How to send money to Gibraltar
Learn how to transfer money to Gibraltar at the most competitive cost in a few easy steps
1. Make sure the Gibraltar pound exchange rate is in your favor
Although the currency market is impossible to predict, it can help you save money to stay on top of it in order to maximize how many you will receive for your money. We advise our users to set-up smart alerts to follow the GIP mid-market rate against your currency.
2. Find the best option by comparing the available options.
There are 6 providers able to send money to Gibraltar, such as TransferWise, Western Union, MoneyGram, Xendpay, b-Sharpe. You can save a lot of money by comparing them all and find the best option for your transfer.
3. Pick the best provider with your own criteria
What is the most important for you? Fees and exchange rate, speed of transfer, user ratings? Examine the advantages and disadvantages before making your choice.
It is also important to have a look at the pay-in and pay-out methods. Customers often have the possibility to pay your transfer by bank transfer or by cards (credit or debit). At the other end, in Gibraltar, choose if you need the amount in GIP to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer to Gibraltar with the money transfer provider you selected
The last step is to complete the sign-up form on the provider's homepage - be aware you will often need to provide an ID document and/or a proof of adress - and provide the details of your transaction.