers

    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

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    OFX at a glance

    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.

    How much does it cost?

    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.

    How to transfer money with OFX

    1. Create a free online account and login to get a live quote for your transfer.
    2. Enter your recipients details including bank account, financial institution number, account number and branch transit number.
    3. Click 'Finalise transaction' and then pay for your transaction using a bank or wire transfer.

    How long does it take?

    Once OFX receive your payment the transfer recipient will receive the converted funds into their account in 1-2 business days.

    Is OFX safe?

    Yes they are. OFX is regulated in each country that they operate. See our full review of OFX for more information.

    Use OFX for:

    • Good exchange rates and lock-in rate for larger amounts
    • 24/7 local phone support
    • Good Mobile phone app
    • BestExchangeRates users get the transfer fees waived.

    Great OFX Services for Online Sellers

    OFX is an Amazon Payment Services Provider. Also receive payments from Afterpay, Klarna, Zip and more. You can collect your online seller global revenues in USD, EUR, GBP, CAD, AUD, SGD and HKD.

    For more details on OFX exchange rates, service and what their users think read our guide OFX Foreign Transfers Reviewed.

     

     

     

    XE

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    XE Money Transfers at a glance

    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

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    WorldRemit at a glance

    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.


     

     

    Wise

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    Wise at a glance

    Wise products

    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.

    The Wise debit card are free to set up and use. And there's never any monthly fee and minimum balance to worry about.

    Free ATM withdrawals worldwide up to $350 every 30 days then a 2% charge on additional withdrawals.

    Auto-convert any currency - Spend in any currency and the Wise smart tech will auto-convert it with the lowest possible fee.

    Unlike practically all other Travel cards you can pay foreign currency into this card via your own personal foreign bank accounts.

    For more details on Wise exchange rates, service and what their users think read our guide Wise Foreign Transfers Reviewed.

     

     

     

    Latest Pound Sterling Trend

    1 USD = 0.8007 GBP
    Sell USD  →  Buy GBP
    USD to GBP at 0.8015 is 3.7% above its 90-day average 0.7726 with range 0.7352-0.8199.
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      1 GBP = 1.2489 USD
    7-DAY-2.2%
    14-DAYLOW
    Track Rate
     

     

    British Pound Trends & Forecasts


    GBP to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to USD at 1.2477 is 3.7% below its 90-day average 1.2955 with range 1.2197-1.3602. GBP/USD Rates

    In mid May the GBP/USD exchange rate dropped below 1.22 after the Federal Reserve raised interest rates combined with the continuing impact of the Ukraine war on commodity prices.

    The UK central bank raised rates by 25bps contrasting with the rate hike of 50bps by the US Federal Reserve. In conclusion, the BoE’s (UK bank) gloomy economic forecasts increased pressure on Sterling.

     GBP-USD Forecasts


    GBP to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to EUR at 1.1809 is just 1.0% below its 90-day average 1.1923 with range 1.1651-1.2109. GBP/EUR Rates

    The BoE’s (UK central bank) gloomy economic forecasts has increased pressure on Sterling. In early May the pound plummeted when the BoE raised rates by just 25bps contrasting with the rate hike of 50bps by the US Federal Reserve.

     GBP-EUR Forecasts


    GBP to AUD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to AUD at 1.7687 is just 0.7% below its 90-day average 1.7817 with range 1.7254-1.8952. GBP/AUD Rates

    In February and March the GBP/AUD exchange rate dropped on the impact of the Ukraine situation on commodity prices — this was good for AUD and bad for GBP.

    During April and May the pound-aussie rate improved back towards 1.78, but as we move through 2022 the prospect of more Australian interest rate rises sooner than expected could also boost the Aussie dollar vs Sterling.

     GBP-AUD Forecasts


    GBP to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to INR at 96.91 is 1.9% below its 90-day average 98.8 with range 94.44-101.7. GBP/INR Rates

    The Ukrainian crisis and its risks for European energy supplies have pushed the Pound down against the Rupee.

    From the end of the April and into May the GBP/INR exchange rate has dropped to below the 95 mark, well down from its highs around 104 in April last year.

     GBP-INR Forecasts