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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.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    How much does it cost?

    OFX Exchange Rates - is a very competitive foreign exchange exchange that OFX use to move your money from one currency/country to another. It includes a small (bank-beating) margin. If you register to be an OFX customer through the BestExchangeRates partner page, you’ll receive preferential FX rates.

    OFX Fees - OFX has one standard fee of AUD$15 for transfers under AU$10,000. If you’re transferring more than AU$10,000, OFX won’t charge you a transfer fee. Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary, and OFX receives no portion of it. If you register through the BestExchangeRates partner page, your transfers will be fee free *.

     

    How long does it take?

    OFX's global network of banking partners enables them to move your money efficiently, through some of the fastest payment schemes available globally.

    OFX processes most major currency transfers within 1-2 business days from the time funds are received. Exotic currencies may take a little longer, but OFX keeps their clients updated along the way with email notifications when funds are received and paid out to the recipient.

    You can also opt-in for SMS updates or even track your transfer with OFX by logging in online or on the OFX app.

    Is OFX safe?

    Yes they are. OFX is an ASX listed company and is monitored by over 50 regulators globally.

    OFX believes everyone deserves peace of mind when moving money globally, so maintaining and improving systems that help protect their clients' money is crucially important to them. OFX is committed to researching, developing and adopting leading digital security technologies to provide their clients with a safe and secure money transfer service.

    See our full review of OFX for more information.

    A Trusted Foreign Exchange Specialist

    As the Official Currency Exchange Provider in the USA and Canada to the NHL®, OFX manages a portion of the NHL’s currency exchange requirements and promises to move NHL fans' money with great exchange rates.

    NHL and the NHL Shield are registered trademarks of the National Hockey League. © NHL 2022. All Rights Reserved.
     

    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. Click here to find out more.

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

     

    *Minimum transfer AU$250. Please note that the receiving bank or intermediary bank may charge fees on transactions. There are zero OFX fees on transactions. OzForex Limited (trading as OFX) regulated by ASIC (AFS Licence number 226 484) | ABN 65 092 375 703 | Member of the Australian Financial Complaints Authority (AFCA).


     

     

    XE

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    XE money transfers at a glance

    Transfers can be booked online and over the phone and most are processed within a single working day.

    XE works on razor-thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal.

     

    Sending Money with XE

     

    How much can you send online with XE

    For your security, XE have limits on how much you can send in a single transfer online.
    Your region Online transfer limit
    UK & Europe 🇬🇧🇪🇺   GBP 350,000
    United States 🇺🇸  USD 535,000
    Canada 🇨🇦  CAD 535,000
    Australia & New Zealand 🇦🇺🇳🇿  AUD/NZD 750,000
     

    Sending Larger Amounts with XE

    Xe has a dedicated team ready to help you with large transfers. Since if you’re sending large amounts of money, you may need some extra assistance.

    If you send more than $50,000 USD a year (or local currency equivalent) you are eligible for this service.

    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 convert 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.

    You get two free ATM withdrawals worldwide up to a max amount every 30 days, then a 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 = 0.8114 GBP
    Sell USD  →  Buy GBP
    USD to GBP at 0.8118 is 2.0% below its 90-day average 0.8287 with range 0.8047-0.8959.
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      1 GBP = 1.2324 USD
    30-DAYLOW1d
    Track Rate
     

     

    British Pound Trends & Forecasts


    GBP to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to USD at 1.2318 is 2.0% above its 90-day average 1.2074 with range 1.1162-1.2427. GBP to USD

    GBPUSD is down around 15 percent this year and hit an all-time low (since decimalisation in 1971) in late September of 1.03 (1 USD = 0.97 GBP) — reacting to the controversial tax-cutting policies from the previous (new) chancellor.

    The Bank of England has joined the global fight against inflation, but has raised rates by less than the US Federal Reserve.

    So it seems the BoE’s gloomy economic forecasts has increased pressure on Sterling.

    GBP-USD Forecasts


    GBP to EUR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to EUR at 1.1315 is 1.1% below its 90-day average 1.1443 with range 1.1253-1.1673. GBP to EUR

    In October, the GBP/EUR rate is still well down from the 1.20 levels, seen at the start of the year, to the 1.13-15 levels (1 EUR = 0.88 GBP).

    This is some achievement given the Euro itself has been under heavy pressure itself from impact on gas prices by the war in Ukraine.

    The BoE’s (UK central bank) gloomy economic forecasts has also increased pressure on Sterling.

    GBP-EUR Forecasts


    GBP to AUD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to AUD at 1.7407 is 2.2% below its 90-day average 1.7794 with range 1.7314-1.8245. GBP to AUD

    In the first quarter 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.

    Since then the pound to Aussie rate has fluctuated around the 1.76 level (1 AUD = 0.56 GBP), except for a drop to 1.60 when the market rejected the new UK chancellors controversial tax policies.

    GBP-AUD Forecasts


    GBP to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to INR at 100.7 is 1.8% above its 90-day average 98.89 with range 92.29-102.5. GBP to INR

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

    GBP/INR started dropping in February and by mid-year the pound to rupee exchange rate has settled around the 96 mark, well down from its highs around 104 in April last year.

    GBP-INR Forecasts