How to send money to the United Kingdom
Learn how to send money to the United Kingdom with the lowest fees and best rates in a few easy steps
1. Check the GBP mid-market exchange rate against your own currency
Although the currency market is unpredictable, it can help you save money to keep an eye on it to maximize how much you get after the conversion. We advise our users to use exchange rate email alerts to stay updated about the evolution of the mid-market.
2. Make your choice among the more than 38 money transfer providers available for transfers to the United Kingdom in order to select the best provider.
We list many services to transfer money to the United Kingdom, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Using the most competitive service from the available options is a sure way to save on costs.
3. Select the best option that suits your needs
What do you value the most? The total cost, speed of the transaction, number of customer ratings? Consider the different criteria before selecting the provider.
It is also important to take into account the pay-in/out methods. You can often find money transfer companies allowing you to wire the money from your bank account, other providers will also allow you to pay with your debit and credit cards. To receive the money in United Kingdom, look at different options if you need the money to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your money transfer with the money transfer provider you selected
Visit the provider's website to go through the sign-up process - be ready to provide an ID and/or a proof of adress - and provide the details of your transfer.