Barclays
Barclays bank offer money transfer services for business and private clients who hold an account with them. Whether you are planning to buy an overseas property, emigrating, paying a bill or making an overseas payment for another reason, Barclays will ensure your money reaches your beneficiaries account successfully.
Main Features
- Personal and Business services available
- Able to purchase forward contracts
- Regulated by the Financial Services Authority
- High street presence
- Recognised brand
Transactions
In order to carry out an international transaction with Barclays you must have an account with them. If you do have a current account with Barclays unfortunately you cannot simply make a payment to a non-UK bank account via your internet banking facility.
- International payments or money transfers abroad can be made over the telephone if you are registered for Barclay’s telephone banking and want to send money overseas to an account in your name.
- Alternatively if your situation is slightly different from the first example above then you will need to visit your local Barclays branch.
- Barclays offer a standard and priority international payment service. The number of working days you need to allow before your funds are available will depend on where you are sending your money and which level of service you choose. Priority: 1-3 days Europe and North America, Rest of the world up to 7 days. Standard: 4-5 days Europe and North America, Rest of the world up to 8 days. Sending your funds via Barclays priority service is expensive at £40 plus overseas delivery charges.
Compare the features of Barclays against other UK leading money transfer firms in our easy-to-use comparison table here.