How to send money to the United Kingdom
Learn how to transfer money to the United Kingdom with the best GBP exchange rate with these 4 steps
1. Make sure the Pound sterling exchange rate is favorable
Although the currency market is unforseeable, it never hurts to stay on top of it so that you can optimize how much the recipient will get. You can use exchange rate email alerts to keep an eye on the GBP mid-market's evolution.
2. Find the best option by comparing the available money transfer companies.
We compare quite a few companies offering money transfer services to the United Kingdom, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Sending money with the right service from the more than 38 available options is a sure way to save on fees and exchange rate.
3. Choose the best provider that suits your needs
Which criteria is the most important for you? Total cost, speed of the transaction, user ratings? Balance the pros and cons before making your decision.
You may also want to consider the pay-in and pay-out methods. You often have the possibility to transfer the money by sending the money from your e-banking or by debit or credit cards. On the recipient's side in United Kingdom, you can decide if your want the amount in GBP to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and start your money transfer to the United Kingdom with the provider of your choice
Go to the money transfer provider's homepage to register - be ready to give a copy of your ID and/or a proof of adress - and provide the details of your money transfer to the United Kingdom.