Send money abroad
How to send money abroad?
There are a number of different ways to send money abroad, for large money transfers (£1,000+) you can use the Bank or an online money transfer specialist. A money transfer specialist is likely to offer you a far better exchange rate than the bank and will help you to make a fast international payment. Most money transfer companies offer a free way to send money abroad if you are planning to send over £5,000. Banks on the other hand offer familiarity in brand but will charge transaction fees and poor exchange rates which could leave you feeling rather short changed.
If you wish to send a smaller amount of money abroad, you can use the services of a company such as Western Union who can wire the money to an agent abroad when your beneficiary can go and collect the money. Alternately you can use an online money transfer service where you purchase currency either by credit/debit card or via bank transfer and send a payment to your beneficiaries bank account. This way of sending money abroad can be extremely cost effective and allows you to be fully in charge of your international payment. You can decide when to convert your money and at what exchange rate and then you simply make an international payment in much the same way as you would pay a person or company via your normal internet banking facility.
Large transactions: Find the best currency specialist to send money abroad.
Whether you are planning to send money abroad to buy a property, pay an overseas mortgage, repatriate income or to buy a boat you will want to ensure that you achieve the best exchange rate. At Compare Currency we have compiled information on the leading foreign exchange specialists in our money transfer comparison table to help you find the best way to send money abroad. A money transfer broker will offer far more competitive exchange rates than the bank and can help you to send money abroad efficiently. Save money and find the best exchange rate now.
Editor’s Pick this Week
| Provider | Minimum | Fees | Trading Method | Why we rate it? | |
 | £1000 | £0 | Online/Telephone/Email | We get great customer feedback on service, they provide free money transfers and continually offer competitive exchange rates. Real people with high standards. |  More Info |
| Provider | Specialise in | Minimum | Payment Fee | Margin Rate | FSA | HMRC | Trust Accounts | Payment Speed | Action |
|---|---|---|---|---|---|---|---|---|---|
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| £500 | Free transfers over £500 | 0.7% |  | |   | 1-24 Hours | More Info |
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| £500 | Free | 0.7% | | | | 1-24 Hours | More Info |
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| £250 | Free or £15 < £5k | 0.7% | | | | 12-24 Hours | More Info |
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| £1,000 | Free or £10 < £10k | 0.7% | | |  | 1-24 Hours | More Info |
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| £500 | Free | 1% | | | | 12-24 Hours | More Info |
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| £100 | Free | 1% | | | | 24 Hours | More Info |
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| £500 | Free | 0.5-2% | | | | 12-24 Hours | More Info |
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| £500 | Free | 1% | | | | 24-48 Hours | More Info |
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| £100 | Free | 0.8% | | | | Online/Telephone | More Info |
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| £250 | Free | 3-5% | | | 24-48 Hours | More Info | |
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| £0 | £25 per payment | 3-5% | | | For existing customers only | 1-8 Days | More Info |
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| £0 | Variable scale £12-£47 | 3-5% | | | 10-48 Hours | More Info | |
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| £0 | Withdraw/Transfer/Visa €1.80 | 3% | |  | | Instant | More Info |
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| £0 | £17 | 3-5% | | | For existing customers only | 1-4 Days | More Info |
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| £0 | £10 Euro & up to £2k. Rest £27 | 3-5% | | | For existing customers only | 1-4 Days | More Info |
Small transactions: What is the cheapest way to send money abroad?
Compare online money transfer providers now to find the cheapest way of sending a small amount of money abroad.